Weekly Newsletter – September 23, 2013

We are only a few weeks away from Austin Startup Week, make sure you RSVP to all the events you are planning to attend before it is too late! Our Co-Founders Meetup will be on the first night of Austin Startup Week on October 7th from 6:30 – 9PM at Capital Factory. We still have a few spots left for entrepreneurs wanting to present that night, but hurry up as these spots will fill soon and that night promises to be a great opportunity to expose your idea or startup and find the co-founder and talent that you need. If you want to present at the Co-founders Austin Meetup just send an email toteam@thetechmap.com for details.

Also, remember that this weekend is the Lean Startup Machine workshop, all of you are welcome to use the promotional code ATX2013 to save 10% off the ticket price.

In other news, BuzzBee, a technology marketing and communications firm based in Seattle, is opening an office here. Mary Rose Becker, formerly director of marketing at Dell, will head up the Austin office. BuzzBee, founded in 2000, has some big time clients in Austin. Chief among them is AMD, the big chip maker. They also count Microsoft and Intel as clients.

Wild Basin Investments has an interesting spot in the Austin angel world. A family office, meaning an investment firm run for a particular family, Wild Basin invests in a broad spectrum of early stage companies. The current portfolio includes enterprise software companies, mobile, CPG, pharmacology, medical devices and food.

South by Southwest 2013′s Music, Film, Interactive, Edu and Eco Conferences had a $218 economic impact on Austin in 2013.
The two-week long SXSW conference in March was the largest ever. The conference expanded into new venues and had an even greater economic impact, according to a study by Greyhill Advisors. The conference has grown in popularity in the past several years and has become a popular place for creative professionals to meet, network and share ideas.

Cinegif, an Austin-based startup specializing in animated graphic technology, has just received $500,000 in angel funding. The investors included the Baylor Angel Network and the Houston Angel Network and its Halo Fund. Cinegif plans to use the funding on sales and marketing for its cloud-based Graphics Interchange Format, known as GIF, marketing platform. The company sells primarily to marketers, advertisers and agencies.

Mu Sigma, a global data analytics company, announced Thursday plans to open an Analytics Center in Austin with 300 employees.
The Chicago-based company reports the center will have 300 “decision scientists” plus support staff. It will have a “Delivery Center, Customer Lab and Innovations Lab.” The center will open in October and will complement Mu Sigma’s operation center with 2,500 employees in Bangalore, India. Krishna Rupanagunta will run the Delivery Center and Customer Lab and Zubin Dowlaty will run the Austin Innovation Lab. Mu Sigma has already hired more than 30 math, science and engineering graduates from Georgia Tech, University of Texas, University of Chicago, Purdue and Rutgers and other universities.

In the ongoing discussion about how Austin stacks up against Silicon Valley, which sometimes feels like a promising adolescent boy eyeballing how he might turn out relative to his all-star older brother, Capital Factory’s Josh Baer said something that should have been definitive: “Silicon Valley is a unicorn. There’s not going to be another Silicon Valley.” But it wasn’t definitive. And the discussion goes on. Make sure you scroll all the way down to the comments section in this post, you’ll find a very interesting perspective about the Austin entrepreneur echo system.

Non-profit organizations spend more than $30 billion every year in overhead costs, trying to get cash to people around the world, according to Luke Kyohere, president and CEO of Beyonic. That $30 billion goes to armed guards and armored trucks, currency exchanges and even helicopter drops to rural farmers and all that money could be used to lift 42 million more people out of poverty. The non-profits use cash because it’s the only currency that translates across countries and payer systems.

This TechMap Newsletter

| Tech/Startup Events 9/23 – 9/27, 2013 |

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Tuesday

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Thursday

Friday

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