Tech startups pitch to investors
After 3 months at Geekdom, cloud-based businesses demo their ideas
SAN ANTONIO - It was showtime at the Empire Theater Thursday as one dozen entrepreneurial nerds, who had spent months perfecting their ideas at Geekdom, made their pitches to potential investors.
In a sort of graduation for geeks, it was the culmination of three months of work through TechStars Cloud, a startup accelerator program.
The program and the startup companies from across the U.S. took up residence at Geekdom, a downtown-based incubator for creative techie-types.
In a scene reminiscent of the TV show "Shark Tank" each entrepreneur had 10 minutes to take the stage and take his shot, trying to convince the audience of investors that his idea was the next big thing.
"The goal today is generate interest in investors and fill our next investment round," said Luke Owen, one of four founders of TrueAbility. TrueAbility is a service that helps companies and IT professional match abilities to needs.
"The amazing support that exists at Geekdom means if we have a legal question, there's a lawyer to help," he said. "We found our web design there at Geekdom."
Geekdom is a Rackspace-generated workspace for tech-minded people to collaborate and grow their ideas.
TrueAbility was one of two San Antonio-based startups to make the cut to participate in the TechStars Cloud program, which offers $18,000 in seed money.
The other homegrown startup is Parlevel, which basically turns vending machines into smart machines. Wireless meters inside the machines allow operators to get real-time inventory.
"The fact that we are part of TechStars and Geekdom and are part of a new movement in San Antonio, startups and tech, is life-changing," said Parlevel co-founder Luis Pablo Gonzalez.
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