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TIA Summit Series

By Mary Galvez on October 31, 2017

Henrik Scheel - StartupX

The TIA Summit Series is a workshop and speaker series for the entire campus, covering entrepreneurial topics. The series was developed by a TIA student three years ago to supplement the curriculum of the monthly TIA workshops. We’ve hosted workshops on building a website on a shoestring budget; how to make a Kickstarter video; how to conduct surveys for market validation; and how to 3D print. Speakers have included Sian-Pierre Regis ’06 on how to build a personal brand; Deborah Tutnauer ’81 on how women can demand their worth; and Cindi Bigelow of Bigelow teas on running a successful family-owned business. We partner with clubs, academic departments, or offices such as when TIA students present at department brown bags or similar events. Students have presented to the Women’s Studies brown bag that is typically attended by over 100 students each week. Other examples are students with technology-driven ventures who have presented at Computer Sciences; ventures with a social component at the Center for Outreach, Volunteerism, and Education (COVE); and ventures around sustainability or are environmentally conscious at Environmental Studies.

One current goal of the series is to highlight our belief that entrepreneurship is not just about starting a business; but rather is about identifying a problem and creating a solution for that problem. Through the Summit Series we are able to demonstrate how entrepreneurship can be applied to just about any academic or personal interest.


Startup Experience – NYC
January 13 – 17, 2018

As part of the TIA Summit Series, we are excited to bring the Startup Experience 2-day entrepreneurship program to Colgate University! The Startup Experience is an intensive hands-on workshop for future entrepreneurs and social innovators.

This is a unique opportunity to learn what it takes to become a successful entrepreneur. Students will hear from experienced global entrepreneurs and will work in a team to transform a big problem into a new opportunity for a startup company. During the program participants will learn what it means to have an entrepreneurial mindset, how to be more creative, how to test innovative ideas, and how to build a real viable company in just two days.

The workshop will be led by serial entrepreneur Henrik Scheel who grew up in Denmark but now lives in Silicon Valley, California. Henrik brings a wealth of experience from the startup ecosystem in San Francisco and has worked with entrepreneurs in 25 countries around the world.

This program is for anyone interested in being a change maker – the skills learned can be applied in all industries and in all careers.

The workshop will be followed by an immersion trip to New York City. Students will spend one full day visiting startups in the city capped off by a Colgate Professional Network event in the evening. This is a perfect opportunity for students to experience first hand the fast-paced and exciting world of startups at every level.

The workshop and immersion trip are sponsored by Thought Into Action, Entrepreneurship at Colgate and the Fox Leadership Endowment. Thank you to all who support these initiatives so that we are able to provide these experiences for our students.

 

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Trial in Shark Tank spurs alumnus to forge ahead

By Dan DeVries on October 2, 2017

Students gather to watch Ryan Diew ’17 on Shark Tank, October 1. (Photo by Andrew Daddio)

Much has happened since Ryan Diew ’17 stepped in front of cameras in early June to pitch his travel app, Trippie, on ABC’s Shark Tank.

Investors on the season nine premiere that aired October 1 pulled no punches in their criticism of the app, but Diew says he took their advice to heart, and he has been hard at work making Trippie the best airport navigation tool available on the Apple Store.

“I really have taken heed of a lot of their advice,” said Diew. “I think that I let my emotions get the best of me toward the end. I am really passionate about this, and I broke down, and that’s something I’ve learned from. I’ll never do that again.”

Trippie has expanded from four to 16 airports since the Shark Tank episode was filmed in June, and it now covers locations that account for 82 percent of all U.S. domestic air travel.

Ryan Diew ’17 (Photo by Mark DiOrio)

Despite being chewed to pieces by the “sharks,” Diew said that in the hours after the episode aired, Trippie was downloaded nearly 12,000 times before the web server he rented to keep up with demand crashed from the traffic. Even with technical problems, Trippie ranked 21st in travel on the App store on Monday, Oct. 2, and Diew expects his Android version to launch later this week.

“This was the chance of a lifetime, and I don’t regret any of it. The progress that we’ve made since my pitch has been amazing,” Diew said. “We’ve expanded and added functionality, making the app better. I’ll just continue to keep pushing.”

