Simone Center News

November 23, 2011

Do you need assistance exploring and advancing a high potential business opportunity?

Denny DeLeo

Denny DeLeo, the co-founder of the Trillium Group will visit three times over the next six months to provide one on one 30 minute meetings, in the Innovation Center Building 87, room 1100, from 9am to 12:30pm about advancing high potential business concepts. The available meetings will take place on Nov 30, Dec 14, and Jan 25.
 

If you wish to meet with Denny one-on-one for a 30 minute introductory meeting, please contact Dana Pelliccia (dpelliccia@saunders.rit.edu), providing your name, phone number, email address, if you have a business concept, business plan, or a prototype. 


Appointments are provided on a first come, first serve basis.


About Dennis M. DeLeo

Senior Partner: Trillium Group, LLC

At Eastman Kodak Denny held positions of increasing responsibility. Initially, he was a member of the legal division, practicing primarily patent law. Later, as a Kodak Vice President and Director, Corporate Commercial Affairs, he managed a corporate staff responsible for corporate aspects of a wide range of technology-based transactions, including, licensing, business partnerships and acquisition and divestiture of technology, products and businesses.

DeLeo also held Kodak operating management positions as Vice President and General Manager of the Bioscience and Emerging Businesses Division and Vice President, General Manager of the Image Acquisition Products Division. The latter made and sold CCD image sensors, digital camera and image scanners. He also served as President and CEO of Eastman Technology, Inc., a Kodak subsidiary formed to launch businesses based on leading-edge technologies. As chief executive, he had overall profit-and-loss accountability and managed a portfolio of more than a dozen new ventures ranging from under $1 million to over $50 million in annual revenue.

In 1997, DeLeo co-founded Trillium Group, LLC, a regional venture capital and private equity firm based in Rochester, New York. He is the fund manager of the Monroe Fund, an early stage venture capital fund within the Trillium Group fund family.

He holds a B. A. from the University of Rochester, a J.D. from the University of Chicago Law School and completed the Advanced Management Program at the Harvard University Graduate School of Business. He is a former member of the Patent Policy Board of the State University of New York and a former Vice Chairman of the Rochester Philharmonic Orchestra Board. He is a Board member of the Upstate Venture Association of New York and sits on a number of private company boards, including companies in the Trillium Group portfolio and companies unaffiliated with Trillium Group.

Trillium Group, LLC
1221 Pittsford Victor Road
Pittsford, New York 14534

November 4, 2011

Student Spotlight
Eric Irish, third-year information science and technology


201111/jeremiah2.jpg

Jeremiah Sjoberg

Eric Irish, third-year information science and technology, won first place at RIT’s 4th annual Shark Tank Competition for his creation of CampusSafe, a mobile app that helps users easily report on-campus incidents.

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Eric Irish had an idea for a mobile application that ties campus safety features with an “anywhere blue-light” to increase the safety of a university campus. The phone app will help users easily report on-campus incidents. He pitched his idea at RIT’s 4th annual Shark Tank Competition and won for his presentation of CampusSafe. Irish is $2,000 richer and looking to expand on his app.

 

Question: Where are you from?
Answer: I’m from the little town of Trumansburg—near Ithaca, N.Y.

Q: Why did you decide to come to RIT?
A: I like RIT’s wholesome view of technology as both a psychology and a science.

Q: What is the coolest thing you have ever done?
A: Two summers ago I bought a red 1975 T-top Corvette. A 36-year-old car inherently has many quirks that sometimes prove to be tough to deal with. But hearing 350 cubic inches of horsepower out of dual pipes is something I would never trade.

Q: What is something that most people wouldn’t know about you when they first meet you?
A: Most people probably wouldn’t take me for the country boy that I am.

Q: What types of things are you involved in around campus?
A: I have been a resident advisor for two years and I’m an active member at the Center for Student Innovation. I also sing in Proof of Purchase, RIT’s only co-ed a cappella group.

Q: How did you get involved in the 4th annual RIT Shark Tank Competition?
A: I have seen a few in the past, since they are tied with the Center for Student Innovation. This year I knew I had an idea that would be a good fit.

Q: For those that have never been part of the RIT Shark Tank Competition, how would you describe it in one sentence?
A: You have five minutes to explain a business idea after which venture capitalists—or sharks—“ravenously” critique it.

Q: What is your favorite part about it?
A: I enjoy cutting down the idea to its bare bones for a concise, coherent presentation.

Q: What will you do with the winnings?
A: Part of it will pay for a Mac I just purchased for iPhone development and the rest will go to people who helped me along the way.

