Salt Lake City investments

COTTONWOOD HEIGHTS — While investment deals in startup companies are down signficantly among North American venture capital firms, one Utah company that specializes in early funding is on an arc of success that is showing no signs of slowing down.

Kickstart Seed Fund announced Wednesday the state’s largest ever seed-dedicated venture capital fund and, at $74 million, the company is poised to add considerably to the slate of 100-plus companies it’s helped.

Company CEO and founder Gavin Christensen said his firm has built its reputation and success through a committment to investing in entrepreneurs that distinguish themselves via a combination of fearlessness, dedication and prudence.

“We’re looking for founders that do a lot with a little,” Christensen said. “They’re gritty, have a deep conviction about what they’re doing and a passion to be successful.

“Our founders are also driven by radical self-belief, but on the flip-side are humble enough to want to change things when needed and to listen when necessary.”

Zeroing in on that character profile has helped Kickstart build an investment portfolio that reads like a who’s who of up-and-coming Utah companies and includes wavemakers like Cotopaxi, Podium, Lucid Software, Homie, Chatbooks, Blyncsy and numerous others.

While the company has earned its stripes with investment successes, the path it traveled while getting there was more typical than not for any startup effort, aka, full of challenges and unexpected curves.

The concept of specializing in seed-stage venture capital funding was hatched while Christensen was working on his MBA at Northwestern University’s Kellogg School of Management, but timing, and the Great Recession, would become one of the first obstacles to address.

“The financial crisis hit right in the middle of the effort to put our first fund together,” Christensen said. “We were able to build it to $8 million but it was a very hard $8 million.”

Christensen also faced unabashed cynicism from venture capital veterans who, when they heard back in 2008 that he was focusing on launching a seed-dedicated fund specifically aimed at ventures in Utah and the Mountain West, were something less than supportive.

“When we first started, nobody cared about it,” Christensen said. “People were like ‘Seed funding in Utah? Have fun with that.’”

But that was before the explosion of the state’s tech sector and the rise of the still-burgeoning Silicon Slopes. Now, the company is talking to 500-plus companies a year, making the odds of scoring a Kickstart Seed Fund investment contract a highly competitive undertaking. Company leaders embrace an approach that reflects what they’re looking for in a prospect, namely, basing the task of winnowing pitches on humility and optimism.

“One of things that’s been a hallmark of our culture is trying to maintain a very open door,” said Kickstart partner Curt Roberts. “If you are starting a company that is within the realm of reason a possible candidate for venture capital funding, you’ll get your day in the sun. You’ll have the opportunity to come in and meet our team and tell us about it.”

Christensen said making entrepreneurs the focus of the company has been an operating tenet from day one and remained at the heart of how the company conducts business.

“We were always going to be a different kind of fund,” Christensen said. “Treating entrepreneurs with respect and recognizing that it’s all about them was a pretty different way of approaching things in this arena.”

And that may be why the company has drawn its own investor interest from the font of Utah’s homegrown tech mega-companies. Aaron Skonnard of Pluralsight, Jeremy Andrus of Traeger Grills and Ryan Smith of Qualtrics are all investment participants in the new fund.

Andrus, who before taking over the 30-year-old Traeger Grills and quadrupling profits in just four years had turned Utah’s Skullcandy headphones into an industry giant, lauded Kickstart for both its success and its approach.

“Entrepreneurs in Utah are fortunate to have access to a fund like Kickstart,” Andrus said in a statement. “They not only have the ability to attract and scale seed-stage venture companies, but the firm has also become a platform for knowledge, relationships and community.”

Roberts noted one program the company launched, Kickstart Collective, is leveraging the “collective” knowledge of its large stable of companies in an education network that facilitates more mature ventures sharing knowledge with those new companies that have learned fewer lessons.

“We reached an inflection point with a critical number of companies in a tight geographic area,” Roberts said. “So we decided to creat an initiative…to recognize that these companies are going through very similar experiences. They can teach others what to anticipate and where to watch for mistakes so they can avoid them.”

Carine Clark, veteran entrepreneur and current CEO of Banyan, a Utah tech patient-experience platform company, said Kickstart has distinguished itself both for its business approach and what happens after an investment is made.

“Gavin was really the first guy doing seed funding for Utah companies,” Clark said. “He’s made it easy for companies to not have to go to ‘venture vultures.’ Kickstart helps companies by helping them do a lot with a little. The depth and breadth of their investments is amazing … 10 years and over 100 companies.”

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Now, with a fund that is nearly double the value of its last round, Kickstart is poised to go build its investment portfolio even deeper and wider, and Christensen said the company will be doing more of what it’s been doing well and keep doing it in a style he says may be unique to the Beehive State.

“Kickstart and many other Utah companies have played a different game,” Christensen said. “Money has followed success but money has not driven the success, necessarily. Looking forward, we’re going to continue to back the best entrepreneurs in Utah and the Mountain West.”

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Sandy City

SANDY, Utah – Sandy City announced that it planned to install an ‘I Have a Dream’ sculpture to the south side of the Sandy City Hall later this year.

In a press release made by Sandy City, the scuplture will be erected in an area that already includes the ‘Hope Rising’ monument, dedicated to the deadly terrorist attacks that occurred in New York City on 9-11.

“The new King Jr. sculpture will be heroic and larger than life,” Sandy City said in its statement.

The statue will depict the late Martin Luther King Jr., in the middle of his famous speech.

The finished height of the statue will be 7 feet 8 inches tall, and depict Martin Luther King Jr. forming the words, “I have a dream,” with a raised hand.

“The sculpture will be donated to Sandy City through the generosity of Jason Lindsey of Santa Clara, Utah,” the statement said.

Utah sculptor Stan Watts created the artwork.

mlk

njustice anywhere is to threat to justice everywhere,” said Dr. Martin Luther King Jr.

President Ronald Reagan signed Martin Luther King Jr. Day into a holiday in 1983.

Utah began to acknowledge Martin Luther King Day with Human Rights Day in 1986.

In 1993, Salt Lake City changed the name of 600 South to Martin Luther King Boulevard. 2-years later the City of Ogden did the same thing, changing the name of 24th street.

In another speech, Dr. King said, “We must learn to live together as brothers or perish together as fools.”

In 2000, Utah became the last state to recognize the National holiday known as Martin Luther King Jr. Day by getting rid of Human Rights Day.

Dr. King said, “Hatred paralyzes life; love releases it.”

Across the state, Utahn’s will celebrate Dr. King’s life. Events kick off early at 10 a.m. for Westminster College with a march through Sugar House.

At 12 p.m. The Salt Lake City NAACP chapter will hold a luncheon at Little America Hotel. The University of Utah will hold a rally and march to Kingsbury hall at 2:30 PM

For those children that won’t be judged by the color of their skin but the content of their character, Murray High School will hold a Human Rights Celebration. It starts at 7 PM with music and the reading of the “I have a dream” speech.

Utah Jazz

Charlotte, N.C. • Following Joe Johnson through any NBA arena feels like watching a reunion.

In Miami, the 36-year-old spent a few minutes speaking with Heat assistant Juwan Howard. In Charlotte, he was the only Jazz player who played against Michael Jordan, who was watching the game courtside now in an ownership role. There’s always a coach, or a staffer, or an opponent who wants to say hi.

It’s not hard to imagine that for a man playing his 17th season in the NBA, you make a few friends. The reason, Miami Heat coach Erik Spoelstra said, is because of how Johnson conducts himself.

“It’s sounds simple, but if you’re just a pro and you approach your job with professionalism, consistency, great character every single day, you’ll get the results you desire on the court in production, but you’ll also leave an impression,” he said. “And he’s done that everywhere he’s been. We loved him while he was here. We would’ve loved to have kept him for longer, but he got a great deal there.”

The seven-time All Star is arguably the most decorated player to ever sign in Utah as a free agent. The decision to sign him for a two-year, $22 million deal was validated last spring when he shouldered a huge load to help beat the Los Angeles Clippers in the first round of the Western Conference playoffs.

