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Lessons Learned: Hugh Molotsi

Startup Lessons Learned

When I left Intuit in 2015, I was VP of Innovation and led Intuit Labs, Intuit’s internal incubator. One of the highlights of my time at Intuit was being part of a skunkworks team in 1999 that developed Intuit’s first payment service, the QuickBooks Merchant Account Service.

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Wi-Fi Alliance Moves Up and Out

Austin Startup

Sometimes with the help of start-up incubators, like the University of Texas’ Austin Technology Incubator (ATI). Before this, it was housed, since inception in 1999, within the walls of ATI, where the Wi-Fi Alliance and ATI built a unique, collaborative relationship. That number is predicted to surpass 2 billion by 2015.

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The Entrepreneur’s Essentials #17: On failure and resilience

Austin Startup

At the beginning of Coremetrics in 1999, the market risk was whether or not companies would embrace the outsourced model (what we called ASP, or Application Service Providers, back then, and are now called SaaS, or Software as a Service, or “cloud” providers). We started Coremetrics in 1999 selling to dot-coms.

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Why Venture Capital No Longer Defines Innovation

ReadWriteStart

In 2005, The Wall Street Journal tried to estimate the “world’s cash hoard” and arrived at a figure of $46 trillion (PDF), based on global insurance, pension and mutual funds holdings alone. Levy should know, in 1999 he founded eHatchery, an Atlanta-based precursor to today’s accelerators. That was up 29% over 2000 in just five years.

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Why Venture Capital No Longer Defines Innovation

ReadWriteStart

In 2005, The Wall Street Journal tried to estimate the “world’s cash hoard” and arrived at a figure of $46 trillion (PDF), based on global insurance, pension and mutual funds holdings alone. Levy should know, in 1999 he founded eHatchery, an Atlanta-based precursor to today’s accelerators. That was up 29% over 2000 in just five years.

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It’s Morning in Venture Capital

Both Sides of the Table

This has led to the creation of incubators, accelerators and seed funds. LP contributions to VC firms shrunk from 2000 and by 2005-2008 had stabilized to around $30 billion per year. In 1998 it was 150 million, 1999 250 million and by 2000 it had crossed 350 million. There are 20x more consumers online.