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March 27th, 2014

March 27th, 2014

Tennessee Innovation in the News

Press Release: Tennessee Ag Innovation Startups to Present at Upcoming National Venture Capital Events
Two startup companies that participated in the NextFarm Agricultural Innovation Accelerator have been selected to present at two nationally recognized venture forums to seek investment into their companies. “These companies highlight the potential of agricultural innovation companies in Tennessee and the growing reputation of NextFarm among national players in ag investment,” Carol Reed, Executive Director of Northwest Tennessee Entrepreneur Center which is one of the partners in NextFarm. The two companies that will be presenting to investors are Climate Adaptive Genetics and Stony Creek Colors.

Event: Emerge 2020 hosted by Emerge Memphis
Please join us Thursday, April 10th from 5-7pm for an informal cocktail hour at Emerge Memphis as we take a look forward. Members, patrons and new friends are invited for a first look at how their support will further Emerge as the leading incubator for the Mid-South startup community into the year 2020. CEO, Carlton Crothers will be recognizing the contributions of current Friends of Emerge and past sponsors, debuting the refreshed Emerge logo, and unveiling plans for the years ahead. Please join us in bringing the future of Emerge Memphis into focus.

Times Free Press: Flush with cash, Lamp Post plots road ahead
That journey got a first-class upgrade with this week’s windfall at one of Chattanooga’s emerging investment groups. The cascade of cash generated by the sale of logistics steamroller Access America for hundreds of millions of dollars could ripple through Chattanooga’s fledgling startup community, funneling new investments through the venture incubator known as the Lamp Post Group. The three millionaire founders of Access America — Ted Alling, Barry Large and Allan Davis, all graduates of Birmingham, Ala.-based Samford University — make up half of Lamp Post’s board, an investment group that trades working space, back-office support and early-stage funding to promising business startups in exchange for a 20 percent ownership stake. Access America’s three partners, all of whom are in their mid 30s and say they have no plans to quit the business, are sitting on a mountain of liquid capital estimated in the tens of millions of dollars, which they plan to invest in the Scenic City.

Southern Alpha: The Average Valuations of Every Major Southern City
Nashville: 3.3 Million – Startup to watch: Populr.me (Data from AngelList)

National Innovation in the News

Inc.: 7 Things You Need to Know Today
This has been the best quarter for global IPOs since 2011, both in terms of sheer number of IPOs and capital raised, notes a quarterly report from EY. Energy, technology, and real estate entrepreneurs, your industries were the three leading sectors….Forbes released its 2014 Midas List of the world’s top venture investors. Sequoia Capital’s Jim Goetz, whose investment in WhatsApp turned into $3 billion worth of Facebook stock for his firm, tops the list of VCs whose endorsement is a pretty good indicator of a startup’s future success.

Entrepreneur: Want to Succeed at a Startup? Focus on These 5 Qualities.
Working at a startup isn’t all ping-pong tables and free food. Though table tennis skills may help you stand out in the crowd, there are certain key qualities that will set you up for success in the startup world regardless of your level of experience or area of interest. Here are five key qualities for success at a startup. These tips will help you not just land the job, but become a driver of your company’s success.

Forbes: Mastering The Balance Sheet Can Make Or Break A Startup
In the case of bringing a first-time startup CEO up to speed on the financial responsibilities of a nascent company, one absolutely essential ingredient has been left out of the winner’s experience in a large multi-national company (MNC): That key ingredient is managing the balance sheet…So why is the forgotten financial statement in large MNCs so important for startups? Because they are not generating profits and free cash flow in their early days. They’re burning through cash and accumulating losses (negative shareholder equity) in their early days as they seek Product Market Fit, increasing sales, and cash-flow breakeven.

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