Colgate Associate Vice President of Institutional Advancement and Career Initiatives Michael Sciola said he admired Diew’s willingness to put himself in front of an audience of millions in pursuit of his entrepreneurial dream.

“At Colgate, we teach our students that it is impossible to win a game if you are afraid to take a shot,” Sciola said. “I admire that Ryan took the chance to move his business forward and know that he will use this as a learning experience. I cannot wait to see what happens next!”

Thought Into Action Alumni Executive Director Wills Hapworth ’07 said he’s been impressed with Diew’s grit and resilience. “His response to Shark Tank and Mark Cuban’s tough questions was to double down on product development and growth so he would be prepared for the bump he expected after the episode’s airing. He was laser focused over the past few months. That is the heart of a true entrepreneur. I know these are traits that have served him well in the classroom and on the basketball court, and now hopefully in business as well. It will be one of the marks of his life going forward. We are proud of Ryan.”

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Alumnus Ryan Diew ’17 dives into Shark Tank

By Dan DeVries on September 25, 2017

Ryan Diew ’17

A fledgling idea, born during an airport layover and cultivated with the help of Colgate’s Thought Into Action Entrepreneurship Incubator, has landed a recent alumnus on the two-hour season premiere of ABC’s Shark Tank, this Sunday, October 1, at 8 p.m.

While a press embargo restricts what exactly happened when Ryan Diew ’17 plunged into the tank to ask for funding from America’s most beloved — and sometimes reviled — venture capitalists, he promises the appearance is one to remember.

“I think they liked the idea, they liked my hustle, and they liked my grit,” said Diew, who graduated with a degree in computer science and played Division I basketball while at Colgate. Diew said he expects to appear during the show’s second hour.

Diew came up with his business, a phone app called Trippie, when he was a sophomore traveling from Colgate to his home in Oakland, Calif. During a long layover, he wanted to grab some food, but he also didn’t want to lug all of his carry-on baggage through the airport. So, he let a stranger watch his bags. He also didn’t want his quest for food to result in a missed flight.

Ryan Diew on the court

He thought there had to be a better way. So, he invented one.

“Trippie is essentially an airport mapping service that allows travelers to explore a detailed interactive map of the airport to immediately get the lay of the land,” Diew explained. “It displays menus, reviews, hours, and even calculates how long it takes to get to your favorite food spot or restaurant so you don’t miss your flight.”

Trippie wasn’t always about helping travelers quickly locate food or stores in airports. When he first brought his idea to the TIA incubator, Diew was hoping to develop an airport food delivery app.

“If I really wanted this idea to be a thing, TIA was the place to go,” said Diew, but the experienced alumni entrepreneurs in the group quickly poked holes in his plan. “They pushed back immediately. When you’re in college and you have no experience, how are you going to hire the employees in the airport? How are you going to do this, do that? There’s was so much red tape, but I didn’t want to give up.”

Diew taught himself how to code Swift, one of the most popular app development languages, and he has worked to refine the product ever since. He also worked with former Colgate student Samantha Braver, and the two pitched Trippie at the 2016 TIA Entrepreneur Weekend, where they took away more than $22,000 in funding. Braver later left Trippie for a job at Apple.

In 2017, Trippie was selected as a TIA Entrepreneurs Fund recipient, which gave Diew $15,000 toward his venture and workspace in the downtown Hamilton incubator to work full time on his product. He was contacted for the Shark Tank opportunity after his business appeared in an Inc.com Coolest College Startup competition.

“Above all else, Ryan is insanely passionate about Trippie, and all of his mentors have seen this and admire this about him. In his view, the world will cease to exist without the app, and that’s exactly the mentality that every entrepreneur needs to have,” said TIA Alumni Executive Director Wills Hapworth ’07. “As we say in TIA, passion is the fuel for action, and that’s exactly what has kept Ryan coming back to the challenge of Trippie, despite setbacks and pivots. We are very confident he will figure out how to thread the needle and make Trippie a huge success that helps millions of people!”

