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PostOct 02, 2013#51

1.1B (-as-in-Billion) - that's not some small-potatoes shop.

Interesting quote from TechCrunch....
we’re hearing from investors that the actual price is past the $1 billion mark because part of the all-cash deal will be paid out over time, as an employee retention plan.
I'm sure employee retention packages are pretty standard on corporate acquisitions, but this one could get more interesting given the potential clash between the San Francisco culture versus Monsanto.
arch city wrote:The Climate Corporation will remain based in Silicon Valley, Hopefully, an outpost will open in St. Louis.
Looks like they already have some sort of presence in Overland Park (KC suburbs) but the bulk of the engineering/science stuff is in San Francisco & Seattle.

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PostOct 03, 2013#52

Four startups named to SixThirty accelerator's first class. More great companies moving to Trex. http://www.stltoday.com/business/local/ ... 827ae.html

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PostOct 05, 2013#53

Oct 4, 2013, 9:54am CDT
Norse partnership with McAfee expected to boost 2014 revenue
Brian Feldt
Reporter-St. Louis Business Journal

Norse Corp., the St. Louis-based cyber security startup, announced this week a partnership with McAfee, one of the world’s leading computer security software companies.

As part of the partnership, Norse will join the McAfee Security Innovation Alliance, a program that aims to deliver security solutions that maximize the value of existing customer investments.

Norse, which offers cyber security solutions, was one of six new partners to join the program.

Norse CEO Sam Glines said the partnership is vital for Norse’s future plans.

“(McAfee) is one of the biggest in the world and when you combine Norse’s threat intelligence ... it’s exciting to think of the solutions and capabilities,” he said.

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PostOct 17, 2013#54

T-Rex potentially moving to Lammert Building (911 Washington Ave).

From STL Business Journal: http://www.bizjournals.com/stlouis/blog ... r-new.html

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PostOct 17, 2013#55

Oct 17, 2013, 11:37am CDT
Apprenticeship program for startups coming to St. Louis
Brian Feldt
Reporter-
St. Louis Business Journal


Investment from local companies and the community would solidify Enstitute’s intentions to move. “We’re well on our way,” he said.

Sarhan said Enstitute hubs aim to be self-sustaining through fees charged to companies that hire a fellow or browse Enstitute’s applications for potential talent.

St. Louis could be self-sustaining by 2017, Sarhan said.

In June, Enstitute co-founders Kane Sarhan and Shaila Ittycheria were named recipients of the Echoing Green 2013 Fellowship, which handed out $2 million in seed funding to nearly 40 fellows.

Enstitute also received a $100,000 grant from the deLaski Family Foundation in February.

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PostOct 20, 2013#56

With all of the ad and media firms in downtown St. Louis, why would they go to Clayton? Leave it to Pandora's Central States regional office in Chicago to make this decision. Yet, its main sales office is in downtown Chicago.

Pandora takes aim at local radio advertisers
13 hours ago • By Lisa Brown
St. Louis Post-Dispatch
10/20/13



There’s a reason why advertising on Pandora in recent months has seemed much more recognizable to local listeners of the Internet music service.

In March, Pandora hired local sales staff in St. Louis as part of its strategy to court local advertisers, and it’s had success out of the gate landing customers. Don Brown Chevrolet, Barnes-Jewish Hospital, St. Louis University and Panera Bread Co. are just a few of the advertisers that have booked ads on Pandora so far this year.

Oakland, Calif.-based Pandora first embarked on the local market strategy in 2011, beginning with offices in Chicago, Los Angeles, San Francisco, Portland and New York. It’s spent the past two years expanding its sales staff nationwide.

St. Louis is one of 30 markets in which Pandora has hired sales staff as it seeks to compete head-to-head with local radio stations for ad dollars. Its regional sales staff of 60 employees nationwide is growing, and Pandora plans on ultimately having an office in each of the top 50 radio markets.

The advertising push, according to analysts, is a big opportunity for Pandora — and a challenge to local radio stations.

