CardFlight Ranks 139th on 2018 Inc. 5000 List, Top 5 for Financial Services

CardFlight Ranks 139th on 2018 Inc. 5000 List, Top 5 for Financial Services

New York, NY – August 15, 2018 – Inc. Magazine today ranked CardFlight No. 139 on its 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small and mid-sized businesses. CardFlight joins the ranks of America’s most prestigious and successful companies featured on the Inc. 5000 list in years past.

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She wants to make sure your boss won't always be a white guy

It’s December 2016, and venture capital investor Samara Mejía Hernández tries her hand at op-ed writing with a blog post on LinkedIn. Titled “Why Your Boss Is Still a White Guy,” she takes the tech industry, and particularly the VC world, to task for its stunning lack of diversity — only 2 percent of venture capital-backed startups have women-only boards, while just 1 percent of VC funding goes to people of color, according to First Round Capital’s 2016 State of Startups report. Combining data-based reasoning with cutting asides like “apparently being born without a Y chromosome makes you a better notetaker. Still waiting on the peer-reviewed study,” the post goes viral within 24 hours.

Technori Start Up Showcase: Keynote on Empathy by Mark Achler

Chicago's Startup Showcase, May 2018 Edition. Technori helps startups gain traction by engaging with thousands of would-be investors, partners, and customers through our highly curated events, media channels, and Technori co-op. Technori was founded in 2010 by Seth Kravitz and a band of entrepreneurs on a mission to build the largest and most inclusive startup community in the world.

 

First.io Closes $5M Series A to Expand Artificial Intelligence Platform for Real Estate Professionals

CHICAGO and DURHAM, N.C., May 23, 2018 /PRNewswire/ -- Chicago-based startup investors, MATH Venture Partners, Nine Four Ventures, and @properties' co-founders Thad Wong and Mike Golden, led a $5 million Series A investment round in First.io, a technology startup that uses artificial intelligence to help real estate agents connect with prospective home sellers ahead of their competition.

The Great Game: How to Raise Venture Capital

Movies, television, and myths -- these are three things that have shaped our definition of what happens in Silicon Valley and venture capital. But if you think investors really sign million dollar checks over a cup of coffee, then you’d better grab one yourself and get comfortable. Troy Henikoff, the Managing Director of MATH Venture Partners, an early to growth-stage fund managed by a seasoned team of hands-on investors and operatorsexplains how the great game really works.

Frisco startup MAX drives brand engagement through the power of music

Companies are desperate to reach young audiences in creative new ways as people ditch traditional radio and television for streaming services.

At the same time, local artists are looking for a break so they can get the exposure they need in an increasingly crowded music industry. Frisco startup Music Audience Exchange, or MAX, wants to be the matchmaker to bring those two together in a mutually beneficial relationship.

Which Chicagoans are best at mentoring women?

TROY HENIKOFF

53, managing director, Math Venture Partners; lecturer on entrepreneurship and innovation, Northwestern University's Kellogg School of Management

"I love helping entrepreneurs," says Henikoff, founder of SurePayroll.com and co-founder of Excelerate Labs, now Techstars Chicago. "It's awesome to see them succeed." Henikoff requires chemistry in a mentoring relationship. "There needs to be something there—I am passionate about the company or person, and the company has to want to work with me," he says. Honesty is also necessary. "Some people think I'm too tough or trying to be a jerk," he says. "I'm not. I'm trying to help."

Amanda Lannert, CEO of Chicago-based Jellyvision, welcomes "unvarnished truth" from Henikoff. "He will tell you what you need to hear so you can get better," says Lannert, 44. She attributes a third of her network to Henikoff, and says he has sent employees, customers and other advisers her way. He's also helped her with venture pitches, one of which just yielded a $20 million investment in Jellyvision, which creates interactive employee-communication software. "I am a CEO because he was incredibly helpful with advice," Lannert says.

Henikoff mentors via 30-minute open-office appointments every Friday, a service he publicizes via Twitter, and through Techstars Chicago. The heaviest mentoring takes place through Math Venture Partners, where he invests time and ultimately money in startups he'd like to succeed.

Even while mentoring, Henikoff protects his network. One example is the way he handles requests for introductions. Henikoff asks for a forwardable email explaining why a mentee wants that introduction. He then forwards it to the person of interest. "I don't want people to feel obligated," Henikoff says. He sends four to five such emails a day with a success rate of 95 percent to 98 percent. "It's really amazing how this community is open to helping," he says.

Retail app maker Tulip raises $40 million from Kleiner Perkins, others

(Reuters) - Canada's Tulip Retail, which makes an app for retailers, said on Tuesday it raised $40 million in a funding round led by venture capital firm Kleiner Perkins Caufield & Byers.

The Series B funding, which included existing investors such as Jump Capital, gives Kleiner Perkins' general partner, Mood Rowghani, a seat on the startup's five-member board.

Q&A with Troy Henikoff: Are Entrepreneurs Born or Made?

Q: Troy, you’ve started several successful companies. Did you always know you wanted to be an entrepreneur?

No! I got into entrepreneurship by mistake. Like many people, when I graduated from college I wasn’t exactly sure what to do next. At the time, PCs were just becoming a legitimate business tool. I’d seen a tech company in Boston I was interested in, but there wasn’t anything like it in Chicago. A friend suggested that I should leverage my previous couple of summers of programming and start a consulting company myself.

Brunonia: Always an entrepreneur

How do you become a successful entrepreneur? Troy Henikoff, class of 1986, shares his story.

“In hindsight I was always an entrepreneur, but didn’t realize it. When I was young, I had a love of sailing, and dreamed of owning a sailboat. So I cut lawns, washed cars; delivered newspapers. By the time I was ten, a friend of mine and I bought our first sailboat with the money we made.

The 5 Worst Things You Could Say to a Venture Capitalist

As a venture capitalist, I meet every day with two or three entrepreneurs who pitch me to invest in their dreams. (Last year, we reviewed more than 2,000 new companies.) Having done this now for 20 years across three funds, I’ve heard every kind of pitch imaginable. Here are five examples of what not to say to a VC:

I have a big potential customer that is just about to close.”

Kellogg Does Its Own Bay Area Startup

Mark Achler starts his first class with a video that Apple used years ago to introduce its iPad. As the MBA students in Northwestern University’s Kellogg School of Management watch the TV advertisment, they hear the voice of comedian Robin Williams from a scene in the film Dead Poets Society. Not until the very end of the 90-second spot does the Apple logo appear ever so briefly on the screen.