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Entrepreneurs Fund in Action

By Wills Hapworth on July 31, 2017

eFund 2017 (l-r) Rob Carroll ’15, Pat Crowe ’18, Grace O’Shea ’11, Matthew Glick ’19, Jack Zamore ’20, Cody Semrau ’14, Nick Freud ’15, Mary Galvez & Wills Hapworth

Hello Colgate Entrepreneurship Community!

We are excited to share that we just wrapped up another high-energy summer of the Colgate Entrepreneurs Fund (eFund); we are also sad to see the teams go! Here are the ventures that made up the 5th eFund cohort and with whom we had the fortune of working over the last six weeks.

The teams worked 24/7 on their ventures at the TIA Incubator in Hamilton and during that time we witnessed numerous accomplishments, including: celebrating their first sales; making hard and critical decisions about their product based on customer feedback; aggressively hunting down leads from the Colgate/TIA network; making their first hires; learning the do’s and don’ts of effective selling; sharing best practices on business operations with one and other; and more. Here is a bit more on what transpired while the teams were in Hamilton:


5th Year of the Entrepreneurs Fund by the Numbers

  • 5 new teams participated this summer from June 5th – July 14th
  • $65K in grants awarded to the ventures, many putting these funds to work on digital marketing, product development, hiring, legal and more
  • 40+ mentors engaged more than 100 times
  • Mentors (alums, parents, faculty, staff and community members) collectively gave over 450 hours of their time mentoring both in person and remotely

We heard first-hand how much the teams benefitted from the Colgate community and the hours of mentoring they received, and how immensely grateful they are for the experience. The teams now continue on in their journeys to build profitable and high growth businesses, buoyed by TIA and the larger Colgate entrepreneurship community, which we repeatedly say is a membership for life. We are extremely proud of all that they accomplished this summer, and thrilled to see them join the eFund legacy, which has had an impressive impact since its inception. Here is a little more on what the eFund has accomplished over the past 5 years:


Entrepreneurs Fund Inception to Date

  • 27 teams awarded a seed grant to date
  • ~7 highly qualified Colgate alumni/parent entrepreneurs have screened the applications every year
  • $375K of seed capital deployed through generous gifts from alums and parents, with funds supporting product development, digital marketing, key hires, legal, and other growth functions
  • $11.9MM+ of investment capital subsequently raised by eFund teams
  • 17 ventures still currently operating; batting well over .500 which is great for startup odds
  • ~100 full-time jobs created and still filled by eFund ventures, and many more part-time positions created
  • 2,200+ hours of time donated by mentors, on average about 40+ mentors engaging more than 100 times every summer

Thank you to all the mentors that accelerated these ventures, to Colgate for fostering such a collaborative environment, to the entrepreneurs for their tireless work and making us all look good, and to the TIA team that keeps things running smoothly. Let’s keep the energy high and continue turning thoughts into action!

 

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2017 Entrepreneurs Fund winners at work in TIA Incubator

By Erin Burnett '19 on July 18, 2017

Founder Grace O’Shea ’11 (second from right) and her colleagues from room2learn, a company that provides custom-design solutions for school communities. She developed the idea for the company when she was working as an 8th grade science teacher and realized the need for more flexible classroom space.

 

If Grace O’Shea ’11 could describe her perfect work environment, there’s a good chance it would look something like Colgate’s Thought Into Action Incubator located in the heart of downtown Hamilton. After all, its spacious layout, flexible seating options, and co-working environment are exactly what her spatial design company, room2learn, creates for its clients.

Luckily enough, O’Shea spent the beginning of her summer in the incubator working to grow her company as one of the 2017 Colgate Entrepreneurs Fund winners. She belongs to one of five teams that each received a $12,000 grant, mentoring, and use of the incubator space for the summer.

The other winners included Patrick Crowe ’18, founder of Loophole; Rob Carroll ’15 and Nick Freud ’15, co-founders of CampusReel; Matthew Glick ’19 and Jack Zamore ’20, co-founders of Gipper; and Cody Semrau ’14, founder of BetterMynd. The fund was established in 2013 with a lead gift from Dan and Linda Rosensweig P’15, ’17 to support the business ventures of action-oriented start-ups that have at least one Colgate member on their founding team.

