1871 https://1871.com Just another WordPress site Wed, 21 Sep 2016 16:00:29 +0000 en-US hourly 1 Event Gallery: MillerCoors – Marketing Town Hall https://1871.com/event-gallery-millercoors-marketing-town-hall/ https://1871.com/event-gallery-millercoors-marketing-town-hall/#respond Wed, 14 Sep 2016 17:11:28 +0000 https://1871.com/?p=1019935 Our partner and sponsor Miller Coors brought their team to 1871 for a lively marketing townhall! We were also joined byJessica Malkin, CEO of Chicago Ideas Week, for a chat about her unique marketing insights.

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Event Gallery: Chicago Loop Alliance’s Downtown Futures Series // Experiential City https://1871.com/event-gallery-chicago-loop-alliances-downtown-futures-series-experiential-city/ https://1871.com/event-gallery-chicago-loop-alliances-downtown-futures-series-experiential-city/#respond Wed, 14 Sep 2016 17:10:22 +0000 https://1871.com/?p=1019933 The Chicago Loop Alliance brought us inspirational, visionary discussion of the urban experiences of our city - past, present, and future.

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Event Gallery: 2016 Good Food Business Accelerator Application Celebration https://1871.com/event-gallery-2016-good-food-business-accelerator-application-celebration/ https://1871.com/event-gallery-2016-good-food-business-accelerator-application-celebration/#respond Tue, 13 Sep 2016 17:09:05 +0000 https://1871.com/?p=1019931 Good Food, good drinks, and good company! GFBA celebrated the launch of their next cohort for food-conscious startups.

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Jai Shekhawat Will Be Named the 2016 Entrepreneurial Champion at the Ninth Annual Momentum Awards https://1871.com/jai-shekhawat-will-named-2016-entrepreneurial-champion-ninth-annual-momentum-awards/ https://1871.com/jai-shekhawat-will-named-2016-entrepreneurial-champion-ninth-annual-momentum-awards/#respond Tue, 13 Sep 2016 16:33:23 +0000 https://1871.com/?p=1019849 Jai Shekhawat founded Fieldglass, a software platform that offers a Vendor Management System to manage large contingent workforces through cloud-based technology, growing it to the largest in the world with users in 25+ languages in 120 countries...

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Successful entrepreneur, mentor, and civic-leader will be honored; Sold Fieldglass to SAP in 2015 in one of Chicago’s largest tech exits; Sits on numerous boards and advises dozens of companies in Chicago

Chicago, IL – 1871 and the Chicagoland Entrepreneurial Center announced Tuesday they will honor Jai Shekhawat, the founder of Fieldglass, for his dedication to the entrepreneurial community at the ninth annual Momentum Awards. The Entrepreneurial Champion Award will be presented to Shekhawat at the annual gathering of the Chicago technology and entrepreneurial communities on October 6, 2016.

“Jai is the ultimate example of an entrepreneur, a leader, a friend, a business colleague, and a Chicagoan,” said James J. O’Connor, Jr., chairman of the board of CEC. “He leads every day with his actions, his resources, and his energy, and the city is better for his efforts.”

Jai Shekhawat founded Fieldglass, a software platform that offers a Vendor Management System to manage large contingent workforces through cloud-based technology, growing it to the largest in the world with users in 25+ languages in 120 countries. He ultimately sold Fieldglass to SAP for over $1 billion in 2014, and stepped down as the CEO in 2015.

Currently, Mr. Shekhawat serves on the Boards of Semantify, Health Engine, Fleet Complete, SomRus, Highground, OfficeLuv, Signal, Chicagoland Entrepreneurial Center, and Utopia. He is on the board of advisers for Madison Dearborn Partners, StarVest Partners and KDWC Ventures. He is a Trustee at the Field Museum of Chicago and a former board member at Metrosquash. Jai is also a Founding Member of the Firestarter Fund and an active angel investor in more than 40 startups.

“I’m honored and humbled to receive this award,” Shekhawat said. “I love being a part of this community and I’m fortunate to have the opportunity to give back and help lay the groundwork for the next generation of successful entrepreneurs. I look forward to continuing this work for many years in the future.”

The Momentum Awards Dinner, which will host over 750 entrepreneurs and community leaders from the Chicagoland area on October 6, is Chicago’s largest annual event celebrating entrepreneurial accomplishments. The Entrepreneurial Champion Award is an honor granted each year by the Chicagoland Entrepreneurial Center, along with the Corporate Champion Award, the Chicagoness Award, and the Momentum Award.

