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Sep 3 10

Week in Review: August 29 – Sept 5

by Carrie Stalder

In the cafe this week we welcomed a number of newcomers, including Joe Bates from MIT’s Media Lab, James and Mark from Square 1 Bank (a new CIC client! and ‘creative lender’ to startups), Rory O’Connor (The Essay Exchange) and some regulars like David Im (Mercavo), Tom Waggoner, Eric Braun (South Shore Innovation Center), Samuel Chow and Mark Soper (rallyplan.com).

Part of the intimate crowd this week included appearances by Galen Moore (Mass High Tech staff writer) and Greg Huang (Xconomy Boston editor), who scheduled a meeting at the Cafe with each other (!), Bobbie Carlton (Mass Innovation Nights organizer), and Joost Bonsen (MIT ‘minion’).

A piece of our mission is to be a window into Kendall Square’s buildings, to benefit the Kendall community as well as the Greater Boston community. This week we hosted the MIT VentureShips Club to talk about the opportunities for startups to work with teams of MIT grads and undergrads during the term. (“VentureShips” is a mash-up of venture and internship – i.e., internships at startups.) Taroon Aggarwal, Vice President of External Relations, as well as two of his colleagues chatted with attendees about their startups and about the program from 4-6pm.

As I’ve done in the past – an incentive to connect your LinkedIn profile to your nametag is getting listed here. Here are the stars for this week, in order of check in: Matt HodgsonBen HronMichael CohenChris Myles, and Amy Tindell. I’d love to be able to mention you in a future week! All you have to do is connect your LinkedIn profile, visit the cafe on a Thursday when we’re open, and sign in to the virtual nametag system. Email info@venturecafe.net if you have any trouble connecting your profile.

Thanks again to all of our visitors, this week and every week, and to our 801 (!) Twitter followers! You are what makes Venture Cafe the place to be on Thursdays… well, that and our great beer :)

- Carrie

Aug 30 10

This Week in the Cafe: August 29-September 5

by peyton

First, while this is not happening in the Cafe, nor this week, we thought this was a good chance to share with you a great opportunity:

Entrepreneurs, Innovators and friends of Venture Cafe and NEVCA, meet one of your biggest fans:  his name is Governor Deval Patrick and he wants you to bring more business to Massachusetts. To answer questions about how Massachusetts supports small business, and to meet the people benefiting from his new tax cuts for startups and easier acquisition of health insurance policies, he’d like to meet you for breakfast.  Governor Patrick will be holding a breakfast for the startup community at 7:45 am on Wednesday September 8th to give some brief remarks followed by a Q&A. The event will take place at CIC and is being organized by our continuing partner, New England Venture Capital Association.  If you’re interested in attending, you can rsvp (no later than September 3) here, using the password: NEVCAInnovation, or contact Arlene McNulty directly.  Don’t miss this opportunity to connect with the Governor and express your concerns or questions about innovation in Massachusetts. This is a great opportunity to interact with your community’s decision-makers. Want another opportunity? Register to vote and participate in the gubernatorial election this November. You can download a form here.

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In other Venture Cafe news, this Thursday we will welcome Ventureships, an MIT club geared towards connecting teams of MIT students with MIT-affiliated startups for shared exchange of ideas and greater understanding of the startup process.  If you have a startup, consider taking on a team of students who can help with the problems that you face and contribute a fresh perspective to your business idea. Not only will you be getting some extra help, but you will be helping to expose the next generation of entrepreneurs to the nuts and bolts of the business process. Businesses at all stages are encouraged to apply; a representative will be at Venture Cafe this Thursday to answer questions and give more information about the club.

Venture Cafe looks forward to being your window into MIT with future events already in planning stages.

As always, the cafe will be open from 3-8pm and will be stocked with your favorite local beers and refreshments. Welcome back, students!

-Liz Peyton

Aug 30 10

From the Bar: Blue Hills on tap

by tindell

The new beer on tap last week hailed from the Blue Hills Brewery, located in Canton, Massachusetts. The Brewery embraces its location in the Blue Hills and on the South Shore, and strives to demonstrate civic responsibility in addition to producing great beer.