“Radio is a very unusual media form in that most of its revenue comes from the local market,” said Rich Tullo, director of research at New York brokerage Albert Fried & Co. “The ad rates are higher because it’s local. Ultimately, it will take dollars away from other radio stations.”

Pandora currently employs two sales staff members in the St. Louis region and a client services employee. Pandora is searching for office space in Clayton to grow to as many as eight employees here and should have a location selected by the end of the year, said regional vice president Gabe Tartaglia, who oversees the company’s sales offices in the central part of the country.

“It has been a definite shift to local in the last two years,” Tartaglia said. “There’s a $17 billion radio market in the U.S., and the majority of those dollars are local. The opportunity is significant.”

Pandora Radio, a free service that launched in 2005, has grown to 72.7 million active monthly users. The company also offers ad-free content to subscribers for a fee.

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PostOct 20, 2013#57

Oct 15, 2013, 12:01pm CDT
TuneSpeak wins San Francisco music-tech competition
Brian Feldt
Reporter-
St. Louis Business Journal



TuneSpeak, the band loyalty program for fans, was named one of the most promising new companies in the music-tech world at the SF MusicTech Summit in San Francisco.

TuneSpeak, located at the downtown T-REx co-working space, is a program that enables bands to create contests for their fans, who earn points for listening to music, watching music videos or sharing a band’s content on social media.

Tom Pernikoff, who founded the company along with his brother Rick Pernikoff, said the recognition earlier this month adds to the company’s credibility in the music-tech industry.

“We already have a strong presence in the music industry with agents, bands and managers,” Tom Pernikoff said. “But this recognition gives us more awareness in the music-tech space.”

TuneSpeak has been busy this year, having just graduated from Capital Innovators and closing on its first major funding round from area venture capitalists. The company also has increased its website visitors by 268 percent quarter over quarter; specific figures were not disclosed.

TuneSpeak is funded by a $500,000 venture capital investment, led by Cultivation Capital, that closed in July.

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PostOct 20, 2013#58

If Lockerdome gets $25-to-$50-million in its next round of funding, it would be a major game-changer for St. Louis. Although it is already happening, Venture Capital firms would start paying even closer attention to St. Louis.

Oct 18, 2013, 11:54am CDT
Brian Matthews talks about LockerDome’s next funding round
Brian Feldt
Reporter-
St. Louis Business Journal



LockerDome’s $6 million Series A fundraising round made big headlines in March for being one of the biggest raises by a St. Louis tech company in years. Now, the company appears to be setting its sights much higher.

Brian Matthews, a director at LockerDome and general partner at Cultivation Capital, said LockerDome’s next funding round could be in the neighborhood of $25 million to $50 million.

Matthews said the funding efforts would likely begin late this year or early next year.

“It’s exciting times,” Matthews said. “Another big growth phase and $25 million to $50 million means hiring a lot of people. I talk to (LockerDome founder Gabe Lozano) about it at least monthly about where they are at and who they are talking to.”

Matthews was one of five local directors to be named an Outstanding Director by the Business Journal on Thursday.

LockerDome, a sports social media website, has raised more than $8 million since being created in 2010 by Lozano.

Jim Brasunas, executive director of the Entrepreneur Network (ITEN), said a raise of that size would create big momentum behind St. Louis startups.

But a large component of that money would likely have to come from outside of St. Louis.

“But hopefully, a raise of that size would be led by a local investor,” he said. “That would really create a huge new hope in the minds of entrepreneurs that it’s possible to raise that type of money right here in St. Louis.”

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PostOct 22, 2013#59

It's official now:
The relocation to the Lammert building at 911 Washington Ave. will allow it to add up to 50 more companies and add 240 jobs over the next five years, according to a statement by U.S. Bank, which provided $1.7 million in financing for the acquisition.
http://www.stltoday.com/business/local/ ... P4.twitter

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PostOct 22, 2013#60

I love this news.

Now, let's hope for good news for the Railway Exchange...

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PostOct 23, 2013#61

The T-Rex turned two last night and a nice little party was thrown at Prime 1000 to celebrate it and the Lammert Bldg "announcement." Everyone's excited and it was a great time.


