Tech Coast Review
The startup and tech news weblog for Southern California
Showing posts with label Web 2.0. Show all posts
Showing posts with label Web 2.0. Show all posts

Monday, March 31, 2008

Yes, I know I've been covering a lot of conferences and events lately and haven't had a chance to do any in-depth startup profiles recently. But I've got to say a lot of the events we've had lately have been fairly top notch, and remind me more of the scene up in Silicon Valley, then the typical scene down here in Socal. CommunityNext I thought was pretty good, particulary the Robert Scoble and Pete Cashmore conversation. Then the MashMeet after party with Pete and crew was one of the best LA mixers we've had to date. This is all further proof, of how hot the southern california scene is; clearly starting to organize in a meaninful way, now that we are largely recognized as being the largest area for venture capital in the country, second only to silicon valley.

Anyways, in the next couple of days, I'll be catching up and be back to digging into a bunch of companies in the socal 2.0 scene, but for now heres a list of a couple more local companies that I ran into this weekend that are worthy of some mention:

Medmania: a new media company with a network of vertical media web properties.

Girlgamer: an online community and zine for girl gamers.

Mego: digital expression by way of an interative portable profile (basically cool avatars).

Streamy: social news aggegator with a great interface.

 

Tuesday, March 11, 2008

Last week one of the bigger web 2.0ish conferences was in Southern California: The Oreilly Graphing Social Patterns, held in San Diego. I had some passing involvement there and after digesting it a bit, one of the things that I came across thinking was that it never ceeses to amaze me how traditional companies are clueless to what the social web is all about.

So many companies are not sure that they "get" social, but are being told by people in the know that they "need" social. What this often means to them seems to be two extremes: either you must be a company knee deep in community by becoming some up and coming niche social networking site (enter pitch for online community of garbage men here) or that social should just be haphazardly bolted onto the top of your existing product (your chair company makes a vampire biting facebook app that eats chairs). But clearly neither extreme is a way to add value to your product/service. And maybe even more importantly, social on its own, doesn't necessarily monitize.

What does add value AND monetizes, is the notion that social is the new and obvious enabler, of existing markets. Most business are not likely to fundamentally change by being social, they just become better at the business of connecting with and between customers. Movie sites like Blockbuster or Netflix are great examples of this. The companies are still fundamentally about movies, but social takes the customer experience to a different level because you can show off the movies you're watching, connect with friends who have similar taste in movies, review what you've seen so you get better suggestions for new movies, etc. Regardless of whether you are on one of their facebook or opensocial apps, or you are in the community section of their own site, the social graph has become a core enabler of movie watching. These activities enhance the entire video business because you now are not just watching the movie, but you also are stay engaged before and after. In this way community doesn't change the business, but instead drastically creates more value to the lifecyle of the business.

In this way as we move forward, social to me becomes less about being the next cornerstone block of a company, and more about being a fundamental component entrenched in nearly all online activity.

 

Friday, March 7, 2008

Social Vibe, recently closed over $4 Million in their series A funding round last month. They are located in Hollywood and have the two things every good web 2.0 start up needs; 1) a slick looking site and 2) a very interesting idea.

The main premise behind their idea is having users of Myspace and Facebook get their social networking pages sponsored and in return they get a chance to win prizes or give money to charities. You get points according to how active you are on a social network, how popular you are, and how many people you get to join the social vibe community. If you think about this for a second you will see that if you have a very active social vibe community it would be very very viral. Also on the plus side they did a good job of making the ads or "sponsorships" cool looking (ie they are not blinking banners for saying you are the 837,487 customer and have won and new laptop), and as a bonus they allow you to donate your points to charity.

I do reserve some questions for their business model the first being; why entries to win a prize? I get offers to enter contests for free all the time, whether it is dropping my business card in the free lunch bowl or the previously mentioned ad for my chance to win a laptop and I know one thing...I don't go near any of them. I realize that here the odds are better, but I do not like working for a chance to win a prize, I think it would be more motivating if this worked in a fashion where you can exchange your points for definitive prizes even if it would take longer to get to the good prizes. Or maybe an even more novel idea just let the people exchange their points for some cool hard cash (although I do realize this could be difficult to implement legally if minors wanted to use the service).

