Category Archives: Funding

The modern Boo.com and pets.com

Just like their ancestors Boo.com and pets.com during the dot com boom times companies like Geosign and Capazoo have also spent huge amounts of money in no time and reached nothing but grand failures. But unlike those dot com stars from the past, which at least had serious business models, their modern equivalents from the web 2.0 times can barely be called real businesses.

Under no doubt the most prominent case from the past days is the $160M funding GeoSign took last year and spent in less than a year going belly up. The major lesson learned here is that the click/search arbitrage is dead. If you don’t believe us take a look at GeoSign today. Let’s put it that way Google killed them, and for reason. Given the amount of money flowing to Google, most in Geosign thought the search engine would turn a blind eye, but as it turned out Google is more concerned for its legitimate advertisers and that users would lose interest and faith in the online ad system, if more practices like the one GeoSign kept on exploiting spread across the web than earning several millions of companies like GeoSign.

The media and the bloggers called it that way: “A record $160-million VC investment. A rich Web strategy. A quirky founder. For a few weeks last spring, Guelph, Ont.’s Geosign had it all. Then mighty Google stirred. And it was over.” Now one understands why this company was so quiet over the past year despite the fact it took what is called the biggest ever venture capital funding for a technology company based in Canada.

What is anyway click/search arbitrage?

Essentially, search arbitrage involves an individual or company buying Internet traffic through the acquisition of keywords from Google, then sending viewers who click on the ad links to a site (“landing page” in Google terminology) that appears to have content, but is actually just full of online advertising linked to the original search term. Anyone clicking an ad link there makes money for the keyword holder. For example, a company might bid for the Google rights to the phrase “small town car sales” and send traffic to a website it controls, filled with more car advertisements, called “Alltheautomotive.com.” The keyword cost only 20¢, while a click on the advertising on the website might yield $1.50 return. According to Niki Scevak, an analyst at Jupiter Research in New York, the majority of those initially involved in search arbitrage were small players. “These were guys running search arbitrage out of their basements, making maybe $20,000 a month,” he says.

One of them, it seems, was Geosign. Former Geosign insiders who spoke on the condition of anonymity confirm that the possibility of a big payoff in search arbitrage caught Nye’s attention after he created Geosign. What’s more, he envisioned a network of thousands of websites all automated by software linking keywords to pages filled with ads, returning millions in cash in the process.

By 2005 that was exactly what was happening. Nye crafted a maze of Internet sites that included tens of thousands of Web pages and bought up even more keywords from Google. By connecting the keywords and the websites, Geosign was indeed generating more than $100 million in annual revenue and was extremely profitable. To put a value on the company at this time, analyst Scevak points to Marchex Inc., a publicly traded company in Seattle, Wash., with a comparable business model. At its peak in 2006, Marchex had a market capitalization of US$500 million.

The change in atmosphere had everything to do with measures that Google was taking to rein in those doing search arbitrage. This action was a response to two main concerns. First, that the practice was becoming so widespread, it was hurting legitimate advertisers by artificially inflating keyword prices. And second, that if too many keyword-targeted ad links only took users to pages filled with other ads, that users would lose interest and faith in the online ad system. Obviously, with advertising revenue being the key to Google’s finances, it had to respond. It did so by expanding the terms of service for its AdSense program (published on its website) to place greater restrictions on the way links could be used and by spelling out detailed landing page and site quality guidelines. A top priority there: relevant and original content. By these standards, a landing page full of ads is inadequate – as this text in its current guideline explains: “Provide substantial information. If your ad does link to a page consisting mostly of ads or general search results (such as a directory or catalog page), provide additional, unique content.” Since most companies doing search arbitrage bought both their keywords and landing page ads through Google, it was easy for the company to isolate and monitor them. Non-compliant parties risked being banned from the AdSense program. A simpler tactic, however, saw Google target those abusing the process, raising their fees and making it too costly to continue.

The end came suddenly, well before GeoSign to change the direction of its business. Google had started to look more closely at companies like Geosign, which were buying keywords from Google and ad links from Yahoo! or another provider. And soon Geosign got word that Google would now begin penalizing its Web pages that had “a low landing page quality score” – that is, lots of ads and little or no original content. While Google won’t comment specifically about Geosign, sources say it raised the prices it charged Geosign for keywords overnight. “When Google ‘shuts you down,’ that isn’t exactly what they do,” explains Jupiter’s Scevak. “Instead, what they do is start charging you $50 for what they were charging 10¢ for previously. They make the model financially unfeasible.”

GeoSign’s website is already taken down and is no longer publicly accessible.

The second popular crash down case from the last week is the one of Capazoo.

Capazoo is also based in Canada and is labeled a social networking site. The site has taken $25M in several rounds to date, which as it seems, have also been spent over the past 12 months before the company’s failure. But this is not the only interesting thing  in the story. After firing most of its staff leaving only one sysadmin to keep the site alive and put its offices up for rent some more horrible stories from ex-employees appeared publicly.

It seems that the brothers Michel Verville and Luc Verville (the company’s founders) have had fighting in court for control over the company. Another rumor goes that that the brothers embezzled money from the company. Simply put the guys were taking commissions in the 10% range from all money invested in their company. Capazoo’s $25 million was initially listed as only being “private funding” but more recently National Lampoon became an investor.

Techcrunch has some insider information as listed below:

They did the first round ($8 million) at $72 million pre-money from a bunch of athletes and non-sophisticated angels at $100k-$200k chunks. Most of them didn’t know that management was taking 10% commission themselves (despite owning all the common shares) for all funds raised.

They then raised another $5-10 million (conflicting rumors) at a $132 million pre-money, while still taking commissions. The two brothers took almost $2 million out of the company before reaching more then 10K users and ballooned the staff to 130 staff before starting to do layoffs.

Capazoo’s site is still alive as we last checked it out but for how long one sysadmin can keep it that way?

Well, compared to the 2 cases from above the next one seems relatively small, yet it worth mentioning due to the fact that it seems the founder of that company Lee Wilkins did not pay his employees from Bulgarian, Romania and Russia.

The company name is MyKinda and was a blog network focused on the Eastern European market covering various topics like politics, entertainment, business, among other topics. 

The network is said to have launched just last September and today they are already out of business. Lee Wilkins said the shutdown is temporary to ensure that money due to writers doesn’t continue to add up. The sites will remain down until, he says, “we redefine a more profitable sustainable business model.” The company had total expenses of about €319,000, with no advertising revenue to offset it. Lee Wilkins capitalized the company with €175,000, leaving €144,000 or so in unpaid debts.

Today was the first day in several years where the failure stories were more than the funding deals. In fact we bookmarked 3 funding deals for today so it appears the number is equal.

More

http://www.geosign.com/
http://www.capazoo.com/
http://www.mykinda.com/
http://www.techcrunch.com/2008/03/18/how-geosign-blew-160-million/
http://www.financialpost.com/magazine/story.html?id=324817
http://seoblackhat.com/2008/03/18/they-were-flyin-high-then-google-stirred/
http://www.techcrunch.com/2008/03/19/capazoo-blows-25-million-heading-to-the-deadpool/
http://www.techcrunch.com/2008/02/29/blog-network-mykinda-to-shut-down-today/
http://www.techcrunch.com/2007/12/18/national-lampoon-takes-stake-in-capazoo/
http://www.techcrunch.com/2007/12/10/capazoo-wants-to-pay-you-for-your-social-networking-time/
http://www.canada.com/montrealgazette/news/business/story.html?id=474dae19-551c-4460-9359-328c570fc36c
http://montrealtechwatch.com/2008/03/19/capazoo-lays-off-60-shops-itself/
http://communities.canada.com/MONTREALGAZETTE/blogs/tech/archive/2008/03/18/r-i-p-capazoo.aspx
http://www.techcrunch.com/2007/11/05/mykinda-blog-network-for-eastern-europe-launches-amid-serious-drama/

Meebo tries to raise $25M in return of only 10% equity valuing the company at the whopping $250M

Meebo is a popular and rapidly growing web based instant messaging start up that was backed up by Sequoia Capital and is said to have roughly 4.6M unique visitors per month according to comScore’s publicly available stats. That’s valuing each of their visitors at the $54 mark, which is significantly more than what AOL has just recently paid for each of Bebo’s 22M visitors – $39 according our simple math. Many industry experts, commentators and bloggers have expressed their negative feelings about the potential deal and more concrete about its pre-money valuation. Anyone remember Slide and their pre-money valuation of $500M? Yet it was said then they had over 150M or so users worldwide, which, if true, valued their users at the $3 range.  

Some analysts have even compared the deal’s value to the Bear Stearns one, which has just sold out for “only” $236M.

There is however something most of the technology blogs seem to have overlooked. Joshua Beil from Level 3 Communications has commented on one of the tech blogs that Meebo’s per user valuation could change quite substantially if one takes into account their unique visitors of the MeeboMe rooms widget. I’ve seen, he says, numbers in the 10-14M range and counting for just this application. Factor this in to the 4.6M uniques to Meebo.com and it’s at a discount to Bebo. We have no idea where he does take his numbers and what his affiliation with the company is, but if we take those numbers for real the $250M valuation does not sound ridicules anymore. In addition to that Venturebeat reports that Meebo has attracted 29 million monthly unique users worldwide, but they also say that some investors remain quite skeptical about Meebo and their business model. We have no clear idea where Venturebeat has come to that number of visitors.

The rumor is that Meebo has hired Montgomery & Co. to represent them in a new fundraising round that may value the company at a $250M. An interesting competition is forming on the scene there between Montgomery & Co. and Allen & Co., which is lately the investment bank behind pretty much all hot start ups that sold (got funded) or about to for hefty amounts (hefty valuations) in the valley such as Digg, Bebo, Slide, Technorati, among others.

What is also being said is that the company is looking to raise $25-30M in venture funding and if the valuation numbers are taken for real it means the VCs will take no more than 10% from Meebo. This is a whole lot more than the $60-70M that it was reportedly worth after a funding round last year.

Some big names in the social-networking space like Facebook and News Corp.’s MySpace.com are rumored to may possibly be interested in the deal. MySpace operates its own instant-messaging service, and Facebook is rumored to have one in the pipeline.

Montgomery and Co. has requested that all offers be in by Wednesday, and has told investors it has several parties interested at a valuation of $200M. The rumor goes here that at least one of the strategic investors isn’t interested in sharing the investment, preferring instead to buy Meebo entirely.

More about Meebo

Meebo launched in September 2005 and received funding from Sequoia Capital in December 2005 and Draper Fisher Jurvetson in January 2007. Today, Meebo’s users exchange over 100 million instant messages daily.In early 2007, Meebo gets another $9 million from Draper Fisher Jurvetson and Sequoia Capital. Skype’s lead investor and YouTube’s lead investor are teaming up. Tim Draper, one of the early investors in Skype, did the deal for DFJ. Meebo’s total funding is now $12.5 million.

More about Montgomery & Co.

Montgomery and Co. was founded in 1986 with a vision of providing strategic capital-formation advisory services to leading aerospace, defense and related technology companies.

Montgomery & Co. took advantage of the technology downturn and consolidation in the banking industry in 2000 to establish its reputation as the “go to” bank for growth companies that wished to evaluate their strategic options and raise capital. In doing so, Montgomery & Co. fulfilled its initial vision of providing a range of advisory services that encompassed M&A, private placements, comprehensive business-development analyses, and other value-added services.

In 2002 the firm was strengthened by investments from the world’s biggest bank, Mitsubishi UFJ, and West River Capital, of Seattle, WA. In 2003 the firm opened offices in Seattle, San Francisco and San Diego. At that time, the firm also significantly expanded its banking expertise within the healthcare and media industries, especially in the M&A practice.

In 2005, the firm was further strengthened by an investment from Tudor Investments which is the venture capital and private equity arm of Tudor Investment Corporation, an internationally recognized diversified investment management firm with $11.7 billion in assets.

More

http://www.meebo.com/
http://blog.meebo.com/about
http://www.monty.com/
http://venturebeat.com/2008/03/17/meebo-raising-round-valued-up-to-250-million-bear-stearns-sold-for-236-million/
http://www.webware.com/8301-1_109-9896718-2.html?part=rss&tag=feed&subj=Webware
http://www.techcrunch.com/2008/03/18/is-meebo-worth-half-a-slide/
http://venturebeat.com/2007/01/18/im-service-meebo-growing-quickly-raises-more-cash/
http://www.techcrunch.com/2005/12/16/meebo-confirms-sequoia-funding/
https://web2innovations.com/money/2007/11/22/meebo-received-funding-from-sequoia-capital/
http://blog.meebo.com/?p=78
http://venturebeat.com/2006/08/02/meebome-lets-you-chat-directly-from-any-homepage/
http://venturebeat.com/2007/01/10/web-20-shakeout-continued-whats-up-at-insider-pages-meebo-others/
http://www.crunchbase.com/company/meebo
http://www.techmeme.com/080318/p7#a080318p7
http://quantcast.com/meebo.com
http://siteanalytics.compete.com/meebo.com?metric=uv
https://web2innovations.com/money/2008/03/14/22m-uniques-mo-site-bebo-goes-to-aol-for-850m-in-all-cash-deal/
http://www.techcrunch.com/2008/01/18/slide-gets-their-huge-valuation-and-raises-50-million/
http://www.crunchbase.com/financial-organization/montgomery-co
http://venturebeat.com/2007/12/06/meebo-partners-with-videoegg-to-help-app-developers-make-more-money/

If your business is impacted by the weather WeatherBill might be a good solution for you

An interesting start-up that we have on our long list with funding deals here is under no doubt WeatherBill.

The San Francisco based WeatherBill started their service, which lets you cover your business from potential losses that might occur due to bad weather conditions, in early 2007 with a bunch of famous private and institutional investors among which are New Enterprise Associates and Index Ventures, as well as a number of well known individuals: del.icio.us founder Joshua Schachter, Skype founder Niklas Zennstrom (through his Atomico venture firm) and Howard Morgan (idealab and First Round Capital), Krishna Kolluri, Neil Rimer and Barney Schauble. The secretive investment firm Allen & Co., which has just helped Bebo sells for $850M to AOL, is among the investors in WeatherBill.

WeatherBill was founded by former Googlers David Friedberg and Siraj Khaliq.

In late 2007 WeatherBill took its series B round of funding in the $12.5M range, which brought the company’s total funding to date at $16.5M. By that time CEO David Friedberg said that Weatherbill has hundreds of customers and faces such high demand that it needs to bring more people aboard to increase capacity.

Essentially WeatherBill is a hybrid between ecommerce site and a complex weather forecasting algorithm to sell weather insurance policies to individuals and businesses. WeatherBill offers custom weather contracts to protect businesses from financial loss caused by bad weather and provides tools to increase revenues through weather-related marketing promotions.

Users select a weather station via a Google Maps mash-up and choose the weather conditions they want to protect against. These options include temperature and precipitation level, and the specific parameters can be selected by the user.

WeatherBill hedges its own risk via its weather algorithm and partnership with a large hedge fund.

Aside US, WeatherBill offers its services to in the following countries too Canada, the UK, the Netherlands, Spain, Germany and Norway.

WeatherBill contracts are legal financial instruments with eligibility requirements. It is meant for businesses and to be eligible you basically need to have 1) commodity pool – total assets exceeding $5,000,000; 2) corporation, partnership, proprietorship, organization, trust, or other entity that has total assets exceeding $10,000,000; or if it is an individual  – has a net worth exceeding $1,000,000.

Their financial risk partner, Nephila Capital Ltd., is one of the world’s largest and most respected weather risk and catastrophe reinsurance fund managers, with over $2 billion in capital.

More about WeatherBill

WeatherBill is the first service to provide affordable and easy-to-use weather coverage to protect revenue and control costs for the millions of businesses impacted by the weather.

WeatherBill coverage is safe and reliable. There is no unnecessary paperwork, no claims process, no proof-of-loss and no waiting for payment. WeatherBill is the only service that enables customers to customize, price and buy weather coverage online in just minutes, and pays automatically when bad weather occurs.

In addition to weather coverage, WeatherBill provides free services for businesses affected by the weather. Our free weather correlation tools help individual businesses understand how weather impacts their financial performance. Our research reports provide insight into the ways weather affects all industries. We believe every business should understand how the weather affects demand, yields, costs, schedules and the bottom line. WeatherBill can provide the earnings protection critical to every weather sensitive business.

Their Investors

WeatherBill’s investor group is a forward-thinking base of recongized and respected institutions and individuals from Silicon Valley and Wall Street.
 
New Enterprise Associates (NEA) is a leading venture capital firm. Practicing classic venture capital for 28 years, NEA focuses on investments at all stages of a company’s development, from seed-stage through IPO. With approximately $8.5 billion in committed capital, NEA’s experienced management team has invested in over 500 companies.

Index Ventures is a leading European venture capital firm active in technology venture investing since 1996. The firm is dedicated to helping top entrepreneurial teams both in the Life Science and Information Technology sectors build their companies into market defining global leaders.
 
Atomico was started by Niklas Zennstrom and Janus Friis, co-founders of Skype, Joost, and Kazaa. The firm is a risk capital group comprised of entrepreneurs with a global perspective who invest their own capital in passionate entrepreneurs with powerful ideas.

Nephila Capital Ltd. is a leading fund manager specializing in the reinsurance industry with multiple investment vehicles dedicated to investing in instruments such as insurance-linked securities, catastrophe bonds, insurance swaps, and weather derivatives. The company has been managing institutional assets in this space since it was founded in 1998, with over $2 billion under management at the start of 2007.

First Round Capital is an early stage venture capital firm managed by Joshua Kopelman, Chris Fralic, Rob Hayes and Howard Morgan. The firm looks to partner with entrepreneurs to build innovative technology companies.

Allen & Company
Allen & Company is a boutique investment bank based in New York. The firm has become a premier investment house in the media, entertainment, and technology industries.

Sean Park
Sean was most recently Head of Digital Markets and Credit Flow products at Dresdner Kleinwort Wasserstein (DrKW). He is also Director of Markit Group and International Index Company. Sean is a renowned thought-leader and speaker on the future of digital markets. He actively maintains his blog, Park Paradigm.

Salman Ullah
Salman is the Vice President of Corporate Development at Google. He joined Google in the fall of 2004 and manages the team that is responsible for all of Google’s acquisitions and minority investments. Prior to Google he spent over seven years at Microsoft in several roles including General Manager of Corporate Strategy and Managing Director of Corporate Development. Earlier in his career, Salman was an Engagement Manager at McKinsey & Co. in Chicago where he spent four years. He was also a Post-Doctoral Research Fellow in physics at the University of Virginia and the University of Chicago. Salman has an undergraduate degree in Physics from the University of Oxford, and a Ph.D. in theoretical physics from Stanford University.

Joshua Schachter
Joshua Schachter is the creator of del.icio.us, creator of geoURL and co-creator of Memepool. Joshua’s popular del.icio.us website helped to popularize the use of tags on the web. In 2005, del.icio.us was acquired by Yahoo!, where Joshua currently remains. Prior to working full-time on del.icio.us, Joshua was a programmer in Morgan Stanley’s Equity Trading Lab.

Our other individual investors are notable leaders at major Silicon Valley and Wall Street firms.

More

http://www.weatherbill.com/
http://www.weatherbill.com/about/blog
https://www.weatherbill.com/tools
http://www.techcrunch.com/2007/10/17/an-interesting-bet-weatherbill-takes-125-million-series-b/
http://atomicoinvestments.com/
http://www.techcrunch.com/2007/01/02/use-weatherbill-to-bet-on-the-weather/
http://www.techcrunch.com/2007/01/15/weatherbill-launches-announces-all-star-investors/
http://www.crunchbase.com/company/weatherbill
http://www.crunchbase.com/person/david-friedberg
http://www.nephilacapital.com/
http://www.parkparadigm.com/
http://www.nea.com/
http://www.indexventures.com/

Jivox, yet another video ad network, has raised $2.7M

The funding was led by Opus Capital and also includes investments from individual investors including Jivox founder Diaz Nesamoney. The funds will be used to continue development of the Jivox online video advertising platform, as well as to expand the company’s sales and marketing efforts. No other names of private investors are publicly disclosed.

Jivox is a web-based video advertising service enabling businesses to better communicate their products and services to a micro-targeted audience in a more customized, relevant way than most traditional mass advertising methods, and internet banners and search engines. Jivox is headquartered in San Mateo, California with offices in Bangalore and Delhi in India.

Jivox in a way looks similar to SpotRunner with their pre-made ads for the TV and cable networks, but is being said to be way cheaper than them.

There’s absolutely no cost associated with creating your ads with Jivox AdSlate. Once you create the ad you like to air, then you set your daily, weekly or monthly ad budget. There are no minimums on the budget you set. Just purchase the amount of highly targeted ad inventory as your budget allows rather than the large block purchases required for most video advertising today. You can change your budget at any time.

Jivox AdSlate will optimize your advertising spend by negotiating the lowest cost possible to air your ads with Jivox Video Network Partner sites and maximize your exposure. Jivox will automatically match your ads with the audience that is most likely to respond favorably to your campaign. The cost of airing your ads is typically between $10-$40 range for each 1000 views (CPM).

“To date, video advertising has only been accessible to the large brand advertisers due to the high costs of production and placement on TV. The explosive growth in online video content is creating an opportunity for mid-sized and local businesses to harness the power of the internet to reach consumers. Jivox is enabling mass adoption of an advertising medium that is much more engaging and effective than search and display advertising due to its visual impact,” said Diaz Nesamoney, founder and CEO of Jivox. “We’re very pleased that Opus Capital and our other investors also see the enormous potential of opening up this market to smaller advertisers.”

“By making online video advertising a possibility for more advertisers, Jivox will accelerate broader adoption of the medium,” said Gill Cogan, general partner, Opus Capital. “As an early investor in Informatica and Celequest, we have had a strong long-term relationship with Diaz, and I’ve seen first-hand how he has been able to turn an idea into a product, and then evolve the product to stay one step ahead of the changing needs of the market. We are looking forward to supporting Diaz and the Jivox team as they build Jivox into a successful business.”

