Thirty of the most promising new companies in Georgia had a coming-out party at last week’s 6th annual Startup Riot, a daylong pitchfest where there are cash prizes and everyone gets to make connections and impress potential investors.
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Started: Fall 2011
The story: “I was teaching second grade in Atlanta Public Schools as part of Teach for America. I absolutely loved teaching, but the grading and other planning necessary to be a great teacher was extremely time consuming. I thought there had to be a more efficient way to conduct the assessment cycle and wrote down the ideas behind what is now Excelegrade. Our product is developed and is available online now. We have begun to generate revenue and are currently raising a seed funding round.” (Lauren Miller)
Company: Ten Eight
The story: “My co-founders and I were discussing the frustrations our clients were having after property tours. They couldn’t really decipher one building from the next, or truly remember what they saw on tour. We determined there had to be a better way. We started working on a mobile app for our rating system in February 2012, and came out with our first version of Ten Eight in May of 2012. We released the tour book app plus rating system in February 2012, free for all commercial real estate brokers. We’ve raised a seed capital round of funding for further product development.” (Patrick Brasswell)
The story: “In October 2012, just before exiting my previous venture after we were acquired, I had lunch with a friend who’s a real estate guru, and the subject of ‘1099ers’ keeping up with receipts all year came up as ‘very painful.’ I realized none of the current receipt expense players were going after the 1099/self-employed space. We are about 80 percent to version 1 of the entire service, which means IOS/Android apps and full website services. We have no revenue yet, and no funds raised yet.” (Kevin Sandlin)