My next bone to pick is with the charities, people love all sorts of charities for different reasons whether it is Save the Whales or Safe Haven for Donkeys in the Holy Land (click the link I did not make that up). The point here is that people like charities for different reasons, I am sure Socialvibe knows exactly how much a point converts to monetarily so why not just let the user donate to whatever charity they desire. However I will admit that they do have a wide range of quality charities covered.

My overall impression here is that this could be huge, everything Social Vibe does looks slick and I could really see people adding these advertisements, widgets, and videos to their social network pages in order to gain a chance at some prizes. Furthermore if this does catch on and people are not as anti-raffle type contests as me the whole scheme is viral enough to spread all over the most popular social networks in no time at all.



 

Thursday, March 6, 2008

PreCYdent is a legal research tool that I am very excited was submitted for review. The idea behind the site is to enable everyone (not just the legal community) to search and find both case law and statutes for all matters. They are headquartered in San Diego, CA and have recently opened up the early alpha version of their software. Funding for the company is undisclosed.

The current state of legal research has two major players Westlaw and LexisNexis, Westlaw being the dominant force. It is practically necessary to have access to one of these two software programs to do useful legal research and both of these services individually license their product using heavy price discrimination which is downright exorbitant at times (often). Furthermore while the traditional software of Westlaw and LexisNexus is great at looking up cases which you have the citation to (a citation is generally how you find a case) as well as following the cases subsequent history (was the ruling upheld?, overruled?, is there conflicting law?) it is borderline useless in a generic word search (i.e. it is difficult to type in "lemon vehicle private party" and find out cases or statutes pertaining to lemon laws and private sellers of automobiles). In summary most lay people could not afford or efficiently use the major tools for legal research.

PreCYdent seems to be running on 2 main platforms, making their service able to effectively understand searches for words and to be free for all. These are both lofty targets to set your site on for this industry, with that said they both need to be accomplished ASAP. To make their word search tool understand what you are looking for they use a combination of an algorithm and user response (almost like Mahalo but with a defined niche for legal cases and statutes). In the few searches I ran I had significantly better search results with PerCYdent than that of Westlaw or LexusNexis, however my results were far from perfect. This can probably be attributed to PreCYdent only having indexed U.S. Supreme Court cases, and Court of Appeals cases.

There are other features offered on the site such as "finding lawyers," and "answering legal questions," but the community does not appear to be developed enough to make this useful, yet (they are still in Alpha mode so I will give them time). In short PreCYdent offers a very innovative idea and a useful tool which could enable all people to find the law and use it themselves. However if they are to become a dominant player in the market they have a lot of hard work ahead of them (including the active indexing of ALL cases). If PreCYdent can make legal searching both better and free they will have the ability to revolutionize legal search as we know it not to mention monetize their search traffic rapidly. All in all they have a great concept the only question will be if they can pull it off.

 

Thursday, February 21, 2008


The hype and popularity of sports is something I may never understand but that being said I hear coworkers, friends, strangers, family, and the guy who sits next to me at the bar drone on and on about their favorite sports team. Moreover it seems that everyone of them can give me a detailed analysis why Shaq going to the Suns is a good/bad trade, comments on Joe Torrey's weight, and a strong opinion with reasons why Rodger Clemens should/should not be let into the hall of fame. So needless to say I realize this market is huge and there is a huge potential for growth with anything that allows sports nuts personalize, customize, and shout out their opinions to the world.

Jacked is taking a stab at this by making customizable widget pages so you can keep your eye on all of the sports games going on. The widgets vary from play by play to you tube videos of the teams playing. They are VC funded with at least $6.5 Million and are based in Santa Monica, CA.

The Good: There web site is about a slick as it gets and even better than that the whole site is very easy to use, navigate, and customize. Also to their credit they have a ton of money and make it apparent that they have more sports related offerings (besides the widget platform) on the way. Most importantly the widgets they offer are rich in information and gave me more than I ever wanted to know about the games I was widgeting in on.

The Bad: I understand that this is supposed to be something you look at in addition to watching TV but why does it have to be that way? I would find Jacked much more useful if they had a live stream of the game(s) you are receiving information on. My idea here is that when I am watching a game on TV I really do not want to be checking my computer for other information, however if I am on my computer watching sports (ie no TV) I would gladly watch the game on my computer surrounded with the loads of data that all of these widgets can give me. Bottom line is that I want to see the actually game live broadcast along with the widgets!

