Today’s “Startup blog” – the first in a regular addition to WRALTechWire’s lineup – focuses on Triangle and NC startups, an IPO update, and a kickstarter success. Check out details about Square 1 Bank, NC IDEA’s application deadline, CED’s fund-raising series, Mohu’s kickstarter success, and a mentoring program from Up Global NEXT.
The Sartup blog will consist of news from a variety of sources, its goal being to make sure more news about the Triangle and North Carolina entrepreneurial ecosystem is made available to the widest possible audience.
So here we go with five stories you need to know about:
- Square 1 Updates Jump in profit
DURHAM – Square 1 Bank has updated its IPO filing at the SEC with news that its net income jumped 57 percent in 2013.
David Ranii at The News and Observer has the details.
Square 1 is planning to raise $57.5 million and would be the latest in a series of Triangle area firms to take the IPO route over the past 15 months.
- NC IDEA Grant Application Deadline Is March 7
DURHAM – If you are a startup interesting in seeking a non-dilutive grant up to $50,000 from economic development group NC IDEA, you are about out of time.
Here’s the update:
“NC IDEA is seeking grant applications from NC-based entrepreneurs and startups, and those looking to locate to North Carolina, for its Spring 2014 grant cycle. Companies focused on software, information technology, medical devices or materials sciences are encouraged to apply no later than 11:59pm this Friday, March 7th.”
Get more information at the NC IDEA website.
- CED’s Raising the Dough Series
RESEARCH TRIANGLE PARK – The CED will host a two-part series for startups seeking to learn more about how to raise money from investors.
The “Raising the Dough” program is set for March 11 and 18 at the RTP Foundation headquarters.
“We’ve planned an event that you won’t want to miss with some of the area’s most successful entrepreneurs and investors. Plus, you’ll get individualized feedback on becoming more investor ready,” CED says.
Tuesday, March 11
3:00pm Venture Funding 101: John Austin, Groundwork Labs
3:30pm Bootstrapping: Joe Colopy, CEO & Founder, Bronto Software
4:00pm Crowdfunding: What, Why, and How? Freeman White, CEO and Founder, Launcht; Mark Easley, NC Jobs Act; Steve Reaser, trinket.io
5:00pm Early-Stage Investor Perspectives: Elaine Bolle, RTP Capital; Lister Delgado, IDEA Fund Partners; David Gardner, Angel Investor; Alex Osadzinski, Angel Investor; Bill Spruill, Triangle Angel Partners; Steve Vanderwoude, Madison River Ventures
6:00pm An Entrepreneur’s Perspective on Raising Capital
7:00pm Networking Reception
Tuesday, March 18
3:00pm CEO Lessons Learned: Raising Capital: Tony Atti, Phononic; Robbie Allen, Automated Insights; Brendan Morrissey, Netsertive
4:00pm Why Valuation Isn’t the Only Thing to Negotiate! Led by Justyn Kasierski and Scott Bryant, Hutchison PLLC
5:00pm Fundability Assessments
5:30pm Coaching Roundtables: Robbie Allen, Automated Insights; Tony Atti, Phononic; John Austin, Groundwork Labs; Elaine Bolle, RTP Capital; Jan Davis, Triangle Angel Partners, Lister Delgado, IDEA Fund Partners; John Fahlberg, David Gardner, VenueGen; Gary Hayes, TAP; David Jones, Bull City Venture Partners; Alex Osadinski, Angel Investor; Steve Reaser, trinket.io
Register at CED’s website.
- Raleigh Startup Mohu Cashes in on Kickstarter
RALEIGH – Mohu, the HD antenna technology startup in Raleigh, is growing its business with a kickstarter campaign that’s nearly doubled expectations.
Triangle Business Journal’s Lauren Ohnesorge reports that Mohu has pulled in more than $68,000. And it’s goal was $35,000.
Check out Ohnesorge’s report online.
- Mentoring Program Coming in April
DURHAM – The Up Global NEXT mentoring program for startups gets underway next month.
Sessions will cover five weeks.
John Austin of Groundwork Labs and Mital Patel at Triangle Business Law are leading the session.
The Herald Sun has more details.