Although O’Shea and her team are still determining how they will allocate their funding, she says that the intellectual guidance they’ve received is priceless.

“Colgate has an alumni network like no other,” O’Shea said. “All the human capital that Colgate has to offer and the way that people lend their ears and advice to the TIA community — I think that’s pretty amazing.”

Successful entrepreneurism draws heavily on ways of thinking that are integral to a liberal arts education, explained Meg Blume-Kohout, visiting assistant professor of economics and TIA faculty mentor. “The TIA student-entrepreneurs throw their hearts, time, and effort into creating something new, and for many of them, their venture is an expression of their own identity and social consciousness.”

As for O’Shea’s secret to success? “Figure out if you have something valuable to offer,” she advised hopeful entrepreneurs. “Talk to people about it. Put a prototype in the hands of someone else. Don’t be afraid to take the first steps toward putting your thought into action.”

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Congratulations to Our 2017 TIA Graduates!

By Mary Galvez on May 23, 2017

Thirteen Thought Into Action students graduated in Colgate’s 196th commencement ceremonies May 21st. We couldn’t be prouder of each one of them and wish them the best of luck as they enter the next phase of their lives.

Adam Buys

Adam Buys
Sapling / WeRun App

Abeneazer Chafamo
Hyve

Blaise Desnoes
Earthprint Organics

 

 

 

 

 

 

Trippie

Ryan Diew
Trippie

Raffi Khatchadourian
Indify/Waffle Cookie

 

 

 

 

 

 

 

Jazmyn McKoy
Heart of Tabitha

Daniel Mosko
PetFed / Seela

Caroline Nichols
D’Eat It

 

 

 

 

 

 

Hannah S. O’Malley
UNRAVEL

Keane Sanders
Seela

 

 

 

 

 

 

Orion Schelz
Colgate Dining Club

 

 

 

 

 

 

 

 

 

 

 

Good luck to our graduating seniors! We’ll miss you and hope you’ll pay it forward by mentoring future classes of the TIA Student Incubator!

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Colgate hosts sixth annual Entrepreneur Weekend

By mhames on May 17, 2017

Colgate University, Thought Into Action (TIA), and the Entrepreneur Professional Network hosted the sixth annual Entrepreneur Weekend on April 29, bringing alumni, parents, students, and friends together for the first time in New York City.

The festivities included a panel conversation moderated by Forbes magazine tech editor Steven Bertoni ’02. The panel included: Samantha Radocchia ’11, co-founder and Chief Product Officer, Chronicled; Cliff Sirlin ’89, co-founder of the Domino Media Group and now managing director at LaunchCapital LLC; and Ram Parimi ’05, co-founder and vice president of sales, Social Tables. (Read more . . . )


2017 Colgate Entrepreneurs Fund Winners

By Mary Galvez on May 17, 2017

The Entrepreneurs Fund was created in 2013 in recognition of the large number of student and alumni entrepreneurs throughout the Colgate community who are solving problems and demonstrating an ability to execute. Open to for-profit and non-profit ventures with at least one Colgate member on the founding team, the fund offers prizewinners the opportunity to grow their ventures with seed capital; incubator space for the summer in Hamilton; and intellectual resources from within the Colgate community. The Efund was created in 2013 and initially funded by Dan and Linda Rosensweig  P’15, ’17.

Congratulations to the five teams chosen as this years winners of the fund:

 

BetterMynd is improving the mental health of America’s 21 million college students. BetterMynd gives students access to a network of certified mental health counselors and allows them to engage in teletherapy sessions. Cody Semrau ’14

 

CampusReel democratizes the college campus visit. We mitigate financial, temporal and logistical restraints that prevent prospective students from visiting campuses through a platform rich with video content from colleges across the country. Rob Carroll ’15 and Nick Freud ’15.

