Archive for August 5th, 2007

Amie Street Closes Series A Financing Led By Amazon.com

Written by on Sunday, August 5th, 2007 in Ajax News.

Social music marketplace Amie Street has closed a Series A round of financing led by Amazon.com, along with some new partnerships and a site redesign. The amount of Amazon’s investment and the terms are not disclosed.

We’ve been big fans of the model and the recent investment shows Amazon is too. On Amie Street, music is not sold for a flat rate, but rather fluctuates based on demand for the song. Artists upload their music (DRM free), which users can download at a starting price of free. As a song’s downloads increase, the price starts to rise, all the way up to $0.99. If a song gets to $0.30 or so, you know its popular. The artist keeps 70% of revenues after the first $5 in sales. SellABand also has a socially driven music monetization model.

Users are rewarded for recommending hit songs with credit for purchasing additional music on Amie Street. The more popular a song becomes after a member has recommended it, the more credit he or she receives to spend on music.

New partners include RoyaltyShare, INgrooves, Daptone Records, and United For Opportunity (UFO) are new labels working with Amie Street. The addition of the partners has expanded Amie Street’s music library over 1000%. The site redesign’s major change has been the addition of a personalized music home page that includes a music “news feed” that helps you track your friend’s recommended songs, new releases from your favorite bands, and even predicts songs you may like based on previous activity.

The company has now grown to 12 people and out of their Long Island house to office space in Long Island city.

No doubt, Amazon’s recent payments system seems an ideal fit for the site as well.

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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/141078538/

Microsoft Photosynth Covers Shuttle Endeavour Pre-Launch

Written by on Sunday, August 5th, 2007 in Ajax News.

I’m a big fan of all the 3D imaging tools in development around the net. Microsoft’s Photosynth project is clearly the most ambitious - it takes thousands of photographs of a geographic area and constructs a 3D model that the viewer can “fly” around and view.

Tonight they are pushing a new 3D model - coverage of the Space Shuttle Endeavour on the launch pad at the Kennedy Space Center in Florida before launch. If you are on a Windows machine only, you can view it here. Click and drag the mouse, zoom in and out, etc.

There are other interesting projects as well - see our coverage of Everyscape, Fotowhoosh and VisualSize. See also Microsoft Street Side and Virtual Earth as well as similar efforts from Google, which should eventually incorporate a lot of this stuff into one big interactive virtual world.

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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/141075794/

Prosper’s P2P Lending Spreads To Asia

Written by on Sunday, August 5th, 2007 in Ajax News.

Peer to peer lending startup, Prosper, is expanding operations to Japan and other Asian countries as a shared partnership with Tokyo-based SBI Holdings, Inc. SBI will be helping prosper navigate the navigate Asia’s regulatory environment. SBI Group has a market capitalization in excess of $8 billion and consists of 65 consolidated subsidiaries and 12 affiliated companies, including 9 public companies.

Prosper handles loans of up to $25,000 (the average funded loan is $5,000), broken into smaller loans to distribute risk. Money for the loan is then supplied by Prosper lenders bidding for the most attractive interest rates. Prosper earns revenue by taking 1% of the loan amount in fees from the borrower up front, and charging a 0.5% yearly loan maintenance fee to lenders. Prosper currently has over $79 million in funded loans and more than 380,000 members. So far it appears a lot of those members are logging on to pay off credit card debt at a lower rate. Prosper’s backer, Benchmark, has also invested in another P2P lender, Zopa.

It’s ironic to see these peer to peer lending startups expanding at same moment domestic markets are reeling from the collapse of the sub prime lending market sends waves through the mortgage market. Similarly, these startups will be sink or swim based on their ability to effectively manage risk.

Prosper is managing risk by encouraging transparency, automatically deducting monthly loan payments, and tracking reputations. Borrowing groups are another risk management tool, both helping first time borrowers get some initial credibility (and lower rates) while encouraging the network to police itself by tying together their reputations.

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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/141075795/

Fake Steve Jobs = Daniel Lyons

Written by on Sunday, August 5th, 2007 in Ajax News.

fakestevejobs.pngThe New York Times have spoiled the fun: Fake Steve Jobs has been outed as Daniel Lyons, a senior editor at Forbes.

