This past November, Fearless Founder alumni Aaron Pludwinski ’16 and his co-founder Derien Scott ’17 launched Kanvasroom, a cloud-based communication tool that’s optimized for digital media creatives. The idea for Kanvasroom took shape three years ago while the founders were exploring their own creative pursuits—Aaron in video post-production and Derien in music production—and realized a niche for a website where creatives from around the world could come together and collaborate on projects. Rather than looking to replace existing tools such as Adobe Creative Suite, Skype, Paypal or Basecamp, they envisioned a website where many of the most basic needs these applications provide could exist in one space. The result would maximize efficiency and improve communication, leaving more time and energy for content creation. Eager to act on their idea, they joined the Spring 2015 cohort of Idea Shell, ultimately moving through Fearless Founders on to Hatch in Spring 2016 until Aaron graduated and moved back to his hometown of Miami.
Kanvasroom’s co-founders: Derien Scott and Aaron Pludwinski
What comes to mind when you hear “the Arnold Palmer of coffee?” In the D.C. area, many people think Javazen.
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 →
We’ve all heard stories of entrepreneurs whose businesses began on the backs of napkins. But how about the back of a job application?
For one Dingman enTERPreneur, what began as a sketch for an at-home, all-in-one fitness device on the back of a gym job application, has turned into a fully operational business. Today, Gym Supreme’s founder and Dingman enTERPreneur Academy graduate, Obidi Orakwusi, has a patented at-home gym device, Mega Bar, and is launching the company’s first kickstarter campaign.
In 2013, the Dingman Center blog caught up with Obidi. To learn about the genesis of his idea, check out that post here.
Since we’ve been uber-focused on the lean launchpad methodology and customer discovery around the Dingman Center lately, we asked Obidi to share some of those insights from his startup journey.
When Obidi initially gained the idea for Mega Bar, he was confident that it would sell. Mega Bar was not the first at-home gym on the market, but Obidi noticed that what was available at an affordable price point was not the best quality. This validated his hypothesis and he saw an opportunity.
What was your path like toward customer discovery?
I did things a bit backwards. I did much of my customer discovery after the prototype had been developed. I walked around campus and stood outside of Eppley Recreation Center with a clipboard to take notes from discussions with potential customers, who were undergrad students ages 18-22. Through those interviews I found that although my product was an improvement from a quality and design standpoint — think the Nokia compared to an iPhone — it was too expensive for the demographic on campus. The needs matched but the price didn’t. From there, I segmented the target market and shifted focus to a more of a working class, young professional crowd that had money but limited time. Within this space I found my target customer and learned what I was really solving for them: saving people time. This customer spends a majority of his/her time at work, leaving minimal time — sometimes just a few hours at home or outside of the office. With that limited time, people may not always feel like working out, but Mega Bar can help.
What was the biggest challenge in developing and commercializing a new product?
From my experience, the biggest challenges in creating a new product and commercializing it, are marketing and pricing. Pricing will narrow your target market and really affects revenues. For example, if you try to force the price to fit a cheaper audience, you might be faced with a situation where your margins are just too low to keep the company growing. Once you have a set price, the hardest thing is figuring out how to reach the market with the highest willingness to pay when you have no budget for marketing, because marketing has to be continuous for it to be effective.
How did you navigate the patent approval process?
Getting a patent so early on was a great boost of confidence, and the fact that it arrived at the door on my birthday last year was unbelievable. I knew how important it was to have a patent in the pipeline, but I didn’t have the resources to pay excessive legal fees, so I had to learn it all. I read all the rules very carefully, read articles, and called the USPTO anytime I had a question. With all the knowledge I gained, I was able to submit the patent application and receive the approval to grant the patent within nine months of applying, which is extremely rare. I applied for my second patent last summer.
Have you tried any unique marketing campaigns?
I’ve tested three different marketing strategies. The first two were great strategies, but they wouldn’t work with the minimal resources the company had to work with.
The first was a social media campaign. The second involved attempts to have influencers in the fitness industry promote the company, and then the 3rd strategy was to get a booth at a fitness convention. The social media strategy was put on hold because it felt like the posts were getting nowhere without paying for ads; it was taking too long. The fitness influencers marketing strategy didn’t work because we couldn’t afford to send in free gear so early on or pay them to promote to their fan base. I also tried to get the Mega Bar featured in major fitness publications, but the cold emails felt like putting a message in a bottle and throwing it into the ocean of emails that those publications received everyday.
