Here is an update on what has been going on with CavnessHR. Your feedback and questions are appreciated.
At CavnessHR we deliver HR to companies with 49 or fewer people across the U.S. Small businesses lose an average of $10,000 per employee because of bad HR. Small business owners are spending 25% of their time on HR. Time better spent taking care of their employee, customers and business.
At CavnessHR we are solving this by providing an online platform and HR Business Partner based on the location and industry of our customer.
We are taking part in the Hofstra Veterans Venture Challenge https://www.hofstra.edu/academics/entrepreneurship/veterans-venture-challenge.html
Although, there have been some changes because of COVID-19. This was supposed to happen June 15-19. But now it will be virtual. With the final pitch competition being pushed out to August. We will see then if the pitch will be in person or virtual.
Hofstra has provided CavnessHR some great mentors to go along with participating to include Barbara Roberts. https://www.linkedin.com/in/barbararoberts2/ and Kevin Hesselbirg. https://www.linkedin.com/in/kevin-hesselbirg-578b51130/
Both have provided great advice. We have also been given an intern from Hofstra University, Jacklyn Paradiso. https://www.linkedin.com/in/jaclyn-paradiso-26bb9a149/ She has been a great help.
As part of taking part in this challenge I agreed to take a 30 day entrepreneurship course https://hofstra-login.blackboard.com/ Which is being taught by Michael Zacchea. https://www.linkedin.com/in/michaeljzacchea/ He is the Executive Director of the United States Veterans Chamber of Commerce. The course is a lot of reading and doing items I have already done. But it is always a good idea to refine your items.
We continue to meet people online and to pitch and pitch and pitch some more. From the pitches so far. It seems like people either get what we are building at CavnessHR and realize the value we will bring to small business. Or they have no idea and can't grasp our vision.
Some items I have learned from these pitches and listening to the various Angels and VCs is that there is still money out there for Startups. Now it will probably take longer to go through the process and the checks will probably be smaller. Plus the valuation will need to be more "realistic" But it should still be possible to obtain investment in your startup.
We attended the SaaS Summit. https://www.saastrsummit.com/ We learned alot from the various speakers. Especially, on the future of SaaS and ways to improve your SaaS company.
We took part in Webinar with Aten Ventures. https://www.atenventures.com/. We did a presentation on hiring and what people need to do to be hired in our current environment.
We then took part in an outdoor hiring webinar with Catapult Innovation Labs. They assist outdoor startups and outdoor companies succeed. The webinar covered how to layoff or furlough people in our current environment. We also talked about how to keep in touch with your prior employees. How to take care of yourself, your business, your customers and your employees and to protect your employee brand. https://www.catapultinnovationlabs.com/
We participated in and pitched at the Young Startups Venture Summit in San Francisco. Virtually of course. https://youngstartup.com/west2020/
Their were some great panels and we were able to pitch in the Seedfest part of the conference.
As I said before, CavnessHR was accepted to Patriot Boot Camp https://patriotbootcamp.org/ but it was cancelled because of COVID-19. Well, they have matched us with various mentors. So far we have talked to Anna Barber https://www.linkedin.com/in/annawbarber/ the Managing Director of Techstars L.A. She gave us some great advice on what approach to use when reaching out to our former Podcast guests about helping out with CavnessHR.
We continue to research if we should use a digital signature API or if we should just do this manually for now. The plan is to eventually build out an internal digital signature platform for CavnessHR.
As a way to improve myself and to take care of myself. I took the famous “Science of Well-Being Course taught by Professor Laurie Santos of Yale University. It was a great course that covered many aspects of taking better care of yourself. Professor Santos is a great instructor.
At CavnessHR we continue to refine our Product Development and Roadmap. We are also working to improve the design of everything CavnessHR related.
At CavnessHR we are currently all-in in regards to fundraising and customer acquisition.
For customer acquisition, we sent out loom videos and emails to the majority of our podcast guests asking for introductions to any small business owners or investors in their networks. So far about 10 have said they will help us with this.
It would be great if you could introduce us to any small business owners in your network that has a company of 49 or fewer people. Or to any investors in your network that would be interested in learning more about CavnessHR.
It would also be great if you could use the below calendly link to schedule a Zoom so I can discuss CavnessHR with you.