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Ask a great investor what factors are most critical in his/her success in selecting investments and you will probably hear some variation on the following list: Great Team, Great Idea, Huge Market Opportunity, and Innovative Business Model. But there is one other factor that most people don’t think about and very few track. So what is this key factor?? 

Sometimes a problem is so urgent and complex, you need the whole world working on it.  That’s COVID-19. Sometimes you also need the help of a global supercomputer. That’s Folding@home. A distributed computing project powering research into SARS-CoV-2, Folding@home seeks to develop effective, patent-free drugs to treat the deadly coronavirus, which has caused over 732,000…

The post All processors on deck in the race to research COVID-19 appeared first on Silicon Prairie News.

The concepts covered in a typical term sheet can be grouped into four main categories of investor concerns: Deal Economics; Investor Rights/Protection; Governance, Management & Control; and Exits/Liquidity. In this article we are going to tackle the Governance, Management and Control category.

From his father, Ryan Grace inherited more than a love of fishing. He caught the invention gene as well. In 2007, Grace, the founding partner of Advent, LLP—an intellectual property, innovation and technology law firm based in Omaha with clients around the globe—teamed up with his father, Ted Grace, to come up with an invention…

The post Advent, LLP Invents the Future of Intellectual Property Law appeared first on Silicon Prairie News.

A Kansas City-based esports league is working to connect communities and assist non-profits through competitive video gaming. Community Esports League is an inclusive, community-driven gaming league geared towards youth and hobbyist gamers to foster healthy competition and the creation of sustainable connections online.  AbdulRasheed Yahaya, chief business development officer for Community Esports League, said the…

The post From menace to memory booster: video games connect youth, community, nonprofits, thanks to Community Esports League appeared first on Silicon Prairie News.

Running a successful board meeting requires planning and discipline. Which in turn requires some experience and some guidelines. Without this preparation, you will waste precious time focusing on the wrong things. To help you orchestrate great board meetings, we pulled together a collection of well-tested guidelines that will make any early stage company board more productive.

With school reopening plans in apparent flux, Omaha coworking space Populus is teaming up with TheirSpace to offer tutoring sessions for students and coworking space for parents starting September 8. Reservations are open now and can be made online. Populus will provide two tutoring sessions to choose from each weekday in 4-hour intervals, one from…

The post Populus teams up with TheirSpace to offer tutoring for students and coworking for parents appeared first on Silicon Prairie News.

It’s all about connecting the dots for Lincoln agriculture tech startup RealmFive.  Through a series of products, sensors and cloud technologies, RealmFive is bringing the latest in tech to farms around the world. “Our goal as a company is to connect and control all the things that our customers care about on the farm and…

The post Ground-to-cloud sharing: Lincoln AgTech startup RealmFive revolutionizes wireless connectivity in agriculture appeared first on Silicon Prairie News.

COVID-19 has put a damper on a lot of economic activity in Nebraska this year, from the stock market to retail sales to restaurants.

But one area it has not had an effect is in venture capital investments.

There’s a lot of startup wisdom that is floating around out there from venture capitalists.
But since VC firms have to aim for massive growth in order to get the returns they are shooting for, almost all of their advice is directed towards companies that are aiming to conquer the world...

If you want to help an entrepreneur get through a demo day or pick up a few seed investors, you can do it by covering the basics. But if you want to help an entrepreneur raise serious money, you are going to have to dig deeper into your bag of tricks and address some of the advanced issues. These are the critical areas where pitches are almost always too shallow.

Omaha tech support company REDiTECH, which provides clients with outsourced computer support around the clock, is expanding into Iowa, opening an office in Des Moines next month.  REDiTECH is not letting the global pandemic disrupt plans to expand, company leadership said.  With an existing client base already in place in Des Moines, the expansion will…

The post IT support company REDiTECH plans Iowa expansion appeared first on Silicon Prairie News.

Joshua Armah, president of Wiase Research Institute and managing partner of Wiase Capital, got hit in the head with a baseball bat when he was 14 years old. A former Boy Scout turned teenage runaway on the streets of Atlantic City, New Jersey, he was trying to save his friend from a beatdown. Stepping up…

The post Bay Area software developer turned VC joins retired Nebraska STEM educator to strengthen local tech, startup ecosystems appeared first on Silicon Prairie News.

