Startup Founder Inspires Unique Company Culture

 

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David Engle is the CEO and co-Founder of Demere.co, a a virtual clothing platform that allows users to upload photos of their garments and within 20 seconds – based on age, gender, weather, and personal style – Demere can predict the best outfit for the user to wear in addition to notifying them of what to purchase online to add to their current wardrobe, as well as while they are shopping in physical stores. Currently, the platform is in a private beta, which is one reason why David is participating in the the Dingman Center’s Terp Startup summer incubator program. Leading up to the full site launch in early fall, David and the Demere team are spending the summer collecting valuable user data to improve the platform. Continue reading

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Dingman Center Angels Portfolio Deepens with New and Follow-On Investments

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The Dingman Center Angels is a Maryland based angel investment group, managed by the Dingman Center for Entrepreneurship, which provides funding to early-stage companies within the Mid-Atlantic region. Since inception, the group has invested more than $12 million in more than 50 companies primarily in the enterprise software and consumer internet sectors. The Dingman Center Angels recently completed another successful year, expanding the portfolio and hosting meetings in College Park, Baltimore and Crystal City. Keep reading for an overview of the group’s activities over the past investment season. Continue reading

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Hisaoka Fellow Spends Summer Working at Virtual Reality Startup

At the Dingman Center, we work with many students who want to start their own business. We also work with students who don’t yet have an idea to pursue. For both groups, we encourage them to spend a summer interning in startup land. To jumpstart students’ startup careers, the Center offers two fellowship programs. Through a generous gift from UMD alumnus, Robert Hisaoka ’79, we offer the Hisaoka Fellowship Program to MBA students. In order to be selected as a Hisaoka Fellow, students must secure summer internships with VC- or angel-funded startups and early stage companies. The Dingman Center provides each Hisaoka Fellow a $5,000 stipend to supplement students’ summer salaries.

Mobile-logoDue to overwhelming demand among undergraduate students for startup internships, one of the Hisaoka Fellowships was offered to undergraduate student, Mike Mandl. Mike has participated in our Fearless Founders accelerator program and is passionate about virtual reality technology. He worked his network in the spring to land a summer internship with YouVisit in New York City. After three weeks on the job we interviewed Mike about his experience:

Tell us about YouVisit. What is the company’s mission and core competencies?
MM: YouVisit helps industry leaders in higher education, travel and real estate increase public awareness, online traffic, quality leads, and in-person visits with immersive virtual reality experiences and virtual tours.
Tell us about your responsibilities thus far at YouVisit?
MM: Creating and editing 360 3D videos. Hopefully I will have an opportunity to go film some shots in the upcoming weeks. I have also been helping out the business development team in any capacity.
What projects are you most looking forward to working on with YouVisit?
MM: There are a few different projects that I am excited to be working on, but most of them are confidential as of now. I can say that University of Maryland just became a client, so that will be a project I intend to work closely on.
Why did you want an internship with a virtual reality company?
MM: Before I found out about YouVisit I was creating a 360 college campus tour of University of Maryland with help from the UMD startup company, VisiSonics. The virtual reality industry is estimated to be a 30 billion dollar annual industry by the year 2020. I want to continue working in this field and the best way to do that is to get work experience.
What do you hope to gain from a summer spent in NYC at YouVisit?
MM: My goal is to make as many connections as possible within the growing industry and to learn as many skills as possible relating to creating virtual reality experiences while I am interning in New York.
Have you had any cool startup/networking experiences since you’ve been in NYC?
MM: Going into work everyday has been exciting. After all the work our team has put in I am one of the first people that gets to view some of the coolest cutting-edge virtual reality experiences.
What has been the biggest adjustment as an intern in New York City?
MM: I would say my biggest adjustment has been the change in my environment. There are people everywhere doing lots of cool things at all hours in the day. I have improved managing my free time so I can take advantage of everything this city has to offer.
Mike Mand83550_Mike_Mandl_Y145105_MD005SAE Yl is a University of Maryland undergraduate student majoring in economics. He has a strong interest in up-and-coming technology with the potential to disrupt markets. Mike started his own profit-generating businesses through his landscaping and cell phone repair services, ProTech MD. He spent the past year creating virtual reality college campus tours and plans to find his niche in the market after graduation.
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Inspired By Spanish Art, Student Launches Street-wear Brand

As a college student, Jordan Greenwald didn’t know he would become an entrepreneur. It wasn’t until an eye-opening study abroad trip to Spain that he realized he was destined to run his own company.

