July 2018 Updates from Teamworthy Ventures

New Investment

We are proud to announce that Teamworthy Ventures led the RaiseMe Series B to continue to support CEO Preston Silverman and the entire talented team at RaiseMe in their mission to make college affordable for all students. RaiseMe also announced an important new offering: RaiseMe for Community College Transfers. With RaiseMe for Transfers, students at community colleges nationwide will now have the opportunity to earn micro-scholarships towards four-year colleges while pursuing their Associate’s degrees — just like millions of high school students already using RaiseMe. Join the RaiseMe team!

July 2018 Updates from Our Entrepreneurs

RaiseMe's Next Chapter - Community colleges have long been critical stepping-stone institutions for many students across America.  But community college students, many of whom fall under low socioeconomic status, are at a higher risk of dropping out or stopping out while in school. According to research from The College Board, though 80% of community college students intend to transfer to a four-year college, yet only 25% successfully transfer of the population successfully does, and just 17% eventually graduate within six years. With RaiseMe for Transfers, students at community colleges nationwide will now have the opportunity to concurrently earn micro-scholarships towards their four-year college of their choice while pursuing their Associate’s degrees — just like millions of high school students have already done before them. Join the RaiseMe team

Virtru Teams with Google to Bring End-to-End Encryption to Google Drive- Virtru, a trusted provider of data protection and data privacy solutions for more than 8,000 organizations, is extending its longstanding partnership with Google to offer customers end-to-end encryption for Google Drive. Virtru has been Google’s Recommended Application Partner for encryption since 2016, enabling thousands of customers to add layered protections to Gmail messages and attachments. By extending Virtru Data Protection to Google Drive, enterprise customers can fully migrate their most sensitive data to the cloud while meeting compliance and confidentiality requirements. The new offering is currently being previewed by large enterprises around the world and will be generally available in Q4 2018. Virtru Data Protection for Google Drive will allow customers to add data-centric encryption, dynamic access control and flexible key management to any file uploaded to Drive. Files are encrypted before upload and protections persist even after files have been shared with collaborators outside the customer organization. Join the Virtru team

SeatGeek Expands Global Reach By Hiring International General Manager - SeatGeek announced the hiring of James McClure as the  company’s first ever General Manager International. In this new role, James will lead and grow the  business across Europe, while based out of SeatGeek’s London office. He will be responsible for the  continued growth of SeatGeek Enterprise, as well as spearheading future international expansion  and development opportunities outside of the U.S. James will be joining the SeatGeek team after spending several years at Airbnb as the GM of  Northern Europe. In this role, James oversaw Airbnb’s market growth across the U.K., Ireland, the Netherlands and the Nordics. Prior to Airbnb, James spent eight years at Google in London, Sydney and Singapore; most recently running their APAC Emerging Markets business. With him comes incredible xperience in guiding sales, growing businesses, planning and allocating resources, and navigating local government policy, which will be incredibly valuable to SeatGeek’s goal to continue  to scale the European business and beyond. Join the SeatGeek team

Toast Secures $115 Million in Funding Round Led by T. Rowe Price - The Series D funding allows Toast to accelerate investments in research and development. Areas of continued focus include: Handheld technology to increase sales: Toast Go™, a fully integrated mobile point-of-sale device designed by Toast, transforms how restaurateurs run and staff their business. Odd Duck – a full service restaurant in Austin, Texas – increased revenue by over $500,000 and reduced server turnover as tips grew by $7,000 per server, annually, with Toast Go.  Back of house technology to increase speed of service: Eventide, an innovative seafood concept in Boston, introduced a continued service model powered by Toast. In the fine-casual eatery, guests enjoy a mobile ordering experience and receive text notifications from the Toast Kitchen Display System when their food is ready. Servers on the floor extend the service model and provide continuous tableside ordering with Toast Go.  Guest-facing technology to manage brand risk: Harvard Business School found that a one-star change in online restaurant ratings can have a dramatic impact on revenue. With new guest feedback applications under development at Toast, restaurants of all sizes will soon be able to proactively address service concerns and re-engage guests directly through their point of sale. Restaurant owners and operators can learn more about Toast and schedule a personalized demo hereJoin the Toast team

