Beantown Social

Beantown Social at Think Tank in Cambridge
Beantown Social at Think Tank in Cambridge

Last week was my first time attending Beantown Social, a networking group in the Boston area focus on good times and social media. Being an avid social media guy, I saw it as an opportunity to mingle with my fellow nerds and learn something new. From event planning with Eventbrite to advertising with Google Adsense, I got a crash course on many various tools I’m already familiar with. If you haven’t heard of Eventbrite, check it out! I get at least half of the events I go to weekly from that site (for free!), and hope to use it in the future for some of my own.

The organizer of the event was Kristen Haley, the brains behind x10industries. She works hard organizing these events and getting the venues on board for some mutual benefits, like free snacks for the group and lots of thirsty customers for the waiters. This event was held at the Think Tank Bistrotheque, in Cambridge and it didn’t disappoint. They provided a nice cozy room for the meetup and the appetizers were, as the kids say nowadays, bomb. I chose not to partake in any extra-business activities, but from what I heard the cocktails were right on the money. Needless to say, this won’t be my last time venturing into Boston for BTS.

Life of an Entrepreneur

Being an entrepreneur means living as a bridge builder between dreams and reality. Entrepreneurs are great at seeing opportunity and capitalizing on it either socially or financially (or preferably both!), regardless of the apparent obstacles and curve balls that life can throw.  Tonight I had the chance to meet quite a few people who fit right into this definition. 

Life of an Entrepreneur Panel
Life of an Entrepreneur Panel

The UMass Lowell Center for Innovation & Entrepreneurship alongside Merrimack Valley Sandbox, put on an event at Middlesex  Community College where four local entrepreneurs were showcased and shared their wealth of knowledge. The premise of such events is to foster a community of innovation in the region. From near-failures to sustained companies, each story was unique in itself and shed light on the difficulties that are a common thread for start-ups.

First up was Glynn Lloyd of City Fresh Foods. Since 1994, his company has strived to provide excellent  foods to the local communities with a emphasis on cost-effectiveness, without succumbing to the ever-present pressures to lower quality. City Fresh Foods now serves overs 8,000 meals per day to schools, businesses and the elderly. Anyone who has ever eaten “school lunch” knows the status quo for a <$2 meal, and Glynn is well on his way to change that. Who knew inexpenssive food can be nutritious, locally sourced and healthy?

On the topic of locally sourced food, Jennifer Hashley of New Entry Sustainable Farming is changing the game. Her company is born from the idea of community supported agriculture (CSA), or farming that is conscientious of its effects on workers, the environment, the animals, and the consumers. There truly is a hidden price we all pay for those goods at the supermarket and raising awareness is key to solving the problem. That and creating the ecosystem that supports CSA from all angles is what her initiative is geared towards.

All this talk about food is making me crave a good slice of pizza. And no, I’m not talking about some cookie-cutter cardboard sauce-laced concoction for a cheap price. I’m talking quality, like the pizza at Espresso Pizza in Lowell MA. Frank Carvalho is one of the owners of the shop and his passion and dedication show in the results. But what really struck me as remarkable about him was his company Mill Cities Community Investments. MCCI aims to provide financial services and loans to under-served people and companies, filling the voids that big banks leave. His knowledge of finances and capital have been instrumental in creating a viable business that is socially conscious and sustainable.

Lastly was the youngest of the bunch, a fellow Riverhawk Sam Antonaccio. His creative idea, while still in the early stages, is an ambitious project to create an interactive experience for people looking to explore Lowell’s history. Using a smartphone or tablet, users will be able to have a real time history lesson based on their location and the surrounding landmarks. Though there is still much to be worked out, he has been making headway with the help of the entrepreneurial community and I look forward to using his product.

Though each of the presenters were different in their history, they all share the same characteristics that any successful entrepreneur needs to have. Passion, creativity, and a never-satisfied appetite for a better future are part of what has made them achievers. Luckily these traits can be nurtured in all of us, and with a little sweat equity, our pipe dreams can actually see the light of day. It can be done, and they’re proving it.

 

ENET Boston Entrepreneurs Network

Boston Entrepreneur's Network

Welcome back reader! As you probably know by now, I’m a member of ENET the Boston Entrepreneurs Network. It’s a great association of entrepreneurs where opportunity comes to life. If you live in MA you should seriously consider joining. I’ve found the information over the past year to be invaluable.

This past week’s event was around the topic of Funding a Company Without an Angel or VC. There are countless examples of successes that weren’t funded those ways, and often companies are better off delaying inorganic growth. Angels and VCs want something (a ROI on the $) and aren’t company saviors looking to burn money. Friends and family can often provide a lot of the financing needed to start a company on a budget. Bootstrapping is another way to grow a companies without risking dilution from investors or bankruptcy from loans. Often an investor wants to see cash flow and growth over time, and without those, the investor really holds the cards because they’ve heard “it’s a great idea it’ll work” a million times.

That being said, VCs and angels serve a great purpose in investing in small businesses that will grow the economy. The important thing to do is weigh all the options and get multiple opinions on growth strategies to protect yourself. Sometimes delaying growth can be deadly, but so can uncontrolled growth.

 

Being a NERD

Last week I got to be part of ENET ‘s event at the New England Research and Development Center. It was a great chances for entrepreneurs and incubators to get together. Over 100 people attended the event and hopefully ENET will be expanding the number of meetings throughout the year. It was nice seeing David Zhou again of ePowerhouse, as it seems everything is coming full circle. I’ve been enjoying my work with ENET where I’m volunteering with their alliance efforts.

Microsoft NERD Center

 

 

 

 

 

 

I also got to meet the founder of MassChallenge, which is a popular nonprofit in the Boston area. Both of these organizations aim to bring startup companies to success by offering discounted office space, mentorship and synergy from the other startups. It great because many entrepreneurs don’t have the resources themselves to grow a company. Maybe someday I can use the resources for my own startups.