Bill Gross started Idealab in 1996 to create and operate pioneering technology companies. The structure of Idealab has allowed us to test many ideas at once and turn the best of them into companies, attracting the human and financial capital necessary to bring them to market.
Many of these companies were among the first to introduce new business ideas to the market. CitySearch, now a part of IAC, established the category of local online community directories. eToys demonstrated the tremendous potential for online consumer retail and became one of the most recognized brands during the early days of e-commerce. Overture Services, which began life as GoTo.com, was the first company to introduce the concept of paid search — the business model that powers the multibillion-dollar online search market.
Idealab continues to explore a range of technology frontiers. New models for improving the search experience are at the core of several companies currently growing inside of Idealab. Moving beyond the Internet, we have spawned companies with breakthrough technologies in robotics, renewable energy and automotive design and production among others. Idealab also continues to partner with leading venture capital firms and other strategic investors to provide the resources to maximize the potential of these companies.
In addition to capital, Idealab provides a full range of resources to infuse start-ups with the support they need to rapidly introduce innovative products and services. Resources include office space and the accompanying office services, development and technology, product and graphic design, marketing, financial advice, human resources, competitive research, legal, accounting and business development support and services. In addition, Idealab provides advice on strategy, branding and corporate structure.
As one of the largest association management firms in Minnesota, New Concepts has become an industry leader – not only in the upper Midwest, but throughout the country – thanks to a dedicated and professional group of colleagues and associates who are committed in delivering top-notch customer care to all association boards and homeowners we serve.
Because we have been able to demonstrate such a consistent level of service, associations and individual homeowners have come to rely on us to use our clout, buying power and referral network in providing a second to none “Concierge approach” to all related home products and services. We work hard to live up to our name by constantly developing “New Concepts.” We aim to enrich the lives of our customers, and cause our competition to emulate us by adding new services such as the HomeSavings Store.
Founded in 1987, we have not become one of Minnesota’s premiere Management Companies by handling “business as usual.” Instead, we understand that our success comes from our key resource – our staff!
The Idea Factory provides services focused on transforming the corporate innovation process, taking into account the velocity required to thrive in the New Corporate Eco-system. Our unique products and services have been thoroughly developed, tested and refined during the past three years with over two dozen of the world's most significant companies. In our workshops, we weave together talent, ideas and facilities to enable participant involvement and foster innovative solutions focused on a particular task, project or strategy. Workshops serve to raise awareness within the client and can serve as a catalyst for change, usually applied for client's strategy sessions. We also serve as an outsourced innovation department, creating a blueprint for new business ventures built around a customer-centric vision of the future.
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