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JuiceTank http://www.juicetank.com Innovative Youth Conferences with a Social Cause Mon, 23 Mar 2015 17:41:43 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.3 Foodpreneur Bootcamp – Recipe For Success http://www.juicetank.com/foodpreneur-bootcamp/ http://www.juicetank.com/foodpreneur-bootcamp/#comments Mon, 16 Mar 2015 18:44:04 +0000 http://www.juicetank.com/?p=4658 Foodpreneur Bootcamp – Recipe For Success

The Foodpreneur ® Recipe for Success Bootcamp is an intensive series tailored to new food entrepreneurs who have a great specialty food idea but are unsure of the next steps. The program covers the key ingredients needed to be a successful entrepreneur in the food industry. Participants will have an overview of the many facets involved with creating and launching a food or [...]

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Foodpreneur Bootcamp – Recipe For Success

The Foodpreneur ® Recipe for Success Bootcamp is an intensive series tailored to new food entrepreneurs who have a great specialty food idea but are unsure of the next steps.

The program covers the key ingredients needed to be a successful entrepreneur in the food industry. Participants will have an overview of the many facets involved with creating and launching a food or beverage product.

To find out more about this great workshop and to attend the event, check out the Foodpreneur Bootcamp event page.

 

**Note – All JuiceTank members receive 50% off the admission price

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Lunch & Learn – Issues That Startups Face With HR & How To Address Them http://www.juicetank.com/startup-mistakes-hr/ http://www.juicetank.com/startup-mistakes-hr/#comments Sat, 14 Mar 2015 19:30:54 +0000 http://www.juicetank.com/?p=4667 Lunch & Learn – Issues That Startups Face With HR & How To Address Them

Human Resources has been one of the most common issues that startups that we work with have faced – because of this we are bringing in Matt Tetefsky and Joe Charles, HR Consultants at TriNet to give a discussion on how to build the right team. If you are looking to build a team for [...]

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Lunch & Learn – Issues That Startups Face With HR & How To Address Them

Human Resources has been one of the most common issues that startups that we work with have faced – because of this we are bringing in Matt Tetefsky and Joe Charles, HR Consultants at TriNet to give a discussion on how to build the right team.

If you are looking to build a team for your company, you may be asking yourself some of these questions:

  • What do I need to know in managing the human capital aspect of my business?  Where are the risks?
  • What are the top Human Resource mistakes made by start-up companies that I can avoid?
  • How can I be competitive so I can attract and retain top talent?

We are also offering all-day coworking as part of the admission cost – so $5 gets you all of that

So come down and work with some talented people for the day – and learn something new! We’ll also have our full team on staff to answer any questions that you may have about your startup.

Here’s the schedule

Coworking / Networking – All Day!

The Lunch – Noon

The Learn – 12:30 – 1:30

How to attend

Just RSVP on the New Jersey Entrepreneurs and Tech Startups page

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Believe It Or Not, These Mistakes Will Break Your Startup http://www.juicetank.com/startup-mistakes/ http://www.juicetank.com/startup-mistakes/#comments Thu, 12 Mar 2015 03:19:03 +0000 http://www.juicetank.com/?p=4639 Believe It Or Not, These Mistakes Will Break Your Startup

So if you’re reading this article it means that you may have made a mistake in your journey as a startup founder – and that’s totally OK. I’m glad that you’re here. Or you enjoy reading about other people’s pain, which in that case I hope you can teach those who are struggling to improve. [...]

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Believe It Or Not, These Mistakes Will Break Your Startup

hurdles-post

So if you’re reading this article it means that you may have made a mistake in your journey as a startup founder – and that’s totally OK. I’m glad that you’re here. Or you enjoy reading about other people’s pain, which in that case I hope you can teach those who are struggling to improve. Or maybe you are just getting into the startup game (if you are starting in my homestate, New Jersey, check out what went on in the last year).

I’m glad that you have come to read about what I’ve learned from my experiences in advising startups. Let’s see what you can learn below – and if you already know these tidbits, pass them on to a friend that’s looking to start a company.

