May 24, 2007
In an interview with Brewster Kale in ‘Founders at Work’ the Cambridge ex pat, X Thinking Machiner, and founder of WAIS and Alexa, he mentioned that one of the reasons he moved to the west coast was that there were more dreamers there. Boston had an environment that was too conservative and prone to thinking why things were not possible instead of anything is possible.
Got me to thinking that this was one of the great things Y-Combinator is doing for theHub area (Boston/Cambridge and environs).
Paul Graham is re-enforcing creativity, innovation and thinking outside of the (container of your choice), required for a thriving start up market place.
This is a good thing. Especially, if you look at the VCs from the area. The top tier, are very good, but very conservative and more comfortable with Communications and Enterprise Software. When it comes to web properties, one fund is heads above the rest, General Catalyst. The rest are lacking significant next generation Web offerings. You would think the angels might be taking up the slack but one look at the CommonAngels profolio, shows that their thing isn’t the WEB 2.0 type company. Old money, old thinking I guess.
More power to PG and anyone else that can help create a more vibrant environment for fostering start up companies in theHub.
May 16, 2007
Company Name: Third Screen Media Inc.
Company URL: http://www.thirdscreenmedia.com
Citation URL: http://www.bizreport.com/2007/03/third_screen_media_to_power_fox_news_mobile_ads.html
Formation Date: Q3 2005
Funding Status: Acquired for profit
Investors: TD Capital Ventures, Blue Chip Venture Company.
Founders or Execs past companies: M-Qube, Britemoon, Fast Channel, CollegeLink.com
Industry: Mobile Advertising
Offering Descripton: TSM|Network, the world’s largest, single-source mobile ad network and MADX, the only web-based, mobile ad management and delivery platform that connects agencies, publishers and carriers.
May 10, 2007
Company Name: Care.com
Company URL: http://www.care.com/
Citation URL: http://www.boston.com/business/articles/2007/05/05/local_net_firm_aims_to_match_families_with_tutors_sitters/
Formation Date: 2006
Funding Status: Series A
Investors: Matrix Partners
Founders or Execs past companies: Upromise, theladders.com
Industry: Consumer Internet
Offering Descripton: We understand the difficulties and struggles you face when trying to find the right care and services for your families, yourself, and your home.
May 4, 2007
Company Name: Quattro Wireless
Company URL: http://www.quattrowireless.com/
Citation URL: http://www.rcrnews.com/apps/pbcs.dll/article?AID=/20070503/FREE/70503009/1012
Formation Date: Late 2006
Funding Status: Series A $ 6 M
Investors: Highland Capital
Founders or Execs past companies: M-Qube
Industry: Mobile Application Advertising
Offering Descripton: hopes to help publishers create mobile Web sites that offer compelling content as well as interactive advertisements.
May 1, 2007
Company Name: StartupAddict.com
Company URL: http://www.startupaddict.com/
Formation Date: 2-2007
Funding Status: Bootstrap
Founders or Execs past companies: Scout Productions
Industry: Micro Finance, Start Up Marketplace
Offering Descripton: Social Networking Platform for Startups, Post your Idea and get funding, buy and sell start up companies
May 1, 2007
This is mostly old news, but it makes sense to point out some of the relatively quick liquidity events that have happened in 2006 – 2007.
Most recently Tabblo an on-line photo sharing and printing company was acquired by HP.
In 2006 Onfolio was acquired my Microsoft. Don’t quote me but I think it was less than a year old with less than 10 employees.
In april of 2006 SiteAdvisor was acquired by Mcafee. SiteAdvisor was founded in April 2005
So it is obvious that we are entering a bubble again right! Not really. The difference is that all three companies had proven teams and founders that had previous experience.
Tabblo’s Antonio Rodriguez had previously founded two other companies.
Onfolio was founded by J. J. Allaire of Allaire and Cold Fusion fame.
SiteAdvisor was founded by two past founders of Vividon and an X VC from Bessemer.
The point of this post is to show the difference between 2000 and 2007. Better ideas, better founders, better value propositions.
May 1, 2007
A few weeks ago, I was told by an x employee that Wis.dm was shutting down. Now it seems that they may try again with a skeleton crew and new changes. Stay tuned.