About
I am passionate about helping the consumer, motivating other entrepreneurs and building…
Activity
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Unlock sees performance as more than just speed or efficiency. Performance is about balancing the delicate balance of personal and professional lives…
Unlock sees performance as more than just speed or efficiency. Performance is about balancing the delicate balance of personal and professional lives…
Liked by Clarence Bethea
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“AI eats software” - Kevin Rose 🚀🚀🚀🚀🚀
“AI eats software” - Kevin Rose 🚀🚀🚀🚀🚀
Shared by Clarence Bethea
Experience
Education
Publications
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Pitching an investor for the first time? Here’s how to capture attention, plus a few misconceptions.
True Ventures
Foremost I’m a founder – of Upsie, (ahem…) a platform for buying warranties for the electronics you own, love, and want to protect. I’m also a venture scout for the True Ventures Spoke program, which is designed to empower individuals from across the firm’s community to source and evaluate deals with the goal of investing in founders of backgrounds that historically have been overlooked in our industry.
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The New Rules of Mentorship
Twin Cities Business
But then Han went to the whiteboard and started drawing circles to represent various aspects of the Upsie business and how they intersect. “It was so different for me—so methodical, the way he thought about problems and solutions. We understand the problem we’re trying to solve at Upsie, but I didn’t know how [to go about it].”
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Direct-to-Consumer App-Based Warranty Provider Upsie Raises $5 Million
Twin Cities Business
Upsie operates as an app, so consumers have easy access to their warranty and don’t have to worry about losing a paper receipt. Users can purchase warranties up to 60 days after the sale (45 for smartphones) for products that have a minimum 90-day warranty from the manufacturer, and Upsie warranties kick in when the manufacturer’s ends.
Because Upsie negotiates with insurance providers directly, it is able to offer warranties at what it says is up to 70 percent less than traditional…Upsie operates as an app, so consumers have easy access to their warranty and don’t have to worry about losing a paper receipt. Users can purchase warranties up to 60 days after the sale (45 for smartphones) for products that have a minimum 90-day warranty from the manufacturer, and Upsie warranties kick in when the manufacturer’s ends.
Because Upsie negotiates with insurance providers directly, it is able to offer warranties at what it says is up to 70 percent less than traditional competitor plans. -
Upsie nabs $5M to build a direct-to-consumer warranty service
TechCrunch
Warranties for purchased products is a $40 billion annual market. But in their current form, they are considered by some to be one of the bigger scams in the world of retail because they cost so much and often return too little.
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Tech firm's success may open doors for Twin Cities black entrepreneurs
MPR
"For that next African-American founder who is like, 'Can I do this?' and is at a crossroads," Bethea said, "hopefully this says that they can because I'm not anything special."
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This is how I work
Tech.MN
Clarence Bethea is the Founder & CEO of Minneapolis’ Upsie – an insuretech venture started in 2015 with 7 full time employees ( hiring) & $2mm in funding behind it.
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Minneapolis startup Upsie wants to cover your spendy gadgets
Startribune
With another high-tech holiday nearly in the bag, the founder of a Minneapolis startup that sells protection plans for all those spendy gadgets is gearing up for growth.
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Customers love this Black founder’s company - Where’s the love from investors?
Fast Company
Clarence Bethea doesn’t have the standard startup founder’s background and his company isn’t based in a big coastal city. So though his warranty company Upsie is doing well, he’s raised very little money.
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Techstars Founder Spotlight
Techstars Blog
We’ve all been there before: we walk into a big box store, we’re preparing to check out, and then we’re strapped with a confusing and unwanted warranty. This week, we talked with Upsie founder Clarence Bethea about how his team wants to flip the script on warranties.
Other authorsSee publication -
Featured on TrailBlazers FM Podcast
TrailBlazers FM podcast
The Trailblazers.FM podcast explores stories of successful black business professionals, entrepreneurs and thought leaders.
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Startup showcase: Warranty-easing app receives recognition in national competition
Pioneer Press
The Kauffman Foundation, based in Kansas City, Mo., and home of the original 1 Million Cups, is in the midst of their first One in a Million startup competition. Out of 377 applicants from across the United States, two 1 Million Cups St. Paul startups have made it to the semifinals. Clarence Bethea, founder of Upsie, and Ken Morris, founder of knectIQ, will be heading to Kansas City for the Nov. 17 semifinal round.
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Extended-warranty options abound for smartphones, tablets and TVs
Pioneer Press
Upsie CEO Clarence Bethea created the warranty service after finding it awkward and expensive to get accidental-damage coverage for his consumer electronics. His company enters a crowded field of ADC providers, but it aspires to sell the warranties at competitive prices.
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Upsie is the new way to warranty
Beta.MN
The story of how and why Clarence Bethea started his company, Upsie.
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Entrepreneur 2 Entrepreneur: Clarence Bethea on Team
Tech.mn
Clarence Bethea is the founder & CEO of Upsie, a ‘new way to warranty’ using mobile as a gateway to insurance providers. Bethea doesn’t just talk about team, he’s stacks it — recently landing some big names, including former Code42 CFO Jason Bristow and Best Buy veterans Stacy Webb Brian Dunn.
Honors & Awards
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40 under 40
Minnesota Business Journal
The Minneapolis/St. Paul Business Journal has announced the first round of our 2018 40 Under 40 honorees, a list that includes young business and community leaders from throughout the Twin Cities. We'll continue releasing more honoree names in the coming days.
