Written by Rick Stockburger First off, it was a lot of fun, considering the amount of time that we as founders spend alone and depressed. I always make sure that when you do spend that 1% of your time building community (99% should be focused on your product and customers) that it’s fun. Guiding Premise: This community is for Founders. Our focus is helping Founders. Our success depends on the success of our Founders and our Founders will be more successful if the community supports them. Ryan Frederick is a rockstar. I don’t know how else to say it. He’s a guy who’s been successful, failed, but pours himself into his startup community in Columbus. He really is one of the biggest catalysts of that ecosystem, and the fact that he drove 4+ hours to spend 45 minutes chatting and laughing with us is a true testament to that. The more Ryan’s we can grow in Northeast Ohio the better off we will be, of that I’m sure. Anna Bucholz gets it done. She’s always looking for opportunities to help. She really is what we can rely on as the fabric of our community. She epitomizes the qualities that we all should be aspiring to have in our little corner of the ecosystem. Courtney Gras is a true champion of Northeast Ohio. She now works remotely for TechStars. While she could literally choose to live anywhere in the world, she’s stayed right here because of you, for this community. When I think about what community is about, what it means to give without expectation, or to be willing to ask for help, I think a lot about the people and communities that have supported me. While sitting on this panel, I could see a lot of you that have poured into me and made me the man that I am today. It’s odd to think how much I really owe to my community; how many times I asked for help and was never turned down, how many times I needed to talk through something late at night and someone from the community was there for me. Ya’ll inspire me every day. When I think about supporting peers, I think about that cup of sugar I borrowed, and I always remember to share the cookies I make not just with the person that gave me the sugar, but with the rest of our neighbors too. Onward.
I’m very fortunate that I get to go to a lot of conferences around the country, but the chief complaint I always hear is being stuck in a hotel and not getting an opportunity to experience the city. The Energy Storage Building Efficiency Conference could be held in a hotel but we wanted you to have some adventure and show off a city that you might have never thought of coming to before. We believe that place is important. We’ve had companies relocate to Warren from across the country because the value the city offered them, not just our incubator. Our conference is going to be held on Courthouse Square in Downtown Warren, our breakouts will be at cool local venues and you will get to walk, navigate, and adventure through our cool little city. We’re inviting you to learn and be a part of and share our city for two days and we believe this will make the conversations, and the connections even more powerful. Also, if that wasn’t cool enough, the closing reception will be at the National Packard Museum, so you’ll close out your experience listening to gangster era jazz music surrounded by one of the most innovative cars to ever hit the market. The first Packard rolled off the line in Warren, Ohio in 1899. Innovation isn’t just about the people you surround yourself with, it’s about the inspiration a place can have on the experience. If you’re a startup in the energy sector, you must be here. Did you want to meet first customers like AEP, Dominion, First Energy, Rockwell and Others? Join us. I promise your company will be better for it. Manufacturer’s send your plant managers and Chief Technology Officers. Do you want to learn about cutting edge technology that can lower your bottom line significantly, and make your buildings run cheaper and more efficiently? This conference will give you more than something to think about it, it’ll give you the connections to act on those projects you’ve been dreaming about. Investor’s, do you want to learn about Opportunity Zone investing? We have John Lettieri from the Economic Innovation Group, the guy who partnered with Sean Parker of Facebook fame, here to tell you how to make good deals better and how to invest in companies and projects in places that your money can not only earn a return for you, but make a real impact in communities you care about. Beyond that, meet a plethora of investable startups and learn what they are doing to get your attention. Listen to early stage investors on how they make decisions, and what opportunities are out there. We consistently talk about how important it is to get our companies more access to capital, we need to talk more about how important it is for you to make sound investments into companies and projects that have a real impact. We’re excited to have you.
TBEIC can help you test PV inverters and other AC power and frequency products with its regenerative grid simulator located in the Energy Integration Lab. So, what’s all the hype about? Why are startups along with small and large companies interesting in the NH Research 9410 Regenerative Grid Simulator? We’re glad you asked. This machine will help companies of all scales validate their product with peace of mind. Newly released advanced output control features, improved manual control interface, and comprehensive drivers are among the most popular tweaks to the new model. The 9410 can simulate several abnormal AC-grad conditions including: sags and swells, full cycles, sub-cycles, multi-cycle disturbances, and voltage harmonics. Three programmable channels that allow for any combination of DC as well as 1, 2, and 3 phase AC outputs make it perfect for level 1 and level 2 EV chargers, V2G, UPS testing, grid-tied inverter testing, and EVSE systems. The modular design allows for power increase in 12kW increments to simplify compliance testing such as IEEE 1547, UL 1734, CA Rule-21, and LVRT through elite integration and programming adaptability. While the machine is in the regenerative (sink) mode it will send return power back to facility mains rather than being dissipated as heat. NH Research hit the nail on the head with their 4-quadrant, regenerative, rack-mountable grid simulator.
