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Lookout Amazon, Google Acquires Waterloo Startup BufferBox

Anyone who’s followed mobile technology over the last 18 months or so knows that Google and Amazon are in an all out war .When Amazon launched their Kindle Fire tablet, loosely based on the Android operating system, they immediately set up a walled garden ecosystem to provide Amazon content to the tablet device.

Amazon has been in the online e-commerce business a lot longer than just about everybody else. For that they are one of the most trusted names in e-commerce. They’ve also built up a huge collection of content that fuels everyone’s taste in movies, music and of course books.

Many feel that Google’s Android powered tablets, dubbed “Nexus 7 and Nexus 10” are direct competitors for Amazon complete with their own media and app store called “Google Play”.

Now it looks like Google is planning on expanding their click and mortar business to directly compete with Amazon. The acquisition of Waterloo based BufferBox is just another indicator of what Google may have planned in the not so distant future.

BufferBox preceded “Amazon Lockers” by over a year.

When BufferBox co-founder [Mike McCauley] first heard about Amazon Lockers he was disheartened and felt their idea had been ripped off. He was later able to turn it into a much more positive spin when he said: Amazon “put credibility behind the technology,” McCauley said. “Now there’s a big new market Amazon has created. Because Amazon controls 30% of the e-commerce market, you need a third party to offer the service for everyone else.” to the Wall Street Journal read more at http://markerly.com/p/_ZhMm73

The concept is simple, BufferBox lockers are placed in high traffic businesses. Customers of e-commerce shopping sites that have partnered with BufferBox can use the lockers for a safe, secure, and sometimes 24 hour a day place to receive packages. With BufferBox and the Amazon Lockers, long gone are the days someone has to worry about their purchase becoming lost, stolen or damaged, waiting in an overnight carriers pick up location or on the front step.

We’ve even heard from several sources that Memphis based FedEx is working on a similar locker based system that will solve a billion dollar problem with drivers having to attempt a delivery to the same address multiple times a week. This will also solve problems for e-commerce customers who may not get off work until after their local delivery service closes for the day.

Late last month Google announced that they had acquired BufferBox. The team at BufferBox will all be joining Google in the acquisition but they don’t have to move far. Google’s Waterloo offices are on the upper floor of the building where BufferBox is based.

It’s obvious from our interview with BufferBox co-founder Mike McCauley that the small startup is looking to disrupt the way that packages everywhere are delivered. Now they’ll get to do that on a huge scale as part of Google.

“Being a small company and a startup, there’s obviously a lot of challenges,” BufferBox chief executive Mr. McCauley said in an interview with the Financial Post

“So us being able to work very closely with someone like Google allows us to leverage their resources and share vision and combine thoughts and talent together to really make something a lot bigger than we ever would have imagined. We’re really excited to be able to build out that vision quite a bit quicker than we otherwise would have without them onside.”

Linkage:

Source: Financial Post

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Two Boise Startups Win B Launched 2.0 Competition

A pair of Boise startups took home $30,000 in initial funding in Boise Young Professionals competition called B Launched. The contest pitted four startup businesses against each other with the first place team getting $20,000 in initial funding and the second place team taking home $10,000.

Be Free Village is a Boise startup that connects travelers with resources and products who have special dietary needs and food allergies. They have a pretty large launch team including: Lisa Bloomquist, Jared Buff, Chase Burrell, Ali Farber, Brooke Green, Brad Hennessy, Alex Krone, Jennie Myers, Jessie Speck and Cody Wiggins.

“BeFree Village is more than just a community,” Bloomquist said to the Idaho Statesmen. “It is a brand on a mission to become the trusted name for travelers with allergy needs.”

Bloomquist told the Boise Weekly that they were ready to move on.

“That was by far the best presentation I’ve seen done,” Dr. David Pate, president and CEO of St. Luke’s Health system and B-Launched judge, told the Be Free Village team. “The reason you didn’t get a lot of questions is because you answered them.”

The second place team is called Cray Say and they plan on making an app that aids shoppers. They received a $10,000 prize.