NDA photo-post

Mistake #1 – Keeping your idea a secret

Sometimes a startup needs to go into stealth-mode to protect its intellectual property, especially if it is gunning for a patent on a particular technology. However, most of the time your idea isn’t really as proprietary or patent-able as you think.

One of the biggest misconceptions I get from founders is that their ideas need a be a secret, and if they tell me without me having signed an NDA I’m going to skip town with their idea and make millions. So what’s the reality here? You’re really shooting yourself in the foot with this one.

If you’ve spoken to investors before, you’ve probably been told that ideas aren’t worth all that much. If you can’t execute it, it’s really worth nothing. The worst part is that I understand why it’s such a rookie mistake – we were always told not to trust others, and there already is a fear of failure. Because of that fear, an entrepreneur will crave as much control as possible. It’s hard to feel like you’re in control in the beginning, so it feels comfortable to feel like you are protecting that idea and locking up your brain like Fort Knox.

Here’s the problem – not only does making people sign NDAs for no real reason annoy the heck out of most (I do know a small lot of folks that enjoy signing their names on as a many documents as possible, though), your sacrificing critical data on whether or not you are launching something that has a real product-market fit.

Solution:

Just stop being secretive, and embrace that the startup community is looking to help you out. And if you’re secretly afraid that your idea might stink, better to fail fast and reboot. Take your idea to a Startup Weekend or Lean Startup Machine and see what others think, and build it from there. And what about after you’ve gotten some traction? VCs and potential buyers have their own NDAs for you to sign (and they often don’t do special ones just for you), so the solution really is to get used to it.

wrong cofounder-post

Mistake #2 – Giving too much equity too early and not writing an air-tight shareholder’s agreement

So you’re at the point where you’ve realized that your co-founder was all-talk – you’re contributing the sweat equity and he’s riding off your coattails. The sad fact is that many startups fail not because of a poor product, or a lack of cash flow, it’s the drama that occurs within the founder’s circle. And why does this drama occur? Often because equity was distributed far too early without accurately assessing what each partner was going to bring to the table and not writing the proper shareholder’s agreement. And for those who offer to “advise for equity”? Don’t get me started – talk about equity once you’ve been working with them for at least a year.

Shareholder’s agreements are made for precisely the reason that your co-founder has something to prove.

Solution:

Writing an air-tight shareholder’s agreement – don’t skimp on this cost, and often people do when they don’t know how to really write one. If you have access to a great legal team, take advantage of that – if not, there are many firms that are working with startups (just ask the folks at LawTrades).

Well written shareholder’s agreements cover all of the bases – from term sheets, to vesting schedules, to what happens when a principal leaves the company. If you can establish early on the terms of when a principal leaves the company, that saves a lot of future aggravation. To learn more about shareholder’s agreements, I recommend that you read this resource from Business Insider.

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Mistake #3 – Using “once we get funding…” as a crutch.

Remember the venture capitalists are constantly hedging their bets – and when they make a gamble on your startup, they are expecting that there will be a 70% chance of failure. So how do they make gobs of money to add to their portfolios? Think the other 30%. As a forward-thinker, know that being funded is not the golden ticket – it comes with its own risks and issues that you’ll pay for in the long run.

But let’s focus on the lack of funding excuse that I hear all of the time. The most successful starts that I have worked with have started with thousands of dollars, not millions, and have been able to build by not searching for funds, but by closely monitoring their cash flow.

Solution:

Realize the importance of cashflow, not just profit. Maintaining about a moving a 10-13 weekly cashflow forecast will greatly increase your chances of making it. Don’t tie your cashflow up into too many things in the beginning, and you should build yourself a very solid foundation. And if you think you’ll need to invest too much into your product? Build something else that doesn’t cost so much first! And remember the golden rule – good businesses make money.

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Mistake #4 – Being so busy. Read on to see what I mean.

Do you really need to be focusing on every SaaS that you’re going to need for your startup instead of focusing on product, and most of all your customers? Being involved with every single part of the process as the founder is a mistake that will cause you to make very little progress – you’re trying to build a team for a reason. Know how to delegate, know how to manage, but do not do the small tasks that can be handed to someone else that can be trusted.

Solution:

It’s easy, really. Focus on your customers (see what Groove CEO Alex Turnbull has been doing here), develop your product, raise capital (yes, I know what I said earlier but smart capital is still something to focus on), and cash flow. Done. Oh, and remember that’s it up to you to figure out how your sales team is going to sell your product.

Any other mistakes that you’ve made in the past?

Our readers would benefit from hearing your startup stories, positive or negative. So don’t hesitate to contribute to the comments below!

 

startup-digest-300Want to learn more about what goes on in the NJ Startup ecosystem? Sign up for the Digest!

Issues come out every week, with news and stories curated by Charlie Patel and Mason Carter. Here is the signup page - it’s as simple as a click and an email. If you also have any tips on stories or would like to highlight your startup’s milestone, let us know and we will evaluate it for the Digest.

Also, if you have any other great New Jersey startup stories to share, please let us know in the comments. I would love to hear from you. You can also tweet at me @masoncarter88.

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Made in JuiceTank – Kevin Hawkins’ Watson Powered App Released http://www.juicetank.com/usmeu-app-store-release/ http://www.juicetank.com/usmeu-app-store-release/#comments Wed, 11 Mar 2015 17:36:29 +0000 http://www.juicetank.com/?p=4594 Made in JuiceTank – Kevin Hawkins’ Watson Powered App Released

There’s always a time where one of our Community Members does something cool. Check out what programmer Kevin Hawkins has just released on the iTunes app store** **To Android-lovers, Kevin is working hard on this version as we speak So question – are you compatible with Bill Gates? Are Kim and Kanye really compatible? What about [...]

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Made in JuiceTank – Kevin Hawkins’ Watson Powered App Released

usmeuThere’s always a time where one of our Community Members does something cool. Check out what programmer Kevin Hawkins has just released on the iTunes app store**

**To Android-lovers, Kevin is working hard on this version as we speak

usmeuinterface

So question – are you compatible with Bill Gates? Are Kim and Kanye really compatible? What about you and your lover?usmeumain

UsMeU uses IBM’s Watson (the Jeopardy winning supercomputer trained to use linguistic analytics) to extract cognitive and social characteristics from Twitter tweet or open text.

You can search for a Twitter user and analyze them, compare them to other Twitter users, type or paste text to analyze. Then share the results on Twitter, Facebook or email.

This is how it works – you search for a Twitter user through the app, and analyze it with the 57 available personality traits. You can look at any Twitter profile you want and analyze it, including your own. Of course you can also share these results to the entire Twitter-sphere, Facebook, and email.

It’s a lot of fun and I’ve been using my test copy a lot…maybe even a little too much. Here are a couple of the results that I’ve gotten:

iOS Simulator Screen Shot Feb 19,  2015, 6.28.27 PMiOS Simulator Screen Shot Feb 19,  2015, 6.32.45 PM

 

You check out and download the app on the iTunes app store. If you would like to help promote the app, let me know and I can hook you up with a copy for the press.

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Join our mailing list, where you can learn about our other hard-working resident startups, learn how to get involved, and find opportunities to join the community!

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Big Ideas: How Karma CEO Steven van Wel is changing how we access the Internet http://www.juicetank.com/karma-ceo-steven-vanwel-changing-internet-access/ http://www.juicetank.com/karma-ceo-steven-vanwel-changing-internet-access/#comments Tue, 24 Feb 2015 19:18:32 +0000 http://www.juicetank.com/?p=4587 Big Ideas: How Karma CEO Steven van Wel is changing how we access the Internet

Who would’ve known that a little device could change the way we use the Internet… When thinking about the future of wireless, we’re sure you hate the thought of paying higher data costs with your ISP. Luckily, some innovate startups are here to rescue you from this with their own affordable and revolutionary way for you to [...]

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Big Ideas: How Karma CEO Steven van Wel is changing how we access the Internet

Who would’ve known that a little device could change the way we use the Internet…

KarmaGo_device_1

When thinking about the future of wireless, we’re sure you hate the thought of paying higher data costs with your ISP. Luckily, some innovate startups are here to rescue you from this with their own affordable and revolutionary way for you to access the Internet.

We’ll be featuring one such company at JuiceTank on March 17 called Karma.

During this presentation, Karma CEO Steven van Wel will be taking us through what the future of wireless Internet will look like.

Some of the topics that we be discussed during this meetup

- Steven’s story of how Karma began

- How Karma was able to grow as quickly as it did – 80 cities in 12 months!

- How mobile data ownership will be changing : why and how startups are changing the way you consume data across devices

- How affordable broadband plans are changing the ISP game

- Internet access for all, and literally everywhere :how this is not only possible, but how soon it can happen.

REGISTER FOR THE EVENT ON OUR MEETUP GROUP

Schedule

6:45 – 7:15 : Drinks, food, and networking

7:15 – 7:30 : General announcements

7:30 – 8:15 : Keynote presentation – Steven van Wel

8:15 – 8:25 : Closing remarks

8:25 – ? : Continue networking!

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Big Data Engineering Lessons Learned From The Trenches http://www.juicetank.com/big-data-engineering-lessons/ http://www.juicetank.com/big-data-engineering-lessons/#comments Tue, 24 Feb 2015 19:06:38 +0000 http://www.juicetank.com/?p=4585 Big Data Engineering Lessons Learned From The Trenches

Volney Stefflre, Big Data Informationalist Leader at Knowledgent (one of the region’s top data and analytics consulting companies) will be discussing some of the lessons learned in working with companies implementing big data. He’ll be discussing specific case studies based off of his experience and give you actionable advice on how to manage big data. [...]

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Big Data Engineering Lessons Learned From The Trenches

Volney Stefflre, Big Data Informationalist Leader at Knowledgent (one of the region’s top data and analytics consulting companies) will be discussing some of the lessons learned in working with companies implementing big data.

He’ll be discussing specific case studies based off of his experience and give you actionable advice on how to manage big data.

Pizza and beverages will be provided.

You can register for the event here

Check out Volney’s experience on LinkedIn:

Volney has 25 years of experience with a wide range of management and delivery responsibilities in the financial and technology industries with focus on global technology delivery and operational transformation. Equally proficient as a manager, architect or hands-on contributor in current development paradigms.

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Lunch & Learn – Designing the Differentiated Customer Experience http://www.juicetank.com/designing-customer-experience/ http://www.juicetank.com/designing-customer-experience/#comments Mon, 23 Feb 2015 19:58:35 +0000 http://www.juicetank.com/?p=4582 Lunch & Learn – Designing the Differentiated Customer Experience

This lunch and learn, lead by Craig Sowell (CMO of Datapipe) will be about creating a customer experience that can engage no matter which vertical you are working with. Craig has 15 years of previous experience working at IBM, and will go through their process of engaging with customers. In his current role as CMO [...]

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Lunch & Learn – Designing the Differentiated Customer Experience

This lunch and learn, lead by Craig Sowell (CMO of Datapipe) will be about creating a customer experience that can engage no matter which vertical you are working with.

Craig has 15 years of previous experience working at IBM, and will go through their process of engaging with customers. In his current role as CMO of Datapipe, he’ll go through the actionable processes that he uses to make customers feel engaged rather than just a number.

Customer Journey Mapping

Craig will be going over this technique, with is a way to document, design, and execute on a unique and differentiated customer experience based on the needs, wants, and emotions of clients.

Schedule

Coworking / Networking – All Day!

