• FIT Radio Raises Funding Goal in 4 Days

    U  Posted by Laura

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    In just a few days the FIT Radio team has blown past their initial fundraise goal to become 144% funded.

    The idea behind FIT Radio is simple. Fitness fanatics can energize their workouts with fresh mixes of music from all genres, hand-curated by the world’s top DJs, and brought straight to their mobile devices. The streaming music service is commercial free- just press play and go.


    Founders Russell Green and Daniel Lipton believe that when you’re working out, having the right music—the kind that gives you a boost of energy when you need it most—is key. The perfect song can make you faster, stronger, and more motivated.


    FIT Radio delivers exactly that—all the perfect songs for your workout with the push of a button. With FIT Radio, you just pick your favorite genre and go, letting nonstop, high-energy music fuel your workout. No need to worry about creating a playlist or getting distracted by a song that doesn’t pump you up.


    It’s clear that FIT Radio’s users are excited about the direction of the app. In only 4 days on Fundable, the FIT Radio team brought in 245 backers and reached 144% of their initial goal. Backers have especially loved the $60 pledge reward—a limited time offer for a lifetime, ad-free subscription to FIT Radio Premium.


    The continued success of this campaign will keep FIT Radio ad-free and and help the team develop new features and expand to additional platforms.


    Congratulations, FIT Radio!


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    vivian greene

    4/24/2013

    That's the wonder of crowd funding - better for everyone!

    Lexi Bellassai

    4/24/2013

    Love this app!!


  • Optimizing for Productivity

    U  Posted by Wil Schroter

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    z  Tags: productivity, startup, Culture, Fundable

    When people hear about all the fun activities we're doing at Fundable, they start to ask if we're yet another Internet company that's just screwing around. We do love to have fun, but the truth is we're also militant about our productivity. There's a reason we're doing all of those activities in any given week. We're not just enjoying our lives, we're optimizing for productivity.

    Sounds Like BS

    On the surface, it would. So let me explain our cultural philosophy behind productivity. It started with an experiment I did years ago after sitting on a beach (burnt out from work, not the sun) reading Tim Ferris' Four Hour Work Week.

    Tim suggested you could optimize your time to fit all of your productive hours into just four hours a week. It was a sensationalist title and basically improbable, but Tim was onto something. After reading it, I turned to my wife and said "I wonder how many productive hours I actually have in a week?"

    So when I got back I created a log of every 15 minutes of my time. As it turns out, I only have about 4 productive hours in my 12 hour day. I became fascinated not with the 4 hours of productivity, but the 8 hours of non-productivity.

    Productivity in Waves

    Like many people, we see our productivity peak and valley like a wave. It not linear - we don't just wake up in the morning with constant peak productivity throughout the day.

    Working through peak productivity is easy. It's the valleys that we're concerned about. If I could map out my productivity waves throughout the day it would look something like this:

    Productivity by Work Day

    And on top of that, I've noticed a similar crash throughout the week almost like clockwork.

    Productivity by Work Week

    It then builds up throughout the quarter, at which point I'm totally exhausted and need some serious downtime.

    Productivity by Quarter

    As the day, week, or quarter grinds on, and my valleys start to become more frequent, I'm not only less productive, I'm less happy. There's got to be a fix for this.

    What are we Optimizing For?

    Before we get into how to optimize the valleys, let's take a moment and talk about what we're optimizing for in the first place.

    At Fundable, our jobs typically require creativity, presentation (usually to clients), flow (like when we're coding or designing and it's just all flowing) and ultimately output.

    We're not a factory. We can't just work longer hours and expect the same output. We have a limited window when we're actually useful, which means the rest of that time is basically wasted.

    If we know for sure that we only have a certain amount of "turbo" with which to extract all of that creativity and flow, then it would stand to reason that when it runs out, we should make better use of that time so we don't waste opportunities to recharge effectively.

    Predicting the Valleys

    Right now when we hit our valleys, and we're sitting at our desks, we screw around. We update our Facebook status, we watch funny Youtube videos, and we surf the Web mindlessly. It's the Internet company equivalent of just screwing around.

    We're not screwing around because we're not productive. We're screwing around because we've hit a valley and our minds are telling us it's time for a break. So why not take one? Why not take lots of them?

    The key here is to plan for valleys throughout the day. You plan for one at lunch time every day, and it's generally accepted that you should take one. But what about the rest of the day? How do you optimize for those valleys?

    Creating Value from Valleys

    Instead of mindless wandering at our computers, how about just getting up and doing stuff we genuinely enjoy? Now at Fundable when we're burnt out after a few hours we get up and shoot some hockey. We play pool. We take a walk through the woods (our office is in the woods, so it's not a long journey).

    Instead of looking at stupid YouTube videos, we're looking at trees and wildlife. We're aligning our workdays with our Saturdays. We feel genuinely recharged and ultimately we're happier.

    Pacing for Life

    What we're doing in the short term is pacing our days. But longer term, in a matter of weeks and months we're deliberately taking time to avoid burnout.

    Years ago I ran a sprint triathlon (read: wimp triathlon). I found during training when I let my heart rate run to 170 bpm I would burn out quickly, while only increasing my lap time slightly. Yet when I ran or biked at a measured pace of 150 bpm I felt like I could run forever.

    What we're doing by scheduling breaks is optimizing for productivity. We want to be able to gain more peaks by recharging in the valleys. And we're not just thinking about the daily benefits - we're thinking about how it affects the rest of our lives.

    Wil Schroter @wilschroter is the co-founder and CEO of Fundable.com. Wil has founded 9 companies including Virtucon Ventures, Fundable.com, Blue Diesel, Unsubscribe.com, Affordit.com, GotCast.com, Startups.co, and Bizplan.com.

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  • Celebrity Webchefs Cooks up $435,000 in Funding - Reaching 174% of Goal

    U  Posted by Steve Gacka

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    Celebrity Webchefs is making cooking an interactive experience, creating video series that pair well-know celebrities with gourmet chefs preparing delicious and healthy meals. From cooking novices to experienced foodies- anyone can learn how to cook while getting tips from their favorite stars. Currently in filming, Celebrity Webchefs has released first-look videos featuring Gretchen Rossi and Alan Thicke, with several A-list celebs signed on to round out the series.

    Celebrity Webchefs was founded by a team with extensive experience in the food and technology industries. Co-founder and veteran entrepreneur Bill Baker has been a pioneer in emerging internet technologies, and an advocate for new media throughout his career. Bill joined with classically-trained chef and restaurateur Chris Breed (the force behind some of the most successful restaurants in Los Angeles). The pair merged their talents and expansive celebrity networks to create a platform to share flavorful and healthy recipes in an incredibly engaging way.

    Bill leveraged the Fundable platform to navigate the fundraise process with early stage angel investors. According to Bill, "It took a complicated process and broke it down to be user friendly, allowing me to present my deal in a compelling way that incentivized my prospective investors to act quickly. From my initial conversation to the close of my fundraise the team at Fundable did a phenomenal job supporting my efforts"

    Initially setting out to to raise $250,000, the team exceeded their goal to become 174% funded, bringing in $435,000 from investors. They’re looking forward to expanding their line up of instructional videos and adding additional niche culinary content to the platform.

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    Tony Da Fool Johnson

    4/19/2013

    Wonderful

    Kori Ward

    4/22/2013

    I am interested..