{"id":19156,"date":"2016-11-30T18:00:57","date_gmt":"2016-11-30T10:00:57","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/aerospace-startups-use-starbursts-shark-tank-in-seattle-to-keep-their-dreams-afloat\/"},"modified":"2016-11-30T18:00:57","modified_gmt":"2016-11-30T10:00:57","slug":"aerospace-startups-use-starbursts-shark-tank-in-seattle-to-keep-their-dreams-afloat","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/aerospace-startups-use-starbursts-shark-tank-in-seattle-to-keep-their-dreams-afloat\/","title":{"rendered":"Aerospace startups use Starburst\u2019s shark tank in Seattle to keep their dreams afloat"},"content":{"rendered":"<figure id=\"attachment_293266\" aria-describedby=\"caption-attachment-293266\" style=\"width: 630px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-293266 size-full-width\" src=\"https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2016\/11\/161130-matterfab-630x472.jpg\" alt=\"MatterFab 3-D printer\" width=\"630\" height=\"472\" srcset=\"https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2016\/11\/161130-matterfab-630x472.jpg 630w, https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2016\/11\/161130-matterfab-768x576.jpg 768w, https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2016\/11\/161130-matterfab.jpg 1210w\" sizes=\"(max-width: 630px) 100vw, 630px\"><figcaption data-nosnippet=\"\" id=\"caption-attachment-293266\" class=\"wp-caption-text\">Seattle-based MatterFab is working on a 3-D printer that looks like a walk-in freezer but can use laser microwelding to make metal components out of powder. (Credit: MatterFab)<\/figcaption><\/figure>\n<p>Some aerospace ventures came to Starburst Accelerator\u2019s shark tank in Seattle today to find investors. Others were looking for customers. But unlike the TV version of \u201cShark Tank,\u201d none of them was sent away in defeat.<\/p>\n<p>\u201cThere are no winners or losers,\u201d Van Espahbodi, Starburst\u2019s co-founder and chief operating officer, told GeekWire at the end of the all-day pitch session.<\/p>\n<p>Instead, a dozen entrepreneurs got the chance to pitch their ideas at the Museum of Flight, in front of venture capitalists, aerospace executives and other industry types (plus a couple of journalists).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-293265\" src=\"https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2016\/11\/161130-starburst-1-300x100.png\" alt=\"Starburst Accelerator\" width=\"300\" height=\"100\" srcset=\"https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2016\/11\/161130-starburst-1-300x100.png 300w, https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2016\/11\/161130-starburst-1.png 627w\" sizes=\"(max-width: 300px) 100vw, 300px\"><\/p>\n<p>Today\u2019s gathering marked the first Starburst event conducted in Seattle, which has been gaining more visibility as an aerospace industry hub \u2013 thanks to the likes of such stalwarts as the Boeing Co. as well as more recent entrants such as Amazon founder Jeff Bezos\u2019 Blue Origin space venture. Both of those companies had representatives in the audience today.<\/p>\n<p>Three hometown aerospace ventures had spots on the schedule, including Seattle-based MatterFab, which is working on a 3-D printer that can create metal parts from laser-welded powder.<\/p>\n<p>After years of development&nbsp;and millions of dollars in startup funding, MatterFab&nbsp;is on the verge of putting its machine to work. It\u2019s already talking with Blue Origin as well as Boeing, SpaceX and GE about doing business.<\/p>\n<p>\u201cWe\u2019ve been told, \u2018If you had anything today, you would be building our parts,&#8217;\u201d MatterFab CEO Jonathan Saint Clair said.<\/p>\n<p><iframe title=\"The Future of Aerospace Funding\" src=\"https:\/\/www.youtube.com\/embed\/HYoUFtolTJA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen=\"\" data-ratio=\"0.5625\" data-width=\"800\" data-height=\"450\" style=\"display: block; margin: 0px; width: 800px; height: 450px;\"><\/iframe><\/p>\n<p>RBC Signals\u2019 CEO, Christopher Richins, is looking for investors as well as customers to add to his list. Richins founded RBC Signals, based in Redmond, Wash., last year to provide ground station services for what\u2019s expected to be entire constellations of satellites in low Earth orbit.