Also there should be some sort of communication with other fans that getting the same information so there is a meaningful interaction going on. Let everyone share their so called sports knowledge and see what unfolds. This seems natural to me, most people have strong opinions about every aspect of sports so let them let loose, I could see a very dedicated (and violent) community developing from connecting sports users.

Overall: There is certainly room for some money to be made in this arena and Jacked.com might just be the one to do it, but until they add more user interaction and live streaming videos I do not see their idea gaining significant traction.

 

Tuesday, February 19, 2008

is what I would call an enhanced social Q & A site, the idea is that you ask questions to the community and get answers back. They are based in Santa Monica, California and are part of parent company Demand Media. If Demand Media does not ring a bell their CEO Richard Rosenblatt has had a hand in some major internet acquisitions in the last 10 years including but not limited to Myspace and iMall.

Wouldn't it be nice if there was a site with an extremely active community dedicated to answering one another's questions? It is a great idea that answerbag is executing as well as I can imagine but that being said answerbag is far from perfect.

The Good: Well if you are an investor or just a speculator Answerbag has just about everything going for it, they have money from their parent corporation, strong management (see above), and a very strong growth pattern. As for the site the utility is high, they do a nice job of letting everyone rate both the questioners and the answerers so you get a sense of who you can trust on the site. More importantly they only archive unique questions with good answers which means that you do not have to sift through 15 similar posts to find the best answer. Finally the community responds to most questions rather efficiently (however I have been waiting over and hour with no answer to my question).

The Bad: To harness the power, energy, and utility of their many thousands of users there will be some evil and this evil takes the form of endless opinions. One thing I do not want on a site dedicated to answers are endless opinions about religion and politics. If there is factual information that one can contribute to a political or religious question that is great but there is a whole lot of annoying (and useless) opinions on the site about democrats, conservatives, immigration, and everything in between.

Summary: Although it can be a pain sorting through all of the opinions when I am looking for an answer they do a good job of having an easily searchable archive of questions and answers which can provide a high level of utility to just about anyone (I found out the best way to remove dog poop from a carpet in seconds!) so I will not be surprised if Answerbag's strong growth continues.


 

Thursday, January 17, 2008

Los Angeles based Uber.com is yet another social network that tries to bring Myspace's artistic base in to the "uber-cool" web 2.o world.  Uber focuses on using the social graph to make your own website.  Which to me seems like doing nothing more then rewording customized profile page to make you think your getting something special.  


The one thing that would have been cool about Uber is the ability to bring in media from other social sources (such as youtube, flickr, etc) , which I guess you could use to create the ultimate aggregated website (profile) about yourself.  Unfortunately the way to do that wasn't particularly intuitive, and thus I'm left with nothing of interest to say about Uber.  Maybe the one surprise is that Uber some how seems to be gaining credible traffic (250K last month) despite the fact that no ones heard of it.  For the life of me, I can't figure out why they'd be gaining such decent traffic in such short time, so clearly someone sees something in Uber that I don't.  

 

Tuesday, January 15, 2008

Los Angeles based, Placely is a new website for tracking travel plans.  A sort of super light version of a social graph that attempts to help  you keep in touch with people you meet during traveling or find other ones that are on a similar itinerary.

The Good
Placely focuses on real basic stuff, trying to coordinate events and people centered around travel.  There are plenty of better travel 2.0 sites out there, and quite a few more sophisticated sites that focus just on travel social networking, but maybe Placelys simple take on things will appeal to some?

The Bad
Placely honestly is a pretty weak entry, into the travel arena to me.  While the travel industry is certainly ripe for innovation and many web 2.0 capabilities continue to translate well into travel, it also is a heavily populated field to get into.  If your going to get into travel, you better have a big vision or a hyper niche, and Placely impresses me with neither.  Just by building some itinerary planning and throwing a bit of social in the mix is really not enough to make me think this will go anywhere.  

Conclusion
I'll be awfully surprised to see if Placely ends up anything more than a forgotten company that attempted to throw something "social" together during this web 2.0 bubble.  In some ways the best thing I think their service would be good for is something like a Facebook app, but there is already a bunch of those developed, since building basic itinerary stuff isn't all that hard.  So what then is Placelys good for?  Your guess is as good as mine.
 