Galvanize acquires Hack Reactor, raises $32M - Denver-based computer coding training school Galvanize is to acquire competitor Hack Reactor in a deal that brings together two of the largest privately held coding boot camps, the two companies told Reuters. Galvanize serves students, corporate customers and co-working tenants in seven U.S. cities. Hack Reactor’s operations in San Francisco, where it is headquartered; New York; and Austin, Texas, will be consolidated in Galvanize’s campuses in those cities. “We believe we have the team and the assets to be the leader in technology boot camps for individual students and corporations,” Galvanize Chief Executive Al Rosabal told Reuters in an email interview. Additionally, Galvanize has secured a $32 million funding round led by Catalyst Investors, an equity firm based in New York. Join the Galvanize team

Interview with Eric Kinariwala, CEO of Capsule, a next-generation pharmacy that is here to make your life simpler and healthier - "At Capsule, the promise we make to our customers is “everybody needs some looking after sometimes” — that we’ll make your life easy and anticipate your needs. We work hard every day to translate that to how we operate internally and how the team looks after one another. It’s that alignment between how we internally operate the business and treat each other and externally with how we deliver on our promise to our customers that makes Capsule special. Insurance pricing for medication is opaque and complicated. Our “looking after” promise to our customers means that our team proactively lets them know what we know, what we don’t know (and anticipate they’ll want to know), and a timeline for next steps so they’re not left guessing when they’ll hear from us again. Similarly, when we’re launching a new product internally, our product managers provide the same kind of context to our team — what we built, how we’re going to measure success, and when we’re going to measure it. In this way, our team feels looked after by our product managers — like no stone has gone unturned — and is thereby able to internalize this level of confidence to drive trust and confidence in our relationships with our customers." Join the Capsule team

(PLAY VIDEO) Boxed Spirits Arrives at Your Doorstep in New York - Online wholesaler Boxed just launched Boxed Spirits in New York. CEO Chieh Huang joined Cheddar to discuss the company's expansion into the spirits business and being a player in the competitive e-commerce space. Join the Boxed team

Factual Case Study: Twin Peaks Wins at Game Time with Location Data - Twin Peaks, a chain of sports bars and restaurants, was looking to drive avid sports fans who enjoyed watching sports while eating and drinking to their restaurants. To increase foot traffic, Twin Peaks’ agency of record, The Infinite Agency partnered with Adobe Advertising Cloud for a highly-targeted campaign across mobile, tablet, and desktop, featuring pre-roll video creative. The campaign targeted sports enthusiasts aged 21-54 through contextual, behavioral, and geo-targeting strategies. Using Factual’s Geopulse Audience, they created a custom ‘Twin Peaks’ Restaurant Diners’ segment reaching users who had recently visited a Twin Peaks restaurant. They also leveraged Geopulse Proximity to geofence Twin Peaks’ locations to reach nearby users in real-time with dayparting to deliver relevant messaging (i.e. lunch vs dinner). Factual’s placements outperformed the overall CTA by 2x and overall campaign goal CTR by 3x, reporting a Factual placement CTR of 0.95%. Factual’s placements also earned a higher VCR of 70%, compared to the overall VCR of 67%. The CTR goal for this campaign was .23%, the overall CTR reported was 0.5%. Join the Factual team

Space53 Partners with AirMap to Bring UTM to the Netherlands - Local industries and governments in the East Netherlands are empowering commercial drone applications to benefit their communities and economy. Space53, a site for the safe development, testing, and research of unmanned systems, is partnering with AirMap to experiment and analyze different UTM (UAS traffic management) solutions. The partnership aims to support growing demand for commercial drone applications in the Netherlands. Space53 and AirMap are deploying a simple procedure for registering and monitoring drone flights in local Dutch airspace. Airspace controllers, local municipal officials, and managers of critical infrastructure will be able to manage UAS activities via the AirMap UTM Dashboard. Pilots can request automated flight authorization from airspace controllers, who manage these requests and monitor ongoing operations directly from the cloud-based dashboard. Join the AirMap team