“The Entrepreneurial Champion award is a great reflection of the spirit of entrepreneurship in Chicago,” said CEC and 1871 CEO Howard A. Tullman. “I’ve known Jai for decades since he was a student of mine at Kellogg. He, like the others who have been recognized before him, is a wonderful example of all that is happening in this community and the way that individuals are stepping up to shape our collective future. We are very proud of him and appreciative of his efforts.”

Last year the Entrepreneurial Champion Award was presented to Jeff Aronin for his contributions to the healthcare industry while serving as the CEO of Marathon Pharmaceuticals and his leadership as the co-chair of MATTER. J.B. Pritzker, Richard Melman, Tom Ricketts, Gordon and Carol Segal, Michael Ferro, and Brad Keywell and Eric Lefkofsky have all been honored with the Entrepreneurial Champion Award in the past.

1871 makes an effort to open up the dinner to entrepreneurs, and facilitates strong interactions between some of our best entrepreneurs and the attendees of the dinner. To learn more, visit www.1871.com/momentum.

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Event Gallery: ChallengeHer https://1871.com/event-gallery-challengeher/ https://1871.com/event-gallery-challengeher/#respond Tue, 13 Sep 2016 16:11:07 +0000 http://1871.com/?p=1019779 The Small Business Administration and Women Impacting Public Policy joined forces to bring the community of Chicago women business owners a wealth of valuable information on how to secure government contracts, plus a special visit from the Honorable Dick Durbin of the United States Senate.

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Event Gallery: Village Capital Education US 2016: Venture Forum https://1871.com/event-gallery-village-capital-education-us-2016-venture-forum/ https://1871.com/event-gallery-village-capital-education-us-2016-venture-forum/#respond Thu, 08 Sep 2016 19:21:07 +0000 https://1871.com/?p=1019843 Village Capital Education US introduced us next generation of entrepreneurs bridging the gap between education and employment during this high-energy evening of pitches and networking.

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1871 Announces 12 Companies in Third Wistem Cohort https://1871.com/1871-announces-12-companies-third-wistem-cohort/ https://1871.com/1871-announces-12-companies-third-wistem-cohort/#respond Thu, 01 Sep 2016 16:42:05 +0000 http://1871.com/?p=1019816 Cohort to launch in mid-September; 15 women entrepreneurs will be involved; Two peer-selected companies will each receive a $25,000 investment as part of a new partnership with Village Capital Communities; $50,000 grant from SBA will foster new opportunities Chicago-based technology incubator 1871 announced Thursday the twelve businesses that will make up the third cohort of WiSTEM,

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Cohort to launch in mid-September; 15 women entrepreneurs will be involved; Two peer-selected companies will each receive a $25,000 investment as part of a new partnership with Village Capital Communities; $50,000 grant from SBA will foster new opportunities

Chicago-based technology incubator 1871 announced Thursday the twelve businesses that will make up the third cohort of WiSTEM, 1871’s unique program designed to cultivate success and opportunities for women in technology. The 12 companies and their founders will begin a sixteen-week curriculum on September 20, 2016.  Since the program launched Fall 2015, a total of 26 companies participated in WiSTEM in two successful cohorts

“The fundamental goal of WiSTEM has always been to produce, support, and positively impact the lives of women entrepreneurs,” said 1871 CEO Howard A. Tullman. “WiSTEM has surpassed and continues to surpass these goals by cultivating an environment that balances business and community and fosters opportunities across a wide spectrum. We are excited to welcome this new cohort of women to WiSTEM and the 1871 community.”

This cohort will benefit from a new $50,000 funding opportunity through a partnership with Village Capital Communities, with the top two peer-ranked companies each being awarded $25,000 as an investment. This is a new element of the program that will be launched for the first time with this cohort.

A focus on fostering opportunity for women entrepreneurs in technology has been a key objective for 1871. As part of the WiSTEM effort, it is customary for 1871 to welcome women business leaders to share their stories with the entire community. United States Chief Technology Officer Megan Smith, First Lady Diana Rauner, Springboard Ventures founder Kay Koplovitz, uBeam founder Meredith Perry, Vosges Haut-Chocolat founder Katrina Markoff, Women Impacting Public Policy (WIPP), and Digital Citizen Fund co-founder and CEO Roya Mahboob have all recently visited 1871. 1871 has made it a point to connect with other women-led organizations such as Ms. Tech, Women Tech Founders and Lesbians Who Tech to create and host events centered around women entrepreneurs. Additionally, it was recently announced that 1871 would be the host location for Reboot Academy, an innovative organization that trains women for re-entry into the technology workforce.