 

Tuesday, January 8, 2008

Los Angeles based Geni (who we profiled here), has moved another step closer to being the Facebook for family social profiles. They essentially took the Facebook concept of the news feed (ya the one with all the controversy) and the Facebook timeline and put it in Geni.  Sure its nothing revolutionary, but it does continue to round out Genis service as a social network for people who aren't looking for a social network.  And although, many continue to think Geni's 100M valuation is high, we should remember that LinkedIn is valued a 250M and Geni is basically doing for family connection what LinkedIn has done with business contacts.  


I also feel that as long as the family news feed doesn't get to excessive it actually will be a more welcome feature then Facebooks feed.  Frankly besides the viral benefits of the Facebook newsfeed, I really don't care what my Facebook friends are doing.  If they are my friends in real life, I probably know, and if they aren't then I don't really care.  With Geni though, I might care, because half my family could be across the country or the world, so I might be removed, yet still interested in their day to day activities.  Their timeline feature is also potentially more useful then what you'd get on Facebook, because its more about scrap-booking.  I suppose as you get older, documenting different parts of yours life becomes important to you, and Geni timeline/scrapbook really fits that bill.

All in all more good stuff from Geni.

 

Tuesday, December 18, 2007

As a follow up to last week breakdown of shopping 2.0 sites, Ben from SocalTech, was kind enough to point out a Santa Monica based shopping site we missed. ThisNext is a "shopcasting network where you can recommend, share and discover products." They've been around since August of 2006 and are well funded (they've been backed by Western Technology Inc and Clearstone Venture Partners).

Upon first glance, you'll find ThisNext has a real clean design, something we've come to expect from web 2.0 companies. Their site is an interesting mix of traditional shopping recommendations, social networking, and the buzzwordtastic "shopcasting". What is shopcasting? Well its basically a way for bloggers to integrate via a badge their recommendations from their own blog into the greater ThisNext network. So basically its mashing up shopping and broadcasting. Personally I think the buzzword, is dumb, just an attention play on podcasting, but none the less, the concept itself is both cool and useful. ThisNext's network of recommendations actually works pretty well, and is probably a product of good engineering and a solid algorithm, as I'm sure sorting through crap blogs and recommendations, to find the good stuff to recommend for people is not trivial.

Despite my general like for ThisNext, when I actually tried to use it for real holiday shopping, it came up rather short. I was looking for a new webcam to get my mother and law for Christmas, so I figured I'd give ThisNext a spin. Searching for "webcam" yielded about 20 results, none of which were very good recommendations. Searching for other products also produced results that weren't exactly spectacular. I did however find that browsing for products works well. So I suppose it depends on your intentions, if you are looking for something specific ThisNext possibly needs more traction before it will really can be super useful, on the other hand if you are more generally looking for just some cool product in an overall category ThisNext works pretty well.

At the end of the day, ThisNext is funded well, and has a great look, so it could become a leader in the land of social shoppping. It is a category that is rather crowded, and ThisNext isn't a total homerun (yet), so whether they can earn their valuation still remains to be seen. But at this stage in the game, ThisNext is off to a pretty decent start.

Website: http://www.thisnext.com

Screenshot:

 

Monday, December 17, 2007

A Los Angeles based company has just announced the reception of an angel round of funding. TechCrunch reports that the funding is in at right around $750,000. The main idea of the company is to have not only book reviews but to base the book reviews (via social network) around friends.With the main premise that you would find a book review from a friend more useful than from a stranger.

The Good
There premise makes sense, in taking the time to read a book these days I couldn't care less what random people think about it, I would only take advice from friends, family, or just pick a book out of my own choosing. Secondly we all know the possibilities when 2 Stanford Graduates get together on an online project. In all seriousness there are some real good signs for this company; in around one year they have over 600,000 users and 10,000,000 book reviews, they are close to profitable, and best of all they have done all this without any formal funding.

The Bad
GoodReads has some stiff competition in Shelfari and Library Thing, and while I cannot claim that I am a member of any of these book networks I actually think that Shelfari looks a bit sleeker in terms of design. However that could easily be attributed to their association with Amazon and there plethora of funding. Also while I did find Goodreads easy to use I did not like seeing the reviews being pulled directly from a data base and having no personal oversight of this. What I mean by this is that you will have "Old Man and the Sea" reviews separated because some people are reviewing the paperback and others the hardcover even though they are the same book. What I found annoying about this is to get a good number of reviews you have to take the extra step of looking up 2 "different books" even though the story is identical.


