Carnegie Mellon University

Wednesday, December 13, 2017

LegalSifter

LegalSifter Combines AI and Legal Advice in Contract Negotiation Solution

LegalSifter, founded by CMU alumni, has partnered with TLT LLC  to launch a "combined intelligence" solution for contract negotiation for in-house legal, procurement and operations teams in the UK and Ireland. 

A recipient of the CMU Swartz Center's Open Field Entrepreneurs Fund (OFEF), LegalSifter uses machine learning to understand legal documents by helping to summarize, sort and search legal information quickly and efficiently.

Read LegalSifter

Tuesday, December 12, 2017

Pittsburgh Skyline

Pittsburgh Chosen As Temporary Home for GeekWire

GeekWire is bringing their unique brand of tech, science and innovation news to the Steel City, where they will be covering the innovation economy with daily news stories, video features and in-depth profiles. GeekWire chose Pittsburgh to be its temporary home for the entire month of February.

Read GeekWire.com

Tuesday, December 12, 2017

Rob Cochran

Alumnus Rob Cochran Shares His "Exhilarating Ride" as an Entrepreneur

There is no easy road in business, but the lessons Rob Cochran has learned over the past 30 years as president and CEO of  #1 Cochran, Western Pennsylvania’s top automotive dealership group, can help students map a route to success.

The CMU alumnus recently returned to his alma mater to share his personal journey, offer helpful advice and discuss new challenges facing the automotive sales industry. His talk was part of the Swartz Entrepreneurial Leadership Seriesorganized by the CMU Swartz Centerand was the kick off for the center’s annual Global Entrepreneurship Week.

Read Tepper School of Business

Thursday, December 7, 2017

Shanna Tellerman

3D Interior Design Company Modsy Raises $23M


Modsy, the 3D interior design company founded by CMU alumna and CMU Swartz Center advisory board member Shanna Tellerman, leads the charge to transform home design through the use of powerful 3D graphics and visualization technology.

The company has just raised a $23M Series B led by Advance Venture Partners (AVP), and included participation from NBCUniversal Cable Entertainment, Comcast Ventures and existing investors.

Read venture beat

Thursday, December 7, 2017

George White

CMU Qatar Joins QDB for New Business Competition


The Qatar Development Bank (QDB) has launched the sixth edition of its National Business Competition—Al Fikra— with the aim of supporting Qatari entrepreneurs.

This article quotes Professor George M. White, distinguished career professor of entrepreneurship at CMU-Q.

Read The Peninsula

Tuesday, December 5, 2017

Behaivior

CMU Teams Advance to Second Round of AI XPrize


Seven Pittsburgh companies have advanced to the second round of the $5M IBM Watson AI XPrize. Five of the companies, all of which have participated in CMU Swartz Center programs and are Project Olympus PROBES include:

Behaivior (Paula Levin), using wearables and machine learning algorithms to battle opioid addiction.
Choitek (John Choi), with a mission to teach everyone using advanced educational robotics technologies.
 CleanRobotics (Vaish Krishnamurthy) (referred to as TrashBot), creating robotic waste bins that automatically separate landfill waste and recyclables while collecting real-time data. 
Expii (Po-Shen Lo), a company with a free website focused on science and math, where teachers, tutors, students and others can add their teaching styles and voices to lessons hosted on the site.
 Marinus Analytics (Emily Kennedy, Cara Jones) aiming to combat human trafficking by providing law enforcement with artificial intelligence tools to turn big data into “actionable intelligence”.

Read BizJournals.com

Monday, December 4, 2017

Frank Demmler

Frank Demmler Thinks Splitting Equity Equally Sours Friendships in the Startup World

For more than 30 years, Frank Demmler has been advising entrepreneurs in Pittsburgh’s startup world and his work has led to the formation of over 500 companies, the creation of some 10K jobs and $1B in investment capital. A veteran professor of entrepreneurship at the Tepper School of Business, Frank preaches a better way to divide ownership of a company in his Founder’s Pie Calculator, which he committed to paper and had copyrighted.

In a recent article in the Pittsburgh Post-Gazette, Frank shares his belief that nothing sours friendships faster in the startup world than an equal split in equity. He says, "it almost never makes sense, and nothing will put your net worth in the toilet faster."

Read the Pittsburgh Post-Gazette

Monday, December 4, 2017

Reddit

Hipster Internet Favorite Reddit In the News

Questions about the social news aggregation site Reddit—co-founded by Alexis Ohaniangoing public have been swirling for years—but the move seems more definite than ever, after CEO Steve Huffman said it could happen by 2020. Now the questions is: What does the company need to do to get IPO-ready?

This article quotes Dave Mawhinney, CMU Swartz Center executive director and associate teaching professor of entrepreneurship.

Read NBC News

Friday, December 1, 2017

Swartz Fellows 2017-18

CMU Swartz Center Inducts 2017-18 Swartz Entrepreneurial Fellows Cohort

The CMU Swartz Center welcomed the 2017-18 cohort of Swartz Fellows at an induction ceremony and reception held at the Tepper School of Business on November 6, 2017. The new group represents various schools including: College of Fine Arts, Tepper, College of Engineering, Heinz and the School of Computer Science.

The 2017-18 Fellows are: Keri Chen (Tepper); Scott Dombkowski (Design); Jonathan Dyer (CIT); Shreya Gupta (ECE/CIT); Rishav Khemka (Tepper); Arun Ramasami (Tepper); Esme Rhine (Tepper);
Marc Rosenberg (Tepper); Anagh Singh (LTI/SCS); Tania Taloute (Heinz);
Grant Vandenbussche (Tepper) and Karthik Venkateshan (Tepper).

Find out more about the new cohort.

Read The Tepper school of business