Q: Where will the idea go from here?
A: I have worked closely with RIT Public Safety and we plan to launch TigerSafe in the near future. I plan to hire a few employees to aid in refining the product into a saleable entity. Then we’ll hit the pavement to sell at other colleges.

Q: Any advice you would give to other RIT students?
A: It’s important to experience a gamut of things in college. It keeps your social scene fresh and your mind curious and creative.

To learn more about TigerSafe, go to http://bit.ly/sY2gst.

Scott Bureau covers student affairs for University News. Contact him at sbbcom@rit.edu with “Student Spotlight” suggestions.

October 24, 2011
Internet entrepreneur (and RIT alum) David Kidder was the keynote speaker at RIT's Entrepreneurs Conference.
Internet entrepreneur (and RIT alum) David Kidder was the keynote speaker at RIT's Entrepreneurs Conference.
Zack Seward / WXXI
 

More than 600 people turned out for RIT’s eighth annual entrepreneurship conference on Friday. School officials say this year’s conference was the biggest yet.

There were 12 sessions, a keynote from web entrepreneur David Kidder and even a “Shark Tank” competition for student entrepreneurs.

It all underscored RIT’s growing efforts to make entrepreneurship a major focus.

“The whole idea was to do something that is RIT-focused in its strengths - which are multi-disciplinary and experiential,” says Richard DeMartino, director of the school’s Simone Center for Innovation and Entrepreneurship.

DeMartino, who helped organize the conference, says RIT is uniquely positioned for fostering entrepreneurialism among its students.

“Because we don’t just have people imagining it and writing business plans; we have the engineers that can make it,” says DeMartino. “Most [places] can’t help you link together the technology, design and business people.”

Entrepreneurship in action

One student taking on that charge is Eric Irish, a third-year information science and technology student from Ithaca.

Irish was the winner of Friday’s “Shark Tank” competition, in which five finalists pitched their business ideas to a panel of judges.

“I’m getting two grand for this,” Irish says.

Irish’s winning concept is called CampusSafe - a phone app that helps users report on-campus incidents. Think of it as one of those blue light emergency phones in your pocket.

Irish says the app is in development with RIT right now (where it will be called TigerSafe), but ultimately he wants to branch out onto other campuses around the country.

As for pitching to potential investors, he thinks he has found the sweet spot:

“I simplified everything. I took out slides. I cut it down to just the bare meat,” explains Irish. “I identified the problem in the beginning, I identified the market and then I just came up with the solution and showed it to them. I think that really did it.”

As for that $2,000, Irish says he’s plowing it back into the product. He says most of it will go toward the Mac he recently bought to do iPhone development.

Direct Link to Innovationtrail.org

October 22, 2011

 

David Kidder, CEO of the online advertising services company Clickable Inc., has climbed a lot of mountains and languished in more than a few valleys in his entrepreneurial career.

It has been in his valleys, when success seems more distant than failure, that he has learned the most about how to build a business and overcome adversity.

"It's important to remember that there's never a bad time to start a company, booms, busts, whatever," Kidder, the keynote speaker at the daylong 8th annual RIT Entrepreneurs Conference at the E. Philip Saunders College of Business at RIT, said. "But it's incredibly hard to do."

Kidder said that, in the modern world, the stakes have changed for people. If the central goal in American life once was to buy a home and build equity in it, the goal now must be to build equity and value in a creative, productive work life.

"It's essential that you know yourself and foster your ability to create things, build a framework, to join with others who have skills you might not have," Kidder said.

Kidder, an RIT graduate, is known not only for his startup prowess, but for being the co-author of a best-selling series of advice books called The Intellectual Devotional. In the process of his research, Kidder has interviewed some of the giants of the entrepreneurial world and Friday shared some of the advice he has been given.

They include urgings to think radically, to be an ethical and forgiving leader, to find and focus on the big and best idea while shedding those that divert attention and energy. He urged those interested in the startup life to understand one's company, one's customer and one's market as completely as possible.

"The late Apple Inc. CEO Steve Jobs knew what people want but were unable to say," Kidder said. "You have to be able to throw out all the Bs and keep only the A and make it an A-plus."

More than 600 people registered for the conference.

TTOBIN@DemocratandChronicle.com

Direct Link to Democrat and Chronicle Article

October 12, 2011

By TROY L. SMITH

David  Kidder, a pioneer of online advertising, will headline this year’s RIT Entrepreneurs Conference on Oct. 21.