In addition to Pate the other judges included: Boise Mayor David Bieter, Boise Metro Chamber of Commerce President and CEO Bill Connors, J.A. and Kathryn Albertson Foundation Executive Director Jamie MacMillan, Idaho Department of Commerce Director Jeff Sayer, Micron Technology Idaho Government Affairs Manager Mike Reynoldson, and Children’s Therapy Place Inc. President & CEO Sondra McMindes.

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Toronto YCombinator Startup: Canopy Labs Raises $1.5 Million

Y-Combinator Toronto based startup Canopy Labs has just raised $1.5 million dollars to help further their company that helps mid-sized businesses build predictive customer models. These models help identify high value customers that can lead to repeat business.

While big businesses typically outsource he development of lead optimization tools, medium sized businesses that may still have over 10,000 customers often don’t have the money to hire a company to build a specific tool. Canopy Labs offers those companies a self serve tool for a fraction of the cost.

To some that may not be the best model in the world but Canopy Labs founder Wojciech Gryc, told TechCrunch in August that their target customers may not need “the most accurate, the best model ever built” instead they need something that’s “actionable and quick”

Gryc is a Rhodes Scholar who is applying his Master of Science Degrees in Mathematical Modeling and Social Science to create the Canopy labs platform.

“We offer our clients insights into their customer data that marketing or sales analysts can understand and use right away to make customers happier and increase their sales. We’ve launched analytics capabilities for our clients in under 24 hours.” Gryc said in a statement.

Canopy Labs helps consumer and retail enterprises with a large customer base prioritize efforts and deliver different marketing messages to different customers. This results in a more personalized sales experience and higher revenue. Customer modeling case studies have shown that the Canopy Labs platform is capable of processing three million records within minutes, increase sales leads by 25%, and increase sales conversions by 200%.

Canopy Labs’ self-serve platform creates customer models by importing all of the interactions that a business has with its customers. Everything from email, social media, voicemail and call center recordings are analyzed with the products that customers buy and how much they paid for these products. Canopy Labs clients are then provided recommended actions for each customer without a sales rep having to reflect upon each customer, thus saving time for the company while decreasing customer churn and increasing customer spend.

“Many analytics companies say they can solve tough problems but most IT projects in enterprises fail or end up stagnating,” said Ron Warburton, managing partner at the BDC Venture Capital IT Fund. “Canopy Labs has found a way to address a very clear problem for enterprises that don’t want to hire consultants or create customized customer modeling programs – streamlining their analytics process and delivering smart, usable data in a very short timeframe.

Canopy Labs $1.5 million dollar round was led by BDC Venture Capital IT Fund. Peter Thiel’s Valar Ventures and a number of other angel investors participated in the deal.

Linkage:

Check out Canopy Labs here

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Boston Techstars Grad: Testive Raises $500,000 Seed

A recent Boston Techstars startup graduate, Testive, has just announced a $500,000 seed round led by influential local investors.

Testive operates on the premise that SAT prep books suck and SAT prep classes are too expensive. Miro Kazzakoff, the startup’s founder says not only can Testive predict a high school students SAT score but also their method is more efficient.

“Somewhere between cheap, boring prep books and expensive classes is an opportunity to deliver online test prep that doesn’t suck,” Kazakoff told the Boston Business Journal “Testive is building the tools that help students learn more efficiently and more enjoyably.”

Immediately following the Techstars Boston session the company moved into Dog Patch Labs an incubator/co-working space founded by Polaris Venture Partners and also in the same Microsoft building that houses the Boston Techstars program. Several other high growth potential startups occupy the space and work in a collaborative environment.

Local angels; Jean Hammond (A Zipcar investor), Eileen Rudden (co-founder of LeanLaunch), Dharmesh Shah (co-founder of Hubspot) and Bill Warner (founder of Avid/ProTools), all participated in the round.

Kazakoff reports that over 10,000 students already use their SAT Habit software. Their software is based on Turbo Test, originally developed at MIT. The investment will go to continued development of the software. They plan on adding features to add in the preparation of the “writing” part of the SAT.

