Think Big pumps $144K in class of startups

on . Posted in Think Big Partners News

Think Big Partners will invest as much as $144,000 in the six companies that make up the first class for its business accelerator program, the Kansas City Business Journal reports.

Managing Partner Herb Sih said Think Big’s investments in the companies will range from $18,000 to $24,000 in exchange for a 6 percent to 8 percent equity stake.

Companies in the first accelerator class include three from the Kansas City area, and one each from Los Angeles and New York.

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Think Big announces first accelerator class, attracts L.A. and N.Y. startups

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Think Big Partners today announced the six startups accepted into the first class of its Think Big Accelerator, a 22-week program that starts Tuesday in the company's coworking space, bizperc.

Each startup receives investment, mentorship and business services, an offering Think Big Partners managing partner Herb Sih said is done through a "joint venture" of three entities. Think Big Ventures, a fundrecently launched by Sih and Think Big Partners senior partner Tyler Prochnow, provides each startup an $18,000-$24,000 investment in exchange for a 6-8 percent equity stake. Think Big Partners provides business services. Bizperc, a coworking space owned by Think Big Partners, provides office space.

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Think Big Ventures fund raises $3M, focuses on early-stage, tech startups

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A new venture capital fund that will invest in metro-area startups has raised $3 million toward a $35 million goal.

The Think Big Ventures I fund is a new effort from Kansas City-based Think Big Partners, an early-stage business incubator and tech-focused startup accelerator. The group launched the fund in late May, saying it would focus on investments in early-stage, tech-based Web services, applications and software.

An Aug. 16 filing with the Securities and Exchange Commission shows the fund received its first investment June 1.

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Chase and LivingSocial Award Kansas City Startup PlanetReuse with $250,000 Grant

on . Posted in bizperc

PlanetReuse, a member of the bizperc coworking space here in Kansas City, among 12 other startup businesses, was awarded a $250,000 grant from Chase and LivingSocial earlier today.

Twelve small businesses from across the nation received $250,000 grants through Mission: Small Business, a program designed to increase awareness of the important role small businesses play in local communities. The grant program is supported by the U.S. Chamber of Commerce.

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Thanks for Attending iKC!

on . Posted in Think Big Partners News

Thanks for joining us at iKC!
We hope you had a great time at iKC this year!  We enjoyed hosting the event and hope you walked away with new ideas, inspiration and ambition to help make KC America’s Most Entrepreneurial City.

Special blogs and announcements have been made on the Think Big blog as well as the iKC webpage to recap the event.  Check out an in-depth look at what happened on June 20th (and even check out some pictures!). 

Be sure to check out the iKC photos on our Facebook page (photography by Cadence Dawn Photography and Piscator Media). 

Did you miss out?
Miss out on iKC 2012?  That’s okay!  We have posted a majority of the iKC Powerpoints on authorSTREAM.  Check out the presentations here.  More will be uploaded soon!

A word from our presenting sponsor, Master Your Card Missouri
On behalf of Master Your Card–Missouri, thank you for attending the iKC conference. It was a real pleasure to meet so many of you, and to share ideas and experiences in technology and innovation.
As a local employer with its largest office in the world at the St. Louis technology center, MasterCard values the expertise, skill and ingenuity of the Heartland workforce. We want you, your businesses and your governments to better understand the power and value of electronic payment networks so that you can use it to your greatest benefit. MasterCard makes electronic payments safe, simple — and, like you — smart. It’s a powerful combination for our economic future.
Please visit our website and get in touch to learn how mastering your cards can give your more from your money.
Best wishes,
Master Your Card–Missouri
Thanks for attending iKC! 
-Think Big Partners and The Kansas City Chamber