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    VentureCamp Gives New Meaning to “Go Big or Go Home” VentureCamp Gives New Meaning to “Go Big or Go Home”

    VentureCamp Gives New Meaning to “Go Big or Go Home”

VentureCamp Gives New Meaning to “Go Big or Go Home”

VentureCamp has everything an entrepreneur needs from an accelerator: top-notch mentorship a smart cohort a curriculum developed by leading investors Oh…and a mansion. Looks like something out of The Bachelor, right? That’s actually not too far off. Besides building companies and receiving world class mentorship, VentureCamp participants live together in the mansion. And, it’s all being captured on video. VentureCamp obviously isn’t your typical accelerator.   First, rather than accept teams that are already building products, VentureCamp only accepted individuals. And, they focused on women and minorities, groups that are typically left out of the venture capital game. After the first week, the participants were split up into teams, they chose a company, and had 7 weeks to build it out. The whole experience can be likened to Startup Weekend, but on a bigger, grander scale. Second, the whole thing is housed in Indianapolis’s Kessler Mansion, owned by one of the camp’s backers, Chad Folkening. The idea is to give the entrepreneurs an idea of what life could be like, in the event their companies go big. Finally, from morning to night, the whole thing is filmed. Camera crews hang out in all the meetings, strategy sessions, and dinners, capturing the formation of three new companies. The footage will be turned into a “docu-series,” shown first online, but the team hopes to eventually put it on TV. VentureCamp backer and senior advisor Patrick Mellody told USA Today that the film will promote other VentureCamps held around the world. Despite some of the glitz, VentureCamp entrepreneurs have been hard at work for the last 8 weeks. With mentors like Priceline’s Jeff Hoffmann,they receive outstanding feedback on their business models and pitch. And, speaking of pitch, what’s the one thing all […]

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    VentureCamp – A Successful ‘Human Experiment’ VentureCamp – A Successful ‘Human Experiment’

    VentureCamp – A Successful ‘Human Experiment’

VentureCamp – A Successful ‘Human Experiment’

The founders of VentureCamp were unsure what would happen when they stuck 12 tech entrepreneurs in an Indianapolis mansion to work together and form functioning digital startups in only two months. Camp CEO Giadha DeCarcer said she saw it as a “human experiment.” The results, she said, have been largely successful. Three companies launched during the eight-week boot camp, which began in June and was held at the opulently eclectic Kessler Mansion on the Northeastside. Some found the ordeal so stressful that they left only a few weeks into the camp. “Every day it was something new and surprising,” DeCarcer said. “Positive or not.” To wrap up the exhaustive experience, entrepreneurs put on their game faces Thursday and pitched their digital startups to about 10 local investors at the SpeakEasy, a Broad Ripple gathering place for tech professionals. While none of the teams clinched investments the day of the demo, senior adviser and spokesman Patrick Mellody said investors already have started reaching out to the startups. “Since day one their pitches have exponentially changed,” he said. “They’re really prepared to speak to investors now.” After an orientation week of workshops and advice from seasoned business leaders, the participants were thrown into a room and instructed to form their own groups. At that point, most were complete strangers. “It had to be an organic process,” DeCarcer said. “We found out some mornings people had been poached from other teams overnight, and now there were new teams.” The campers also were filmed from sunup to sundown. The footage is being touted to TV channels as a “docue-series,” Mellody said, but without the usual drama of reality television. In the end, four entrepreneurs decided to leave the camp. […]

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    Bitcoin Exchange Assets Seized Bitcoin Exchange Assets Seized

    Bitcoin Exchange Assets Seized

Bitcoin Exchange Assets Seized

Federal authorities executed a seizure warrant against a bank account associated with one of the leading bitcoin exchanges. The warrant was not based on bitcoins themselves being illegal. Rather, the entity was not registered as a money transmitter. The failure to so register was alleged to be a violation of 18 U.S.C. 1960. The entity, Mutum Sigillum LCC, is a subsidiary of Japan-based Mt. Gox, the world’s biggest Bitcoin exchange.  As we previously reported, FINCEN issued guidance in March of this year, articulating its views on the applicability of the existing regulations to virtual currency and decentralized virtual currency (such as bit coin). If you are acting as a money transmitter and are not licensed, or if you are not sure if you are a money transmitter, you should consult with counsel promptly. It is likely that more enforcements may be forthcoming. Don’t be next!