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DC Startup Speek Raises $1.2 Million Dollar Seed Round

We’ve been tracking DC startup Speek since last May when they pitched the initial concept and platform at the TechBuzz competition in Washington DC as part of Capital Connection.

What originally attracted us to Speek was the super easy interface for their conference calling application. The conference calling space is definitely a hot one. Back in May, another conference calling startup UberConference won the highly coveted TechCrunch Disrupt Battlefield at TechCrunch Disrupt NY.

Speek is actually easier to use. With Speek you simply go to the website, pick a username and enter some information, like your primary phone number. From there, when you want to make a conference call you go to that user’s page on Speek and hit the big button in the middle of the page and voila, conference call initiated. For example, my Speek address is http://speek.com/kyle yes I was using it early enough.

The other main attraction to Speek is the startup pedigree. The company was founded by John Bracken who sold his first big startup e-vite to TicketMaster. Speek’s CTO Danny Boice was the founder at Jaxara a startup he sold to Pantheon in 2006.

Today they announced that they’ve raised a seed round of $1.2 million by “several early stage venture funds”.

“Conference calls today are a painful experience in a $3 billion market that hasn’t innovated in over twenty years,” said Speek.com co-founder and CEO John Bracken. “Speek is revolutionizing conference calling by turning a limited telephone-based service into one that is simple, free and in-tune with the next generation of web and mobile services.”

“Speek makes conducting a conference call fast and easy,” said co-founder and CTO Danny Boice. “No longer do you have to frantically search for a PIN number or wonder who’s on the call or who’s talking. Nearly ninety-percent of people who have used Speek would be disappointed if our service disappeared.”

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St. Louis Startup LockerDome Surpasses 3 Million MUVs

Lately St. Louis startup LockerDome has been on fire. We recently reported that the sports social networking startup announced the first game/app built on their platform. Soon after we reported that 19 year venture capital veteran Mark Lewis, had joined the company as CFO. Thursday, they announced that they’ve surpassed 3 million monthly unique visitors (muv).

In addition to offering a sports social network for any stage athlete, from childrens intramural sports, up through college and pro, LockerDome also features over 1350 professional athletes, brands, media personalities, parody sites and other recognized sports properties that host their brands on LockerDome. By leveraging LockerDome, publishers are able to reach a more engaged, targeted sports audience and increase their overall social media footprint. Since launching in January, the interactive sports social media platform has delivered 47% average growth across Facebook and Twitter for its properties (average 4.3 month span, 109,018 to 144,746 followers).

Sports enthusiasts join LockerDome to become a part of interest-specific sports communities where they can consume content and interact with like-minded fans around their favorite professional athletes, teams and sports. The company has been growing at an average rate of14% per week since its launch 11 months back, surpassing one million uniques in June, two million in October and now three million in November. At its current growth rate, LockerDome is on pace to be a top-10 most visited sports site in the next 12 – 18 months.

Contributing to LockerDome’s tremendous growth are the contests that professional athletes, brands, and media personalities host on its platform, with its high-profile contests attracting more than 100,000 entries. Unique to LockerDome is the ability for its properties to easily cross-promote one another, as well as run their contests seamlessly across Facebook and Twitter, maximizing the audience that each property reaches. Contests on LockerDome boast an average landing page conversion of 19%, more than six times above the industry average of 2% – 3%. Current featured contests include MLB Hall of Famer, Wade Boggs, MLB’s all-time hits leader, Pete Rose, NFL Superstars, Larry Fitzgerald and Troy Polamalu, and the iconic baseball brand, Rawlings.

“This is just the tip of the iceberg for LockerDome. As explosive as LockerDome’s growth has been in 2012, we will undoubtedly be even more dominant in 2013,” commented Gabe Lozano, co-founder and CEO of LockerDome. “The overwhelming demand for LockerDome by professional athletes, media partners, brands and the targeted audiences these publishers reach, and the subsequent meteoric growth from that demand, is a clear indication that the LockerDome platform will only continue to strengthen.”