T-Rex emblazoned on the Lammert

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PostOct 23, 2013#62

Hahaha I predicted it! Here comes the Silicon Prairie!

Square founder hopes to turn St. Louis into the Silicon Prairie
http://www.marketplace.org/topics/econo ... on-prairie
Square would have had a natural home here in St. Louis, McKelvey says, but he and Dorsey couldn’t find the programmers they needed to grow. So the company set up headquarters in San Francisco.

To keep that from happening again, Mckelvey is dusting off an old school training model: Apprenticeships. And he’s giving the idea a test run with his new non-profit, Launch Code.

“I learned to blow glass as an apprentice,” McKelvey says. “Launch Code uses sort of an apprentice model. We take people who have the basic skills. Then, we put them in companies and they’re paired up with an expert.”
Exactly. We need more education to build a "smart and creative people surplus" and then and only then will companies will compete to move here to take advantage of it.

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PostOct 25, 2013#63

Great news.

I wonder if T-Rex is working on sponsorship rights and partnerships with big tech firms such as Google, Apple, Microsoft, Yahoo, Amazon or Facebook? Could such a firm sponsor events at TRex? Could Google sponsor fiber or Internet in the building?

In addition, perhaps Jim McKelvey could seek a Square-sponsored dining cafe for the building, which could also be a test site for new Square products and updates.

Also, in Minneapolis CoCo/Project Skyway (similar to T-Rex), below, is working with Comcast to bring 1-Gig Internet to its facility. Google recently adopted CoCo and CoCo is roughly the same age as TRex.

Could Charter Communications or Suddenlink (St. Louis-based firms) do the same for TRex and CORTEX?

Imagine how these efforts could boost the profile of T-Rex and CORTEX.

I hope there are plans in the works for more partnerships/sponsorships at TRex now that it has a more permanent home. Also, I believe Cambridge Innovation Center is going to be a game changer in this regard. I am sure CIC-St. Louis is going to bring in heavy sponsorships and events to St. Louis.


CoCo, Grain Exchange Building in downtown Minneapolis

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PostOct 25, 2013#64

Great ideas, AC.

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PostOct 25, 2013#65

^Thanks.

I tweeted both Dorsey and McKelvey about the Square Coffeehouse/Cafe idea.

PostNov 30, 2013#66

St. Louis'-own Aisle411 making headlines.



6 Apps You'll Need to Survive Black Friday Madness
These free apps will serve as your secret weapons come Black Friday.
Lisette Mejia
November 25, 2013
Aisle411 — Android and iPhone users can get custom views of participating stores with Aisle411 to help you find what you're looking for fast. Or at least faster than the folks that don't run to the electronics section. Also included is a list maker so you know what to grab.

PostDec 13, 2013#67

St. Louis is one of only a few cities worldwide with a FinTech accelerator.

December 11, 2013, 11:09am EST
Techstars/Barclays partnership fuels FinTech frenzy
The UpTake: Financial technology startups are starting to benefit from the accelerator movement, which is getting more major banks involved to find and vet technologies that impact their industry.
A handful of accelerators are already getting banks involved in the startup community. Last week, we profiled three-year-old FinTech Innovation Lab in New York City, which starts a fourth class of startups next April. It has engaged top executives from 14 of the top banks in the city, helping startups launch pilots and raise $47 million. It recently inspired a sister program in London.

And in St. Louis earlier this year, Square founder Jim McKelvey started the SixThirty FinTech accelerator in partnership with the city's large collection of major financial institutions. They've since graduated four companies and started recruiting for a second class in March 2014.

McKelvey told Upstart this week that the banks in his hometown are interested in any innovation that adds efficiencies, improves the customer experience or takes advantage of the mobile revolution.

"They just don't have the innovation DNA," he says. "First and foremost, it's a business of not losing your money so they tend to be conservative by nature."