The Overall

All in all GoodReads shows a whole lot of promise, they have accomplished more in one year without funding than many companies with years and millions. They are rapidly growing and I believe that if they use their funding wisely they will be in an excellent position to be the dominant book review social networking site.





 

Wednesday, December 12, 2007

It's the holiday season, which means family, family and more family.  

So what better way to keep track of all those nieces, nephews and second cousins once removed then with, Los Angeles based Geni.  

For those that haven't heard of Geni, basically its a place where you can map your family tree web 2.0 style.  Meaning that its essentially one big social network where when I can add my mom, dad, siblings and whatever, which then will email them an invite so they too will add others, to complete the family tree.  Obviously this is viral at its best.  

Geni, has been around since the beginning of this year and has been growing at a predictably strong rate (well over 5 million 10 million profiles).  They announced at the beginning of this week via their blog that they are starting to allow your family tree to be viewable publicly.  I definitely think this is a good move, because it starts allowing you to show connections outside of Geni (via other social networks like facebook, myspace or whatever).  Geni so far has done a good job with privacy, so until they start making big mistakes like Facebook, I think most people will like having the ability to make their family tree visible.

So far the only major thing that is concerning is the valuation Geni received.  It was well covered in the technosphere that with Geni's 10M in funding from Charles River Ventures, Geni ended up being valued at 100 Million.  BizOrigin sums up the concerns pretty well and the only thing I'd add is that I really hope that the kind of expectations levels that people will have on Geni doesn't kill it.  Sure Geni COULD map the entire worlds relations, and it COULD become worth its 1 Billion in gold, but it also can still be pretty cool without achieving that level, and I hope they are allowed other options then 1B or bust.

Regardless of the numbers though, Geni is just cool to use.  It's not going to replace Facebook for heavy social network users, but it just may well be the first social app that baby boomers and older types will latch on to.  It does have competitors (established ones like myheritage and ancestry plus up and commers like itsourtree), but I actually think that Geni is the best of the bunch.  At any rate, if nothing else, Geni will be a cool thing to show my gramps when I see him for Christmas. 


Screenshot:

 

Monday, December 10, 2007

Last week the LA Times and Mixx announced an alliance of sorts (Venture Beat), that while not necessarily revolutionary, adds interesting insight into the direction both old and new guard media are headed.  


As a recap for those not aware of Mixx, they are basically a Digg copy cat - a social media site where you vote for news items, articles, etc.     While Digg is the first and most dominant player in the category, they've been under a lot of fire as of late for allowing people to 'game' the system, and for various accusations of censorship.  This has opened the door for Mixx, a Virginia based company, that launched a private beta in September with 1.5M in first round funding.

The LA Times announcement is interesting for one thing because its another indication of major media realizing that their traditional model of delivery needs adjustment.  The LA Times has already been relatively progressive, especially compared to smaller outlets that sit on their thumbs preaching the old ways while their sales dwindle.  While the deal doesn't seem to add up to much more than a little Mixx icon at the bottom of LA Times articles, whats more telling is that the LA Times has chosen to invest in Mixx (the amount was not disclosed).  When one of the largest newspapers in the world chooses to invest in an online social media site, you know the weather is changing.    

For Mixx the announcement is an indication of how they plan to gain ground on Digg.  Mixx technologically speaking isn't really much different from Digg, so my initial impression with them when they launched a couple months ago, was that they didn't have anything largely noteworthy to convince people that they were better.  The LA Times deal, seems to point to a strategy of leaving the Digg model largely the same, but differentiate with better content.  This proves interesting, because while Digg is highly popular, it still largely just caters to the "tech" demographic.  Mixx, may break out the gates, by become the best social voting aggregator for actual news.  If that's true, this type of announcement is probably the first in a larger scale plan to integrate old guard news into Mixx and vice versa. 

 

Sunday, December 9, 2007

Buzznet, a social media network, originally founded in 2005, is certainly not a brand new startup, but this 3 year old Los Angeles based company is really beginning to take off. 