“Every professional athlete needs to be on LockerDome. By leveraging LockerDome as the social media hub for my personal brand, I’ve been able to better engage my fans and grow my entire social presence across Facebook, Twitter, and LockerDome,” said Larry Fitzgerald, All-Pro NFL wide receiver with the Arizona Cardinals. “From a content standpoint, I use LockerDome not only to host unique fan giveaways, but also as a daily source to post behind the scenes, interactive content.”

“As one of the world’s premier sports agencies, we’re always looking for unique technologies that give our clients an edge. LockerDome has become part of our secret sauce,” said Adam Rosenthal, Director of Athlete Marketing at Octagon Sports. “LockerDome not only enhances our clients’ brands, but also provides them with new monetization opportunities. LockerDome will become a standard across all professional athletes and notable sports figures.”

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Burlington MA Startup: Acquia Raises $30 Million

Burlington startup, Acquia, provides enterprise tools based on the open source Drupal web platform. If you’re not familiar with Drupal, it’s the backbone architecture for such popular websites as The White House and the Economist. The platform was created by Dries Buytaert, who also serves as CTO for Acquia.

The startup has now picked up a cool $30 million dollar round led by Growth Capital and Goldman Sachs. Accolade Partners, North Bridge Venture Partners, Sigma Partners and Tenaya Capital also participated in the round. They are looking to add between 120 and 140 new jobs within the next 12 months. They are also planning on using the money for more international expansion.

Acquia generated $21.8 million in revenue in 2011 according to the Boston Business Journal. CEO Tom Erickson plans to double that this year. They are also looking at a possible IPO within the next two years.

This latest round brings their total venture funding to $68.5 million since 2007. The company was founded by Buytaert and Vice President Jay Batson.

They currently employ 260 people. 140 of those work at the corporate office in Massachusetts. They also have offices in Washington DC, California, Amsterdam,Paris and Oxford England.

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St.Louis Startup LockerDome Adds 19 Year VC Veteran Mark Lewis As CFO

News keeps pouring out from our friends at St. Louis startup LockerDome. Earlier this week the largest sports social network startup in the world announced that they had just partnered for the release of the first app/game built on the LockerDome platform. Thursday the team at LockerDome announced a new addition in 19 year venture capital veteran Mark Lewis, joining the team as CFO.

Lewis’ venture capital experience includes working with Gateway Associates and Two River Associates from 1998 to 2006. Most recently Lewis spent the last six years as a principal at Advantage Capital Partners, one of the nations leading venture capital firms with over $1.3 billion in invested capital.

While LockerDome founder and CEO Gabe Lozano is no beginner when it comes to startup and entrepreneurism, adding Lewis to the team brings a plethora of welcomed experience.

“As we continue to invest in the team’s growth, we are thrilled that someone of Mark’s stature, energy and talent will lead LockerDome’s efforts toward securing an even brighter financial future for the company,” Lozano said in a statement. “Under Mark’s financial leadership we will continue to build on the momentum the company has had this year in amassing over 1,300 properties and 2.5 million monthly unique visitors since January.”

“Joining a visionary leader such as Gabe Lozano to help build LockerDome into the premier interest-specific social media platform is an incredible opportunity. I am quite excited by the prospect of sustaining and managing LockerDome’s explosive growth,” said Mark Lewis, LockerDome’s new CFO “I look forward to securing a strong financial future to execute Gabe’s vision and LockerDome’s brand.”

LockerDome is a sports social network that allows anyone at any level in sports to join, create a profile and interact with others. From school age leagues to the pro’s, a wide variety of athletes make up the LockerDome social network. Hundreds of thousands of sports fans have also joined the network to keep up with their favorite sports stars, teams and even media sites.

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Rumored: DC Startup Living Social To Lay Off 400 Later Today

Several startup and tech sites are reporting that Washington DC daily deals startup, Living Social will lay off as many as 400 people later today (Thursday). The Washington DC Business Journal is credited with starting the rumor based on sources “with knowledge of the daily deal giant’s plans”

The news was escalated Wednesday when Pando Daily founder Sarah Lacy tweeted out a link to a short news brief on her site about the possible layoffs.

As early as two months ago at The Brandery’s demo day, Living Social CEO and Co-Founder Tim O’Shaughnessy led no one to believe that the company was in this much trouble. O’Shaughnessy was the keynote speaker at the branding focused accelerators investor event.

