4 of 6
BACKNEXT
Everlater
Everlater
Everlater cofounders Nate Abbott and Natty Zola.

Boulder, Colo.
Funding:
TechStars incubator
Amount raised: $12,000
Launched: August 2008

Everlater was hatched when its cofounders went on a round-the-world trip and couldn't find a good Web application with which to share their experiences. So they moved back home to Colorado and lived off savings and loans from family and friends as they built a Web site that functions as an interactive travel journal.

In May 2009, they joined TechStars, an incubator that operates in Boston and Boulder. (This fall, it expands to Seattle.) The program gives startups funding, mentoring and networking opportunities, including a demo day at the end of the three-month program during which entrepreneurs can pitch angel investors and venture capitalists.

The funding was useful, co-CEO Natty Zola says: It gives cashed-strapped entrepreneurs the opportunity to focus on their business for three months "and really see if there's a business there." But access to TechStars' member network -- full of entrepreneurs, investors, lawyers and mentors -- "really helps you take your business to the next level," Zola says.

Everlater, now a team of four, is working to create new site features, build partnerships to distribute their technology, and begin selling physical travel journals and other products. The company gave TechStars 6% of its stock when it entered the incubator.

"That is probably the best 6% of your company you'll ever give away," Zola says. "You get that back in spades."

NEXT: Measy.com

Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
LAST UPDATE: Mar 24 2010 | 5:16 PM ET
More Galleries
San Francisco: The best city to make things From electric motorcycles to death shrouds, San Francisco's manufacturing sector is booming. More
6 designers shaking up fashion These designers are changing the way we dress, accessorize and shop, from custom made-to-fit dresses to smart jewelry that's actually stylish. More
8 must-have travel apps Whether you've got wanderlust or an airline grievance, here are some apps to pack onto your phone. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.