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Buffalo has its first confirmed unicorn. Only this one isn't a horse with a horn on its head. It's a privately held startup company that has achieved a rare benchmark of being valued by investors at $1 billion or more. That's far more common in Silicon Valley, New York City, China and other business or technology hubs, where the herd of unicorns already includes many…

Business

Brad Feld's casual clothes and casual manner give him the look of a cool entrepreneur and venture capitalist. But he has the credentials to back up the image. The MIT graduate founded a firm in 1987 that he sold a few years later, putting him on a path to investing in startups. In 2006, Feld co-founded Techstars, which has built a presence around the world working with …

Business

SparkCharge has signed a lease for space on the East Side. HiOperator keeps adding employees. Kickfurther has made local connections, including with an M&T Bank executive. All three companies won prize money in last year's edition of the 43North business plan competition. As a newly minted class of winners prepares to move to Buffalo, some past prize winners c…

Business

Strayos founder Ravi Sahu didn't make the most dazzling presentation of the 10 finalists in 43North's competition on Wednesday. Sahu was low-key, methodical and humble, even, in explaining how he would turn his company into a Buffalo-based growth story by creating a sort of underground version of Google Maps. It turns out, he didn't have to be flashy. The five judges…

Business

Strayos, a company that provides below-the-surface information for mining and construction companies, claimed the $1 million grand prize in Wednesday's 43North business plan competition. Strayos will move its headquarters to Buffalo from St. Louis, Mo. The business was likened to Google Maps for below the surface – using technology and imagery to create safer work si…

Business

They talked up what made their companies exceptional, they forecast job growth and they predicted Buffalo would be an ideal fit. But only 10 of the 15 finalists who made pitches in the 43North business plan competition advanced past Tuesday's qualifying round, to compete in the main event on Wednesday. Judges reduced the field after listening to a day's worth of pitc…

Business

Fifteen companies are in the hunt for $4.5 million in prize money that will be awarded by 43North on Wednesday. But just like in the world of startups, nothing is guaranteed. Only 10 of them will advance beyond a qualifying round on Tuesday, to compete onstage on Wednesday at Shea's Performing Arts Center. Of those 10 contenders, one will win the $1 million grand pri…

Business

43North promises to stage a glitzier show at Shea's on Oct. 30 when startups compete for a $1 million grand prize. This is the sixth year of the business plan competition, and organizers say they are ramping up the drama with a new set, lighting and music for the "Shark Tank"-style production. It's a departure from the same set and chairs the event has used for the past…

Business

43North has a bigger pool of contenders to choose from this year. The business plan competition with the "Shark Tank"-like finale attracted 528 entries this year, up 9% from last year. The sixth edition of the competition, featuring $5 million in prize money, will culminate Oct. 30 onstage at Shea's Performing Arts Center. The grand prize winner will receive $1 million.…

Business

An upcoming coding "hackathon" will offer a total prize package of $14,500. Code:Buffalo is scheduled for June 14 to 16. The event is free and open to the public, but registration is required. Professionals and students who have at least basic coding skills are invited to attend. The first-place prize is $10,000. The second-place entrant will receive $3,000, and thir…

Business

43North is looking for its next $1 million prize winner. The business plan competition is accepting applications for its 2019 edition, which concludes Oct. 30 with judging onstage at Shea's Buffalo Theatre. The grand prize winner that night will walk away with $1 million, and seven other companies will win $500,000 each. The prize winners will be eligible for a cut of $…

Business

EagleHawk is looking forward to a lucrative week. The Blasdell-based company has made a name for itself flying drones that inspect flat roofs, using thermal imaging to detect problems. On Tuesday, EagleHawk will be one of five finalists pitching to judges in the Genius New York competition in Syracuse. The grand prizewinner will walk away with $1 million, while the othe…

Business

The 44 startups in 43North's portfolio have created more than 400 jobs in the region since 2014, and many of those companies want to hire more. The business plan competition highlighted the job-creation milestone at Thursday's "Jobcade," a job fair at 500 Seneca presented by Ignite Buffalo. More than three dozen startups and small businesses, including some 43North priz…

Business

Startups and small businesses looking to fill more than 200 jobs will participate in the first Ignite Buffalo JobCade, a job fair that will be held 3 p.m to 7 p.m. on March 7 at the 500 Seneca building in Buffalo. The event is free and open to the public. Job seekers will be able to meet face to face with prospective employers, receive advice about their resume and inte…

Daniel Greene, a litigator who served as chief operating officer at Formarum, has joined the law firm Beckage PLLC. Greene was previously an attorney with Connors & Vilardo and the federal public defender's office for the Western District of New York. He also clerked for a federal judge in Florida. He was also previously 43North's director of operations and a…