According to The Business Journal, the cuts are supposed to affect several of the company’s nationwide offices, including headquarters in DC which is spread across six offices downtown.

The layoffs may cause even more trouble, as Living Social just won a $32.5 million dollar tax break from the DC government, contingent on opening a 200,000 square foot centralized headquarters and maintaining a headcount of over 1,000. The company last reported 4500 employees globally, and while the 400 layoffs alone wouldn’t seem to affect that tax break, the question lays on what else happens with the company.

Living Social isn’t the only daily deals company that’s having problems. It’s been widely rumored, and some say leaked, that rival Groupon’s CEO Andrew Mason may be ousted by his board of directors. Groupon has struggled since going public, despite the fact that they are still making money.

Living Social suffered a net loss of $566 million in the third quarter. Much of that was in the form of a $496 million dollar write down of some of it’s 2011 acquisitions. Revenue also slipped from $138 million dollars in the second quarter to $124 million in the third.

Linkage:

LivingSocial on the web

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Cincinnati And The Brandery Featured In CNN’s Piece About Startup Communities

When we venture away from home (which is quite often), we’re sure that our regular readers know that Cincinnati is one of the thriving startup communities we like to visit. Cincinnati is home to The Brandery, the world’s first startup accelerator devoted to marketing and branding. They’re also home to Cincy Tech, Centrifuse and many other startup and entrepreneurial initiatives.

It’s no surprise than that Cincinnati was named as one of the six cities “where startups thrive” according to CNN. Earlier this morning we brought you the story about Music City USA (Nashville) also receiving the same honor.

Cincinnati’s back story is a bit different than being home to the legends of country music. Cincinnati is home to one of, if not the, biggest branded company in the world, Proctor & Gamble. One thing that many startup communities struggle with is getting their patriarchs, or “blue bloods” to participate in the new, somewhat risky, startup community.

Proctor & Gamble is “all in” with Cincinnati’s tech and startup community. The son of the consumer giants CEO Robert MacDonald, Rob MacDonald, is one of the founders of The Brandery. The Brandery pulls several mentors from the ranks of the Proctor & Gamble world headquarters and also works hand in hand with some of their biggest marketing partners to give their portfolio companies a boost.

What’s better than that though is that The Brandery, along with Cincy Tech and the collaborative effort, Cintrifuse, host regular classes, workshops and talks aimed at the young and up and coming entrepreneurs in the city. Anything from bringing your product to market, to designing the best business plan, is constantly taught and retaught for the Cincy startup community, and most of these activities cost little to no money.

Innovation comes in many forms in Cincinnati

When you look at most startup accelerator cohorts you can strip the current classes startup names, and find that you have similar classes throughout the country. You have your photo app, your video app, your event sharing app, your collaboration platform, one or two hard goods and something social. Startups in Cincinnati push the envelope and break the box apart.

Take ChoreMonster for instance. This standout startup from the first Brandery class, is the “big brother” startup at the Brandery. Their founders are constantly mentoring, coaching and helping other startups. Their idea though? Chore management for kids with an uber friendly, monster theme. Does it work? My five year old daughter does chores like nobody’s business, I just need to get her mother on the program now. ChoreMonster has already raised over a million dollars in venture capital and their official product isn’t even out of the gate.

A startup made out of a team of teenage, ivy league dropouts, called “FlightCar” is picking up major traction including a recent feature on TechCrunch.com. Their idea is to facilitate peer to peer car lending at airports. If you’re going on a week long vacation, why pay to park when someone else can pay you to use your car. The three founders behind the startup, have never rented a car in their lives, but they were able to work out the insurance kinks and now have a viable product and testing in two major airports.

Venturing outside of the Brandery’s “Over The Rhine” walls you’ll find startups like CapStory and CoupSmart. The young founders of CapStory are looking to restore the sanctity once found with Facebook. Even at just 20, they know the risks involved in that beer bong shot posted to your Facebook page. Their startup is hoping to give college students the ability to share those memories without their future boss seeing them.

