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Startup Bloodbath in Social Media?

Image credit: Evil Fish Google announced their own URL shortener. Great.  But some startups may be panicking.  The TechCrunch title says it all: Bit.ly Just Got Fu.kd: Facebook And Google Get Into The Short URL Game.

Of course bit.ly is not the only possible casualty, but they are the dominant one in the URL shortening space – or at least they have been so far…

But what most commentators haven’t noticed is another feature from Google: FeedBurner social, which might very well kill TwitterFeed.  Yes, why bother with an intermediary when we can now have FeedBurner send our blog post to Twitter directly?  Check out the URL for this very post on Twitter: it’s the shiny new goog.gl variety.

And it’s not over yet.. just as we’re absorbing what all this means, here’s news of Twitter testing business features, including the ability of multiple users posting on behalf of one organization..  Somehow I don’t think CoTweet, HootSuite and a bunch of others are too happy about it.

Are they all doomed?  Not necessarily – right now they all offer additional features (multiple accounts, scheduling, stats..etc), but nevertheless, it must not be very comforting when the Ultimate Giant enters their space…

Oh, yeah, I know … we’ll soon see the statements from all these startups welcoming Google, validating their markets…etc. 🙂

(Cross-posted @ CloudAve )

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Good Luck Steering the Titanic

titanic USA Today’s (former) Travel Editor blogs her last day, after getting laid off:

But what bothers me the most is what my firing represented. See, I’ve been learning all the tricks that a modern multi-platform journalist is supposed to know. In the past 22 months, I’ve blogged, tweeted, shot photos and videos, and handled speaking engagements. I edited my section, managed my high-personality staff and then in my spare time, I wrote cover stories – something that very few other editors at USA TODAY do. I hustled and I cajoled and I ended up out on my ass anyway…

…But increasingly, things have become more interesting outside the newsroom bubble. I’d go to conferences and meet people who were making it just fine on their own. Some were creating niche businesses, busting up the paradigm. Others were parlaying old school media talents into fresh ventures, with a moxie that made me wish I had the freedom to emulate them. The air inside USAT’s towers on Jones Branch Drive always seemed a little stale after that.

These freelancers-slash-entrepreneurs are smart. They are nimble. And now they are my role models, as I join their ranks.

So to the managers who made this decision, in less than 140 characters I tell you: Good luck steering the Titanic. And thanks for the head start. Now I’m really going to run.

In unrelated news, a bridge was sold in England for a million pounds ($1.66M).  Which proves there is a market for bridges.  So in true entrepreneurial spirit, I have a bridge to sell you.

brooklyn-bridge

(Cross-posted @ CloudAve )

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Startup CEO Who “Won’t Take VC Abuse” Is Now a VC Himself and Blogs About Both Sides of the Table.

Valleywag  named Mark Suster, then CEO of Koral “one entrepreneur who won’t just take VC abuse”  for his blog post  “slamming one VC partnership for tardiness, inadequate preparation, and bad Blackberry manners.”  That was late 2006…

Not long after the “incident” his startup, Koral received funding, which, in hindsight was probably unnecessary: a few months later, barely out with a beta product Koral got acquired by Salesforce.com.

A few months later the “anti-VC” (not really) CEO has become a VC Partner himself.

Read more

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Startups, Present @ Launch: Silicon Valley 2009. Few Days to Deadline.

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 2009, co-presented by SVASE, Garage Technology Ventures and Microsoft.

In fact it will be more than a second chance: while the UtR event focused specifically on Cloud Computing, Launch 2009 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 since 2006 presenting startups received a combined $80+ million in venture funding.

So if you are building the Next Great Business in the areas mentioned above, are (almost) ready for launch, meaning that by June 9th, 2009 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 8th, 2009 – yes, just a few days left. (Garage Technology offers a useful Writing a Compelling Executive Summary guide.)

Last year over 300 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 2009 event on June 9th 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.

The evening before, on June 8th 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.

So if you are a qualifying startup Founder, remember the deadline: May 8th.  For additional details and later for updates check http://www.launchsiliconvalley.org/ and you may also want to follow the event (actually the President of SVASE) on Twitter.

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

(Cross-posted from CloudAve. To stay abreast of news, analysis and just plain opinion on Cloud Computing, SaaS, Business grab the CloudAve Feed here.)

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SVASE VC Breakfast with Hummer Winblad in San Francisco – Focus on Software as a Service

We’re in a deep recession, VC investments dried up, startups are shutting down and the World is coming to an end…  or not?

I’m just back from a very lively Under the Radar conference where 32 startups presented and the audience was full of VCs looking for the next investment opportunity.  Those who missed the UtR deadline, or just did not fit this event’s profile (Cloud Computing) will soon get another change at Launch Silicon Valley, co-presented by SVASE, Garage Technology Ventures and Microsoft.