At its launch, Buzznet was really just a slightly more socialized version of Flickr, meaning thats it main focus seemed to be about sharing photos.  Since then Buzznet has transformed into a full on social networking platform and while it may not be as commonly known as Myspace or Facebook, its gaining some ground.  Nielsen ratings are putting Buzznet as one of the top 10 social media sites, with huge year over year growth.  Couple that with the announcement earlier this summer that Buzznet received it's second round of funding in the 6M range, partly from the same VC firm that has funded Myspace, and you've got a feeling these guys are on a good roll.

So what makes Buzznet so good?  Well for one thing it really does do most everything Myspace is doing only better.  Much like Myspace originally (and to some degree still is) focused specifically on music and media, Buzznet is now a general social networking site that sort of centers its community around artists and pop culture.  As opposed to the clean and simple look that Facebook takes or the clutter hell of Myspace, Buzznet is basically cool and sleek. It allows you to customize the look of your profile to a much higher degree then Facebook, but mostly manages to do it without looking as bad as Myspace.  Buzznet also has a deeper media interaction in its community than the likes of Myspace or Facebook because you can post things like photos, movies, audio, etc not just on your profile, but on other people's too (so as fan you could do things like create your own remix of your favorite band's song and post on their page).  

At the end of the day though, what makes us have the most faith in Buzznet is the adaptability they've shown.  They've evolved their site from a photo sharing community to a much more diversified social media platform.  If they continue their impressive growth, and management continues to show a pension for flexibility, they may be phased to take on the big boys soon.


Screenshot:


 

Friday, December 7, 2007

Early this year, serial entrepreneur Jason Calacanis (of Weblogs fame) launched Mahalo, based in Santa Monica, Ca.  It's been in alpha since May, and I figured it was about time to give it a good rundown.


Mahalo is "a human powered search engine", which basically means they pay people to write custom search results pages. Think of it sort of as Google meets Yahoo Directory meets Wikipedia (in fact their technology is based off the Wikimedia engine). 

When using their site I did sample queries on everything from popular items like "ipod" to more obscure things like "Tech Coast Review". For the queries that did come up with custom results pages, I generally liked the format, its a nice cross between wiki informative and good links that you'd expect in search results. I personally also found the interface with a sort of soft Hawaiian theme quite attractive, although I'm not sure that it will have mass appeal.

But, I've got to say I don't think Mahalo will ever scale to the point of being valuable enough to displace a search engine.  I've seen Jason respond on some of the blogs that you get the best of both worlds, because Mahalo shows other search engine results if they don't have a custom page.  But my response is thats not good enough, I'm not going to waist my time using something other than Google unless its a heck of lot more useful to me.  If most of the time I'm just looking at Google results on Mahalo, then I might as well just stick with using the Google platform (to which we all are getting further and further ingrained with).  
And thats really the crux of it is that they have maybe 10,000 custom pages now and a goal 40,000 custom pages by the end of 2008, but compare this with stats that float around saying Google responds to a billion searches a day with over 25% being new keywords, and you have a startup the clearly is not trying to be a search engine.  So what is their real value, content?  Maybe, but they are currently employing 40 "guides" and paying something like 15 dollars per page written.  While I'm sure there are plenty of out of work screen play writers in Santa Monica that will try to make a few bucks, I still don't see the content getting to the place where it will have mass appeal.  Unless of course this whole exercise is a Search Engine Optomization play.  

Ultimately, for someone with such a "proven track record", I'm a bit disappointed.  Interestingly, Mahalo has gotten mostly favorable reviews.  The usually trustworthy TechCrunch gave a very flowery review, maybe as a results of Jasons partnership with them.  They even went so far as kicking a respected technologists off the TechCrunch 20 review panel for being too overly critical of Mahalo.  Even more interesting is that apparently the media is not the only one star struck by this venture.  Mahalo is so well funded apparently, that they can go 4 years without making a dime.  I have to wonder that unless Mahalo's business plan has some secret ace up the sleeve, the VCs might have been a bit too smitten with Jason's previous successes.  

 

Thursday, December 6, 2007

Marina Del Ray based Guidance, recently released a survey saying that nearly half (41%) of all holiday shoppers consider price the single most important factor in choosing where to buy online.  Obviously.  So while we chalk the PR they sent us up as sad link bait, I'll give in and make note of it because its a good season to brush up on shopping 2.0.