Generally, Blue Hill Brewery beers go through two rounds of fermenting. The first found takes 7-9 days, and during the second round, the beer is chilled to around 40 degrees for another 7-10 days. After fermenting, the beer is filtered, carbonated, and kegged.

The classic Red Baron Ale incorporates a combination of specialty dark roasted malts, giving it a deep red color. The beer is only lightly hopped in order for the drinker to enjoy its complex malt character. The tongue registers sweetness at first taste, but Red Baron has a dry finish. Come try it out this week!

Aug 28 10

Week in Review: August 22-29

by peyton

If you attend Venture Cafe, you at least have an idea of the extent to which Greater Boston surpasses most other places in advancing social welfare through invention. Now that you know, why not celebrate it with the Museum of Science’s Invented Here! exhibition? Liz Callanan and Scott Hultman represented MoS on Thursday in the cafe and spoke with some of our entrepreneurs about how they have contributed to the invention-oriented environment in Boston. Scott Hultman spoke with me about this evolving project that they are now ready to launch – the Museum is excited to feature inventions that convey the significance of scientific advancement to museum-goers from around the world. Invented Here! is being organized in association with the New England Patent Law Association so applicants must have obtained a patent for their product within the last five years, and the invention must have continued relevance to the technologically advanced environment that dominates much of Boston. Here’s the Invented Here! website in case you’d like to enter your invention to be celebrated by the Museum of Science and general public.

Luis Garcia and Android-founder Rich Miner of Google Ventures, and Alex Taussig of Highland Capital Partners were also conducting office hours in the cafe.  We were so glad to welcome both firms and hope to see all representatives again, even if it’s just for a casual beer and conversation. If you’re a VC who has held office hours at the Venture Cafe, don’t be shy about coming back informally! You certainly don’t need to be holding office hours to come and enjoy the ambiance and amenities at Venture Cafe.

We were also pleased to have two new local beers on tap – Maine’s Allagash White and Blue Hills Red Baron Ale from Canton, MA.

Next Thursday begins September’s great lineup of events — make sure that you’re around to participate! See tomorrow’s post for more information.

Have a great weekend and welcome back to all the students!

-Liz Peyton

Aug 24 10

Addition to This Week in the Cafe

by peyton

Hello all:

We have one addition to the lineup for this week: Rich Miner and Luis Garcia of Google Ventures! Now that their tentative spot has been confirmed, you can plan on seeing them this Thursday from 3-6pm, along with Alex Taussig of Highland. Appointments will be first come, first served so come early to ensure that you get a spot.  

As Google’s primary investment arm,  Google Ventures seeks to invest in great ideas proposed by forward-thinking entrepreneurs. The fund doesn’t limit its investment to any particular area, and its portfolio currently contains companies in various stages of development and with very diverse focuses.

Before becoming an Associate at Google Ventures, Luis Garcia, (@ldgarc) worked in international product management for Youtube. While pursuing an engineering degree at Stanford University, Luis was a finalist at the Entrepreneur’s Challenge business plan competition. Who better to discuss your start-up with than someone who’s been intimate with both the entrepreneurial end of business, as well as the VC side? To learn more, see Luis’ bio, courtesy of Google Ventures.

Rich Miner (@richminer), co-founder of Android, has had extensive experience in founding and heading companies that focus on mobile/wireless technology and consumer products. Before becoming a partner at Google Ventures and Android, Rich  worked as Vice President at Orange Ventures, dealing in research and development. He holds a PhD in Computer Science and clearly holds extensive knowledge about building strong companies. Here’s his bio, also courtesy of Google Ventures.

Secondly, if you would like to schedule an appointment with Alex Taussig, please email Alison Howard at ahoward@hcp.com or schedule your appointment through Highland’s Facebook page. Appointments made with Alison or via Facebook will be the only ones on the schedule so if you have made an appointment with Brian Tino, plesae send another email to Alison to reschedule and confirm your spot.

Looking  forward to seeing you Thursday!

