Capital Connection’10 Showcased the Latest Technology Innovations


The two day Capital Connection’10 event organized by the Mid-Atlantic Venture Association (MAVA) provided the opportunity to 40 early stage and 15 later stage companies to pitch their products and services to hundreds of  advisors, government decision-makers, angel and institutional investors from all over the country.

Indeed, time flies. Although it was about ten years ago I presented my telezoo to the same crowd at the same event, but it feels like yesterday when I  landed my $5 million VC funding from Lazard and snatched their associate, Marie-Louise Murville as my VP of Marketing a month later 🙂

This time around, I didn’t attend the event as an entrepreneur, nor as an investor, but as a Press person.  Those who knew me from the web 1.0 era had a good laugh seeing me with this badge 🙂

I only made it to the first day of the event to check out the early stage companies. Although, they all did a great job showcasing their solutions, the following companies caught my attention the most and looked more promising – assuming they also do a good job in their execution of course:

Agentek: Their technology is  a mobility software solution for companies whose  field engineers performance is critical to the success of the company.  The product is built for those companies who send out technician or field engineers to the customer site and pretty often they are  needed to provide the customers exactly what they need.

With Agentek’s field service applications  connected to the enterprise systems, the field force  can  complete  more work orders per day, delivers on time outstanding service, and nets high scores in customer satisfaction.

Their product would have been pretty handy to me when I used to work at the client sites (US Army & Airforce bases, and Pentagon) during my Yurie days supporting US service men in Bosnia in the  late 90’s.

Syncplicity: They are in the crowded market of online storage. Their solution provides file synchronization, back-up, and sharing. The service allows users to protect files with real-time backups and to share their files with others. Syncplicity offers unlimited storage,  one click syncing and file sharing.
0pt auto; display: block; width: 425px;”> Vodpod videos no longer available.

Notable Solutions (NSI): Their solution eliminates the expensive and time-consuming manual document processing in the corporate environment.   The time everyone in corporate environment  spends in  copying invoices and other docs could be saved by NSI‘s platform.

The process  is as simple as 1-2-3….

Capture both paper and electronic documents from virtually any source – from a desktop PC to a network scanner, MFP or copier – and send them to multiple destinations.

Process all types of documents, including images and forms, into a variety of formats, such as text searchable PDFs or Word. Easy-to-use image enhancing features improve document quality.

Route documents to virtually any destination: fax, email, network folders, PCs, as well as leading document management systems (DMS).

Their capture, process and route process will enable your organization to easily convert your high maintenance paper and electronic documents into weightless, searchable, and easy to manage digitized information.

Here is a demo of their product, Autostore:

Motionsoft: They are provider of software and financial services to membership based businesses. The company already provides membership technology solutions to several big name companies like Equinox, Crunch, Urban Active and about 100 other Gold’s Gym locations throughout the U.S.

Check out their brochure here

Previous round of funding: Bootstrapped
Seeking: $6 M
Revenue: 2010E $12.5 M
HQ: Silver Spring, MD
Number of Employees: 60
Use of new fund: Sales & Marketing, Expansion into Adjacent Markets, R&D

Miserware: The company creates software to reduce energy waste in servers, PCs, and laptops with the focus on saving energy in the data centers.

MiserWare
offers two type of software products – Granola for consumer and ServerMiser ES for enterprise.  They are crurrently  trying to push their Granola software which is free. They passed 50,000 downloads in the first month so far and counting.

Given the focus the Obama Administration has put on the green technology, they shouldn’t have any problem raising the funding they need.

Previous round of funding (s): Seed debt round ~$600K
Seeking: $3-5 M
Revenue: Pre-revenue.
HQ: Blacksburg, VA
Number of Employees: 7
Use of new fund: Execute got-to-market strategy, generate revenue, increase market share.

Koofers.com: They are an interactive community that serves the academic needs of college students through information sharing.

The company helps students to make the relatively opaque process of class and teacher selection fully transparent, by providing grade distributions and teacher feedback to allow a student to shape their individual class schedule, based on their own needs and style.

Once a student has started the semester, Koofers provides help by offering access to a collective repository of study guides, past exams, etc.  Koofers also supports ongoing communication between students and teachers through its community tools.

Fund raised: about $2 M
Founded: 2008

Cut2it: Their solution allows users to share, engage with, and collaborate within a video. Their targeted audience are enterprise, government, education, and media.  As a stand-alone platform served from the cloud or integrated with existing video 1.0 infrastructure behind a firewall, cut2it enables users to engage in rich conversations about the most important moments within a video and synchronize those moments with other content types – all from a browser. cut2it is the platform that ensures that enterprises get real returns in learning and collaboration from their investments in video.

Kidsafe: Their online and mobile solution connects you to your child’s digital world with the focus on social networks and the mobile phone.  KidSafe will help you educate and engage your children so that you can teach them healthy online habits while helping you to protect them from the scariest digital dangers – cyberbullying, sexting and online predators.

In addition to a bird’s eye view, thye also identify the things you are most concerned with… risky activities, risky connections and developing threats to your child’s safety and well-being.

As a father of two, I will try out the product and might do another blog about my experience with it.

Watch their demo here

Bookmark and Share

About Elias Shams
I have been a serial entrepreneur in telecom and social media space for past 12 years or so. I hold a M.S. degree in Telecommunication Engineering from the George Washington University and a B.S. degree in Electrical Engineering from the University of Maryland. I’ve lived and worked in many countries and cities including London England, Tehran Iran, Bonn Germany, Paris France, Alicante Spain, Delhi India, and my favorite of all Washington, DC of great US of A. Two of the greatest Washington, DC based companies I worked for and very proud of are Yurie Systems which was sold to Lucent in 1998 for $1.23 B and telezoo.com that I founded in 1999. I am currently the founder and awesomizer @ awesomize.me

5 Responses to Capital Connection’10 Showcased the Latest Technology Innovations

  1. Stephen Day says:

    Very nicely done synopsis. Quite useful.
    Thank you.
    Stephen Day

  2. Goran Lukic says:

    I like Cut2it, but the demo isn’t up. Also, I agree that Miserware is a looker as long as it is not easily replicable IP. KidSafe looks like a good bet as well, though competitive responses from the telecom companies should be considered just a matter of time.

  3. Steve Britt says:

    Thanks Elias. You are obviously out of Searchles? I helped coach you as part of the Grubstakes breakfast process. Just wondered about the new gig, which obviously may not be that new.

  4. What great feedback!!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: