Monday, December 21, 2015

[VIDEO] George Deeb Talks Startup Marketing, Hot Chicago Startups & Coding in Schools with Tasty Trade

Posted By: George Deeb - 12/21/2015

Red Rocket's George Deeb was recently interviewed by Tom Sosnoff and Tony Battista for Tasty Trade's "Bootstrapping in...




Red Rocket's George Deeb was recently interviewed by Tom Sosnoff and Tony Battista for Tasty Trade's "Bootstrapping in America" program. In this video, George talks about startup marketing, hot Chicago startups and the importance of getting coding into the school curriculum.


George Deeb Talks Startup Marketing, Hot Chicago Startups & Coding in Schools from Red Rocket Ventures on Vimeo.


This video is courtesy of Tasty Trade, all rights reserved. Be sure to check out Tasty Trade's other "Bootstrapping in America" programs on YouTube.

For future posts, please follow us on Twitter at: @RedRocketVC


[VIDEO] George Deeb Teaches Startups How to Build Team & Advisors

Posted By: George Deeb - 12/21/2015

Red Rocket's George Deeb recently presented a "How to Build Your Team & Advisors" session for the new class of start...



Red Rocket's George Deeb recently presented a "How to Build Your Team & Advisors" session for the new class of startups at Founder Institute in Chicago. This video tackles the following topics: How do you find the right team to launch your company? How do you identify the right set of advisors? How do you manage your advisors? What are responsibilities and compensation for advisors? How do you identify the right roles to help you launch a product or offering? Do you expect the roles to change over time? How can recruit people to fill roles when you have limited resources? What metrics do you track when recruiting? Do you need a cofounder? What are some common pitfalls with cofounder? Is a team necessary to launch a company?

Sorry for the poor quality of the video.  But here it is:


George Deeb Teaches Startups How to Build Team and Advisors from Red Rocket Ventures on Vimeo.

And, here is the matching Slideshare to go with the presentation:



For future posts, please follow us on Twitter at: @RedRocketVC


Thursday, December 17, 2015

Red Rocket's Best Startups of 2015

Posted By: George Deeb - 12/17/2015

Red Rocket gets introduced to hundreds of startups each year, in the normal course of doing business, or via our involvement with Fire...



Red Rocket gets introduced to hundreds of startups each year, in the normal course of doing business, or via our involvement with FireStarter Fund, TechStars, Techweek, VentureShot, Founder Institute or other startup groups or events.  We wanted to honor the best of these startups that we met in 2015, in Red Rocket's 4th Annual "Best Startups of the Year".  This list is not intended to be an all-encompassing best startups list, as there are many additional great startups that we are not personally exposed to each year.  And, this list is not intended to be only for businesses that launched in 2015, it is open to startups of any age, that they or their advisors had some personal interaction with us in the last 12 months.  The business simply needed to have a good idea, good team or good traction, that caught our attention.  Congrats to you all!!

THE BEST STARTUPS OF 2015 (in alphabetical order):


Apollo Medical Devices (CEO Patrick Liemkuehler) - B2B Rapid Blood Testing Technology

Bitsbox (CEO Scott Lininger) - B2C Subscription Box That Teaches Kids to Code Technology

Block Six Analytics (CEO Adam Grossman) - B2B Analytics & Marketplace for Sponsorships

Boatbound (CEO Aaron Hall) - B2C Private or Captained Boat Rentals

Built In (CEO Maria Katris) - Localized Business Networking Websites for Digital Tech Space

Dose (CEO Emerson Spartz) - B2C Daily Dose of Amazing Content & Virality Platform

Fitspot (CEO Jonathan Cohn) - B2C On-Demand Personal Trainers to Your Home 

Fooda (CEO Orazio Buzza) - B2C At-Work Lunch Catering Platform from Local Restaurants

