Colorado Inno – Grammy-nominated songwriter teams up with engineer brother to build smart wheelchair startup – Denver Business Journal

Colorado Inno – Grammy-nominated songwriter teams up with engineer brother to build smart wheelchair startup  Denver Business Journal
“startups when:1d” – Google News

I have 20+ years experience as a mechanical engineer employee. But I am now heading a startup that has a software component. I need your advice how to interface with the software head I am bringing on board shortly.

I have no experience leading a software individual or team. In my past experience, I have designed products that have moving parts, circuit boards and software but I never was in charge of the software side.

What frameworks can I use to communicate with my eventual head of software to make sure that she and her team are moving in the right direction.

I have zero software background so I need a good starting point to begin learning how to interface with software experts.

(The software component is relatively simple sort of like a smart thermostat with a couple sensors and an output. The interface will be just a smartphone or tablet.)

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Engineer launches Akron firm, wants more women of color like her ‘in the room’ – Akron Beacon Journal

Engineer launches Akron firm, wants more women of color like her ‘in the room’  Akron Beacon Journal
“startups when:1d” – Google News

How can I find an electrical engineer to out source the designing and prototyping of my toy startup idea?

I have a pretty simple toy idea and I want to first talk to someone to see what challenges I will face in the manufacturing process. How plausible is this idea to build? An estimate of manufacturing cost? Then finally outsource the design and creation of a prototype. I have a full time job and a decent savings.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

This VC introduced Palantir’s first business hire to its earliest engineer, then his business took off

You might not know yet of XYZ Venture Capital, a four-year-old, San Francisco-based seed-stage venture firm, but many veterans of Palantir are surely aware of it. XYZ says it has already backed 22 startups whose founders came out of the data analysis company, including most notably, Anduril, Lucky Palmer’s defense tech startup. In fact, the founder of XYZ, Ross Fubini, says his firm wrote Anduril its first check.

It all dates back to a key introduction. Fubini is a Carnegie Mellon grad who cofounded an enterprise company, CubeTree, that a dozen years later, sold to SuccessFactors, which was itself acquired by SAP the next year, in 2011.

Then, like a lot of founders, he started writing checks.

First, Fubini linked up with Mitch Kapor, another software mogul turned investor and a friend of Fubini who bought him into his venture firm and taught him the ropes. During his one year spent with the outfit, Fubini says, he wrote seed checks into the digital care company Omada Health, the optimization platform Optimizely (acquired this fall), and LendUp, the payday loan company that was split into two businesses back in 2018.

From Kapor Capital, it was onto Canaan Partners as a venture partner and, just three years later, to Village Global, the early-stage venture firm that was founded in 2017 with the backing of prominent founders like Bill Gates and Reid Hoffman. (Fubini helped cofound the outfit with a handful of others.) At the same time, Fubini began raising his own pool of capital under the brand XYZ Ventures, eventually launching a $ 70 million fund.

Now he’s turning the enterprise into a bigger organization.

For starters, this year, XYZ closed its second fund with $ 80 million in capital commitments from what Fubini says is predominately institutional investors, and it has been investing actively. Fubini says the firm has already written checks to 30 different startups that range in size from $ 500,000 to $ 4 million in exchange for 12% to 20% ownership.

He also brought aboard a partner: Chauncey Kerr Hamilton, who spent more than five years as a partner operations manager with First Round and was looking for a new challenge when a mutual friend introduced her to Fubini. “I kept hearing about Ross from founders and other investors and we met for coffee, then we kept meeting week after week,” she says of their earlier conversations.

Hamilton says she realized over time that “we’re kindred spirits.” But she has also pushed Fubini to be more public for the sake of XYZ’s portfolio companies.

As a former projects editor at Wired before leaping into venture capital, she half-kiddingly refers to the “mystique” of XYZ Ventures, but she also wondered if it might be easier for founders to discuss their lead investor if they could point to more than Fubini’s LinkedIn page.

Certainly, it makes sense as XYZ widens its aperture beyond Palantir, which was itself long known for keeping a low profile and where Fubini’s relationship began when he introduced Palantir’s first business hire to its first engineer. The first, a personal friend, is today Palantir’s chief operating officer, Shyam Sankar; the second, Akash (“Aki”) Jain, a former colleague of Fubini, is now the company’s president.

“It’s the highest value thing I’ve done,” Fubini says of bringing the two together, which led to an early and lasting advisor role at the company, where he helped develop senior talent and work through challenges (and received advisor shares in return).

Indeed, he has since become a first call for some who spin out of the company. In addition to Anduril —  cofounded by former Palantir execs Matt Grimm, Trae Stephens, and Brian Schimpf — XYZ has more recently backed the the San Diego-based financial planning platform Mosaic (cofounder Bijan Moallemi, a former finance exec at Palantir).

It also wrote the first check for Saltbox, an Atlanta-based startup that’s building co-working units for founders needing warehouse space. Saltbox’s founder, Tyler Scriven, previously spent more than seven years as a chief of staff at Palantir.

Fubini and Hamilton stress that while a meaningful portion of XYZ’s capital has flowed into the “Palantir diaspora,” the company has other areas of interest, too, mostly enterprise related.

XYZ is very focused, for example, on fintech, betting on Bond Technologies, a company that helps brands and banks integrate their offerings. It has insure-tech investments, like the brokerage Newfront Insurance. And it is focused on security and counts among its portfolio companies, a now highly valued outfit that poorly handled a sexual harassment situation but seems to have survived it.

XYZ even made a direct-to-consumer bet recently, though Fubini and Hamilton aren’t talking about it just yet.

Mostly, they say, they’re focused on “trends we believe are exploding,” says Hamilton. Think video, she says. Think fintech infrastructure, she adds. “For fintech that’s building a new bank, we think three companies will replace the crappy software” that supports them, says Fubini.

As for how they wins deals against VCs when it comes to founders to whom they aren’t already connected in some way, Fubini says it’s not so complicated. Being “bizarrely honest” has proved helpful, he says. But also, he says, “If you’re good, and you work goddamn hard, you start seeing more stuff.”

Startups – TechCrunch

Typical cost for an engineer SF / remote?

I am putting together a budget for first hires for a startup and I have heard that a general rule of thumb is 15k per month per engineer (180k / year). Although we are in SF we would would hire anywhere for remote work as well. 180k seems reasonable for bigger companies, but very expensive for a typical startup. What have you found to be typical for hiring engineering talent? Also curious if there are thoughts abt other employees salaries (marketing, UX etc)

tl;dr SF or remote engineer, Augmented reality, 2-5 YOE, how much should we expect to pay?

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Startups – Rapid Growth and Innovation is in Our Very Nature!