A lot of angels bandy the term IRR about, but its actual meaning and use sometimes feels like the question people are too embarrassed to ask. So to save everyone any awkwardness I’ve asked Christopher to take us through a quick review of the concept of Internal Rate of Return.

2019 ended on a high note for Omaha startup Gazella WiFi. In December, the company was acquired by St. Petersburg, Florida-based Bloom Intelligence, a Wi-Fi marketing and customer intelligence platform. Gazella’s services have been deployed in more than 2,000 Wi-Fi access points across 26 countries, a press release highlighting the acquisition said. Financial aspects of…

The post Catching up with Gazella Wi-Fi founder Eric Burns after the company’s acquisition by Bloom Intelligence appeared first on Silicon Prairie News.

For the approximately 19 million Americans without internet service, COVID-19 poses a stark roadblock to looking for work: the online job interview. As more companies switch to virtual interviews, jobseekers face a Catch-22. How can you get a job if you can’t do the interview online? How can you afford the internet if you don’t…

The post Do Space launches no-cost virtual job interview lab, helping Nebraskans return to work appeared first on Silicon Prairie News.

A very common practice in the investment world is syndication. Syndication allows multiple investors -- whether they be individuals, angel groups, VC funds, etc. -- to join together and provide the funding resources needed by one company. Syndication has been a common practice amongst VC firms for decades.

Lizz Whitacre is co-founder of Pawlytics, a cloud-based operations software provider for animal shelters and rescues working to develop electronic health records for pets and build the world’s largest pet database. SPN recently spotlighted the company and its socially driven mission to use data to save as many animals as possible. It’s a mission that…

The post 8 Qs for a Silicon Prairie Founder: Lizz Whitacre of Pawlytics appeared first on Silicon Prairie News.

As the global pandemic spread this spring, a trio of University of Nebraska at Omaha students helped quickly turn an idea into a valuable COVID-19 screening tool. The 1-Check COVID app was the result of an interdisciplinary team effort across the University of Nebraska Medical Center and UNO. Staff from the emergency medicine department at…

The post UNO students team up to develop 1-Check COVID app appeared first on Silicon Prairie News.

Almost every day we read about some large tech company acquiring a small startup. This steady drumbeat of exits starts to lull angel investors into a false sense of security. Since exits happen on a regular basis, we can just sit back and wait for someone to come along and offer to buy our company, right?

Pawlytics founder Lizz Whitacre has four dogs, three cats, one ferret and two horses. The serial entrepreneur joked that the office of her Lincoln-based tech startup could double as a petting zoo. “Everything I’ve ever done has been related to trying to save animals, while trying to figure out how to make a bunch of…

The post Lincoln startup Pawlytics solving a doggone problem for animal shelters  appeared first on Silicon Prairie News.

“Walk with, not by.” So goes the motto for Samaritan, a mobile app that helps users fight homelessness via direct, case-managed giving. It’s a slogan that eschews slacktivism for what might awkwardly be called “app-tivism”—the use of consumer-centric apps to take meaningful action toward a cause. More than merely sharing news or signaling one’s ethos…

The post Beyond Slacktivism: Samaritan and the Rise of App-tivism appeared first on Silicon Prairie News.

One of the less understood and seldom used instruments in angel investing is the stock warrant. Warrants are essentially the same as the more familiar stock option. Both are a contractual right to buy a certain amount of stock at some point in the future, at a price agreed upon now.

Lincoln-based agriculture tech startup Quantified Ag has been acquired by Merck Animal Health, the companies announced last week. Specific terms of the agreement were not disclosed. In August 2016, SPN profiled Quantified Ag. At that time, the company had developed an LED ear tag for livestock that monitors a variety of data points which may…

The post Lincoln-based startup Quantified Ag acquired by Merck Animal Health appeared first on Silicon Prairie News.

It wasn’t so long ago that the railroad ran on paper. Stacks and stacks of paper were used to keep track of the hundreds of thousands of rail cars that flowed through Union Pacific’s 23-state system. A slip of paper captured the customer’s property, each rail car’s schedule and final destination. It was the train…

The post There’s an App for That: Union Pacific Railroad Digitizes Workflows appeared first on Silicon Prairie News.

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