The Skinny blog is written by Rick Smith, editor and co-founder of WRAL Tech Wire and business editor of WRAL.com.
DURHAM, N.C. – Arcrametrics is focused on “big data” and made the biggest pitch of the day.
The founders are looking for $1 million.
They believe their patent-pending platform will bridge the gap between regulated data, such as charge card customer information, and demographics.
Arametrics already has a partner, has pilot programs underway and has been vetted by an unidentified “financial services providers” it describes as “one of the world’s largest.”
Over 14 months, their platform was declared “compliant.”
A very impressive group of presentations overall. More later.
Rick Cecil is on stage pitching Ruzuku, which aims to help people teach what they know to others online – simply, inexpensively and effectively.
He and partner Aby Crystal aim to “lead the charge” with an initial focus on the self-help market that they estimate at $11 billion a year.
Ruzuku promises a “simplier, powerful way of teaching online,” Cecil said.
To investors, he added: Join us.”
Best slogan of Pitch Day so far comes from RxAnalytics: “The science behind sweat.”
The startup has built a platform designed to bring analytics to the masses, not just enterprise users.
Their initial target: CrossFit fitness fanatics.
For a monthly fee, RxAnalytics analyzes daily workouts to help their users understand what they need and how they are performing.
RxAnalytics is seeking $500,000 and to make five hires.
Very impressive pitch from Entasso, which has developed a platform to match college graduates with potential employers.
This technology goes far, far beyond resumes. There are 4 million jobs in this country that are unfilled, one major reason being the inability of companies to find and secure the talent they need.
Entasso believes it has a solution to filling thousands of those jobs – if not more.
Entasso is a talent market platform that matches recent college graduates with entry-level positions. Through a marketplace of games and quizzes, Entasso assesses graduates’ skills/interests and then matches those graduates to the companies’ positions with the same attributes.
Berst is on stage … and demonstrating how “it connects us all right now.”
Berst is a mobile app that makes it really easy to connect around a moment, a time, and a place. Our lives are a series of events and Berst uses your location as the primary means of sharing your thoughts and photos with others.
The goal is to put users “just all there.”
They see a “tipping point in the near future, and they are looking for events to demo it.
No specific capital requirements spelled out.
Archive Social is seeking $550,000 and wants to hire four people right away as it formally launches the social media archiving venture.
Anil Chawla, the founder and a 2004 graduate of Georgia Tech, drew huge applause after making his “pitch.”
He said something investors always like:
“Archive Social will be dominant.”
Thursday already has been a great day for Chawla. His firm earlier was announced as recipient of an NC IDEA grant.
That kind of validation also is sweet news to venture capitalists and angel investors.
BTW, Chawla also is a former IBMer.
The six “graduates” will make pitches on stage, each getting 6 to 8 minutes to – hopefully – impress potential investors.
The most crucial part of the day comes later when the startups huddle for lunch with potential investors.
A huge crowd has gathered in Bay 7 at the American Tobacco Complex for the Triangle Startup Factory’s “Pitch Day.” Investors, other entrepreneurs and a host of service providers are gathered to hear what the six ‘graduates” from the technology accelerator have to say about their emerging ventures.
The new ventures have been busily preparing for their “pitches,” fining tuning their remarks. Some have donned t-shirts touting names and products.
The Skinny will be posting live from the event. Check back for more details.
“We are thrilled to help launch these six companies and 19 entrepreneurs out into the world”, say Chris Heivly and Dave Neal, the managing directors with Triangle Startup Factory.
Each of the firms secured $50,000 in funding from Triangle Startup Factory as well as office space, other resources and extensive mentoring over the past three months.
The graduates, with information provided by Heivly and Neal:
- Arcametrics provides business intelligence solutions for privacy-regulated industries like healthcare, financial services, and insurance. Its data correlation platform enables companies to use big data creatively and effectively to build comprehensive views of their consumers and markets without risking their reputations or violating privacy legislation.
- ArchiveSocial enables businesses to automatically preserve records of their social media activity for legal and compliance needs. It is a self-service solution designed to allow any organization to automate business-grade record keeping of their Facebook, Twitter, and LinkedIn profiles in a matter of minutes.
- Berst is a mobile app that makes it really easy to connect around a moment, a time, and a place. Our lives are a series of events and Berst uses your location as the primary means of sharing your thoughts and photos with others.
- Entasso is a talent market platform that matches recent college graduates with entry-level positions. Through a marketplace of games and quizzes, Entasso assesses graduates’ skills/interests and then matches those graduates to the companies’ positions with the same attributes.
- Ruzuku makes it ridiculously easy for bloggers, authors, coaches, speakers, and other passionate experts to create engaging online courses and learning communities.
- RxAnalytics identifies distinct drivers of health and fitness in individuals and provides them an actionable blueprint to achieve their goals.