By |July 12th, 2013|Blog|0 Comments

FINRA Levies $9 Million Fine Against Financial Service Company Over Email Failures

The Financial Industry Regulatory Authority (FINRA) has levied a $7.5 million fine against LPL Financial LLC (LPL) for a series of email system failures which prevented LPL from accessing hundreds of millions of emails and reviewing tens of millions of other emails. On top of that. FINRA ordered LPL to establish a $1.5 million fund to compensate affected brokerage customers due to allegedly material misstatements it made to FINRA during the investigation that revealed the  email failures. FINRA alleged that “as LPL rapidly grew its business, the firm failed to devote sufficient resources to update its email systems, which became increasingly complex and unwieldy for LPL to manage and monitor effectively. The firm was well aware of its email systems failures and the overwhelming complexity of its systems.” As a result, LPL failed to produce all requested email to certain federal and state regulators, and FINRA, and also likely failed to produce all emails to certain private litigants and customers in arbitration proceedings, as required. According to Brad Bennett, EVP and Chief of Enforcement: “As LPL grew, it did not expand its compliance and technology infrastructure; and as a result, LPL failed in its responsibility to provide complete responses to regulatory and other requests for emails. This case sends a strong message to firms to make sure your business does not outgrow your compliance systems.” The number of regulatory enforcements continueto increase. It is important for all companies, and particulary those in regulated industries to do periodic compliance audits. If you have questions on social media or IT legal audits please contact us.     See post here: http://www.socialgameslaw.com/2013/05/finra-levies-9-million-fine-against-financial-service-company-over-email-failures.html

By |July 12th, 2013|Blog|0 Comments
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    James Gatto on the Legal Issues of Gamification (GSummit SF 2013) James Gatto on the Legal Issues of Gamification (GSummit SF 2013)

    James Gatto on the Legal Issues of Gamification (GSummit SF 2013)

James Gatto on the Legal Issues of Gamification (GSummit SF 2013)

Jim Gatto, founder and leader of Pillsbury’s Social Media & Games team, recently spoke at the Gsummit event in San Francisco. This event – the largest to date – brought together top experts in engaging design. In 2013 Gamification will continue its meteoric ascent, becoming a key executive strategy for the enterprise, human resources, loyalty and marketing. Over the next year in the gamification space, we’ll see many more acquistions, thousands of new certified gamifers, hundreds of new startups, and even more dramatic innovations across all industries. At the event, Jim covered some of the key legal issues relating to the use of Gamification. Gsummit interviewed Jim to capture some of these key topics. Check it out below:     See post here : http://www.socialgameslaw.com/2013/06/james-gatto-on-the-legal-issues-of-gamification-gsummit-sf-2013.html

By |July 12th, 2013|Blog|0 Comments
  • WTHR-NBCLogo
    Kessler Mansion Boot Camp Kessler Mansion Boot Camp

    Kessler Mansion Boot Camp

Kessler Mansion Boot Camp

The Kessler Mansion at 4923 Kessler Blvd. E. Drive has long been a curiosity, ever since the late builder Jerry Hostetler bought a simple ranch some 30 years ago, started adding on and never stopped. 13 WTHR Indianapolis   See original post here : http://www.wthr.com/video?autoStart=true&topVideoCatNo=default&clipId=9083094  

  • giadha
    VentureCamp Co-Founder and C.E.O. featured in Inspirational Woman Magazine VentureCamp Co-Founder and C.E.O. featured in Inspirational Woman Magazine

    VentureCamp Co-Founder and C.E.O. featured in Inspirational Woman Magazine

VentureCamp Co-Founder and C.E.O. featured in Inspirational Woman Magazine

Give us your “elevator speech” – a snapshot of who you are, what you do for a living, and how we should “know” you. Having moved to the US at the age of 16 from an area of the world relatively patriarchal (Italy), and speaking little to no English, I have spent the better part of the last 20 years doing everything possible to leverage the incredible opportunities I was lucky to gain access to when I came to this country. I am now a female entrepreneur looking to continue creating value by promoting entrepreneurship and supporting aspiring entrepreneurs, with a strong emphasis on female entrepreneurs. Please tell us more about your business, what do you do, why did you start it and what are you future plans? My most recent venture, VentureCamp, is a live and work incubator spurring innovation and creating new successful businesses in support of economic growth and entrepreneurial social responsibility. VentureCamp’s unique program encourages participation from aspiring entrepreneurs in traditionally under-served population groups such as women, students, and veterans. VentureCamp also introduces a unique spin to its proposition –an Interactive Docu-Series enabling the public to watch, learn, support, and participate in what I feel is one of today’s most challenging and rewarding journeys to success – Entrepreneurship. The opportunity was presented to me approximately one year ago, and I immediately saw that it would not only allow me to continue working with other female entrepreneurs to launch unique and innovative companies globally, but also help me grow personally by partnering with incredible individuals such as Jeff Hoffman (co-founder of Priceline.com), Karl Mehta (founder of Playspan), and Mike DeLazzer (co-founder of Red-Box) amongst others. The idea is to challenge the traditional […]

