Archive for May 10th, 2008

Women Entrepreneurs Pitch Their Companies at Stanford

Written by on Saturday, May 10th, 2008 in Ajax News.

Women 2.0 held its second pitch event today on the kempt grounds of the Stanford Golf Course Grill. It was a chance for five private tech companies with at least 50% female ownership to compete for a prize suite of business services collectively worth $15,000, plus a chance to meet with Esther Dyson.

The five finalists - Koollage, Gaiagy, Skillshop, Webvet, and Passive Devices - were chosen by 20 professional investors out of a pool of over 125 submissions. They each had 10 minutes to pitch their companies to attendees and a panel of 9 judges, after which the judges picked an overall winner and the crowd voted for a People’s Choice winner.

Koollage took home the main prize with its mashup service that focuses on delivering content to mobile devices, and the iPhone in particular. Users can create widgets called “pods” that mix different types of digital media such as video, images, and search results. These pods will be marketed primarily to bloggers who want to get their content and related media onto mobile devices. A freemium pricing scheme will provide two options: a free version with a revenue split on ads, and a paid version with no imposed advertising. Tumblr is said to be the closest non-mobile competitor.

People’s Choice winner Gaiagy will give building owners (both individuals and businesses) personal recommendations for how they can most economically make their operations more “green”. The site will focus on three primary areas: space heating and cooling, water heating, and lighting, with a beta version of the lighting tool slated for launch at the end of the summer. Gaiagy will not only recommend building products that can be bought directly online, but it will also rate and refer the installers who are needed for many eco-friendly upgrades. A second version of the service with recommendation tools for 6 products will be launched by 2009.

Of the three other presenting companies, WebVet was the most promising web service. The site aims to be “WebMD for pets” - a place where people can find professionally produced and organized information about animal health issues. The company will license content from industry experts as well as employ 25 writers. While people often use WebMD for self-diagnosis, Webvet wants to avoid the fate of attracting visitors only when their pets are sick, so it will provide additional content relevant to pet ownership such as human interest stories and breaking news.

Crunch Network: MobileCrunch Mobile Gadgets and Applications, Delivered Daily.

Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/287855397/

blackberry-9000-2.png

The platform wars are going mobile. Whether it’s the iPhone, Blackberry,Android or Windows Mobile, the mobile platform that will win in the end will be the one with the best and broadest collection of applications. To give developers a little extra financial motivation, funds are being set up to invest in them. Google announced a $10 million Android challenge back in November, and Kleiner Perkins announced its $100 million iFund for iPhone-only startups in March. Now, it looks like Research in Motion is about to announce its own $150 million Blackberry Partners Fund (site not up yet) to spur applications and services for its mobile device.

At least, that is what VentureBeat reports in an item that appeared in its feed, but has since been pulled from the site (see headline here). According to that post (excerpt):

Research In Motion, the RBC and Thomson Reuters have invested in an $150 million venture investment fund, called the BlackBerry Partners Fund, to support developers of applications running primarily on the Blackberry.

The announcement will be made in Orlando at a convention on Monday.

The venture firm backing the fund is Canada’s JLA Ventures, a Montreal and Toronto firm active in mobile. That firm will co-manage the investing process, together with the investment group of Canada’s largest bank, RBC Venture Partners. RIM, RBC and Thomson are anchor investors in the fund. Jim Balsillie, Co-CEO, Research In Motion, is on the advisory board of JLA Ventures.

The fund will focus on Blackberry apps, but will also be free to to invest in startups that develop for other mobile platforms as well. That’s smart because no startup should restrict itself to just one device.

But doesn’t it seem like everyone thinks they need to dangle money in front of startups to attract them to their platform these days? (See also the fbFund for Facebook startups and and the MySpace incubator spinoff Slingshot Labs). What ever happened to simply building the best damn platform in the world and letting the app developers come to you because that’s where all the users are?

Crunch Network: MobileCrunch Mobile Gadgets and Applications, Delivered Daily.

Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/287797294/

How to make a music video

Written by on Saturday, May 10th, 2008 in Ajax News.

Source: Signal vs. Noise
Original Article: http://www.37signals.com/svn/posts/1020-how-to-make-a-music-video

Powerset’s Dilemma: Go For It, Or Sell

Written by on Saturday, May 10th, 2008 in Ajax News.

San Francisco based search startup Powerset will be launching shortly. For now, Powerset will query only Wikipedia and Freebase. But as I said when the product was demo’d to me a few weeks ago, it is compelling nonetheless: “When I tested the service I had something very similar to the “Aha!” feeling that ran through me the first time I ever used Google. In short, it is an evolutionary, and possibly revolutionary, step forward in search.”