Lunch & Learn – 12:30 – 1:30

Office Hours – 11:00 – 4:30

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Google Connect Event http://www.juicetank.com/google-connect-event/ http://www.juicetank.com/google-connect-event/#comments Mon, 23 Feb 2015 19:51:33 +0000 http://www.juicetank.com/?p=4580 Google Connect Event

Google will be hosting a livestreaming event and we will be hosting a viewing party at JuiceTank. In addition, we’ve enlisted the help of Bruce Mishkin (President of Pinpoint Marketing & Design) to answer questions. Prior to becoming a search engine marketing specialist, he was a marketing executive with ABC and the Walt Disney Company. [...]

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Google Connect Event

Google will be hosting a livestreaming event and we will be hosting a viewing party at JuiceTank. In addition, we’ve enlisted the help of Bruce Mishkin (President of Pinpoint Marketing & Design) to answer questions. Prior to becoming a search engine marketing specialist, he was a marketing executive with ABC and the Walt Disney Company.

Your speakers during the livestream

  1. Todd Rowe, Managing Direct – Global Channel Sales
  2. Fred Vallaeys, AdWords Evangelist

The following topics will be covered during the Google Connect Event

  • Leveraging technology to thrive
  • Advertising your business online

The schedule for our Google Connect viewing party

11:30 AM – Networking
12:00 PM – Broadcast begins
12:45 PM – Q+A
1:15 PM – Networking + Hang out!

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All Things Marketing – Sales Automation Engineering Workshop http://www.juicetank.com/sales-automation-workshop/ http://www.juicetank.com/sales-automation-workshop/#comments Tue, 20 Jan 2015 17:33:26 +0000 http://www.juicetank.com/?p=4520 All Things Marketing – Sales Automation Engineering Workshop

Imagine if you didn’t have to call a lead on the phone to follow up with them…enter sales automation During this workshop, Dan Russell (a performance marketer and strategist for Synduit) will be going over the suite of automation tools (many which are free) that you can use to collect stronger, more qualified leads (even [...]

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All Things Marketing – Sales Automation Engineering Workshop

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Imagine if you didn’t have to call a lead on the phone to follow up with them…enter sales automation

During this workshop, Dan Russell (a performance marketer and strategist for Synduit) will be going over the suite of automation tools (many which are free) that you can use to collect stronger, more qualified leads (even while you are sleeping). The primary goal of this workshop is to identify the standard operating procedures of you sales funnel, get through the technical aspects of automation, and set up a sample sales automation cycle that you can use to build your business.

At this workshop, the key is that everything you learn is actionable

Through Dan Russell’s crash course, you’ll know exactly how to build your pipeline through sales automation. Nothing is just conceptual, it’s all deliverable. So make sure you join us for our workshop on January 29th - it’ll be a new leaf for your sales career.

A little more about your instructor, Dan Russell

Dan Russell is an performance marketer and strategist for independent startups and Synduit, a marketing technology startup focused on small businesses. His work focuses on growing companies through structured marketing plans and implementation timelines. His clients range from international speakers to technology startups based in New York and Silicon Valley.Dan holds occasional workshops in NYC. To learn more, visit www.danjrussell.com.

 

Agenda:

6:30 – Networking + pizza!
7:00 – Organizer Announcements
7:15 – Dan Russel - Sales Automation Engeineering
8:15 – Q&A
8:30 – Requests from the group
8:45 – Head to Freddy’s for drinks - 149 Pierce Street, Somerset, NJ 08873

Cost: $5 to cover the cost of pizza

Date and venue: January 29th at JuiceTank. Workshop starts at 6:30pm

For more information and to register, join our All Things Marketing group.

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The JuiceTank Eight – New Jersey’s Hot Startups of 2014 http://www.juicetank.com/hot-new-jersey-startups/ http://www.juicetank.com/hot-new-jersey-startups/#comments Thu, 11 Dec 2014 18:19:29 +0000 http://www.juicetank.com/?p=4448 The JuiceTank Eight – New Jersey’s Hot Startups of 2014

The New Jersey startup scene has seen its share of highlights and growing pains, but I would like to steer away from the bird’s eye view for the time being. Often when we assess the ecosystem, there aren’t many individual companies that make the conversion. I’m not sure why, considering you can’t develop a great [...]