The entire time, I was trying to figure out a way to reach an audience that would also see the value in the product, but I realized that I had been searching for the marketing middleman that would help us reach the potential consumer, when I should have actually been the one reaching directly to the early adopters because middlemen are always more costly. I had to find a way to reach directly to consumers that would understand the value of the product just by seeing a 30 second video of what the product can do without further explanation, so I decided to get the company’s first booth at a personal training convention to gain exposure for the Mega Bar. That turned out to be the most effective strategy based on time and the little resources the company had.
What resources have you found to be most valuable to you as an entrepreneur?
The most valuable resources found throughout my journey, thanks to the Dingman Center, are the entrepreneurship classes. It started with the Entrepreneur Academy that eventually evolved to Fearless Founders. From that class, I learned so much about how to understand your target customer. Everything about the Dingman Center has been a great resource for me along the journey. From winning the first funding ever for the company, which went toward the issue fee for the first patent, to being able to talk to other successful entrepreneurs to get feedback. It’s all been a source of encouragement to keep progressing.
At the Dingman Center, I attended Pitch Dingman on Fridays where I could talk about creative ideas and strategies freely without being looked at like a crazy person because I was so young. You run into a lot of doubters when you first start your idea because no one believes you, but at Dingman, they believe you and are always there to help you succeed even if you are trying to turn water into wine. I had the chance to go on a trip to New York this past spring to show off the cool ideas that are coming out of UMD to Terps who now live in Manhattan. That would have never happened if the Dingman Center didn’t hook us up with a booth at Cupid’s Cup earlier this year where I connected with the UMD Alumni Association.
University of Maryland President Wallace Loh with the Mega Bar
What advice do you have for student entrepreneurs?
The biggest advice I would have for student entrepreneurs is to be confident, but don’t think you already know everything about your idea on day one. Be confident about your idea, but don’t be arrogant because it is just an idea until you can start selling it or acquiring users. You will need help to keep your idea progressing, but watch out for anyone who starts wasting your time because you can not replace time. Learn from the good things that happen along the journey, and also learn from the bad. Every experience will help you understand what to do the next time.
What’s one of the biggest lessons learned in starting Gym Supreme?
I’ve learned so much through building a product and launching a brand to push the product, but the biggest lesson that I’ve learned is that you should always test out your theories, never rush into decisions. Starting a company with no money after product development will force you to find new solutions to overcome marketing barriers.
You recently launched a Kickstarter campaign. What do you hope to achieve through Kickstarter?
My main goal with the Kickstarter campaign is to launch the first sales of the Mega Bar and to introduce Gym Supreme’s story to the world. The goal is to raise $12,000 through sales so that the company can finally generate revenue.
Do you have any bootstrapping tips for our readers?
Start saving your money now! Before senior year, I had a work-study job on campus and saved every paycheck. By the time graduation rolled around, I had enough money to develop a prototype.
Never jump into decisions without thinking twice about it. When you receive that first offer, don’t just take it. Be cautious of investors who are just opportunistic and don’t genuinely believe in your product.
Also, be resourceful. For example, I taught myself to code, which saved a lot of expense and was something I could figure out through studying.
What’s your long-term vision for Gym Supreme?
The long term goal for Gym Supreme is to become a fitness lifestyle brand that creates excellent products, which help us all stay consistent with our health goals. I want this company to help anyone that has a desire to Lift Good, Live good, and Look Good®.
To learn more about Gym Supreme and to place your order for the Mega Bar, visit their Kickstarter Page to support the $12,000 goal.
And, be sure to connect with Gym Supreme on social media:
The Dingman Center has many entrepreneurship programs available to University of Maryland (UMD) students currently on campus. However, lately we noticed that the resources available to Terp alumni were a bit lacking. UMD has some of the most entrepreneurial alumni out there and the Dingman Center is poised to provide these alumni with the same venture creation methodologies we teach current students. This winter, the Center will launch Dingman Jumpstart, a startup boot camp designed exclusively for UMD alumni. The program will allow alumni to test their early stage venture’s hypotheses and conduct meaningful customer discovery in a short period of time. At the end of the program, which includes a boot camp weekend in January then two follow up meetings in February and March, each venture within the program should have a clear “go” or “no-go” decision.
