Beyond the Pitch
Demo Day 2015 – Where Are They Now?
It’s been a whirlwind few months for the young companies that took the stage at Rev1’s inaugural Demo Day 2015 Reveal.
Back in October, 14 passionate entrepreneurs from 11 Rev1 portfolio companies and their customers presented to an audience of more than 600 interested investors, corporate executives and business people, and community leaders.
Getting Real After the Big Reveal
So what’s happened with them in the last 10 months? As we are gearing up for the 2016 Demo Day, here’s a snapshot of what’s happening with some of the class of Demo Day 2015.
3Bar Biologics Inc. is in farmers’ fields for the third growing season. With proven validation, 3Bar is doubling sales every year and increasing distribution from two states to six. 3Bar hired a full-time chief science officer. 3Bar has been invited to participate industry and technology events in Raleigh- Durham and at the Global Entrepreneur Summit at Stanford. 3Bar is progressing with its Phase 1 SBIR grant from USDA.
“For us, it’s about finding the right strategic partners for distribution and research and product development to broaden the products we are offering.” Bruce Caldwell, 3Bar CEO
MentorcliQ since last fall has grown revenue by 3X, its team by 2X, and raised $1MM in financing. The company signed up premier corporations like Wyndham Hotels (NYSE: WYN) and Valeant Pharmaceuticals (NYSE: VRX). MentorcliQ was named the 2015 winner for Excellence in Practice for Mentoring and Coaching from the largest Talent Development Organization in the world (ATD) its work with Cardinal Health (a MentorcliQ Fortune 50 customer).
“Lesson learned: Plan for the worst, but be ready for success.” Andy George, MentorcliQ founder and CMO
Nexosis already successfully serving customers including Wendy’s, Zipscene, and a major Pepsi distributor, was selected as one of 10 out of 600+ companies, to attend the inaugural Techstars Retail. Nexosis is now in week 3 of the intense 3-month Techstars Retail course.
Nexosis was also a Top 10 featured company in AI/machine learning in the as well as one of only three companies in AI/machine learning industry invited to present and hold the stage for a 45-minute Q&A in the Ask Me Anything session. The company has grown to 11 employees and raised more than $700,000. Nexosis is posting documented client results with value add results, for example, that produced future sales predictions with a 94.4 percent certainty and in another case study increased forecasting accuracy that boosted a customer’s revenue by $500,000.
“One of the most difficult things about being an entrepreneur is to decide whose advice to listen to. Our approach has been to listen, take in what everyone says, and then decide.” Ryan Sevey, Nexosis CEO
Savy (formerly TacBoard), was a very early concept stage idea at Demo Day presented by then-high school student, Disha Shidham. Since then, based on market feedback that even large retailers don’t have an effective real time way to optimize their prices, Disha pivoted her solution from a product targeting consumers to more of a business-to-business (B2B) solution. As part of her journey, Disha dug in and learned to code.
Savy now helps businesses determine more information about their online customers, including critical pricing information. Savy has been beta testing with smaller businesses, firms that use Shopify for e-commerce, and has about 80 stores using the Savy widget and app.
“What has surprised me is that I did not expect it would be this easy to get a beta application out there. So many people think that learning to code and develop something for yourself is a really large barrier to entry. It’s not as difficult as it seems.” Disha Shidham, Savy founder
Mark your calendar for 2016 Demo Day, September 20, 1:00 p.m. to 4:00 p.m. at location with networking afterwards.
Missed 2015 Demo Day? See videos here.
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