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PostDec 14, 2013#68

An update on bandwidth to the new T-Rex within the Lammert building: Arch Fiber is installing and donating 2 strands of dark fiber for 10 years to T-Rex. the strands will terminate in the 900 Walnut building and 210 Tucker. Contegix and Hostirian have each agreed to donate 1 GB of bandwidth to the building for 5 years. Hostirian has also agreed to manage the network within the building for at least 5 years. 2 GB of bandwidth should provide the T-Rex tenants more than enough bandwidth for the foreseeable future. An announcement of this deal should occur early in 2014.

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PostDec 16, 2013#69

Big Idea 2014: Goodbye Silicon Valley, Hello Silicon Cities
Bruce Katz
Vice President and Director of the Metropolitan Policy Program at The Brookings Institution
December 10, 2013



As the United States slowly emerges from the Great Recession, led by our cities and metropolitan areas, a remarkable shift is occurring in the spatial geography of innovation.

For the past fifty years, the landscape of innovation has been epitomized by regions like Silicon Valley — suburban corridors of spatially isolated corporate campuses, accessible only by car, with little emphasis on the quality of life or on integrating work, housing and recreation.

That model now appears outdated.

Innovative companies and talented workers are revaluing the physical assets and attributes of cities. A new spatial geography of innovation is emerging and, in 2014, it will reach a critical mass worthy of recognition and replication.

This new model — the Innovation District — clusters leading-edge anchor institutions and cutting-edge innovative firms, connecting them with supporting and spin-off companies, business incubators, mixed-use housing, office, retail and 21st century urban amenities.

Innovation Districts are already found in the downtowns and midtowns of Atlanta, Cambridge, Detroit, Philadelphia, San Francisco and St. Louis, where existing clusters of advanced research universities, medical complexes, and tech and creative firms are sparking business expansion as well as residential and commercial growth.

Others are taking root in cities such as Boston and Seattle where underutilized areas — particularly older industrial lands — are being re-imagined and remade by leveraging their enviable location near waterfronts and downtowns and along transit lines.

Still others are developing in traditional exurban science parks like Research Triangle Park outside Raleigh-Durham, which is scrambling to urbanize in line with the preferences of their workers for walkable communities and the preferences of their firms to be near other firms and collaborative opportunities.

Why is this happening? Profound demographic, economic and cultural shifts are radically altering the preferences of both firms and people, re-forging the link between economy-shaping and place-making.

The prototypical family of the suburban era — a married couple with school-age children — now represents only 20 percent of households, down from over 40 percent in 1970. “Quality of life” is increasingly understood as proximity to restaurants, retail, cultural and educational institutions, and other urban amenities. Young professionals are starting families later and, in the meantime, demanding a vibrant street life, historic neighborhoods, and public transit.

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PostDec 16, 2013#70



An updated site for The Loop Data Rail.

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PostJan 01, 2014#71

Over $389 million raised by the top 10 companies alone in St. Louis in 2013. Certainly a St. Louis record for this century.

Year in Review: The 10 biggest funding rounds for St. Louis startups

http://www.bizjournals.com/stlouis/news ... l?page=all

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PostJan 02, 2014#72

Great numbers, not to mention all of the smaller $25,000, $50,000, $100,000, $500,000, $1-million+ VC and private investments that add up.

I wonder how much of this actually will be counted towards St. Louis' annual VC numbers in upcoming reports?

St. Louis should rank, but I honestly don't know the formula used or how the data is collected. Is high-tech and biotech lumped together, etc?

Answers' $300-million alone should land St. Louis a spot on some VC list.

PostJan 02, 2014#73


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PostJan 03, 2014#74

Not sure how many employees this t-rex graduate now moving to Laclede Gas Building has, but more of these please!

http://www.bizjournals.com/stlouis/blog ... 2014-01-03

Until some larger businesses finally get off their arses and set up operations downtown, its going to be the start-ups and creatives that will slowly build the downtown employment base.

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PostJan 03, 2014#75

Eventually, some of these companies will get pretty large, so that's nice. Also, people raised $389 million for these?! That's amazing. If only someone could raise that for the construction of a new Metro line.

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