Norwich University launches Income Share Agreement Program - Norwich University, the oldest private military college in the United States, today announced a new income share agreement initiative aimed at improving affordability, student retention, and degree completion. Beginning in fall 2018, Norwich undergraduate students will have the opportunity to opt into an innovative financing model in which they will pay reduced tuition in exchange for a set percentage of income after graduation over a set period of time. "Norwich University is committed to offering this new way to help pay for college in a way that aligns incentives and helps reduce financial barriers to degree completion," Norwich University Chief Financial Officer & Treasurer Lauren Wobby said. "The new Norwich ISA program has the potential to increase educational access and attainment for our students." To develop its ISA program, Norwich tapped Vemo Education, a Virginia-based education technology company that works with higher education institutions to design, implement, and maintain income share agreement initiatives. Last year, Vemo powered $23 million of ISAs at a cross-section of colleges and universities across the country, including Purdue University, Lackawanna College in Pennsylvania, and Clarkson University in New York. "In many cases, the college degree remains a prerequisite for social and economic mobility -- but rising costs and questions about affordability often lead students to underinvest in their higher education or not finish their degree program," said Tonio DeSorrento, Co-founder and CEO of Vemo Education. "Income share agreements can address this challenge, supporting college-going aspiration among the students who can benefit the most from higher education." Learn more about Income Share Agreements and Vemo Education

Read newly published journal articles on Academia.edu in Computer ScienceHealth SciencesComputational Biology, and more.  Join the Academia team

Job Opportunities in Our Network

Executive

Chief Financial Officer at Ibotta

Engineering

VP of Data Science at Boxed

Android Engineer at Ibotta

Software Engineer at Worksmith

Software Engineer (SG Open) at SeatGeek

Software Engineer at Imagen

Software Engineer at Quartzy

Senior Mobile Engineer at Academia.edu

Platform Engineer at Ibotta

Full Stack Software Engineer at Lively

Full Stack Developer at Renoviso

Software Engineer at Trim

Marketing

Director of Marketing Analytics at SeatGeek

Paid Search Specialist at Boxed

Senior Paid Marketing Manager at Toast

Growth Marketing Director, SEM at SeatGeek

Senior Manager at Renoviso

Growth Marketing Manager at Carta

Sales

Director of Sales Operations & Strategy at Capsule

Doctor Partnerships Manager at Capsule

National Partnerships Executive at MealPal

Account Manager at Worksmith

Director of Data Strategy and Licensing at Ibotta

Business Development Manager at Raise.me

National Partnerships Executive at MealPal

Director of Business Development, Enterprise at Factual

Sales Manager at Renoviso

Business Development Representative at Renoviso

Outside Sales Executive, Seattle at MealPal

Account Executive at BridgeAthletic

Product

Head of Product at MealPal

Director of Product Management, Shopper Experience at Ibotta

Product Manager at Capsule

Product Manager - Primary Ticketing at SeatGeek

Lead Product Manager at Trim

Senior Product Manager at Academia.edu

Senior Product Manager at Ibotta

Product Designer at Trim

Talent

Director of Talent Acquisition at Ibotta

Director of Talent Management at Ibotta

Teamworthy Career Opportunities

We are seeking new Summer and Full-time Associates to join our investment team at Teamworthy Ventures.

Why should I apply for a position as an Associate at Teamworthy Ventures?
The best reason is that you enjoy anticipating ways to help others flourish and thrive in their work. You should enjoy reading, writing, and speaking with others about their ideas, projects, opportunities, and challenges. You should be interested in pursuing personal and team excellence in the work described here.

We are grateful for your introductions to talented and trustworthy candidates. A complete position description and application instructions are available on our website.  

Stephen Schmalhofer