Kidder is co-founder and CEO of Clickable Inc., an industry-leading search engine marketing service and software that simplifies online advertising. Clickable specializes in search engine advertising and social media ads with a client list that includes Facebook, Google Inc., Yahoo Inc. and Bing.

Kidder’s talk will focus on what it takes to create a successful startup company.

“Based on my new book, “The Startup Playbook,” we will walk through some of these key theses of some of the best entrepreneurs living today,” Kidder said in a statement.

Prior to Clickable, Kidder led the creation of three other startup companies, including SmartRay Network Inc., a mobile advertising delivery company, Think New Ideas Inc., an interactive advertising firm, and Net-X, an Internet advertising services company.

“We probably have 4,000 or 5,000 students on campus who are working with digital arts, programming, or have a general interest in social advertising,” said Richard DeMartino, director of RIT’s Simone Center for Innovation and Entrepreneurship. “We are excited to have David Kidder speak at the conference because he is the world-renowned expert in monetizing the Web and this fits right into the strengths of RIT.”

For details or to register, visit http://www.rit.edu/cob/entconf/2011/.

(c) 2011 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.

October 11, 2011

Congratulations to the finalists for the 4th RIT Shark Tank Competition:

1.  Campus Safe - Eric Irish

2.  Digital Intern - Brandon Kirshner

3.  Heat Recovery - David Vincenzi

4.  V-Sports - Tyler Swob, Jeremiah Thompson, Shane Qualls, Michael Della Penna

5.  Weather Baboon Interactive - Daniel Acito, Wilson McCoy, Mark Spina, Connor Vanderpool

The competition will be held in conjunction with the annual Entrepreneurs Conference on Friday October 21.  More details and registration information can be found online at the Entrepreneurs Conference website.

Come support our fantastic RIT students as they compete for $4750 worth of prizes!

May 14, 2011

Elishia Tinnaj Ortiz was 18 when she found out Wegmans was going to carry Young&Fit Forever, an exercise DVD she created to get kids motivated to live a healthy lifestyle.

Two years and about 400 copies later, she is focused on keeping the momentum going.

"Words can't explain how happy I was ... I was only 18, and I was able to do that on my very own," she the 20-year-old marketing student at the Rochester Institute of Technology. "The challenges I face with Young&Fit are getting the DVDs into the hands of more distributors to get the sales to increase and the publicity ... to grow."

We spoke with the entrepreneur recently about how the company began and how she balances one business, two jobs and school.

What do you do as president of Young&Fit Forever?
I continue to make sure the DVDs are selling through the website, www.youngandfit.com. I also contact school districts that could possibly use my DVD in their gym classes (and) I'm starting to work on a social media plan for Young&Fit, to get it on Twitter and Facebook.

What was the inspiration behind Young&Fit Forever?
I was a competitive ballroom dancer; I loved to exercise, and I adored children. In putting my interests and hobbies together, I came up with the idea for Young&Fit while I was participating in the Young Entrepreneurs Academy.

How do you balance your work, school and Young&Fit?
If I didn't have my day planner, I would be lost [laughs]. I'm the type of person who can handle a lot of things going on at once; for me, it's just how I function. ... I don't have much time for Young&Fit, but I have passion for my business and my cause of fighting childhood obesity, that is why I try to put as much time into it as possible.

What challenges do you face with your business?
Getting the DVDs into the hands of more distributors to get the sales to increase and the publicity of Young&Fit Forever to grow.

What do you do outside of work?
Outside of work, I'm on the executive board of two student clubs, I attend a lot of networking events, and I love to travel, dance and, of course, workout. This summer I'm going to Barcelona, Spain to study abroad for five weeks, and I can't wait.

Any advice for other young professionals?
My advice would be to find something your passionate about and that you love because then you will truly be successful.

Written by Jinelle Shengulette for the Democrat and Chronicle

April 20, 2011

By Mindy Mozer, for RIT's University News

A local social networking company founded by a team of Rochester Institute of Technology graduates has been acquired by Tagged, a leading social network for meeting new people.

All Digsby employees will join Tagged at its offices in San Francisco, Calif., next week.

“We’re excited to join the Tagged team and significantly expand our capability to help people share and meet online,” said Digsby CEO Steve Shapiro. “We’re eager to bring our expertise in real-time communication to Tagged’s 100 million registered members around the world.”

