In the New Orleans entrepreneurial community there’s a conversation that comes up fairly regularly. It’s speculation about who’s going to be the first company in the new wave of startups to break out. To hit the big time. To be our version of Google, Facebook, or Twitter.
Two of the company names that surface near the top of everybody’s list are Federated Sample and 365 Connect.
Some famous ideas may have been launched from a single idea scribbled on a napkin – but for start-up companies looking for funding to take an idea off of the paper and into the world of real products, prototyping is an important step.
If you've ever been in business, or been employed by a company of more than three people, you'll know that one of the hallmarks of every organization is well, organization. The best laid plans of small companies and big corporations can easily get lost in the mess of daily duties and decisions. Being able to identify and execute your intentions clearly is a vital part of any successful business.
New Orleans is one of the country's most popular tourist destinations. There is no specific reason — there's no amusement park or beach — but like other great cities such as Paris and Manhattan, people come here to spend time just living like we do.
A few years ago, for most of us "start up" was a verb — it was something you did to a car. These days it's a noun. A startup is a new business, typically based on a new and untested idea.
One of the toughest things about a startup, the noun, is the verb — starting it up. The main obstacles are figuring out the best way to go about it, and how to pay for it. One place startups turn to start up is an angel investor. Having an angel investor is kind of like having a successful uncle who believes in you enough to give you some capital and guidance.
Human beings love doing things in groups. It starts off with fun birthday parties when we're kids, and goes all the way to desperate attempts to have fun at conferences — which is why so many of them come to New Orleans.
While folks are here at a conference, Teddy Nathan's company, Crescent City Connections, rounds them up and puts them to work volunteering for local non-profits.
The State Palace Theater, a piece of New Orleans history, may finally receive a long overdue facelift. Developer Gregor Fox recently announced the purchase of the Canal Street relic for $3.5 million.
The State Palace, built in 1926, was flooded during Hurricane Katrina and fully shut down in 2007. Plans to convert the theater into a museum and concert venue pre-Katrina never happened. Now, Fox says he hopes to complete a partial renovation of the 3,000-seat theater's exterior and adjoining retail space within two years.