Since August 2006 Fake Steve Jobs has become a must read in the Valley and beyond. Lyon’s acerbic wit coupled with continuing Apple related headlines created a blog that not only Steve Jobs and Bill Gates both admit to reading, but one where Bill Gates himself denied being the author of at the All Things Digital conference.

Half of the fun related to the blog has been not knowing who the author was. The Fake Steve guessing game became nearly a sport on certain blogs, and a number of people have been outed previously as being Fake Steve.

Lyons said in a statement on the Fake Steve Jobs blog:

Now you’ve ruined the mystery of Fake Steve, robbing thousands of people around the world of their sense of childlike wonder. Hope you feel good about yourself, you mangina. One bright side is that at least I was busted by the Times and not Valleywag.

He goes on to state that the site will be back after a break with a new sponsor.

One has to wonder though whether Lyons can continue to draw the same attention and traffic for the site now that his real identity has been exposed.

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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/141072381/

One of the things that makes me very happy: receiving a confidential document in my email from a trusted source. It could be a merger agreement. Or an internal executive-only email memo. Or a powerpoint pitch for a new product. Whatever it is, if the people who created it don’t want the world to see it, there’s a good chance it will make a great post.

For years lawyers and accountants have said that they specially mark each document sent to individuals, making it unique and trackable. If a document gets forwarded outside of the group, a quick analysis of the unique marking can tell you which individual forwarded it. In theory its a great system, but it is a manual process, and extremely time consuming to coordinate and keep track of all the changes. Because of the difficulty in making and tracking unique documents, most of the time that someone said documents were unique they actually weren’t; people relied on the fear factor and hoped the docs would be kept confidential.

Bad news (for me): creating and tracking these documents now just got a whole lot easier, and forwarding them more dangerous. New startup Orbious will make the entire process as easy as hitting a couple of keys via a downloaded client for word processing and email applications. It uses a thesaurus to create unique versions of the document fore every recipient, and then keeps track of who got what. Here’s an example:

Consider the following sentence taken from a confidential circular that was distributed to staff during a very public and aggressive company takeover (a hypothetical but plausible situation):

Salaries will be paid as usual on the 15 of September.

Using DocTracker, the following alternative sentences would be generated to form part of the “signature” for distribution of this circular:

Salaries will remain paid as usual on the 15 of September.
Salaries will be paid like usual on the 15 of September.
Salaries will be paid as expected on the 15 of September.
Salaries will be paid as normal on the 15 of September.

With only the above information, mappings could be formed for up to 5 recipients and the circular is then able to be tracked indefinitely. The mapping process remains confidential (i.e. the recipient need not know that his/her document was modified).

Orbious is in private beta, sign up on the home page to get access.

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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/141015666/

ClickTale explores further heatmap analytics

Written by on Sunday, August 5th, 2007 in Ajax News.

About a year ago we were announcing the birth of Clicktale, an Israeli based startup that provides a new generation of web analytics service based on the analysis of recorded video sessions of your users once they land on your website. Clicktale has been patiently working on their service and invited to a few users in private beta. In the meantime a few competitors have released comparable services among which RobotReplay and TapeFailure.

Tomorrow, Monday 6th of August, Clicktale will open its new service to the public with a new series of useful features. One of our expectations when we first reviewed Clicktale was the possibility of producing reports of aggregated data out of those hundreds or thousands of video user sessions. Individual sessions won’t help website owners and marketers because they are not representative and cannot trigger decisions to optimize your website. And Clicktale might have found the right way to process all that information in a useful and action-oriented way.

They are releasing a new generation of Heatmap that displays smart data of dynamic users behaviours and their interactions with clickable items. They call it ‘link analytics’ and web site owners will be able to access a series of new metrics to better understand how using are interacting:

  • “Hovers over Links” indicates the number of mouse hovers over a link, which tells how attractive a link is to a visitor, but not necessarily attractive enough for a click.
  • “Hovers to Clicks” is the portion of mouse hovers that eventually convert into mouse clicks.
  • “Hesitation” is the average time from beginning of a mouse hover to the mouse click.
  • “Hover Time” is the average time mouse hovers over a link, indicating visitor interest level.
  • “Time to Click” is the average time between the moment a page has been loaded and the moment a link is clicked. This helps understanding which links are most attractive.