One of the exciting pieces of TBEIC’s Energy Integration Lab is the IoT lab. The lab is filled with useful Keysight equipment that we’re fortunate enough to be provided with. Here are details on just a few of the unique pieces that makeup a portion of our lab. The Keysight N6705C DC Power Analyzer can become a DMM, oscilloscope, arbitrary waveform generator, and datalogger. The interface has been revised to make it even easier to use. It outputs a beautiful dashboard to our desktop with data in units of seconds, minutes, hours, and days to see current consumption of the device under test. A test you can create on the power analyzer! Keysight 34460A 6.5-digit Truevolt Multimeter with 1000V max voltage input and 3A max current input. This device is perfect to test low power devices with low DC current [100 µA to 3 A]. The machine has color, graphical display with built in bar chart, histogram, and math stats to show results. The accuracy of the device allows for calibration of some of our equipment without the use of shunts. The 34460A gives a serious productivity boost! Keysight InfiniiVision MSOX4034A Mixed Signal Oscilloscope is the best on the market! Beginning with the massive 12.1” capacitive touch display screen to the Touch Zone Trigger feature. The unit has a built-in help feature that displays information on any button you press and hold down. The scope has an 8-bit digitizer or 256 discrete voltage levels on the screen for maximum signal resolution. The machine also has a consistent and quick update rate. When attached to a frequency counter, it sees 613kHz (waveforms) per second. The best thing is when enabling digital channels and serial decode, the update rate is not affected. This is accredited to the Megazoom IV ASIC Technology which does digital acquisition and serial decode in hardware. This machine handles memory depth automatically, hence the high update rate. The scope uses Segmented Memory feature to capture data you want and ignore the rest to maximize storage. Interesting in seeing the equipment in action? Contact TBEIC by visiting HERE.
This post is the second of a six-part series on some recommended steps to launching a startup business. (Here is the first post in the series.) However, there is no one way to start any business, so you should always consult multiple sources and/or authorities on what your business may need before you start it. Getting Funded Every business needs money to operate, and startups especially need money to get going. Startups need a business plan (as we mentioned in the first post in the series) to procure the money that can help them get the funding they need to begin work and to continue operating. Once you have made a business plan, you can give it to investors or financial institutions to procure funding or a loan. Types of Funding Incubators and accelerators are one form of early-stage funding for startup companies, usually called seed funding. Investors may give you money in exchange for an equity stake in your company if they see value in your company and its ideas. Financial institutions, on the other hand, will give you a loan with a somewhat high interest rate. Because of the lower cost of capital, it’s generally a better idea to get an investor in your business or go to an incubator or accelerator. Types of Investors Incubators, accelerators and investors all provide funding, usually for a stake in your company’s equity, but accelerators and incubators usually supply initial funding alongside support services and guidance. Until your idea and business is a little more mature, an incubator or accelerator is likely a better bet for your business to secure funding. After you’ve developed your business and are better able to demonstrate its value, seeking funding from a venture capitalist or angel investor is good idea. An angel investor is usually a single investor looking to invest a little in a company while exercising a somewhat higher risk tolerance. A venture capitalist is usually a large firm with a lot of money to invest which usually has a slightly lower risk tolerance. Finding Additional Funding Once you are ready to seek series A funding (your first foray into larger amounts of funding from investors) and beyond, finding venture capitalists is your best bet. For those residing in Ohio, you can seek out funding from Youngstown’s Valley Growth Ventures. VGV is a for-profit investment fund created to support high-growth companies across the state of Ohio. More Reading: https://www.forbes.com/sites/mnewlands/2017/03/02/how-to-get-funding-for-your-startup/#70ae3a0c1ccb http://www.valleygrowthventures.com/ References: https://neilpatel.com/blog/get-startup-off-ground/ https://startupnation.com/start-your-business/seed-money-entrepreneurs-get/