“It has always been my mission to inspire and empower women entrepreneurs, “ says Vosges Haut-Chocolat founder Katrina Markoff. “The new cohort will undoubtedly help shape America’s culture, economy, and future at large.”

The members of the third WiSTEM class are:

Neurocern – Anitha Rao, MD, Co-Founder and CEO

Recordly – Anna Maikova,  Co-Founder, Yaryna Mykhyalyshyn, Co-Founder, Sintia Radu, Co-Founder

Wekaw – Angela Wang, Founder, and CEO

WeSolv – Stella Ashaolu, Founder, and CEO

ClassCrasher – Marylynne Schwartz, Founder + Ellena Berger, Co-Founder

TheSocReports – Carol Fowler, Co-Founder, and CEO

FetchFind – Jamie Migdal, Founder, and CEO

SpringFour – Rochelle Gorey, Co-Founder, and CEO

Taylored Wines – Rachel Portell, Founder, and CEO

Kaizen Health – Mindi Knebel, Founder, and CEO

VirtualKEY – Resha Shroff, Founder, and CSO

Olfactif – Tara Swords, Co-Founder, and CEO

“Women leaders have become a rising demographic in the tech community, and 1871 has worked tirelessly to build networks and opportunities for women entrepreneurs,” said Jessica Williams, WiSTEM co-facilitator. “I am excited to see how the previous cohort will be able to assist the new members.”

“It is an honor to work with and join the journey with this group of dedicated women entrepreneurs,” added Nicole Yeary, WiSTEM co-facilitator, and Ms. Tech founder and CEO. “It is inspiring to see the growth and evolution of each company and their founder throughout the sixteen weeks. There’s no better feeling than seeing our mission taking shape through our work with WiSTEM and subsequently helping entrepreneurs develop game-changing solutions to real and relevant problems.”

The design of the WiSTEM curriculum began with learning objectives that set point back three pillars: technology, community, and capital. Leadership sessions cover topics around business acumen and relationship building. Peer-to-peer learning and knowledge sharing are critical, and every week the “Cohort Confab” provides space for the entrepreneurs to ask for help with present challenges and celebrate their successes together.

When it comes to connecting to capital, the program’s focus is on pitch training and fundraising strategy.  This not only helps the entrepreneurs perfect their pitch, but also includes a parallel benefit of meeting guest judges who happen to be investors, potential advisors, and industry leaders. About technology, 1871’s existing network of expert mentors hosting workshops and office hours helps tremendously in teaching the entrepreneurs in WiSTEM the critical components of technology to hire the best tech talent and to make the best decisions when it comes to running their businesses.

“This new cohort of women will continue breaking boundaries in and around 1871, said Julie Novack, founder of PartySlate and member of the first WiSTEM cohort. “This cohort is guaranteed to create a group of women who will continue to make and reshape other women as leaders in the technology community.”

About the third WiSTEM cohort companies

Neurocern – Anitha Rao, MD

Neurocern is a dementia software solution that empowers family caregivers and hospital providers with neuroscience-based diagnostic and care solutions that are unique for each patient, resulting in improved health and lower healthcare costs.

Recordly – Anna Maikova, Yaryna Mykhyalyshyn, Sintia Radu

Recordly is an interviewing and transcription app for media professionals, that uses a smartwatch as a remote control for tracking and highlighting audio recorded on the smartphone.

Wekaw – Angela Wang

Wekaw believes nobody is happy 24/7. They are a bridging technology service which anonymously and immediately connects customers to talk to a professional of their choice.

WeSolv – Stella Ashaolu

WeSolv is a platform that engages talented professional students and companies by efficiently solving real challenges. WeSolv provides visibility and access to both the world’s leading companies and students through case competition-like Enterprise Challenges. WeSolv provides the only existing centralized network of MBA students across the nation.

ClassCrasher – Marylynne Schwartz, Ellena Berger

ClassCrasher facilitates the discovery and booking of kids’ activities by making it easy for parents to find the perfect class to fit any schedule without the hassle of monthly subscription fees or limiting participation  to only drop-in classes.

TheSocReports – Carol Fowler

TheSocReports collects and delivers social media insights on a weekly basis that are actionable so that subscribers can change their social media behavior for better results.

FetchFind – Jamie Migdal  

FetchFind is the world’s only integrated E-Learning and content marketplace for the pet industry. Courses like pet first aid, canine behavior and customer service basics turn pet enthusiasts into pet pros. Pet industry businesses also use content to train and retain staff.  

