Friday, March 23, 2007

Study: $850M Invested by VCs on Web 2.0 In 2006


Ernst & Young and Dow Jones VentureOne are reporting today that global venture capital investments in Web 2.0 companies totaled $844.4M in 2006, twice as many dollars invested in the space in 2005, and with nearly twice as many deals. According to the study, there were 167 Web 2.0 deals last year, with a median pre-money valuation of $6M worldwide. Pre-money valuation of Web 2.0 deals were smaller than the overall median pre-money valuation of venture backed companies, which is $18.5M. Ernst and Young and Dow Jones found that the most active investors in the space were Benchmark Capital, Draper Fisher Jurvetson, Sequoia Capital, and the Omidyar Network. The study classified Web 2.0 firms as companies that include user-created content, podcasting, blogging, social networking, as well as companies using AJAX and other rich Internet applications.

8 Startups That will surface Soon



The Under the Radar: Why Office 2.0 Matters conference starts later today in Mountain View, CA. It’s a chance for lesser-known companies that provide web-based business solutions to strut their stuff. The 32 companies that will be presenting at the conference are promoting their ideas on how to make business more collaborative and productive. Here’s a roundup of those presenters that offer true social benefits with their services.

SlideAware - SlideAware provides online storage and collaboration solution for slideshows that’s fully integrated with PowerPoint. This provides transparency for the team. Presentations can be sent to clients, and metrics give details about who looked at the presentation, and how long they viewed a particular slide.

Big Contacts - Big Contacts serves up an online Rolodex, wiki-style. Keep track of meetings, anniversaries and clients’ spouses. One-click access to Word templates pre-populate letterheads and greeting cards for any contact. Added notes and assignments from multiple users are wiki-style to see the history on any client.

Koral - Koral is a private workspace for your docs that can be shared with a group. An improved search makes it easier to find the right document, and their sync function alerts other team members when a new version of your document has been added. Koral keeps everybody on the same page, at all times.

Spresent - Spresent provides a web-based alternative to PowerPoint. Their Adobe flash-based service is optimized to create feature-rich presentations that can incorporate YouTube videos and Flickr photos. Presentations are shared online, and prove to be far more engaging than a PowerPoint presentation.

Stikkit - Post-it meets wiki. Stikkit, a recent SXSW finalist, lets you type notes on your Stikkits, and they’ll be kept up to date. Shared Stikkits can be edited, making it a mobile wiki. Email yourself a Stikkit for it to be automatically converted into an email format for furthered sharing purposes.

Teqlo - Teqlo is an application that lets you mashup your widgets. It aims to provide a way for non-tech savvy people to create customized solutions, such as a drag-and-drop feature to place sales leads on a map and automatically provide a list of phone numbers every morning. Removing the need for coding and developer knowledge broadens access to the furthered democratization of business and social tools alike.

Worklight - Worklight uses ajax and RSS to offer better access for employees within the corporate structure. Other ways they update businesses are desktop and web-based widgets, bookmarks, and mashups. Businesses are usually slow to adopt new trends like these. So Worklight may not change the masses, but could usher in the next era of business communication.

Xcellery - Xcellery enables online collaboration of Excel sheets. Their service may seem to be very similar to other online document management systems such as Google Docs and Zoho Sheets. Xcellery’s main point of differentiation is the fact that revised documents aren’t replaced, but are extended. This is a useful feature that many of the established players have yet to take into account.

Starting With a Dream Ending with a Nightmare


When you first sit down and start dreaming about the website or product you want to release upon the world, you soon find that your dream has alot of flaws. A great example of this is CitySearch.Com when they first came to market they had a grand vision of becoming a hot bed of business listings for anyone who needed to find anything from a great place to eat to help from an attorney. One problem there dream became a bloated nightmare over time. They have now sunk into nothing more than a bloated online phonebook. What happened ? there dream was so clear yet they turned into something that there founders would have never imagined a few years ago. Two words Buy Out . When they sold there company to AOL a few years back they turned a corner and havent looked back since. They are now headed down a road that they cannot come back from. for most people citysearch is there only viable search engine for finding local businesses. When you start a business you have a dream but what happens to that dream when you walk away . Do you start another dream and forget about your past glory or do you hold onto it and transform it from a dream into an empire. Both are difficult at best. Googles founders have turned there dream into an empire based exactly on this philosophy. If you truly believe in your dream you can turn it into an empire. But if you dont it will turn into your nightmare.