Growth Geeks (CEO Bronson Taylor) - B2B Freelance Growth Hackers on Demand

HighGround (CEO Vip Sandhir) - B2B Employee Engagement Platform

Home Chef (CEO Pat Vihtelic) - B2C  Weekly Home Meal Kit Deliveries 

Hooks (CEO Oleg Kozynenko) - B2C Push Notifications for Anything You Want 

Maiday (CEO Sara Bokan) - B2C On-Demand Home Cleaning Service

Networked Insights (CEO Dan Neely) - B2B Social Listening & Insights Platform

Otobots (CEO Arun Simon) - B2C On-Demand Auto Mechanics to Your Home

SoloInsight (CEO Carter Kennedy) - B2B  Smart Gates and Workforce Management Software

Uptake (CEO Brad Keywell) - B2B Internet of Things Data Insights Platform

WeLink (CEO Nathan Chandra) - B2B Location-Based Social Listening Platform

And, don't forget to check out the 2012 winners, 2013 winners and 2014 winners, many of whom continue to be doing great things.


Congratulations to you all!!  Keep up the good work.  


For future posts, please follow us at: @RedRocketVC


How to Evolve from Selling Widgets to Selling Wisdom

Posted By: George Deeb - 12/17/2015

I've previously written about the 1,024 different types of salespeople there are and the difference between selling simple produ...



I've previously written about the 1,024 different types of salespeople there are and the difference between selling simple products vs. ones that are much more complex and consultative in nature. I like to call this the difference between selling “widgets” vs. selling “wisdom.” So, what follows are some further thoughts on the difference between the two, the advantages of selling wisdom and ways in which you can effectively transition your selling efforts from "simple products" to "wisdom."

Read the rest of this post in Entrepreneur, which I guest authored this week.

For future posts, please follow me on Twitter at: @georgedeeb.


Thursday, December 10, 2015

The CEO's Role Must Change as the Company Scales

Posted By: George Deeb - 12/10/2015

I have previously written about The Role of a Startup CEO , during the company’s early stage of development.  But, if your company hit...



I have previously written about The Role of a Startup CEO, during the company’s early stage of development.  But, if your company hits is stride and starts to materially grow revenues, I thought it was important to talk about how the CEO’s role needs to evolve as the company starts to scale. For simplicity sake, I am going to compare the role of a CEO in businesses between zero to $10MM in revenues (early stage), versus CEOs in businesses between $10MM to $50MM in revenues (growth stage).

Read the rest of this post in Forbes, which I guest authored this week.

For future posts, please follow me on Twitter at: @georgedeeb.


Friday, December 4, 2015

[VIDEO] George Deeb Evangelizes Tech Coding for Core K-12 Curriculum

Posted By: George Deeb - 12/04/2015

Red Rocket's George Deeb has recently been working with his local school administrators to emphasize the importance of learning to...



Red Rocket's George Deeb has recently been working with his local school administrators to emphasize the importance of learning to code technology, which he feels is a major void in the current core K-12 curriculum, one which is designed for a different era of students and eventual workers.  As part of that, he was invited in to present this concept to the fourth graders in the school, which is shown in this video. So, although the message was delivered in a student friendly way, the message should equally resonate with parents, teachers and school administrators.

We share this video with you, because we feel every student in our country needs to learn the basics of coding technology by the time they graduate high school, the reasons of which are shared in this video.  If you feel this message resonates with you and you want to make a difference in your own schools, please share this video with your local school administrators.  Hopefully, our collective efforts in our respective school districts, will make a collective difference in our schools at the national level, and help lay the foundation for a strong economy of well-employed workers for generations to come.


George Deeb Evangelizes Adding Tech Coding to Core K-12 Curriculum from Red Rocket Ventures.

If you prefer to have something in writing to share with your schools, below is a synopsis of what was covered in the video:

WHAT IS THE GOAL OF GETTING AN EDUCATION

  • To increase your intelligence, and gain skills that will enable you to get a good job when you graduate?

