UC Berkeley is #1 in the world for creating venture-funded startups

This week it was announced by Pitchbook 2023 University Rankings that University of California, Berkeley is #1 in the world for creating venture-funded startups.

In PitchBook's overall rankings in 2023, Berkeley is the top public university for producing startup founders for the sixth straight year.

I’ve loved being an entrepreneurship mentor to university students at both these institutions - the European Innovation Academy, the world’s largest extreme accelerator, and UC Berkeley’s School of Engineering Sutardja Center for Entrepreneurship and Technology - and their entrepreneur programs!

Special shout out to Berkeley Method of Entrepreneurship program director Gigi Wang for bringing me to Cal as a mentor and a venture judge.

I’ve been consistently impressed with the problems UCB student entrepreneurs have chosen to address, and the fast work they achieve in these accelerated entrepreneurship environments. You can read about student ventures I worked with here and here and here and here.

Berkeley Method gets students thinking like entrepreneurs, click the image to read a 2018 article about it

Congrats to all!

Unmentionable wins! Actually, it was a tie: Judging the finals at another exciting venture bootcamp at UC Berkeley

“And the winner is...hard to describe in front of a bunch of people I just met.”

Had a fun morning meeting all the bright-eyed and bushy-tailed brilliant students, program coordinators like Justin Wong and Simran Kaur and Anika R. and other venture judges and Silicon Valley investors like Alexander Walterspeil (head trader at Indaba Capital Management), Brandon Drew (General Partner at SaaS Growth Ventures), and Bob Upham of Tess Ventures to hear the pitches for Gigi Wang’s Berkeley Method of Entrepreneurship Bootcamp Final Presentations.

I’ve been mentoring and judging Bootcamps at Sutardja Center for Entrepreneurship and Technology for about five years since I met Gigi at the European Innovation Academy in France. Every Bootcamp is different but they’re all a whirlwind of inspiration and learning, and a shot in the arm of what my fellow startup mentor Pamela Day calls “Vitamin S”, for Students.

This year in my track we heard four startup ideas developed during the week’s Bootcamp accelerated process. I was joined by two venture capitalists: Bill Reichert, Partner at Pegasus Tech Ventures; and Shuonan Chen, general partner at Innovation Overflow Venture Capital.

“We chose two pitches, it was a tie! ”

“One winning team, described as 50% ‘hipster’, proposed a second-hand furniture service for student communities.”

The tie was between a second-hand furniture service from a team that self-described as 50% hipster and delivered an all-bases covered pitch including customer validation and operating expenses on their financial projections; and a company that I found intriguing, but not easily mentionable during my one-day appearance at Bootcamp.

Most years when I can, I enjoy mentoring the teams during the week leading up to the final, giving me a chance to get to know the entrepreneurs and advise their team formation and development of their venture pitch.

I didn’t have that chance this year, otherwise I certainly would have had more time to construct how I might present Anvio as winners, live on the Zoom to all participants. Somehow I still did that within minutes of hearing of them (waiting for the video of the event to recall exactly what I said without using the term the team suggested: “sex toy”, this is FAR MORE than a toy). And now I’m struggling to describe it here, on the Internet where nothing ever dies.

I’m not sure I want to rank for these terms in perpetuity….

“I don’t want to rank for these terms yet I see the need for this intimate smart device and subscription service …there’s definitely something there with this sexual wellness training tool. ”

…there’s definitely something there with this sexual wellness training tool.

There’s something there in its not-often-enough-spoken-of problem, its ‘non-gendered’ solution, a knowledge and support community, a data-driven wellness option, an intriguing new smart device, a relationship aid, a subscription service for a monthly box of related products, and still there is so much left unsaid.

You’ll have to look for it in the slides above!

As Shuo Chen suggested during the judging, the Anvio team can always start with a MVP (minimum viable product) of a box subscription and discussion community as they continue to research and develop the intimate electronic device itself, and design and build the mobile app that supports it.

This particular problem space may be hard-to-talk-about (sort of, Teen Vogue famously covered it in 2017, and incited a backlash for erasing women — calling them “non-prostate owners”) yet the problem is a known source of trauma for millions of newcomer practitioners.

“Ok, ok. Enough prevarication.
You might call the Berkeley Bootcamp winner I championed...

’A SMART BUTT PLUG’.

Yep, went there! 😱”

Phew, I said it and I’m still alive. (Now to watch my website ranking skew over time…)

Let’s put it this way. This winning formula is…

Anvio = a not-often-spoken-about problem + a non-gendered solution + a knowledge/support community + a data-driven wellness option + an intriguing new smart device + a relationship aid + a mobile app supporting a subscription service for data + a box subscription service for related products.

Congrats again to all the hard-working BMOE teams for a great Final Presentations Day. I look forward to what you do next!

Ringing the bell at the New York Stock Exchange with a unicorn company!

I was walking down Wall Street last week. It was 90 degrees and muggy, a moment of after-lunch calm. As I passed the historic, columned stock exchange I over heard a New York Tour Guide talking to a group of tourists.

Pointing to the facade announcing Owlet Baby Care’s IPO, she said: A baby went public today.

“A baby went public today.”

— Wall Street Tour Guide

Not quite, but funny!! The connected nursery startup Owlet is 7 years old and now it’s a publicly listed newcomer on ‘the granddaddy of stock markets’.

I called out into the quiet street, ‘‘They make smart socks that measure blood oxygen and other vitals to alert you if your baby is in trouble.”

“Good to know,” a man in the tour group called back.

Seriously, this happened.

A spunky JLo could play me in the romantic comedy where a scene like this would be more likely to take place.

It is good to know.

Owlet says they’ve monitored the health of 1 million babies.

When Burc joined them in 2020, we discovered that unlike other startups both of us had worked with in San Francisco, Los Angeles, New York, and Istanbul, almost everyone we mentioned it to knew this Silicon Slopes Internet-of-Things (IOT) product. They had either used it with their own infants — some were on their third device — or had just gotten one for a coming birth, or had given one to a friend with a budding new family.

I waved and kept on walking. I was going to meet my husband and the president of Owlet around the corner before we were due to gather inside ‘the center of global financial markets’, the NYSE, for the closing bell ceremonies that mark the end of the day’s trading.

Photobombed by a Faberge urn

That urn over Burc’s shoulder — it was always in focus, he was blurry — was “produced by House of Faberge, gifted to the exchange by Czar Nicholas II of Russia in 1904 for listing a $1 billion bond issue”.

After passing stock exchange museum pieces at the entrance but not getting to look at them, like the original Thomas Edison stock ticker machines I noticed just at the elevator, we assembled in the classical revival Board Room that hosts world leaders, celebrities and business icons before heading down to the trading floor. There were cookies.

That big clock

is the original 1867 clock used to mark time behind the president on the original NYSE trading floor

There was a short program about becoming listed on the exchange, a ceremony with a commemorative coin presentation by a stock exchange executive who joined the team on the balcony downstairs, and a speech by the CEO Kurt.

Congrats to my husband Burc Sahinoglu & everyone at Owlet Baby Care for going public as a unicorn (translation: that’s “a company with a $1+ billion valuation”) and for ringing the closing bell at NYSE last week!

It was a stellar New York summer day, finished by a cruise around the island getting to know Owlet founders, executives, family, board members, and investors, enjoying the sunset breezes over enduring landmarks and stunning new developments.

I’ve said it before and I’ll say it again, I love New York!

Judging winning venture ideas at UC Berkeley: how about a toothpaste that fills in your cavities?

Called it! Congratulations to UJU for winning best of the Berkeley-based teams at BMOE Summer 2018.

And, an algorithm called it too?

Good time at Jason Calacanis's Founder University

Got a lot out of this mini accelerator experience from Jason Calacanis, the founder of Silicon Alley Reporter (a fellow dotcom industry pub to the one I was once an editor at!) among other things, like the LAUNCH startup conference, festival, podcast This Week In Startups and LAUNCH Incubator.

I was among the 60 founders chosen from 300 applicants, and I was representing Second Screen, Inc. where I've been COO since January (icymi!). Founder University is a three-day curriculum for founders who have launched their product but haven't raised Series A. 

SUBMIT YOUR FEATURE FILM: Second Screen is now seeking 50 founding filmmakers

Second Screen, where I am COO & Cofounder, is now accepting film submissions for consideration.

The first founding filmmaker is on board at Second Screen, and he's an award-winning ambassador for the 49 other feature makers this mobile streaming platform is now seeking, for equity! Do you know a filmmaker like Fernando Lebrija who is right for Second Screen? 

FILM DISTRIBUTION COMPANIES: become a Second Screen content partner

See more by visiting the Second Screen site.

Another life, another networked world!

This came in the mail today. It's from the major faculty of my liberal arts college, an event for my professor of Bronze Age Archaeology, Jim Wright. He was a great teacher, as I recall!

Also, it's a reminder of the solidity of liberal arts education. This classically-based education was meant to turn out a person who was "virtuous and ethical, knowledgeable in many fields and highly articulate." It doesn't matter what you do with it, you're equipped as a well-rounded individual.

Today's email and its particular Bronze Age lens on power and place is so far from where I am right this minute, and yet I am back in class in an instant, to when civilizations around the Aegean first established a far-ranging trade network and all together moved out of the Stone Age.

Then I'm back again, to today, back to looking at the future of stories for millennial audiences as a business, tech, and entertainment issue. That's a focus of mine right now and based here in California's own power centers of Los Angeles and San Francisco.

Hope all my Bryn Mawr archaeology peers have a fun symposium!