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ITEN Newsletters

May 2010 Newsletter

ITEN Newsletters

ITEN Newsletter- 3 (May 2010)
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WELCOME TO THE INFORMATION TECHNOLOGY  ENTREPRENEUR NETWORK
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Company Spotlight

Parameter Security, an ethical hacking firm, was born out of the need to help protect our businesses, government, health care, financial and educational institutions as well as various organizations nationwide from vicious hackers. As Certified Ethical Hackers, Parameter Security emulates the minds and motives of malicious attackers to test the security of your network and your employees.

In order to beat a hacker, you have to think like one. With this philosophy in mind, Parameter Security offers a vast array of hacking and offensive security services. Services range from network hacking services to human hacking services, offensive security training to computer forensics, compliance and more. Some of our many services include: network penetration audits, vulnerability assessments, wireless network audits, website security assessments, code reviews, social engineering, security awareness training, and various compliance audits.

Since Parameter Security's inception in December 2006, Parameter Security has received local, national and international media coverage including: Associated Press, CIO Magazine, Information Security Magazine, Computer World, Entrepreneur Magazine, Popular Science, St. Louis Business Journal and the St. Louis Post-Dispatch - just to name a few.

In 2008, Parameter Security's owners, Dave & Renee Chronister, received the Top Young Entrepreneur of the Year Award from St. Louis Small Business Monthly.

2009 kicked off with an invitation-only meeting with Governor Jay Nixon in his chambers immediately following his inauguration. During his first gubernatorial meeting as Governor, Parameter Security, along with a handful of other entrepreneurs, discussed how to improve the economic climate by starting at home. Economic discussions included access to capital, employee training and operations expansion within the state of Missouri.

So far 2010 has brought Parameter Security unique opportunities such as providing IT security training to U.S. military troops in Qatar and Germany - expanding Parameter's presence into a total of three international countries - Australia being the third.

Parameter Security's future is full of endless opportunities. Based on recent requests from clients, Parameter Security has developed vulnerability management software called Ballista. This SaaS was created by our hackers and provides 24/7 network security services such as identification of real-time vulnerabilities, automatic patch management, verification of compliance requirements and more.

Topic of the Month
What Am I Missing
Jim Brasunas
Director, ITEN
As the Director of ITEN, I am very fortunate to have a unique vantage point from which to view the emerging tech start-up scene here in the 'Lou.   I get to meet with a bunch of new start-ups nearly every month, I see companies doing their investor pitch to our Mock Angel group, I attend the Arch Angel meetings and see those presentations, and every day I have the opportunity to communicate with investors, mentors, and many different folks thinking about starting something new or interested in participating in ITEN in some way.

All of the new companies that are being formed naturally seek ways to maximize the chances for success for their new venture, and many of them are hoping to get investor dollars to help them grow bigger, better and faster.  I've written here (see my earlier blogs below), and countless others have written more eloquently than I about some of the basic "must haves" for a successful venture: a venture that can execute successfully and can attract other people's money.

One of those must-haves is credible (read: experienced) management.  I've had many investors tell me they'd sooner invest in a mediocre idea lead by a great team, than a great idea that has a mediocre team in charge.  Investors are very reluctant to put their money into a new entrepreneur's on-the-job training program, there's just too much extra risk.  Knowing how to build a successful company is not a skill we're born with; it's a learned skill, and a tough one to learn at that.   Sure, there are stories about first-time entrepreneurs getting a couple of million dollars and going on to fame and fortune, just like there are stories about high school kids playing ball in the park and soon starring in the NBA.  Good luck betting on that scenario!

So how can ITEN help an entrepreneur with not enough past management experience get over this funding hurtle and get their venture off and running?  Read More...

New Business Partner

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Press Release
1. Datotel To Provide Ten IT Entrepreneur Network Companies Free Cloud-Computing

Datotel, LLC, a state-of-the-art cloud-computing and colocation provider, is unveiling a program to provide more than $120,000 of free cloud-computing services in 10 IT Entrepreneur Network (ITEN) member companies. Each company will be eligible for $1,000 per month of Datotel's cloud-computing services for free for a total investment of $120,000 into the ITEN network of companies and St. Louis community.

