Monthly Archives: March 2013

IDEA Venture Moniker Guitars Launches Kickstarter

Admit it: even if you’re not an aspiring rock star, you’ve at times been jealous of the cool custom-made guitars your music idols rock out to. You may have dreamed about having one of your own, or even designed one in your head. Moniker Guitars, a Venture that has worked with IDEA, can make that dream a reality. While their custom designed guitars may not make the common man sound like Hendrix, Moniker provides a guitar that is quality in sound, feel and price, and is custom-designed for each user. Moniker has recently launched a Kickstarter campaign to fund their newest line of semi-hollow body guitars.

Inspired by the success of “design your own” sites like Republic Bike and Nike ID, Moniker co-founder Kevin Tully recognized the opportunity for guitars to be the next customizable product. “Like bikes and sneakers, guitars are one of those personal items that people like to show off, so I thought the idea of customization would be well received, especially by musicians who are creative people to begin with,” Tully says.

Moniker compares the process of buying a guitar to choosing a new car: you can find a model with one or two of the features you’re looking for, but you will not feel like you’re getting exactly what you want without special ordering. Tully says the hope of he hope is that their hope for 2013 is for their business model to fully allow guitar players to create an instrument that shows something about their musical and visual style. And because Moniker guitars start at an incredibly affordable price, these aren’t just for the multimillionaire rock stars.

Since being founded in 2011, Moniker has grown from a “maniacal obsession” to a successful business. For Tully, the most challenging aspect of developing Moniker has been establishing a high level of quality through the Internet. While sound may be easy to convey online, it is hard for a guitar player to get the feel for an instrument over the Internet. But if you have seen a Moniker guitar in action, that high level of quality is evident. “The most rewarding part of developing Moniker Guitars so far has been watching musicians play our guitars live and seeing people in the crowd respond to the music. It’s an awesome feeling to see that something you’ve made is being used to make other people happy,” Tully says.

Moniker Guitars has been working with IDEA for the past year and a half. As a Northeastern University alum, co-founder Dave Barry was able to connect his Venture with IDEA and use the mentors, coaches, and other services IDEA provides. Tully states that IDEA has helped Moniker not only with necessary funds to launch their website and production, but also for guidance and advice through challenges: “I can say with 100% confidence that we would not be where we are now without help from IDEA. Northeastern as a whole has influenced Moniker so much. We have two incredible co-op students working with us now and even our accountant in Austin is a Northeastern graduate!”

Moniker was recently featured on MSNBC’s program “Your Business,” which gave them widespread exposure and helped them reach a more broad audience. Moniker was also featured in this year’s SXSW conference in Austin, Texas. Take a look at their MSNBC segment here.

As a part of their Kickstarter campaign, Moniker is offering an Early Bird Special, as well as opportunities to take a guitar-making class or have a guitar named after you! The money they hope to raise will fund the equipment and tools needed to efficiently manufacture quality and affordably priced semi-hollow guitars.

IDEA is very proud to have been a part of Moniker’s success and is looking forward to watching this Venture continue to grow!

Succeeding in Business: Lessons from IDEA’s Own

IDEA’s Management Team is composed of Northeastern’s best and brightest students! While many of our members are on co-op at leading companies in their fields, we asked them to provide pieces of advice on how to best take advantage of a career opportunity!

“Every single person you meet every single day knows something you don’t. Always ask questions and never be content with what you already know because there’s always so much more to learn. Co-op is first and foremost a learning experience – so take out your earbuds, step out of your cubicle and talk to someone. If you don’t leave the office every day smarter than when you entered it, you’re doing co-op all wrong.”

– Audrey Shaughnessy works in The Boston Consulting Group’s financial department. Audrey has enjoyed BCG’s social impact partnerships and hopes to pursue a career in strategy consulting for social enterprises in the future, which has made her experience invaluable.

“Leadership begins at the entry level, not just at the top tier. In a multilevel management company, take command and execute your tasks well, and know that your director will listen to your thoughts on making clients successful. Producing high quality, client-ready material accelerates you to the top, allowing you to take advantage of your short time on co-op.”

– Kevin Walther works in the corporate responsibility practice group at APCO Worldwide. Kevin assists on communication and media strategies for various Fortune 500 companies.

“Always do what you enjoy most. Pursuing natural curiosities fosters an unparalleled eagerness. This drive is fueled by a happiness advantage that will accelerate you to inevitability meet and exceed your most ambitious goals. Also, keep in mind that remaining humble while standing up for learned intuition and promoting positive change takes practice but is crucial for achieving long-term success.”

– Matthew Saitta is currently on the Deal Team at Hercules Technology Growth Capital. While in Palo Alto, one of Matt’s most beneficial experiences while exposed to buy-side high finance has been strengthening his technical financial skills.

“First impressions are absolutely critical. Make sure that you hit the ground running from day one. (From minute one, really.) Ask questions and learn the ins and outs of the company and your clients. Finally, staying at the office a little later during your first week will establish that you are hardworking, responsible and most importantly, can be trusted to see tasks through to completion.”

– Libby Kober, currently co-oping at Full Picture PR in New York City, has learned to forge relationships with significant players within the fashion and entertainment sphere. She has had the opportunity to attend NYC’s Fashion Week and work on events for Victoria’s Secret and Revlon.

 

NEXPO 2013: A Great Night for the Boston Startup Community

On Wednesday, February 20, IDEA: Northeastern University’s Venture Accelerator hosted the sixth NEXPO, a showcase and celebration of some of Northeastern’s brightest entrepreneurs and Ventures. Over 500 students, investors and startup enthusiasts registered to attend the event, which was held in Northeastern’s Cabot Athletic Center. This is a big leap from the first NEXPO, which took place in the smaller Curry Student Center Ballroom and hosted around 100 guests and ten Ventures. This time around, IDEA is proud to have showcased 38 of its Ventures and welcomed guests from eight different universities, including some first-timers all the way from Providence. IDEA’s Ventures enthusiastically presented their businesses or services in ways that appropriately reflected the startups themselves, complete with music, promotions, and even a few furry hats and feather boas.

NEXPO also featured a display of live Tweets relating to the event, which was a fun and innovative way for guests to interact with Ventures as well as each other throughout the night and beyond. Thanks to Tweetwall, attendees were able to see the top tweets that were directed at the hashtag #NEXPO and IDEA’s Twitter handle, @IDEANEU. At such an innovative networking event, it was only fitting for guests and Ventures to expand their interactions into the social media world.

Chris Wolfel, CEO of IDEA, is excited to have seen NEXPO grow into such a successful event over the past three years. This was his final NEXPO as CEO before graduating in May.
“It is great to see how far we’ve come since NEXPO began, and I look forward to seeing how the event continues to excel in the future,” says Wolfel. “Our team worked very hard to make this happen and I couldn’t be happier with the turnout.”

IDEA as a whole is very pleased with the fifth NEXPO, and is looking forward to number six! Hope to see you there.