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Depaul New Venture Challenge Chicago

This was the second year I’ve had the honor to serve as a judge in the Depaul New Venture Challenge since its inception. I’m proud of my Depaul undergraduate degree roots and continued association with Depaul University College of Commerce and am pleased to serve. Its a great business school that is active in creating a positive community impact. As the number of startups that I’m involved with grows in regards to business plans and financing and viral marketing plans and to be involved with giving feedback to entrepreneurs is most exciting. Raman Chada and his team should be proud of what they of what they have created as it has great potential to spark a renaissance in Chicago. I look forward to being involved in future years and hope that one day I might be fortunate enough to participate in scaling a Chicago based company that was born in this process!

Jason Jacobsohn wrote a nice summary of the May awards event, so I won’t add other details other than to say that Rania El-Sorrogy is in amazing entrepreneur who will likely create many companies in her lifetime and that I hope to get to know her better over time. Keith Schacht was also in attendance at the event and said a little bit about it.

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6 Reasons Google Did Not Need To Acquire Feedburner

Congrats to all the people I know at Chicago based Feedburner on the now official Google acquisition, but in all reality this deal didn’t have to happen! Let’s see why…

1. Google had already acquired the color orange when they bought Blogger!

2. Feedburner’s symbol is fire, which some folks relate to hell. If you believe this, Google will actually be acquiring evil.

3. Eric Olson of Feedburner (along with Frank Gruber and others) organizes Techcocktail, a tech community quarterly networking party in Chicago. Google could come to Chicago and throw a party all by themselves!

4. Google already had all of Feedburner’s IP because Rick Klau, VP of Publisher Services uses Gmail and Google Docs & Spreadsheets for all business deals! (Second source: talk at ABA TECHshow2007)

5. Google already has had adsense for feeds for a long, long time.

6. Once Google has access to the keys of legitimate RSS sources it will be able to determine the original source blog if it is using a Feedburner feed. When combined with Google Blog Search, Google could likely better control splogs in it’s blog search index which will reduce (MFA) made for Adsense site revenue!

Hey what is done is done though, I hope that funding for many more Chicago startups is now available!

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Google Disasterous with the Letter D

Apparently Google has considerable trouble in regards to the letter D.

First the Dmarc founders left Google.

Now http://www.dodgeball.com/ (dead link 11/2010) founders, Dens Crowley and Alex Rainert (please drop me a note if you read this guys), not only have left Google but they posed for a thumbs down photo that they have posted on Flickr, a Yahoo! property. The photo already has over 26,000 views and appears to have a viral element based on the view count growth, the interesting comments on the Flickr photo and a lot of blogosphere reaction. I’m trying to imagine how frustrated someone must be to post of photo of this nature, announce new project associations and state that they are throwing a party “to celebrate our escape”.

Putting my investment management hat on, I’d like for independent analysts to be allowed on the earning call this Thursday. If allowed to do so, I’d like to ask the following question, “Why is Google having such a hard time with HR and staffing issues, whether it is regarding hiring new employees, retaining pre-IPO employees (see podcast) or integrating acquisitions? Has Laszlo Bock’s background proven not to be the right style of leadership and is it time for a change?” The “all big companies are always ineffective” is a major cop out as there are big companies that are admired and in fact some cases adored.

Ideas on what to do with Dodgeball are everywhere you look. The comments on the Flickr photo are fascinating to read. P.S. When searching for these entries on Google Blog Search I found considerable splog/spam (MFA Made for Adsense) sites – Google should work to solve that issue.

http://spudswebnews.blogspot.com/2007/04/did-dodgeball-even-have-chance.html – Dodgeball Founder Departure – April, 2007 post – Dead link November, 2013

http://www.blogator.com/g/2833510 (dead post 11/2010)

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http://www.electrolicious.com/archives/2007/04/did_twitter_kill_it.html (dead post 11/2010)

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http://www.yugatech.com/blog/gooooogle/google-bought-and-killed-dodgeball/ Dodgeball Founder Departure – April, 2007 post – dead link 12 /2013

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http://mcmanus.typepad.com/grind/2007/04/two_dodgeball_f.html (dead link 11/2010)