To see the full Datotel/ITEN press release click Here

For more information on the program, including how to apply, visit www.datotel.com/iten.php
2. Arch Angels Make Donation to ITEN
The St. Louis Arch Angels (www.stlouisarchangels.angelgroups.net) have made a $7500 donation, via Innovate St. Louis, for the support of ITEN.   The Arch Angels are the premier angel investment group in the St. Louis region and have put money into many local tech deals, including a number of early-stage IT companies. ITEN has developed a close working relationship with the Arch Angels, primarily through our Mock Angel program.  Companies that graduate from ITEN's Mock Angel program are referred to the Arch Angels for investment consideration.
Mentor Spotlight
Why Do I Mentor
Jeff Zimmerman
VP of Product Management of Clearent
ITEN Mentor

 

In 2006, I was planning to move back to St. Louis after living in the San Francisco Bay Area for 12 years (I just couldn't live without toasted ravioli and Lion's Choice anymore). Searching for technology companies in St. Louis was a tremendous challenge. I knew that St. Louis was not Silicon Valley, but I was surprised to learn that technology companies were so few and hard to find. Today, this dynamic is changing due in large part to ITEN.

My name is Jeff Zimmerman, but you may know me as "Help Me Choose" because I lead a team of ITEN mentors which manages the "Help Me Choose" feature on the ITEN web site. I also participate in the Mock Angel program.

My interest in technology and early stage companies was ignited in my first job after college as an investment banker. I worked on the initial public offering of PSINet, one of the first Internet service providers. Netscape had not even gone public yet, so most people had never heard of the Internet. After that experience, I joined the technology group at my firm and have worked in technology ever since.

I later joined the finance group of an enterprise software company, but I soon wanted to get closer to the product. This desire led me to Stanford Business School and a career in product management. I spent several years in product management at Intuit (makers of Quicken, QuickBooks and TurboTax) where I developed my passion for creating products that "wow" customers. Between Intuit and my current role at Clearent, I led product management for MonsterCommerce, a provider of e-commerce and online marketing services (now part of Network Solutions).

I mentor for ITEN because I want to see the technology industry grow in St. Louis, and I believe that ITEN is a key driver of that growth. ITEN is helping to build the community of people who are passionate about startups and technology. ITEN facilitates the connections among startups, entrepreneurs, mentors, employees and investors. This community will help more startups mature into successful businesses, and I am excited to be part of it.

Jeff Zimmerman is the Vice President of Product Management of Clearent. Clearent is a merchant acquirer and payment processor whose proprietary technology gives financial institutions, ISOs and merchants easy-to-understand reporting and a clear view into all merchant services costs.

Sponsor Spotlight

Greensfelder, Hemker and Gale, PC is this month's featured ITEN sponsor.
Spencer Garland, a lawyer with Greensfelder, is also a mentor in the ITEN network.  He's an Officer in, and serves as Manager of, the Intellectual Property and Technology Transactions Practice Groups.  He also is a member of the Corporate Practice Group . His practice focuses on representing and advising companies and individuals in intellectual property, technology and corporate matters.
About Greensfelder:   "If the idea of innovation in a law firm sounds out of place, you don't know Greensfelder..."
Their law firm focuses on comprehensively addressing the legal needs of business organizations, whether private or public, in all sizes and industries. Greensfelder attorneys bring practice skills and experience to support business operations across the full range of legal needs.
They have a rich history representing clients who have an entrepreneurial spirit - they have fashioned their law firm in the same entrepreneurial spirit. It's in this spirit they utilize innovative solutions to meet their clients' needs
.
Three Statistics to Live by
For anyone who is interested in what's happening to media and generally to our lives as they migrate online (and that should be all of us), a very helpful guide is the Pew Center for American Life. For the last 10 years, the Pew Internet and American Life Project has been tracking the trends that speak to just how much the Web has influenced the everyday.