<\/p>\n<p>So far, he and his fellow executives in Russia and Israel have knit together a network of 28 satellite communication antennas in 18 locations around the globe.<\/p>\n<p>\u201cWe\u2019re able to sign revenue-sharing deals, so we\u2019re not taking on the costs of leasing,\u201d Richins told GeekWire. \u201cWe\u2019re able to maintain a very flexible network now, and then as our customers come to us and require dedicated assets, we\u2019re able to either buy, build or lease dedicated infrastructure to meet their needs.\u201d<\/p>\n<p><iframe id=\"twitter-widget-0\" scrolling=\"no\" frameborder=\"0\" allowtransparency=\"true\" allowfullscreen=\"true\" class=\"\" style=\"position: absolute; visibility: hidden; width: 0px; height: 0px; display: block; flex-grow: 1;\" title=\"X Post\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?creatorScreenName=b0yle&amp;dnt=true&amp;embedId=twitter-widget-0&amp;features=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%3D%3D&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=804077616160337920&amp;lang=en&amp;origin=https%3A%2F%2Fwww.geekwire.com%2F2016%2Faerospace-startups-starburst-shark-tank%2F&amp;sessionId=91ba4a6c09a33165916c81448b3545b2b67d81ea&amp;siteScreenName=geekwire&amp;theme=light&amp;widgetsVersion=6a3ad42b224df%3A1778106238597&amp;width=550px\" data-tweet-id=\"804077616160337920\"><\/iframe><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\" data-twitter-extracted-i1782803813263309967=\"true\">\n<p lang=\"en\" dir=\"ltr\">@RBCSignals pitching a service to move data from space to ground in response to fast growing need @starburstinnov pic.twitter.com\/SU2nOLDkNU<\/p>\n<p>\u2014 Eric Anderson (@AndOneTech) November 30, 2016<\/p>\n<\/blockquote>\n<p><script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Seattle-based Aerostrat is offering a slightly more down-to-earth service: a software platform called Aerros that\u2019s designed to keep track of aircraft maintenance schedules from start to finish.<\/p>\n<p>Aerostrat CEO Elliot Margul said the market for such software amounts conservatively to $250 million a year. Subscription revenue for each product could amount to as much as $30 million a year, he said.<\/p>\n<p>The company was founded just a year ago. \u201cWe\u2019ve been working now with eight airlines to really test and develop our product, We\u2019ve actually just sent out contracts to two of those \u2026 and we expect to have those closed in early January\u201d Margul said.<\/p>\n<p>\u201cThe future for Aerostrat is really bright,\u201d Margul said. \u201cWe have a lot of other products in our pipeline that we\u2019d really like to build.\u201d<\/p>\n<p>The shark tank attracted nine other ventures from out of town&nbsp;\u2013 in a couple of cases, way out of town.<\/p>\n<p>BOXARR, a startup based in England, offers a simple-to-use \u201cboxes and arrows\u201d production management platform that\u2019s catching on with Boeing, Airbus and other industrial heavy-hitters.<\/p>\n<p>Then there\u2019s WiN MS, a French company that has developed a high-tech system to monitor cables and connections for potential problems. The current applications focus on aviation, but the system could be adapted in the future for electric cars, smart grids and oil and gas distribution systems.<\/p>\n<p><iframe id=\"twitter-widget-1\" scrolling=\"no\" frameborder=\"0\" allowtransparency=\"true\" allowfullscreen=\"true\" class=\"\" style=\"position: absolute; visibility: hidden; width: 0px; height: 0px; display: block; flex-grow: 1;\" title=\"X Post\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?creatorScreenName=b0yle&amp;dnt=true&amp;embedId=twitter-widget-1&amp;features=eyJ0ZndfdGltZWxpbmVfbGlzdCI6eyJidWNrZXQiOltdLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2ZvbGxvd2VyX2NvdW50X3N1bnNldCI6eyJidWNrZXQiOnRydWUsInZlcnNpb24iOm51bGx9LCJ0ZndfdHdlZXRfZWRpdF9iYWNrZW5kIjp7ImJ1Y2tldCI6Im9uIiwidmVyc2lvbiI6bnVsbH0sInRmd19yZWZzcmNfc2Vzc2lvbiI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9LCJ0ZndfZm9zbnJfc29mdF9pbnRlcnZlbnRpb25zX2VuYWJsZWQiOnsiYnVja2V0Ijoib24iLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X21peGVkX21lZGlhXzE1ODk3Ijp7ImJ1Y2tldCI6InRyZWF0bWVudCIsInZlcnNpb24iOm51bGx9LCJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3Nob3dfYmlyZHdhdGNoX3Bpdm90c19lbmFibGVkIjp7ImJ1Y2tldCI6Im9uIiwidmVyc2lvbiI6bnVsbH0sInRmd19kdXBsaWNhdGVfc2NyaWJlc190b19zZXR0aW5ncyI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