Aug 23 10

This Week in the Cafe: August 22-29

by peyton
It isn’t news to most attendees of the Venture Cafe that Boston and the rest of New England make up one of the most innovative regions in the world. As the summer comes to a close, why not come celebrate that distinction with Museum of Science this Thursday from 4-6pm? As an acknowledgement of all the wonderful inventions that come out of New England, the Museum of Science, in association with the New England Patent Law Association will be coming to the Venture Cafe to collect submissions for “Invented Here,” a celebration of New England’s inventors. MoS is looking for inventors who have been issued a patent within the last five years, reside in New England, and who’s inventions represent scientific breakthroughs significant and relayable to the general public. Museum of Science represents a great vehicle by which the innovative activity going on in New England may be broadcasted and celebrated by the general public — come have your inventions exhibited with the rest of the best! For more information, see Museum of Science’s description of Invented Here.
Highland Capital Partners will be in the Cafe for the second consecutive week, this time represented by Principal Alex Taussig (@Ataussig). Highly accomplished both within the business and academic worlds, Alex’s has experience in a range of fields from the MIT Magnetic Materials and Devices Group to McKinsey & Company. His expertise can support start-ups geared towards scientific solution to energy and environment issues. You can read Alex’s blog to understand his approach to start-ups, cleantech and innovation investments. As usual, if you’d like to have a 15 minute one-on-one meeting with Alex, make sure that you send an email entitled “HCP Office Hours” to (edited) ahoward@hcp.com with your name, a brief summary of what you are working on and what you are looking to gain from the meeting. Alex will be in the Cafe from 3-6pm.
With Labor Day, (and consequently the end of summer), around the bend, we hope you come help us end August well! Stay tuned for Amy’s commentary on this week’s beers and we’ll see you on Thursday!

- Liz Peyton

Aug 23 10

Week in Review: August 22-29

by peyton

Due to an issue with our server, we were unable to post either the “Week in Review,” or “This Week in the Cafe” posts this weekend.  We apologize for the inconvenience and are happy to bring you both posts today.

In slightly different context, this Thursday was termed “An August Miracle” by Highland Scheduler Alison Howard. While this comment wasn’t referring to our stellar turnout, I think it can be related. August has been a quiet month in terms of the breadth of events put on by the Venture Cafe, but by no means in the amount of people who have attended.  Despite NEVCA’s hiatus and the lazy nature of this last month of summer, people continue to come and connect within our temporary kitchen space.
To that end, the events that we did hold this week were quite a success, supplemented by the strong turnout of first-time cafe-goers that came to connect. Senior Vice-President of Highland Capital, Michael Gaiss, was kind enough to hold ad-hoc office hours and met with hopeful entrepreneurs like Michelle Salamone and Jason Feldman of SOsponsored.com, a custom-clothing company that pairs 3D design technology with the ability to lower costs by tagging corporate sponsorship right onto the product.
Michael’s office hours were paired with the third #IDTechUp, brought to you by Seeding Labs (@SeedingLabs), a non-profit on the forefront of using scientific breakthroughs to help developing nations. This event marked the send-off of the four Kenyan fellows, working with Seeding Labs for the summer on behalf of Kenyatta University in Nairobi. Seeding Labs has been garnering quite a bit of publicity in the past couple weeks, as CEO Nina Dudnik has been showing the biotech community how their innovative achievements may make biotechnology more available abroad. In a recent article in Mass High Tech, entitled, “Life Sciences Firms Explore Ways to Help Developing Nations,” Dudnik talks with writer Mark Songini about how traditionally, using biotech innovation for the public good has not been a goal for firms due to the already difficult process of getting funding, even for for-profit ventures. There is also a notable lack of intermediaries and infrastructure between invention and distribution in developing countries. Dudnik provides some ideas for biotech companies to skirt these problems, including looking for funding on other avenues like grant foundations or giving rights to your drug to the World Health Organization so that they are responsible for distribution and your company is only responsible for production. Measures such as this that make biotech more accessible and geared towards societal benefit could show a new trend in the role biotechnology plays in international development efforts.
Seeding Lab’s International Development event,  as well as my chat with Usman Hassan, a management consultant at Oliver Wyman, inspired me to end this post with one last note. In the talks I have heard by VC’s this summer, there has been a prevalent idea of making sure there is a market opening for whatever your start-up may cover, because once the window closes, you may have missed your chance. I’d like to relate this idea to the current state of disaster in Pakistan. It has been nearly four weeks since the devastating floods first began to decimate whole villages and infrastructure. As time lapses between the start of the disaster and the present, press coverage may begin to lag as miserable conditions become a norm instead of an irregular state.Usman and his partner Daniyaal, both Pakistani-American, came to Venture Cafe this week, not to promote their start-up, but rather to speak about the floods, in line with the “International Development and Technology” gathering. I was reminded that now, while media coverage is still generous, people are most likely to use their tremendous brain power to attempt to help with this issue. Our dependence on media coverage often means that once things fall off of the homepage of your news source of choice, they fall out of concern as well.  If you’re interested in joining the conversation about how best to address the disastrous conditions in Pakistan, post a comment or tweet @VentureCafe and we’ll put you in touch with Usman and others.
Let us know your comments on our Belgian Beer tasting! Shoot us a comment or tweet @VentureCafe with your thoughts and suggestions.
-Liz Peyton

