Six months ago, we held our first annual Startup 2009 conference, where 10 promising digital startups competed on stage for an investment from General Catalyst Partners and $50,000 in services from our sponsors.
The winner: Article One Partners, an innovative online business that uses crowd-sourcing to discover patent prior art.
What’s happened in the last six months?
Founder and CEO Cheryl Milone tells us that the company has doubled its team, hired a president with over 25 years experience in the patent space, completed a funding round with a private investor, and now has six “Fortune 100” companies in their client base. You can learn more in a video interview we published earlier today.
Save the date! Startup 2010 will be held on Wednesday, May 19.
Our nine other finalists have seen mostly great developments as well:
- Added Bob Lane, former CFO of IAG Nielsen, to its board
- Saw major new business wins in Q3 and Q4, which will catapult business to around $3 million in revenue for 2010
- Launching version2.5 of its AMIS™ Platform
- In active discussions with several companies interested in acquiring its technology and platform and integrating it into their infrastructure
- Has signed Forbes.com and DailyCandy.com as customers
- Now looking for a new funder and working to close the next 30 customers
- Closed a $1 million investment round and tripled team size
- Expanded iPhone app to include BlackBerry, Android, and Palm Pre
- Added support for 58 currencies, a Salesforce.com app, which was picked for the exclusive “Force 40,” and an Intuit Workplace app, which is recommended and second most-viewed
- Recently signed contracts with a top-five health system that has more than 500 facilities nationally
- Now finalising new contracts with three of the top five largest healthcare revenue cycle managers with hospital partners that include more than 100 facilities.
- Closed its $1 million first round of funding
- Named Bill Jennings, a former executive at A&E, as its new CEO
- Added to advisory board Jeff Cater, former SVP Bank of America and Founder of the centre for Future Banking at MIT, and Glen Urban, MIT David Austin Professor of Marketing
- Successfully completed two field trials, acquired four charter customers (three of which have a national footprint,) and enlisted the participation of two financial institutions to take part in its Q1 2010 field trial
- Was reduced to a “nights and weekends” project earlier in the fall so the founders could firm up product before making any further developments
- Team is now working to relaunch some revenue-generating figures that will help the site “stand on its own two feet;” they should be done by Q1
- Cofounders got new day jobs: CEO Charlie O’Donnell now working for First Round Capital and CTO Alex Lines working at Betaworks
- Was featured in the WSJ as one of “The Best Tools for Online Personal Finance”
- Publicly launching version 2.0 at the beginning of 2010; it will include new tools that can do the “quantitative heavy lifting” so investors can easily analyse and find ways to improve their portfolios. [Anyone interested in participating in the private beta release should feel free to contact the team at [email protected]]
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