“http://topicstop.blogspot.com/2007/04/google-alert-google_1007.html (dead link 11/2010)

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“http://ipfreaks.com/dreamscene/?p=2258” (dead post 11/2010)

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“http://www.tmesolutions.co.uk/web_design_kent/Marketing+News/2007-04-16/Google+dumped+by+Dodgeball+founders/3800849030” (dead link 11/2010)

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http://yummy.vermontconnect.com/cool/dodgeball-founders-leave-google-and-that-leaves-dodgeball-probably-dead/ (dead link 11/2010)

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http://google.blogoscoped.cn/?p=417 Dodgeball Founder Departure – April, 2007 post – Dead link November, 2013

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http://www.spiceee.com/pensaletes/2007/04/16/dodgeball-founder-quits-google-will-google-kill-the-serviceDodgeball Founder Departure – April, 2007 post – Dead post November, 2013

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http://www.teknolife.com/tech-news/disgruntled-dodgeball-founders-leave-google-infoworld/ post removed

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http://averageiq.org/dodgeball-founders-google.html – Dodgeball Founder Departure – April, 2007 post – dead link November, 2013

http://averageiq.org/dodgeball-founders-google.html – Dodgeball Founder Departure – April, 2007 post – dead link November, 2013

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EDIT: November 25th, 2012 – all of the URLs below are no longer active on the web, I’m removing them active link status:

http://youngmanhattanite.com/2007/04/ym-exclusive-dodgeball-founder-leaves.html
http://www.hypersuper.com/article/google-dodgeball-founder-quits-google-will-google-kill-the-service–610415
http://www.wayneporter.com/2007/04/16/dodgeball-knocked-out-by-twitter-google-snacks-on-dclk-is-twitter-next/
http://cellop.com/news/?p=2621
http://www.vecosys.com/2007/04/16/google-google-going-gone/
http://www.kpsforum.com/rss-news/10998-dodgeball-founders-leave-google.html
http://internet.webexpresspro.com/internet-news/disgruntled-dodgeball-founders-leave-google-infoworld
http://www.fixmood.com/dodgeball-founders-crowley-rainert-quit-google-in-frustration/2007/04/16/
http://techfold.com/2007/04/16/exodus-from-dodgeball-googles-growth-working-against-innovation/
http://www.infobong.com/wordpress/2007/04/16/linkdump-for-20070416/
http://pcniche.info/index.php/disgruntled-dodgeball-founders-leave-google/
http://indianinside.info/blog/2007/04/17/dodgeball-founders-quit-google/
http://socialnetworking.knowhow-now.com/blog/2007/04/16/disgruntled-dodgeball-founders-leave-google/
http://www.supermogul.com/2007/04/dodgeball_founders_dodge_veste.php
http://googlified.com/2007dodgeball-founders-leaving-google/
http://www.personalbee.com/227/12457964
http://dodgeball.sport-blog.biz/8626/dodgeball-founders-stop-playing/
http://mobiko.blogs.com/mutant/2007/04/dodgeball_found.html
http://coloradostartups.com/2007/04/16/overheard-at-the-googleplex/
http://ecpm.typepad.com/clickety_clack/2007/04/roundup_tellme_.html
http://www.vidfreeblog.com/2007/04/17/startup-meme-%C2%BB-dodgeball-founders-quit/
http://www.unofficialseoblog.com/2007/04/17/dodgeball-founders-quit-google/

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Illinois Innovation Accelerator Fund (i²A) Launched

It has arrived! The Illinois Innovation Accelerator (i2A) Fund, a $10 million seed-stage investment fund with an initial closing of $6.4 million in capital commitments. The i2A Fund is a member managed fund that will be administered by the Chicagoland Entrepreneurial Center.  The fund will make investments in well managed seed-stage companies in Illinois or willing to relocate to Illinois that have a demonstrated value proposition in a given market for their products or services.  The fund will make investments ranging from $250,000 to $1 million in each company.

I’m hoping it’s the first of many! There are many fine upstart companies here in Chicago starving for capital. I know David Weinstein and his crew worked hard on this and I’m hoping it’s a great success.