An extremely innovate entrepreneurship program designed by venture capital investor Greg Warnock was covered by the Salt Lake Tribune this week. The Junto program trains scores of would-be entrepreneurs and then through a competitive selection process, chooses a handful to fund each year. This year 10 Junto members will be funded with $50,000 each in startup capital. The Junto are divided into teams of five members.
Our Utah Valley Entrepreneurial Forum lunch Thursday May 12th at 12:00 noon at the Provo Marriott will be outstanding. John Bresee, co-founder of Backcountry.com will share his experiences with our group. Please RSVP at www.uvef.net. Lunch is only $20 for non-members and will be well worth your time. John is an outstanding internet entrepreneur and marketing and strategist and operations guy. Greg Ellis from AuctionVideo will be our spotlight speaker.
Senator Bob Bennett held his 4th annual Rural Business Conference yesterday, this year in Price, Utah. Attendance was strong. Keynote speeches were given by Governor Jon Huntsman, Jr., the Entrepreneur\’s Governor, and Dr. Patrick Byrne, CEO of Overstock.com, founder of Worldstock.com, and all-around brilliant human being. I\’ll post my notes later.
Many internet entrepreneurs I know (myself included) are pretty content sitting at the computer most of the time doing research and figuring how to generate traffic, improve web site design and conversion rate, and study web analytics to determine what to do next. We use the web for hours a day to do research on what everyone else is doing. Then, relying primarily on email and instant messaging, we can efficiently communicate hundreds of times per day with employees, customers, partners, etc.
Reno, NV is ranked #1 and Boise, ID is ranked #2 in this years ranking of the top cities in which to do business, based primarily on economic growth. The survey was published today by Inc. Magazine. Salt Lake City ranks #31 but jumped an impressive 73 places. A total of 274 economic regions were studied. Read the full article here.
David Bradford (former general counsel of Novell) and I have teamed up to launch FundingUtah.com, a new free service that matches Utah angel investors with Utah entrepreneurs. We will be holding a launch event and press conference, with Utah Governor Jon Huntsman, Jr. on April 26th at 1:00 pm at the Larry H. Miller Business Innovation Center (Karen Miller Conference Center). Some of the leading investors and entrepreneurs in the state will be in attendance.
Provo, UT-based Raser Technologies has raised $20 million in a private placement. The company went public in October 2003 and has an amazing two year stock chart.
The Deseret News reported today the 10 finalists in the 2005 Utah Entrepreneur Challenge. They are: