Archive for the ‘Entrepreneurship’ Category

Entrepreneurs and Students Wanted ASAP!

Posted on February 27th, 2013 by AndrewHazenCom  |  No Comments »

Admittedly I have a MAJOR addiction….domain names and start-ups; there I said it!!

Over the past 17+ years I have been procuring domain names and creating multi-million dollar web-based business models. Some of these have been developed and are currently generating millions of dollars of annual revenue but many, many domain names and business models sit idle waiting for YOU and/or your contacts to come a long and take charge!!

So here’s what I am looking for…..

- You have a CAN DO attitude
- You are a Type A person that does not ‘turn on’ at 9am and ‘turn off’ at 5pm…
- You do NOT feel entitled to a one-hour lunch and five personal days a year….
- You don’t just talk a great game….you EXECUTE and get shit done!
- You love to part of a team that takes an idea and turns it into a PROFITABLE business
- While You need guidance, you do NOT need hand holding….
- You are ready to be compensated based on performance and growth!!

You can be a student, intern, part-time, full-time; whatever…I am open!!

I look forward to hearing from YOU or your contacts
@AndrewHazen

LaunchPad LI makes its 1st seed investment

Posted on February 19th, 2013 by AndrewHazenCom  |  No Comments »

LaunchPad Long Island, the new startup incubator and co-working facility in Mineola, made its first investment during its grand opening Monday evening.

Andrew Hazen and Richard Foster, the investors behind Long Island’s latest startup hub, announced they had agreed to make an investment into Hauppauge-based GroupGifting.com, a social gifting service started by the founders of Invision. While Hazen did not reveal the exact investment, he noted it was in the “low five figures.”

We kind of ran parallel paths as we grew both of our companies,” Hazen said of the GroupGifting.com team. I’ve seen them for well over a decade and know they have the ability to pivot where needed. You’re betting on the jockey in this instance, not necessarily the horse.

This is the third contribution to GroupGifting.com Hazen has made, first personally investing in the company and then investing through the Long Island Angel Network. In total, he said his contributions to GroupGifting.com totaled more than $100,000.

With the latest investment, GroupGifting.com has officially closed its initial angel financing round, which was oversubscribed and brought in more than $1 million. The company, which privately funded itself for its first 18 months, now plans to use the cash infusion to grow its eGifter social gifting service.

Despite the LaunchPad investment, the GroupGifting.com team will not be relocating to the new Mineola facility, opting instead to stay in Hauppauge at the Long Island Tech Mall.

But the next few investments by the LaunchPad seed fund will likely bring the startup companies under the same roof in Mineola, Hazen said.

Hazen and Foster have already received 50 applications from startups seeking funding. Hazen said the duo will likely set up biweekly pitch sessions, at which time startups can give presentations in hopes of scoring some capital and some new office digs.

Open article as a PDF

Long Island’s First Seed Accelerator and Coworking Community LAUNCHES!

Posted on February 18th, 2013 by AndrewHazenCom  |  No Comments »

MINEOLA, New York February 18, 2013 – Long Island’s first seed accelerator and coworking community for early stage ventures has launched! LaunchPad Long Island (www.LaunchPadLI.com) is a 12,000 square foot entrepreneur community at 55 Mineola Boulevard, Mineola, NY which is at the Mineola train station and 35 minutes from New York City. Eric Trump, EVP of Development and Acquisitions at the Trump Organization as well as a Task Advisor and Boardroom Judge on The Apprentice and Mineola Mayor Scott Strauss spoke at the Official Launch Party on February 11, 2013, you can see pictures of the Launch Party on facebook.

LaunchPad Long Island will underwrite at least $250,000 in stipends for Long Island-based startups with guidance from two successful entrepreneurs with startup experience. LaunchPad LI was created to help great entrepreneurs improve the odds of startup success and build successful companies on Long Island! The core mission of LaunchPad LI is to:

• Rapidly launch ideas & concepts that have low startup costs and minimal barriers to success
• Create an entrepreneurial community that fosters collaboration & innovation
• Mentor entrepreneurs and assist them with taking their idea/business to the next level
• Seed the startup of many, many Long Island companies & accelerate their growth
• Inspire entrepreneurs with our Hofstra Zarb Business School Speaker Series
• Create jobs on Long Island

The first of three floors at LaunchPad is the RMF Flight Deck; 2,200+ square feet of open coworking space and a conference room designed for innovation, collaboration and success. Startups and other entrepreneurs can work in this space for as little as $15/day or $250/month. The second floor is more than 6,500 square feet and contains event space sponsored by Bethpage Federal Credit Union (for weekly speakers, mentor meet-ups, Pitch Contests, LISTnet events, Hackathons and more), conference rooms sponsored by Stony Brook University and KPMG and 13 private office suites ranging from $650 to $1,500 a month. The Lounge downstairs, sponsored by Bethpage Federal Credit Union, is for releasing stress as it’s filled with ping pong, foosball, a pool table, plasma tv, an ‘Trep library, couches and more. From writeable walls to bright creative décor, supersonic wifi and a full service 1,500 sq ft LaunchPad Café in the building, businesses will without doubt ignite and soar to new levels at LaunchPad!

LaunchPad Long Island is the brainchild of Andrew Hazen and Richard Foster, both raised on Long Island.

Andrew Hazen, an angel investor, serial entrepreneur, attorney and admitted domain name & startup addict twice sold the Internet marketing company he founded on Long Island. He has also made the INC List of Fastest Growing Companies in both 2007 & 2008. He is now the CEO of Angel Dough Ventures and Of Counsel to Ruskin Moscou Faltischek. Hazen is also the Founder of LI Startups and sits on the Board of LISTnet, the Long Island Angel Network, LI Tech COMETS and rockCANroll.org. Ironically, Hazen started his company in LISTnet’s incubator at Briarcliffe college and now LISTnet and LI Tech COMETS will be moving into Hazen’s LaunchPad.

Richard Foster is a 23 year old gifted entrepreneur who holds seven U.S. Patents for products that have been distributed in fifteen countries and has been named the “Youngest Entrepreneur” by the New York Times. Foster currently serves as the President of Foster Management & Holdings which has over a dozen portfolio companies. Foster also sits on the board of the Long Island Angel Network. “From seed funding, to a prime location for entrepreneurs to grow, to premier event space, LaunchPad has it all,” Foster stated.

“LaunchPad represents a unique collaboration among a broad spectrum of Long Island talent,” comments Michael Faltischek, Chairman of the Long Island Angel Network. “We look forward to supporting the business concepts to be developed at LaunchPad,” Faltischek added.

Hazen & Foster partnered with the Levine Family, owners of the LaunchPad property as well as L&L Paint, a prominent Long Island business for more than 30 years. Michael, Marni & Ross Levine “wholeheartedly believe in LaunchPad LI and the importance it presents to Long Island.”

According to Peter Goldsmith, President of LISTnet, “Long Island’s startup community has the LI Angel Network, COMETS and talented young people with ideas ready to become businesses, but it was missing the place where all this can hatch and take off. Andrew & Rich through LaunchPad LI have provided that missing spark plug that will ignite LI’s Startup Community.” Mineola Mayor Scott Strauss thinks “it’s a great concept and it fits perfectly with our plans to revitalize and reenergize our downtown.”

Long Island startups and early stage ventures have already responded with overwhelming enthusiasm to LaunchPad Long Island as more than 24 companies such as DormFunding, CollegeStartup.org, TurboRoster, Dedicated eMails and RingLead are already inquiring about taking space and a Mineola-based startup has already signed-up for a private office suite! Moreover, Hofstra University, Stony Brook University and Touro Law Center, three major colleges on Long Island, along with Bethpage Federal Credit Union, LISTnet, Ruskin Moscou Faltischek, Eisner Amper and EGC Group are all supporting LaunchPad Long Island.

For additional information please visit www.LaunchPadLI.com or contact Andrew Hazen at andrew@LaunchPadLI.com or 855-8-LAUNCH.

The Art of the Pitch

Posted on January 28th, 2013 by AndrewHazenCom  |  No Comments »

Last week I hosted our second LI Startups meetup that focused on The Art of The Pitch. The event was well attended with over 70 entrepreneurs and after I covered some insight and tips on delivering a better pitch, I asked several people from the group, some even strangers, to “pitch” us all…..and they did!!

Here are some great pictures from the event and I also uploaded some video pitches that I recorded here…..what do you think?

@AndrewHazen

Founder vs. Co-Founders??

Posted on November 26th, 2012 by AndrewHazenCom  |  No Comments »

I’ve been doing LOTS of reading and research lately on startups and I must admit while it may seem ‘obvious’ many article and entrepreneurs suggest that the co-founder model provides balance for improved startup success. Moreover, I’ve seen a few accelerator programs that require not only at least two co-founders, but one of the co-founders MUST BE an engineer!

We all know of famous co-founders such as Bill Gates & Paul Allen; Steve Jobs & Steve Wozniak; Larry Page & Sergey Brin; Bill Hewlett & Dave Packard, etc. and I personally am ALL about surrounding yourself with an extraordinary team and getting the “best of the best” for each area where you need to succeed! Therefore, I agree with the statement that the co-founder model provides for improved startup success…

While I did not have a co-founder at my digital marketing agency of 15 years (I did have an outstanding team though!!!) I do have co-founders at Angel Dough Ventures and two other of my latest ventures and I will admit, besides someone else “having skin in the game,” when you find the ‘RIGHT’ co-founder(s) who compliments your skills/knowledge it makes the experience that much more enjoyable!!!

I know, I know, easier said than done which is why I want to try to help and share the following Co-Founder Resources with you:

FounderSoup.com
Founder2be.com
CoFoundersLab.com
Cofounder.us
TechCoFounder.com
FoundersHookup.com

Let me know your thoughts on Founder vs. Co-Founder!!

Thanks,
@AndrewHazen

Long Island Entrepreneurs: Come Out, Come Out Wheverever You Are!

Posted on November 13th, 2012 by AndrewHazenCom  |  No Comments »

As published today in Long Island Business News
————
Long Islanders looking to cash in on their good ideas but unsure of how to do so have a new resource to help them out.

A new special interest group, created by Angel Dough Ventures founder Andrew Hazen in conjunction with the Long Island Software and Technology Network, will aid would-be entrepreneurs with information and guidance on business formation, product/service development, funding and marketing.

All advice will be provided by local entrepreneurs like Hazen who have successfully brought their ideas to market, as well as experts from other fields such as law.

Hazen said it’s his hope the special interest group helps to create a series of new startup companies in the region.

The group’s first meeting is at 8 a.m. on Dec. 11 at the offices of Uniondale-based Ruskin Moscou Faltischek and there are already over 50 people signed-up to attend.

For more information please visit www.LIstartups.com
——————–
Hope to see you there!!
@AndrewHazen
@LIStartups

4 Websites to Get Inspired for Your Startup Idea

Posted on October 27th, 2012 by AndrewHazenCom  |  No Comments »

Are you looking for the right startup idea? Here are 4 websites that can help you to find the inspiration you are looking for:

IdeasWatch
Do you want to start something innovative? Check what people miss on the market at IdeasWatch. Creative minds share here (and keep sharing) hundreds of ideas they would love to use if they existed. Thanks to global scope of IdeasWatch you can discuss their business models, technical solution or marketing with other entrepreneurs, investors or geeks from all over the world. The international community also helps to spot similar projects in another country. If you fall in love with one of the ideas you can easily form a team with other people passionate about the same idea and start a business together.

Springwise
Would you rather start something that already exists and proved itself? Keep an eye on Springwise. More than 8,000 spotters bring new ideas from many countries on daily basis. The editors choose them very carefully to keep the high quality. Feel free to get inspired and try to run a similar idea in your region or in a different way. The website is visually very appealing thanks to pictures and nice headings for each idea. An advantage and drawback at the same time is the number of subscribers – more than 150,000 people receive the same idea, so act quickly!

Cool Business Ideas
Want another source of realized ideas like Springwise? From time to time look at Cool Business Ideas. The concept is practically the same, however, they have a much smaller community of spotters and less subscribers. This makes the ideas more scarce (less people want to do it). There are usually tangible products you might want to import to your country if they are not already there. The ideas differs from Springwise so there is no reason not to check both.

Killer Startups
Looking for emerging internet startups? Subscribe to Killer Startups. This site allows anyone to submit a startup for free. It is therefore popular among early-stage entrepreneurs to promote their projects. From the websites featured in this article, they publish by far the most startups per day (15+). The quality is varying though. Some of the startups turn out later to be quite big,while others keep their school-project-look and never grow up. Nevertheless, both are inspirational. It might not be that hard to catch up when you see a good idea that is poorly realized.