Here are three stats that speak neatly to our three-pillar philosophy of search, social and digital PR:

  1. On a typical day, 61% of Americans get news online, which puts the Internet just behind television as a news source and ahead of newspapers.
  2. 57% of adults who are online use social network sites.
  3. Nearly 90% of online adults rely on search engines to find news and information.

Read More

 

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ITEN Newsletter

ITEN Newsletters

ITEN's Monthly Newsletters go out to more than 4500 entrepreneurs, mentors, investors, and other technology professionals.   If you have something for the Newsletter, please contact us.

Read the newsletter:

Newsletter -1 March, 2010

 

 

March 2010 Newsletter

ITEN Newsletters

WELCOME TO THE INFORMATION TECHNOLOGY  ENTREPRENEUR NETWORK
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Mentor Spotlight

Brian Posnanski is an ITEN mentor and the founder and principal of Traffic PRM, an interactive PR agency. A veteran public relations consultant with more than 15 years of experience working for brands large and small, Mr. Posnanski is well-versed in strategic communications planning, marketing public relations and reputation management.

 

Mr. Posnanski's experience extends across several industries, including automotive, retail, digital media, direct marketing and telecommunications. Among the key programs he has had the privilege to work on are Motor Trend's Car of the Year awards, the launch of the pioneering digital music service SpiralFrog, the launch of Southwestern Bell's dial-up and high-speed Internet services, and the re-introduction of Cessna's single-engine aircraft. He also has worked for an array of private and emerging companies, including St. Louis-based Jerome Group, which he helped position as a leading 1to1 marketing and digital printing specialist prior to the company's acquisition by Fiserv Corp.

 

Mr. Posnanski founded Traffic PRM to help clients benefit from the emerging integration of social media and SEO with traditional public relations. Mr. Posnanski also serves as senior vice president of Gravitas Communications, a strategic communications firm based in New York City. At Gravitas, he has helped build a technology and media practice that serves major technology companies and media properties, including Source Interlink Media.

 

Mr. Posnanski began his career at the St. Louis headquarters of Fleishman-Hillard and worked for many of the firm's flagship clients, including SBC Communications (now AT&T), Dell, Caterpillar, Boatmen's Bancshares (now Bank of America) and Textron. From 1997 to 1999, Mr. Posnanski served as a spokesperson at SBC's corporate headquarters in San Antonio, helping to manage media relations for corporate announcements, mergers and acquisitions, regulatory affairs and product marketing.

 

 

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Event Highlight

ITEN teamed up with a new organization called the Missouri Association for Technology Advancement www.matatech.org to put on the first ever St. Louis Innovation Camp February 26-28.  The event was held at UMSL's JC Penny Conference Center with close to 100 attendees learning about all aspects of starting a successful technology company.   Many of ITEN's mentors along with other knowledgeable professionals from the community gave presentations and led workshops all aimed at educating the emerging entrepreneur.  The Camp was organized into five differently focused education tracks, with attendees able to choose each hour which of five different presentations to attend.  Brian Blanchard, founder of MATATech, acted as the MC of the three-day event.  There was a lot of energy and excitement during the 3-day Camp and all feedback from participants has been extremely positive. "The Innovation Camp has exceeded expectations in almost every respect, and everyone seems pumped up, not wanting to wait until the next one," said Blanchard.

The final day of the Camp was devoted to specialized workshops followed by a business plan competition.   During one of the workshops focused on legal issues involved in company formation, a number of new tech start-ups were incorporated on the spot.   The business plan competition on the final day was won by Twaitter, recently renamed Gremln.  Gremln was judged by the audience to exceed all other entries in the three areas of evaluation:  innovation, likelihood of being viral, and chances for a significant exit.   The other finalists, including Olin Cup winner Quartzy were honored for their plans and welcomed into ITEN.

We intend to begin planning the next Innovation Camp very soon and hope to produce one at least once a year if not more often.   Check the Events page at the ITEN website (www.itenstl.org/events) for dates and location of the next Innovation Camp, as well as other ITEN events.

