BLOG: Before June 2012

May
29
2012
By Sohara Mehroze Shachi

The first speaker at this year’s YEI boot camp was Ka Mo Lau (YEI ’08), cofounder and Chief Financial Officer of PaperG  – an advertising technology company and online platform that enables businesses to connect over the summer and which was recently named one of Forbes’ 100 Most Promising Companies in America.

Ka Mo had some insightful and, at times, counter-intuitive insights to share with the fellows.  Here are his top 3 take-aways:

1.Ignore (most) advice. Listen to people’s logic and arguments to find out facts, but walk along your own path to explore your idea. You have to be willing to bet on your assumption and the only way to figure out if it works is to try it out.

2.Don’t get involved with a start up unless you are willing to do intense work – this is not a 9 to 5 job and hours will be long. If you are the head of the company, think about how different perks can incentivize employee behavior and effect morale.

3. Choose the right advisors. There are two kinds of advisors – those who give industry-specific advice and those who give high-level operational advice – and both are valuable. Use their time wisely and make sure you approach them with specific requests so that you can elicit helpful responses.

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May
24
2012
By Sohara Mehroze Shachi
Jason Dzilinski and Sohara Mehroze

 

Hello everyone!

Welcome to the summer blog of Yale Entrepreneurial Institute. I am Sohara Mehroze Shachi, the Social Media and Program assistant for YEI and a graduate of Yale College class of 2012. Along with Jason Dzilinski, my fellow social media guru, I’ll be keeping you updated on the summer fellowship, a 10-week business boot camp for promising, scalable ventures here at Yale.

This year, 12 student business ventures have each won fellowships (and up to $20,000 in grant funding) to pursue their ideas. They’ve moved into the YEI Incubator on Yale’s campus and started a “48 Hour Challenge” to make a key advance in their business in just two days.

Updates will be coming soon, so keep your eyes on the blog. Here’s to an exciting
summer!

Cheers,
Sohara

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May
16
2012
By Jason Dzilinski

Roammeo

In April, the Yale Entrepreneurial Society hosted the 2012 Yale Venture Challenge, which judges Yale ventures on their business models and implementation in the real world.

Industry professionals and business leaders reviewed the 22 applications this year and “the top 6 plans, determined by score, advanced to the final round,” said YES’s co-president Tony Wu (YC '13).  These six finalists pitched at YES’s Innovation Summit, competing to win a total of $25,000 in prizes to expand their startups.

Kevin Ryan, CEO and founder of Gilt Groupe, an online high-end flash sale site, was the keynote speaker of the Innovation Summit. “Ryan encouraged students to go out and try new ventures and not to be afraid,” said Avery Faller (YEI ’11, YC ’11), a co-founder of Roammeo, one of the finalists.

Ultimately, the panel of five judges awarded the first-place, $15,000-prize to Roammeo (YEI ’11), a series of web and mobile apps that help students find events going on around them in real time.  Roammeo’s CEO (Chief Exploration Officer) Jessica Cole (YC ’12) said of the win, “I was thrilled and realized that any number of us could have been in the top three due to everyone’s hard work and dedication to their companies.” Roammeo plans to use the prize to expand their web site, add new features, capabilities, and expand to the New York City and Washington D.C. markets this summer.

Second place and $7,000 went to 2012 YEI Summer Fellowship team, Red Ox Technologies, which is commercializing an electrochemical fuel cell based on Yale University technology.   “When the winners were announced, I was very excited,” said co-founder Claire Henly (YC ’12). “There were many great teams in the running and the pitches were impressive so to be there in the top three was a good feeling.” Red Ox plans to use the money to grow their scientific team to further their proof of concept.  

Little Salad Shop, a quick service restaurant focusing on healthy and customizable salads, wraps, and smoothies, won the $2,000 third place prize.  The process, co-founder Etkin Tekin (YEI ’11, YC ’12) said, “kick-started a lot of work that will go toward opening 2 more locations this summer.”

“The other teams were very impressive and put up stiff competition,” said Faller. “I’m happy to see that there is so much entrepreneurial spirit at Yale.”

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Mar
19
2012

After a record number of applicants this year and the most competitive pool in YEI's history, YEI is excited to announce the following fellows from across Yale University:

BeYou
Hilary Barr (YC' 12) and Tiffany Pang (YC '12)
An online social network for children and adolescents that are victims of bullying and peer pressure, providing an anonymous place for them to reach out to others.

Classroom Compass
Aaron Feuer (YC' 13), Alexander Tanner (YC '13), David Carel (YC '13), John Gerlach (YC '14)
A platform for K-12 schools and districts to easily collect student feedback and offer teachers clear reports with actionable insights.

