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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Cody Semrau ’14

When I graduated from Colgate back in 2014, I thought that I was leaving the hills of Hamilton far behind me. But after spending a few years working a corporate job in D.C., I found myself feeling unfulfilled. I wanted to do something – to create something – that I was really passionate about. What started as a part time hobby has now become the center of my world, and led me back to a familiar place.

Thanks to Colgate’s TIA Entrepreneurs Fund, I was able to make the jump into entrepreneurship full-time. After quitting my day job in May, I moved to Hamilton and have spent the summer working on my venture, BetterMynd, alongside four other teams of energetic and determined Colgate entrepreneurs.

BetterMynd is an online mental health and teletherapy platform designed exclusively for college and university campuses. We bring together a wide network of licensed mental health therapists and counselors and allow students to search from and have teletherapy sessions with their counselor of choice—all from the comfort and privacy of their laptops or smartphones.

When I was a senior at Colgate, I began experiencing my own mental health issues, and I was fortunate enough to get help from Colgate’s on-campus resources. However, the experience was an uncomfortable one. I had to carefully sneak into that building everyone knew as the Counseling Center. Then I had to sit in the lobby across from other classmates that were experiencing their own mental health issues. It was an awkward experience, but one I was willing to go through in order to get the help I needed. But many college students are not, and it is the reason why over half of students with mental health issues don’t get any help at all.

At the same time, colleges across the country are experiencing a significant spike in the number of students seeking mental health counseling, with the latest studies showing a 50% year-over-year increase in demand. Although this is a great sign that more students are seeking help, it’s not so great if colleges don’t have the resources to keep pace. One out of three colleges has a waiting list for students seeking counseling and most schools cap the number of sessions a student can have at six. Still, it often takes up to two weeks for a student to get an appointment.

By bringing more counseling resources to college students, and making these resources more accessible through our online platform, BetterMynd is empowering struggling college students to get the help that they need.

As part of the Entrepreneurs Fund, BetterMynd has had the added benefit of working closely with Colgate’s Counseling Center staff and other administrators. We will launch our first pilot program with Colgate this fall semester, with the hopes of expanding to other campuses later this year.

The Entrepreneurs Fund has allowed me to take BetterMynd to the next level. The program has not only allowed me to dive into entrepreneurship full time, but it has also given me the opportunity to tap into the expertise of dozens of Colgate alums on everything from marketing and branding to finance and law. As a young entrepreneur navigating the complex and challenging startup world, this mentorship has been invaluable. Although there are too many mentors to list here, I am sincerely grateful for all of your time and advice.

Lastly, I would like to give a special thanks to Wills Hapworth and Mary Galvez for all of your hard work and support in making this summer and The Entrepreneurs Fund such an incredible experience.

Cody Semrau
Founder & CEO, BetterMynd

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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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Rob Carroll ’15 & Nick Freud ’15, co-founders of CampusReel

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 with a lead gift from Dan and Linda Rosensweig P’15, ’17. Five teams were chosen to participate in this years fund that began May 30 and runs through July 14. Rob Carroll ’15 and Nick Freud ’15 of CampusReel, wrote the following article detailing their experience in the program.

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The atmosphere in the incubator is one of energy, optimism, and a friendly dose of competition. Each team wants to be the first one in the office, and the last one to leave; and with this particular group, it means that none of us sleeps much. We have weekly ‘scrums’ where we all sit together for an hour in the morning and discuss the current state of each company, milestones we want to achieve for the week, and problems in the business that we are working through. Addressing these issues as a team fosters a strong sense of community in the incubator, and results in all of us taking a vested interest our peer’s businesses. More than anything, however, the team building in the incubator is a very powerful way for us to gain a unique perspective from a group of likeminded entrepreneurs making their way through an exciting and unpredictable process.

The network that TIA has allowed us to tap into has been truly invaluable for us at this stage in the process. Over the past three weeks in the incubator, we’ve conducted upwards of thirty meetings with serial entrepreneurs, brand strategists, psychologists, lawyers, and other professionals who have helped hone our company vision, product development, and execution strategy. In a process defined by uncertainty, we feel so fortunate to be able to consult this prolific network of mentors as we navigate through this process. Building a company in the early stages is an exercise in efficient problem solving, with no real framework or precedent to inform each decision. It can be overwhelming at times, but we cannot overstate how motivating it has been for us to be able to speak with experienced professionals who were once in our shoes, and have now found high levels of success in their respective industries. Each mentor we have spoken to has been unbelievably warm and accommodating, and has provided us with the tools and information necessary to effectively build our companies.

