Mark Montgomery joins Claritas

Echomusic co-founder Mark Montgomery has joined venture capital firm Claritas Capital as its first entrepreneur in residence. From the presser:
John Chadwick, Managing Director of Claritas Capital says, “We are honored to have Mark join the firm as an Entrepreneur in Residence; our existing digital media entrepreneurs and portfolio companies as well as many of the promising start-up ventures we are reviewing in the space will all benefit from Mark’s broad network of relationships and experience in digital media, from his own success and efforts as an entrepreneur, and from his proven ability to profit from disruption in a multi-billion dollar industry through technology and business model innovation. In addition to working with existing portfolio companies, Mark will be a valued voice in working with Claritas Capital principals in assessing the many digital media investment opportunities presented to the firm.”
Mar 4, 2010 10:41 AM

Ex-Passport exec preps home health venture

Scotte Hudsmith, a former executive at LBMC and Passport Health, is preparing to approach investors for his new Parental Health venture, which aims to install touchscreens to help seniors manage their health.
Feb 24, 2010 7:39 AM

One reason to be be optimistic

Jeff Cornwall says Belmont's student entrepreneurs aren't deterred by today's economy.
Now it is time to turn them loose. It is time for policy makers to give them the capital they need by cutting income taxes and the freedom they need by cutting regulations so they can help build a better future for all of us.
Feb 23, 2010 1:30 PM

The 2010 Entrepreneurs of the Year

Nine local execs were honored Friday by The City Paper and EO Nashville as this year's Entrepeneurs of the Year. As a group, their companies' revenues rose by a third last year and they plan to grow by 70 percent in 2010.
Feb 22, 2010 8:38 AM

Prime's about to roast some people

Commenting on the latest American Express OPEN survey of entrepreneurs — 38 percent of whom say their biggest concern is a double-dip recession — Jeff Cornwall says those counting on low rates and low inflation are in for a double shock.
Now I am beginning to hear bankers start to quietly warn their clients about a sharp increase in prime rates. I have heard estimates of between 3 to 8 basis point increases by the end of 2011.
Feb 18, 2010 7:06 AM

We're tiring of government solutions

Belmont's Jeff Cornwall says the fact that $15 billion earmarked for small-business financing hasn't been touched shows two things: Public money is not the answer and, more importantly, the market can digest a lot of problems on its own.
Feb 9, 2010 11:24 AM

Green service

After seeing first-hand the demand for an eco-friendly alternative to styrofoam in the foodservice sector, Hermitage resident Ashley Currie has launched iHospitality to market plates, bowls and other equipment made from sugarcane leftovers, starch and recycled paperboard.
Feb 5, 2010 7:44 AM

Entrepreneurs: beware partnerships

Starting a new business is difficult enough without having squabbles among the venture's partners. Jeff Cornwall cautions entrepreneurs to focus on the culture they want to achieve and take that into account with each new hire.
And if someone is not fitting in, do not wait to long to remove that person from your business.  The longer you wait to act, the worse the problem gets, and the more damage will be done to your team.
Feb 4, 2010 11:12 AM

Last chance to throw in your hat

The deadline to apply for the executive director role at Nashville Entrepreneur Center is this Friday. The NEC's executive director will be responsible for the strategic leadership and vision of the fledgling NEC, which is a joint project of the Nashville Area Chamber of Commerce and Nashville Technology Council. In January, the organization announced its 26-member board, chaired by Clayton McWhorter.
Feb 2, 2010 7:32 AM

Microenterprise money for Rutherford

From the folks at MTSU comes word of a new financing option for some Murfreesboro businesses.
The City of Murfreesboro, in partnership with MTSU’s Jennings A. Jones College of Business and the Tennessee Small Business Development Center (TSBDC), will announce the establishment of a microenterprise loan fund at 3 p.m. today, Jan. 28, at the Rutherford County Chamber of Commerce, 501 Memorial Blvd. With money from the U.S. Department of Housing and Urban Development’s Community Development Block Grant Program, the funds will provide approved applicants with allocations to expand, improve or create small businesses that might not be eligible for traditional commercial financing. The TSBDC’s role in the process will include working with borrowers initially to help them understand the loan process and to assist them with the implementation of the loans.
Jan 28, 2010 10:05 AM