Tag Archives: DC Startup

Worth Reading 11/22/13

Global Entrepreneurship Week was a great success for the Dingman Center! From Tuesday’s Entrepreneurship Connector to Thursday’s Pitch Dingman Competition, check out some highlights in the below photo gallery. Thank you to those who celebrated Global Entrepreneurship Week with us.

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Now, let’s check out this week’s Worth Reading.

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Dingman Center Angels: A Year in Review

The Dingman Center Angels connects regional startup companies seeking seed and early-stage funding with angel investors. In this special edition of Worth Reading, we are featuring an info-graphic showing the metrics from this year’s investment season.

DCA Year Review (1)

Background on the companies Dingman Center Angel members invested in from September 2012 to August 2013.  

  • 6th Street Commerce: focuses on simplifying and streamlining the critical business processes associated with managing a successful E-commerce business.
  • Astrapi Corporation: Astrapi’s patented Compound Channel Coding™ (cCc™) allows for dramatic improvements in communication performance by smoothly integrating periodic and exponential signal parameters.
  • Brazen Careerist: a growing community of connectors, coaches, job-seekers, recruiters and entrepreneurs to help you find your next great opportunity.
  • Cirrus Works: a scalable integrated infrastructure solution that forms the basis of efficient technology management in commercial networking environments.
  • Distil Networks:  protects websites against web scraping, content theft and competitive data mining.
  • E-ISG Asset Intelligence LLC: delivers cost efficient solutions to help customers manage and track their assets so they can reduce costs and improve operation efficiency.
  • ExecOnline: provides every executive at the world’s great companies with access to superb training opportunities.
  • Foodem: an online trading, business intelligence, and process automation solution for the $670 Billion U.S. wholesale food distribution industry.
  • InGo: the revolutionary solution which brings data-driven value to face-to-face sales and marketing. InGo provides Social Event Marketing with Meeting Matching for show growth and guaranteed value for every user.
  • Mobile Systems 7: allows enterprises to securely deploy smartphones and tablets by monitoring deployed systems, securing sensitive data and enforce corporate policies without relying on software agents.
  • Naaya: a game-based social learning platform for Elementary Schools (K-5) focused on global and social studies and 21st Century Skills – Communication, Collaboration, Creativity, Critical Thinking, and Character.
  • Nexercise: a free mobile application that rewards users with virtual medals, discounts and free merchandise for good health.
  • Plant Together: a platform to mobilize youth and families, in partnership with other agencies, to plant trees and promote reforestation in critical zones on the African Continent.
  • Riskive: provides enterprise grade security technology dedicated to identifying, monitoring and preventing risk across the socially connected enterprise.
  • Spinnakr: increases click-throughs and conversions by automatically displaying the right message to the right visitor.
  • Visisonics: brings to market state of the art products and solutions in 3D sound capture, analysis and reproduction.
  • YaSabe: connects businesses, Latino culture and community by allowing users to be “in the know” and confidently make choices about how and where to spend their time and money.
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Student EnTERPreneur Develops a Better Way to Trade Fashions

This post is for all the gals out there looking for stylish clothes at a reasonable price. EnTERPreneur Academy member, Ayana Cotton, is building a fashion community that allows members to purchase clothing submitted by other users. Cotton takes a unique approach to her online shopping platform, Evlove, by not only focusing on fashion but building a system that delivers social impact. When a member of the community gives clothes to Evlove and no one acquires the clothes, those items are donated to a partner shelter for women.

This summer Cotton was one of seven EnTERPreneur Academy members to receive a $1,000 grant from the Dingman Center to evolve her startup. We recently interviewed Cotton about her progress. Take a look at where she is and where she’s going.

evlove

DCE:       Where did you get the idea for Evlove?

Cotton: Almost every morning I would wake up to get dressed and get confronted with the pain of having a closet full of clothes yet feeling like I had nothing to wear.  I had no time to deal with the pains of eBay or Etsy, or the disappointment associated with consignment shops and Goodwill.  I knew I couldn’t be the only girl that felt this way so I decided to address what was a daily annoyance to me and probably many other habitual shoppers.

DCE:       How did you come up with the name?

Cotton: Funny thing is, Evlove actually started out as a social activism blog I created as a Fashion Merchandising freshman gallivanting around New York City and resisting materialism; the irony.  Evlove is evolve spelled backwards and it’s inspired by the idea of looking back and learning from our past mistakes to build for a better future.  The name originally fit the mission of the blog, and it still fits the mission of our business model today only this time we’re focusing on coming up with more sustainable solutions for shopping habits.

DCE:       How do you plan to use the $1,000 grant from the Dingman Center?

Cotton: The $1,000 grant from Dingman was a serious game changer for us. We were able to hire a programmer to enable us to add user’s points directly to their accounts, and he added “Buy with $” and “Use with Points” buttons.  The grant enhanced our user interface and overall website usability, the site is less confusing, we were also able to stock up on necessary shipping supplies, and make smart logistical investments.

DCE:       What have you been working on this summer to further your business?

Cotton: The first order of business was to improve the website’s usability, now our main focus is on user experience.  We’re investing in branding efforts, anything that will add visible value for the customer, and I have access to a lot of local and NYC fashion influencers who we’re getting to try Evlove for free so they can share their experience with their followers.

DCE:       Do you have any goals for Evlove that you hope to complete by the end of 2013?

Cotton: My biggest goal is to raise $10,000 before the year ends.  I’ve realized our customer really needs to see the value of using our service before they jump in, and with that comes a photography budget, videographer budget, a contracted graphic designer, custom branded Evlove bags and stationary, supplies, someone to help with content and turnaround time for product listing and point rewarding, marketing budget, etc.

DCE:       What has been most challenging for you?

Cotton: Financially bootstrapping this thing and convincing customers we’re not some obscure college girls trying to steal your clothes.  Since the idea is so different we have a lot of people who still aren’t so sure yet.

DCE:       Do you have any competitors? How do you differentiate?

Cotton: I would say our two biggest competitors are Nasty Gal and 99dresses.  While Nasty Gal is simply a regular e-commerce site, they have done such an unbelievably excellent job at winning the hearts of our target consumers that they don’t mind paying their prices.  But our obvious advantage is we’re way more cost efficient and we have a mission to promote social responsibility.  99dresses is pretty similar to us, only they use “buttons” instead of “points” and they are pretty similar to sites like eBay and Etsy because they make you photograph, post, and ship your items individually…our customer doesn’t want to have to deal with that.

DCE:       What kinds of resources will you need next?

Cotton: Money, an Evlove generalist, money, and a mentor.

ayana
Find out more about Evlove: www.shopevlove.com

Instagram and Twitter: @shopevlove

www.facebook.com/shopevlove

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