The market

Video advertising is promising to be huge opportunity online and the sector is extremely competitive with new players entering every couple of weeks. Venture capitals also do think the online video advertising holds the chances to be the next big thing on Internet to bring billions of revenues in and are pouring big money into start-ups with the hope they come up to the groundbreaking technology that might shake the sector and make them the huge ROI.   

No matter what standard for video ads the sector might adopt – pre-roll ads, mid-roll adspost-roll ads, watermark ads, viral ads or overlay ads, the undisputed leader remains Google’s YouTube with its huge number of eyeballs. That’s why the smaller players are focusing not on the reach but on different approaches and technologies to more effectively serve, track and measure these video ads. The video ads are in their infancy on Web and there is plenty of room for innovation and growth and all those small start-up companies hold their good chances for success.

Some companies, as we know them, include BlackArrow, BrightRoll, XillianTVPodaddies, VMIX and MeeVee. BrightRoll video ad network itself has raises $5 Million while VMIX, yet another video network company has also raised a whopping amount of money $16.5M to expand its business. Other video advertising players include Revver, VideoEgg’s TheEggNetwork, ScanScout, Adap.tv, AdBrite’s InVideo platform, BroadRamp and Blinkx.

eMarketer predicts online video advertising to nearly double in 2008 to $1.3 billion, but no one’s really nailed a scalable ad platform for video. However, Google’s been quietly testing their own system and there are a bunch of other startups tackling it as well.

More about Jivox

Jivox is an exciting new online video advertising service that gives businesses that want to advertise on the Internet a better, personalized way to communicate their products and services to a micro-targeted audience. If your Internet advertising is not as effective as it used to be, or you are looking for a new way to get your message to your customers via rich visuals and video, Jivox can help.

Jivox helps you create, target and deliver professional video advertising on the Internet – going way beyond the search engine or banner ads – without spending a lot of time and money on producing your ad. Our proprietary technology helps you pinpoint your ads to the exact geographic, behavioral or demographic audiences you need to reach on the web. Here’s how: 

1. Create your own video ad
The Jivox AdSlate self-service video ad maker enables you to use our vast library of stock images, video clips and music to create your own ad or you can take your existing materials (such as a digital picture of your storefront, product shots, head shots, logos, etc.) and insert important information like your contact information, website, special discounts and promotions. See sample ads created with Jivox AdSlate Minutes later, you can be delivering your new ad on our extensive video network. See how it works.

Or, if you have an existing commercial you are using on Cable T.V., you can easily upload and use that to advertise on the Jivox Video Network. Or, let us build your ad for you.

2. Identify your target audience
Jivox delivers tailored, branded advertising to viewers based on their interests, enabling you to maximize your direct response opportunities. The Jivox Video Network delivers your video advertisement to your audience using geographic, demographic, behavioral and contextual intelligence.

Jivox has developed sophisticated algorithms that determine the best web sites and video content in which to serve your ad.

3. Define your budget and timing for your advertising campaign
Even if you have a limited budget, you can start your video ad campaign now with the Jivox Video Network. You can identify specific times of day, days of the week and other important choices or even run Time-of-Day/Day-of-Week ads on an introductory budget. Unlike most other forms of TV and web advertising, with Jivox, you only pay for ads that were actually viewed on a web site. More on Pricing.

The exclusive Jivox Ad Campaign Reports gives you advanced intelligence to optimize your advertising. You can then review the results to make intelligent decisions about how to improve or expand your media choices.

Jivox was founded in 2007 by Diaz Nesamoney, the visionary entrepreneur behind
Informatica (Nasdaq: INFA) and Celequest (acquired in 2007 by Cognos). Jivox aims to
bring the power of online video advertising to the mass market.

Management team

Diaz Nesamoney, Founder & CEO
Diaz Nesamoney founder of Jivox has had two prior successful ventures.  Before founding Jivox, he founded Celequest, raised over $20M in venture capital, and served as its CEO until early 2007, when the company was acquired by Cognos Corporation.  Celequest introduced the market’s first BI appliance, a disruptive innovation that led to its acquisition by Cognos. He was previously co-founder, President and Chief Operating Officer at Informatica (NASDAQ:INFA), which he took from a startup to a publicly traded company in 1999 with a market capitalization of over a billion dollars.  Informatica pioneered data integration software as a category and is now the market leader with over $400M in revenue. Diaz is a trustee of the American India Foundation, a leading international development organization charged with the mission of accelerating social and economic change in India. Diaz holds a Masters degree in Computer Science from the Birla Institute of Technology and Science in India.

Naren Nachiappan, Managing Director, Jivox India
Naren Nachiappan comes to Jivox from Wind River (NASDAQ:WIND), where as Vice President and General Manager, he was a part of the executive team responsible for reigniting growth and adding over $100 million to the top line in three years. Naren was directly responsible for taking the Device Management business from a concept to a multimillion-dollar revenue rate in under 9 quarters. At Wind River, Naren established the company’s first product development team in Bangalore, India, with a zero percent attrition rate through his three-year tenure. Earlier in his career, as CEO of Proceler and as Senior VP at VenturCom (acquired by Citrix), he was responsible for pioneering several industry innovations such as “the first support for automated application acceleration using hybrid SoCs” which resulted in Proceler’s nomination for the 2001 MPR Analysts choice award, and the first flight-essential certified UNIX for avionics applications on the Boeing 777. Naren graduated cum laude from Harvard University and holds an MBA from the UC Berkeley Haas School of Business.

Parth Chandra, Chief Architect
Parth has over 14 years of experience in the software industry in the field of Data Integration and Business Intelligence. Parth has worked most recently at Insights On-Demand, where he was the Chief Architect. Before Insights, he worked at Informatica (NASDAQ:INFA) as a Sr. Software Architect where he was part of the founding team that was responsible for software design and development of their market leading Data Integration products. Prior to Informatica he held software engineering positions at Citicorp Software and Neuron Data where he designed and implemented large scale financial transaction systems and cross platform development environments. Parth holds a degree in Mechanical Engineering from IIT Kanpur and an MBA degree from the Indian Institute of Management (IIM) Bangalore.

More about Opus Capital

Opus Capital Group is an alternative assets firm with more than $1 billion in committed capital under management. Since 1971, Opus Capital’s predecessor funds have invested in more than 350 companies spanning multiple industries.

More
 
http://www.jivox.com/
http://www.jivox.com/Jivox_funding_release_final.pdf
http://www.opuscapital.com/
http://mashable.com/2008/03/10/jivox/
http://www.thealarmclock.com/mt/archives/2007/05/jivox_stealth_m.html
http://www.paidcontent.org/entry/419-self-service-video-ad-provider-jivox-closes-27-million-seed-round/
http://venturebeat.com/2008/03/09/jivox-offers-simple-online-video-ads-for-small-businesses-raises-round/
http://www.redherring.com/Home/23889
https://web2innovations.com/money/2008/03/09/video-advertising-networks-are-hot-brightroll-gets-its-second-round-claims-it-already-served-over-1-billion-video-ads/

Video advertising networks are hot, Brightroll gets its second round, claims it already served over 1 Billion video ads

After having covered the video ad networks BlackArrow and YuMe Networks today we have discovered that yet another one called Brightroll has also recently closed its Series B funding taking $5M more. The round was led by existing investor True Ventures with Adams Street Partners and KPG Ventures as new participants. The first round’s amount is not publicly disclosed.

The company offers both pre-roll and mid-roll ads and Brightroll contextually matches the ads based on webpage information, site behavior and demographics. Assessing tags, profiles and data from ComScore, Brightroll aims to provide publishers and advertisers targeted ads, where the publishers need to do very little work to this end.

BrightRoll helps leading agencies, representing brands such as Walmart, Hewlett-Packard and Sony Pictures, launch and scale video campaigns across the industry’s leading publishers. The one-year-old start-up will use the capital to continue to grow its agency and publisher relationships, as well as accelerate product development.

“Video advertising is the future of online marketing and we are exclusively focused on simplifying the process of targeting, distributing and executing online video campaigns,” said Tod Sacerdoti, co-founder and CEO of BrightRoll. “BrightRoll provides efficiency and technology to agencies today and we will continue to expand our solutions for agencies and brands moving forward.”

“We increased our investment in BrightRoll because the company is the emerging leader in a revolutionary category,” said Jon Callaghan, a partner at TRUE Ventures. “This is my third time working with the founders, Tod Sacerdoti and Dru Nelson, and I could not be more ecstatic about the team they are building.”

BrightRoll can execute video campaigns across more than 50% of the top 100 online media properties in the United States. The average BrightRoll video campaign reaches over 50 million unique users over a six week period. A video advertising innovator, BrightRoll is built entirely on proprietary video ad serving, targeting and optimization technology.

The market

Video advertising is promising to be huge opportunity online and the sector is extremely competitive with new players entering every couple of weeks. Venture capitals also do think the online video advertising holds the chances to be the next big thing on Internet to bring billions of revenues in and are pouring big money into start-ups with the hope they come up to the groundbreaking technology that might shake the sector and make them the huge ROI.   

No matter what standard for video ads the sector might adopt – pre-roll ads, mid-roll adspost-roll ads, watermark ads, viral ads or overlay ads, the undisputed leader remains Google’s YouTube with its huge number of eyeballs. That’s why the smaller players are focusing not on the reach but on different approaches and technologies to more effectively serve, track and measure these video ads. The video ads are in their infancy on Web and there is plenty of room for innovation and growth and all those small start-up companies hold their good chances for success.

Some companies, as we know them, include BlackArrow, BrightRoll, XillianTVPodaddies, VMIX and MeeVee. BrightRoll video ad network itself has raises $5 Million while VMIX, yet another video network company has also raised a whopping amount of money $16.5M to expand its business. Other video advertising players include Revver, VideoEgg’s TheEggNetwork, ScanScout, Adap.tv, AdBrite’s InVideo platform, BroadRamp and Blinkx.

eMarketer predicts online video advertising to nearly double in 2008 to $1.3 billion, but no one’s really nailed a scalable ad platform for video. However, Google’s been quietly testing their own system and there are a bunch of other startups tackling it as well.

More about BrightRoll

Led by a team of Internet advertising veterans and engineers, BrightRoll has served billions of advertisements since we got started. We achieved this growth by enabling agencies and brand advertisers to execute smart video ad campaigns across the industry’s leading publishers, including over half of the top 250 websites in the United States.

Dozens of advertising agencies work with BrightRoll to execute campaigns for their premier brands. By offering full site disclosure, detailed performance reports and flexible targeting, we provide advertisers with the reach, frequency, scalability, and transparency needed to achieve their goals.

Hundreds of branded publishers work with BrightRoll to maximize the value of their online inventory. We are fortunate to work with many of the Internet’s leading branded publishers, including multiple television properties, and most of the leading high-volume video sites.

The company was launched in 2005 and has offices in San Francisco and New York City. Founders are Tod Sacerdoti and Dru Nelson.

The Team

Tod M. Sacerdoti, CEO, Founder

Tod M. Sacerdoti is the Chief Executive Officer of BrightRoll and co-founded the business in July, 2006. Most recently, Tod was the Director of Revenue and Business Development at Plaxo, one of the fastest growing companies in the history of the Internet. Previously, Tod was the Director of Business Development at Spoke Software, an enterprise software firm providing tools to sales forces to better leverage relationships. Tod also worked at Interscope, Geffen and A&M Records, a division of the Universal Music Group and was an analyst in both the Mergers & Acquisitions Group and the Internet Corporate Finance group at Robertson Stephens. Tod has an MBA from the Stanford Graduate School of Business and has a B.A. in Economics from Yale University.

Dru Nelson, CTO; Founder

Dru Nelson is the Chief Technology Officer of BrightRoll and co-founded the business in July, 2006. Dru brings over twelve years of senior software development expertise to the company. Prior to BrightRoll, Dru was a Senior Software Engineer at Plaxo Inc. , where he was also the first Engineer hired and the first Client Engineer. Previously, Dru was the Director of Service Operations at eGroups (sold to Yahoo), Senior Software Engineer at Diva Systems (spinoff of SRI Research) and a Software Engineer at Four11 (sold to Yahoo and became Yahoo!Mail). Dru also has previous experience at the Florida State University Supercomputer Research Institute (SCRI).

Charlie Whittingham, Vice President, Sales

Charles Whittingham is the Vice President of Sales at BrightRoll and brings over 25 years experience in media, advertising and building Internet sales teams. Most recently, Charles was the Vice President of Sales, Western Region, for Advertising.com (a wholly owned subsidiary of AOL). Previously, he was Regional Vice President of Sales for About.com (owned by the New York Times), Regional Vice President of Sales for The Excite Network (owned by IAC/Interactive Corp.) and Executive Vice President, Sales Marketing at Wired Magazine. Prior to his Internet experience, he held senior positions as Director of New Business Development for advertising agencies McKinney & Silver and J. Walter Thompson, Southeastern Sales Director at The National Sports Daily and Sales Manager with People Magazine.

Lewis Rothkopf, Vice President, Network Development

Lewis is charged with broadening BrightRoll’s audience reach and enhancing client value by building strategic partnerships with the web’s top publishers. Prior to joining BrightRoll, lewis was Head of Distribution for the national Broadband Company (NBBC), NBC Universal’s digital video syndication business, where he was responsible for connecting premium digital video owners with the web’s premier publishers. Active in the digital media community for a decade, Lewis spent five years at DoubleClick Inc.’s TechSolutions for Publishers business, most recently as a sales and account management leader. He was at LightningCast Inc., one of the first video advertising companies, as a director of sales for the video ad insertion technology business, where he helped ready the company for acquisition by AOL LLC. In those capacities, he spearheaded technology and media solutions for numerous industry leaders, including AOL, Washington Post, Newsweek Interactive, Disney/ABC, Scripps, Networks, MTV Newworks, CBS Inc., Knight Ridder Digital, United Online, among many others. Lewis holds a Bachelor of Arts in Communication from Boston University and lives in Manhattan with his wife Nicole.

Calton Chan, Director of Sales, Eastern Region

Calton Chan is the Director of Sales, Eastern Region at BrightRoll and brings over 10 years experience in media, advertising and building Internet sales teams. Most recently, Calton was the Vice President of Agency Relations for ContextWeb, one of the leading contextual ad networks. Previously, he was Sales Director at The Excite Network (owned by IAC/Interactive Corp.) and Director of Sales for About.com (owned by the New York Times). Prior to his Internet experience, Calton worked in software sales for Autodesk. Calton has a B.A. in Biology from the University of Colorado at Boulder.

Mike Enomoto, Director, Media

Mike Enomoto is the Director of Media at BrightRoll and brings over eight years of managing media buying, ad ops, campaign management, and publisher relationships. Most recently Mike managed sales and distribution for Adteractive, one of the largest online lead generation marketers. At Adteractive, Mike was responsible for buying display media, creative and product strategy, and client development. Previously, he was the primary display media buyer for the Alena division of Intermix Media (acquired by News Corp) where he was responsible for all portal media relationships and campaign profitability. Mike began his career with MaxOnline (acquired by IAC / Interactive Corporation), one of the pioneering online ad networks. Mike has a Bachelor of Arts degree from the University of California at Santa Barbara.

About the Investors

About TRUE Ventures

True Ventures invests in promising entrepreneurs at the earliest stages in the highest-growth segments of the technology market. The Partners at True have started over ten companies as founders, and True is designed by entrepreneurs, for entrepreneurs. The firm clearly understands both opportunities and challenges in the earliest stage of development and provides young companies with a powerful, seasoned partner.

About KPG Ventures

KPG Ventures, a San Francisco based venture capital firm founded by Vince Vannelli, brings capital, experience and strategic relationships to early and seed stage companies. KPG is committed to investing in talented people and actively supporting each portfolio company in building their business.

Adams Street Partners, LLC

Adams Street Partners has been making investments in private equity since 1972 and is also credited with establishing the industry’s first institutional private equity fund of funds in 1979. Adams Street Partners has made over 140 investments with the objective of backing experienced management teams focused on high-growth markets. Investments are made primarily in companies in the technology, life sciences, and technology-enabled services sectors. Adams Street Partners currently manages $15 billion and has offices in Chicago, Menlo Park, London and Singapore.
 
Private investors include Jeff Clavier (SoftTechVC), Fabrice Grinda (Co-CEO, OLX and Founder, Zingy), Auren Hoffman (CEO, Rapleaf), Oliver Jung (Partner, Adinvest), Ariel Poler (Founder, Topica), Aydin Senkut (President, Felicis Ventures), Michael Tanne (CEO, Wink & Founder, AdForce), Colin Wiel (President, Keiretsu), Jeremy Wenokur (Former Corp. Dev., Google).

More

http://www.brightroll.com/
http://blog.brightroll.com/
http://www.brightroll.com/2007/10/23/brightroll-secures-5-million-in-venture-capital-funding/
http://www.brightroll.com/2007/10/24/brightroll-serves-1-billionth-video-advertisement/
http://mashable.com/2007/10/19/brightroll-funded/
https://web2innovations.com/money/2008/02/10/yume-a-broadband-video-advertising-network-has-taken-16m-so-far-to-tackle-the-video-advertising/
https://web2innovations.com/money/2008/02/09/blackarrow-took-12-million-to-tackle-the-video-advertising-relies-on-cable-companies/
http://www.crunchbase.com/company/brightroll
http://www.todsacerdoti.com/

Mint keeps on taking money, closes its third round of funding

Mint.com, the site that helps you find better interest rates on bank accounts, credit cards, and other financial products. But here is the interesting part. The site officially launched in September 18, 2007, after nearly two years of development and significant private beta testing, and in just a few weeks, after being announced winner on TechCrunch40, the site took seriously off. In just 18 days, the company said, they had reached more than $2 billion worth of people’s personal financial accounts, and identified more than $40 million in potential savings for those members. In a moment Mint ended up having a new member every five seconds. It turned out that people really will do anything to save a buck. There were more than 50,000 accounts opened up. And logically the investors jumped in. Total funding in no time reached $5.5M for Mint Software.

Today we have read over Internet that Mint is about to announce its third round of funding today – $12.1 million from new investor Benchmark Capital and all previous investors, including Shasta Ventures, Sherpalo Ventures, Felicis Ventures, Hite Capital and First Round Capital. The company has now raised a total of $17 million, most of it since October of 2007. Benchmark’s Bob Kagle is joining the Mint board.

CEO Aaron Patzer says the company is adding 10,000 new users per week, has organized over $10 billion in purchasing activity and has identified around $100 million in savings opportunities for users.

The company makes money via lead generations, and Patzer says users are clicking on presented opportunities 12-15% of the time. That all sound very good and promising but it also raises some concerns and the Mint’s independence different online users are already asking about. Mint is being accused already that they may be selling out trying to get deals with banks to connect to their system.

When’s the last time you went to an ATM that let you take out $1.50, $2.00 or any amount under $20. Then it seems odd that Mint can’t distinguish and break out your ATM fees so you can see how much I spend. I don’t spend $101.50 on ATM fees, I spent $1.50. There are several very obvious things Mint could help with, but don’t.

From the banks perspective they make a lot of money from ATM fees which costs them next nothing providing huge margins. So are they interested in cooperating with a service that makes points out that you are getting fleeced in ATM fees? It is being said there are more examples like this, one gets lousy interest on his/her savings – however somehow the only bank switch recommendations one gets are from CITI bank to … CITI Bank. Never a recommendation to switch to WAMU for example which would save the user $9.50/month in checking, and $20-30/month in ATM fees.

Some users raise the point that Mint might be too much in bed with the banks to be anything other than an overview.

Techcrunch has reported it has a source that told them venture capitalists were clamoring to get a piece of this deal, but the question here is does Mint really need that much money or it is all about the fact that VCs want to be in regardless what Mint’s real needs might be. 

More about Mint

Mint is the freshest, most intelligent way for you to manage your money online. Not only is Mint free, it saves you money. While existing personal finance software packages require hours to set up, a passion for accounting (is that possible?) and hours of weekly maintenance, Mint is virtually effortless.

With Mint, you can be fully up and running in less than five minutes. After that, revolutionary, patent pending Mint technology does the rest, with virtually no more work required. It automatically pulls together your bank, credit union and credit card data, and provides up-to-date and amazingly accurate views of your financial life – from the big picture to specific details, in a friendly and intuitive way.

In addition, Mint goes beyond visibility and analysis; providing personalized money-saving and money-making suggestions. Mint provides users an average of $1,000 in savings opportunities during their first session. Plus, Mint is proactive— alerting you when you are overbudget, have a low balance, need to pay a bill, and more.

Mint is safe and secure: we never know your identity and we provide bank level data security.

How Mint works
Mint is a modern, powerful, easy and secure web-based solution for managing your finances. And it’s free. You register anonymously using any valid email address, and then add the log-in information for the online bank, credit union and credit card accounts you want to consolidate in Mint.

Mint connects to over 3,500 US financial institutions. Your account information is updated each night. Mint automatically categorizes all your purchases, showing you how much you spend on gas, groceries, parking, rent, restaurants, DVD rentals and more, with amazing precision. An advanced alerting system highlights any unusual activity, low balances, unwanted fees and charges, and upcoming bills so you’re in constant contact with your money – effortlessly. 


Mint goes way beyond just reporting. Using a patent-pending search algorithm, Mint constantly searches through thousands of offers from hundreds of providers to find the best deals on everything from bank accounts to credit cards; cable, phone and Internet plans, and more. Mint’s suggestions are “unique to you” as they are based on your individual spending patterns. For example, if you have $20,000 in a bank account that’s earning no interest, Mint might recommend a high interest rate savings account from ING or HSBC. Acting on that suggestion would give you an extra $900 in interest income over a year.

Key Benefits
Mint is an entirely new approach to personal financial management. You don’t work for Mint, it works for you. We think you’ll love Mint because it’s:

Easy to use: You’re up and running in under five minutes. And Mint does virtually all the rest.

Comprehensive: Mint provides detailed visibility into virtually all your financial relationships with a single, secure login.

Visual and Analytical: Mint gives you powerful insights into your finances – making it easier to make good financial decisions

Constantly working to find you savings: Mint typically finds users $1,000 in savings opportunities in their first session – minutes after registering. And Mint keeps looking for new ways for you to save every day — continuously comparing your needs to product, service and bank offerings most relevant to you.

Secure: Mint provides bank level data security and industry leading identity protection. Its security and privacy have been validated by VeriSign and TRUSTe.

Always On: You’re automatically notified of upcoming bills, low balances, and any unusual activity in any of your accounts, through one (m)interface.

Anywhere/anytime access: You can get to Mint anywhere, anytime over the web

And it’s Free!

Breakthrough Technology
Aaron’s personal experience led him to create to two breakthrough technologies which make Mint so useful, intuitive and unique:

Patent-pending categorization technology that automatically identifies and organizes purchases from descriptions in the electronic records at banks and credit card companies.  A proprietary search algorithm which finds savings opportunities unique to each user.  Mint’s technology does everything automatically in a way that other online banking applications and personal finance management software can’t. It provides useful information and smart, specific recommendations for saving or making more money based on each user’s individual purchase history. Today, after nearly two years of development and significant private beta testing, Mint is preparing to announce the public beta of Mint.com. The company has put together an experienced executive and engineering team, and has attracted funding from top tier venture capital firms and angel investors.

Security

Security is crucial when someone is dealing with your financial information and it is no wonder there were many debates surrounding Mint in the public space. We have dug information up ourselves and have found many interesting commentaries made by Mint’s CEO, which we enclose below. Below is what Aaron Patzer, Founder & CEO at Mint.com, has to tell about security.

To all those who are concerned over Mint.com security, a few points:
1) You’re anonymous on Mint.com
2) Our security is independently verified
3) Email & text-message alerts help identify fraud immediately… and being proactive is the best measure.

I’ll make a bold statement: You’re safer on Mint then with online banking. On Mint, you’re completely anonymous. We never ask for a name, address, or SSN – just an email. We know about your finances…but not about you. We’re also independently verified by VeriSign, TRUSTe, and several outside agencies.

We also have serious physical security. Our servers are in a secure, unmarked facility. To get in, you need to pass 3 biometric scanners, 4 locked doors, and several guards. We have our own cage so we’re physically separated from all other companies. Cameras monitor our servers and power supplies 24/7. The servers themselves have additional locks. The hard drives are encrypted. It’s like Mission Impossible (except without the electrified floors…maybe one day).

Perhaps more interestingly, 90% of all fraud actually occurs offline, not online (e.g. someone swipes your card at a restaurant or from your mail). Because Mint sends proactive alerts for low-balance or unusually high spending, you’ll know right away. It’s better than logging into 4-5 different banks every day, or waiting 30 days for a paper statement before finding that something went wrong.

By law you have:
– $0 liability for credit card fraud,
– $50 liability for bank fraud (if you notify your bank within two days)

Again, 90% of all fraud starts offline, for example when someone takes your credit card at a restaurant, or digs through your mail. Sadly, a large portion of fraud is actually committed by friends and family members.

Mint.com helps keep you safe by providing email and text-message alerts for:
– Low balances (e.g. someone is draining your account)
– Unusual spending (e.g. someone buys $1000 in electronics in a day)
– Low available credit

If there are any anomalies, Mint.com shows you right away. The alternative is to a) login to every single credit card, checking, and savings account every day to check for fraud, or b) wait 30 days until a paper statement arrives before noticing an issue.

By taking a proactive approach, Mint.com actually helps protect you from the vast majority of fraud – better than just about any website out there.

Concerning whether using Mint.com violates your bank terms & conditions:

Consider that Quicken and Microsoft Money ask you for the exact same credentials as Mint.com, and have been for the past 10 years. MS Money even uses Yodlee to make it’s connection to banks (same as Mint.com, BofA, and Fidelity).

The problem with those tools is they cost $30-$80, sunset their products every 2-3 years to force an upgrade, require an hour to setup, and take an hour a week to maintain.

Mint is like an extension to online banking: pull all your accounts together in one place, finally see where your money goes, get alerts on anything out of whack, and find savings opportunities worth an average of $1,000/user.

Mint never gives your information to third party advertisers. We have a proprietary database of financial offers, interest rates, and communications (phone, tv, internet, wireless) providers. The matching is done in software, anonymously.

Your information never leaves Mint.com. If or when you click through on a savings opportunity, no information is passed except that the click came from Mint.com.

Mint does make a small referral fee from advertisers on some offers. That’s what keeps Mint free. Whether we have a relationship with a provider in no way affects our ranking algorithm – we find users the best interest rate or lowest price regardless.

What this means in the end is Mint only makes money if we can find ways for the user to save money. And we think that’s pretty revolutionary. The only ads you see are ads that make you money…think about how different that is as a business model.

What the company, by that time, seemed not to be dealing with is the offers it makes are often not competitive with or comparable to what users are getting, mint is just having no way to know that!

For example, I have a Capital One card with 1% back. You see my Capital One account with ? for a cash return, and “offer” me a 1% back card (a *savings* of $250/year!). There needs to be a way to user input the specifics of current accounts and products before you offer to “save” me all that dough!

Mint has told by that time they are tackling the issue within the next month or so, they will be able to accurately capture the rewards earned on just about every credit card. Then, it will be able to accurately reflect the fact you are earning 1% back on your Capital One card. We were unable to dig something up from the public web as to whether this issue has been fixed or not.

Some more drawbacks as we have found them around Web are as follows. You can’t import data to Mint in any way other than through your financial institution, meaning that if you’ve got years’ worth of financial data in Quicken, don’t count on importing it to Mint. That said, Mint can load over a year of your most recent financial data (depending on how long your institution provides it) when you sign up.  On a similar note, Mint doesn’t export data—meaning if you decided to ditch Mint for another money management solution, you’re not going to get a CSV file or any other export of your data.

The most notable and practical drawback to Mint came in the form of strangely named, incomplete transaction descriptions (the imported name was strange—the actual transaction name at the originating financial institution was more descriptive). As a result, I ran into problems setting up renaming rules for transactions in Mint. For example, a transaction that read in my checking account (at the actual US Bank web site) as “Web Authorized Payment AT&T” showed up in Mint as “Web Payment” or something along those lines. I set Mint to automatically rename this transaction to AT&T, but then every Web Authorized Payment in my account was renamed AT&T, although some were gas or water and power bills. Similarly, “Purchase with PIN” shows up in the ledger as “With,” which is not terribly helpful. Next to the all-in-one account integration, automation is Mint’s biggest draw—which means these sort of minor issues need worked out before you can set up renaming rules with complete confidence (especially since you can’t currently undo renaming rules). On the flip side, Mint claims to accurately identify and rename 90% of imported transactions without any need for user import, compared to Quicken’s 40% (their numbers).

Management team

Aaron Patzer
Founder and CEO
Aaron is both the visionary and technical mind behind Mint, the first free, automatic and secure way to manage and save money online. He designed Mint to meet his own needs and those of people like him who value the immediacy of the Web, simplicity and their free time. With 10 patents filed or pending, Aaron brings strong innovation skills to Mint. Prior to founding Mint, Aaron was an architect and technical lead for the San Jose division of Nascentric. Before Nascentric, Aaron worked for IBM and founded two web development and online marketing companies: PWeb and International. Aaron holds an MSEE from Princeton University and a BS in computer science, computer engineering, and electrical engineering from Duke University.

Aaron’s Financial Personality? Über-Frugal but lusting in his heart for expensive cars.

Donna Wells
Chief Marketing Officer
Donna brings over twenty years’ experience in strategic management and marketing to the Mint team, with specific expertise in the financial services industry and online demand generation. She led client acquisition/retention, brand-building and product development for organizations ranging from start-ups to global brands – including Expedia, myCFO, Intuit, Charles Schwab and American Express. Prior to Mint, Donna was Senior Vice President of Marketing at Expedia, where she was responsible for strategic direction of the company’s brand, advertising, direct marketing, customer and partner marketing and market research. At Intuit, as Vice President of Corporate Marketing and acting CMO, she led the company’s corporate marketing functions and general marketing strategy. She also served as Vice President of Intuit’s Small Business and Personal Finance division, responsible for direct marketing, channel marketing and market research for the Quicken, QuickBooks and Small Business Services businesses. Donna joined Intuit from myCFO, Inc., where she was Chief Marketing Officer. She previously held senior positions at Charles Schwab, where she led marketing for segments representing 70% of all Schwab client households, and American Express, where she launched the Gold Rewards and Platinum Corporate Cards. Donna holds a MBA from Stanford University’s Graduate School of Business and a BS in Economics from the Wharton School at the University of Pennsylvania. She is a past Board member of the Financial Women’s Association of San Francisco and the Marketing 50.

Donna’s spending personality: Unremarkable, except in her weakness for luxury hotels.

David K Michaels
VP Engineering
David has over 10 years experience in building secure, distributed, fault-tolerant systems. David was most recently leading the development of server products for PGP, where he helped design, build and ship three major versions of the company’s  flagship product: PGP Universal. Prior to PGP, he built a high-volume financial information product targeting online retail equity traders. David was on the server team at NetDynamics (acquired by Sun Microsystems), implementing core features for security, scalability, fault-tolerance, distributed load balancing, and performance. He has also worked at GeoCities, where he developed the company’s first capability to insert advertising banners on its pages. He has held several positions with Lawrence Livermore National Laboratory working on distributed systems and the WWW. David holds a M.S. in Computer Science with honors from Stanford University and a B.S. in Computer and Information Science from the New Jersey Institute of Technology.

David’s Financial Personality? Conservative and analytic in all spending categories Dining Out. Major Foodie.

Aaron Forth
VP Product
Aaron brings over ten years’ of product development and product management experience to Mint. Prior to joining Mint, Aaron held several leadership positions at eBay and Half.com (acquired by eBay Inc.). Most recently, as Director of Advertising, Aaron was responsible for product strategy, design and product development. Aaron has a background in multivariate testing used to drive analytically-based decisions around product design, improved user experience and strategic partnerships. Prior to working in advertising, Aaron managed internet marketing and product management teams, focused on search engine marketing, search engine optimization and affiliate marketing. Aaron’s career in software was established at Kana Communications, Inc., a CRM software start-up. He holds a bachelor’s degree in Earth Sciences from University of California, Berkeley.

Aaron’s spending personality: Frugal at heart. Focused on enjoying life in practice.

Anton Commissaris
VP Business Development
Anton is responsible for Mint’s business strategy, revenue and partner development. Anton brings to Mint over 15 years of experience in the software and Internet sectors spanning legal, operations, marketing and business development roles. Prior to Mint, Anton was Vice President of Business Development at Right Hemisphere, the leader in visual product communications and collaboration. Prior to Right Hemisphere, Anton was Director of Business Development at Spotlife (Logitech) a pioneer in Web consumer video solutions. Anton began his career as an attorney working in London and Paris, and then in Palo Alto, California at Wilson Sonsini Goodrich & Rosati, the leading law firm for emerging growth high technology companies. He holds law degrees from the University of Auckland and the University of Montpellier, France.

Anton’s Financial Personality? The ultimate deal-seeker and most passionate negotiator. We love having him run Biz Dev.

Mint has been named Best of Show at the 2007 Financial Innovations conference. Mint has also been chosen as the best presenting company at TechCrunch40 and has won a $50,000 cash award. In December 28, 2007 Mint.com has also won the 2008 PC World 25 Most Innovative Products Award.

Competitors and similar companies include BillMonk, Expensr, Wesabe, Zecco, Buxfer, SpendView, Geezeo, sMoneyBox, FreeAgentCentral, Covestor.com, Yodlee, wclipperz.com and passpack.com, among others. Of course, Intuit is the major player in the space.

More

http://www.mint.com
http://www.mint.com/blog
http://www.techcrunch.com/2008/03/05/mint-gets-a-mint/
https://web2innovations.com/money/2008/02/21/mintcom-the-financial-planning-startup-with-an-army-of-high-profile-investors/
http://www.mint.com/press/downloads/release_20080108.pdf
http://www.mint.com/press/downloads/release_20071228.pdf
http://www.techcrunch.com/2007/10/16/mints-47-million-a-round/
http://www.crunchbase.com/company/mint
http://www.techcrunch.com/2007/09/18/mint-wins-techcrunch40-50000-award/
http://www.techcrunch.com/2007/11/14/billeo-secures-7-million-in-financing/
http://www.techcrunch.com/2007/10/07/mint-rakes-it-in/
http://www.netbanker.com/2007/10/mint_mortgagebot_and_prosper_w.html
http://www.informationweek.com/windows/showArticle.jhtml?articleID=178600217
http://www.crunchbase.com/person/aaron-patzer
http://www.linkedin.com/in/apatzer
http://twitter.com/apatzer
http://digg.com/users/apatzer
http://consumerist.com/commenter/apatzer/
http://www.spock.com/Aaron-Patzer-NBd4i1sF
http://www.techcrunch.com/2007/09/18/techcrunch40-session-5-productivity-web-apps/
http://blog.mint.com/blog/personal-finance-interview/personal-finance-interview-with-aaron-patzer-of-mymintcom/
http://blog.mint.com/blog/personal-finance-interview/mint-team-spotlight-sid-bhatt/
http://www.finovate.com/
http://r3fresh.com/2007/10/09/how-secure-is-mintcom/
http://www.nytimes.com/2007/11/22/fashion/22CYBER.html?ex=1353819600&en=6199204353c38df5&ei=5124&partner=permalink&exprod=permalink
http://venturebeat.com/2007/09/18/mint-the-easiest-way-to-manage-your-personal-finances/
http://lifehacker.com/software/screenshot-tour/is-mint-ready-for-your-money-312083.php
http://consumerist.com/consumer/budgets/mintcom-+-a-new-free-personal-finance-management-site-301172.php
http://en.wikipedia.org/wiki/Ram_Shriram
http://www.pcworld.com/article/id,140663-c,technology/article.html
 

Some of the Silicon Valley’s top non-Web innovations VCs spent money on

Forbes has assembled a very interesting list of some of the Silicon Valley’s most interesting and coolest innovations beyond the web start-ups. What is being said as a fact is that venture capitalists have poured over $30B into more than 2500 new ventures in 2007 alone. Some of them have to be non-traditional the media says and outlines some of those non-web start ups. The criteria to make the list were companies with unusual technologies or in surprising niches, which recently received additional rounds of venture financing and ranging from gadgets that only the military could love to ones that could wind up in your neighbor’s car.

Insitu

Insitu is a leading high-tech autonomous systems company. They currently produce and sell an ever growing fleet of Unmanned Aircraft Systems that are low-cost, long-endurance, and have low personnel requirements. These UASs provide a no-runway launch, unprecedented stabilized day and night video for ISR, robotic flight control, and a no-nets capture. Insitu began by creating long endurance Unmanned Aircraft to measure atmospheric conditions and do reconnaissance in remote areas for meteorology, daily weather prediction, and climate modeling. Aerosonde was the first aircraft developed by Insitu, noted for completing the first autonomous crossing of the Atlantic Ocean in 1998. From the Aerosonde, Insitu began to develop its Insight UAS platform, that is still being regularly upgraded and deployed today. In 2001, Insitu began working with Boeing to develop ScanEagle, an ISR-focused Unmanned Aircraft System that is currently used by the US Navy, the US Marines, and the Australian Army.

Insitu closed its Series D round of financing led by Battery Ventures’ Roger Lee in December 2007. The company has plans to release a new autonomous aircraft in 2008.

Incesoft

Founded in 2001, Incesoft Technology Co., Ltd. is the world’s leading provider of web robot technology and intelligent interactive information platform. Incesoft is committed long term to the web robot development and research, providing various information and services for users at the same time giving them better interactive experience. At present Incesoft has made great achievements in the field of Chinese artificial intelligent analysis and information management service. Currently Incesoft has the largest Chinese-language web robot platform (www.xiaoi.com). The robots can be used on IM, WEB and Mobile platform, providing services as information, entertainment and E-commerce etc. about working and living. Meanwhile Incesoft also provides customer service robots for companies and governmental departments.

Until now Incesoft has more than 20 million users.

With many-years robot development experience and strong technological power, Incesoft became Microsoft’s global strategic partner in February 2006 and Incesoft Bot Platform became the official robot access platform for Windows Live Messenger. In addition, Incesoft is Tencent QQ (a popular IM tool in China) and Yahoo Messenger’s strategic partner as well.

Draper Fisher Jurvetson and ePlanet Ventures were among the backers who pledged financing in March 2007.

A4Vision

California-based A4Vision has developed a 3D facial imaging and recognition system that works in conjunction with its established fingerprint identification and verification technology. Clients include high-security outfits such as the U.S. Department of Defense and a Swiss bank. Bioscrypt, a company specializing in access control, acquired A4Vision in March 2007. Investors, including In-Q-Tel, the venture wing of the Central Intelligence Agency and Menlo Ventures, must feel secure.

 Ophthonix

Ophthonix, Inc., a San Diego based vision correction company, is changing forever the way we see the world. Customized iZon® High Resolution Lenses allow wearers to see the world in High-Definition—clearer, sharper and more vividly than ever before. The proprietary and patented process is the first ever vision correction technology that addresses the problems associated with the unique variations in each person’s eyes, allowing for customized eyeglass lenses.

The result is a detailed picture, much like your eye’s fingerprint. The iZon lens, custom-built to help reduce glare in nighttime driving, is the result. Kleiner Perkins Caufield & Byers was among investors who put $35.1 million into Ophthonix’s December 2006 Series D round.

Dash Navigation

Dash Navigation has developed the Dash Express, which is an Internet-connected GPS device that offers route choices based on traffic information generated from other Dash Express devices and the Internet.

Superior traffic with the Dash Driver Network™:Select your route based on up-to-the-minute traffic data that is automatically and anonymously exchanged via the most reliable source–other Dash devices. The Dash Express gathers traffic information from the Dash Driver Network and combines it with other sources of traffic data to provide you with the most accurate picture of what’s happening on the routes you’re travelling. And, only Dash provides traffic information for freeways and local roads and side streets. Dash Express provides up to three routing options to your destination that are based on flow rather than incident data, and even has the ability to automatically alert you when traffic conditions change and a faster route is available.

Find virtually anything with Yahoo!® Local search:Connect to Yahoo! Local search to find unlimited points of interest—people, places, products and services—based on your specific needs.

Two-way connectivity gives Dash Express the ability to use Yahoo! Local search and other internet search sources to find almost anything anywhere. Unlike other GPS devices that come loaded with a static database of points of interest, Dash gives you access to unlimited points of interest based on your specific needs.

Send2Car™means no typing required: Its the fastest and easiest way to send an address straight to your device from any computer. Just highlight an address from your Internet browser or Microsoft Outlook and send it directly to the car. You can use Send2Car yourself, or when you’re on the road, have someone else do it for you

MyDash makes it even easier to personalize your Dash Express:MyDash, available at my.dash.net allows you to create and send customized search buttons straight to your device so you always have access to the places you want to go. And you can even take advantage of local knowledge from the Dash network by downloading location lists shared online by other users.

AutoUpdate™ means a GPS that’s always up to date:Dash Express is the only GPS that automatically and wirelessly updates software and traffic using two-way connectivity. You’ll always have the latest and greatest features as we release them. With Dash you are always up to date!

The company secured $25 million in February 2007 from investors, including Sequoia Capital and Kleiner Perkins Caufield & Byers.

3DV Systems

3DV Systems is a pioneer and world leader in the three-dimensional video imaging industry. Established in 1997 and headquartered in Yokne’am, Israel, the company has developed a unique proprietary technology which enables video cameras to capture the depth dimension of objects in real time, high speed and very high resolution.

The company has developed a unique patented technology which enables cameras to capture the depth dimension of objects in real time, high speed and very high resolution, using low or no CPU resources. 3DV markets, in a fab-less OEM model, a chipset that can be integrated to create systems and solutions for multiple applications as well as the new ZCamTM (previously Z-Sense) family of 3D cameras.

3DV was founded by Dr. Giora Yahav and Dr. Gabi Iddan, two veteran scientists of Rafael, Israel’s leading defense industry. Leveraging their experience and know-how gained through leading development of electro-optics missile technology, they came up with a ground-breaking concept of measuring distance from objects using the Time-of-Flight principle.

Since the successful completion of the development of our first 3D camera directed at the broadcast studio market, the new ZCamTM (previously Z-Sense), in 2000, 3DV was able to dramatically reduce the size and decrease the cost of its technology thus widening the scope of markets and applications and currently reaching consumer markets. The company’s latest prototype camera, the new ZCamTM (previously Z-Sense), is at the size of a typical webcam, and provides home users revolutionary gesture recognition capabilities in addition to real-time background replacement, enabling them to control video games and personal space through intuitive body gestures and immerse themselves with virtual reality

Kids may be excited about a new way to play. Adults, by contrast, may appreciate how the technology can be applied to reality: video cameras in their cars. The cameras can detect signs of fatigue, alerting the driver, or help to safely deploy airbags based on the exact location of passengers’ head.

Kleiner Perkins Caufield & Byers and Pitango Venture Capital led the $15 million investment round in December 2006.

Hyperactive Technologies 

The company started in the mind of a founder with two simple questions:

“Why is this burger so bad?”
“What can we bring to the table to make this better?”

In answering those questions – and finding a solution for the problem – HyperActive Technologies looked closely at the processes of quick-service restaurants, and has brought a full array of vision, prediction, and task-management technologies to bear in an industry where competition is fierce and quality is the number one differentiator.

HyperActive Bob is the first and only fully-automated Kitchen Management System that’s improving food quality in QSRs across the country. Here are the driving forces behind our technologies:

Vision: advanced real-time vision technologies monitor customer arrivals constantly and without wavering.

Prediction: Powerful processing tools learn from historical and real-time sales, incorporating the results of this analysis into real-time task management.

Action: easy-to-read touch screen monitors tell cooks precisely what to cook, and when to cook it.

The result: HyperActive Technologies provides “sight and insight” for managers that they’ve never had before, and more: 

HyperActive Bob is the Predictive Kitchen Management System that tells cooks what to cook, and when to cook it, assuring that all of your operations perform as smoothly as your best!

Drive-thru Speed of Service Timer is the first of its kind tool to measure the amount of time drive-thru customers spend in line before they reach the order board!

Walk-in Demand Prediction provides Bob’s keen demand prediction for restaurants that may not have vehicle entries.

HyperActive Technolgies is based in Pittsburg and is a privately held company. Last May, the company purchased QTime solutions, a drive-thru timer to help speed up how Hyperactive develops its recommendations. Private angel investors organized by Spencer Trask Ventures presumably had a quick meeting to decide to put $8.5 million into the firm in 2006.

Basically it is becoming clear that not all VC money goes to sites a la Facebook, yet the US economy is not in its best state today to accommodate and absorb some of these great inventions and innovations.

More

http://www.forbes.com/2008/01/24/midas-tech-novel-tech-08midas-cz_ed_0124novel.html
http://www.insitu.com/
http://www.incesoft.com/English/
http://www.xiaoi.com/
http://www.in-q-tel.org/technology-portfolio/a4vision.html
http://www.bioscrypt.com/
http://www.dash.net/
http://www.izonlens.com/about/
http://www.3dvsystems.com/
http://www.3dvsystems.com/gallery/movies/VirtualGame.mpg
http://www.hyperactivetechnologies.com/ 

Google invests more in DNA projects

After having spent almost $4M on 23andMe, which plans to make the human genome searchable and whose founder is the wife of Google’s Sergey Brin, last year and is in heavy preparation for the launch of the Google Health, Google has now financially backed a project from a Harvard University scientist to unlock the secrets of common diseases by decoding the DNA of 100,000 people.

The project is said will be the largest human genome sequencing project in the world, and may lead to new cures for disease. Under the public information available it is a Harvard University scientist and OrbiMed Advisors LLC that plan to unlock the secrets of common diseases by decoding the DNA.

Harvard’s George Church plans to spend $1 billion to tie DNA information to each person’s health history, creating a database for finding new medicines. The U.S., U.K., China and Sweden this year began working together to decipher the genetic makeup of 1,000 people at a cost of $50 million.

Google, owner of the most popular Internet search engine, is looking for ways to give people greater control over their medical data. The amount of money donated to the Church by Google is not disclosed publicly. Google also said last week that it would work with the Cleveland Clinic to better organize health records.

Church’s plan “would be the largest human genome sequencing project in the world,” Stephen Elledge, a geneticist at Harvard Medical School in Boston, said in a telephone interview with Bloomberg. “The genetic variations are what make people different, and we need to understand the connections to human disease. They’ll get a tremendous amount of information from this,” said Elledge, who isn’t involved in the project.

Church, who helped develop the first direct genomic sequencing method in 1984, said that while he plans to enroll 100,000 participants, he may not end it there – the plan might be to go for 1 million.

If we can expand the project, we’ll probably go for a million genomes, Church said. Since 1984, Church has advised 22 companies including Helicos Biosciences Inc., which recently began selling high-speed gene sequencers, and 23andMe.

The current project may ideally fit with the overall strategy of Google Health, which is in launching stage now. Google Health plans to help people manage their medical records and test results so they can be shared safely and privately with various specialists. Genomic data may eventually be included, said Marissa Mayer, vice president for search products.

The further involvement of Google into the DNA space has very negative impact on the public markets for some of the current players such as Helicos Biosciences Inc., Illumina, Applied Biosystems and Danaher, which all have their stock declined after the announcement and have lost part of their market capitalization.

Church has already partially sequenced genomes from 10 people, and the jump to 100,000 is under review by a Harvard ethics panel.

About George Church

George Church is Professor of Genetics at Harvard Medical School and Director of the Center for Computational Genetics. His 1984 Harvard PhD included the first direct genomic sequencing method. He co-initiated the Human Genome Project a few months later as a postdoctoral fellow at Biogen & UCSF. Innovations include molecular multiplexing & tags, homologous recombination methods, array DNA synthesizers & automated sequencing & software (used at Genome Therapeutics Corp. for the first commercial genome sequence — human pathogen, H. pylori, 1994). Current research focuses on the Personal Genome Project & synthetic biology.

More

http://arep.med.harvard.edu/gmc/
http://www.google.com/
http://www.orbimed.com/
http://www.bloomberg.com/apps/news?pid=20601082&sid=a9FTNggspOLs&refer=canada
http://www.techcrunch.com/2008/02/29/google-invests-in-dna-sequencing-project/
http://www.crunchbase.com/company/23andme
http://23andme.com/press.html

Technorati is rumored to be in preparation of Blogger Ad Network

Rumors online claim Technorati is in serious preparation to lunch soon its own advertising network aimed at bloggers. The online advertising market, as we said a few times in our blog posts so far, is perhaps the hottest thing on web over the past 2 years and 2008 appears to be giving no signals of slowdown in the space. Basically there are many ad network players in the blogging space on Web like, of course, Google, AdBrite, FM Publishing, Glam Network, ReviewMe, and not last the controversial PayPerPost (now Izea) but from sentimental point of view Technorati has the best chances to make a bloggers ad network due to its first-to-market factor (Technorati was the first company to search in and deal with blogs anyway), devotion and dedication to the Bloggers on Web. Technorati is currently tracking 112.8 million blogs and over 250 million pieces of tagged social media so it makes sense to us if they can in one way or another turn those blogs into quiet participants into the newly planned bloggers ad network by Technorati. Many newly launched ad networks try to focus on relevancy and targeting technologies but, in our view, they are missing the core factor of being successful in running an ad network on Web – the amount of money you are going to pay your web publishers (bloggers). And the amount of money you pay is correlative to the amount of money you earn. In that parameter Google remains unbeaten at this moment with almost $4B pay out for the 2007.
 
Technorati is being said to be pitching venture capitalists on another round of financing since from what they took back in 2006 there might be little to nothing left over to keep their company and 25 employees alive. Another rumor claims the company has hired an investment bank in an attempt to shop itself around for potential buyers, simultaneous to their funding pitches.

The network is rumored to be something like a self-serve ad exchange for bloggers as well as for advertisers, perhaps something like bloggers ad exchange. Ad units will include both display and text ads, and will allow units to be charged on both a CPM and CPC basis.

Whatever the case is it is an interesting and predictable move for Technorati but the online ad market is getting more and more crowed. May be it has something to do with the most recent online ad data released by IAB putting the total number for the entire market at more than $21B for 2007.

More about Technorati

Technorati is currently tracking 112.8 million blogs and over 250 million pieces of tagged social media.

Technorati is the recognized authority on what’s happening on the World Live Web, right now. The Live Web is the dynamic and always-updating portion of the Web. We search, surface, and organize blogs and the other forms of independent, user-generated content (photos, videos, voting, etc.) increasingly referred to as “citizen media.”

But it all started with blogs. A blog, or weblog, is a regularly updated journal published on the web. Some blogs are intended for a small audience; others vie for readership with national newspapers. Blogs are influential, personal, or both, and they reflect as many topics and opinions as there are people writing them.

Blogs are powerful because they allow millions of people to easily publish and share their ideas, and millions more to read and respond. They engage the writer and reader in an open conversation, and are shifting the Internet paradigm as we know it.

On the World Live Web, bloggers frequently link to and comment on other blogs, creating the type of immediate connection one would have in a conversation. Technorati tracks these links, and thus the relative relevance of blogs, photos, videos etc. We rapidly index tens of thousands of updates every hour, and so we monitor these live communities and the conversations they foster.

The World Live Web is incredibly active, and according to Technorati data, there are over 175,000 new blogs (that’s just blogs) every day. Bloggers update their blogs regularly to the tune of over 1.6 million posts per day, or over 18 updates a second.

Technorati. Who’s saying what. Right now

Technorati Management Team

Richard Jalichandra
President & Chief Executive Officer
Richard is a veteran Internet executive whose media experience includes leadership roles across the media spectrum: as a client, at an agency, as a publisher, and with an advertising network. Most recently, he worked as an M&A and strategy consultant for several Internet properties and investment firms, and also served as SVP of Corporate Development for Exponential Interactive, Tribal Fusion’s parent company. Previously, he was SVP of Business Development for Fox Interactive Media, and was the Vice President of Business & Corporate Development at IGN Entertainment (acquired by Fox Interactive), where he led the company’s M&A, business development and international activities. Before joining IGN, Richard led national accounts sales at Lycos, was Vice President of Business Development at Neopost Online, served as Senior Vice President/Managing Director of Answerthink, and founded K23 Creative Services in Singapore. His early career included management roles for Ford, IBM and Siemens, and he has a B.S. in business administration from the University of Southern California and an M.B.A. from the University of Washington.

Dorion Carroll
Vice President of Engineering
Dorion Carroll is a 20-year veteran engineer with deep experience developing product and services in areas including search, email processing, e-commerce, personalization, ad targeting, CRM, data warehousing, order management and financial services. Prior to joining Technorati, Dorion was director of engineering at Postini, Vice President of Engineering and General Manager of Neomeo (which was acquired by Postini), Technologist-in-Residence at Softbank Venture Capital, and Senior Director of Engineering at Excite@Home, among other roles. Dorion has a Bachelor of Arts from Pitzer College, with four years Mathematics / Computer Science at Harvey Mudd College, in Claremont, California.

Peter Hirshberg
Chairman of the Executive Committee & CMO, Technorati Inc.
Peter Hirshberg is an entrepreneur and marketing innovator who has led emerging media and technology companies at the center of disruptive change for more than 20 years. As Chairman & Chief Marketing Officer of Technorati, he oversees the company’s sales, marketing and business development activities as well as its partnerships with the media, entertainment and marketing industries. Previously Hirshberg served as president and CEO of Gloss.com, the online prestige beauty business co-owned by Estee Lauder Companies, Chanel and Clarins; he was Chairman of Interpacket Networks, the global leader in Internet-by-satellite (sold to American Tower in 2000), and was founder and CEO of Elemental Software (sold to Macromedia in 1999). Peter was at Apple Computer for nine years where he held a number of leadership positions, including Director of Enterprise Markets. He is a Trustee of The Computer History Museum and a Henry Crown Fellow of the Aspen Institute. Peter earned his bachelor’s degree at Dartmouth College and his MBA at Wharton.

Joi Ito
Vice President of International Business and Mobile Devices, Technorati Inc.
Joichi Ito is in charge of international and mobility development for Technorati. He is founder and CEO of Neoteny, a venture capital firm which is the lead investor in Six Apart, and is on the board of Creative Commons. He has created numerous Internet companies including PSINet Japan, Digital Garage, and Infoseek Japan. In 1997, Time Magazine ranked him as a member of the CyberElite. In 2000 he was ranked among the “50 Stars of Asia” by Business Week and commended by the Japanese Ministry of Posts and Telecommunications for supporting the advancement of IT. In 2001 the World Economic Forum chose him as one of the 100 “Global Leaders of Tomorrow” for 2002. He was appointed as a member of Howard Dean’s Net Advisory Net during the Dean campaign.

Teresa Malo
Chief Financial Officer
Teresa is a CPA with over 17 years experience in finance and operations, and she’s responsible for Technorati’s financial, legal, and HR organizations. She has worked with technology startup companies such as Calico Commerce and Zambeel, as well as with established companies, including Arbor Software and Silicon Graphics. Teresa started her career as an accountant with Pannell, Kerr, Forster, a national public accounting firm. She holds Bachelor’s degrees in Accounting and Computer Information systems from Arizona State University and the University of Washington.

Technorati Board of Directors

David L. Sifry
Founder & Chairman of the Board, Technorati, Inc.
David Sifry is a serial entrepreneur with over 20 years of software development and industry experience. Before founding Technorati, Dave was cofounder and CTO of Sputnik, a Wi-Fi gateway company, and previously, he was cofounder of Linuxcare, where he served as CTO and VP of Engineering. Dave also served as a founding member of the board of Linux International and on the technical advisory board of the National Cybercrime Training Partnership for law enforcement. He has a Bachelor’s degree in Computer Science from Johns Hopkins University. Dave can often be found speaking on panels and giving lectures on a variety of technology issues, ranging from wireless spectrum policy and Wi-Fi, to Weblogs and Open Source software.

Peter Hirshberg
Chairman of the Executive Committee & CMO, Technorati Inc.

Joi Ito
Vice President of International Business and Mobile Devices, Technorati, Inc.

Ryan McIntyre
Principal, Mobius Venture Capital
Ryan McIntyre joined Mobius Venture Capital in 2000 as an Associate Partner and was promoted to Principal in 2001. Prior to joining the firm, Mr. McIntyre co-founded Excite in 1993, which went public in 1996 and later became Excite@Home (Nasdaq:ATHM) following the merger of Excite and @Home in 1999. There he held the role of Principal Engineer and was a key technological contributor to the company’s search engine and content management systems, and also led the design and implementation of Excite’s community and commerce platforms. Mr. McIntyre holds a Bachelor of Science degree in Symbolic Systems with a concentration in Artificial Intelligence from Stanford University. While at Stanford, he published research on genetic algorithms in the The First IEEE Conference on Evolutionary Computation, and studied at Stanford’s overseas campus in Berlin, Germany.

Sanford R. Robertson
Principal, Francisco Partners
Sanford R. Robertson is a principal of Francisco Partners, one of the world’s largest technology buyout funds. With a focus on structured investments in technology and technology-related businesses, Francisco Partners is a pioneer in the private equity category of Technology Buyouts. Prior to founding Francisco Partners, Mr. Robertson was the founder and chairman of Robertson, Stephens & Co., a leading technology investment bank formed in 1978, and sold to BankBoston in 1998. Mr. Robertson was also the founder of Robertson, Colman, Siebel & Weisel, later renamed Montgomery Securities, another prominent technology investment bank. He has had significant financing involvement in more than 500 growth technology companies throughout his career, including 3Com Corporation (Nasdaq: COMS), America Online, Inc., Applied Materials, Inc. (Nasdaq: AMAT), Ascend Communications Inc., Dell Computer Corporation (Nasdaq: DELL), E*Trade Securities, Inc. (Nasdaq: ETFC), Siebel Systems, Inc. and Sun Microsystems, Inc. (Nasdaq: SUNW). Mr. Robertson received both a B.A. and an M.B.A. with Distinction from the University of Michigan.

Andreas Stavropoulous
Managing Director, Draper Fisher Jurvetson
Mr. Stavropoulos focuses primarily on software investments (enterprise infrastructure and consumer/Internet), wireless networking, and technology-enabled services. Prior to joining DFJ, Mr. Stavropoulos was with McKinsey & Company’s San Francisco office, where he worked with senior management teams of corporate clients with an emphasis on information technology. Prior to McKinsey, he was a Senior Analyst at Cornerstone Research, a financial and economic consulting firm that helps resolve complex issues arising in high-profile business litigation. Mr. Stavropoulos holds Bachelor’s and Masters degrees in computer science from Harvard University, and an MBA from Harvard Business School, where he was a Baker Scholar and graduated first in his class.

More

http://technorati.com/
http://technorati.com/weblog/
https://web2innovations.com/money/2008/01/13/technorati%e2%80%99s-total-funding-revealed-216-to-date-in-3-rounds/
http://www.techcrunch.com/2008/02/29/technorati-to-launch-blogger-advertising-network/
http://www.sifry.com/alerts/
http://www.techcrunch.com/2007/12/04/exclusive-technorati-relaunches-to-focus-on-core-blogging-audience/
http://www.crunchbase.com/company/technorati
http://www.niallkennedy.com/blog/2006/12/google-blog-search-technorati-market-share.html
http://www.techcrunch.com/2007/11/05/technorati-drops-content-older-than-6-months-old/
http://www.techcrunch.com/2006/12/28/google-v-technorati-and-hitwise-v-comscore/
http://www.centernetworks.com/why-comparing-technorati-to-google-blog-search-is-not-valid
http://en.wikipedia.org/wiki/Category:Blog_search_engines
http://www.sifry.com/alerts/archives/000492.html
http://www.techcrunch.com/2007/04/03/technoratis-mating-dance/
http://www.sifry.com/alerts/archives/000492.html
http://atomicbomb.typepad.com/
http://www.centernetworks.com/web-apps-customer-service-face-off#technorati
http://www.time.com/time/specials/2007/article/0,28804,1638266_1638253_1638241,00.html
http://www.techcrunch.com/2007/10/01/new-technorati-ceo-has-a-challenge-ahead/
http://www.breitbart.com/article.php?id=prnw.20071001.AQM180&show_article=1&lsn=1
http://www.techcrunch.com/2007/08/16/watching-technorati-and-podtech-fall-apart/
http://www.techcrunch.com/2007/09/30/techmeme-leaderboard-to-launch-attacking-technoratis-last-stronghold/
http://www.linkedin.com/pub/0/2/9a2 (Richard Jalichandra)
http://www.chicagotribune.com/business/chi-thu_tagsjun14,0,3843733.story?coll=chi-business-hed
http://valleywag.com/tech/rumormonger/technoratis-search-247549.php
http://markevanstech.com/2007/04/03/talking-up-technorati/
http://www.guardian.co.uk/weekend/story/0,,1937507,00.html
http://www.time.com/time/globalbusiness/article/0,9171,1565540,00.html
http://sramanamitra.com/2006/02/23/technorati-valuation-without-revenue/
http://www.iac.com/businesses.html
http://mysqluc.com/presentations/mysql06/carroll_dorion.ppt

Yelp: $200M valuation, $31M total funding, 8M uniuqes, SEO – all for local reviews

The 4 years old Yelp, which is a local review site, has already reached a hefty popularity on Web. Today we have read online the site claims to have more than 8M unique visitors per month, which can already be called a hugely popular site and all that achieved within 4 years only. Pretty impressive one may say. But the company seems to have raised tons of money in 4 rounds totaling $31M to date. The pre-money valuation was rumored to be in the $200M range, which for a site with almost 10M uniques per month is becoming an industry standard already. The revenues, also rumored, are said to be in the $10M range per year, which was widely criticized on different tech blogs as not enough taking into consideration the site’s already massive reach. Well, we are not quite agreeing with those critics. Take for example Digg and Technorati, both sites are hugely popular and their revenues are not quite impressive either and are perhaps in the Yelp’s annual range. Not even to mention WordPress.org‘s case and their strong NO to a $200M buyout deal last year on little to no revenues, as far as we know. We would guess that just like Digg and Technorati, Yelp will also try to shop itself around and their investors are in fact looking for an acquisition deal with hefty exit price tag rather then building a self-sufficient company taking into consideration the very favorable time for web 2.0 companies in the Valley. Yet, we think $10M per year off 8M unique visitors per month is pretty well done job in monetizing their traffic, for now. 

Their forth round of funding is said to be in the $15M range and led by DAG Ventures. Yelp says that they will be using the money to expand geographically, add onto their sales team, and establish an office in NYC. With this latest round, DAG joins previous investors Max Levchin who put $1 million back in the summer of 2004, Bessemer Venture Partners with their $5 million round closed in 2005, and Benchmark Capital ($10 million, Q4 2006). The company’s total funding is now $31M. If the rumored pre-money valuation is correct then DAG Ventures seems to have bought only 7.5% for its money.

The company is based in San Francisco and was founded back in 2004 from former PayPal early employees.

Yelp claims they are relying on “word of mouth marketing” but from what we have seen their site is heavily search engine optimized with several million of indexed pages at Google, which is well done and good after all, but you should refrain from claiming you are all about word of mouth marketing. We have no access to their Google Analytics files where the traffic sources are visible, but we are pretty sure a vast majority of their 8M uniques per month is coming from Google and some of the other top search engines. 

Other critics of the company’s strategy say that a viable approach to building a company like Yelp would be to prove that your business model works in the cities that you initially target and then replicate that model elsewhere once you have your validation. If you cannot establish a profitable business model in the cities you initially target, expanding your sales force, adding additional offices and replicating your unsuccessful model elsewhere are not viable solutions for developing your company.

The local space is very crowded area as it seems. Yelp’s competition includes companies like InsiderPages (acquired by Citysearch), Viewpoints, YellowBot, Google Local, Yahoo Local, JudysBook.com, Rummble, LocoGopher.com, Zvents, Upcoming, Qype, Tipped, GenieTown, YellowPages.com, among others.

More about Yelp

Yelp is the fun and easy way to find, review and talk about what’s great (and not so great) in your world. You already know that asking friends is the best way to find restaurants, dentists, hairstylists, and anything local. Yelp makes it fast and easy by collecting and organizing your friends’ recommendations in one convenient place.

Yelp is the ultimate city guide that taps into the community’s voice and reveals honest and current insights on local businesses and services on everything from martinis to mechanics. Yelp is just real people, writing real reviews, and that’s the real deal. Yelp is a fun and engaging place for passionate and opinionated influencers to share the experiences they’ve had with local businesses and services. Yelp is the definitive local guide in the San Francisco Bay Area and a force to be reckoned with in Chicago, New York, Boston, Los Angeles and Seattle. But really, we’re everywhere. From Austin to Madison and everywhere in between, reviews are coming in from all over the country!

Yelp is word of mouth marketing – amplified. Savvy local marketers now have a great channel to effectively target local consumers. Since July 2004, co-founders Jeremy Stoppelman (CEO) and Russel Simmons (CTO) and their Yelp crew have been striving to make life better for people who love to patronize great local businesses. Discovering accurate information on local establishments has never been this entertaining. Writing reviews has never been this fun, easy and addictive!

