By Joe Procopio
There really is no such thing as overnight success in the startup universe.
Just as it’s been a long road for Triangle Startup Factory, going back to the conversations I first had with Chris Heivly some three years ago, when the idea of an accelerator in the Triangle seemed so crazy that it just might work, it’s been a haul for the five companies that make up its inaugural class.
ExactByte makes Archive Social, a software-as-a-service solution for automatically keeping business-compliant records of an organization’s social communication (Facebook, Twitter, LinkedIn). I first started following CEO Anil Chawla’s entrepreneurial exploits while he was still with IBM a couple years ago, and finally wound up covering him, ExactByte, and Archive Social when he presented at Launch Days back in January.
As I mention in that column, Anil has been on the startup scene for years, he’s been a fixture at ExitEvent since the first one (he even let me beat him at ping pong back in December), and he was at Startup Happy Hour Wednesday night looking all smiley and what not.
Ruzuku has been at it just as long if not longer. They allow creation of online courses and learning communities for instructors – anyone from bloggers to coaches to speakers who want to put structured instructional material online. I first met Rick Cecil over a decade ago when he was building UX for clients at hesketh.com (almost before anyone knew what web UX was). Abe Crystal first told me about Ruzuku early in 2010, and they also presented at Launch Days in May of that year.
Making athletic training more productive
RxAnalytics uses machine learning algorithms and data analysis to make athletic training more productive, resulting in maximized performance. When I last saw Deepak Gopalakrishna, it was via Skype in February when he pitched to the Carolina Challenge from a coffee shop somewhere in DC. He was in DC because he had been pitching in person earlier that day. RxAnalytics was also a Startup Stampede company in mid-2011.
Arcametrics has created a data engine that allows financial and healthcare marketing professionals to pool relevant customer data across from multiple sources without compromising privacy. Admittedly, this is the company I know the least about and there is little information online, but I found some stuff on them dating back to 2008, which is exactly two forevers ago in startup time.
Berst is an app that lets you communicate with groups of people at specific locations where you share a common context. Matthew Ramsden and Caleb Foster developed the app as a side project and then took it to Chicago’s bi-monthly Technori Pitch event in October where they demoed the app to 500 people.
Yes, they are the youngest company of the bunch, but remember, this is an accelerator, not an exit.
I caught up with Heivly on Wednesday (surprisingly, not at any of the three startup events that took place that night) and he was genuinely excited about the class. It also means good things for the region, with TSF having pulled a much greater pool of applicants from the area, 55% local as opposed to 25% local during the late 2010 LaunchBox Digital application process.
The class is mostly local too, and it’s that way on merit, with absolutely no preconceived desire to pull local startups into the accelerator.
It bodes well.
Joe Procopio heads up product engineering for automated content startup Automated Insights. He also founded and runs startup network ExitEvent, consulting marketplace Intrepid Company, and the Intrepid Media writers network. You can read him at http://joeprocopio.com and follow him at http://twitter.com/jproco.