Communificiency
Max Webster (YC '12), Sherwin Yu (YC '12)
Bringing the power of crowdfunding to energy efficiency by empowering local communities to collectively finance retrofits of local buildings.

Cronote
Aaron Abajian (MED '15), Ann Nguyen
A web technology to allow users to schedule an email or text message reminder about an upcoming product.

Dash
Amos Kim (LAW '12), John Cadengo, Andrew Park
An app that uses geolocation and a recommendation engine to help consumers pick a place to eat in real time.

PrepWork
Daniel Wolchonok (SOM '13)
An online service that does your meeting prepwork for you by creating “smart” interpersonal data – a way to analyze and discover what one user has in common with another.

Project: Optix
Vela-Susan Park (YC '13), Derrick Gomez
A dynamic daily deals website for discounted movie tickets.

Red Ox Technologies
Claire Henly (YC '12), David Kohn (YC '11)
An Electrochemical Desalination Cell, a Yale University technology that desalinates water while producing electricity and synthesizing valuable inorganic salts.

UnBuyThat
Neil St. Clair (GSAS '13), Brian Oduor (FES/SOM '12)
A secondary marketplace for the reselling of services, such as hotel and restaurant reservations and daily deal coupons.

Youlo.gy
Colin Mills (YC '13)
A life-affirming, dynamic social network for individuals to personalize and customize their own memorial celebration and share their intentions and stories with others.

YourGrid
Brian Marrs (FES '12), Jake Seligman (PACE/FES '12), Joseph Edgar (PACE/FES '12), Matthew Cooperrider (FES '12)
An internet platform for homeowners where they can choose new energy efficient appliances, thermostats, windows, and more that are financed entirely through net present value positive energy savings over time.

Keep an eye on the blog for updates from YEI's 2012 Summer Fellows!

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Feb
08
2012
BY AVERY FALLER

Earlier this week, Encendia Biochar (YEI ’10) unveiled its 2012 product line, which features two products: “Urban Blend” and “Spring Blend,” both proprietary biochar blends developed by the company.  The 1/3 cubic ft. bags, available at encendia.com, are stylishly designed with a rustic-looking print that explains the properties of biochar, and its potential uses and benefits.

Encendia was founded in 2009 by Michael Sesko (CEO), Justin Freiberg (Chief Marketing Officer), Peter Kuhn (Chief Technology Officer), George Collins and Bidisha Banerjee. It got off to a quick start when it won the 2011 Sabin Environmental Venture Prize, which is awarded every year by Yale University’s Center for Business and the Environment to an environmentally oriented, for-profit business.

As its name suggests, Encendia’s main product is biochar, which is a soil-enhancing, carbon-rich mixture, made from the pyrolysis of biomass, or in layman’s terms, the transformation of organic matter into a carbon-filled soil amendment.  Biochar is porous like a sponge, giving the soil the ability to retain greater amounts of water and fertilizer, increasing yield.  Also, microorganisms that plants depend on are able to colonize the surfaces of the biochar, decreasing the need for pesticides.  Although biochar has been known to increase the fertility of soil for hundreds of years, currently it is not widely sold in garden shops. Encendia is changing that. A growing number of stores across New York and New England are carrying its products.

 “One way to think about it is that the academic understanding of biochar has thus far outpaced the commercialization of it because companies are not sure if the market is ready for it,” Justin explained, adding, “In some ways, fertilizer is the high-fructose corn syrup of soil, giving a quick boost to the soil in the short term, while the benefits of biochar are longer-term. It keeps your soil stronger for years. Add the biochar to some high quality food for the soil, as we do, and you have a potent mix.”

While synthetic fertilizers are great short-term solutions, they tend to run off of soils. Encendia’s biochar blends are extremely durable and once applied, will continue to provide benefits to the soil for years to come, as evidenced in the historical terra preta soils of the Amazon basin, which remain bountiful centuries after biochar was incorporated into them.  Biochar also aids in the process of carbon sequestration by storing stable carbon in the soil.

Encendia’s current products were developed specifically for gardening enthusiasts with small indoor and outdoor gardens.  However, to test and optimize their biochar blends to the New England soil and weather, they have been working with  local partner farms with positive results.

The history of biochar as well as the visual properties of its bags will help Encendia create a brand-image and sell its product. Justin has been securing shelf-space for at local stores, and educating retailers on the properties of biochar, which they can then pass on to customers. Surprisingly enough, many of the store owners had never even heard of biochar despite working in the gardening industry, which just goes to show that the market is unsaturated. 

You can look for Encendia’s products in garden stores around Connecticut, or on their website encendia.com.  Both Spring and Urban Blends 1/3 cubic ft. bags are available for $17.95 a piece, just in time for Spring planting.

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