Finally, we’ve very much appreciated the way that TIA allows us to be entirely autonomous as we build our companies from the ground up. On the first day of the program Wills Hapworth ’07 [Alumni Executive Director of TIA] met with all of us and explained that, as entrepreneurs, it is paramount that we all understand how to be disciplined and self-directed on a daily basis. The incubator provides us with all the necessary structures and recourses to excel, but it puts the impetus on the entrepreneurs to capitalize on the opportunity. At the end of the day, if we fail there is no one to blame but ourselves, and the same can be said for if (and when) we succeed!

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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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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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Wills Hapworth, Samantha Braver, Ryan Diew, Adam Pratt, Nick Friedman, Leda Rosenthal, Jenny Lundt, Amber Codiroli, Britty Buonocore

Congratulations to the five teams who were chosen as winners of the Colgate Entrepreneurs Fund announced at this years Entrepreneur Weekend. The fund was established in 2013 to grow and advance the ventures of Colgate student and alumni entrepreneurs who are solving problems and demonstrating an ability to execute. The winners are:

Trippie – a mobile app that takes the guesswork and turbulence out of navigating big airports.

Samantha Braver ’18 and Ryan Diew ’17

Halligan – easy to understand firehouse software so all you need to worry about is the job.

Alex Montgomery ’11, Drew Brien ’11, Adam Pratt ’18, and Nick Friedman ’16

Alz You Need – a communication interface designed specifically for families with a loved one suffering from Alzheimer’s or a dementia­-related illness.

Leda Rosenthal ’18 and Jenny Lundt ’19

Amber’s Natural Goods – a producer of all natural peanut and nut products, mainly nut butters, based out of Hamilton, NY.

Amber Codiroli ’10

Flour & Salt Bakery – a local retail bakery that caters to a niche market for breakfast, baked breads and bagels, and sweet and savory pastries.

Britty Buonocore ’12

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Jake Danehy ’16, 2nd from left with his co-founder, Caroline Danehy ’19, 4th from left and two friends

Earlier this year we had the incredible opportunity to pitch Fair Harbor Clothing in front of the sharks at E-weekend. It was an amazing experience and one that helped give us the confidence and funds to make our business a reality. After also being selected as an Entrepreneurs Fund award winner, we took our combined awards totaling $20,000 and launched our first line of board shorts, t-shirts, and hats. The winnings allowed us to work on Fair Harbor for the entire summer and give the company our full attention. After working at the TIA incubator in Hamilton for the month of June, we moved into our new WeWork office in NYC where our first line of clothing was finally delivered. The summer was a whirlwind experience and one that we will never forget. We filmed videos, cultivated unbelievable relationships, learned a tremendous amount, and even managed to sell over 90% of our first round of board shorts; ultimately recycling a total of 5,500 plastic bottles!

Due to the success of our first line, we knew we wanted to continue Fair Harbor, so we brought on a graphic artist who helped us bring our visions into concrete designs. After months of collaborating, we are extremely excited to release seven new styles of board shorts. In addition, we are manufacturing our own short sleeve and long-sleeve shirts made from the finest and softest organic cotton in the USA.

To fund this next line we launched a Kickstarter campaign, to sell pre-orders and ultimately build our brand awareness. We launched our Kickstarter on December 1st and hosted a Kickstarter launch party at the TIA incubator on Friday December 4th. We are so thankful for the generosity and support that TIA and the rest of the Colgate community has given us; it was an amazing night! By Sunday December 6th we had already hit our initial goal of $11,000!

Right now we are just under $15,000 and are trying to keep the momentum going! We need everyone’s help to make our Kickstarter an even greater success than it is now. Every sale that we make on Kickstarter helps promote our brand and ultimately keeps us in business. Please share our Kickstarter campaign with your friends, family, and relatives. We are so passionate about Fair Harbor Clothing, and everything that it stands for: clean living and the simple summer life. Every contribution helps in making sure that we keep our dream alive!

We will be shipping out our new line at the beginning of March, the perfect time for spring break.

Thank you so much, we really are so appreciative all your encouragement and loyalty to Fair Harbor Clothing. Please help us keep plastic waste out of our oceans and off of our beaches for years to come!

Sea’s The Day and Keep It Clean!

The Fair Harbor Team

Jake Danehy is currently a senior at Colgate majoring in Geography and is the co-founder & President at Fair Harbor. He is also one of the goalies on the Colgate varsity men’s lacrosse team. Jake is extremely dedicated and driven to accomplish his goals and aspirations.He is very environmentally aware and wants to make a difference in the world. Besides lacrosse, Jake also enjoys surfing, rock climbing, stand up paddle boarding, and golf.

