From the yearly archives:

2010

Startup Tips Overload!

by Jason Mosley on October 28, 2010

in Blog

In the past 7 days Mashable has posted over 10 How to be a startup success tips. Its part of their Digital Entrepreneur Series that started later this year. I guess they decided to put it on overdrive this week.

Just in case you might of missed them here is a quick rundown:

When I look at both of these lists two things jump out at me; being focused and having the right team. I guess those two things really do set you pace to be a successful startup.

This fact make me excited for whats coming out of Pittsburgh. Most of the up-and-coming startupers I meet in Pittsburgh have these qualities. When I ask them what there doing they have clear idea and mission of what the want to accomplish. They also have about 1-3 more people, usually working away, right behind them.

Pretty soon the word Startup and Pittsburgh are going to be like bacon and eggs. Seeing one without the other is going to look strange and unsatisfying.

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Hearing about Shoefitr during the presentations at AlphaLab’s Demo Day left me not only impressed but wanting to know more. I got in touch with CEO and COO Matt Wilkinson (who founded Shoefitr along with Nick End and Breck Fresen) for an interview to talk shoes, startups, and Pittsburgh.

Did you and your co-founders know you wanted to start a business, or did the idea to start Shoefitr evolve from the problem you saw that exists in online shoe sales?

We had each previously attempted our own respective ventures prior to Shoefitr so we are entrepreneurial and always looking for opportunities. With that said, Shoefitr was started from a problem we experienced first-hand when trying to buy shoes online. Although we knew it would be a challenge, we felt strongly that we had the technical experience and background to find a solution. Its not magic, there is a reason somebody fits better in a certain shoe than others, and there just had to be a good way to capture fit without trying on a shoe.

How did you find out about AlphaLab, and did it benefit you?

We heard about Alphalab through a friend/entrepreneur from Carnegie Mellon, Matt Humphrey, who is on the advisor board at Alphalab. The Alphalab experience has been extremely valuable. The mentoring and resources were crucial in getting us to the next stage but most importantly being accepted into the program gave us that extra push from working part-time on Shoefitr to going fulltime.

How did you balance growing your business while maintaining outside employment?

We had been working on Shoefitr part-time for over a year, including a complete revamping of our approach. We had mitigated as much risk as possible before quitting our previous jobs and going full-time.

For now, Shoefitr is integrated into affiliate sites, such as Running Warehouse. You mentioned during Demo Day that Shoefitr would like to build into “a comparative fitting site where consumers can search by fit before purchasing through an affiliate network.” Can you elaborate?

Shoefitr will be integrated into retailer’s websites, but at some point, it might make sense to reach customers through a fit-centric comparative shopping site as well where Shoefitr can drive more traffic to retailers. We think that there could be a demand for a site like this because 35% of shoppers first visit comparative pricing sites prior to purchasing; however, our market research shows that fit is a bigger concern than price when it comes to buying shoes online. Our vision is to create a comparative shopping site where customers can search by fit and price.

Has Shoefitr received funding?

Outside of Alphalab, Shoefitr has been self-funded and will be looking for funding in the future when the time is right.

If/when you expand to other markets beyond athletic shoes, will the technology be able to detect other possible fit problems? What do you see those being?

Our approach and most of our software will not change when moving to new footwear verticals; however, different types of footwear may require different fitting algorithms and measurements for our recommendation engine. For example, high heels will obviously require us to look into heel heights. Discovering exactly what those are will require some more research, user testing, and also understanding the shopping/fitting behavior of those consumers.

Where are you planning to move your operations after AlphaLab?

Shoefitr will keep its operations in Pittsburgh, and we are currently exploring our options for office space around the city.

How do you and your co-founders come to be in Pittsburgh? What do you like about it in general and for startups in particular?

The 3 of us are all from different places, Breck grew up outside Chicago, Nick came from Milwaukee, and I am from New Jersey but all came to Pittsburgh to attend Carnegie Mellon. We all really enjoy Pittsburgh. Breck’s favorite spot is the Pretzel Shop across from the Alphalabs where he can be found eating for most meals. Nick and I enjoy Double Wide, their TV Dinners are awesome. Nick and Breck like running in Shenley Park and head there almost daily. Pittsburgh is a very start-up friendly city. We have friends working on startups in the valley and there are just so many out there that it’s hard to find people who want to help you. In Pittsburgh everyone is excited about all the new companies and willing to help.

How did Nick become a professionally sponsored runner?

