The Sierra Angels, Nevada’s premier, early-investor funding group, is launching a new program and fund to help incubate ideas and projects created through the University of Nevada, Reno that have potential for reaching the marketplace. The recently created Sierra Innovations and its Entrepreneur Fund will facilitate the development of successful innovation-based, scalable startup companies in the northern Nevada region.
You are invited to participate in the Biggest Little Startup Fair – Thursday, October 6, 2016 from 5-7:30pm at the Aces baseball stadium! The Biggest Little Startup Fair is largely run by volunteers looking to foster a thriving startup community and to raise awareness about startup jobs in Northern Nevada; bringing together local startups; students & faculty from Truckee Meadows Community College & the Career Studio at the University of Nevada, Reno; and other stakeholders from the Greater Reno-Sparks-Tahoe area.
A survey of the fastest-growing startup companies in Northern Nevada found that roughly half are run by women founders. This is far above the national average, according to the Kauffman Foundation Startup Activity Index that states that only 36.8 percent of new entrepreneurs are female. These local companies are very diverse, ranging from management software, to custom apparel, to biochemicals and consumer products. The Summit Venture Mentoring Service, a program managed by EDAWN’s Entrepreneurial Team, takes in early-stage startups and organizes a team of mentors around them to guide them towards success. Of the 23 startups supported by the program in the past year, 12 of them were solo female founders or had a female co-founder.
Launching a new business is an exciting time. But before you even open for business, you generally have to quite a bit of start up costs. You may have to train workers and pay for rent, utilities, marketing and more. Entrepreneurs are often unaware that many expenses incurred by start-ups can’t be deducted right away.
When you are bursting with energy to start your venture and preening yourself for investor pitching, money may be the biggest thing on your mind. However, getting the benevolent investor to back your startup is just half the battle. What about after the party is over and the last bottle of bubbly has been downed?
It is a given that your idea may not see the light of day unless you can articulate why potential customers of varying economies will want to pay for your product or service. As a startup co-founder with a scalable idea, you may (like many others) fall on the side of having more passion than dollars in your pocket. You will soon discover the goodwill from friends and family for funds, food, or shelter can diminish.
Picture an 18-wheel truck barreling down the highway with 80,000 pounds of cargo and no one but a robot at the wheel. To many, that might seem a frightening idea, even at a time when a few dozen of Google’s driverless cars are cruising city streets in California, Texas, Washington and Arizona. But Anthony Levandowski, a robot-loving engineer who helped steer Google’s self-driving technology, is convinced autonomous big rigs will be the next big thing on the road to a safer transportation system.