Technology + Sports: It'S t'at Easy-Open Field Entrepreneurs Fund - Carnegie Mellon University

Saturday, June 1, 2013

Technology + Sports: It'S t'at Easy

Pittsburgh-based technology startup StatEasy received a $200,000 loan from the URA to help fund strategic expansion in product development, sales and marketing.

“The URA came highly recommended by Innovation Works and Blue Tree Allied Angels,” said CEO and company founder Mike Ressler.  “Working with John (Burke, a CIE senior business development specialist) was great.  It was a very simple process, and there are a lot of knowledgeable people on the review committee at the URA.  It makes me very confident in the future success of the program.”

The StatEasy platform allows coaches to collect stats live during the game and marry those time-stamped statistics to video footage afterwards.  Ressler came up with the idea while managing the woman’s volleyball team at Carnegie Mellon University.  He recognized the need to integrate statistics and video footage in a way that was more accessible and searchable, and created a product to fill that need.

Although originally targeted at coaches, StatEasy identified a larger market opportunity and is now focusing on parents and students who can use the program to create their own personal highlight reels at the end of a given season.  The company is currently used by 200 collegiate and high school teams, and is projected to create up to 11 new jobs in the City of Pittsburgh in the next three years.

Ressler said, “I would absolutely recommend the URA to fellow entrepreneurs.  It is a great choice for companies in various stages of their life cycle.  They make it easy to...Read more»