Yes, I like LinkedIN, and am one of the very early users, from the early days before social networks become trendy. Simply because, unlike some of the more fashionable networks, I actually found it useful for business.

But is it worth One Billion Dollars?  Apparently it is - if you ask Bain Capital Ventures, Sequoia Capital, Greylock Partners, and Bessemer Ventures, who just invested a whopping $53M  with the even more whopping $1B valuation.  $53 million is a decent exit for some startups - but LinkedIN has about $100M in annual revenues.  Still, I really wonder what kind of stratospheric exit (IPO) valuation the current investors expect.

Or perhaps Kara Swisher is right:

Why go public when you can just pretend?

Exactly.

Update (6/18):  In celebration of entering the Billion-Dollar Club, LinkedIn is down.

Tags: ipo, LinkedIn, Social Networking, Social Networks, Startups, valuation, vc investment, venture Capital

I’ve pretty much said everything there is to say about Launch: Silicon Valley 2008, a joint event of SVASE and Garage Technology Ventures.

The presenting startup applications are in, being evaluated, and thirty of them will debut on June 10th @ the Microsoft Mountain View Campus.

There is another important deadline now: Monday is the last day you can register at the Early Bird rate, which represents a $50 discount.

See you there in June!

Tags: Art of the Start, business events, DealMakerMedia, Demo, entrepreneurship, Garage.com, guy kawasaki, IBDNetwork, launch silicon valley, microsoft, product showcase, SDForum, silicon valley, Social Networking, startup pitch, Startups, SVASE, Under the Radar, UtR, vc, vc Funding, venture Capital

This year’s TechCrunch 50 Conference is planned to coincide with DemoFall, the (other) premium startup Launch event.

VentureBeat attempts to (well, sort of) explain it with scheduling, but make no mistake, this is a fairly open move against DemoFall, to establish TechCrunch50 as the premier startup launch event. There’s no question that TechCrunch can pull in just about the entire VC community - in fact given the audience pricing, $2000 early bird, and $3000 regular, it’s hard to believe anyone but VCs can afford to attend. Well, VCs and students, as those with a student ID can get in for $149.

The presenting companies will not be charged - that’s a huge differentiate vs. Demo. As I said before, you almost have to be already funded to be able to afford Demo’s fees. I leave it to you to decide which one is more startup-friendly.

Of course they want a real launch show, so the one hard condition is that your product /service will have to be new (unseen) at the Conference. Several commenters are already complaining that they are launching before September, which automatically disqualifies them.

I have a solution for you “early birds”: come join us at Launch: Silicon Valley 2008 jointly presented by SVASE and Garage Technology Ventures. Five of last year’s 29 presenters received venture funding, in aggregate of $30M. That’s not $140M, but not too shabby, either.

How to participate? If by June 10th, 2008 (the day of the event) you will have a product or service available, but have not been out in the marketplace for more than a few months, then send an Executive Summary of no more than 2 pages to Launchsv@svase.org. Submission deadline: May 9th, 2008. (Garage Technology offers a useful Writing a Compelling Executive Summary guide.) Last year’s 30 (actually, 29) presenting startups were selected from 170 submissions. For details - and attendee registration - check out http://www.launchsiliconvalley.org/.

See you there!

Related posts: bub.blicio.us, Valleywag, Jason Calacanis, SheGeeks, ValleyWag, News.com, Silicon Alley Insider, : WinExtra, CenterNetworks, mathewingram.com/work, BoomTown, The Drama 2.0 Show, Geek Gestalt, /Message

Tags: Art of the Start, auto repair, business events, DealMakerMedia, Demo, demofall, entrepreneurship, Garage.com, guy kawasaki, IBDNetwork, launch silicon valley, microsoft, Pleasanton, product showcase, SDForum, silicon valley, Social Networking, startup pitch, Startups, SVASE, techcrunch, techcrunch40, techcrunch50, Under the Radar, UtR, vc, vc Funding, venture Capital

Startup Entrepreneurs who did not make it to the recent Under the Radar event, here’s your second chance: join us at Launch: Silicon Valley 2008, co-presented by SVASE and Garage Technology Ventures and Microsoft.

In fact it will be more than a second chance: while the UtR event focused specifically on the business-oriented web applications, Launch 2008 is designed to uncover and showcase products and services from the most exciting of the newest startups in information technology, mobility, security, digital media next generation internet, life sciences and clean energy. The inaugural Launch event was in 2006, combined with Guy Kawasaki’s Art of the Start conference.

Are these events worth attending? It’s your call … all I can say is 5 of last year’s presenters received venture funding, in aggregate of $30M.

