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SAFE Notes Aren’t Safe — Try Revenue Sharing Instead
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SAFE Notes Aren’t Safe — Try Revenue Sharing Instead

Jarod Angehr is a finance professional from Texas State University, a start-up consultant and mentor, and entrepreneurially-focused writer on venture capital, start-up growth strategies, and start-up financing. Jarod is also a Venture Associate with Austin-based global accelerator, Newchip. He contributes today’s guest post on an increasingly used form of early-stage funding for startups, SAFE notes.  If you’ve researched funding options for your startup, you’ve come across the SAFE note. It stands for Simple Agreement for Future Equity and is a relatively new form of security the Silicon Valley accelerator program Y Combinator created in 2013.The SAFE note was designed to be a simpler alternative to convertible notes. Founders loved using convertible notes be...
CyberFortress Launches New Business Downtime Risk Assessment
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CyberFortress Launches New Business Downtime Risk Assessment

CyberFortress is one step closer to offering full cyber insurance services. The insurance technology startup has launched its downtime risk assessment as a free service to help e-commerce companies reduce their risks from an event that leads to downtime.CyberFortress will eventually offer cyber insurance policies designed for small- and medium-sized companies.“The main cyber threat facing e-commerce companies is downtime. A DDoS attack, ransomware, or even a service provider outage or failure can be devastating to an e-commerce company,” stated CyberFortress chief executive Huw Edwards. “If a small e-commerce company can’t collect revenue, they may not be able to make their next payroll, threatening their ability to survive.”Most insurance providers tend to tailor their cyber i...
After the Geekdom Pre-Accelerator, FloatMe App Secures $25K from Alamo Angels
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After the Geekdom Pre-Accelerator, FloatMe App Secures $25K from Alamo Angels

The Alamo Angels have committed to investing at least $25,000  in early-stage financing equity funding for FloatMe, Alamo Angels executive director Cat Dizon announced at the investors’ event Wednesday evening.Founder Josh Sanchez experienced firsthand paying for unexpected car expenses with a payday loan for $200 that turned into a $250 payback balance after only two weeks. Sanchez started thinking of less expensive options to access money short term and developed the FloatMe app in 2017 to enable workers to get a “float” or short-term advance on their next paycheck without paying hefty fees or interest.The other startup to receive a $25,000 Alamo Angels investment was Checkups,  a San Antonio-based startup provides bond agencies and local municipal jurisdictions a mobile applicat...
Geekdom Pre-Accelerator Participant Checkups Scores $25K from Alamo Angels
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Geekdom Pre-Accelerator Participant Checkups Scores $25K from Alamo Angels

The Alamo Angels have committed to investing at least $25,000  in early-stage financing equity funding for Checkups, Alamo Angels executive director Cat Dizon announced at the investors’ event Wednesday evening. The San Antonio-based startup provides bond agencies and local municipal jurisdictions a mobile application and software platform for monitoring clients who are out on bond while awaiting trial.Founder Enrique Pavlioglou was one of six San Antonio startups participating in Geekdom’s six-week pre-accelerator program. Josh Sanchez's FloatMe was the other pre-accelerator startup participant that also received a $25,000 Alamo Angels investment."Alamo Angels saw a huge opportunity to invest in both companies and add them to our growing portfolio of local startups," Alamo Angels ...
Catching Up with RealCo Accelerator Managing Director Cole Wollak
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Catching Up with RealCo Accelerator Managing Director Cole Wollak

The RealCo Long-Term Accelerator program recently moved into its new office on the sixth floor of the Rand Building, but that is not all that has changed since the beginning of 2019. In January, Cole Wollak, a San Antonio-based entrepreneur and mentor, took over as the new director.  He follows the former managing director, Richard Grote, who returned to his home in Boulder, CO.The program has been providing mentorship, networking resources, and early-stage investment in business-to-business (B2B) technology startup companies participating in the 15-month accelerator since its launch in March 2017."RealCo takes an active approach in helping our companies," Wollak said. "We have more of a 'just in time' information model, plugging in the appropriate content and mentors when companie...
Plus One Robotics, Codeup Finalists on Best Companies to Work in San Antonio List
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Plus One Robotics, Codeup Finalists on Best Companies to Work in San Antonio List

Working at a startup can be a unique experience. Startup founders expect more of their employees who often work on every aspect of developing a new company.  Because creativity and innovation help grow a new business, startup employees often have opportunities to try new approaches and learn the most current skills.This year, the San Antonio Business Journal (SABJ) list of Best Places to Work includes two prominent companies in San Antonio's startup community — Plus One Robotics and Codeup.SABJ partners with Quantum Workplace to survey employees at nominated companies, which must have at least 10 full-time employees based in the Bexar, Comal, Guadalupe, Wilson, Atascosa, Bandera, or Kendall counties to be eligible for inclusion on the list. Companies are grouped by size. The two st...
Texas BioMed Researcher Develops Improved TB Test for Use in Developing Countries
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Texas BioMed Researcher Develops Improved TB Test for Use in Developing Countries

The world's deadliest infectious disease is more common than you think. Tuberculosis, or TB, kills 1.6 million people every year and is one of the top 10 causes of death globally. Over 95 percent of cases and deaths are in developing countries, according to the World Health Organization (WHO).Texas Biomedical Research Institute (Texas BioMed) researcher Jordi Torrelles, Ph.D. knows these numbers well — he specializes in tuberculosis research. He developed a TB test that has been adapted for the challenging conditions typically encountered when diagnosing TB in developing countries.Torrelles traveled to Mozambique, Swaziland and South Africa in early 2019 to put into place research collaborations for testing a cheaper, faster, easier way to diagnose TB. The low-tech, low-cost test w...
Scaleworks Acquires SearchSpring, Leader In E-commerce SearchSpring
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Scaleworks Acquires SearchSpring, Leader In E-commerce SearchSpring

Scaleworks has bought SearchSpring, a technology company in the e-commerce space and first acquisition from the San Antonio private equity firm's second $80 million fund. SearchSpring provides search and navigation technology to direct consumers to the websites of consumer brands using artificial intelligence-powered algorithms.Gareth Dismore founded the company in 2007 in Denver, CO using private funds to bootstrap its growth. Dismore has deep expertise and experience in software engineering, machine learning, and e-commerce and will leave the company now that is has been acquired.“After 11 years of operating independently as a bootstrapped company, SearchSpring will now have the backing of a team of technology veterans that share our passion for search, merchandising and helping ...
SaaS, Cyber Startups Land on 2019 List of Fastest Growing Companies in San Antonio
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SaaS, Cyber Startups Land on 2019 List of Fastest Growing Companies in San Antonio

The first ever Growjo Industry Awards debuted its indexed list of fastest-growing companies in Texas broken down to show the ranked companies and number of jobs available in Austin, Dallas, Houston, and San Antonio. Growjo uses an algorithm to track growth metrics such as hiring trends, funding and financial data, web traffic, and other signs of traction for companies under 1000 employees.The 100 fastest growing companies in San Antonio collectively have 1,317 job openings.  Local startup Brokerage Engine landed at the top of the new list of rapidly growing companies in San Antonio, with other software as a service (SaaS) and cybersecurity startups, as well as established companies in other industries completing the group.Brokerage Engine offers a SaaS platform for real estate brok...
Knight Aerospace Expands Operations to Port San Antonio
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Knight Aerospace Expands Operations to Port San Antonio

San Antonio-based Knight Aerospace, a company that manufactures customized kits to transform the interior of military cargo planes quickly for other uses, is expanding its operations to Port San Antonio.Later this year Knight Aerospace will move to 3604 SW 36th Street where the company will have about 80,000 square feet for fabrication, design, research and development, and office spaces in its new facility at the Port.Launched in 1992, the company is recognized globally for its design and fabrication of specialized self-contained units — modular, palletized systems that can be loaded easily onto an aircraft to transform its functionality in a matter of hours.The U.S. Air Force uses Knight’s airplane modules on its C-130, C-17, C-27J, C-235, and C-77J/G222 aircraft, among other...