Aug 19 10

From the Bar: Brewing It Belgian Style

by tindell

I set aside time this past weekend for some more very serious beer research. With Carrie slaving away on her thesis, I attended Julio’s Liquors Belgian Beer Fest with a group of beer enthusiasts. You may ask, as I did, what makes Belgian beers Belgian? I imagined there must be some unifying characteristic, as I’ve so often heard the term “Belgian beer” used as if I should understand exactly what it means.

Although I’d say vaguely that Belgians (the beers) tend to be sweeter and have higher alcohol content – I’ve heard them described as the bridge between wine and beer – they do not fall into any one defined category. In fact, Belgians (the people) have been brewing beer since the Middle Ages and now offer over 450 varieties of beer.

You may have heard of a few of these varieties. There’s the “Red Beer,” brewed from red barley, maize, and grits, which tastes sharp, sour and fruity. The Lambics, originally brewed in Belgian farmhouses, are brewed without cultured yeast and contain at least 30% unmalted wheat. The brew is exposed to the air during production so that wild yeasts bring about fermentation, producing an acidic, tart, dry beer. To balance the sourness of Lambics, some brewers add fruit. For example, “Kriekbiers” are made with cherries that stimulate secondary fermentation, and a “Framboise” includes raspberries. Additionally, White Beer, or “Witbier,” is a pale beer that includes malted barley and raw wheat, along with spices such as orange peel and coriander, producing a cloudy beer. Finally, many beer drinkers know about Trappist beers, which tend to be complex, strong, spicy, and top-fermented, with yeast added at the time of bottling for secondary fermentation. Technically “Trappist” may designate only beer brewed in six monasteries in Belgium, and “Abbey” applies to other commercial brewers producing beer in that style.

At Julio’s, I tried a variety of these styles. I tasted an IPA first, to get it over with because I don’t enjoy IPAs, but I was pleasantly surprised. The Duvel Houblon Chouffe Dobbelen IPA Tripel started out sweet and fruity, but the intitial taste was quickly balanced by the IPA hoppy bitterness. To me, this IPA Tripel is the IPA for those who don’t exactly savor an IPA. Next I watched the St. Bernadus Abt. 12 fall into my glass; this beer was sweetly malty but balanced, rich, and robust. My friends and I rushed to get a taste of Black Damnation (recipe 1, batch 2), a Russian Imperial Stout with a whopping 13% alcohol content. Black Damnation poured smoothly and darkly, with coffee and chocolate aromas, but had a surprisingly thin mouth and seemed to have a dry astringent taste.

Next in line was the Duchesse de Bourgogne – a Flanders Red Ale. It smelled vinegary and cherry-like, and its sourness made me pucker, although crisp carbonation and fruitiness helped to balance it out. It you like sours, the Duchesse is a good one to try. Finally, I tried the Cuvee von Der Keizer Rood, a Belgian Strong Pale Ale, which boasted sweet malts, Belgian yeast, floral and citrus tones, and a touch of honey. At 10% abv, the alcohol makes its presence known in the taste.

