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Monday, August 20, 2007

TechStars Demo Day - Class of 2007

Y Combinator wasn’t the only incubator to demo their most recent startups today. Colorado-based TechStars also brought their startups on stage - ten of them - to give the audience a first look at what they’ve been up to all summer. Each startup gave 5% of their equity in exchange for $15,000, operational support, office space and mentoring.

Most of these companies are unlaunched and seeking additional angel funding (exceptions are noted). Here are our notes on each - and see Don Dodge for his take:

EventVue builds social networks around conferences (see confabb, an existing competitor). The idea is to let people connect before, during and after conferences in an online space, to add to the physical interaction at the conference itself. The company plans on generating revenue by charging an affiliate fee for each new registration. They are currently looking for $150k in funding.

Intense Debate - see our previous coverage. Intense Debate is a souped-up blog commenting widget that adds a lot of features for publishers and commenters alike. Currently installed on 30 blogs. Installing the plug-in on your blog (WordPress, Blogger, and TypePad) adds threading, comment analytics, bulk comment moderation across all your blogs, user reputation, and comment aggregation. They are looking for $500k in funding.

socialthing! is an ambitious project that simplifies the management of digital content (blogs, photos, music, friends, social networks and links). Users can also synchronize information from and to various social networks from their profile page. Strong viral component. Revenue from advertising. Raising $500k.

J-Squared Media has launched their “Sticky Notes” Facebook application. It has 1.7 million users after six weeks, who have sent over 4 million sticky notes. They are working on several other related Facebook applications and are cash flow positive with $30,000/month in revenue from cost per action advertising. Not seeking funding. More here.

Search-To-Phone is a mobile search service via voice. Call and leave a voicemail asking about a product or service. The request is then routed to the appropriate business to call you back with information and/or a special offer. Built on TellMe and Gold Systems technologies for voice recognition. They’ve signed a business development deal with Excell Services to provess 10 million calls. They are looking for a small capital investment and more partners before launching.

Villij is a recommendation engine that analyzes your online life (social networks, blogs, bookmarks, etc.) to find people who may have similar interests as you. Raising $500k.

MadKast has the honor of being the first TechStars startup to launch. Our previous coverage is here. They’ve made a dead simple way to increase distribution for your blog with one line of javascript or one click for Blogger and TypePad. Once the widget is installed, readers can send a blog post via email, mobile MMS, or social bookmarking networks to friends. They are raising $300k in capital.

FiltrBox is a content monitoring and filtering service for blogs, news sites and other websites. Content is filtered by topics, keywords and context and then delivered to the user via RSS, email and/or text messages. Filters can be adjusted via sliders and will learn what you like over time. Raising $500k in capital.

KBLabs is developing Facebook applications and widgets. Wah! Cool was their first application, which launched four weeks ago. It now has 100k subscribers and is generating 1.5 million page views per week. Other applications include Post Secrets, Motivate Me and Track Bot. The founders are going back to college this Fall but will continue to consult and build Facebook applications. They are not looking for funding.

BrightKite serves location based notifications (”place streaming”) over email, instant messaging of text messages. The idea is to stream content about a place, from a place. Friends are alerted when you are nearby. You receive offers from local businesses. Etc. Targeted towards conferences, bars, parties and public places. It is also a platform for third party applications. Raising $500k in capital.

Thursday, August 9, 2007

Verwandt.de: German Geni Clone

Germany is starting to build a name for itself as the startup cloning capital of the world. German clones of popular U.S. services keep popping up. Twitter (Frazr, Dukudu). and Facebook (Studi.vz) are two recent examples. TechCrunch contributor Gregor Hochmuth termed these German clones Copy/Paste innovation.

The latest German clone, Verwandt, means “related” in English. Its design and functionality is very similar to its U.S. counterpart, Geni. In fact it goes well beyond similar - Verwandt is a Geni clone dressed up in some cuddlier graphics. It uses the same layout and quick sign-up flash-based registration form as the U.S. site. They’ve also copied the family tree navigation and profile pages. Take a look below to judge the similarities for yourself.

The motivation and business process is clear: 1) Find a proven concept in the U.S. or elsewhere, 2) Clone the service, 3) Profit. And they have been profiting off these clones quite a bit. The Samwer Brothers have invested in Alando.de (eBay clone sold to eBay) and Studi.vz (Facebook clone sold for $100 million). They’re also investors in Frazr. See Gregor’s post for a longer list of clones. Certainly other countries, including the U.S., engage in their fair share of cloning as well. However, the flood of clones coming from Germany suggests an unwelcome trend.

Verwandt seems to be cloning some of Geni’s success as well. They have over 1.5 million profiles in under 2 months of operation, compared to Geni’s 5 million. They’ve also secured an undisclosed level of financing, most certainly helped by Geni’s $100 million valuation.

There’s a lot of great innovation going on outside the U.S., but this rip and flip mentality may prove short-sighted as the real McCoys continue to innovate and internationalize, and solid German startups like Xing are forgotten in the controversy.

Monday, March 5, 2007