 
Company Spotlight
 

LockerDome is a networking platform for amateur sports.  Founded a couple years ago by Gabe Lozano and Yomi Toba here in St. Louis, their vision is to become the standard platform for the distribution of amateur sports information.

 

In 2010 LockerDome has burst onto the national baseball scene by landing many of the top talent-laden baseball programs in the country, over 20 of which are considered national powerhouses.  LockerDome's largest customer, ABD Academy, consists of 42 teams with over 650 players ranging from the ages of 8 to 18.  Recognized as one of the top couple programs in the country, ABD Academy has had over 75 players drafted in the Major League Baseball Draft during the past 5 years.

 

LockerDome's platform is made up of 2 layers, a bottom layer and a top layer. 

The bottom layer contains networking websites where players, coaches, and parents create profiles, manage their teams, and interact through social media.  Athletic programs pay for their own private networks on this layer.  There are additionally public networks that anyone can join for free.  The top layer aggregates the data that users created in their networks and centrally publishes it through ESPN-like media portals.  The ESPN-like media portals will be launching within a few months.

 

After raising its first outside capital in 2008, LockerDome closed on an additional small financing round earlier this year.  Throughout 2010 they are looking to add new members to both their business and technical teams, as they prepare for expansion into other sports, such as football and soccer.

 
Gabe lozano is the founder of LockerDome
Topic of the Month 

5 PR Rules for a Changing Media Landscape

Brian Posnanski

Principal, TrafficPRM

 

Getting startup and emerging companies on the public radar has never been easy, but the migration of our collective attention span from traditional media to the Web is changing the public relations picture for the better. According to The Pew Research Center and the Project for Excellence in Journalism, the Internet has now surpassed newspapers and radio as a primary news source. In fact, the explosion of online content-via blogs, social networks, new online media outlets, video portals and other venues-is coming not just from traditional media companies, but from individuals and organizations from every walk of life. It is a development that invites an entirely new way of thinking about how young companies can get out their message and amplify their brand. 

 

Following are five PR rules designed to help emerging companies take advantage of this new media landscape:

 

Focus on niche media, not mass media.

 

The balance of power is shifting away from media conglomerates to just about anyone. All you need is a PC and the blogging platform of your choice to publish whatever you want. In the technology realm, professional macroblogs like TechCrunch, Mashable and PaidContent have quickly risen to challenge old guard media such as CNET, Wired and others. For every traditional trade journal, there is a blog, news site or forum gunning for their audience. What you need to know is this: whatever your industry, there is someone out there covering it online. Your job is to find them. The PR mistake many companies make is to focus on prestige over effectiveness. workdigital, a UK-based job search site was surprised to find that a story in The New York Times generated a few dozen visitors to their site, while a story in TechCrunch generated more than 10,000. 

 

Take control of your content.

[full post]
Sponsor Spotlight

 

Contegix is a technology firm known for delivering exceptional customer service and infrastructure intelligence. Our dedicated staff of engineers provide solid solutions to complex business challenges in the areas of hosting, cloud computing, co-location and infrastructure management services. Founded in 2004, Contegix was listed as the Linux Journal's Reader's Choice Award for Favorite Linux-Friendly Web-Hosting Company, and has built a solid industry reputation entirely based on delivering peace of mind to our valued clients. 

 

Contegix was co-founded by Matthew Porter, who maintains active involvement in all major efforts in the company from technology choices to continuously driving the values of Contegix, especially its passionate support.  In 2007, Porter was distinguished as a "30 Under 30" for the Saint Louis area. He serves as a board member for EO (Entrepreneurs Organization) Saint Louis where he coaches and mentors early-stage entrepreneurs. In addition, Porter currently sits on the Advisory Board for a select number of startups.

Contegix hosts the ITEN website.  "Ever since our site was migrated to Contegix, we have had no issues or problems whatsoever.  They are a very professional organization and a pleasure to work with," says Jim Brasunas, ITEN Director.
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