SpringFour – Rochelle Gorey

SpringFour provides B-to-B solutions for banks, nonprofits, employersor frankly any enterprise that wants to help their customers or their employees take control of their finances—to provide ready access to trusted, vetted money-saving tools and resources through customizable web-based applications.

Taylored Wines – Rachel Portell

Taylored Wines connects oenophiles with world class, limited production boutique wines via a beautifully simple and innovative marketplace. Through the vineyard-to-glass marketplace, the antiquated wine distribution model that connects consumers to the best boutique wines with a single click is streamlined.

Kaizen Health – Mindi Knebel

Kaizen’s Health technology and people connect the rideshare industry with health systems while addressing technology barriers and addressing the need for these services from a public health perspective.

VirtualKEY – Resha Shroff

VirtualKEY is the invisible doorman for your Airbnb. It is an access platform that integrates with smart locks and digital locks already available in the market with booking marketplaces like HomeAway and Airbnb. VirtualKEY automatically gets reservation details and issues access to the guest’s phone which is valid only for the duration of the stay. Accompanied with features to improve guest’s experience, VirtualKEY enables vacation rental owners, property managers and corporate housing managers to manage their business efficiently and remotely.

Olfactif – Tara Swords

Olfactif began as a niche perfume subscription service, sending curated, high-end fragrance collections to customers each month and selling the companion full bottles on the website. Other lines of business include à la carte samples for subscribers and nonsubscribers, as well as a separate men’s subscription service.

 

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Event Gallery: Inc. Magazine Debate https://1871.com/event-gallery-inc-magazine-debate/ https://1871.com/event-gallery-inc-magazine-debate/#respond Wed, 31 Aug 2016 19:54:49 +0000 http://1871.com/?p=1019777 Some say that entrepreneurs are born, not made - but is this true? Four high-powered entrepreneurs debated this idea, moderated by James Ledbetter of Inc.

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Event Gallery: AT&T Hackathon https://1871.com/event-gallery-att-hackathon/ https://1871.com/event-gallery-att-hackathon/#respond Fri, 26 Aug 2016 16:13:47 +0000 http://www.1871.com/?p=1019713 Check out some shots from last week's AT&T Mobile App Hackathon where guests worked in teams to design and develop all kinds of digital consumer solutions.

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Event Gallery: The 2nd Annual Timmy Awards https://1871.com/event-gallery-2nd-annual-timmy-awards/ https://1871.com/event-gallery-2nd-annual-timmy-awards/#respond Thu, 25 Aug 2016 16:12:03 +0000 http://www.1871.com/?p=1019711 Tech In Motion celebrated the best in Chicago's tech and entrepreneurship community, with 1871 member Peanut Butter taking First Runner-Up for Best Tech Startup!

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Event Gallery: IVY Salon Discussion w/ Mindy Mackenzie https://1871.com/event-gallery-ivy-salon-discussion-wmindy-mackenzie/ https://1871.com/event-gallery-ivy-salon-discussion-wmindy-mackenzie/#respond Tue, 23 Aug 2016 15:33:22 +0000 http://www.1871.com/?p=1019648 Author and corporate speaker Mindy Mackenzie talked vulnerability and fulfillment in the workplace, followed by book signings of The Courage Solution! Hosted by our event partner IVY Connect.

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Photos by 1871/Gregory Rothstein

 

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Don’t Talk Your Idea to Death https://1871.com/dont-talk-idea-death/ https://1871.com/dont-talk-idea-death/#respond Tue, 23 Aug 2016 00:14:34 +0000 http://www.1871.com/?p=1019667 Some of the best ideas I've ever heard from eager young entrepreneurs never seem to see the light of day. There's plenty of passion at the beginning of these conversations. The energy and enthusiasm are there. But as time passes, their interest in making it happen dissipates, momentum fades, and at that point, for many of these folks, it's on to the next great idea or "story"...

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Some of the best ideas I’ve ever heard from eager young entrepreneurs never seem to see the light of day. There’s plenty of passion at the beginning of these conversations. The energy and enthusiasm are there. But as time passes, their interest in making it happen dissipates, momentum fades, and at that point, for many of these folks, it’s on to the next great idea or “story.” Selling futures is always easier than dealing with realities. It’s also a lot cheaper and demands less work.