9LCJ0ZndfdXNlX3Byb2ZpbGVfaW1hZ2Vfc2hhcGVfZW5hYmxlZCI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9LCJ0ZndfdmlkZW9faGxzX2R5bmFtaWNfbWFuaWZlc3RzXzE1MDgyIjp7ImJ1Y2tldCI6InRydWVfYml0cmF0ZSIsInZlcnNpb24iOm51bGx9LCJ0ZndfbGVnYWN5X3RpbWVsaW5lX3N1bnNldCI6eyJidWNrZXQiOnRydWUsInZlcnNpb24iOm51bGx9LCJ0ZndfdHdlZXRfZWRpdF9mcm9udGVuZCI6eyJidWNrZXQiOiJvbiIsInZlcnNpb24iOm51bGx9fQ%3D%3D&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=804042132784873476&amp;lang=en&amp;origin=https%3A%2F%2Fwww.geekwire.com%2F2016%2Faerospace-startups-starburst-shark-tank%2F&amp;sessionId=91ba4a6c09a33165916c81448b3545b2b67d81ea&amp;siteScreenName=geekwire&amp;theme=light&amp;widgetsVersion=6a3ad42b224df%3A1778106238597&amp;width=550px\" data-tweet-id=\"804042132784873476\"><\/iframe><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\" data-twitter-extracted-i1782803813263309967=\"true\">\n<p lang=\"en\" dir=\"ltr\">WiN MS pitch this morning @museumofflight, @starburstinnov event hosted by @Boeing pic.twitter.com\/RX0Uj8b4F7<\/p>\n<p>\u2014 WiN MS (@WiNMS_France) November 30, 2016<\/p>\n<\/blockquote>\n<p><script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The most interactive venture represented at the Starburst event was iQ3, headquartered&nbsp;in Woburn, Mass., which brought along an HTC Vive headset to show off its&nbsp;virtual-reality&nbsp;platform&nbsp;for web conferencing and collaborative computer-aided design.<\/p>\n<p>Dan Burton, the CEO of&nbsp;DroneBase, touted his company\u2019s 50-state network for capturing drone imagery.&nbsp;DroneBase has provided low-cost imagery for Zillow\u2019s online real-estate service, surveyed&nbsp;damaged homes in Georgia for Allstate after Hurricane Matthew for Allstate, and counts lots of other high-profile companies (such as Tesla and Hilton) among its clients.<\/p>\n<p>The Los Angeles-based company is paying drone pilots&nbsp;by the gig to cope with the demand.<\/p>\n<p>\u201cYou can think of DroneBase as an Amazon Web Services for drones,\u201d&nbsp;Burton told the Seattle audience.<\/p>\n<p>Electric Power Systems, Evigia, Identify3D, Koolock and Pierce Aerospace rounded out the shark tank\u2019s dozen. Attendees were given the chance to rate all the presentations online, but Starburst\u2019s&nbsp;Espahbodi said the ratings wouldn\u2019t figure in any sort of reward.<\/p>\n<p>The true reward came&nbsp;during the breaks \u2013&nbsp;when entrepreneurs had a chance to chat with potential backers, customers and advisers. And there\u2019s a chance that some of today\u2019s presenters will eventually get in on Starburst\u2019s newly announced $200 million venture fund.<\/p>\n<p>Today, everyone got a free piece of advice from Raj Singh, managing director at JetBlue Technology Ventures.<\/p>\n<p>\u201cMy advice is, don\u2019t fall in love with the technology. Find a business case,\u201d Singh&nbsp;told the audience during a lunchtime panel discussion. \u201cI see a ton of technology. I was at a VR\/AR event yesterday, and all these guys had these wonderful predictions about how this is going to change our life, but not one of them could come up with a solid business case for a killer application that would allow them to get out there, flourish and make money. \u2026 If you\u2019re going to be a business, find a customer.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seattle-based MatterFab is working on a 3-D printer that looks like a walk-in freezer but can use laser microwelding to make metal components out of powder. (Credit: MatterFab) Some aerospace ventures came to Starburst Accelerator\u2019s shark tank in Seattle today to find investors. Others were looking for customers. But unlike the TV version of \u201cShark [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[39,564,291,5480,273],"class_list":["post-19156","post","type-post","status-publish","format-standard","hentry","category-news","tag-aerospace","tag-aviation","tag-commercial-space","tag-starburst","tag-venture-capital"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/19156"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=19156"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/19156\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=19156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=19156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=19156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}