Each year, Business Journal editors select 40 leaders under the age of 40 — from a pool of hundreds of nominations — who have demonstrated outstanding professional achievement while also becoming leaders in their communities. -
Minnesota Tech Hustler of the Year 2016
Tech.MN
Minnesota tech entrepreneur Clarence Bethea was born in 1980 and raised in Atlanta, Georgia. He moved to Minnesota in 2002 to attend Bemidji State University and found his way to tech entrepreneurship as most do: first hand pain, a mindset of opportunity, and the drive show the world what’s possible.
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Winner of FinTech US 2016 Challenge
Village Capital
Village Capital is seeking financial technology entrepreneurs from across the US that are disrupting existing industries and increasing financial health for underserved communities and small businesses to participate in the Village Capital FinTech: US 2016 program, held in partnership with PayPal. This three-month program will support entrepreneurs with an award-winning program curriculum, 1:1 mentorship from sector leaders, and tailored engagements with potential strategic partners and…
Village Capital is seeking financial technology entrepreneurs from across the US that are disrupting existing industries and increasing financial health for underserved communities and small businesses to participate in the Village Capital FinTech: US 2016 program, held in partnership with PayPal. This three-month program will support entrepreneurs with an award-winning program curriculum, 1:1 mentorship from sector leaders, and tailored engagements with potential strategic partners and investors.
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Semi-finalist Winner of ACORD Insurance Innovation Challenge
ACORD Insurance Innovation Challenge
Semi-finalist Winner in the Midwest region. Will pitch live at the ACORD2016 event in November 2016.
The ACORD Insurance Innovation Challenge (AIIC) is a competition/business incubator hybrid which strives to identify and promote significant and sustainable innovation in and for the insurance industry, specifically in the areas of technology, operations and process improvements for insurers, distribution channel stakeholders, and vendor partners. -
The (Real) Power 50 of 2016
Minnesota Business Magazine
The members of The (Real) Power 50 are the linchpins in their company. The connectors in their industry. The heart of the operation. The people who make things happen. The remarkable players in the Minnesota business community with a knack for getting things done — and being helpful along the way.
To create this list, we selected people we trust to be nominators, people who understand what The (Real) Power 50 means — the Alumni! We also scanned the state’s business community, asking our…The members of The (Real) Power 50 are the linchpins in their company. The connectors in their industry. The heart of the operation. The people who make things happen. The remarkable players in the Minnesota business community with a knack for getting things done — and being helpful along the way.
To create this list, we selected people we trust to be nominators, people who understand what The (Real) Power 50 means — the Alumni! We also scanned the state’s business community, asking our trusted partners and business leaders to identify the movers and shakers who have impressed them in the last year. And thus, the list of 50 came to be. -
One in a Million Competition - Livestream
Kaufman Foundation
The Ewing Marion Kauffman Foundation's One in a Million competition was launched to provide educational opportunities to entrepreneurs and to showcase some of the stellar startups in the 1 Million Cups community.
The initial field of contest entries was narrowed to 15 semifinalists based on their businesses’ marketability; long-term potential; management team; and the entrepreneurs’ ability to persuasively present their businesses in a few minutes.
The semifinalists presented at…The Ewing Marion Kauffman Foundation's One in a Million competition was launched to provide educational opportunities to entrepreneurs and to showcase some of the stellar startups in the 1 Million Cups community.
The initial field of contest entries was narrowed to 15 semifinalists based on their businesses’ marketability; long-term potential; management team; and the entrepreneurs’ ability to persuasively present their businesses in a few minutes.
The semifinalists presented at the Kauffman Foundation in Kansas City during Global Entrepreneurship Week. -
Tekne Awards
Minnesota High Tech Association
Tekne Award Winner in category 'Startup'.
The MHTA selected 15 recipients whose innovations improve the lives of Minnesotans and people around the world. MHTA is an innovation and technology association united in fueling Minnesota’s prosperity. Helping to bring together the people of Minnesota’s technology ecosystem and lead the charge in directing technology issues to Minnesota’s state capitol. -
Eureka! Awards winner: Upsie
Minneapolis St.Paul Business Journal
Winner of the Eureka! Awards
Eureka! Innovation awards recognize creativity, innovation and progress in business, education, the arts, health care and other areas.
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Semi-finalist Winner in the MN Cup
University of Minnesota Carlson School of Management
MN Cup is the premier resource for early stage entrepreneurs, supporting and accelerating the development of breakthrough business ideas across Minnesota. They support emerging entrepreneurs through events, educational programming and an annual startup competition that provides them with tools, resources and support to launch and accelerate the development of their new ventures.
More activity by Clarence
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Companies focused on how do we USE ai - not just CREATE ai - to solve problems & redefine workloads. hmmmm...
Companies focused on how do we USE ai - not just CREATE ai - to solve problems & redefine workloads. hmmmm...
Liked by Clarence Bethea
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Some of my favorite people are headlining our next TrueTalk on Oct. 22 in Atlanta. Should be a great evening with Clarence, Miles and Phil! Please…
Some of my favorite people are headlining our next TrueTalk on Oct. 22 in Atlanta. Should be a great evening with Clarence, Miles and Phil! Please…
Liked by Clarence Bethea
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