And, in fairness, you can only tell the same story to the same people so many times before they stop listening and you run out of breath. Passion is great, but it’s no substitute for an actual plan. Intensity is like using a lot of salt and seasoning on cheap food. It helps to hide a lack of preparation and proficiency, but it won’t change hamburger into haute cuisine.

I thought that I understood everything there was to know about this “building a business” business: the classic, emotional peaks and valleys, the constant stream of higher hurdles and repeated rejections; the internal feelings of simple embarrassment; the anxiety of disappointing friends and loved ones. And the flat-out fear of failure. But you learn something new every day in the world of startups.

One of the things you eventually learn is that spending your days talking up your ideas and what you’re gonna do is a waste of time and breath. It’s a lot like talking back to the radio or TV: it may make you feel a little better, but it doesn’t change a thing. Woulda, shoulda, coulda gets you nowhere. Talking about running with the bulls has nothing to do with getting out there in the street and scrambling for your life and limbs. It’s important to believe in your idea– if you don’t, why should anyone else? But keep in mind that you can’t win a race with your mouth.

It’s really difficult for a lot of outsiders to understand and appreciate how hard it is (and has forever been) to get a new idea funded and off the ground– especially when it’s your first time around the track– and then to keep it up, alive, and moving forward until it becomes a successful, self-sustaining and reasonably respectable business. Building a business is tough, it’s painful and it’s lonely. Nothing starts out as a great idea (whatever you might have heard from those speaking with the benefit of hindsight) and without a lot of grunt work, blocking and tackling, and perseverance; there are no brilliant achievements or overnight successes.

In fact, one of the absolutely best things about being in a massive mega-incubator like 1871 is that you have the support, the mentors and resources, the regular reassurance, and the certain knowledge that there are hundreds of people surrounding you who are struggling through the exact same process and that some of them are at least as clueless about what’s coming next as you. (See 6 Reasons to Stay in the Incubator.)

Everyone also knows that a major downside to the startup life is that there are always plenty of people (sitting safely on the sidelines) who are willing and just waiting patiently for the chance to tell you why your idea won’t work or to offer a knowing “I told you so” after the fact. Tolerating the talking turkeys and the annoying know-it-alls is such a basic part of the journey that it’s almost a given these days and since we’re primed to expect it, it’s fairly easy to develop a thick enough skin to let this stuff just roll right off your back.

But what I never really appreciated is that the backslappers and supporters and cheerleaders — the people who seem to be totally on your side — can be just as damaging and destructive in some ways as the naysayers. If you’re not careful, their compliments can inadvertently encourage you to talk your idea to death. They’re just trying to be helpful and supportive and — as friends and families go in general — they mean well and they’re pretty enthusiastic listeners, but talking to them isn’t going to move the train down the track.

There are a couple of specific reasons to watch out for this type of time and energy sink.

First, they don’t actually know anything. I understand that everyone’s a consumer and a creator today and also an expert on new businesses, but here’s the thing about cheap applause: it’s okay to enjoy it just as long as you don’t quite believe it. Novices add nothing but noise to the critical conversations.

Second, there’s an infinite demand for the unavailable and people will tell you all day long that they’d be happy to buy your product or service “if only”– and here you can you can fill-in-the -blank. If only it came in a different size or color or it ran on Android or the batteries lasted forever. Boosters are miles away from buyers and, especially for a startup, only customers ultimately matter.

Third, these kinds of constant conversations really keep you in the dark. You can’t learn anything of consequence from anyone but a customer. In the long run, hearing the good and bad news right from the horse’s mouth is the only way to go. The upside of hearing the often painful truth is a lot greater than the comfort of remaining blissfully ignorant of the facts.

Bottom line. If you don’t break out of the bubble of babble and blandishments, and get busy in the real world, you can quickly run out of gas and oxygen and talk yourself out of business.

Walt Disney said it best a long, long time ago: “The way to get started is to quit talking and start doing.” If it worked out that well for that scrawny little mouse; just imagine what it can do for you.

To view the original article, visit http://www.inc.com/howard-tullman/dont-talk-your-idea-to-death.html


About the Author

Howard A. Tullman, CEO, 1871

Howard Tullman has over 45 years of start-up, management, IPO and turn-around experience and an extensive operations background in web development, online services, large-scale information assembly and delivery systems, database design and implementation and the development, creation and production of all types and formats of multimedia, computer games and audio/video digital content. He has designed and developed GUI and natural user interfaces, interactive and immersive games and instruction systems and other electronic entertainments, training products and services, as well as other information-based products and services in a variety of fields including automotive, insurance, CRM, employment, real estate, consumer goods and social media.

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