Since launching in 2008, Digsby has been the leader in bringing support for all major instant messaging and social network protocols under one easy-to-use application, having amassed 3 million users who use Digsby to manage more than 8 million accounts. The program allows users to link their various e-mail accounts, social-networking sites and instant messenger clients in a single desktop widget. Digsby has offices in Venture Creations, RIT’s high-tech incubator in Henrietta.

Shapiro, who graduated in 2004 with a degree in information technology, developed the idea for Digsby in a graduate entrepreneurship class at RIT in the fall of 2005. He launched the company in March 2006 and all seven employees are RIT graduates.

“The Digsby team shares our strong passion and creative vision for helping people connect online and that was a key component of this acquisition,” said Tagged’s CEO Greg Tseng. “We’re looking forward to immediately incorporating the talented Digsby team into Tagged. In the coming months, we’ll be revealing more about Digsby’s technology and new strategic benefits for Tagged users. For now, the Digsby faithful can rest assured they can keep using Digsby’s client as usual.”

Financial terms of the acquisition were not disclosed.

About Tagged

Tagged is the leading social network for meeting new people. While other offerings focus on existing relationships, Tagged has established the category of “social discovery.” With more than 100 million members in 220 countries, Tagged enables anyone to meet and socialize with new people through social games, customized profiles, virtual gifts, advanced browsing features and more. Tagged is based in San Francisco. For more information, go to http://about-tagged.com.

For the original article from RIT's University News, please visit http://www.rit.edu/news/story.php?id=48298. 

April 9, 2011

Forget art history and calculus. Most students need to learn how to run a business, says Scott Adams.

I understand why the top students in America study physics, chemistry, calculus and classic literature. The kids in this brainy group are the future professors, scientists, thinkers and engineers who will propel civilization forward. But why do we make B students sit through these same classes? That's like trying to train your cat to do your taxes—a waste of time and money. Wouldn't it make more sense to teach B students something useful, like entrepreneurship?

[COVER] Scott Adams

I speak from experience because I majored in entrepreneurship at Hartwick College in Oneonta, N.Y. Technically, my major was economics. But the unsung advantage of attending a small college is that you can mold your experience any way you want.

There was a small business on our campus called The Coffee House. It served beer and snacks, and featured live entertainment. It was managed by students, and it was a money-losing mess, subsidized by the college. I thought I could make a difference, so I applied for an opening as the so-called Minister of Finance. I landed the job, thanks to my impressive interviewing skills, my can-do attitude and the fact that everyone else in the solar system had more interesting plans.

The drinking age in those days was 18, and the entire compensation package for the managers of The Coffee House was free beer. That goes a long way toward explaining why the accounting system consisted of seven students trying to remember where all the money went. I thought we could do better. So I proposed to my accounting professor that for three course credits I would build and operate a proper accounting system for the business. And so I did. It was a great experience. Meanwhile, some of my peers were taking courses in art history so they'd be prepared to remember what art looked like just in case anyone asked.

One day the managers of The Coffee House had a meeting to discuss two topics. First, our Minister of Employment was recommending that we fire a bartender, who happened to be one of my best friends. Second, we needed to choose a leader for our group. On the first question, there was a general consensus that my friend lacked both the will and the potential to master the bartending arts. I reluctantly voted with the majority to fire him.

But when it came to discussing who should be our new leader, I pointed out that my friend—the soon-to-be-fired bartender—was tall, good-looking and so gifted at b.s. that he'd be the perfect leader. By the end of the meeting I had persuaded the group to fire the worst bartender that any of us had ever seen…and ask him if he would consider being our leader. My friend nailed the interview and became our Commissioner. He went on to do a terrific job. That was the year I learned everything I know about management.

At about the same time, this same friend, along with my roommate and me, hatched a plan to become the student managers of our dormitory and to get paid to do it. The idea involved replacing all of the professional staff, including the resident assistant, security guard and even the cleaning crew, with students who would be paid to do the work. We imagined forming a dorm government to manage elections for various jobs, set out penalties for misbehavior and generally take care of business. And we imagined that the three of us, being the visionaries for this scheme, would run the show.

We pitched our entrepreneurial idea to the dean and his staff. To our surprise, the dean said that if we could get a majority of next year's dorm residents to agree to our scheme, the college would back it.

It was a high hurdle, but a loophole made it easier to clear. We only needed a majority of students who said they planned to live in the dorm next year. And we had plenty of friends who were happy to plan just about anything so long as they could later change their minds. That's the year I learned that if there's a loophole, someone's going to drive a truck through it, and the people in the truck will get paid better than the people under it.