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Terp Startup K. Sultana Creates Breathable Head Scarves For Muslim Women

Omar Goheer is on a mission to change the way Muslim women feel in a head scarf. His company, K.Sultana, was founded to solve the prevalent problem of discomfort from hot temperatures experienced by Muslim woman who wear the head scarf. These innovative scarves ventilate and provide comfort over the head and around the neck through the use of a unique blend of breathable and lightweight fabrics. The K. Sultana scarf can be worn over the head by women who wear the hijab or it can be used as the perfect fashion accessory for women who choose to not wear the hijab. K. Sultana also has a social impact component to the business, partnering with local homeless shelters to allow battered and abused Muslim women help sell the scarves in exchange for a sales commission.

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Powering Women Entrepreneurs

By Elana Fine

Last Saturday I moderated a “Powering Women Entrepreneurs” panel at Forte Foundation’s annual MBA Women’s Leadership Conference. Over 450 current women MBA students from top business schools filled the conference hall wearing “Let’s Power Up” t-shirts while taking selfies with cutouts of powerful women leaders such as Smith School alumna Carly Fiorina, Oprah Winfrey, and Sheryl Sandberg.

The panel included three successful women entrepreneurs:

Tiffany Norwood, Serial Entrepreneur, Entrepreneur in Residence, Georgetown University

Arum Kang, Co-Founder and CEO Coffee Meets Bagel

Hillary Lewis, Founder and President, Lumi Organics

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L-R: Elana Fine, Tiffany Norwood, Arum Kang, Hillary Lewis

I quickly realized what an opportunity our panel had to inspire such a large crowd of impressive women at such an important inflection point in their careers.  As I told the crowd, my goal was for each of them to consider one entrepreneurial experience during their two years as MBA students. Continue reading

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Terp Startup Javazen Is Putting a Healthy Twist On Your Morning Coffee

What comes to mind when you hear “the Arnold Palmer of coffee?” In the D.C. area, many people think Javazen.

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According to the company website, Javazen is organic coffee combined with premium teas and nutritious “superfoods,” including cacao and goji berries. Aaron Wallach, Eric Golman and Ryan Scheuler started the company in their college apartment while attending the University of Maryland. After recently graduating from UMD and making their first sales, the team decided to run Javazen full-time. Continue reading

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Keep Up With The Dingman Center This Summer

Did you think the Dingman Center was taking a break this summer? Think again! Although we’re not having weekly Pitch Dingman sessions or monthly Dingman Center Angels investor meetings, there are a number of ways you can stay engaged with us this summer.

1. Attend a FREE startup workshop.

One of the biggest perks of being in the Terp Startup summer incubator program is that students have access to workshops from leading experts. Since not all of the entrepreneurs in our network could join Terp Startup, many of these workshops will be open to the public! Join us for sessions on a wide range of topics including Growing Beyond Product #1, Customer Relationship Management, Sources of Funding and Accounting Needs. A full listing of all open workshops are available on the Terp Startup page on our website.

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2. Sign-up to receive The Pitch!

The Pitch is a bi-weekly email digest that will keep you informed on what’s happening in our community. It includes regional events, job postings, updates on our portfolio companies and student startups, as well as recent news from inside the Dingman Center. If you don’t already receive The Pitch, join our mailing list.

@UMD_Dingman3. Tweet, tweet, tweet.

The best place to get real-time updates from the Dingman Center is through our Twitter feed. Don’t miss a shout out, behind the scenes picture or #tbt post!

4. Network with us

Our involvement in the regional startup community doesn’t stop just because it’s summer. You can see our staff out at various events in D.C. and Baltimore. This weekend, Managing Director Elana Fine will moderate a panel on MBA Women Entrepreneurs at the  2015 Forté MBA Women’s Leadership Conference. Our Fearless Founders will be out at various tech meetups too. We look forward to seeing you out and about.

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Fearless Founders Confessions: Fei Mancho, Fancy Muffin

The Fearless Founders Confessions video series was created to give our community brief glimpses into the lives of student entrepreneurs. This video features Fei Mancho, founder of Fancy Muffin, an online store that specializes in eco-friendly, handmade tie-dye garments. Fei completed the Idea Shell stage of Fearless Founders this past spring semester and was awarded a $500 Capital One MVP Grant for her commitment to the customer discovery process. Watch the video below to meet this tie-dye fanatic turned entrepreneur.

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Communicating Your Business

the companies that win are the ones that

Are you able to easily communicate your business to potential customers, advisors or investors? The best place to start is with a solid elevator pitch. Begin with the problem, simply explain your unique solution and how you can do it better, faster and cheaper than your competitors. Do it in under one minute and you’ll keep their attention.

Our Terp Startup companies know this all too well, having completed many customer interviews to get to this stage in their businesses. Check out their brief elevator pitches on the Terp Startup page on our website. Are they easy to understand? Can you instantly tell what the mission of the company is? Provide any advice or feedback in the comments below!

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