Fetchnotes is making the leap to national start-up, winning a place in the widely recognized small business incubator Tech Stars.
Fetchnotes is creating software that makes sticky notes for computers. It started to go through the six-month incubation process at the Boston-based incubator in August.
TechStars bills itself as a "mentorship-driven seed stage investment program" with offices in Boston, Boulder, New York and Seattle. It claims to have supported 96 companies through its program, 13 of which have been acquired.
Fetchnotes was created by University of Michigan students last year. It has expanded to a team of eight people, most of whom are U-M students on a leave of absence from the university. It launched out of the university's
TechArb incubator and is now working on where it will land after TechStars.
"We still have to decide a lot of that (whether it will stay in Ann Arbor)," says Alex Schiff, CEO & co-founder of
Fetchnotes. "It's still an open-ended question."
The Fetchnotes system lets users call, text, email, or type notes directly into their account through a phone, smartphone app, desktop widget or web browser. Users can categorize the notes with hashtags for easy retrieval and can view a category directly in the app or in their web account.
So far it has grown from 19,000 users earlier this year to 28,500 today. Schiff expects to hit 100,000 users by the end of the year and 1 million by 2013.
Source: Alex Schiff, CEO & co-founder of Fetchnotes
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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