The dean required that our first order of business in the fall would be creating a dorm constitution and getting it ratified. That sounded like a nightmare to organize. To save time, I wrote the constitution over the summer and didn't mention it when classes resumed. We held a constitutional convention to collect everyone's input, and I listened to two hours of diverse opinions. At the end of the meeting I volunteered to take on the daunting task of crafting a document that reflected all of the varied and sometimes conflicting opinions that had been aired. I waited a week, made copies of the document that I had written over the summer, presented it to the dorm as their own ideas and watched it get approved in a landslide vote. That was the year I learned everything I know about getting buy-in.

Why do we make B students sit through the same classes as their brainy peers? That's like trying to train your cat to do your taxes—a waste of time and money. Wouldn't it make sense to teach them something useful instead?

For the next two years my friends and I each had a private room at no cost, a base salary and the experience of managing the dorm. On some nights I also got paid to do overnight security, while also getting paid to clean the laundry room. At the end of my security shift I would go to The Coffee House and balance the books.

My college days were full of entrepreneurial stories of this sort. When my friends and I couldn't get the gym to give us space for our informal games of indoor soccer, we considered our options. The gym's rule was that only organized groups could reserve time. A few days later we took another run at it, but this time we were an organized soccer club, and I was the president. My executive duties included filling out a form to register the club and remembering to bring the ball.

By the time I graduated, I had mastered the strange art of transforming nothing into something. Every good thing that has happened to me as an adult can be traced back to that training. Several years later, I finished my MBA at Berkeley's Haas School of Business. That was the fine-tuning I needed to see the world through an entrepreneur's eyes.

If you're having a hard time imagining what an education in entrepreneurship should include, allow me to prime the pump with some lessons I've learned along the way.

Combine Skills. The first thing you should learn in a course on entrepreneurship is how to make yourself valuable. It's unlikely that any average student can develop a world-class skill in one particular area. But it's easy to learn how to do several different things fairly well. I succeeded as a cartoonist with negligible art talent, some basic writing skills, an ordinary sense of humor and a bit of experience in the business world. The "Dilbert" comic is a combination of all four skills. The world has plenty of better artists, smarter writers, funnier humorists and more experienced business people. The rare part is that each of those modest skills is collected in one person. That's how value is created.

Fail Forward. If you're taking risks, and you probably should, you can find yourself failing 90% of the time. The trick is to get paid while you're doing the failing and to use the experience to gain skills that will be useful later. I failed at my first career in banking. I failed at my second career with the phone company. But you'd be surprised at how many of the skills I learned in those careers can be applied to almost any field, including cartooning. Students should be taught that failure is a process, not an obstacle.

Find the Action. In my senior year of college I asked my adviser how I should pursue my goal of being a banker. He told me to figure out where the most innovation in banking was happening and to move there. And so I did. Banking didn't work out for me, but the advice still holds: Move to where the action is. Distance is your enemy.

[JUMP] Scott Adams

Attract Luck. You can't manage luck directly, but you can manage your career in a way that makes it easier for luck to find you. To succeed, first you must do something. And if that doesn't work, which can be 90% of the time, do something else. Luck finds the doers. Readers of the Journal will find this point obvious. It's not obvious to a teenager.

Conquer Fear. I took classes in public speaking in college and a few more during my corporate days. That training was marginally useful for learning how to mask nervousness in public. Then I took the Dale Carnegie course. It was life-changing. The Dale Carnegie method ignores speaking technique entirely and trains you instead to enjoy the experience of speaking to a crowd. Once you become relaxed in front of people, technique comes automatically. Over the years, I've given speeches to hundreds of audiences and enjoyed every minute on stage. But this isn't a plug for Dale Carnegie. The point is that people can be trained to replace fear and shyness with enthusiasm. Every entrepreneur can use that skill.

Write Simply. I took a two-day class in business writing that taught me how to write direct sentences and to avoid extra words. Simplicity makes ideas powerful. Want examples? Read anything by Steve Jobs or Warren Buffett.

Learn Persuasion. Students of entrepreneurship should learn the art of persuasion in all its forms, including psychology, sales, marketing, negotiating, statistics and even design. Usually those skills are sprinkled across several disciplines. For entrepreneurs, it makes sense to teach them as a package.

That's my starter list for the sort of classes that would serve B students well. The list is not meant to be complete. Obviously an entrepreneur would benefit from classes in finance, management and more.

Remember, children are our future, and the majority of them are B students. If that doesn't scare you, it probably should.

—Mr. Adams is the creator of "Dilbert."

Click Here for the online version of this article in the Wall Street Journal