  • TechPoint
    TechPoint Blog Post TechPoint Blog Post

    TechPoint Blog Post

TechPoint Blog Post

Wired-up computers, makeshift conference rooms and a fabled 26,000-square-foot northside Indianapolis mansion aren’t a part of the typical “camp” experience.  But this summer, these pieces (along with an enthusiastic group of twelve entrepreneurs) help make up VentureCamp, a new docu-series about the (sometimes difficult) realities of entrepreneurial life. More than 500 aspiring entrepreneurs submitted applications from across the country to participate in VentureCamp 1.0.  Only 12 emerged from those 500+ and they came to the Kessler Mansion in Indianapolis armed with business ideas.  Of those 12 ideas, three made the cut. Within in eight weeks, Campers divided into three teams (based on the three start-up ideas which rose to the top) will have created companies.   Each week, Campers work as companies, being presented with challenges which test their ability to work as teams.  Resources and capital are limited throughout the process, mimicking the scarcity typical of a start-up environment.  At the end of it all, teams pitch to investors at a series of Demo Days in order to get funded post-VentureCamp. The entrepreneurs currently collaborating in the Kessler mansion have human resources at their disposal as well.  The Campers are offered advice from nine mentors, all of whom boast extensive entrepreneurial experience.  Jenny Vance (of VentureCamp company PlanSoon) says, “Having people who have been there, done that and can kind of help you kind of steer around the pitfalls before you fall face-first into them” is one of many benefits of being a Camper at VentureCamp. VentureCamp got its start in Indianapolis, but it’s not stopping here.  Camps are already lined up at other estates in the United States and Europe. – See full post at: http://blog.techpoint.org/blog/indiana-technology-news-2/venturecamp-docu-series-is-a-blend-of-business-development-and-reality-tv  

By |July 10th, 2013|Blog|0 Comments

IWLA Executive Director Shares VentureCamp Experience

Is it just Me, or do you, too remember the days when everyone was getting ready to go to camp… Except for weekend trips with the Girl Scouts, I never went to camp; I never wanted too.  In fact, I really didn’t love the weekend trips away from home much either; I knew I’d be missing something happening on the home front and have  to settle for the stories when I returned. I remember my best friends getting ready to go to summer camp: the trunks came down from the attic, got packed, and the big “mean truck” would come to pick them up.  I was sorry to know they would be gone for most of the summer but never really thought I was missing anything.  We all cried the day they departed. Well, guess what? I just got back from camp:  VENTURE CAMP, and WOW, did I love it…here’s why… I was in a beautiful, private estate with a professional chef (best sliders ever, Chefski!), amazing men and women from points far and wide, and, despite the fact that everyone was there for “serious camping”, I had fun. I came to know aboutVENTURE CAMP when The International Women’s Leadership Association (TheIWLA) member, Giadha DeCarcer, introduced me to the concept and the plan that is now an amazing incubator for aspiring and expanding Entrepreneurs. Giadha is the CEO of this amazing transformational opportunity that places a dozen, or so, Entrepreneurs in this amazing setting so each can pitch his/her idea for a new business.  Quickly, competition turns into cooperation and teams are formed to advance the potential launch of the ideas THEY feel are most viable. Former competitors now become team members and, hopefully, business partners as the 8-week VC experience advances.  I love […]

By |June 28th, 2013|Blog|0 Comments
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    VentureCamp Featured in Indianapolis Star and USA TODAY VentureCamp Featured in Indianapolis Star and USA TODAY

    VentureCamp Featured in Indianapolis Star and USA TODAY

VentureCamp Featured in Indianapolis Star and USA TODAY

An unusual blend of summer camp and business seminar has a nerdy feel for 12 entrepreneurs. INDIANAPOLIS — A first-of-its-kind boot camp for aspiring tech entrepreneurs, being held at one of Indianapolis’ oddest mansions, finds the campers milling by the swimming pool among life-sized, concrete statues. The talk is of digital start-ups and the name-dropping is thick. In their first week of camp, participants heard from Jeff Hoffman, founder of online travel booking website Priceline.com. This day’s poolside gathering includes the likes of Ekaterina Walter, author of the best-selling book “Think Like Zuck,” about Facebook founder Mark Zuckerberg. The mansion setting on the Northeastside of the city is meant to give the class of entrepreneurial students a taste of the life that could be theirs if they just had a bit more start-up savvy. Which is what they are in the midst of learning at “VentureCamp 1.0,” as mansion owner and camp co-organizer Chad Folkening calls his latest business proposition. Folkening, who’s in his early 40s, makes the rounds poolside, sunglasses perched atop his head, chatting with the 12 entrepreneurs picked for the all-expenses-paid camp. “It might fail, it might succeed,” said Folkening, shrugging when asked how the camp is going. A Westfield, Ind., native and Internet domain name and real estate investor who now lives mostly in Florida, Folkening has spent more than $100,000 to put on this unusual blend of summer camp and business seminar with a distinctly nerdy feel. A diverse group of campers was picked from around the country from more than 500 who filled out online applications. Folkening, who’s in his early 40s, makes the rounds poolside, sunglasses perched atop his head, chatting with the 12 entrepreneurs picked for the […]