Find out how ClusterFlunk won the trust and investment dollars of Dwolla founder Ben Milne, who said,
"They have that built-in midwest hustle and clarity of purpose you just don’t find very often."
Clusterflunk co-founders AJ Nelson and Joe Dallago are set to present their success story of raising angel investment from top Iowa startup entrepreneurs including Milne, Anthony Marlowe and Josh Cramer on Tuesday October 8th at 6:00pm at Vault Coworking in Downtown Cedar Rapids.
Nelson and Dallago are from rural Cedar Rapids, Prairie High School graduates and, until recently, attended the University of Iowa. They decided last year to quit school to go full time with their startup with the support of a $100,000 seed investment round. "We are working on Clusterflunkfull time and are excited about it," Nelson said. "It was cool to take our 'leap of faith,' and we're ready to keep building the company."
Six months after their initial launch, the company announced that Dwolla CEO Ben Milne, Anthony Marlowe of Iowa City Capital Partners, Hatchlings creator Brad Dwyer and Josh Cramer of Cramer Development were the investors behind the raise.
This session of Vault Startup School will focus on the backstory of Clusterflunk and how they started, to the details of building the company and gaining the attention and trust of some of Iowa's most prominent startup CEO's.
Early stage entrepreneurs and investors are encouraged to attend this event. Learn what other investors look for in young companies and connect with early-stage founders in the region.
Vault Resident Members and Vault 100 Investors can register for discounted rates, please email Kris Fassler at firstname.lastname@example.org for a promo code.
Do you know what it takes to build a startup so that investors want to buy into your vision?
Find out what these founders have that attracted some of the most successful startup entrepreneurs in Iowa to become Angel Investors in Clusterflunk.
If you haven't met Clusterflunk's co-founders before, they're the bold, red-pants-wearing duo that is making waves in the startup scene in Iowa. At 20 and 21 years old, Aj and Joe started Clusterflunk while attending the University of Iowa and discovered a problem with the way the students currently interact and learn outside of the classroom, prompting them to come up with their own solution. What they came up with is Clusterflunk, a student-to-student web-based platform that allows students to collaborate on coursework with other classmates, even if they've never met before. Discussions, uploaded class materials, study guides, and homework are all archived, turning cF into a searchable database for years of past materials.
Now just over a year old, Clusterflunk has attracted over 4000 users and is gaining momentum. Since the start of the fall 2013 semester, cF has added more than double the number of users than they had at the end of the spring 2013 semester.
Not only have they attracted these users, they've also attracted investment dollars to help fuel the fire and continue this momentum.
Many startups want to know what it takes to get funded, and many end up with no money and are still wondering. You can't just have a great idea and a grand vision of being the next Facebook, you have to be able to build something and show the world that your team can accomplish your vision. This session of Vault Startup School will focus on the road that these two founders took to be able to attract investors to help their vision continue on and become a reality.
Join us on October 8th at 6pm to hear more about their story and the steps they took to get to where they're at today. This session will consist of two parts; the first being where Aj and Joe have an opportunity to share their story, followed by a Q&A session where the audience can dig deeper into the process and get the gritty details of what its like to build a startup; and why these two were chosen for several awards this past year including a Silicon Prairie Award for Student Entrepreneur of the Year and Worldwide Top 10 Rookie Startup Founders of the Year.
Refund Policy: Given the limited size and the sell-out nature of these events, we won't be able to offer refunds less than 24 hours before the class.
When & Where
Vault Startup School
CLASSES FOR ENTREPRENEURS BY ENTREPRENEURS.
Working on a new idea? Learn from the people who’ve been there, done that, and successfully turned an idea into a business.