TENNESSEE INNOVATION IN THE NEWS
Angel Capital Group, RAIN Source Capital Combine Businesses
They did not know each other before meeting about a year ago, but Eric Dobson and Steve Mercil have now combined the businesses they lead with a goal of further accelerating angel capital availability across the country. Dobson, a well-known leader in Knoxville’s entrepreneurial ecosystem, is Chief Executive Officer (CEO) of Angel Capital Group (ACG), a position he assumed in September 2013. Mercil, who has spent three decades helping secure financing for businesses, is CEO of RAIN Source Capital based in Minneapolis, MN.
Chattanooga Acquires Cutting-Edge Computer Facility, Joins Smart City Network
The University of Tennessee at Chattanooga announced on Tuesday
that it has added a cutting-edge computing resource to its campus network that will benefit both campus researchers and subscribers to the EPB Fiber Optics network. In partnership with The Enterprise Center and US Ignite, UTC has acquired and activated a GENI rack. The GENI rack (i.e., Global
Environment for Network Innovations) is linked with similar racks in 60 other leading universities in smart cities in the U.S. and internationally. The racks act collectively as a programmable nervous system for researching and deploying the next generation of the Internet and cloud computing.
Launch TN’s 36|86 Conference Adds Piedmonte, Ruxin
Anthony Piedmonte (Bon Jovi Management), Om Malik(True Ventures, Gigaom), Geri Stengel (Forbes
), Andy Weissman (Union Square Ventures), and Marc Ruxin (Rdio), have been added to the lineup for 36|86, LaunchTN’s flagship event focusing on southern culture, entrepreneurship and investment. The 36|86 conference will take place June 8
at Marathon Music Works in Nashville. During the conference, 36 southeastern startup businesses will for a $36,000 grand prize.
Ooltewah’s Undercover Hostess Ready to Make a Party Sparkle
Chattanooga Times Free Press
Ooltewah’s Undercover Hostess owner Erin Walker puts together Pinterest-style parties on a weekly basis. “I always enjoyed planning parties,” said Walker. “If you want to throw that cute little Pinterest party where it looks like you put effort in, then we can save you time and money.” Walker noticed a business similar to hers on the TV Show “Shark Tank,” but that business charges $500 per package and she charges $200 per package, she said. “We don’t have direct competition around here,” said Walker. “It’s uncharted territory.”
Q&A with Chris Sloan: Basics of SEC Reporting
All too often, SEC reporting can be quite confusing, especially for an early-stage founder who wishes to raise seed capital. It’s almost impossible to figure out exactly who is actively investing. When a company doesn’t have to disclose information to the SEC, other early-stage founders can’t tell what happened. It’s easy to understand frustrations of founders researching ways to have access to capital. In this week’s Q&A, Chris Sloan, co-chair of the business technology team at Baker Donelson explains the very basics to SEC reporting. He specifically explains when a company has to report activity versus when they don’t.
Society of Work to Host Community Conversation Series
Downtown collaborative workspace Society of Work is launching a new series that will virtually connect locals with business leaders from around the country. “We are purposely choosing to get insight from some of the best and brightest people outside of Chattanooga on the changing work world so that Chattanoogans are exposed to ideas that may not be typical to their landscape,” Society of Work founder Kelly Fitzgerald said via email. The series—which is called Future of Work and is the product of a collaboration between Society of Work, The Company Lab and First Tennessee Bank—is a community conversation that allows area professionals to participate in question-and-answer sessions with the speakers. The format might evolve as the series continues.