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RedBeacon was the 3rd winner (year 1: Yammer, year 2: Mint.com) – not bad company. In the same year they won Business Insider’s Startup competition. And in a world where we increasingly log in to personal web time at late hours or on our mobile phones that’s no longer good enough. Nice sweep!
Geni.com beget Yammer. They had started to launch new products that helped web site owners better load applications from third-party vendors and they started experimenting with totally new ad models that drove the daily revenue up by 7x in less than 30 days. Seemic (now a Twitter client) was originally a video blogging platform.
Gilt Group is currently the largest private sale web site in US. Configurable from desktop-based web-based UI. Competition: McAfee , Symantec. Yammer, Salesforce Chatter. If I were a number 3-5 players I’d be looking to exit early while there’s still a lot of enthusiasm for this hot market. Time will tell. Employees: 27.
So riffing off the famous Andy Grove statement that “only the paranoid survive” and believing that “only the most exceptionally talented startup teams survive” — most get washed out by the constant cycle of change and competition. Why Invest? Tact stated with a user-centric approach from Day 1.
In the simplest form, new startups have a product that is INFERIOR to that offered by the competition but at a dramatically lower price with the seller opting for a very thin margin on their product. And then they decided they wanted to be the Internet retailer of computing services so they created Amazon Web Services.
We collaborate using Zoom, Teams, Salesforce, Yammer, Skype, GoToMeeting, Fuze and hundreds of other tools not available to the last generation of whiteboard, personal meeting or teleconference users. The mobile web will become what desktop Internet became in the 1990’s – the standard platform for anyone doing business.
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