Nick and Breck both ran cross country and track at CMU and Nick continued afterwards. He start runnning marathons last year and after a fast one in Boston he applied for a small sponsorship with Saucony. He really likes their shoes and gear. He runs daily and every month or so enters a big race. On most days he convinces Breck and I to run with him which I always regret as I am in no condition to keep up with them.

Last question, do you have a favorite startup company in Pittsburgh?

Our favorite Pittburgh startup is DeviceKnit. They introduced us to a bar that has 10 cent wings so it was the perfect place for all of us to hang out and talk about startups.

Editors Note: Shoefitr has also just won a global pitch competition. Check out the Alphalab blog for video of the winning pitch!

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Read Write Web recently posted a great article called “Going Alone: Thoughts on the Single-Person Startup”. It talked how founding a business alone can be more risky and difficult then founding one with a co-founder.

Even with what looks like hard road to travel alone not having a co-founder is not an excuse. The article stresses that point and the fact that there are other factors that dictate a startups success and failure.

Check out that the article and let us know what you think.

Are you or someone you know a single person businesses in Pittsburgh? Let you know, we would love to hear you story.

[Photo by lensbug.chandru]

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One look at the business cards of DeviceKnit co-founders John Ganotis and Jordan Messina will tell you these guys aren’t your typical entrepreneurs. Listed as the chief espresso officer and chief tea officer, the recent AlphaLab grads have a knack for setting themselves apart (and employing humor while they’re at it).

DeviceKnit began as a web application for Ganotis and Messina to keep track of their gadgets and share ideas of how to use them with friends. Both were often asked to help setup electronics for other people and like finding new uses for devices they already own.

“I was always tinkering,” Ganotis said.

The best use Ganotis found was using the Wii remote, which he describes in a video on DeviceKnit.

Messina said he is looking forward to using GoogleTV with the iPhone.

Working from their interest in devices, Ganotis and Messina thought to expand the network by including more users and to make a profit through pay-per-click and affiliate sales. They decided to apply for the Spring 2010 AlphaLab session after Messina heard Resumator founder Don Charlton on the podcast This Week in Startups. Charlton had mentioned AlphaLab during the talk.

“I looked up Don after I heard it and emailed him last June,” Messina said.

Now that the program is over, DeviceKnit has moved in to office space with fellow AlphaLabers CloudFab in the Hill District. The building is owned by Dale McNutt, who is calling the location “Startup Town” and offering graduated pricing for new companies. Ganotis and Messina agreed that the community of local business owners in Pittsburgh offers a lot of different groups to get involved with and provides opportunity and guidance.

“Everyone is pulling for each other and giving a helping hand,” Ganotis said.

When it comes to funding, Ganotis and Messina are hopeful about their prospects and can self-sustain from profit in the meantime. Receiving support will enable the two to grow the community for DeviceKnit at a quicker pace by allowing them to move forward with development and gain users.

Ganotis and Messina are working on development along with the help of an intern from Duquesne University. The private beta for users who sign up is expected by the end of June, with a public beta to follow.

Not to be forgotten are the efforts of “Pluggy,” the logo for DeviceKnit, which can be found on Twitter. Pluggy was described as a “plug with an attitude” and picked from several designs submitted to 99designs.com, the site Ganotis and Messiner used to solicit ideas for the logo. Plans for Pluggy include t-shirts and stickers. The stickers, as Ganotis said, may find their way onto devices in different stores (some with angry faces to show Pluggy’s disgruntled opinion).

Eventually, Ganotis and Messina hope to expand DeviceKnit to include person-to-person sales, similar to how craigslist operates. No matter how the business expands, the initial idea for DeviceKnit remains the motivation behind the company.

“DeviceKnit is about sharing ideas and getting inspired by what others are doing,” Ganotis said. “Too many people are trying to reinvent the wheel when they should be figuring out how it works.”

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The Pittsburgh Business Times reported that ModCloth, a Strip District based online indie clothing company, raised $19.8 million in the largest VC round of 2010. They plan to continue to seek funding until they raise over $30 million in funding.

I am really happy for these guys and there a shining example of what can come out of the Pittsburgh startup community. What started out in a dorm room is now a large company with offices three cities. I can no longer call ModCloth a startup but I am still going to follow these guys closely.

Very quickly they moved from startup, to small business, to an internationally known brand. I think my only concern is that as they gotten bigger, their quality has dropped. Still I don’t think that is enough to stop them from growing even larger. All the girls I know that complain about the quality, still buy over $100 worth of merchandise from them monthly (no joke).

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