Posts Tagged ‘The Foundry’

The Status of Management Reports

May 26th, 2010

Throughout my time spent in organizations I’ve seen a lack of communication. Most workplace conflicts were because there was a disagreements about who should do what, when, and how. Since starting to organize a startup or two virtually I’ve found that despite my best intentions that dearth of communication plagues my own creations.

Last week, however, I was introduced to a simple tool that helps minimize the communication problem within the organization. A weekly management report. That’s it-no drum roll necessary. I’ve include some videos of some training that was delivered to The Foundry by Adam Slovik of RemedyMD. They’ve been broken down to palatable blips of time and don’t include the introductory portion. For me personally it works as a great way to organize my thoughts and stay focused on the right things during the week.

Management Report

Metrics Section

Progress Section Part 1

Progress Section Part 2

Plan Section

Problem Section

Priorities Section

How to use them during the week

Beginnings…

May 17th, 2010

The title brings to mind some sort of Hallmark card for a major life transition (graduation, marriage, etc.). So I hope that is the case for me as well. Early this morning The Foundry had its first of many Monday morning meetings. The meeting is comprised of a representative from each of the participating companies and is present to both ask and offer resources from the group.

Any time a new group meets it is always interesting to watch the group dynamics begin to form. I think many were expecting the director to take the lead but he refrained from doing so. Quite a few sat silent for most of the meeting while a handful of others spoke up sharing their needs. I don’t know if it was the morning factor or the uncertainty of expectations but the format definitely favors the aggressive.

Major themes included legal, website development, and people. The people issue was something that was continually brought up like an echo that kept bouncing of a canyon wall. So it was proposed that over the next few weeks if anyone came across people interested in working for a start-up they were to refer them to the Gangplank meeting on Wednesday night around 6pm to meet the different teams and find out what they needed. So if you’re interested come on down!

In a previous post I listed out the different teams that were a part of the Boom Startup program (which also started today-with the pairing of the teams with their mentors and expectation setting) so to be fair and to begin to be bias here is a list (names and sites may change in the future-I’ll try to keep it updated) of the different Foundry teams with a brief and probably inaccurate summary of what they’re all about. (hokie pokie everyone!) My apologies for anything or one left out.

  1. Meta Restaurant-Nutritionally balanced fast food
  2. ColdSpoon-Spoon used for cooling food and measuring temp.
  3. Early Stage Legal-Documentation creation for entrepreneurs
  4. EngineerInc-GIS Planning System
  5. Patriotic Reflections-Internet retailer of high quality flag displays
  6. Artesian Systems-Fashionable and easily maintainable water storage systems
  7. RedFlower-Authentic Auga Frescas
  8. Dash & Cooper-Custom suit experience at a non-traditional price
  9. iPadGame Controller-Universal controller
  10. A Priori-Specialty foods wholesaler (by the way he has some great deals on fancy chocolate)
  11. Novobi-IT consulting and creation services w/team in Vietnam
  12. CupAd-Putting the brand in their hand (fun tagline) Ads on coffee cups provide free to coffee shops
  13. Seam Machine-Machine that replaces a 3-man roof restoration team
  14. Salt Lake Mobile Detail-Mobile auto detailing
  15. Tshirts4Hire.com-Marketplace for social media marketing
  16. Btree Media- Media Design and Marketing Company
  17. Reminiscent Pictures-Creating digital memories
  18. Life Sciences- Commercializing life sciences innovations

Start up Follow up

May 12th, 2010
I’ve been meaning to sit down and write a bunch of blog posts regarding events and thoughts the past few days.
So I’ll start with a follow up on an earlier post about the new incubator program called Boom Startup. They announced the 10 teams that will spend the next few months working to launch companies and get ready for an Investor Day.
So here are the 10 lucky winners:
  1. 3 Point Data-Delivers data that decision makers need
  2. Bazari-Text messaging based ecommerce that will service rural India
  3. CaseRover.com-Making lawyers paperless
  4. Fashion Genome Project-Aggregate fashion trends, preferences, sizing info for individuals
  5. iActionable-Customizable virtual reward systems
  6. Khumbu-Virtual loyalty cards using cell phones
  7. Mashworx-Create your own web experience
  8. No Ink Publishing-DIY publishing for iPad content with the initial focus on the children’s books
  9. O-codes-Text messaging based codes that allow consumers to access online when they’re offline
  10. Voycit-Political, social networking platform

As a result of Boom Startup’s program parameters another program emerged to meet the needs of non-tech, student-lead teams with business ideas. It doesn’t provide money to participate but then again they don’t take any equity.

The Foundry is a peer-driven program that has assembled 16 teams (42 people) from several of the universities throughout the state of Utah. It is a true incubator that is focused firstly on growing the individual rather than growing the company. Kind of like a Dead Poet’s Society/Fight Club/Justice League/Bad News Bears thing.

The Foundry is part of the U-Spark initiative at the University of Utah to reinvent entrepreneurial education. It will be fun to follow these two program this summer.

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