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|Articles - May 2012|
|Monday, April 23, 2012|
When Kristine Akins had a second bike stolen in 2010, the veteran entrepreneur didn’t get mad. She got even. In 2011, she founded BikeTrak, a startup that is building GPS-powered security devices for bikes. Embedded in the bicycle, the unit will automatically alert riders and police when a bicycle is stolen, then pinpoint where the bike is at any given time. “It’s a complete system for thwarting bike theft,” says Akins. The system operates at the nexus of several cutting-edge technologies, including GPS, cellular chip and “machine-to-machine” communications. “There were significant challenges,” says Akins. Other technical hurdles include ensuring the unit isn’t on or activated when the bike is accidentally jostled or when the rider moves the bike, and embedding the device, with its three antennas, in the actual bike frame. Akins is testing a “Beta I” version of BikeTrak this month — the initial round of units will be built into the water cage — and hopes to release about 200 products this summer, just before the September Interbike trade show in Las Vegas. Akins has been working with Portland police on the device and says detectives “love the idea” of an automated system. Would-be vigilantes, take note. A notice on the BikeTrak web site likely will read: “Don’t go after the thief yourself.”
Bicycle security devices
Received $150,000 in convertible note funding. “We’re looking at getting $750,000 before launch,” says Akins. Named as a semi-finalist in Angel Oregon 2012. Two full-time employees, several part-time and contractor workers. Retail launch price is $299. “This is heavy-duty technology, but we hope to get prices down over time.”
“Bikes are so easy to steal,” says Akins. “If thieves think they might be tracked, they’ll probably think twice. Ninety percent of thieves are idiots. But we’re struggling a bit in terms of publicizing where the unit will be located on the bike.”
Monday, August 18, 2014
Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
Monday, June 30, 2014
Oregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.
Wednesday, July 09, 2014
BY LINDA BAKER | OB EDITOR
Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.
Thursday, July 31, 2014
BY MARY SPILDE | OB GUEST CONTRIBUTOR
Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.
Wednesday, August 27, 2014
Tom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.
Wednesday, August 20, 2014
By Kim Moore | OB Editor
The 2015 survey launched this week. It is open to for-profit private and public companies that have at least 15 full- or part-time employees in Oregon.
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Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Lane Powell Shareholder William T. Patton has been appointed to the board of directors for Cascade AIDS Project, an organization that provides educational services and outreach to thousands of Oregonians living with HIV/AIDS.
Fifty-one Lane Powell lawyers were recently selected by their peers for inclusion in The Best Lawyers in America® (Best Lawyers) 2015; of those selected, 23 lawyers are from the Firm’s office in Portland, Oregon.
Barran Liebman is proud to announce that Andrew Schpak, a Partner of the firm, has been named Chair of the American Bar Association’s Young Lawyers Division for the 2014-2015 bar year.