The Yelp Management Team

Jeremy Stoppelman
Co-founder and Chief Executive Officer
Jeremy co-founded Yelp Inc. in July 2004 with former colleague and friend Russel Simmons.
Prior to Yelp, Jeremy was the VP of engineering at PayPal. He left PayPal in the summer of 2003 to attend the Harvard Business School. Upon completing his first year at HBS, Jeremy joined an incubator started by Max Levchin (co-founder of PayPal) for a summer internship. It was there that he was reunited with his old colleague Russel Simmons and the two teamed up to create a vibrant community around local information. Jeremy holds a B.S. in computer engineering from the University of Illinois.

Russel Simmons
Co-founder and Chief Technology Officer
Russ co-founded Yelp Inc. in July 2004 with former colleague and friend Jeremy Stoppelman.
Prior to Yelp, Russ was one of the early employees and the lead software architect at PayPal. He led a team of top engineers on critical projects related to security, scalability, stability, and internationalization as the company scaled rapidly. Following his time at PayPal, Russ joined Max Levchin’s (co-founder of PayPal) incubator, where he teamed up with Jeremy. Russ holds a B.S. in computer science from the University of Illinois.

Geoff Donaker
Chief Operating Officer
Geoff joined the team in November 2005.
Prior to Yelp, Geoff spent five years building Web communities at eBay, most recently as director of international category management and previously as director of collectibles. His previous experience includes business development and marketing management roles at Excite@Home, Voter.com, Classifieds2000 and Mercer Management Consulting. Geoff has a B.S. in mechanical engineering from Stanford University.
More

http://yelp.com/
http://blog.yelp.com/
http://jeremy.yelp.com/
http://www.google.com/search?q=site%3Ayelp.com
http://www.techcrunch.com/2008/02/26/yelp-raises-15-million-fourth-round-valuation-200-million/
http://www.drama20show.com/2008/02/27/yelp-raises-more-money-for-business-stuff-and-parties/
http://valleywag.com/tech/jeremy-stoppelman/the-hard-life-of-a-web-founder-244590.php
http://valleywag.com/tech/party-report/party-correspondent-confronts-ghosts-of-yelp-parties-past-331048.php
http://www.timeout.com/chicago/articles/features/25797/amateur-hour
http://www.npr.org/templates/story/story.php?storyId=18349445
http://money.cnn.com/2008/01/23/smbusiness/manage_online_reputation.fsb/index.htm?postversion=2008012409
http://www.washingtonpost.com/wp-dyn/content/article/2007/08/14/AR2007081401782.html
http://publications.mediapost.com/index.cfm?fuseaction=Articles.showArticleHomePage&art_aid=64844
http://startup.wsj.com/ecommerce/ecommerce/20070719-richmond.html
http://www.informationweek.com/news/showArticle.jhtml?articleID=199100332
http://online.wsj.com/article/SB117272184209823054-search.html?KEYWORDS=yelp&COLLECTION=wsjie/6month
http://venturebeat.com/2006/10/04/local-review-site-yelp-raises-10-million-from-benchmark/
http://www.techcrunch.com/2007/09/25/garageseek-rates-mechanics-but-yelp-will-kill-this-category-too/
http://gesterling.wordpress.com/2008/02/27/yelp-raises-15-million-in-round-four/
http://bub.blicio.us/?p=732
http://www.crunchbase.com/company/yelp
http://joeduck.com/2008/02/27/yelps-new-funding-round/
http://www.alleyinsider.com/2008/2/yelp_raising_more_money_opening_ny_office
http://en.wikipedia.org/wiki/Yelp%2C_Inc.

Glam Media raises a massive round of funding – $85M

A controversial site Glam that runs both a network of its own web sites as well as runs ads on a network of third party sites geared towards women online has raised a massive amount of funding – $85M.

Glam Publishing Network operates more than 450 popular and influential lifestyle websites, blogs and magazines, but it seems Glam.com is the main anchor with the largest reach among those web properties. They also sell advertisements for other sites, which make up the vast bulk of its huge amount of page views. The network has been criticized in the past for claiming to be the largest women’s site on the Internet, and the fastest growing site in the U.S., based on traffic coming from third party sites they sell ads for. We tend to agree with those arguments because we do believe it is inaccurate for an ad network to claim the traffic of its participating web publishers for its own. ComScore allows publishers to “assign” their traffic to another organization, letting ad networks pool the traffic from all client sites. If a widely used ad network like Google AdSense used this system, Google’s network would be by far the largest. But, it’s a disingenuous statistic, especially since Glam likes to pretend it’s not an ad network.

Glam, opposes that it’s more than a network: They say, like Microsoft has done with Facebook and Digg, and Google has done with MySpace, their network buys up some sites’ ad inventories at a guaranteed rate. That means the profit — the loss respectively — from those ad buys is entirely Glam’s. But it’s said to be a very risky business model. For an example even the mighty Google has recently said, in their earnings call, that ads on MySpace weren’t performing quite well, which means losses for Google. So what will happen to Glam if the ad inventory they are buying does not perform well too?

Public information is that Glam pockets about 40 to 50 percent of the revenues it gets from advertising on its partner sites, giving the rest back to the publishing partner. What is remarkable is that Glam pays nothing to produce the content on those publisher sites, meaning it is milking those sites for a full 40 to 50 percent of their worth — merely for providing them with advertising technology.

Nonetheless the company has shown a tremendous increase of its traffic compared to the year before. ComScore reports that worldwide uniques across all sites that Glam sells advertising for had nearly 47 million unique visitors and 1.1 billion page views. Glam Network says it has over 200,000 quality articles across the sites involved.

Glam has landed some top-tier investors like Hubert Burda Media, GLG and DAG. Glam has offices in Brisbane, Calif. and New York and the pre-money valuation is said to be $425M.

Glam Media, Inc. has closed $84.6 million in private financing, with $64.6 million in Series D funding and $20 million in revenue-based debt financing. Proceeds of the financing will be used to accelerate the growth of the company’s distributed media network that connects premium brand display advertisers with online audiences worldwide.  The equity financing round is led by Hubert Burda Media, an international media powerhouse and publisher of more than 260 magazines titles and an investor in more than 25 high-growth digital holdings.
 
Other investors for the round include:  GLG Partners, a leading alternative asset manager; Duff Ackerman & Goodrich Ventures (DAG), a leading crossover fund with a rich history in Internet and TV networks; and existing investors Accel Partners, Draper Fisher Jurvetson, Walden Ventures and Information CapitalHercules Technology Growth Capital, a leading provider of debt and equity capital, will provide the debt financing.

The new funding will fuel Glam Media’s aggressive global expansion in 2008 across new territories and categories, focusing on transforming brand display advertising on the Web as the market shifts away from the dominance of portals and destination sites to the distributed media network model that Glam Media helped pioneer. The funding will also be used to make strategic acquisitions, invest in technology to grow the distributed media model and further global growth.

Christiane zu Salm, who joins the executive management board of Hubert Burda Media in April 2008, will join the Glam Media Board of Directors as an observer.  Ms. zu Salm was founder of interactive TV network Neun Live and formerly managing director of MTV Central Europe.  Dr. Marcel Reichart, managing director of Research & Development, Marketing and Communications at Burda, and co-founder of the prestigious DLD conference, will oversee the relationship between Burda and Glam.  In a separate announcement today, Glam unveiled its rollout in key international markets starting in the United Kingdom, where Glam along with its publishers is already number one in audience reach, ahead of long established media companies including iVillage and CondeNet.

“Glam Media is well positioned to enable global brand advertisers via their distributed media network model,” said Dr. Marcel Reichart of Hubert Burda Media.  “The investment by Burda leverages our strong position in women and lifestyle media brands and further enables our transformation towards digital media.”

“Glam Media is ideally situated as an influential player in the emerging global digital media landscape,” said Samir Arora, chairman and CEO of Glam Media.  “In 2007, Glam Media was the fastest-growing in comScore Media Metrix Top 50 properties, becoming the number one women’s property on the Web in the U.S. with unprecedented speed.  With fragmentation increasing on the Web, our proven distributed media network model both supports our key publishers and is the optimal way to bring premium brand display advertisers to the Web.”

Banc of America Securities and Allen & Company served as the lead placement agents, with Deutsche Bank as a participating investment bank helping in the placement of this round.

Glam Media continues to experience significant growth both in traffic to Glam-owned-and -operated properties and via the reach of its publisher network of 450+ lifestyle websites and blogs.  Recent strategic hires—including senior sales executive John Trimble from Fox Interactive, former Yahoo! Smart Ads platform executive Dr. Kiumarse Zamanian and Joe Lagani, former Conde Nast publisher—further position the company to take advantage of the market focus and demand for premium brand display advertising.

Glam Media’s distributed media network currently includes Style, Living, Entertainment, Wellness and Shopping channels.  Each channel brings together a blend of original editorial, syndicated and media partner content and curated content from the 450+ sites in the Glam Publisher Network.  Glam Media provides media services—display and video advertising, content syndication, advertorials, search and other application services to its highly select network of publishers and managed vertical networks for traditional media companies.  Glam Media’s pioneering distributed media model has helped hundreds of publishers start and build their businesses by helping them focus on what they love doing the most—creating original content and engaging their audience—while Glam Media creates the “ecosystem” that helps support and leverage the publishers’ power for advertisers worldwide.

More about Hubert Burda Media

Hubert Burda Media is a $2.4 billion in revenue international media group with more than 7,000 employees that first entered the market more than 100 hundred years ago.  Today, the company’s portfolio comprises more than 260 magazines worldwide, over 25 digital holdings, radio networks and television productions as well as media sales, printing and direct marketing operations.

More about Glam Media

Glam Media’s distributed media network model is revolutionizing the very definition of what a media company is in the 21st Century.  With 44 million global unique monthly visitors (comScore MediaMetrix), Glam Media provides a compelling mix of fresh, original content created in-house with a carefully curated Glam Publishing Network of more than 450 popular and influential lifestyle websites, blogs and magazines. For premium national brand advertisers, Glam Media offers an unprecedented array of targeted options that are singularly attractive to both upscale and aspirational consumers.

About the founder

Samir Arora, Founder, Chairman, and CEO
Samir Arora founded lifestyle hub Glam Media to create a better way for brand advertisers to connect with their audiences on the Web. A tech-industry veteran, Arora was previously the chairman of Emode/Tickle, Inc, which was later sold to Monster in June 2004. Prior to that, Arora was chairman and CEO of NetObjects, Inc. where he drove the creation of the first web site building product NetObjects Fusion. Arora also currently serves as chairman of Information Capital LLC, a venture capital fund based in Woodside, Calif., that invests in leading-edge “big idea companies” in consumer publishing, media, and technology.

Other team members include:

Fernando Ruarte
Co-founder, CTO and VP, Engineering
Scott Schiller
EVP, Sales, Women’s Markets
John Trimble
EVP, New Markets Sales
Carl Portale
VP and Publishing Director
Joe Lagani
VP and GM, Glam Living
Karin Marke
VP, Sales, Western Region
Jack Rotolo
VP, Sales, Eastern Region
Bernard Desarnauts
VP, Products and Marketing
Scott Swanson
VP and GM, Glam Media Publisher Network
Raj Narayan
Co-founder and Architect
Dianna Mullins
Co-Founder, VP Glam Publisher Network & Ad Operations
Ralf Hirt,
VP, International
Jennifer Salant
VP, Business Development
Ernie Cicogna
Co-Founder and CFO

Online sources have reported than Glam was looking to raise as much as $200M in August 2007. A document from Glam’s financial advisers, leaked on the Internet last year, suggested the above whopping amount but Mr. Arora says that Glam didn’t plan to raise that much in this round, and that the funds actually raised exceeded its board’s targets. He says the company expects to continue to increase its debt financing to as much as $100 million, in line with its revenue growth. Theresia Gouw Ranzetta, a Glam director and general partner at Accel Partners, a Glam investor, says she had initially wanted the company to raise just $40 million or $50 million. She concluded it wouldn’t be bad to raise a bit more as a “rainy-day fund” because of current macroeconomic uncertainty. The company, according to their original offering document is not yet profitable. They lost around $3.7M on $21M in revenue in 2007 but they project revenues in $150M range for 2008 with promised $40M in profit. The company was launched in 2005 and had previously taken $30M. The company has an ambitious plan to build its own “AdSense”, which they call Glam Evolution Ad Platform.

Major competitors include iVillage, AOL Women, CondeNet, Elle.com, auFeminin.com, Womensforum.com, SINA Women, QQ.com Women, BabyCenter Network, among others.

In today’s hugely competitive environment ad networks are working in everything boils down to who pays more the web publishers. Glam claims it pays most to its web publishers, but it is hard to believe how Glam can out pay Google when they had just $21M in revenues last year while Google’s payout was almost $4B to its web publishers for 2007. Let’s put it that way who earns more from the ad networks is who is going to be capable enough to pay more to the web publishers.  
More

http://www.glam.com/
http://www.glammedia.com
http://www.glammedia.com/about_glam/news/2008/02/25/glam-media-raises-85-million-in-private-strategic-financing/
http://www.techcrunch.com/2008/02/24/glam-closes-massive-d-round/
http://online.wsj.com/article/SB120390178731489459.html
http://www.docstoc.com/docs/412152/Glam-Media-Teaser-August-2007
http://www.techcrunch.com/2007/08/12/is-glam-a-sham/
http://www.techcrunch.com/2007/11/13/more-misplaced-glam-exhuberance/
http://www.crunchbase.com/company/glammedia
http://en.wikipedia.org/wiki/Glam_Media,_Inc.
http://venturebeat.com/2008/02/24/womans-network-glam-raises-846-million-at-half-a-billion-valuation-adconian-raises-80m/
http://www.glammedia.com/about_glam/our_story/competitive_landscape.php
http://news.speeple.com/business2.com/2007/08/13/bubble-watch-glam-media-shops-around-a-200-million-private-placement.htm
http://valleywag.com/360436/glam-media-raises-84-million-far-short-of-its-200-million-goal
http://valleywag.com/tech/online-advertising/glam-media-not-looking-so-beautiful-288964.php
http://venturebeat.com/2008/02/20/trends-secretive-new-york-bank-allen-co-gets-into-silicon-valley-media-tech/
http://www.foliomag.com/2008/glam-media-gets-85m-private-equity-financing
http://samirarora.com/html/bio.html

Page creator Jimdo landed the Samwer Brothers as investors

It has been so much noise around Facebook lately and whose their next investor is going to be so that great small start-ups have naturally been overlooked. One of those is a tiny German based start-up called Jimdo. What is in common between Jimdo and Facebook, you may ask? There is nothing in common aside the fact that they have an investor in common – The Samwer Brothers. Just two months before they invested in Facebook with plans to take the company to Europe, the brothers have poured money into Jimdo through their European Founders Fund. The Samwer Brothers are Jimdo’s first large-scale investor. The amount of the investment is not publicly disclosed.

Jimdo is an AJAX-based web pages creation tool similar to Google Page Creator, allowing users to create homepages completely over the Web, without any knowledge of HTML. Jimdo is perhaps most popular with the fact that you can easily grab a design from any site and apply to yours in a couple of steps. Jimdo is available in several major languages such as Deutsch, English, French, Chinese, Italian and Russian

Jimdo is really easy to use as the company’s web site claims. Once you’ve registered for your own JimdoFree-Page, they will immediately send you an e-mail with a link to your Page. After logging in to the admin mode, you’ll discover Jimdo’s greatest innovation: you practically won’t notice a difference between the site as it appears online and the site as it appears in admin mode!  You can also integrate photos, videos, RSS feeds and downloads just as easily! Your visitors will immediately be able to see any changes that you make.

More about Samwer brothers

After selling the German Internet auction site Alando.de to eBay for $50 million in shares, the brothers have made names for themselves and have become even more involved with startups since. After a brief spell working for eBay, they then set up ringtone firm Jamba, which they sold to the U.S. company Verisign for $273 million in shares and cash in 2004. Little later they have also invested in the German Twitter clone, Frazr, and a handful of other startups. Interestign fact to note is that the Samwer brothers also invested in the Facebook clone StudiVZ, which was sold about a year ago for $112 million. Taking these facts and achievements into consideration we would not be that far in our conclusions if we say the guys are successful serial entrepreneurs and they have something to do with the social networking, at least in Europe. It already comes as no surprise they are interested to bring the most popular social site into Europe and lock down exclusivity for the market.

The Samwer brothers have become the strategic partners for Facebook in Europe. In 2006, they established the European Founders Fund to invest in promising Internet companies.

More about Jimdo

In 2004 we founded NorthClick on an old farm. Without a cent we moved in at Fridtjof’s home and developed the online-software that now is the core of Jimdo. NorthClick distributes this software to small and medium sized enterprises who can use the software for updating their websites really easily. Short after the founding we won a business plan competition, which gave us approximately 20,000 USD.

In combination with some basic agreements and our first customers we had enough money to move to Hamburg and rent our first office. Since then, we already moved into a bigger office and have a rising number of customers and colleagues!

During the last four years more and more of our friends asked us whether they could use our system for private stuff. We were so fascinated by the cool pages they created! Some used the system for pages about themselves, three guys used it to document their sailing trip from Germany to Sydney, some to promote their bands… and the feedback was just unbelievable!

That’s when the idea was born to give Pages to the People!

The team (the founders)

Matthias Henze
Marketing, Distribution
1979. Matthias has a diploma in business studies. He studied at the universities of Kiel, Germany and Goteborg, Sweden. In 2004, he was one of the founders of NorthClick, and of Jimdo in 2007. Almost every evening he puts up a good fight against Fridtjof and Christian (it’s all about being the best in Atomic Bomberman).

Fridtjof Detzner
Interface Design, System Development
1983. Fridtjof and co-founder Christian founded his first company, web agency dream-up.de when they were still going to school. Later he founded NorthClick and Jimdo together with Christian and Matthias. At the moment, he practices handstand-running and furthermore he is innovator of the so-called “salary-golfing”.

Christian Springub
Programming, System Development
1982. Christian founded with Fridtjof the web agency dream-up.de, later with Matthias and Fridtjof NorthClick and Jimdo. If Christian is not in the office, the noise level decreases at once!

~~~~

More

http://www.jimdo.com/
http://www.jimdo.com/blog.php
http://howsyourburger.jimdo.com
http://cornelia-travnicek.jimdo.com
http://mashable.com/2007/10/16/jimdo-samwer/
https://web2innovations.com/money/2008/01/21/after-samwer-brothers-nokia-is-also-going-to-invest-in-facebook/
http://www.techcrunch.com/2007/08/15/steal-this-template-with-jimdo/
http://venturebeat.com/2007/08/15/jimdo-lets-you-create-a-website-or-clone-someone-elses/
http://www.downloadsquad.com/2007/04/04/create-websites-easily-with-jimdo/
http://webware.com/8301-1_109-9704384-2.html?tag=blog
http://blog.outer-court.com/archive/2007-03-16-n33.html
http://ajax.phpmagazine.net/2007/03/jimdo_pages_to_the_people.html
http://themarketingblog.wordpress.com/2007/07/29/people-pages-and-fun/
http://www.genbeta.com/2007/03/15-jimdo-y-noovo-servicios-de-creacion-de-sitios-web-de-forma-facil
http://nioumedia.com/?p=158
http://www.europeanfounders.com/

Mint.com – the financial-planning startup with an army of high-profile investors

First off, Mint.com is a neat, well organized and professional web site to put your finances under control. Explained in layman terms Mint helps you find better interest rates on bank accounts, credit cards, and other financial products. But here is the interesting part. The site officially launched in September 18, 2007, after nearly two years of development and significant private beta testing, and in just a few weeks, after being announced winner on TechCrunch40, the site took seriously off. In just 18 days, the company said, they had reached more than $2 billion worth of people’s personal financial accounts, and identified more than $40 million in potential savings for those members. In a moment Mint ended up having a new member every five seconds. It turned out that people really will do anything to save a buck. There were more than 50,000 accounts opened up. And logically the investors jumped in. Total funding in no time reached $5.5M for Mint Software. Institutional investors include Shasta Ventures and First Round Capital and the company’s angel investors are Josh Kopelman, Rob Hayes, Tod Francis, Ron Conway, Mark Goines, Geoff Ralston, Jeff Clavier, Sy Fahimi and the last but not least Ram Shriram. Some of the angels are top executives from  eBay, Intuit, Google, Yahoo, Charles Schwab, Wilson Sonsini, Reuters, Adteractive, and Weblogic/BEA. Under no doubt it is not every day you can see such a jumpstart for a start-up company.  The company’s founder Aaron Patzer has an interesting story to tell about one of his angels – Ram Shriram (an early Google investor). Ram Shriram actually came in about a month after we closed our round. At the time we only had about $200k open in the round. Unlike most investors (who wait a week, talk to their friends, bring you back for multiple meetings), Ram said “Okay, I’m in” before I was done with the presentation. He then explained that he had no upper limit on what he could invest (good problem to have!), but that his accountants lose track if he doesn’t invest at least $500k. So needless to say, we opened the round up a bit.

Today, just a few months later, Mint claims to have already well over 100,000 registered members (accounts) and is now organizing $6 billion in user transactions, and has identified nearly $90 million in savings opportunities. The company says users are telling them, via their rapid adoption and through survey feedback, that Mint.com is enabling them to do more with their money.

Mint.com’s first customer survey, conducted in December, 2007, shows that 87% of respondents feel they better understand their spending after using Mint. And nearly half of them have changed their spending behavior as a result of what they’ve learned.* the most frequent change being eating and drinking at home more often.

More about Mint

Mint is the freshest, most intelligent way for you to manage your money online. Not only is Mint free, it saves you money. While existing personal finance software packages require hours to set up, a passion for accounting (is that possible?) and hours of weekly maintenance, Mint is virtually effortless.

With Mint, you can be fully up and running in less than five minutes. After that, revolutionary, patent pending Mint technology does the rest, with virtually no more work required. It automatically pulls together your bank, credit union and credit card data, and provides up-to-date and amazingly accurate views of your financial life – from the big picture to specific details, in a friendly and intuitive way.

In addition, Mint goes beyond visibility and analysis; providing personalized money-saving and money-making suggestions. Mint provides users an average of $1,000 in savings opportunities during their first session. Plus, Mint is proactive— alerting you when you are overbudget, have a low balance, need to pay a bill, and more.

Mint is safe and secure: we never know your identity and we provide bank level data security.

How Mint works
Mint is a modern, powerful, easy and secure web-based solution for managing your finances. And it’s free. You register anonymously using any valid email address, and then add the log-in information for the online bank, credit union and credit card accounts you want to consolidate in Mint.

Mint connects to over 3,500 US financial institutions. Your account information is updated each night. Mint automatically categorizes all your purchases, showing you how much you spend on gas, groceries, parking, rent, restaurants, DVD rentals and more, with amazing precision. An advanced alerting system highlights any unusual activity, low balances, unwanted fees and charges, and upcoming bills so you’re in constant contact with your money – effortlessly. 


Mint goes way beyond just reporting. Using a patent-pending search algorithm, Mint constantly searches through thousands of offers from hundreds of providers to find the best deals on everything from bank accounts to credit cards; cable, phone and Internet plans, and more. Mint’s suggestions are “unique to you” as they are based on your individual spending patterns. For example, if you have $20,000 in a bank account that’s earning no interest, Mint might recommend a high interest rate savings account from ING or HSBC. Acting on that suggestion would give you an extra $900 in interest income over a year.

Key Benefits
Mint is an entirely new approach to personal financial management. You don’t work for Mint, it works for you. We think you’ll love Mint because it’s:

Easy to use: You’re up and running in under five minutes. And Mint does virtually all the rest.

Comprehensive: Mint provides detailed visibility into virtually all your financial relationships with a single, secure login.

Visual and Analytical: Mint gives you powerful insights into your finances – making it easier to make good financial decisions

Constantly working to find you savings: Mint typically finds users $1,000 in savings opportunities in their first session – minutes after registering. And Mint keeps looking for new ways for you to save every day — continuously comparing your needs to product, service and bank offerings most relevant to you.

Secure: Mint provides bank level data security and industry leading identity protection. Its security and privacy have been validated by VeriSign and TRUSTe.

Always On: You’re automatically notified of upcoming bills, low balances, and any unusual activity in any of your accounts, through one (m)interface.

Anywhere/anytime access: You can get to Mint anywhere, anytime over the web

And it’s Free!

Breakthrough Technology
Aaron’s personal experience led him to create to two breakthrough technologies which make Mint so useful, intuitive and unique:

Patent-pending categorization technology that automatically identifies and organizes purchases from descriptions in the electronic records at banks and credit card companies.  A proprietary search algorithm which finds savings opportunities unique to each user.  Mint’s technology does everything automatically in a way that other online banking applications and personal finance management software can’t. It provides useful information and smart, specific recommendations for saving or making more money based on each user’s individual purchase history. Today, after nearly two years of development and significant private beta testing, Mint is preparing to announce the public beta of Mint.com. The company has put together an experienced executive and engineering team, and has attracted funding from top tier venture capital firms and angel investors.

Security

Security is crucial when someone is dealing with your financial information and it is no wonder there were many debates surrounding Mint in the public space. We have dug information up ourselves and have found many interesting commentaries made by Mint’s CEO, which we enclose below. Below is what Aaron Patzer, Founder & CEO at Mint.com, has to tell about security.

To all those who are concerned over Mint.com security, a few points:
1) You’re anonymous on Mint.com
2) Our security is independently verified
3) Email & text-message alerts help identify fraud immediately… and being proactive is the best measure.

I’ll make a bold statement: You’re safer on Mint then with online banking. On Mint, you’re completely anonymous. We never ask for a name, address, or SSN – just an email. We know about your finances…but not about you. We’re also independently verified by VeriSign, TRUSTe, and several outside agencies.

We also have serious physical security. Our servers are in a secure, unmarked facility. To get in, you need to pass 3 biometric scanners, 4 locked doors, and several guards. We have our own cage so we’re physically separated from all other companies. Cameras monitor our servers and power supplies 24/7. The servers themselves have additional locks. The hard drives are encrypted. It’s like Mission Impossible (except without the electrified floors…maybe one day).

Perhaps more interestingly, 90% of all fraud actually occurs offline, not online (e.g. someone swipes your card at a restaurant or from your mail). Because Mint sends proactive alerts for low-balance or unusually high spending, you’ll know right away. It’s better than logging into 4-5 different banks every day, or waiting 30 days for a paper statement before finding that something went wrong.

By law you have:
– $0 liability for credit card fraud,
– $50 liability for bank fraud (if you notify your bank within two days)

Again, 90% of all fraud starts offline, for example when someone takes your credit card at a restaurant, or digs through your mail. Sadly, a large portion of fraud is actually committed by friends and family members.

Mint.com helps keep you safe by providing email and text-message alerts for:
– Low balances (e.g. someone is draining your account)
– Unusual spending (e.g. someone buys $1000 in electronics in a day)
– Low available credit

If there are any anomalies, Mint.com shows you right away. The alternative is to a) login to every single credit card, checking, and savings account every day to check for fraud, or b) wait 30 days until a paper statement arrives before noticing an issue.

By taking a proactive approach, Mint.com actually helps protect you from the vast majority of fraud – better than just about any website out there.

Concerning whether using Mint.com violates your bank terms & conditions:

Consider that Quicken and Microsoft Money ask you for the exact same credentials as Mint.com, and have been for the past 10 years. MS Money even uses Yodlee to make it’s connection to banks (same as Mint.com, BofA, and Fidelity).

The problem with those tools is they cost $30-$80, sunset their products every 2-3 years to force an upgrade, require an hour to setup, and take an hour a week to maintain.

Mint is like an extension to online banking: pull all your accounts together in one place, finally see where your money goes, get alerts on anything out of whack, and find savings opportunities worth an average of $1,000/user.

Mint never gives your information to third party advertisers. We have a proprietary database of financial offers, interest rates, and communications (phone, tv, internet, wireless) providers. The matching is done in software, anonymously.

Your information never leaves Mint.com. If or when you click through on a savings opportunity, no information is passed except that the click came from Mint.com.

Mint does make a small referral fee from advertisers on some offers. That’s what keeps Mint free. Whether we have a relationship with a provider in no way affects our ranking algorithm – we find users the best interest rate or lowest price regardless.

What this means in the end is Mint only makes money if we can find ways for the user to save money. And we think that’s pretty revolutionary. The only ads you see are ads that make you money…think about how different that is as a business model.

What the company, by that time, seemed not to be dealing with is the offers it makes are often not competitive with or comparable to what users are getting, mint is just having no way to know that!

For example, I have a Capital One card with 1% back. You see my Capital One account with ? for a cash return, and “offer” me a 1% back card (a *savings* of $250/year!). There needs to be a way to user input the specifics of current accounts and products before you offer to “save” me all that dough!

Mint has told by that time they are tackling the issue within the next month or so, they will be able to accurately capture the rewards earned on just about every credit card. Then, it will be able to accurately reflect the fact you are earning 1% back on your Capital One card. We were unable to dig something up from the public web as to whether this issue has been fixed or not.

Some more drawbacks as we have found them around Web are as follows. You can’t import data to Mint in any way other than through your financial institution, meaning that if you’ve got years’ worth of financial data in Quicken, don’t count on importing it to Mint. That said, Mint can load over a year of your most recent financial data (depending on how long your institution provides it) when you sign up.  On a similar note, Mint doesn’t export data—meaning if you decided to ditch Mint for another money management solution, you’re not going to get a CSV file or any other export of your data.

The most notable and practical drawback to Mint came in the form of strangely named, incomplete transaction descriptions (the imported name was strange—the actual transaction name at the originating financial institution was more descriptive). As a result, I ran into problems setting up renaming rules for transactions in Mint. For example, a transaction that read in my checking account (at the actual US Bank web site) as “Web Authorized Payment AT&T” showed up in Mint as “Web Payment” or something along those lines. I set Mint to automatically rename this transaction to AT&T, but then every Web Authorized Payment in my account was renamed AT&T, although some were gas or water and power bills. Similarly, “Purchase with PIN” shows up in the ledger as “With,” which is not terribly helpful. Next to the all-in-one account integration, automation is Mint’s biggest draw—which means these sort of minor issues need worked out before you can set up renaming rules with complete confidence (especially since you can’t currently undo renaming rules). On the flip side, Mint claims to accurately identify and rename 90% of imported transactions without any need for user import, compared to Quicken’s 40% (their numbers).

Management team

Aaron Patzer
Founder and CEO
Aaron is both the visionary and technical mind behind Mint, the first free, automatic and secure way to manage and save money online. He designed Mint to meet his own needs and those of people like him who value the immediacy of the Web, simplicity and their free time. With 10 patents filed or pending, Aaron brings strong innovation skills to Mint. Prior to founding Mint, Aaron was an architect and technical lead for the San Jose division of Nascentric. Before Nascentric, Aaron worked for IBM and founded two web development and online marketing companies: PWeb and International. Aaron holds an MSEE from Princeton University and a BS in computer science, computer engineering, and electrical engineering from Duke University.

Aaron’s Financial Personality? Über-Frugal but lusting in his heart for expensive cars.

Donna Wells
Chief Marketing Officer
Donna brings over twenty years’ experience in strategic management and marketing to the Mint team, with specific expertise in the financial services industry and online demand generation. She led client acquisition/retention, brand-building and product development for organizations ranging from start-ups to global brands – including Expedia, myCFO, Intuit, Charles Schwab and American Express. Prior to Mint, Donna was Senior Vice President of Marketing at Expedia, where she was responsible for strategic direction of the company’s brand, advertising, direct marketing, customer and partner marketing and market research. At Intuit, as Vice President of Corporate Marketing and acting CMO, she led the company’s corporate marketing functions and general marketing strategy. She also served as Vice President of Intuit’s Small Business and Personal Finance division, responsible for direct marketing, channel marketing and market research for the Quicken, QuickBooks and Small Business Services businesses. Donna joined Intuit from myCFO, Inc., where she was Chief Marketing Officer. She previously held senior positions at Charles Schwab, where she led marketing for segments representing 70% of all Schwab client households, and American Express, where she launched the Gold Rewards and Platinum Corporate Cards. Donna holds a MBA from Stanford University’s Graduate School of Business and a BS in Economics from the Wharton School at the University of Pennsylvania. She is a past Board member of the Financial Women’s Association of San Francisco and the Marketing 50.

Donna’s spending personality: Unremarkable, except in her weakness for luxury hotels.

David K Michaels
VP Engineering
David has over 10 years experience in building secure, distributed, fault-tolerant systems. David was most recently leading the development of server products for PGP, where he helped design, build and ship three major versions of the company’s  flagship product: PGP Universal. Prior to PGP, he built a high-volume financial information product targeting online retail equity traders. David was on the server team at NetDynamics (acquired by Sun Microsystems), implementing core features for security, scalability, fault-tolerance, distributed load balancing, and performance. He has also worked at GeoCities, where he developed the company’s first capability to insert advertising banners on its pages. He has held several positions with Lawrence Livermore National Laboratory working on distributed systems and the WWW. David holds a M.S. in Computer Science with honors from Stanford University and a B.S. in Computer and Information Science from the New Jersey Institute of Technology.

David’s Financial Personality? Conservative and analytic in all spending categories Dining Out. Major Foodie.

Aaron Forth
VP Product
Aaron brings over ten years’ of product development and product management experience to Mint. Prior to joining Mint, Aaron held several leadership positions at eBay and Half.com (acquired by eBay Inc.). Most recently, as Director of Advertising, Aaron was responsible for product strategy, design and product development. Aaron has a background in multivariate testing used to drive analytically-based decisions around product design, improved user experience and strategic partnerships. Prior to working in advertising, Aaron managed internet marketing and product management teams, focused on search engine marketing, search engine optimization and affiliate marketing. Aaron’s career in software was established at Kana Communications, Inc., a CRM software start-up. He holds a bachelor’s degree in Earth Sciences from University of California, Berkeley.

Aaron’s spending personality: Frugal at heart. Focused on enjoying life in practice.

Anton Commissaris
VP Business Development
Anton is responsible for Mint’s business strategy, revenue and partner development. Anton brings to Mint over 15 years of experience in the software and Internet sectors spanning legal, operations, marketing and business development roles. Prior to Mint, Anton was Vice President of Business Development at Right Hemisphere, the leader in visual product communications and collaboration. Prior to Right Hemisphere, Anton was Director of Business Development at Spotlife (Logitech) a pioneer in Web consumer video solutions. Anton began his career as an attorney working in London and Paris, and then in Palo Alto, California at Wilson Sonsini Goodrich & Rosati, the leading law firm for emerging growth high technology companies. He holds law degrees from the University of Auckland and the University of Montpellier, France.

Anton’s Financial Personality? The ultimate deal-seeker and most passionate negotiator. We love having him run Biz Dev.

Mint has been named Best of Show at the 2007 Financial Innovations conference. Mint has also been chosen as the best presenting company at TechCrunch40 and has won a $50,000 cash award. In December 28, 2007 Mint.com has also won the 2008 PC World 25 Most Innovative Products Award.

Competitors and similar companies include BillMonk, Expensr, Wesabe, Zecco, Buxfer, SpendView, Geezeo, sMoneyBox, FreeAgentCentral, Covestor.com, Yodlee, wclipperz.com and passpack.com, among others. Of course, Intuit is the major player in the space.

More

http://www.mint.com
http://www.mint.com/blog
http://www.mint.com/press/downloads/release_20080108.pdf
http://www.mint.com/press/downloads/release_20071228.pdf
http://www.techcrunch.com/2007/10/16/mints-47-million-a-round/
http://www.crunchbase.com/company/mint
http://www.techcrunch.com/2007/09/18/mint-wins-techcrunch40-50000-award/
http://www.techcrunch.com/2007/11/14/billeo-secures-7-million-in-financing/
http://www.techcrunch.com/2007/10/07/mint-rakes-it-in/
http://www.netbanker.com/2007/10/mint_mortgagebot_and_prosper_w.html
http://www.informationweek.com/windows/showArticle.jhtml?articleID=178600217
http://www.crunchbase.com/person/aaron-patzer
http://www.linkedin.com/in/apatzer
http://twitter.com/apatzer
http://digg.com/users/apatzer
http://consumerist.com/commenter/apatzer/
http://www.spock.com/Aaron-Patzer-NBd4i1sF
http://www.techcrunch.com/2007/09/18/techcrunch40-session-5-productivity-web-apps/
http://blog.mint.com/blog/personal-finance-interview/personal-finance-interview-with-aaron-patzer-of-mymintcom/
http://blog.mint.com/blog/personal-finance-interview/mint-team-spotlight-sid-bhatt/
http://www.finovate.com/
http://r3fresh.com/2007/10/09/how-secure-is-mintcom/
http://www.nytimes.com/2007/11/22/fashion/22CYBER.html?ex=1353819600&en=6199204353c38df5&ei=5124&partner=permalink&exprod=permalink
http://venturebeat.com/2007/09/18/mint-the-easiest-way-to-manage-your-personal-finances/
http://lifehacker.com/software/screenshot-tour/is-mint-ready-for-your-money-312083.php
http://consumerist.com/consumer/budgets/mintcom-+-a-new-free-personal-finance-management-site-301172.php
http://en.wikipedia.org/wiki/Ram_Shriram
http://www.pcworld.com/article/id,140663-c,technology/article.html

Peanut Labs closes its Series A round of funding

Yesterday we were tipped off that both LeapFrog Ventures and BV Capital have invested in San Francisco start-up called Peanut Labs. The funding is in the $3.2M range and is the company’s Series A round.

Peanut Labs helps social networks monetize, not through the traditional ad-based models, but via market researches and online surveys. The company also says that publishers — more than 70 found on social networks, applications and online communities like Facebook, MySpace, and members of Google’s OpenSocial — receive on average $20,000 per publisher a month.

CEO and Founder Murtaza Hussain isn’t new to the business. Peanut Labs developed their technology based on their own efforts to monetize Xuqa, the now-profitable social network in Turkey. By expanding this business model across several social networks, Peanut Labs proves that social networks and Facebook apps can create profitable revenue streams.

Peanut Labs is said to be profitable but no public information as to the revenues and profits is available, aside claiming profitability and seven figure revenues. The same is for the next year – Peanut Labs expects eight figure revenues in 2008. It can be anything between $1M and $9M and it could also mean anything between $10M and $99M respectively!?

The $3.2 million cash infusion will be used for continued product development towards Peanut Labs’ patent pending market research sampling technology, which is highly effective at reaching the sought after 13-25 year-old demographic known as Gen-Y.  The funding will also be used to actively service Peanut Labs’ burgeoning list of market research clients and enhance the survey-taking experience, a crucial part of Peanut Labs’ Sample3.0 technology.

“With surveys from the gaming, consumer products, entertainment, automotive and cellular industries, the demand for our uninhibited access to this taste-making demographic is exploding.  This round of funding will allow us to expand service to our active list of premier market research clients to give them the highest quality sample,” said Murtaza Hussain, chief executive officer and co-founder of Peanut Labs.  “We feel our business model proves that social networks have alternative ways to maintain profitability that yield revenue increases up to five times higher than with ineffective, ad-based models.”

Found across more than seventy social networks, Peanut Labs helps web publishers create revenue streams through market research surveys.  Each time a member of the social network completes a survey, the publisher earns a sum of money.

“Partnering with Peanut Labs has proven to be a most profitable way to monetize our Facebook applications,” said Josh Liptzin, CEO of Phase 2, Inc., a Peanut Labs publisher.  “There has been much talk surrounding the effectiveness of advertising as a means of revenue, but there is no question that Peanut Labs’ market research surveys are an excellent source of income and appealing to our users to enhance their overall experience.”

More about Peanut Labs

Peanut Labs is a rapidly growing provider of market research services backed by the investors of Skype, Yahoo eGroups and Del.icio.us. We provide access to hard-to-reach demographics for market researchers – and are the leading provider of Gen Y sample for market researchers today.
 
We have developed a research technology integrated across 70+ social networks and an online community that has demographically profiled, aggregated, and engages with millions of members each day. Our technology provides access to a recruitment audience of more than 27 million users.
 
Peanut Labs has partnered with many of the most popular MySpace, FaceBook and Google Open Social applications.

The company claims their network is able to reach more than 10 million users. Their platform enables publishers to better monetize their communities by allowing their users to participate in market research studies. On the other side their platform enables market researchers to gather high-quality data from Gen Y users by reaching them where they spend most of their time – on the Net. Because of their recruiting methods, their panel is free of professional survey takers. Peanut Labs enables access to hard-to-reach groups for the market research community.

Peanut Labs claims to have more than 70 sites participating in their network with total audience of 27M where the daily reach is said to be 4M. The site also claims to have 58 new sites applying to join the network monthly with only 10% of them being accepted.

The company also claims to be able to increase your revenues 3x – 5x more than what your are earning from advertising, which means 100,000 – $1 million in net profit for your organization in one year.

To be eligible, your site needs to have an Alexa ranking of 10,000 or better. At least 25% of your users must be from the US. You must have some way to communicate with individual, registered users (such as on-site messages or emails) on your site. And you need to have some type of incentive system (point, virtual items, community rankings, premium content, locked features etc).
 
Alexa ranking is seriously discredited so we do not understand why Peanut Labs is relying on Alexa to determine the real number of visitors a web site has.

The People

Murtaza Hussain, Chief Executive Officer Murtaza Hussain is the co-founder and CEO of Peanut Labs, provider of advanced market research services and developer of Sample3.0. In his role, Murtaza leads the company’s overall strategy and product direction. Murtaza has been instrumental in forming industry changing partnerships that bridge social media and online communities with the business application needs of the market research community.
 
In recent years, Murtaza has been heavily involved in the technologies supporting social media, and is has developed expertise in the practice of building online communities. Murtaza participates regularly as a speaker at industry events, including the Facebook Developer’s Conference, Widget Summit 2007, SNAP Summit, and Community Next.
 
He was most recently co-founder of XuQa.com, a leading online casual gaming community, which was built to 2M+ users and profitability. In 2001, Murtaza founded Gaming Ventura, an international entrepreneurship holding group which he has successfully been leading in his capacity as President for the previous 6 years.
 
Murtaza is a natural inventor and web developer, leading his team to three consecutive first-place finishes in the Intel International Schools Educational Olympiad from 1999-2001. He was the captain of Team Pakistan in the International Enterprise Olympics, where his team finished third globally. For two seasons, Murtaza also hosted a national youth TV show in Pakistan that boasted a viewership of more than 10 million.
 
He was pursuing a Bachelors of Arts in Anthropology at Williams College, MA prior to leaving academia to start the company.

Other members of the management include Ali Moiz, Prosper Nwankpa, Sean Case, M. Noman Ali and Lisa Duryea.  Board of Directors include Murtaza Hussain, Prosper Nwankpa, Thomas Gieselmann, Pete Sinclair and Simon Chadwick.

Investors

BV Capital
Silicon Valley and European based BV Capital invests in new opportunities and innovations in the internet space. BV Capital’s portfolio includes companies that are significantly changing the landscape of business and communication today including Angie’s List, Cranite, and shopping.com (eBay).
LeapFrog Ventures
Enablers of great ideas, LeapFrog Ventures has invested in companies that are well positioned for high growth. Known for their commitment to excellence, LeapFrog has had a selective portfolio companies including Octel, Symantec, Intrisa, Striva Software and Netli.

The company has also been named one of 50 “Companies to Watch in 2008” by the Dow Jones VentureOne Summit advisory board.

Similar companies include AdFish, PollDaddy.com, Constantcontact.com/survey, surveyclub.com and BoxTticker.com, among others. 

More

http://www.peanutlabs.com
http://www.peanutlabs.com/peanutlabs/files/documents/PeanutLabs_Sample3.pdf
http://ventureonesummit.dowjones.com/
http://en.oreilly.com/gspwest2008/public/schedule/speaker/2026
http://www.pehub.com/article/articledetail.php?articlepostid=10405
http://sanfrancisco.bizjournals.com/sanfrancisco/gen/company.html?gcode=74717C66139341F49A7F47D27A548B82
http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2008/02/18/daily6.html
http://www.leapfrogventures.com
http://www.bvcapital.com/

Sharing digital media start up has raised $2.5M

A couple of months ago a tiny start up called Treemo has taken its first round of funding in the $2.5M range. The funding was led by JK&B Capital. The company is a media sharing service for the Web and mobile phones service and like many other players in the space Treemo looks to appeal to musicians and artists and build online communities around them. The company recently held a contest with Sony featuring the band Velvet Revolver.

The site’s users can chose whether to allow advertising on video and audio pages and receive part of the revenue derived therein or decide to keep ads off their video pages. Company founder Brent Brookler says that revenue sharing will start once a critical mass is reached and that the split will probably be 50/50. Beyond advertising revenue, some sort of premium service level will be made available. There is also drag and drop file management, flash embedding and public or friends network permission levels.

Treemo has secured deals with a few US mobile carriers including AT&T.

The company plans to use the additional funding to help expand its entertainment partnerships as well as gain further distribution with mobile carriers. Known angel investors in the company include Intermix/MySpace co-founder Brett Brewer.

The company, known prior to launch as HyperMob, is made up of executives with extensive experience in mobile technology. The company’s founder is Brent Brookler.

We have consulted with Quantcast to see how popular the site is today and it turns out to be not popular one reaching less than 10,000 American visitors. The site is not quantified so that this traffic number might not be accurate.

More about Treemo

Treemo is an online and mobile community dedicated to sharing digital media, empowering self-expression, and transforming creativity into action. By offering an ever-evolving gallery of video, audio, photography, words, and visual art, Treemo inspires visitors to create their own digital expressions, and to share those creations with the world – on the web and on mobile phones.

The Treemo team is comprised of passionate individuals, pioneers in creating Internet and mobile applications with companies like Mobliss, MountainZone, MSN, AT&T Wireless, Cingular, McCaw, Lucent, and a wheelbarrow full of others. With our combined know-how, we’ve built a flexible, intuitive platform to usher in the golden age of ubiquitous broadband; an innovative infrastructure that enables everyone everywhere to broadcast their unique life experience to the whole wide world.

Treemo believes in the freedom of expression, the sanctity of diversity, and the brain-boggling possibilities inherent in new technology. We also have a yearning for learning, a desire to oblige our planetary obligation, and a drive to do our part for art. We believe in the Accountability Trifecta: people, planet, profits – in that order.

Let’s work together and harness all that creative energy. Let’s share stories, energize our communities, and preserve this perfect planet.

Treemo is located in Seattle, WA.

Similar companies include Mobango, Juice Wireless, PixSense and Zedge.net, which was rumored to have been acquired by a telecom company called IDT.

More

http://treemo.com/ 
http://blog.treemo.com/
http://seattletimes.nwsource.com/html/businesstechnology/2003284456_btinterface02.html
http://www.treehugger.com/files/2006/09/treemo_transfor.php
http://mashable.com/2007/10/16/treemo-funding/
http://mashable.com/2007/07/10/treemo/
http://mashable.com/2006/12/17/zedgenet-acquired-by-idt/
http://seattlepi.nwsource.com/business/284106_treemo08.html
http://mobilecrunch.com/2006/09/07/treemo-launching-today-new-mobile-content-network-opens-public-beta
http://www.techcrunch.com/2006/09/07/treemo-to-build-a-home-for-concerned-multimedia-producers/
http://www.crunchbase.com/company/treemo
http://www.quantcast.com/treemo.com
http://mashable.com/2006/09/07/treemo-launches-youtube-plus-photobucket-on-your-phone/

fix8 has taken $3M for animated avatars for your cam

A couple of months ago the tiny start up company fix8 has raised $3 million in a series A round of funding from Vickers Venture Group, which is a Singapore-based private equity firm. Fix8 is a web cam avatar community that lets you create animated avatars with your web cam by reading your expressions and gestures. When we took a look into their web site we have discovered tons of tools that you can play around with, including fix8’s wide selection of pre-made avatars and other accessories like voice manipulation, graphics and editing tools. Those clips can easily be embedded in your website or social networking profile, or use it for your instant messaging client like AOL, MSN, Skype or Yahoo Messenger.

Fix8 has recently teamed up with a couple of other companies like Pringo and Stickam. fix8 has also expanded its signature technology through a key partnership with Shanghai Media Group (SMG) offering Auditions(TV) to create a new world of Interactive TV where audiences can submit fix8 content for insertion into LIVE or taped programming. fix8 will further bridge the gap between communication devices with the launch of fix8 MOBILE.

Fix8 has also teamed up with Camfess, the premier site for online confessions. The ability to choose your own level of “incremental anonymity” and “confess” without anyone knowing who you are makes Camfess and Fix8 the “perfect fit.”

“Our investment in fix8 is in response to ever-increasing consumer demand for User Generated Content from instant messaging to video sharing and interactive TV,” said Managing Director, Jeffrey Chi, Vickers Venture Partners. “fix8 is well-positioned to lead virtual communications for UGC, and we look forward to supporting their expansion.”

In-Stat estimates global UGC revenues will grow from $80 million in 2006 to $1.6 billion by 2011. IDC estimates enterprise IM will grow from 40 million users in 2007 to more than 140 million by 2009, making it the fastest growing communications medium of all time.

“From camera-to-camera chats to webcasting, video blogging to interactive TV — fix8 allows consumers to unlock their creative desire for expression through a new world of unique, rich animated content,” said CEO, Linh Duy Tang. “We are pleased to be aligned with Vickers, which understands the significance and monetization of User-Generated Content, a phenomena that has broad international appeal.”

While we kept on researching around for more information we came across the following user review on the service. Gave it a try for fun. The idea is great but they have a way to go.

  1. It does not work if you have glasses on, and some people’s eyes do not work with them off.
  2. I did not play around long enough to have my body in the picture also, but from the image above it seems the avatar sits in front of the user. It needs to be placed around them so that when users turn their heads sideways, you can not see their head, but the side of the avatar’s head.
  3. It could not see my mouth moving unless I tilted my head backwards so as to get more light on my face (I have a fluorescent light above me so my room aint dark).

Fix8 is based in Sherman Oaks, CA and is a division of Mobinex, Inc.

More about fix8

Fix8 is a unique interactive communication application that allows people to customize their on-screen virtual appearance in real-time using avatar technology and creative accessories. Fix8 integrates human expression analysis and rendering capabilities, avatar/facial sculpting and animation technology, voice manipulation, and one click 3D face maker design capabilities in one package. Fix8 can create live streaming enhanced video to integrate into IM or other broadcast (such as TV) experiences, or record still images and fully-rendered videos.

While certain elements of the Fix8 product line can be found in the competitive landscape, the core technology to provide real-time animation in a consumer oriented application is unduplicated. Further, the specific feature set(s) offered in the Fix8 product line is unique and disruptive.

Fix8 differentiates itself from the competitive set by offering a unique easy to use application that incorporates avatar technology, 2D/3D facial accessories and flash animated accessories, voice masking and altering, and the ability to for a user to create their own individual set of avatars through use of photorealistic images all married with Fix8’s own IP that analyzes and renders human expressions so that the rich animated creations match the movements of the user in real-time for use in video and streaming.

Fix8 has coined the term user-generated reality to define the broad spectrum of creative self-expressive user-generated animation in real-time. Fix8 enhances the entertainment and enriches the communication experience of its clients’ customers by breathing new life into digital channels across multiple mediums.

The team

Linh Duy Tang, but you can call him “TANG”
President / CEO
 
Mr. Linh Tang is a senior executive (but he is really quite young at heart) with a demonstrated record of accomplishment in worldwide business operations. Tang’s vast experience in technology, operations and management make him the ideal fit to lead Fix8 on its mission to revolutionize virtual communication and expression. Tang is responsible for more than just Fix8’s vision and strategy; he is responsible for driving the “Innovation Bus” all the way to the user. A veteran of several startups with 15+ years in IT and consumer goods industries, Tang is – quite simply – THE MAN.
 
Chuning Ho, our very own voice of reason
Vice President of Operations
 
Ms. Chuning Ho brings over 17 years experience in application development, project deployment, executive management and business operations to the Fix8 team. As a founding member of the management team from initial start-up to present, Chuning knows where all the bodies are buried. Her main responsibilities include (but are not limited to) resources management, process standardization and communication strategy establishment and implementation. Chuning also manages to keep the entire team in check almost effortlessly. She is Fix8’s own secret weapon.
 
Scott Freeman, he sees dead people
Vice President of Finance
 
Mr. Scott Freeman brings extensive financial management experience to the Fix8 team. Scott did hard time with Deloitte & Touche, working in their entrepreneurial division, before he made his move to California Suncare, Inc. where he was instrumental in growing the company from $3M in revenue to $45M and assisted in its sale to a private equity firm for approximately $88M. Long story short, Scott knows how to make money and can see a deal well over a mile away. With a wife that is a successful interior designer, a daughter who is an artistic savant and a son who is a terror on the soccer field, Scott doesn’t have to work but he believes in Fix8 and, honestly, someone needs to keep Jake and Dinesh in check.
 
Dinesh Bhatia, proving that there are nice guys in sales
Vice President of Sales
 
Mr. Dinesh Bhatia brings direct experience in the wireless, television, Internet and software industries to the Fix8 team. Dinesh is a pretty smart guy; he graduated from Washington University with double degrees in Electrical Engineering and Computer Science and a Master’s Degree in Biomedical Engineering from Imperial College, London. Dinesh loves the disruptive creation and generation process of the software development community and is responsible for building strong partnerships to enhance the Fix8 user experience through added competitions and connectivity. In his spare time, he loves fiddling around with computers, gadgets, his saxophone and keyboards, photography, astronomy and spending time with his family. Dinesh also loves long walks on the beach – but this is not a personals ad – so let’s stop here.
 
Raphael Ko, it is rumored that he has brothers named Donatello, Leonardo and Michelangelo
Vice President of Engineering
 
Mr. Raphael Ko brings extensive experience in software development and information technologies management to the Fix8 team. Directly responsible for Fix8’s engineering activities, Raphael has drawn upon his 10+ years in software development as well as managing key projects in wireless applications, ERP, and IT services. Raphael’s love of photography and digital imagery fit right in with the Fix8 mission. Not much is known about Raphael’s past, in fact we can’t exactly put our finger on his start date either. One day he just suddenly appeared, fully formed and working (in all honesty) harder than the rest of us, so we let him stay. We still don’t know how he has the time to do what he does and still read all those issues of “Conan the Future Boy;” but some questions are best left unanswered.
 
Hao Zhou, Kevin Bacon stole the idea of six degrees from this guy
Vice President for Sales – China
 
Hao Zhou is a senior executive with an outstanding background in digital television and the new media industry. Shortly after learning how to crawl, Hao began his career as a system engineer, and quickly his work history grew to include sales and promotions of CATV, digital TV, broadband business, indoor and lift media and wireless value-add business. You know that guy who can do anything and has somehow managed to have successfully had every job available in the time it took you to pour your morning coffee? Yeah, well, Hao’s that guy. Hao’s ambition is what has brought him to the Fix8 team with one simple mission: Make Fix8 the next star shining over greater China. If anyone can do it, it’s certainly Hao. He’s our very own Hercules.

About Vickers Venture Partners.

The Vickers Financial Group is the venture capital arm of the Vickers Capital Group, an Asian investment house investing in alternative assets. Vickers Venture Partners is a leading venture capital firm focusing on early stage, high growth companies focused on Asian markets. The firm’s competency stems from the fact that its decision-makers have been part of and hence well-acquainted with the pulse of diverse domains.
 
The market

From what we were able to dig up it seems the space is extremely crowded. The competition include weblin.com, Meez.com, SecondLife, mypictr, gizmoz.com, miieditor, simpsonsmovie.com, gickr.com, Gravatar.com, imvu.com, Zwinky, digibody.com, Faketown, doppelme, SitePal, gaiaonline, imbee, myrl.com, Kaneva, blogoscoped.com, mojikan, frenzoo.com, clickbeurs.nl, Mr. Picassohead, whyrobbierocks.com, weeworld, and voki.com, among others.

More

http://fix8.com/
http://www.vickersfinancial.com/
http://mashable.com/2007/10/15/fix8-funded/
http://www.techcrunch.com/2007/10/15/fix8-raises-3-million/
http://mashable.com/2007/09/12/avatars/
http://mashable.com/2007/06/26/fix8-stickam/
http://webmaster.stickam.com/2007/06/fix8_partners_with_stickam_to.html
http://www.camfess.com/contents.php?cid=16
http://www.techcrunch.com/2007/05/31/fix8-brings-computer-generated-animation-to-the-webcam/

Qunar, a Chinese travel search engine, raised $10 million

Chinese web 2.0 market is hot up to the point where large-scale financial institution like Lehman Brothers has jumped on a travel start-up. Qunar.com is an online travel search engine that we’ve just found out it has raised $10M in its 2nd round a couple of months ago. The investment in the company was led by Lehman Brothers Private Equity and was joined by return backers GSR Ventures and Mayfield Fund.

The company is based in Beijing, China and was launched in 2005 and means “where are you going?” in Mandarin Chinese. The company was founded by Douglas Khoo, CC Zhuang, and Fritz Demopoulos who had founded and sold the CSEEK search engine to News Corporation and founded and sold the Shawei.com portal to The Tom Group.

Essentially Qunar provides a price comparison engine that leads users to transactions. Qunar makes most of its income from advertising fees. That concept and business model is not something new on Internet but is perhaps in its infancy in the huge Chinese market and Qunar is trying to tap into it.

Qunar is said that it expects to break even consistently in 2008 and it may seek an IPO listing in 2010 or 2011, either in Hong Kong or on the Nasdaq in US.

The market

As from what we were able to dig up Qunar competes with Ctrip and eLong, but analysts predict that it will grow 40%-50% year-over-year for the next couple of years. Qunar has been developing partnerships to get into the Japanese and Korean markets. Under no doubt the major global players on the online travel market are companies like Expedia.com, Hotwire.com, Orbitz.com, Priceline.com, Travelocity.com, TripAdvisor, Kayak, Mobissimo, among others.

Travel remains the single largest component of e-commerce according to Forrester Research, a consulting firm in Cambridge, Mass. But despite the dominance of online travel agency heavyweights as the companies cited above, most users consult multiple Web sites when shopping online for travel. The average consumer visits 3.6 sites when shopping for an airline ticket online, according to PhoCusWright, a Sherman, CT-based travel technology firm. Yahoo claims 76% of all online travel purchases are preceded by some sort of search function, according to Malcolmson, director of product development for Yahoo Travel. The 2004 Travel Consumer Survey published Jupiter Research released an interesting fact that “nearly two in five online travel consumers say they believe that no one site has the lowest rates or fares.”

More about Qunar

Qunar.com was founded in early 2005 by three entrepreneurs with a number of years experience operating exclusively in the Asian region – Fritz Demopoulos, Douglas Khoo, and CC Zhuang.

With a technology and product development team based in Beijing and directly located next to Beijing University and Tsinghua University, Qunar.com has developed its own proprietary multi-language price comparison search engine in conjunction with these leading institutions.

Qunar.com represents a significant step in the development of the constantly changing, albeit rapidly growing online travel industry within the region. For the first time, through Qunar.com consumers can quickly, easily and in real-time compare virtually all available prices for air tickets, hotels, car rentals and tour packages. In other words, Qunar.com allows consumers to get the best choices and value.

Qunar.com is the market leader in Asia, and we look forward to meeting the needs of the fast growing travel industry.

Currently, Qunar.com searches almost 400 Chinese-language travel web sites. These search results provide our consumers with real-time pricing information and other descriptive details from more than 100 airlines and 10,000 hotels servicing mainland China.

As the recognized “new star” in the online travel industry, Qunar.com will continue to provide outstanding service and dramatically change the way consumers search and purchase travel services.

The Company’s founders

Frederick “Fritz” Demopoulos has been involved in the Chinese media, internet and wireless industries for over seven years. He is currently a co-founder of Qunar.com. In addition to these current entrepreneurial business activities, Fritz has been an advisor to an array of well-known Chinese and international media companies including Titan Sports, Hai Run Media Group and InterActive Corp. Previously, Fritz was also interim head of business development at Netease.com. He joined Netease in 2001, and was part of the management team that oversaw a period of significant growth for the company, which eventually became the NASDAQ’s best performing equity in 2002. In 1999 Fritz co-founded and became CEO of Shawei.com. Financially backed by Intel Capital, Softbank and IDG, Shawei grew to become China’s largest sports internet portal. Shawei was subsequently acquired by Hutchison Whampoa affiliate The TOM Group in 2000. Fritz began his career in China in 1997 as Business Development Manager for The News Corporation Limited. He was actively involved in a range of initiatives with various News Corp-affiliated companies including ChinaByte.com, STAR TV, NDS and Twentieth Century Fox. A native of Los Angeles, Fritz was educated at UCLA, The Chinese University of Hong Kong, Karls-Ruprecht University and Cal State Fullerton. He is an avid golfer, tennis player and supporter of the Arsenal Gunners of the English Premier League.

Zhuang Chenchao “CC” is a recognized expert in internet technologies. He is currently a co-founder of Qunar.com and leads the company’s technology and product development. Prior to Qunar, CC was a member of the Systems Architecture team at the World Bank and was based in Washington DC. At the World Bank he was instrumental in developing a 130-country, 25-language intranet that was awarded “Best Intranet” by Nielsen Norman in 2003. Prior to relocating to Washington, CC was a founding employee and CTO of Shawei, China’s leading sports portal which was acquired by The Tom Group in 2000. In 1998 while still at university, he also co-founded Shanghai Wei Bo Technologies, a first generation text search engine. Shanghai Wei Bo secured early stage investment from IDG, and the company was eventually acquired by ChinaByte, an affiliate of The News Corporation. A native of Shanghai, CC was educated at Beijing University where he received a degree in Electrical Engineering. Among other pursuits, CC enjoys developing mathematical trading models and investing in the stock market.

Douglas Khoo has been involved in both the interactive and traditional advertising and marketing communications business for almost 20 years. He is currently a co-founder of Qunar.com and leads the company’s sales, marketing and business development activities. In addition to Qunar, Douglas is also a co-founder and investor in a range of online marketing service firms, including online advertising agency OneXeno and search engine optimization (SEO) firm Pixel Direct. Douglas is also Asia Director of Unicast, an internet advertising company specializing in rich media that was recently acquired by Viewpoint. Prior to these activities Douglas was a co-founder and Director of Shawei.com. Before pursuing these entrepreneurial opportunities, Douglas had a number of senior management positions during a 15-year career with the WPP group of companies, including Ogilvy & Mather, J. Walter Thompson, M-Digital and Mindshare. Notably he was responsible for Asia for building M-Digital, the online media buying and planning arm of WPP. Additionally, Douglas was GM of China for Mindshare. At WPP he was assigned to work in China, Hong Kong, Malaysia, Singapore and Indonesia. A native of Malaysia, Douglas earned a diploma in architecture from Jaya Institute of Technology. In his spare time Douglas is an enthusiastic golfer and traveler, and an avid reader of Booker Prize winners.
More

http://www.qunar.com
http://venturebeat.com/2007/11/21/china-roundup-youku-facebook-and-qunar/
http://www.thealarmclock.com/mt/archives/2007/11/chinese_online.html
http://www.mobissimo.com/
http://www.kayak.com/
http://en.wikipedia.org/wiki/Travel_search
http://www.techcrunch.com/2008/01/10/yahoo-travel-chases-kayak-with-farechase/
http://www.techcrunch.com/2007/12/20/breaking-kayak-raises-196-million-buys-rival-sidestep/
http://www.tomgroup.com/eng/

 

InfoSpace has sold its mobile unit for $135M to Motricity, the second prepares to go public

One of the Internet’s oldest companies InfoSpace is probably not performing well since they are largely selling out their businesses. With its switchboard and local directory business having already been sold to Idearc for reportedly $225M, what’s left of InfoSpace was the mobile services division, which serves up managed services infrastructure for mobile carriers. This involves the technology needed for mobile search, storefronts, messaging services and portals. This sale appears to leave InfoSpace with only its Dogpile and other desktop search properties, which have a very small market share. One can’t help but think that CEO Jim Volker and his team are selling off the company piece by piece — because that’s literally what seems to be happening.

InfoSpace Inc. is publicly traded company on NASDAQ with $346M market capitalization where the 52 week high / low is $27.76 and $8.14 respectively. The revenues have dropped to $140.54M for 2007 from $153.80M in 2006. During the first weeks of the current year the InfoSpace’s shares have slightly grown up on 4Q results rise from year ago on the assets sale.

A couple of months ago Motricity, a mobile content solutions service, has acquired the mobile services business unit of InfoSpace for what is said to be $135M in an all cash transaction. From what we have found out it seems the acquisition is being funded largely by Carl Icahn and Advanced Equities since the company has then announced the completion of its $185M a round of funding, which was led by Advanced Equities, Inc., Carl Icahn and New Enterprise Associates, Inc.

Ryan Wuerch is said will stay on as Chairman and CEO of Motricity and Steve Selman, the current executive vice president of InfoSpace’s mobile services business unit, will be appointed as President, Chief Operating Officer of Motricity. With the deal, Motricity will gain access to InfoSpace’s clients, which already includes AT&T, Verizon, Sprint, T-Mobile, Alltel, and more.

“Two of the best companies in the industry are now being integrated to create the premier provider of mobile platform infrastructure,” said Ryan Wuerch, chairman and CEO of Motricity. “We have unparalleled experience in mobile platform development, systems integration, innovation and building world class technology with a proven ability to scale – powering the mobile marketplace including the largest operators and media companies in North America and Europe.”

The acquisition expands Motricity’s customer base to include 11 of the top 13 carriers in North America including AT&T, Verizon Wireless, Sprint, T-Mobile, Bell Mobility, Tracfone and Alltel. Motricity’s managed service infrastructure powers storefronts and communities for 9 of the top 13 carriers in North America and has generated over $1 billion of gross content sales to date. Motricity now powers 5 of the top 6 carrier “start screens” with its mobile portal product which will support billions of page views this year alone. The transaction enhances Motricity’s FuelTM platform, which is a unified suite of solutions that includes content storefront, portal, search, community and messaging services. In addition, it expands Motricity’s international presence by adding offices in the U.K., Paris, and the Netherlands and leading customers throughout Europe including Virgin UK, KPN and Vodafone.

Experts are saying the company is in preparation to go public at near future and such consolidation of their core business in terms of more mobile content, more carriers signed up, more revenues and the reach is perhaps the key towards that direction.

More about InfoSpace Inc.

InfoSpace, Inc. [NASDAQ:INSP] s a developer of tools and technologies that assist consumers with finding content and information on the Internet or mobile phone. The Company uses its technology, including metasearch, to power its own branded Websites and provide private-label online search and directory services to distribution partners. In addition, its mobile applications provide programming and sales opportunities to the Company’s mobile carrier partners, while providing consumers with relevant mobile functionality and mobile media content, including ringtones, graphics and games. The Company operates through two units: Online, which comprises the Company’s search and directory properties, as well as its private label distribution service, and Mobile services, including portal, storefront, messaging and mobile search. InfoSpace maintains facilities in the Los Angeles, California; Westborough, Massachusetts; Woking and Eastleigh, United Kingdom, and Papendrecht, The Netherlands.

Our mission is to make the discovery of information faster, easier, and more relevant. We’ve been doing it for over 10 years. Now, with more than 100 distribution partners and proven relationships with Google, Yahoo!, Ask, and Windows Live Search, InfoSpace is uniquely equipped to be a leader in the rapidly growing Internet search market. In fact, the recent sale of our Mobile and Directory divisions has solidified our focus and leadership solely in the online space.

Better Results with Metasearch Technology
By delivering best-of-the-best results from the Internet’s top search engines, our metasearch technology separates us from competitors and provides an experience that users prefer. Research backs it up.

For the second consecutive year, our leading metasearch site, Dogpile, has been awarded “Highest in Customer Satisfaction Among Internet Users with Primary Search Engines/Functions.” And when users are presented with more meaningful information, they’re more likely to click a result—which leads to increased revenue for advertisers and listings partners.

We have established offerings in two different areas:

Consumer Products
Our four branded search sites include our flagship metasearch engine, Dogpile, as well as MetaCrawler, WebCrawler, and WebFetch.

Our metasearch technology delivers end users the most relevant results on the Web by searching more than 12 of the top search engines, including Google, Yahoo!, Ask, Windows Live Search, and more.

Business Solutions
We provide customized metasearch solutions, downloadable toolbars, and portal services for destination sites, Internet service providers, and international news organizations.

Our private-label solutions help partners quickly and cost-effectively tap into the profit potential of search and online local advertising by providing search capabilities and services under their own brand.

More about Motricity

Motricity is a leading provider of mobile content services and solutions that enable consumers to receive the right content at the right time, every time. The company’s offerings span the content delivery chain, enabling compelling end user experiences and delivering profitable and reliable mobile content offerings for mobile operators, media and entertainment companies, mobile specialists and more. Motricity’s customers include 11 of the top 13 carriers in North America and 20 of the top television networks with marquee partners such as MTV, BET, Turner, AT&T, Alltel, Bell Mobility and others. Products and services range from mobile portals and storefronts to messaging aggregation with access to more than 200 million mobile subscribers.

Motricity now emerges as the only company with proven and scalable offerings across multiple key mobile content solution categories, including: storefronts, search, managed-web, portals, messaging, content aggregation, marketing campaign management and community solutions. By offering these world-class services, Motricity is able to create compelling user experiences and deliver profitable mobile content services to companies seeking to leverage the emerging mobile channel, interact with consumers and build brand loyalty.

In addition, Motricity operates a network of consumer Web sites that offer applications for mobile devices, including: eReader.com, PalmGear.com, Pocketgear.com, Smartphone.net, SymbianGear.com and Mobile2day.de, and powers similar web sites for customers such as the Sony Ericsson application shop, the Palm Software Connection and the PalmSource shop.

The company is headquartered in Durham, N.C., with offices in Bellevue, Los Angeles, London, Paris, Munich and the Netherlands.

Motricity was formed in 2001 by Ryan Wuerch and has since become a leading provider of mobile content services and solutions.

In 2001, Wuerch founded Nashville, Tennessee-based PowerByHand, which would soon become the leading global provider of information, entertainment and education content for handheld and mobile devices. PowerByHand acquired a number of leading commercial Internet sites, including PalmGear.com in October 2002, eReader.com in September 2003 and PocketGear.com and Smartphone.net in March 2004.

In April, 2004, PowerByHand merged with Pinpoint Networks, a provider of software and services for the management and delivery of mobile data services, based in Research Triangle Park, North Carolina. The new company combined PowerByHand’s consumer reach and strong content and developer partnerships with Pinpoint’s carrier-grade technology and international wireless carrier experience, creating the market leader for integrated mobile content solutions.

In October, 2004, the company changed its name to Motricity and announced the acquisition of European mobile content portal Mobile2Day.de. The Mobile2Day.de acquisition complemented Motricity’s content base of more than 60,000 applications by adding an additional 6,000 Symbian applications and localized cross-platform content for the European market while expanding our network of online mobile content storefronts. Throughout 2005, Motricity generated tremendous momentum and excitement, announcing a number of major customer and financial wins while also expanding globally and successfully entering new markets. In October 2004, Motricity closed $27 million in venture funding led by Silicon Valley-based Technology Crossover Ventures (TCV).

In July, 2005, Motricity closed its second major private funding round by collecting $30 million from Chicago-based Advanced Equities Inc., as well as such existing investors as Technology Crossover Ventures, New Enterprise Associates and Intel Capital.

In August, 2005, Motricity announced the acquisition of M7 Networks, the leading provider of advanced wireless services that connect wireless operators, content providers and end users around mobile content based communities, such as games and music. This acquisition strengthened Motricity’s mission to accelerate the adoption of mobile content worldwide.

In April, 2006, Motricity secured its third major round of funding of $40 million to fuel the company’s aggressive expansion in the mobile content industry. This third round was led by Advanced Equities Inc. with participation from other existing investors including New Enterprise Associates and Technology Crossover Ventures.

In July, 2006, Motricity announced the acquisition of GoldPocket Wireless, the leading provider of mobile technology solutions for media and entertainment companies. GoldPocket extended Motricity’s content distribution capabilities and enhances Motricity’s award-winning Fuel™ platform with a distribution gateway that connects more than 200 million subscribers and a mobile marketing campaign manager that has been chosen by over 20 television networks and 45 media companies to power large scale interactive campaigns with real-time requirements. The deal gave Motricity an unmatched customer footprint and positions the company as the leading provider of on-deck and off-deck solutions for mobile operators and media & entertainment companies.

In August, 2006, Motricity received an additional $32 million in funding, led by Advanced Equities Inc. with participation from other existing investors. In February 2007, Motricity received $50 million in equity funding from Carl Icahn. This brings the company’s total funding to over $200 million.

In December, 2007, the company acquired the Seattle-based mobile services business unit of InfoSpace, Inc. (NASDAQ: INSP), a leading developer of mobile technologies and infrastructure services and raised more than $180 million to complete the all cash transaction.

The acquisition expands Motricity’s customer base to include 11 of the top 13 carriers in North America including AT&T, Verizon Wireless, Sprint, T-Mobile, Bell Mobility, Tracfone and Alltel. Motricity’s managed service infrastructure powers storefronts and communities for 9 of the top 13 carriers in North America and has generated over $1 billion of gross content sales to date. Motricity powers 5 of the top 6 carrier “start screens” with its mobile portal product which will support billions of page views this year alone. The transaction enhances Motricity’s FuelTM platform, which is a unified suite of solutions that includes content storefront, portal, search, community and messaging services. In addition, it expands Motricity’s international presence by adding leading customers throughout Europe including Virgin UK, KPN and Vodafone.

Motricity has received numerous awards and constant recognition honoring the commitment and leadership that the company continues to exhibit, including:

  • 2007 North Carolina Technology Association (NCTA) Private Company of the Year
  • 2006 GSM Association Award for Best Service Delivery Platform
  • 2006 Mobile Entertainment’s Award for Best Content Service Delivery Platform
  • 2005 Frost & Sullivan Award for Premium Mobile Content Platform of the Year
  • 2005 Red Herring 100 Private Companies of North America

Today, Motricity has the support of strong institutional and strategic investors and the industry’s leading customers, including CBS, Turner, CNN, Fox, the NBA, AT&T, Sprint, Alltel, Virgin Mobile, Leap, Mobilcom, BET, Palm and Sony Ericsson.

More

http://motricity.com/
http://www.motricity.com/press/releases.php?rID=07_1228_motricity
http://www.infospaceinc.com/
http://mashable.com/2007/10/15/motricity-infospace/
http://searchengineland.com/071015-132510.php
http://www.idearc.com/
http://searchengineland.com/070917-073055.php
http://finance.google.com/finance?q=NASDAQ:INSP
http://www.forbes.com/markets/feeds/afx/2008/02/06/afx4622765.html
http://moneycentral.msn.com/inc/news/providerredir.asp?feed=AP&date=20080206&id=8148999
http://stocks.us.reuters.com/stocks/fullDescription.asp?rpc=66&symbol=INSP.O
http://www.advancedequities.com/
http://en.wikipedia.org/wiki/Carl_Icahn

BlackArrow took $12 Million to tackle the video advertising, relies on cable companies

A couple of months ago BlackArrow has taken a big round of money – $12 million in Series B funding.

The company offers an advertising management platform for video, allowing web sites to monitor their inventory while enabling advertisers to insert ads on-the-fly. BlackArrow’s money for its Series B funding came from Comcast Interactive Capital, Cisco Systems, Intel Capital, Mayfield Fund, and Polaris Venture Partners.

The company wants to insert targeted ads into on-demand viewing by placing a piece of hardware between cable operators and consumers. Prior to the user watching an on-demand show, BlackArrow helps deliver a brief ad, tailored to the theme of the show and the user’s apparent preferences. For example, a teenage boy might be delivered an ad for an upcoming game like Halo 3.

While DVRs like the TiVo will still allow users to fast forward past advertising, BlackArrow will open up the field for cable companies to profit from acting as remote ad servers. BlackArrow will count on the cable companies to offer their own DVR technology. The advantage for the consumer is that one does not have to worry about buying or installing a DVR. A majority of viewers still haven’t anyway.

The company is known to have spent more than a year in stealth mode developing its product, and online sources originally suggested that the original aim of the company was to destroy the ad-skipping capabilities of the TiVo. It later turned out it is no longer the case, if it ever was.

The previous round is known to be $5 million, which has been taken back in 2006 and was led by Mayfield Fund. The company’s total funding should already be $17M. The company has offices in both locations San Mateo, CA and New York.

More about BlackArrow

We are independent advertising-technology company that provides multiplatform ad-management for viewer-controlled video.

We’ve seen the future, and the future is now for on-demand video programming with dynamic, personalized advertising. In the world of viewer-controlled video, where the consumer controls the play, pause, fast-forward and rewind buttons, BlackArrow provides the answer for a dynamic video ad-management that supports broadband, video-on-demand (VOD) and DVR playout.

One with the ability to reach the right audience with a laser-focused message — across any on-demand platform. And rapid-fire reporting to provide powerful “apples-to-apples” analytics across playout environments, helping you evaluate and optimize brand campaigns in entirely new ways.

BlackArrow is your partner on the path to multiplatform monetization. With the new world order of on-demand video comes a corresponding set of new advertising and revenue opportunities.

Management team

Dean Denhart: president and chief executive officer

Dean Denhart has extensive technology leadership expertise in telecom, media and technology-related industries across large, medium and start-up companies. Denhart has been directly involved in the acquisition and operation integration of over 18 technology companies with expertise in off-shore, joint ventures and partnerships. As president and CEO of BlackArrow, Denhart is responsible for all business operations, technology development, financial management, business development and governance of BlackArrow. Previously, Denhart oversaw the strategic development of product and technology at Knight Ridder Digital. Denhart was also CIO and executive vice president of product and technology for HomeStore, an online real estate marketing company. Prior, he served as vice president of AirTouch Communications’ software systems group, held a vice president of network systems role during a 17-year tenure with SBC Communications/Pacific Bell, was CIO of Telecel (a wireless company) in Portugal and was an integral research and development executive at Bell Communications Research.

Other management team members are as follows.

  • Sharon Mandell: senior vice president and chief technology officer
  • Tracy Martin: chief financial officer
  • Chris Hock: senior vice president, product management
  • Patrick Carter: vice president, operations
  • Courtenay Harry: vice president, advertising business development
  • Bill Niemeyer: chief of analysis and research
  • Kelly Ryan: vice president, content business development
  • David Stengle: vice president, distribution
  • Thérèse Bruno: senior director, marketing

The Investors

Cisco Systems, Inc.
Cisco Systems, Inc. (Nasdaq: CSCO) is the worldwide leader in networking for the Internet. Today, networks are an essential part of business, education, government and home communications, and Cisco Internet Protocol-based (IP) networking solutions are the foundation of these networks. Cisco hardware, software, and service offerings are used to create Internet solutions that allow individuals, companies, and countries to increase productivity, improve customer satisfaction and strengthen competitive advantage. The Cisco name has become synonymous with the Internet, as well as with the productivity improvements that Internet business solutions provide.

Comcast Interactive Capital
Comcast Interactive Capital (CIC) is a venture capital fund focused on broadband, enterprise and interactive technologies. CIC is affiliated with Comcast Corporation (Nasdaq: CMCSA), a diversified global leader in cable, broadband services, telecommunications and entertainment. CIC’s primary goal is to generate superior financial returns from private equity investments in early-stage technology companies. To achieve this goal, CIC works to foster the success of its portfolio companies by bringing to bear the unique resources, experience, and insight of both CIC and the Comcast family of companies.

Intel Capital
Intel Capital (Nasdaq: INTC), Intel’s global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software and services targeting enterprise, home, mobility, health, consumer Internet and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$6 billion in approximately 1,000 companies in more than 40 countries. In that timeframe, about 157 portfolio companies have gone public on various exchanges around the world and another 187 have been acquired by other companies. In 2006, Intel Capital invested about US$1.07 billion in 163 deals with approximately 60 percent of funds (excluding Clearwire) invested outside the United States.

About Mayfield Fund
Mayfield Fund provides “venture capital with impact” by partnering with exceptional individuals to create industry-leading companies. Mayfield has domain expertise in communications/wireless, consumer/media, enterprise software and semiconductors. The firm has over $2.7 billion under management and a team of eleven investing professionals. Since Mayfield’s founding in 1969, the firm has invested in more than 470 high-growth companies, taken more than 100 public and more than 150 have merged or were acquired.

Polaris Venture Partners
A national venture capital firm with over $3 billion under management, Polaris invests in seed, early stage and growth equity businesses in the technology, life science, digital media, enertech and consumer sectors. Through a philosophy of lead investing and active, long-term partnering with entrepreneurs and management teams, Polaris has helped a number of companies achieve outstanding success. Among them are: Accordant Health Services, Acusphere, Advanced Inhalation Research (AIR), Akamai Technologies, Allaire Corporation, Alnylam Pharmaceuticals, American Superconductor, Archivas, Aspect Medical Systems, Avici Systems, Centra Software, Classifieds2000, Cubist Pharmaceuticals, Cushcraft Corporation, deCODE genetics, Exchange.com, GlycoFi, Matrics, Momenta Pharmaceuticals, Paradigm Genetics, Powersoft, Solidworks, and TransForm Pharmaceuticals.

The Competition

Video advertising is promising to be huge opportunity online and the sector is extremely competitive with new players entering every couple of weeks. Venture capitals also do think the online video advertising holds the chances to be the next big thing on Internet to bring billions of revenues in and are pouring big money into start-ups with the hope they come up to the groundbreaking technology that might shake the sector and make them the huge ROI.   

No matter what standard for video ads the sector might adopt – pre-roll ads, post-roll ads or overlay ads, the undisputed leader remains Google’s YouTube with its huge number of eyeballs. That’s why the smaller players are focusing not on the reach but on different approaches and technologies to more effectively serve, track and measure these video ads. The video ads are in their infancy on Web and there is plenty of room for innovation and growth and all those small start-up companies hold their good chances for success.

Some companies, as we know them, include BrightRoll, XillianTV, YuMe, Podaddies, VMIX and MeeVee. BrightRoll video ad network itself has raises $5 Million while YuMe raised $9 Million for yet another video ad network. VMIX, yet another video network company has also raised a whopping amount of money $16.5M to expand its business.

More

http://www.blackarrow.tv/
http://mashable.com/2007/10/15/blackarrow-funding/
http://venturebeat.com/2007/10/14/blackarrow-ad-management-for-modern-tv-unstealths-with-12m-financing/
http://adsense.blogspot.com/2006/05/introducing-video-ads.html
http://adwords.blogspot.com/2006/05/click-to-play-video-ads-for-adwords.html
http://adsense.blogspot.com/2007/05/adsense-coming-to-video-near-you.html
http://www.nytimes.com/2007/08/22/technology/22google.html
http://mashable.com/2007/08/21/youtube-reinvents-video-ads/
http://mashable.com/2007/05/11/youtube-ads-2/
http://www.forbes.com/2007/02/22/video-ads-youtube-tech-media-cx_lh_0223video.html
http://venturebeat.com/2006/11/08/skipping-the-ads-black-arrow-raises-1475m-to-defy-you/
http://www.cisco.com
http://www.civentures.com
http://www.intelcapital.com
http://www.polarisventures.com

Sequoia Capital invested in TokBox, hoping for Web’s next big communication tool

Sequoia Capital has recently provided $4 million in Series A round of funding to Tokbox – a new startup providing real-time video chat via a browser. Sequoia joins an already impressive collection of angel investors including founding members of YouTube, Bebo, and Netscape along with execs from Slide, PayPal and Cisco. This investor network alone will likely propel the startup to partnerships and acquisition discussions.

The same backers who helped catapult YouTube to glory wants to do for live video chats what YouTube did for video watching.

The company, TokBox, allows people with Webcams and broadband Internet connections to conduct face-to-face chats inside a Web browser. Users can visit its site, www.tokbox.com, or add a TokBox module to their pages on social Web sites like MySpace or Facebook.

Several other services, including AOL’s AIM, Yahoo Messenger and Skype, allow live video chats but require that each party download the software and be online at the same time. On TokBox, if one party is not present, users can send a video mail message of up to five minutes in length that the other party can later retrieve at the site.

“Video communication has never really taken off, despite the fact that people talk about it as a part of the future,” said Serge Faguet, TokBox chief executive, who is a 21-year-old native of Russia and co-founded the company after attending one semester of Stanford business school.

The six-month-old (by that time – Oct ’07) TokBox would probably be just another dot-com with ambitious dreams were it not for an impressive pedigree that includes many of the same names as YouTube. Jawed Karim, a YouTube co-founder who left the video sharing site early on, is backing the company financially and sits on its board.

Roelof Botha, the Sequoia partner who invested in YouTube, is also guiding TokBox and, not surprisingly, plays up the similarities. “Part of the beauty of YouTube is that we all have browsers and we are all on the Internet, so you can click on a link and video will start to play,” he said. “TokBox offers the same easy solution inside the browser.”

Under no doubt some of the people engaged with the company do know one or more things about the online video market, but it is also pretty clear that if TookBox takes off and gets to be popular it is going to face scale up challenges.

As YouTube’s popularity skyrocketed, it had to keep up with the bulging cost of storing and playing all those videos. TokBox will have to do that as well, and will also have to ensure that live video chats flow seamlessly.

However TokBox has attracted high-profile talented technical advisers to help it overcome those obstacles. Rajeev Motwani, a Stanford professor and an early adviser to Google, is an investor and is counseling the company. Tony Bates, a senior vice president at Cisco, is also an investor and is helping TokBox to develop the underlying technology to support a large number of users.

The company has also a Facebook application that was developed by Ryan Merket and allows you to video chat with your friends or leave video mail and voice mail for your friends directly from your own Facebook profile.

Investors include: Sequoia Capital, Rajeev Motwani, Roelof Botha, Tony Bates and Jawed Karim, presumingly some of the individuals are angel investors.

The company is based in Palo Alto and what is interesting as fact is the company is housed in the same offices that was used by YouTube to start off.

Competitors include Skype, WebEx, Zorap and Userplane, among others. 

Of course, the company did not yet figure out what to make money from but this is not uncommon for most of the start ups in the Silicon Valley. The founders say they are looking at advertising and selling advanced versions of the service to companies that can use it to communicate with their customers online.

More

http://www.tokbox.com/
http://blog.tokbox.com/
http://www.sequoiacap.com/
http://www.nytimes.com/2007/10/15/business/media/15video.html?ei=5088&en=59b45c9e60a88aee&ex=1350100800&adxnnl=1&partner=rssnyt&emc=rss&adxnnlx=1192446339-6J23Kqqnew4p1VFrtrkAJg
http://gigaom.com/2007/10/15/tokbox/
http://www.crunchbase.com/company/tokbox
http://www.techcrunch.com/2007/08/14/use-tokbox-to-set-up-instant-video-chat/
http://www.techcrunch.com/2007/10/14/tokbox-gets-some-nytimes-love/
http://www.crunchgear.com/2007/10/15/tokbox-live-video-web-chat-is-the-latest-next-youtube/
http://mashable.com/2007/10/15/tokbox-funding/
http://www.webpronews.com/topnews/2007/10/15/tokbox-receives-4-million-in-funding
http://ukwebfocus.wordpress.com/2007/09/19/tokbox-a-useful-video-conferencing-tool-or-something-sinister/
http://lifehacker.com/software/video-conferencing/in+browser-video-chat-with-tokbox-310734.php