Caroline Danehy, a first-year at Colgate is the co-founder & Chief Creative Officer at Fair Harbor.  Caroline has attended a fashion program at LIM College for several summers and has built strong relationships with many people in the fashion industry. She has had a fashion blog for four years now, and frequently updates it. Caroline is also very dedicated to the environment, and has a great respect for it.

Sam Jacobson is the co-founder and Vice-President at Fair Harbor and a senior at University of Southern California Marshall School of Business and a member of the Lloyd Greif Center for Entrepreneurship. He has had experience in developing enterprises in South Africa and has helped with the launch of apps like Treats by Clinkle and Toga (formerly GreekLink) in the California. Sam is from Larchmont, NY where he grew up with the Danehys.

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Amanda Brown ’15 (left) talks with a student at Entrepreneur Weekend in April.

Ten minutes.

That’s all it took to raise more than $30,000 for my fledgling non-profit organization, a U.S. branch of Children and Youth First.

That works out to about $50 a second.

Listen to Amanda talk about Life Vision Academy

The money will go toward building a new boarding school for 200 underprivileged children at the Life Vision Academy in Nepal, and it’s the direct result of the powerful Thought Into Action Entrepreneurship Institute (TIA) at Colgate University.

Specifically, this was a result of this year’s annual Entrepreneur Weekend on campus. E-Weekend, as it is fondly known, started at Colgate in 2012 when I was a first-year student. That year, our president hosted a Q & A session with Sir Richard Branson. In 2013, Facebook COO Sheryl Sandberg delivered a speech based on her book Lean In, and last year some of my friends and fellow students presented their startup ideas to an all-star panel that included Ashton Kutcher.

I’ve been a student-entrepreneur in TIA for only eight months. Participants spend one Saturday every month in group and individual workshops, learning from dozens of alumni and parent mentors who travel to Hamilton, N.Y. specifically to help us improve our elevator pitches, pitch decks, and business plans. Between those special Saturdays, we hold conference calls with our mentors and do a whole lot of going back to our respective drawing boards.

I was given the opportunity to conclude this year’s E-Weekend by pitching my venture on stage at a closing reception in the TIA incubator. I presented the pitch deck I developed at TIA, and I also showed a short video I’d put together with some of the Nepali children sending their messages of hope and thanks to the Colgate community.

As the video concluded, many in the audience were in tears. One alum raised his hand and pledged $10,000 if others would match it. Immediately, hands went up all over the room, sparking an impromptu fundraising firestorm. From the oldest alumni to the youngest undergraduates, audience members dug into their pockets. There have been entire years when Life Vision Academy didn’t see that much money. Raising so much in such a short amount of time left me speechless.

“I don’t think this could have happened at another school,” said Wills Hapworth, TIA’s alumni executive director.

That was all I could say after the event as well; this could not have happened without Colgate. Our network of alumni, parents, students, and faculty is unlike what other institutions can offer, and I would have never had the platform – or the skills and confidence – to share Life Vision Academy’s story with them if it weren’t for TIA.

The Colgate community has truly taken one undergrad’s idea and turned it into collective action. I have two favorite schools in the world, and to see the one in Hamilton, N.Y. unite like this with the one in Bhaktapur, Nepal has been unbelievable.

It’s amazing how much can change in 10 minutes.

Amanda Brown graduated this past spring with a major in Peace and Conflict Studies and a minor in Religion. She was one of the Colgate Entrepreneurs Fund winners and was awarded a $15,000 grant for her non-profit. Amanda will continue working with CYFUSA while pursuing a Masters degree in either education policy or human rights.

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L to R: Dave Meyers, Alex Drakos, Caroline Danehy, Amanda Brown, Wills Hapworth, Shav Garg, Raffi Khatchadourian, Adam Buys, Alex Relph

Congratulations to the six teams who were chosen as winners of the Colgate Entrepreneurs Fund announced at this years Entrepreneur Weekend. The fund was established in 2013 to grow and advance the ventures of Colgate student and alumni entrepreneurs who are solving problems and demonstrating an ability to execute. The winners are:

Brainstorm Technologies – a wearable headset to improve learning using tDCS (Transcranial direct-current stimulation).

David Myers ’14 and Alex Drakos ’16

Children and Youth First USA – a non-profit that works to protect young Nepalis’ right to education.

Amanda Brown ’15

Echo App – helps you and your friends decide what to do on any given night.

Adam Buys ’17 and Julian Mazza

Fair Harbor Clothing – an active lifestyle brand for simple living.

Jake Danehy ’16 and Caroline Danehy ’19

 Indify – aggregates relevant artist statistics in on easy to find place.

Keshav Garg ’15 and Raffi Khatchadourian ’17

Alex Relph ’09 and Sam Breslin ’09

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