The Opportunity:
Each year, the National Science Foundation (NSF) invests billions of dollars into the R&D of innovative technologies. With the help of a national program called I-Corps, and through national and regional partnerships with top business schools across the country, these and other federally-funded research projects are given the entrepreneurial tools needed to succeed in the market. I-Corps participants go through a rigorous startup curriculum, developed in collaboration with lean launchpad pioneer Steve Blank, who was instrumental in coining the customer discovery methodology that played a huge part in launching the lean startup movement.
NSF selected a consortium including UMD, George Washington University and Virginia Tech to create the regional DC I-Corps program. Educators and local thought leaders in entrepreneurship make up the teaching faculty for the program. Last winter, Dingman Center Managing Director Elana Fine was recruited to join the teaching faculty and spent months teaching and advising I-Corps ventures.
The Result:
With the I-Corps curriculum now in Dingman’s toolkit, we considered how we could bring these skills to the Terp community, and the idea for Dingman Jumpstart was hatched.
“Jumpstart is really exciting for both Maryland alumni and the Dingman Center. For alumni, it’s an opportunity to access all of the resources available at the Dingman Center, which they may not have known about or accessed while in school,” said Fine. “This program is also a way for us to continue to provide value and support to our entrepreneurial alumni well-beyond graduation.”
In addition to Fine, who has been named one of DC’s “Power Women in Tech,” the Dingman Jumpstart faculty includes fellow DC I-Corps faculty member, Dean Chang.
Applications for Dingman Jumpstart are open now through December 12, 2014.Click here for more information and to apply.
Every two weeks, the Dingman Center distributes The Pitch, which highlights important happenings in our community. In case you missed it, here’s a look at what’s up in entrepreneurship:
Dingman Center Offers Lean Startup Program Exclusively for UMD Alumni
The Dingman Center has created a unique program to help UMD alumni entrepreneurs jumpstart their startup ideas. Dingman Jumpstart will help alumni de-risk their ideas using the principles of the highly effective Lean Launchpad methodology. The eight-week program kicks off with a boot camp weekend (Jan. 9-11) featuring interactive workshops, lectures and intense customer discovery. The program continues with two additional workshops in February and March. In the end, alumni should be equipped to make a “go or no-go” decision on their idea.
Campus partners include the Academy for Innovation and Entrepreneurship, DC-ICorps and Mtech. The full schedule, program materials and registration information is available online.
Don’t miss the opportunity to jumpstart your business idea. Register by December 12.
Every two weeks, the Dingman Center distributes The Pitch, which highlights happenings in our community. In case you missed it, here’s a look at what’s up in entrepreneurship:
Dingman Speaker Series feat. Social Entrepreneur & VC Wayne Kimmel
Wayne Kimmel, ’92
On October 23rd, serial entrepreneur and UMD alumnus, Wayne Kimmel, ‘92, will join Dingman for the Center’s Speaker Series. Kimmel is the Founder and Managing Partner of SeventySix Capital.
A known entrepreneur, venture capitalist, philanthropist and tireless networker, some of Kimmel’s most successful investments include:
SeamlessWeb acquired by ARAMARK now public as GrubHub (NYSE:GRUB)
Take Care Health Systems acquired by Walgreens
NutriSystem (NASDAQ:NTRI) top performing stock in the U.S. for 5 consecutive years
Bread acquired by Yahoo! (NASDAQ:YHOO)
During the event, Wayne will share his insights on entrepreneurship, networking and giving back. The program will take place from 12:30-1:30pm in 2333D Van Munching Hall. Lunch will be provided.
During her junior year at UMD, Ali Von Paris was working at the popular restaurant and bar, The Thirsty Turtle. When the watering hole closed, Ali decided to design a t-shirt for her beloved co-workers as a tribute to the College Park institution. The shirts doned clever designs that read, “Turtle Survivor” and “Barely Remembered, Never Forgotten”.
Originally marketed toward employees, others started asked Ali where they could purchase their own Thirsty Turtle tee, and Route One Apparel was born.
Meet Tenaj Ferguson, Fearless Founder and CEO of Lady Epicure Gourmet.