But now the company may have to make a hard decision: sell now to one of the big Internet players looking for a point of differentiation in search, or take the risk of going it alone and possibly getting a huge, multi-billion dollar payoff down the road.

According to our sources, Powerset is exploring both options. They hired Dave Wehner, a Managing Director at investment bank Allen & Co. (he’s the guy who sold Bebo for $850 million to AOL, and is working on LinkedIn’s huge financing), to represent them in a possible sale or financing.

CNET is reporting today that Microsoft may be bidding for the company. According to our sources, those discussions have been going on for well over a month, and their most recent bid is “around $100 million.”

That probably won’t be enough to convince Powerset and their investors to sell. The big question is whether Google will step in to try and keep Powerset out of Microsoft’s hands, and start a real bidding war. That could drive the price significantly higher. Google, however, has publicly dismissed the notion of contextual search as a revolutionary step forward.

Whether that’s true or not is yet to be seen. But Powerset may find itself as a valuable chess piece in the emerging search war between Google and Microsoft. And if Google bets wrong, they could find their commanding lead in search eroded over time. A relatively small acquisition to keep Powerset out of Microsoft’s hands, even if just a hedging move, may suddenly be attractive to them.

Crunch Network: CrunchBoard because it’s time for you to find a new Job2.0

Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/287645689/

Facebook Raises Another $100 Million

Written by on Saturday, May 10th, 2008 in Ajax News.

Facebook is raising $100 million in debt, reports VentureBeat and Business Week. bringing their total capital raised to nearly half a billion dollars.

This most recent round will be used to scale the service via another 50,000 or so servers. Facebook now has over 70 million active users and around 109 milliion monthly visitors, and the site is at times very slow.

Compare that to Google, which operates at least a million servers (and is adding 500,000 per year, says Business Week), and Microsoft, which is adding 200,000 servers per year.

Crunch Network: CrunchBoard because it’s time for you to find a new Job2.0

Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/287542036/

Don’t they say good things come in threes? Well, regardless, we’ve heard from multiple sources that Google will launch a new product on Monday called “Friend Connect,” which will be a set of APIs for Open Social participants to pull profile information from social networks into third party websites.

MySpace launched Data Availability on Thursday, a competing product. Yesterday, in a suspiciously timed pre-release announcement, we heard about Facebook Connect, another similar product (with a nearly identical name to Google’s Friend Connect).

Like Data Availability and Facebook Connect, Google’s Friend Connect will be a way to securely send personal profile data, including friend lists, presence/status information, etc., to third party applications, say our sources. The primary benefit of these services is to allow users to maintain a single friends list and to coordinate social activities across different sites that perform different services. See my post on the Centralized Me for more of my thoughts on this.

The reason these companies are are rushing to get products out the door is because whoever is a player in this space is likely to control user data over the long run. If users don’t have to put profile and friend information into multiple sites, they will gravitate towards one site that they identify with, and then allow other sites to access that data. The desire to own user identities over the long run is also causing the big Internet companies, in my opinion, to rush to become OpenID issuers (but not relying parties).

If what we hear is correct, Google’s offering may not be as attractive as MySpace’s and Facebook’s. Google may be keeping a tighter reign on data, requiring third parties to show it directly from Google’s servers in an iframe. By contract, MySpace and Facebook are sending data via an API and trusting third parties not to abuse it (with strict terms of service in case they violate that trust). That flexibility also allows those third parties to do more with the data, including combining it with their own data before displaying it.

We’ll have to wait until Monday for the exact details, though. But what’s clear is that Google wants to get in between social networks and the web sites that want to access their data. By controlling the flow through Open Social and the new Friend Connect product, they can effectively become a huge social network without actually having a, well, social network (unless you count Orkut).

Google’s been scrambling for partners to announce on Monday as well. So far our understanding is they have their own Orkut and Plaxo. Compare that to MySpace (Yahoo, eBay and Twitter, plus their own PhotoBucket) and Facebook, which announced Digg as an early partner.

Another limiting factor with Google’s product is that, unlike Facebook and MySpace, they do not already control user profiles for tens of millions of active users. That means they’ll quickly need to get big partners on board as well. Will MySpace help them? They may - MySpace is already part of Open Social and said on Thursday that they will adopt Open Social initiatives in this space once they are defined. We’ll see.

More details as they come in.

Crunch Network: CrunchBoard because it’s time for you to find a new Job2.0

Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/287313237/



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