Startup Funding

August 9, 2017

The Top Ten HR Technology Companies in Texas

HR Technology is changing the way HR operates in the modern world. Here are the top 10 Texas companies to keep your eye on. These companies include OneSource Virtual, YouEarnedIt, BountyJobs, Pingboard, Workify, Insperity, BullseyeEngagement, SafeGuard World International, BenefitMall and Clearview Staffing Software. Company Name Description Headquarters Location OneSource Virtual OneSource Virtual is a Workday Services Partner and global leader in deployment, consulting and BPaaS services exclusively for Workday. Irving , Texas  YouEarnedIt YouEarnedIt is the leading HR SaaS company that improves bottom-line performance metrics by enhancing the employee experience. Austin , Texas BountyJobs BountyJobs is the leading software technology for employer and recruitment agency collaboration. Austin , Texas  Pingboard Pingboard is a real-time, collaborative org chart that makes it easy to organize teams, plan for growth, and keep everyone informed. With Pingboard, your org chart is always within reach and up-to-date, replacing static org charts made with tools like Visio or PowerPoint. Austin , Texas  Workify Workify is the all-in-one people management platform that helps managers shape a culture that drives performance and improves business. Austin , Texas Insperity Insperity (formerly Administaff), a trusted advisor to America’s best businesses for more than 25 years, provides an array of human resources and business solutions designed to help improve business performance. Kingwood, Texas BullseyeEngagement BullseyeEngagement is a leading global management solutions company that optimizes the employee and operational performance of organizations. Using advanced cloud based technology; Bullseye provides trendsetting, non-form based systems for the measurement of employee and organizational performance. Houston, Texas SafeGuard World International SafeGuard World International provides smart global payroll and employment outsourcing solutions for managing an international workforce. Austin, Texas BenefitMall BenefitMall is the fastest growing provider of integrated payroll and employee benefit products and services. Through equity financing led by Austin Ventures, BenefitMall and CompuPay merged in 2012. Dallas, Texas Clearview Staffing Software Clearview Staffing Software develops business solutions designed exclusively for the healthcare staffing industry. Addison, Texas  

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Initial Coin Offering (ICO) – A New Way of Funding Your Startup

The Initial Coin Offering is a new method of funding for startups and growth companies. Instead of raising funding for a project, you can now raise money for a token or coin which gives the purchaser the future right to use your product. An ICO is the cryptocurrency version of crowdfunding. ICOs are not equity fund raises despite the similar of the name to IPO. ICOs follow the Kickstarter funding model in which backers support a project. Backers get to have a direct say in the project development. Blockchains use this level of interest to raise funding for the project. It usually runs for a week to one month and lets the user purchase a token in exchange for cryptocurrencies such as like Bitcoin (BTC) or Ether (ETH). There is a specific goal for the funding such that each token will have a set price that will not change during the ICO offering period. Some ICOs have a dynamic funding goal which means the more tokens that are sold the higher the token price will be. The ICO is not an equity raise and does not fall under the SEC securities law although the SEC and the IRS are currently reviewing ICOs for securities implications. They apply the Howey Test to determine if the ICO falls under the securities regulations.   The four tests are: It is an investment of money There is an expectation of profits from the investment The investment of money is in a common enterprise Any profit comes from the efforts of a promoter or third party The ICO creates a plan for the fundraise called a White Paper that states the project’s function and purpose and how much funding is needed to undertake the venture. It also states how much of the funds the developers of the project will take, what type of currency is accepted, and how long the ICO will run. During the ICO campaign, backers and supporters will buy some of the distributed tokens with either fiat (i.e. US dollars, etc) or virtual currency (i.e. Bitcoin, or Ether).  

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VC Profile: Seth Snyder of LiveOak Venture Partners

Headquarters: Austin, Texas Sectors: Enterprise Software, Social Media, Digital Media Description: LiveOak Venture Partners is an Austin-based, early-stage venture capital firm that partners with visionary entrepreneurs who use disruptive technologies and business models to challenge the status quo. While many of their investments begin at the seed stage, LiveOak is a full life-cycle investor focused on technology and technology-driven service companies primary based in Texas and the Southwest. For over a decade, the Founders of LiveOak have helped entrepreneurs create industry-leading companies. “LiveOak partners with visionary entrepreneurs who use disruptive technologies and business models to challenge the status quo.” Recent Investments: Ranzure Networks $13M / Series A (Lead) CS Disco $18.58M / Series C Data.world $14M / Series A NSS Labs $16M / Series C Website: liveoakvp.com Seth Snyder is in charge of the day to day marketing activities for LiveOak. He supports the General Partners in all branding efforts to ensure that LiveOak is every Texas entrepreneur’s first thought for early-stage financing.   Prior to LiveOak Seth studied finance and economics at the University of Texas at Austin. After graduation he moved to Houston to work in the oil & gas industry focusing on finance, accounting and economics before heading back to Austin to join the entrepreneurial ecosystem. He completed the venture internship at Capital Factory, and has a deep appreciation for entrepreneurship and new ventures. Seth sits on the University Unions Advisory Council as well as the Tejas Foundation board, a non-profit that provides guidance, mentoring and financial support to the Tejas Club at the University of Texas. Seth is a devout Longhorn that loves to ride bikes and play tennis.  

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