So if you are building the Next Great Business in the areas mentioned above, are (almost) ready for launch, meaning that by June 10th, 2008 you will have a product or service available, but have not been out in the marketplace for more than a few months, then by all means send an Executive Summary of no more than 2 pages to Launchsv@svase.org. Submission deadline: May 9th, 2008. (Garage Technology offers a useful Writing a Compelling Executive Summary guide.)

Last year over 170 companies from all around the country and even overseas applied, so clearly the presentation spots are in high demand. Based on the submissions up to 30 companies will be invited to present at the Launch: Silicon Valley 2008 event on June10th at the Microsoft Campus in Mountain View, California. Presentations slots are 10 minutes, running in 6 sessions of 5 companies each. Each presenting team will also be assigned a cocktail table in the Networking Room where they can meet with interested audience members one-on-one to answer questions and explore possibilities.

Guy Kawasaki will deliver the opening Keynote, while the closing keynote will be by Tim Draper, Managing Director of Draper Fisher Jurvetson.

The evening before, on June 9th the presenting companies, registered audience and selected bloggers and media will be invited to a Pre-Event Party at a prestigious location in Palo Alto, providing a further opportunity for networking with Silicon Valley’s movers and shakers.

Here’s a list of companies that launched new products/ services at last year’s Launch Silicon Valley event:
BooRah, Catalog Data Solutions, ClearlyBest.com, Connectance, Datamash Corp., Data Robotics ($10MM venture financing, Q3 ‘07), DivinR, d.light design, Eyejot, fix8, Fog Screen,GroupScope, H3.com, Industrial Origami, Jaxtr ($9MM venture financing, Q3 ‘07), Kongregate ($5MM venture financing, Q3, ‘07), LogSavvy, MyShape (Undisclosed venture financing, Q3, ‘07), Nuvora, Ready Solar, Redwood Renewables, Sensl, Shapewriter, Smaato, SnapJot, Spresent, TelId, Truemors, Wrike, and Yodio.

So if you are a qualifying startup Founder, remember the deadline: May 9th. Registration fee (incl. Networking Table + 2 tix) for the invited finalists is $695 if SVASE members, $850 otherwise. For audience members, Early Bird registration is available at $145 / $195 until May 19th, after which only full price registration will be possible. For additional details and later for updates check http://www.launchsiliconvalley.org/.

Guy Kawasaki called Launch: Silicon Valley “the poor man’s Demo”. SVASE proudly wears that badge, since we’re bringing this event at a price that won’t keep any startups away. It’s your turn now: send in the Executive Summary and launch with us in June.

Update (3/21):  I was just informed that the SVASE site as well as launchsiliconvalley.org is down, and will likely be so for the next 48 hours. Bummer, apologies for the inconvenience.   In the meantime, Executive Summaries can still be sent to Launchsv@svase.org, and the , Early Bird registration works, too.

Tags: Art of the Start, business events, DealMakerMedia, Demo, entrepreneurship, Garage.com, guy kawasaki, IBDNetwork, launch silicon valley, microsoft, product showcase, SDForum, silicon valley, Social Networking, startup pitch, Startups, SVASE, Under the Radar, UtR, vc, vc Funding, venture Capital

It’s almost two years ago that I “cleaned house” at LinkedIn, dropping from 500+ connections to about 300.

I had no clue about Dunbar’s number ( the maximum number of people one can maintain active, stable social relationships with, estimated at 150 by British anthropologist Robin Dunbar), I simply felt I had been to open accepting invitations from unknown people, and as a result, I barely recognized names on my LinkedIn contact list. I thought the very idea of LinkedIn was that it should be an online reflection of my real-life relationships.

Fast-forward two years, now we have FaceBook, Plaxo Pulse, Twitter, and a zillion of other places, and get inundated by friends request from new and new “social networks” never heard of before. Perhaps the rules changed a bit - people do “befriend” each other in cyberspace, without having met first. I can accept that to a certain extent, but I still think Dunbar’s number has merit, even in today’s world. Of course it’s not fixed at 150, for some it may be 80, for the uber-social ones 3-4-500? JP Rangaswami, blogging at Confused of Calcutta, (also pioneering adopter of social software as former CIO at Dresdner Kleinwort Wasserstein) thinks his digital Dunbar number is higher than 150:

I’ve sensed that I have a Dunbar number of around 300 in the digital world, and I’ve been delighted to find I know most of the steady ones. Over the years I’ve actually met most of the community of readers, usually at conferences. The face-to-face contact, in turn, leads to a deepening of the relationship, and we land up creating and developing links in FaceBook and Twitter.

JP is wondering if there’s a trend here, and asks his readers:

How many FaceBook friends do you have, how many regular readers of your blog, how many followers in Twitter, do you see a correlation between the three, if not why not, and so on. Do you tend to meet a core of this number on a face-to-face basis, if not why not?

I’m not a regular reader of JP’s blog - discovered this post via Anne Zelenka at Web Worker Daily, but even if I was a subscriber, I would not consider myself a “friend”. I might want to follow his ideas on Twitter (if I was twittering at all) but that’s still passive mode. I think this commenter to Anne is right:

I don’t think that “following” people on Twitter would be considered “stable social relationships”. A social relationship implies a two-way street, and in my book, one that I value with some significance. That’s not to say that online social tools can’t be part of real relationships, but you can’t just add up all the numbers and think it means anything.

Now, if I commented on JP’s blog several times, and he responded, we’d establish a form of conversation, which, over time would allow us to get an insight into each other’s mind - i.e. getting to know each other to some extent. Perhaps at that point it would be appropriate to “befriend” each other on FaceBook. (Not that I actively use FaceBook, which is increasingly becoming an advertising platform, and even before that I had found it somewhat of a time-waster.)

I still don’t think we’d be ready to become LinkedIn contacts, because that network is all about trust, and recommending / referencing “friends” in a business context. Call me old-fashioned, anti-social, but I think that level of trust requires more of a real-life relationship, so my LinkedIn numbers would be close to my Dunbar-number, the number of active social contacts I am able and willing to maintain.

Before they cracked down on them, LinkedIn got polluted by contact-hunters, so-called superconnectors who amassed thousands, in a famous case 16,000 contact records. Note the emphasis on records. It’s just that. Data records, not real relationships. FaceBook (possibly learning from LinkedIn) limits the number of contacts to 5,000, which some users, including Robert Scoble find inadequate:

I think it sucks because it isn’t scalable and falls apart at 5,000 contacts. It pisses me off more and more every day because of that scaling wall.

Robert is a celebrity, and the 5000 or so are in his fan-club. Just like the Twitter example above, he has followers, not active friends. Hyper-social or not, he also has a Dunbar-number. It may be in the higher hundreds, but not in the thousands. For the rest of us, non-celeb types, I still believe less is more, and our online networks should reflect our real-life one, instead of being an inflated collection of data records. (This line became Doc Searls’ Quote du jour).

Finally, somewhat off-topic, here’s an observation from JP’s post: he’s using to ClustrMaps to monitor and illustrate where his readers come from. I understand the concentration in Europe, and also in the US, but what I am amazed at is the picture inside the US: what is this magical East / West divide? How come his readership drops so significantly in the Western half of the US?

Update (5/29/08):  How Many Friends is Too Many? asks Josh Catone @ ReadWriteWeb .

Tags: contact management, digital friends, Dunbar, Dunbar number, facebook, LinkedIn, Social Networking, Social Networks, Social Software, superconnectors, Twitter

Silicon Valley Web Builder will host a wiki-focused event tomorrow, Wednesday. While their first wiki event almost a year ago with JotSpot, Socialtext , Atlassian and WetPaint was more introductory, this time the focus will be on - surprise! - the contrast or harmony of Beauty- i.e. attractive UI, vs. the Beast - functional robustness.

The Moderator for tomorrow is Luke Wroblewski, Yahoo’s design guru who has authored a book on Web interface design principles titled “Site-Seeing: A Visual Approach to Web Usability” and is working on thee next one: “Web Form Design Best Practices”.

The Panelists are:

• Kevin Flaherty of Wetpaint
• Ryan Lukehart of BrainKeeper
• Aaron Fulkerson of Mindtouch
• Raju Vegesna of Zoho
• Joshua Wold of Atlassian

It’s definitely an interesting mix. Playing a bit with the metaphor, I’d say market leader Atlassian is known as the “beast”: whatever enterprise wiki functionality you can think of, their Confluence will likely have it.

Wetpaint got popular for the “beauty” - that’s why I called it the wiki-less wiki. It’s a most user-friendly self-publishing tool that allows anyone to create a site and transform it into an online community. Incidentally, the SV Web Builder site is built on Wetpaint.

Brainkeeper, a user-friendly enterprise wiki startup took me by surprise when they launched in January. Totally out of left field, they aim to be the beast like Confluence and the beauty like Wetpaint, with twists not seen in wikis, like workflow. I’m really looking forward to seeing how far they’ve got since launch.

“MindTouch is transforming the Wiki from the Web’s best collaborative authoring tool into an open source service platform with a Wiki heart. Their Deki Wiki Hayes release is perhaps the most extendable Wiki tool available today.” I had to steal that line from Read/WriteWeb, I couldn’t have said it any bettr - oh, and congrat’s on reaching the 100,000 user mark!

Zoho is not a pure-play wiki player. Their wiki is just a part of a productivity/collaboration suite, and it shows. Beauty? The UI needs improvement, but this is the only wiki with not just simple a WYSIWYG editor, but a full word processor that writes true html, not wiki syntax. Beast? I think the emphasis here will not be on the standalone product, but how well it integrates with other Zoho offerings, supporting a flow-oriented world that matches how we think.

It will no doubt be an interesting event, so please check out the site details, and remember, admission is free if you register online, but $10 at the door. See you tomorrow.

Related posts: Laughing Squid, Lunch 2.0, Functioning Form, Mindtouch, Brainkeeper, Wetpaint, Zoho blogs, Centernetworks.

Tags: atlassian, brainkeeper, confluence, deki wiki, design, mindtouch, silicon valley web builder, Social Networking, svwb, usabiility, wetpaint, wiki, wikis, zoho

What a difference (less than) two years make! Here I was complaining about losing half the conversation …. two months later three comment tracking services debuted: coComment , MyComments and co.mments. Of these three, coComment developed decent traction.

Fast forward a year or so, and we have an abundance of comment tracking / conversational tools: TechCrunch just announced Intense Debate:

…a souped-up blog commenting system that adds a lot of features for publishers and commenters alike. 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.

TechCrunch mentions JS-Kit, SezWho, and Tangler as competitors. But on the very same day Fred Wilson announced another commenting system:

I am lending a new startup a hand by letting them showcase their new comment system on this blog.
I don’t know how much I am supposed to say about them, so I’ll stay silent on them for now.

Based on some similarities (at least at first glance) I thought it was Intense Debate skinned somewhat differently - but after all, there was a little logo leading to Disqus: another commenting/ conversation system.

Choices, choices … what’s a poor blogger to do?

Update: I’ve met - online - Josh from Intense Debate and Daniel from Disqus. The dilemma still stands (hm, should I say I’m intensely debating which one to try ;-)) but in the meantime I’ve found this video on Daniel’s blog. It’s absolutely off-topic, and absolutely worth watching (till the very end, or you’ll miss the point):

Update (6/15/08): Almost a year later two of my main issues, which back then I discussed both with Disqus and Intense Debate are still open.  These are: trackbacks and easy export of comments out of their system to one’s own blog.  These are the primary reasons I am still not using these systems here.

Tags: blog conversation, Blogging, co.mments, cocomment, comment tracking, disqus, intense debate, mycomments, reputation, Social Networking, tangler

Mozilla has released the scoop on Coop (sorry, couldn’t resist), a product that will incorporate social networking right into the FireFox browser.

This cannot be good news to social browser Flock (originally built on Mozilla) says TechCrunch. (Flock is another story on it’s own right: pre-release over-hype, underwhelming early beta, still waiting for a 1.0 product). Not everyone thinks Flock is .. well, *flocked*, for example Matthew Ingram and Mark Evans think the more competition the better.

But there is a bigger story here. The initial reaction on TechCrunch is almost unanimously negative - and it’s not the typical Arrington-bashing pile-on.

• “I hope they offer a version without. I want a browser, not a social network.”
• “I’d rather see them address the resource-hogging issues in Firefox. If social-networking features cause it to use any more system resources, I’ll need a freakin’ dedicated server just to browse the web.”
• “It does sound exciting but why does Mozilla want to add further memory hogging features in firefox.”
• “I don’t want anything more in Firefox until they stop it consuming 98% of my CPU cycles.”
• “Firefox is still a resource hog. I’d rather see that fixed before it becomes a social browser.”

Clearly, users want their browsers to work reliably, fast, without becoming a resource-hog. I’ve said before, performance is a feature, and apparently it’s becoming feature #1 for many - yours truly included. I must be getting old, not getting this social “networking 24×7″ - heck, I don’t even watch Justin.tv

Now, to be real, I’m sure (?) Coop will be an optional add-on, so those who don’t want it can continue with a more lightweight browser. But this mini-revolt at TechCrunch is a good reminder that the memory-hog issue has been present and largely unaddressed by Mozilla for years. I think it also offers a lesson to any software company: even your most religious fans/users can easily jump ship if either something better comes along, or you “flock” up badly.

Related posts: Startup Meme, Andy Beal’s Marketing Pilgrim, Infocult, Techscape, mathewingram.com/work, Mashable!, Mark Evans, Compiler, franticindustries, 901am, CenterNetworks, Between the Lines, The Social Web and more …

Tags: browsers, coop, customer loyalty, firefox, flock, ie7, justin.tv, performance, Social Networking