The Starve Ups
Hunger for Success Brings
These Entrepreneurs Together
by Bridget Lynch
Truth.
Sharing. Honesty. These are three words more commonly heard in marriage
vows than in the business world. But a group of Portland companies are
making them work, and work well, for them in the corporate arena where
words like Toughness, Secrecy and Advantage thrive.
Starve Ups
is a group of 17 companies dedicated to helping each other create and
sustain successful start-up businesses. Certainly the concept of an entrepreneurs’
group is not revolutionary by itself—there have likely been entrepreneurs’
groups ever since there were entrepreneurs. But Starve Ups adds some additional
wrinkles to the idea that make it unique and uniquely successful among
its predecessors. The group is small and exclusive by design and honesty
reigns supreme, even occasionally to the point of being a bit brutal,
because in the business world only the strongest survive.
The founding
members came together after attending various forums and meetings meant
to help entrepreneurs network and exchange ideas, says Mark Friess, CEO
and co-founder of wired.MD and founding member of Starve Ups. Though they
often left with pockets full of business cards, they were not able to
find a place to get practical, real-world help with their companies.
“We
went to a lot of events,” Friess says. “It seemed like most
of it was topics for more evolved businesses—companies that were
further along in the business cycle. We found that the talks that we were
having with people in the parking lot after the meetings were actually
more helpful.”
The founding
group of seven companies put together Starve Ups as a place to share challenges,
leads and to network without an alternative agenda, Freiss says. It’s
a place where people can describe their situation and what they want to
accomplish and the other members try to help, he said.
“We
wanted to help each other succeed and talk about our businesses honestly,”
Freiss says. “We wanted to share the details of our companies, and
the reality is that not everything is perfect and that is not always information
you want to share. We needed an outlet to talk about the things that are
a challenge and get the straight scoop from others in the same situation.”
Truth, sharing and honesty became the cornerstone of Starve Ups out of
necessity and the group’s exclusivity is a direct result. Today,
the group numbers 17 companies—including the founding seven, which
are all still in business.
“In
a group like OEF (Oregon Entrepreneurs Forum) it is so big that there
is no trust among its members,” says Vail Horton, chairman and CEO
of Keen Mobility. “In a group like that, people maybe share resources
but not the details of their own businesses.”
Friess and
Horton met a few years ago and exchanged business cards. Horton joined
Starve-Ups and their two companies have grown with their friendship.
“I
met Vail around the time he was ready to move into his first office,”
Friess says. “I knew there was space in our building so I told him
about it and Keen Mobility moved in. In fact right now we are sharing
our offices with (another company member) Rumblefish while they are renovating
because of a fire in their offices. They were in a tough position after
the fire and we had some space so it worked out. I think that kind of
cooperation and help sort of encompasses the spirit of Starve Ups.”
BrainstormNW - Oct 2004
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