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The JuiceTank Eight – New Jersey’s Hot Startups of 2014

Slide5

The New Jersey startup scene has seen its share of highlights and growing pains, but I would like to steer away from the bird’s eye view for the time being. Often when we assess the ecosystem, there aren’t many individual companies that make the conversion. I’m not sure why, considering you can’t develop a great ecosystem without actual businesses.

So when I comprised this list, I sought to include businesses that were growing fast, generating high revenues, and were all growing right here in the state. The rule of thumb for this list was that the company would have be beyond the traction stage – some of these startups have already successfully gone through multiple funding rounds, and others have completely reached profitability. Others have grown quickly enough that they are expanding their teams tenfold, and offering many jobs.

Let me know if there are any startups you’d like to see in the future list – write your suggestions down in the comments, and stay tuned for the startups to watch for in 2015.

 

Futurestay

Futurestay is disrupting the $100B vacation rental industry with their SaaS system that let’s the vacation managers take the traffic back to their sites rather than have it on a portal like HomeAway. Currently part of the JuiceTank community, like any startup that is gaining some serious traction, they are looking for developers right now – so if you know your way around the LAMP stack, just let us know.

 

SpeechTrans

Founded by Rutgers graduate John Frei, SpeechTrans has created a product that enables users to have a complete conversation with anyone in the world speaking any language. SpeechTrans smartly incorporates the speech-2-speech (S2S) translation software to provide users with automatic speech recognition, language translation, and text-to-speech. Just imagine being able to have a complete conversion with anyone in the world. The potential applications are closer than ever to being realized, as they were able to raise some serious money during their crowdfunding campaign to the tune of $585K.

 

FUSAR Technologies

I covered the achievements of this team of motorcycle enthusiasts and engineers back in my 2014 recap of the New Jersey startup ecosystem. Having graduated from TechLaunch’s LaunchPad3 accelerator, they were able to receive their first $500K in capital a mere 3 months after their Demo Day presentation. The technology they are creating is called the Guardian smart helmet, which has a front and rear cameras, and a built in computer allowing riders to communicate with it.

 

Recombine

Armed with a very impressive board of advisors, Recombine has built a platform called CarrierMap, which provides very affordable genetic tests that being provided to thousands of patients around the globe. They’ve been able to grow quickly using their broad network of physicians. With their comprehensive clinical genetic testing expanding, their goal of improving world health outcomes should come to fruition.

 

Vidyo

So what’s really powering your Google Hangouts video conferencing? Turns out it’s Vidyo who has built their robust video conferencing platform that the big names use for their systems. Having raised their Series E round in July, these guys are well on their way, bringing the total amount of funding to $139M.

 

Wattvision

Having enter the connected home market before it was cool, Wattvision makes it easy for the customers to save money on their energy bills by giving live feedback of energy use. All you do is attach a sensor on your electricity meter and it communicates the data to your phone. They recently won the startup pitch competition at Tigerlabs, which had quite the panel – it is now proven that Senator Corey Booker is a fan of the company.

 

Liquid Light

Liquid Light, which just emerged from stealth-mode six months ago, has taken in $23.4 million in funding since their founding in 2009. With this fresh capital, they plan to take their technology that converts carbon dioxide into chemicals plastic soda bottles and other products to scale.

 

Yashi

This Series B funded company located in Toms River is an online video advertising network, serving over 300 million ads monthly to many high caliber publishers. They’ve recently been in the news since they were added to Deloitte’s 2014 Technology Fast 500. I’m sure that this can be attributed to the 970% growth in revenue that they experienced this year…

 

startup-digest-300Want to learn more about what goes on in the NJ Startup ecosystem? Sign up for the Digest!

Issues come out every week, with news and stories curated by Charlie Patel and Mason Carter. Here is the signup page - it’s as simple as a click and an email. If you also have any tips on stories or would like to highlight your startup’s milestone, let us know and we will evaluate it for the Digest.

Also, if you have any other great New Jersey startup stories to share, please let us know in the comments. I would love to hear from you. You can also tweet at me @masoncarter88.

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