In between these conferences there re are several smaller, more intimate events, like the SVASE VC Breakfast Club series.  After a long time I’ll be back moderating the next breakfast meeting this Thursday, April 30st  in San Francisco.  As usual, this will be an informal round-table where up to 10 entrepreneurs get to deliver a pitch, then answer questions and get critiqued by a VC Partner. We’ve had VC’s from Draper Fisher,  Kleiner Perkins, Mayfield, Mohr Davidow, Emergence Capital …etc.  This Thursday’s VC is Lars Leckie, representing the first exclusively software-focused venture firm, Hummer Winblad Venture Partners.

These breakfast meetings are a valuable opportunity for Entrepreneurs, some of whom would likely have a hard time getting through the door to VC Partners. Since I’ve been through quite a few of these sessions, both as Entrepreneur and Moderator, let me share a few thoughts:

  • It’s a pressure-free environment, with no PowerPoint presentations, live demos, Business Plans…etc, just casual conversation; but it does not mean you should come unprepared!
  • Follow a structure, don’t just roam about what you would like to do, or even worse, spend all your time describing a problem, without addressing what your solution is.
  • Don’t forget “small things” like the Team, Product, Market..etc.
  • It would not hurt to mention how much you are looking for, and how you would use the funds…
  • Write down and practice your pitch, and prepare to deliver a compelling story in 2-3 minutes. You will have about 8-10 minutes, the first half of which is your pitch,  but believe me, whatever your practice time was, when you are on the spot, you will likely take twice as long to deliver your story. The second half of your time-slot is Q&A with the VC.
  • Bring an Executive Summary; some VC’s like it, others don’t.
  • Last, but not least, please be on time! I am not kidding… some of you know why I even have to bring this up. Arriving an hour late to a one-and-a-half-hour meeting is NOT acceptable, but we’ve had too many such incidents, so here’s a new rule:  if you’re late by more than 20 minutes, you will not be allowed to join the session.

Here’s the event info page, and remember to register – the previous event with Hummer Winblad sold out in advance.

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Two Days Left for Under the Radar Online Registration – Get Your Discount Here

We’re at the final countdown stage for the Under the Radar: Clarity in the Cloud conference – it’s coming up this Friday, April 24th, 8:00AM – 6:00PM @ the Microsoft Campus, in Mountain View, CA.  

If it’s named a conference, it has to have a keynote or a panel, and that’s what you get at 9am: the Buyers’ Wish-list Panel:

  • What are technology buyers are hunting for?
  • What cloud technologies have they adopted?
  • How you can get on their wish list?

But that’s where all similarity to a conference ends.  The rest of UtR is actually a giant Startup Launchpad – the American Idol of startups.  Except UtR won’t take months to declare the winners.  The finalists present in a rapid-fire format  – they are grouped in categories of 4 each, in two parallel tracks  and each presenter has about 15 minutes. They get grilled by the judges and audience, then all attendees get to vote  ( I wonder if they upgraded from paper ballots to SMS yet..) and at the end of the conference the winners of each category are announced.

UtR has a good track record of the participants getting funded – about half of them got funded or acquired in the past. (See more stats here.)  If we can believe InformationWeek’s Top 50 Startup list, this year’s roster will also be worth paying attention to:

           
          

          

                      

 

Then there are the Graduate Circle Companies – fomer UtR presenters, who are no longer truly “under the radar”, having proven themselves:

       

       

 

So if you want to be part of 2009 startup history, network with entrepreneurs, VC’s, media, corporate decisionmakers, join us on Friday.   CloudAve is a media partner for this event, several of us (Krish, Graeme, Raju and myself) will be there, and most importantly, we have a deal for you.  Use our VIP registration site for $100 off the non-member price.

If you can’t commit full day, drop by just for the afternoon (it’s Friday).  For the first time in the history of these events, you can now get an after-lunch pass for $275.

See you there!

(Note to PR types: thanks for all your interest, but I am not making advance appointments.  UtR is too vibrant, dynamic, there are too many interesting people to bump into to make such commitments – better go with the flow.  But it’s a small place, and several of us from CloudAve will be there, so I’m sure we’ll meet your startup clients anyway.)

(Cross-posted from CloudAve. To stay abreast of news, analysis and just plain opinion on Cloud Computing, SaaS, Business grab the CloudAve Feed here.)

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Startups: Present at Under the Radar

Under the Radar is Silicon Valley’s most established startup debut platform: a conference series organized by Dealmaker Media (for those with a longer memory, they used to be IBDNetwork) , covering business applications, social media, entertainment, mobility..etc.

The 11th Under the Radar conference in Mountain View, CA on April 24, 2009 will focus on Cloud Computing and Business Applications and as such it’s an obvious fit for CloudAve – media partners for the event.

While a conference in name, it’s actually a giant Startup Launchpad – the American Idol of startups.  Typically 32 finalists are selected, who will present in a rapid-fire format  – they are grouped in categories of 4 each, in two parallel tracks  and each presenter has about 15 minutes. They get grilled by the judges and audience, and at the end of the conference the winners of each category are announced. 

But why bother in the middle of the worst recession most of us have seen?  After all, no startups get funded now – you may think.   Well, if you think VC investment all dried up, just look at these two UtR companies picking up $27M in funding.   In fact Dealmaker Media claims that in the past 3 years alone, presenting companies have gone on to raise over $1.36 Billion. Some additional stats on Under the Radar “graduates”:

49% have gone on to raise funding or be acquired
14% have been acquired by companies such as Google, eBay, Microsoft, Yahoo and Cisco
$14 Million average has been raised by presenting companies

I guess the Dealmaker name is justified, after all smile_regular.  Other than the presentations, these events are also an excellent networking opportunity amongst the 400 or so attendees, so let’s look at the previous years’ attendance statistics by provided by Dealmaker Media:

http://sheet.zoho.com

It certainly looks like the right crowd to mingle with for investment-hungry startups.  Currently about half the slots are filled by these finalists:

Ctera, Eucalyptus, Heroku, New Relic, Sauce Labs, Symplified, Tap In Systems, Twillio, uTest, Virsto Software, Zephyr, Zetta, Zimory, Zuora.

Obviously that means there is still room for more.  So if your startups fits one of these categories: 

Cloud Infrastructure | Platforms | Virtualization | Saas | Mashups | Collaboration | Communication | Business Apps | Development Tools (Utilities, OS, etc…) | Mobile Office | Semantics | Commerce | Social software/ networks | Sync (online/offline)

and meets the general criteria:

  • Unique value proposition
  • Ability to monetize product/business
  • Large market opportunity
  • Must still be considered "under the radar" – launched in 2009
  • Company must be an actual startup – not a new product from a large company

then what are you waiting for?   Apply now to present at Under the Radar.  Non-presenting attendees can register here.

We will talk about UtR more over @ CloudAve – it will no doubt be an exciting competition.

(Cross-posted from CloudAve.  To stay abreast of news, analysis and just plain opinion on Cloud Computing, SaaS, Business grab the CloudAve Feed here.)

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Under the Radar: Call for Startups in Cloud Computing & Business Applications

Under the Radar is the Silicon Valley’s most established startup debut platform: a conference series organized by Dealmaker Media, covering business applications, social media, entertainment, mobility..etc.

The 11th Under the Radar conference in Mountain View, CA on April 24, 2009 will focus on Cloud Computing and Business Applications and the organizers have issued a CALL FOR COMPANIES to present.

The general criteria for all UTR events:

  • Unique value proposition
  • Ability to monetize product/business
  • Large market opportunity
  • Must still be considered "under the radar" – launched in 2008
  • Company must be an actual startup – not a new product from a large company

Typically 32 finalists are selected, who will present in a rapid-fire format  – they are grouped in categories of 4 each, in two parallel tracks  and each presenter has about 15 minutes. They get grilled by the judges and audience, and at the end of the conference the winners of each category are announced.   Categories for the April event are:

  • Cloud Infrastructure
  • Platforms
  • Virtualization
  • Saas
  • Mashups
  • Collaboration
  • Communication
  • Business Apps
  • Development Tools (Utilities, OS, etc…)
  • Mobile Office
  • Semantics
  • Commerce
  • Social software/ networks
  • Sync (online/offline)

If you’re building a startup, meet the criteria above, will have a real product / service out by April, don’t hesitate:  APPLY.

See you in April!

(Cross-posted from CloudAveto stay on top of Cloud Computing news, analysis and just our opinion, grab the CloudAve Feed here)

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So is this a Great Time or a Terrible Time to Found a Startup?

Now what?  Who is right?  And the debate does not stop here, it sparked a pretty good discussion in the Enterprise Irregulars group. I think both sides are correct.  It’s a Great Time and It’s a Terrible Time… read my take on CloudAve.

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Startups: Growth or Revenue First? The Case of Twitter and Yammer

The New York Times presents the perfect showcase for what I’ve been preaching in my recession / business models mini-series:

  • turn to businesses
  • stop poking around, create a valuable service
  • charge for it (yes, revenue is not a crime)

The showcase compares Twitter vs. Yammer and their categorically different approaches to business.

Twitter is the leading micro-blogging service – they have a strong brand with zero revenue.

Yammer , riding on Twitter’s coattails has followed the exact opposite model: focus on revenues from Day One.

Is one model better then the other?  Are they both sustainable, especially in a downturn?

Read more here