But even old pros have their limit. Johnson is playing through one of his roughest seasons in the league (7.3 ppg, 3.4 rpg, 40.8 field goal percentage shooting), which can be either chalked up to a wrist injury he suffered seven games into the season, the erosion of time, or both. It’s a far cry from the vital offensive cog that he was last season.

It puts the Jazz in a bind: How do you help a player who has played so well for so long have a graceful ending chapter to his career?

It’s one of the subplots of a juggling act the Jazz have attempted at power forward with Johnson, Thabo Sefolosha and Jonas Jerebko. All three are veterans, and all three theoretically help space the floor with their shooting. Of those three, Johnson is the least efficient this season. But he was the only one who hasn’t missed any of the past 14 games.

The breaking news on Saturday that Sefolosha may be facing a season-ending MCL injury now casts a fresh spotlight on Johnson. Is the statistical output so far an slump he can pull through, or has he passed the point where he can be productive and efficient?

Johnson made the adjustment to coming off the bench last season, and said he’s “super comfortable” with it now. But it’s not that he’s not playing well off the bench — he hasn’t played well compared to the others who could siphon off his minutes.

Going purely on statistics, Sefolosha and Jerebko have outperformed Johnson to this point. Both Jerebko (.573 eFG percentage) and Sefolosha (.558 eFG) are shooting at higher clips than Johnson, whose .457 eFG is way down from last season (.521) and the lowest it has been since he was 21. Sefolosha and Jerebko also have higher scoring and rebounding numbers per possession, and their offensive and defensive ratings are higher. Johnson has the lowest net rating of any player on the Jazz (minus-11.7).

Good bye president Monson

The clear, sweet notes of the organ broke the reverent solemnity that filled the conference center as the choir rose and began to sing.

“Out in the desert they wander, hungry and helpless and cold. Off to the rescue he hastens, bringing them back to the fold.”

Though this favorite Mormon hymn is a reference to the Good Shepherd, Jesus Christ, it seems the parallels in former LDS Church President Thomas S. Monson’s own life are striking.

Liesl Nielsen
@liesl_nielsen
President Monson’s warmth, personal interest, encouragement, enthusiasm for the work and prophetic dignity made us feel calm and at peace. We felt we were in the presence of one who knew the Savior; one who was His servant. – Dieter F. Uchtdorf

12:32 PM – Jan 12, 2018
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“He would go to visit someone in need, feel while he was there an impression to go to another person, and then to another. More than a few times, such a person said, ‘I knew you would come,’” said President Henry B. Eyring, first counselor in the First Presidency under President Monson.

Over 20,000 gathered Friday afternoon for funeral proceedings honoring President Monson, who served as prophet and leader of The Church of Jesus Christ of Latter-day Saints for nearly a decade.

Many remembered his unfailing service to others, especially the sick and lonely. His daughter, Ann M. Dibb, recounted memories accompanying her father to visit a lifelong, 98-year-old friend, Elder Glen Rudd.

At one point, a little too much time had passed between their visits. President Monson’s secretary answered a phone call from Rudd who asked, “Is President Monson out visiting the sick, the afflicted and the aged? If so, I qualify!”

President Monson and his daughter quickly went to visit their friend, and afterward the prophet turned to his daughter and said, “I feel we’ve done some good today!”

Though known for his ability to easily sense the needs of others, President Monson knew he wasn’t perfect, Dibb said. Once, after seeing his picture in an open church magazine on his desk, he said, “I know that guy. He tried his best.”

And try he did, she said. Though his duties in the church kept him from serving everyone he wished he could, he would often delegate the task to another, asking if they’d like to “paint a bright spot on (their) soul today.”

President Monson’s reputation of selflessness also extended overseas and, during 1988, he traveled with other local church leaders to East Berlin in the then-communist German Democratic Republic. The country had been closed to church missionary work for more than 50 years, but President Monson felt impressed to ask permission for missionaries to serve there.

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