Always one for sharing, I left Julio’s with a couple of 22oz bottles for tasting. Combining Belgian style brewing with our preference for featuring local beers, I bought some Haverhill Belgian-style IPA, and a Haverhill Belgian-style Tripel. We’ll see if we can figure out these Belgians once and for all.

To learn more about Belgian beer brewing, see

http://www.beer-pages.com/stories/belgian-beer-guide.htm

http://www.bellaonline.org/articles/art41374.asp

Aug 16 10

NEVCA September Office Hours – Sign-ups Now Open

by peyton

We are pleased to announce the continuation of Venture Cafe’s partnership with New England Venture Capital Association into the Fall!

After taking a break for August, NEVCA’s September Office Hours have been announced, with the first ones occuring on September 9th. Accompanying the anticipated return is a slight change in format NEVCA is trying in order to maximize productivity of the one-on-one appointments. In keeping with this new format, please ensure that you arrive between 3:00 and 3:15pm to check-in. The open discussion that takes place at the beginning is now required if you would like to have a one-on-one session. One-on-one spots will be announced at the conclusion of the Q&A session. NEVCA will no longer pre-confirm appointments before the event. NEVCA is instituting this new system in order to make sure that as many people get face-time with VC’s as possible, and hopes you understand.

That being said, I’ll now introduce our VC’s for September:

September 9, 2010 — Technology focus

Tim Wright, of Grandbanks Capital brings years of experience to the start-up world, having overseen “39 mergers and acquisitions during his operating career,” according to his bio on the Grandbanks website. His vast expertise lies in the internet tech realm and he currently sits on the Board of Directors of Looksmart Ltd., and serves in some capacity on numerous other projects. (Grandbanks Twitter)

Mark Hatfield, of Fairhaven Capital is a great resource for all things mobile technology and corporate business development. He joined Fairhaven after heading West Coast Ops at Motorola Ventures, and spending time in Chicago headingStrategy and  Business Development for the CIO and IT at Motorola. Mark and has also had experience with Bank of Montreal and Bell Canada Enterprises. Find his bio here. (Fairhaven Twitter)

September 23, 2010 – Life Science focus

Darren Black, of SV Life Sciences, focuses on healthcare and pharmaceutical services and technologies. Darren sits on the boards of five successful companies and can direct hopeful healthcare start-ups in how best to move forward. See his SV Life Sciences bio here.

Caleb Winder, Vice President of Excel Medical Ventures, brings an equally impressive background in healthcare to the Cafe, with expertise in sales and marketing within the healthcare industry. Caleb is well-connected within the healthcare industry and has extensive experience in securing funding for healthcare startups. Here’s his bio, courtesy of the Excel Medical Ventures website.

We hope that these descriptions will help you find the best person to whom you should bring your ideas and questions.

Indicate your interest here: http://bit.ly/NEVCAofficehrs

Aug 16 10

This Week in the Cafe: August 15-21

by peyton

Since the birth of the Venture Cafe prototype a mere 6 months ago, Highland Capital Partners has been an integral partner and enthusiastic participant in our events. This week, we welcome Highland Senior Vice-President Michael Gaiss, in lieu of Gaurav Tewari and Craig Driscoll. He will take appointments on a ‘first come first serve’ basis from 3:30-6pm. Best to come early to ensure that you’ll get to speak with Michael.

This week’s other event will be the #IDTechUp, organized by Seeding Labs.  This event is also starting to become a mainstay on the Venture Cafe scene, hosting its third meetup this summer.  At this time, the folks at Seeding Labs are looking into how to increase funding opportunities for science research in Africa by helping their fellows from Kenyatta University in Nairobi with presentations and grant-writing. Ever wonder how you could contribute to innovation in countries that need it the most? Stop by this week and chat with Nina and others about obstacles they face and what resources they need. You never know how your work in Cambridge could positively affect thousands in countries far away. While the Seeding Labs/Novartis Fellows have returned to Kenya, we hope this becomes a gathering point for startups interested in international development and emerging markets.

Tried one of our new bizarrely-named local beers yet? Keep up with the blog for the bar manager, Amy’s, commentary on keeping some of the most useful and serendipitous conversations hydrated and interesting.  See you Thursday!

-Liz Peyton