Here are a a few examples on how those metrics are presented. To my knowledge this is a unique set of data (feel free to indicate alternatives if any). In addition Clicktale provides several scrolling heatmaps released a few months ago that help understand better user attention and browsing behaviour.

One important aspect that is missing for me is the possibility to combine all that rich data with the demograhics of the users which would help understand better the differences of behaviours depending on the age group, or gender. This will probably be hard to implement since the tracking is web site centric (you need to install a small script on your site) and users are unknown to Clicktale. Maybe an enterprise solution could help getting there.

Clicktale will be free of charge for a package of a 100 pages recorded per week which should be enough for small websites or blogs. But if you are aiming at more significant data you will need to subscribe to one of the premium packages which go up to 99 dollars per month for 1000 recording per day. I wonder if even the largest offer provides enough critical size for big websites (this is why they offer extra recording sessions and customized service for large accounts i guess). But this innovative service will certainly interest the long tail of the market and maybe more.

CrazyEgg and ClickDensity previously covered on TechCrunch offer complementary heatmap services.

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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/140848887/

Virtual World Hangouts: So Many To Choose From

Written by on Sunday, August 5th, 2007 in Ajax News.

The avatars roaming many online virtual communities may be cartoonish and their activities inconsequential, but the recent sale of Club Penguin to Disney for $350 million (with $350 million in earn out) demonstrates that the business of casual immersive worlds, or virtual hangouts, is not entirely child’s play.

Virtual hangouts are where people can engage each other using imaginary characters in imaginary environments. They have been around and popular in Europe and Asia for years. However, they appear to be gaining traction in the United States as of late. Some commentators even believe that the type of experience provided by these destinations could very well become integral to the forthcoming Web 3.0 era.

The newly released MultiVerse platform, which is designed for the creation of online 3D worlds, certainly anticipates a future in which developers demand the tools necessary to build niche virtual communities because such communities have gone mainstream.

Currently, virtual hangouts differentiate themselves by targeting particular audiences and providing certain types of immersive experiences.

Destinations such as Club Penguin and Barbie Girls cater to children and pre-teenagers with their simple user interfaces, basic games, and cartoon graphics. Other immersive worlds such as Second Life and Habbo Hotel shoot for a broader audience by providing more advanced chat capabilities, more realistic simulations of reality, and tools to design objects and surroundings. Then there is Red Light Center (NSFW), which targets mature adults to give them an altogether more explicit breed of entertainment.

The worlds meant for children are designed with a concern for the safety and security of their users. Webkinz, for example, only lets users chat with a preselected assortment of phrases so no one can say anything inappropriate or share personal information. The services meant for general audiences lack such restrictions and theoretically can be enjoyed by all types of people, although this freedom often translates into behavior that would be utterly inappropriate for children. Second Life, for example, does not explicitly promote adult behavior but has become notorious for it nonetheless. Embracing the more voluptuous side of human behavior, services like Red Light Center are professedly all adult, all the time and encourage users to participate in explicit behavior.

Virtual hangouts range not only in the audiences they target but also in the level of immersion they provide. Some, such as Second Life and Active Worlds, put you in 3D-rendered environments with first person points of view in an attempt to approximate virtual reality. Others, such as Gaia (“the world’s fastest growing online world hangout for teens”) and Barbie Girls, use sprites (two-dimensional pre-rendered figures) to provide a bird’s-eye view of characters moving around in largely static settings. Even further down the immersion scale, the “worlds” of certain services such as Cyworld and Neopets are produced simply using HTML images and Flash animations.

Hangouts intended for younger audiences are generally less immersive than those meant for more mature audiences. Perhaps the only reason for this lies in a child’s inability to navigate more complex simulated worlds. However, children and pre-teenagers may also get something entirely different out of virtual hangouts than adults. While adults are presumably drawn to these services because they provide the opportunity for escapism, younger audiences may treat these products as interactive cartoons and toys. Thus, while all of these services provide a similar opportunity to hang out virtually, they may possess fundamentally distinct appeals for different demographics. The variety in immersion levels will probably continue to reflect these differences.

The chart in this post provides a basic comparison of these services to convey the range of virtual hangouts that currently exists. It should be noted that we tried to draw a distinction between online worlds where people hang out and worlds where people play role playing games, as is the case with World of Warcraft and Entropia Universe.

The following services are included in the chart:

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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/140834571/



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