While attending the University of Maryland, Tenaj turned her passion for health, nutrition and her Bahamian culture into a thriving business. Today, Lady Epicure Gourmet brings a taste of the Bahama islands to their customers through their all-natural gourmet popsicle line.
We recently caught up with Tenaj to learn more about her journey and her tips for future fearless founders.
Daniel Noskin ‘14 is an entrepreneur at heart. The first time he came to the Dingman Center was in September of 2010 to attend the first Pitch Dingman (now Innovation Fridays) session of his freshman year. Only on campus for a short time, the 17-year-old self-starter was excited to pitch his first business idea. Daniel developed the idea for Greek Recruits, a social networking site that facilitated Fraternity Rush on campus. His original Greek Recruits co-founder was Scott Block, another student entrepreneur who is now working on the startup, VentureBoard. The pair later went on to become two of the co-founders of the Startup Shell, UMD’s first ever student-run incubator. After spending many one-on-one advising hours with Entrepreneur-in-Residence, Harry Geller, Noskin persisted and was selected to compete in the Pitch Dingman Competition in the Fall of 2011. Although he did not win, Noskin competed again in February 2013. Continue reading →
We first began working with Diagnostic anSERS a few years ago when Sean Virgile began coming to the Dingman Center for advising. Since then, Sean has competed in Cupid’s Cup, become a Fearless Founder, and moved into M Square Research Park. Take a look at the latest press release from Diagnostic anSERS for an update on the company.
Diagnostic anSERS has introduced a groundbreaking SERS sensor that enables trace chemical detection for only a few dollars per test, a sensor that is poised to bring SERS into the mainstream.
SERS, or Surface Enhanced Raman Spectroscopy, enables measurement of a molecule’s uniquely identifying Raman “fingerprint” at trace levels. While Raman alone can only identify bulk materials, SERS enables the sample’s molecular fingerprint to be obtained at millions of times lower concentrations than would be possible using Raman alone.
By applying a sample to a SERS substrate (sensor) and measuring the fingerprint with a handheld spectrometer, molecular identification can be carried out at the parts per billion level in under a minute. Despite this incredible promise, SERS has been hamstrung by the high cost of commercially available SERS substrates, at $50-100 per disposable sensor.
P-SERS™ is the first SERS sensor that is both cost effective, at a few dollars per test, and highly sensitive, outperforming the $100 market leader by 10-100× in independent testing. While existing substrates are rigid sensors on silicon wafers, P-SERS™ substrates are flexible and can be used as dipsticks or surface swabs as well as a cost-effective alternative to existing silicon wafer substrates. Diagnostic anSERS is able to achieve this combination of low-cost and high sensitivity through a patent pending technique in which roll to roll ink-jet printing is used to precisely deposit special nanoparticle ink onto paper and other flexible support materials.
These easy-to-use sensors can be used for detection of a wide variety of molecules, including drugs, explosives, food contaminants and taggants for anti-counterfeiting. Custom sensors are available which can be optimized for detection of targets which are difficult to measure and/or require ultra-high sensitivity, such as biological markers. Tests which previously would have required samples being sent to centralized labs, with the consequent multi-day wait and high price tag, can now be performed on-site. Affordable access to this class of ultra-trace detection enables practical screening in a wide variety of applications.
P-SERS™ research was recently featured as the cover article in the prestigious analytical chemistry journal Analyst. In this article, the researchers demonstrated detection of malathion, an organophosphate (class of insecticides and nerve agents) at 413 picograms. They also demonstrated detection of heroin and cocaine at 9 and 15 nanograms, respectively. Notably, these dipsticks and surface swabs were shown to provide repeatable, quantitative measurements, reporting the amount of drug residue on the surface (not merely presence/absence).
Eric Hoppmann, co-founder of Diagnostic anSERS, said, “We have combined best-in-class detection performance with ease of use and a game changing price point. While P-SERS™ substrates are a drop in replacement for existing substrates, what’s more exciting to us is the ability to apply this technology to address applications which were previously infeasible.”
P-SERS™ premiered at SPIE DSS 2014, a global conference on sensing for defense, security, industry, healthcare and the environment, held at the Baltimore Convention Center, Baltimore, MD, on May 5-9 2014.