KEY TRENDS—HIGH LEVEL JOB MARKET

  • The rising cost of living, is making it harder for people to retire.  (define cost of living)
  • When people don’t retire, it makes it harder for many college graduates to find good jobs
  • And, with the rising cost of college education, many college graduates build up big college loans without finding a job that can help them pay back those loans (define loan).

KEY TRENDS—TECHNOLOGY & ENTREPRENEURSHIP

  • But, the technology industry is exploding with lots of open jobs
  • Over 100,000 open tech jobs in Chicago alone, up 2x in the last year alone
  • And, these tech jobs are in such short supply, not enough trained technologists, the ones that are trained quickly have companies competiting for them, and paying them big salaries in the $100-$200K range
  • This is fueled by technology companies like Google, Apple, Microsoft, Amazon and 1000’s of others you have never heard of
  • Technologies are even taking over non-technical industries like manufacturing via IoT, further accelerating the amount of companies that need technology coders 
  • The technology coding demand is highest around studying large amounts of data and driving insights that can help make better business decisions 
  • And, the U.S. are competing in a global ecosystem of businesses—up against companies in China, India and beyond, where others a growing technology skills a lot faster than the U.S.
  • In fact, the United Kingdom just required every student to learn how to code by the time they graduate from high school, in their core curriculum
  • Even the Chicago Public School system has followed suit, rolling out coding into its curriculum this last year.  Chicago Mayor Rahm Emanuel wants to ensure all kids learn to code, as vital to their success.

WHAT IS CODING?

  • It is not playing with your iPad or the apps therein.
  • It is coding the apps therein, writing the scripts that make the apps do what they do—the layouts, the colors, the movements, the content, etc.
  • And, although Kodable and Code.org teaches you how to think like a coder, through games.  It really isn’t teaching you to write the code itself.
  • We are talking about learning new technology languages with crazy names like HTML, Java, Python and Ruby on Rails.  There are literally hundreds of technology languages one could learn, based on the need of the technology.

SO, WHY DOES THIS MATTER?

  • Learning to code by the time you graduate from high school, ensures that you will easily be able to find a job, especially for the many families that can’t afford to send their kids to college, or don’t want to take on the big college debts without the certainty of finding a job.

WHAT ARE MY PERSONAL CONCERNS?

  • Most schools are not required to teach coding in the core curriculum, and many local parents in our district are trying to change that
  • The fear is kids today are going to graduate from high school without the skills they really need for this next generation of jobs.  And, if they can’t find jobs, that will ultimately hurt the U.S. economy and our country’s competitive position with the global economy.
  • And, there are hurdles when adding new stuff to curriculum, like what other subjects are you going to cut?
  • Where I think we can be creative—for art give the choice of pottery or digital design, for language give a choice of Spanish or HTML
  • Or, we can even be creative and offer extended class days, weekend programs or summer camps if it is important enough to you kids and your parents

WHAT ARE WE DOING ABOUT IT?

  • We are trying to get technology coding formally added to the core curriculum in our district as part of the school’s STEM programs.  So, hopefully, exciting news to come in the future.
  • In the meantime, there are plenty of other resources you can take advantage of outside of school, where you can learn how to code:  online websites, summer camps, etc.   

IN CLOSING

  • The school and the parents are going to really work hard to get you more coding experience for all the reasons discussed today
  • But, if we are can’t get it fast enough, take control of your own destiny, and ask your parents to find you coding classes after school or on the weekends, or coding camps in the summer
  • And, make sure your parents tell the school how much you are interested in learning stuff like this, so we can help accelerate our efforts, not only in our district, but for the whole state, if a successful pilot program can be done in our district.
  • Coding is no longer a nice to know, it is a NEED to know.  This is really important to your future, and I want to see you all succeed—not only today, but 8 years from now when you graduate from high school.  And, it all starts now!!

Be sure to read my companion piece that I wrote for Entrepreneur Magazine:  K-12 Curriculum Needs Major Overhaul to Develop Entrepreurship Skills.

For future posts, please follow George on Twitter at: @georgedeeb.


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