Chattanooga Times Free Press
Mozilla Foundation has partnered with The Company Lab to host 48Hour Launch, the startup competition that helped Quickcue get going. The weekend-long event, Sept. 9-11, will focus on the Internet of Things, or IoT. Applications are being accepted through Aug. 29. As the competition’s name implies, teams will have two days — 48 hours — to turn business concepts into viable business models or prototypes. Preference will be given to concepts that involve learning.
I’ve been talking about the Musical.ly app and how I have been watching its progression for quite some time now. If you don’t know, Musical.ly allows you to make short 15-second videos of yourself lip-syncing to popular music and audio bites. Think about it as a mashup of Vine, Snapchat and DubSmash. If you are following what is happening with 7- to 16-year-olds in America, this app has been steadily growing in popularity, and it is not showing signs of slowing down.
Its name — Skuid (pronounced just like “squid”) — may look a bit weird, but the Chattanooga-based technology company is growing by leaps and bounds for a good reason — it is solving a big pain point for its customers. Ken McElrath, Co-Founder and Chief Executive Officer, says the three-year oldcompany has more than 550 customers around the world, has more than doubled its workforce since the beginning of 2016, and expects that number to triple by the end of the year.
The Commercial Appeal
Twelve firms in metropolitan Memphis appear in business magazine Inc.’s current list of the 5,000 fastest-growing private U.S. companies. Among the Memphis-area firms, A1 Diabetes and Medical Supply ranked highest on the list with 604 percent annual growth, placing it at No. 643 in the country. Annual sales totaled $9.4 million. See the full list here.
A study being unveiled this morning by researchers at Brookings says Middle Tennessee’s health information technology sector has a chance to play a crucial role in the future of health care as the industry becomes increasingly technology-driven. But that opportunity will require some major investments in talent and knowledge sharing to bear fruit. The report, called “Health Care Capital to Innovation Hub: Positioning Nashville as a Leader in Health IT,” notes Nashville’s health care services infrastructure gives it huge advantages should it set out to substantially expand its health IT sector.
Venture Nashville Connections
Thirteen years ago, Co-Founder Clint Smith told this reporter that by February 2003 the company had signed 30 users for its then-fledgling Emma email platform, with all or most of those customers based here in the Nashville area. Just eight months later, in October 2003, Smith said the startup that he co-founded with Will Weaver had grown to roughly 250 customers, in 30 U.S. states and at least six other nations. Emma’s annual revenue is now “north of $20 million” and it has “roughly 170” on staff, Smith told Venture Nashville Aug. 16. The Emma platform is used by more than 50,000 organizations large and small, at home and abroad. In a 2013 story, The New York Times said Emma revenue that year would be about $16MM, up from more than $10MM in 2010.
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