So, what is shopping 2.0?  Well its the same cloudy description of web 2.0 applied directly to shopping ;-) 

Shopping as a platform: Metasearching/comparison engines in shopping are actually a very well developed segment; definitely an area that takes the concepts of: data is king and information is key, to a very practical level.  Unlike a lot of other emerging 2.0 type segments, the top sites here, have a LOT of traction with users, and they have proven revenue.  Maybe important to note is that somehow people seem to understand the difference between a shopping metasearch engine and shopping storefronts like Amazon;  I say amazing, because other areas that do metasearch have a hard time explaining what makes them different (travel metasearch engines for example are commonly confused with sites like Expedia).  Anyways,  here are some sites in this category that of note: Jellyfish, shopping comparison that shares revenue with consumers.  Yokel focuses on local search for your shopping needs.  And of course the ever cuddly Google has a semi decent comparison engine with Froogle, though I think Shopzilla is cooler, and have to give credit to MySimon (or even local PriceGrabber) for being around before anyone had caught on to much of what makes 2.0 such a trend now.   

Harnessing collective shopping intelligenceCrowdstorm is aggregating content to help users research products.  FatWallet has a giant community centered around sharing shopping deals.  And up until recently JudysBook was a nice combo of user generated reviews and user shared shopping deals.  The important thing here is the "recently" part, as Judy's Book just closed shop (after secure 10 million in VC funding - ouch).  This is particularly relevant because it shows how even with a decent amount of traction, user generated content (UGC) is hard to reach a critical mass where it can be monetized.  I definitely think UGC is going to be a major direction of the future, but its way early at the mass adoption level, and thus very few are pulling it off successfully. 

By the way a good blog that follows this stuff is ProbargainHunter (you can find their latest stats about shopping comparison engines here and about deal sites here) .
Oh and a final note: unfortunately, besides PriceGrabber (who sits as the 5th most popular shopping comparison engine and could hardly be considered a recent startup entry) I'm not aware of anybody in the Techcoast innovating in the online shopping space, feel free to let me know if there are any shopping startups from the Techcoast that should be profiled..  -UPDATE: someone sent me a note about Aliso Viejo based Buy.com.  No I didn't forget about them, they just are as Wikipedia puts it "an original multi-channel online retailer" or said another way, they aren't doing anything innovative or original in the shopping 2.0 space- 

 

Monday, December 3, 2007

San Diego based startup Loopd.com has recently lanched as the "raddest sports social network ever".  Yes the tag line is lame, but we've got a bit of a soft spot for this startup.  Social Network me-toos are popping up everywhere, but Loopd has the potential to carve out a nice little niche.  The action sports industry has been experiencing rapid growth and while southern california may not be the tech powerhouse the valley is, it is the action sports hub.  Loopd is well located to bring in some great clients, and they have already brought in a respectable list that includes: Surfer Mag Hot100, PacSun, Oakley, and Monster Energy Drinks.  


Although Loopd isn't opened for anyone to create an action sports network (ala Ning, Flux, or Kickapps), they have much in common with these traditional whitelabel social networks.  When you create a user account, it is shared across the different Loopd Networks.  Meaning that their is a seamless transition between say the Surfer Hot100 Network and the PacSun Network.  This also means that each community can gain traction by the shared ecosystem; a general win-win for community building.  And while the shared base can be problematic for unrelated communities on Ning, it actually works real well within the related mix of action sports communities in Loopd.

From a user perspective, the Loopd experience is mostly quite nice.  It has an attractive and clean interface, that merges a good web2.0 social look with a "rad" action sports theme.  Creating an account was problematic at first when using Safari, but after another try, it was smooth sailing.  Loopd also performed quite fast, which was a nice change from some social networks (cough * myspace * cough).  
All that said, Loopd will have stiff competition from much bigger social networking platforms like Flux or Ning.  Particularly with the weight of Viacom behind Flux, one has to wonder if building a semi walled garden of action sports social communities, will be enough to keep Loopd's partners from moving to a larger, more general social network platform.  I for one hope not, but I wonder what Loopd will be able to offer it's content partners to keep them onboard.  

At the end of the day, if Loopd can successfully carve out a niche of bringing web 2.0 type social networking capabilities to the rapidly growing action sports industry, they might be one of those startups that end up being in the right place at the right time.

Website:

 

Friday, November 30, 2007

I recently had the opportunity to watch one of the TutorLinker founders (a student from UCLA) pitch to a group of angels in southern california.  The pitch was rather rough in a couple ways: it didn't address what their market was, how they were going to bring any return on the investors capital, or really what their product was.  They assumed many of the angels were well versed in web 2.0 and how that applied to finding a tutor.  Needless to say the angels weren't and thus Tutorlinker didn't make it past the first round of pitching.

Despite the presentation snafu (and don't let it get you down TutorLinker), they have a well designed little site.  Basically its a place where tutors 
and those in need of tutors can meet up.  Naturally being a nice little web 2.0 site, it mashes up where the tutors are geographically using the Google Map API.  And while the site isn't particularly sophisticated in what it offers, what they do to (help find tutors) is done well with quite a lot of polish.  
Honestly, I'm pretty surprised these guys made it on TechCrunch a few months back, but it's defiantly a good sign.  The big question is whether or not they can take their "cool" little website and figure out how to turn it into a business.


Screenshot:

 

Tuesday, November 27, 2007


While technically a Korean company they are partnered with K2 Network located in Irvine, CA (Orange County) and they are hiring and basing their U.S. activity out of Orange County as well.

While Storyblender isn't live yet, they are already building some early buzz leading up to their December release by their inclusion in the TechCrunch Top 40. What they've demonstrated so far is a service that allows users to collaborate in editing and "blending" their text, audio, video, and image clips online. Once the blending is complete people will be able to share their "blended stories" with their friends in the Story Blender online community.

The Good
It just sounds fun being able to turn a fat kid with a baton...









Into a fat kid with a light saber; so with the help of a few friends I foresee endless hours of entertainment.

There is also a fertile market for Story Blender in music mixing as well as video editing for more practical purposes like school projects, action sports, and work presentations. The social network could really prove useful; not only because it will allow users to share their artistic talents but it has the ability to facilitate a teaching and learning process that might be keeping many people away from editing their own videos.

Finally they have $1.5MM in funding and are headed by Yong Joon Hyoung who is the founder of Cyworld a popular social network in South Korea.

The Bad
Most video editors that I know (even the ones who only dabble) are very particular to their programs, whether it be Final Cut Pro, Abode Premier, or iMovie. Most video editors aren't going to start utilizing a new way of editing when its unlikely that Story Blender will be able to match many of the features of "real" desktop video software.

This leaves Story Blender's real market people who are just beginning to get in on the Youtube craze and aren't ready to dive in and learn the complexities of traditional video editing software. But succeeding in this market means their service needs to be stupidly simple while still powerful and polished enough to get people to find value in using the service. From the early demos they've shown, Story Blender is not quite there yet.

Bottom Line
While we won't give it a full review until they go live, if Story Blender is able to produce a user friendly video editing tool that retains some of the more important features of traditional video editing software, plus leverages the power of online collaboration, they have a decent shot at being successful.

 

Friday, November 23, 2007

Docstoc is a Beverly Hills based company that (in their own words) is "Youtube for professional documents".   Umm Okay.  Honestly that just sounds dumb.  If I was going for useless analogies, I'd say more like pdf meets Digg, or something like that.  Anyways, despite the tagline cheapshot, Docstoc.com seems like it has a few things going for it.  Although it just went live with its public release a few weeks ago, it has had quite a bit of coverage leading up to the release, most notably in its inclusion in the TechCrunch40.  The company also has secured 4 million in VC funding.

The Good
Online Document Sharing is at a relatively early stage and a service that can make publishing easy and useful for most consumers, while keeping it secure and relevant is one that will do well.  Certainly Docstoc has the potential to succeed by being in a developing niche at the right place at the right time.  They have a strong management team, which is already doing well building buzz and bringing in a growing user base by offering iPod giveaways; I'm sure more cleverness will follow.  

The Bad
Dostoc relies a lot on community and social networking type features, and I'm not really sold that this is a game changing feature for professional documents - not everything needs to be Facebook, especially in the professional space.  There is also the matter that during testing, quite a few errors were experienced when trying to register, or upload documents, or even post info in the blog section.  While its understandable these sorts of things happen during the beta release, I expect them to tighten up their services in the future with that nice round of funding they got.  And finally, there is their early lead competitor Scribd, which quite frankly I like better. 

Website

 

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