Coupsmart is an engagement platform that’s taking all those likes and fans from social media and really turning them into revenue. An idea that’s on the minds of marketers around the world.

With this kind of startup community flourishing in Cincinnati it’s no wonder that they were selected by CNN as one of the cities where “startups thrive”.

Linkage:

CNN “Cities Where Startups Thrive”

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Nashville Featured in CNN’s “Cities Where Startups Are Thriving”

For years Nashville Tennessee has been known as Music City USA. Country music starts in Nashville. This year ABC is even running an hour long drama based on country music and life in Nashville, called “Nashville”. To people from the midsouth it’s no secret that Nashville also has a thriving entrepreneurial, startup and tech scene, but now they’ve been highlighted in a piece on cnn.com called “Cities Where Startups Are Thriving”.

In 2010 the Nashville Chamber of Commerce in conjunction with the Nashville Technology Council opened the Entrepreneur Center. A team of 75 people in an “entrepreneur task force” began researching and discussing the possibility of creating a resource for Nashville entrepreneurs back in 2007, a year after a similar effort was started in Memphis Tennessee by entrepreneur Eric Mathews and Launch Your City.

The center started as an online resource, and eventually became a brick and mortar centralized location that serves as the startup and technology hub in Music City.

In May of 2010 it was announced that successful healthcare entrepreneur Michael Burcham was picked to lead the Nashville Entrepreneur Center after a six month search.

Now the community is thriving. Nashville investors have put $72 million dollars into 21 companies so far in 2012, nearly double the $38 million dollars and 8 companies they invested in in 2009.

Startups like Edo Interactive that originated in Nashville and now has offices in Nashville and Chicago, has raised over $50 million dollars in venture capital. Another startup, RentStuff, which got it’s formidable start in the Jumpstart Foundry accelerator program, housed at the Entrepreneur Center, followed in Edo Interactive’s footsteps, relocating to Chicago and leading to an acquisition first reported here at nibletz.com late last week.

Nashville is just one of 9 entrepreneurial pockets that LaunchTN is supporting with startup accelerators. The nine high growth areas include four major hubs, Memphis, Nashville, Knoxville and Chattanooga and also have five shoulder markets as well. Tennessee was the second state to formalize a Startup America region. That much entrepreneurial and startup activity in the state of over 42,000 square miles means that no Tennessee resident is more than an hour and a half away from an entrepreneurial hub.

Linkage:

CNN’s “Cities Where Startups Thrive”

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Austin Startup: SocialGood.TV May Save Al Gore’s “Current” TV Network

Tennessee native, former Vice President and founder of the internet (lol) Al Gore, got into the tv business with long time friend and notorious tv ad lawyer Joel Hyatt, who was well known for his tv slogan “I’m Joel Hyatt and you have my word on it”. In 2005 they launched “Current TV” a left leaning tv network.

After his failed bid in the 2000 Presidential election Gore, wanted to go into the TV business. The idea was to launch a conventional tv news network to combat the likes of right leaning Fox news. Some feel that CNN already had it’s feet firmly planted in that position, which is why Current never really took off.

Today we learned that Austin startup SocialGood.TV may be buying the national cable network and moving it’s operations to Austin. The Austin Business Journal is reporting that in addition to the move, SocialGood.TV may be looking to move the networks programming more into the middle of the road.

Stephen Vogelpohl, co-founder and CEO of SocialGood.TV has been tight lipped about what the startup is working on exactly, however it’s been learned that they have a few employees who are developing a video engagement platform for social causes.

Current currently offers programming from disgraced New York Governor Eliot Spitzer, ex-Michigan Governor Jennifer Granholm, former San Francisco Mayor Gavin Newsom and “The Views” with Joy Behar. The network is beamed into 71 million homes with about 60 million of those being in the United States. In the grand scheme of things those are relatively low numbers for a cable network.

Vogelpohl told the Austin Statesman that if SocialGood.TV was successful in the bid they would move programming to causes “outside of legistlation” adding:

“Making communities stronger isn’t a left or a right issue,” he said. “We’d want the programming to be more inclusive, educating through entertaining.”

Vogelpohl’s stake holders are to meet next month in Austin to discuss the deal further.

Linkage:

Here’s a link to socialgood.tv

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Startups Everywhere Else See 65% Of US VC Money In Q3 2012

The latest Dow Jones VC Edge report for Q3 2012 was just released. Overall, venture capital investment across the globe has declined 20% quarter over quarter. Deal flow on a global decreased as well by 11% with 1341 deals in Q2 2012 and only 1189 deals in Q3 2012.

Fred Wilson, the Principal at Union Square Ventures, weighed in on the Dow Jones report in a blog post on Sunday. Most notable to Wilson was that VC funding of consumer web and mobile companies was down 42% for the first 9 months of 2012, when compared to the same 9 month period in 2011. He’s careful to note that the decrease has come in follow on funding and not seed funding.

Wilson highlights three trends in consumer based web and mobile companies that are worthy to note. The most important being that mobile first startups need to spend more to simultaneously bring products out across iOS, Android and the web. It also seems that some startups are having a hard time building scale after their mobile products are built.

The Dow Jones VC report said that IT still received the most venture funding with $3 billion dollars spent in the quarter which is still a decrease of 10%.

In overall venture funding the US was the strongest region even with a 17% drop in investment. Israel saw an increase of 43% with $263M invested in Q3.

Source: Dow Jones’ Venture Source

As for the United States, Silicon Valley still commanded 35% of the venture pie, while startups “everywhere else” drew 65% of the venture capital. Dow Jones highlighted the Los Angeles metro (3%), Seattle metro (2%), Chicago metro (4%), Boston metro (10%), New York metro (9%), and Potomac with (3%). All the other US cities that weren’t broken down accounted for 32% of funding.

Wilson’s interpretation of the critical piece of data surrounding follow on funding was spot on. The Wall Street Journal noted that companies that had a seed round in 2007 and 2008 were more successful in raising follow on funding than those who received a seed round in the following years. There was also more money up for grabs just 5 years ago. The median seed round in 2007 and 2008 was $4 million, while today that’s shrunk to $2 million.

Linkage:

Get a free tour of Dow Jones’ Venture Source here

See this Wall Street Journal piece

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Memphis Startup: Cloud For Good Introduces New Product SynagogueCloud

Tal Frankfurt and his CRM/Salesforce startup Cloud For Good has introduced a new product aimed to help synagogues across the country and around the world get more organized. Cloud For Good is a consultancy and product development company that uses primarily SalesForce as it’s back bone and specifically helps non profits.

Today, CRM (Constituent Relationship Management) is shifting towards cloud computing. Instead of buying and maintaining expensive servers and software to manage constituent conversations and information, synagogues can use Web-based (“cloud”) applications to run their CRM—and receive a higher return on their social investment. More than 16,000 nonprofits and educational organizations (and 160,000 companies) are now using Salesforce to transform their operations, reduce risk, and better serve their members.

“The cloud revolution and the Salesforce platform are changing the way synagogues operate today by providing the cutting-edge technology needed to build deep and meaningful relationships with their constituents. Meet the Synagogue Cloud!” Tal Frankfurt said in a statement.

“We tailored Salesforce, one of the most powerful web based applications, to manage every touch the synagogue has with its members, board, volunteers, partners, and vendors. The application allows the synagogue’s staff to manage one list that is integrated with their website, social networks, and financial systems. This application is going to change how synagogues engage and cultivate relationships with their members,” added Frankfurt.

SynagogueCloud manages over 20 different key areas within today’s busy synagogues.

Household Tracking
Organization Tracking
Constituent Tracking
Prospect Management
Volunteer Tracking
Leadership Tracking
Education Tracking
Relationships Tracking
Activity Tracking
Membership Tracking
High Holiday Seating
Events & Classes
Honors & Aliyahs
Revenues
School Tracking
Membership Portal
Email Integration
Direct Mail
Reporting

Frankfurt and the Cloud For Good Team have incorporated every aspect of a synagogues business including social and religious functionality. There are also custom features that can be built into the system. The pricing is incredible as well.

Linkage:

Check out SynagogueCloud here

Check out Cloud for Good here

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