 

Gipper is a sports highlight app and service that harnesses a love for athletics to improve engagement and further advancement at high schools and colleges. Matthew Glick ’19 and Jack Zamore ’20

 

Loophole makes a rubber ring phone accessory that prevents you from dropping your phone while also improving how you use your phone. Patrick Crowe ’18 and Steven Stillwell (Towson University)

 

room2learn is a social platform and design consultancy that provides custom and affordable design solutions for K-12 schools shifting towards 21st century learning. Grace O’Shea ’11, Fernando Trujano, and Jane Zhang.

 

 

PAST eFUND WINNERS

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Inc. Magazine names two TIA ventures among Coolest College Startups

By mwalden on April 25, 2017


Last month, while the sports world was reveling in March Madness, entrepreneurs were tuning in to Inc. magazine’s Coolest College Startup competition to see which of 16 ventures would win the 2017 title.

This year, Colgate was the only university represented twice on the brackets — and both ventures made it to the third round of the competition, thanks to votes from the public: Trippie, the airport-guidebook app launched by Ryan Diew ’17 and Samantha Braver, and swimwear company Fair Harbor, founded by Jake ’16 and Caroline ’19 Danehy.

“We were incredibly thrilled and humbled to be chosen as one of the 16 Coolest College Startups,” Caroline Danehy said. “We definitely wouldn’t be in the position that we are in today if it weren’t for the support of Colgate’s Thought Into Action incubator and community at large.”

The Thought into Action Incubator pairs alumni and parent mentors with student entrepreneurs, providing the guidance and encouragement that undergraduates need to identify and overcome problems through new business start-ups. Fair Harbor and Trippie have also earned venture funding during the university’s Entrepreneur Weekend Shark Tank pitch competitions. (Read more . . .)

 

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Fifth Annual Entrepreneur Weekend

By Mary Galvez on April 20, 2016
Thought Into Action students gather on stage at Colgate’s fifth Entrepreneur Weekend celebration. (Photo by Gerard Gaskin)

Thought Into Action students gather on stage at Colgate’s fifth Entrepreneur Weekend celebration. (Photo by Gerard Gaskin)

Colgate and Thought Into Action hosted the fifth annual Entrepreneur Weekend, April 8–9, celebrating the relentless determination that goes into successful ventures and connecting students with veteran business builders.

The weekend kicked off with a keynote conversation on Friday night. Moderated by Forbes magazine tech editor Steven Bertoni ’02, the panel included Tyler Haney, CEO of Outdoor Voices; Payal Kadakia, CEO and co-founder of ClassPass; Jon McNeill, president of global sales and service at Tesla Motors; Clare MacGoey, CFO of Giphy; and David Fialkow ’81, managing director at General Catalyst Partners.

The Shark Tank–style competition was moderated by Peter Boyce of General Catalyst Partners and Rough Draft Ventures alongside Andrew Parietti ’10, president of Outdoor Voices. The panel heard from Thought Into Action students Samantha Braver ’18 and Ryan Diew ’17 of airport navigation app Trippie; Richard Sanders ’17 of the sports beverage company Seela; Miranda Scott ’18 of The Waffle Cookie, a socially conscious baked-goods start-up; and Rex Messing ’15 and Ryan Clement ’16 of the outdoor adventure firm Tuwa Tuwa, Inc.

After delivering their pitches and answering a series of questions from the pros, the students split a $20,000 pool of capital that will help them move their ventures forward. The first-place prize of $6,900 was awarded to Trippie; second-place $5,200 to The Waffle Cookie; third-place $4,100 to Seela; and fourth-place $3,800 to Tuwa Tuwa, Inc.

On Saturday, an expo-style event was held in the Hall of Presidents where twenty teams of entrepreneurs showcased their ventures to almost 400 alumni, parents, faculty, staff, and friends. Five teams alternated pitching their ventures during the afternoon to an enthusiastic and welcoming crowd. The weekend wound up with a reception at the TIA Incubator downtown with one final presentation by Jehdeiah Mixon ’18 and Hannah Shaheen O’Malley ’17 pitching their venture UNRAVEL.

Read the full article by Mark Walden from the Colgate Communications office.

Read the Maroon News article here.

 

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