I hope these sites fuel your inspiration and entrepreneurial drive!!
@AndrewHazen

Angel Investors on Twitter and Facebook

Posted on October 25th, 2012 by AndrewHazenCom  |  No Comments »

I just came across what I think is a very useful resource for startups and entrepreneurs….it is a Directory of angel investors on twitter and facebook

One of the best ways to develop a relationship with an angel investor is to follow them on Twitter, their blogs and Facebook. Before contacting an angel, you should read everything they’ve written, tweeted, blogged or said (publicly)–that’s just startup 101.

Here is a list of some of the world’s most notable angel investors (sorted by location), their Twitter handle, Facebook page and links to a sampling of their investments.

Enjoy!!
@AndrewHazen

Ideas alone aren’t worth squat

Posted on October 25th, 2012 by AndrewHazenCom  |  No Comments »

Just read a great article by @RedHeadWriting entitled: Why Collaboration Is Key…..

Ideas. They bubble up all day long, when we’re sitting at stoplights or standing in line for our mocha-lotta-frappa-no-whip concoctions. And, I’ve noticed, the idea supply chain goes into overdrive after a few shots of tequila.

But ideas alone aren’t worth squat.

To turn ideas from air into something of value, you first have to admit that you’re not special.

I’m not special. It’s probably the most difficult lesson I’ve had to learn as an entrepreneur. I’m fallible just like everyone else. The day I stopped thinking all my ideas were brilliant and my business practices above reproach was the day my company started to take off.

I’m not special. It’s probably the most difficult lesson I’ve had to learn as an entrepreneur. I’m fallible just like everyone else. The day I stopped thinking all my ideas were brilliant and my business practices above reproach was the day my company started to take off.

I realized that, in their infancy, my ideas are just things bouncing around in my noggin like the last three gumballs in a glass globe outside the grocery store. On the surface, I had nothing. Ideas that sit in your head are worthless for a few reasons:

They’re idle. You haven’t built anything people can take for a spin.
They’re bulletproof. You haven’t put them in front of anyone who can shoot them down.
They’re invisible. If people don’t know about your idea, they can’t feel anything about it.

It’s easy to pick up a copy of your favorite magazine (this one included) and marvel at the finished products. What we rarely think about is how those ideas got out of the inventors’ heads and in front of other people–the only place where they have a chance for success.

So, a starting point for making that idea special: Find brains to bounce it off. We’re not talking about Facebook blasts to family and friends. Instead, seek out:

Your target consumers to find out if they would buy what you plan on selling. Listen–really listen to them–and act on their feedback.
Some down-the-line potential backers to see how they react. (But be careful with this bunch. If you waste their time, they won’t want to hear from you again. Be prepared, with a concise pitch and any questions you may have.)
Solo entrepreneurs who are on at least their second venture. You want to learn from their failures–and they’ll be the most honest with you. They’ll tell you, “Here are the challenges I see with that.”

So instead of sitting around with your idea, thinking about how pretty it is and how much you love it, start thinking about the people who can help you add some weight to your thinking. The doing: That’s the path toward special.
—————————
Some food for thought!!
@AndrewHazen

Can Crowdfunding Help Reduce Some Risk?

Posted on October 15th, 2012 by AndrewHazenCom  |  No Comments »

When creating a new product or service, one of the most difficult things to gauge is the level of market interest, if any. You, your family and friends may think you have a fantastic product, but how can you be sure that potential customers will think so too? More importantly, how can you test the viability of your product or service without spending a lot of money??

In the past, the way to test the market was to create the product and see how people responded to it. This meant committing upfront costs to manufacturing a small batch of the product – denying you economies of scale – and either going back to make more (if it did well), or losing the investment (if it did not).

Crowdfunding, however, helps reduce SOME uncertainty around market interest in a product or service. Depending on the crowdfunding platform, you may be able to raise capital simply based on a drawing/rendering or design-prototype. It is extremely important to note that capital raised via crowdfunding does NOT have to be paid back and you do NOT give up equity or go into debt.

In September 2012, Kickstarter, a leading crowdfunding platform, changed its policy and banned project renderings and simulations from starting crowdfunding campaigns. If this trend continues amongst other crowdfunding platforms than entrepreneurs may have to revisit committing to some small upfront manufacturing expenses.

What are your thoughts about crowdfunding?

@AndrewHazen