06.04.15 | mwithers
Have you figured out how to build, make and sell something that customers pay for... but know it could be MUCH bigger with the right resources?  RevUp by Betaspring is accepting applications NOW. Our model is a little different—unlike many accelerators, we accept companies on a rolling basis. For our next session, we'll invest in and accelerate in 6-8 companies between June and January 2016. For each company we accelerate, programming and investment begins on the day that we begin working with you. It ends three months later when we celebrate your mind blowing accomplishments.  In addition to working with companies on a rolling basis, here's how RevUp is unique: --We work with companies that are already generating revenue.--We don’t take equity. RevUp gets a return as revenue scales.--We aren’t unicorn hunters. Our model doesn’t depend on exits. This expands the type...
08.17.15 | mwithers
Betaspring alum Hannah Chung and Aaron Horowitz are no strangers when it comes to stealing the show at a demo day--the two are seasoned pros at telling a killer story about their company, Sproutel. But the dynamic duo went next level earlier this month when they wowed President Barack Obama with their story. On August 4, The White House hosted its first startup Demo Day, where top entrepreneurs from across the country vied for the chance to present their startup to Commander-in-Chief. I won’t waste time trying to describe the encounter--watch it yourself because it’s a super fun clip. Sproutel, and their flagship product Jerry the Bear, was one of 32 companies selected to wow POTUS with their achievements. Jerry the Bear first came to market last year as a tool for children with Type I diabetes to understand and cope with the realities of their disease. Jerry, a snuggly plush bear,...
06.02.15 | mwithers
Bye-bye equity. So long unicorn hunting. Say hello to RevUp, the next evolution in Betaspring’s mission to build better companies.  RevUp by Betaspring is the first accelerator for “revenue-first” companies—ventures where growth through revenue is the primary goal. RevUp companies receive $75,000 in investment and immersion in a three-month program focused on increasing customer acquisition and revenue. Unlike most accelerators, RevUp does not take equity. Instead, companies return the investment as a percentage of revenue over a 36-month period. Ready to learn more? Check it out on the RevUp website. In working with hundreds of startups, we have seen the missed opportunities that the obsession with exits can produce. Today’s definition of ‘venture-scale’ ignores many companies that have the potential to be profitable and impact the world in major ways. RevUp is...
05.05.15 | mwithers
What feels better than closing a round? Not much! Congrats to alum Modelo on closing a $1M Seed round that will enable the venture to take their 3D design management platform to the next level.  If you haven’t seen it, Modelo is like “GitHub for designers,” allowing architects, industrial designers, and 3D artists to visualize and manage their design projects online and in real-time. This makes it possible for teams who collaborate around a design—a building plan or a product for manufacturing, for example—to instantly and easily offer feedback without having to jump back and forth between tools or design environments. Modelo currently has 1500+ designers using the beta version. Most importantly, when Modelo users comment on a 3D objects, the feedback gets tagged to a specific “place” on the model, making it crystal clear what component a commentor is addressing. The platform also...
04.24.15 | mwithers
Are you on the East Coast this June? Then check out the Nantucket Conference on June 4-6--it's one of the most exciting innovation meetups of the year. Betaspring will be there, via our accelerator director and chief of staff Melissa Withers and Teespring CEO (and Betaspring alum) Walker Williams. Now in its 15th year, the Nantucket Conference brings together a small group of creative and forward-thinking entrepreneurs, investors, technologists, and executives. There's nothing stuffy about this meetup--all of the agenda unfolds in a relaxing, informal environment. Conference organizers are bullish about acknowledging that much of the value of the Nantucket Conference comes from impromptu conversations, serendipitous seatings at lunch, and walks around town.  They also fend off conference boredom by limiting the use of PPT and forbidding blatant company pitches. The room...
03.06.15 | mwithers
This may have been one of the coldest winters on record in New England, but that didn’t stop alum Mavrck from burning up the joint with some big moves and strategic wins, including a $2.5M Series A led by Grand Banks Capital. The growing team turned up the heat in December, when the company rebranded from Splashscore to Mavrck, a switch that mirrored their shift toward helping big brands engage with their customers. With Mavrck's Influencer Activation Engine, brands are able to identify and activate their most influential customers to create branded content at scale.  Using Mavrck, companies can launch VIP communities that customers join for exclusive content, rewards and experiences. Up-to-the second analytics help these brands see what hot—and what’s not—among their super fans. Companies can enlist these customers to become powerful brand ambassadors that research shows are far...
03.02.15 | mwithers
If you find yourself walking by the newstand this week, pick up a copy of the March 2015 issue of Inc. Magazine. Casually flip to page 26 and you'll find us in "The Field Guide to Accelerators." We were psyched to be one of the only eight accelerators Inc. featured in this cool spread. We were honored to be included alongside some of our favorite platforms!                 
12.16.14 | mwithers
Congrats to alum Splitwise on closing a $1.4M seed round! Splitwise was founded in 2011 by Jonathan Bittner, Ryan Laughlin, and Marshall Weir to make it easy to deal with shared expenses with friends and family.  Participating investors include Andrew Chen, Cyan and Scott Banister, Great Oaks Venture Capital, IDG Ventures USA, Rocketship.vc, Silicon Valley Bank, and others. The funding will be used to expand the software engineering team and accelerate the growth of the company’s financial management platform. Splitwise has raised $2MM to date. “Our vision is to remove the stress and awkwardness money places on our interpersonal relationships, ” said Splitwise CEO Jonathan Bittner. “No one likes talking about money with friends or family. We’re excited to have a great team of investors to help us accelerate growth, and proud to be building our team in the Providence tech ecosystem...
11.17.14 | mwithers
“Imagine a world where lamp posts double as 911 operators and solar-powered trash cans compact waste on city streets. Where public park benches serve as phone-charging stations and robots go to school on behalf of ailing children. It’s an urban prophecy that could be here sooner than you think.” Those were the opening words in Geoff Weiss’ recent piece in Entrepreneur Magazine on five breakthroughs being championed by the Verizon Innovation Program. Among the featured companies is Betaspring alum HealthID Profile.  The HealthID Band utilize NFC (near-field communication) technology to transmit detailed information about a patient’s medical condition in the event of an emergency. Medical conditions, allergies, and medications are all accessible with the tap of a smartphone, streamlining resources for first responders and potentially saving lives. Check out Geoff’s full story here.
11.17.14 | atear
2014 is the year when mobile takes over the internet. Industry projections for both the number of users and overall web users show that smartphones have overtaken the desktop for good. Social network usage and engagement is mobile-dominant; Facebook alone sees 68% of its usage via mobile devices!  Yet many startups still launch their products for desktop users first, leaving mobile as a product add-on to be developed later. Startups make this choice because the desktop is more mature and has widely-known development tools and third-party services which accelerate early product development. Often, a startup will choose the desktop-first path because they haven’t deeply explored their customer’s needs and behaviors. Often, this is costly mistake, that not only adds unnecessary development and maintenance costs, but causes a startup to miss their initial market altogether.  Here...