Reflections & analysis about innovation, technology, startups, investing, healthcare, and more .... with a focus on Minnesota, Land of 10,000 Lakes. Blogging continuously since 2005.

Category: Entrepreneurship (Page 16 of 59)

Inveni Launches Discovery Engine That Gives You Human-Filtered Recommendations Based On Millions of Crowd-Matched Movies

Inveni-logoInveni LLC has launched a discovery engine that is says “will drive social recommendations in the Web’s next wave.” The company’s free consumer service will also enable better targeted advertising — and, says the firm, change how consumers both make and receive recommendations on the Web.  The service is now publicly available, after more than a year in development and several months of private beta testing. The company (formerly known as Open Preferences, and based in Minnetonka, MN) made its debut at the TechCrunch Disrupt event in San Francisco this week, and also presented the same day at the midVenturesLAUNCH startup conference in Chicago.

“The next wave of the Web will be about personalization. We’re focusing on using personalization to meaningfully improve discovery and decision making,” said Aaron Weber, CEO and cofounder. “The Inveni discovery engine leaps ahead of other online recommendation services.  What we’ve developed is unlike anything previously available.  Inveni consolidates ratings you put anywhere online – Netflix, IMDB, and more – provides tools to make and receive recommendations wherever you are, and helps you make better, more informed buying decisions.” The service has received positive feedback from users during the private beta over the past several months, said Weber.

Inveni-PersRecommendations Inveni provides its highly personalized product recommendations based on a consumer’s universal taste profile.  To create a personalized taste profile, Inveni empowers users to aggregate product and service ratings they’ve made across the Internet to quickly build deep, rich profiles of their tastes.  Beginning with the media categories of movies and TV, users can share their taste profile information with friends and other services online.  Inveni also facilitates product recommendations between friends (word of mouth), based on their tastes.

“We use this taste profile data, along with our unique crowd-refined recommendation engine, to provide highly targeted advertising, while simultaneously providing consumers with a compelling personalized service for discovery and sharing,” said Robert Bodor, CTO and cofounder, “We aim to become the premier provider of highly targeted consumer data for advertising online. We do that by turning the current consumer data model upside down, putting the user in control of their information.  We are entirely opt-in, and are raising the bar on consumer privacy protection.” Inveni-MyTastes

The company produced a fun, two-minute video to describe its value proposition to consumers, which you can view here.

Inveni describes itself as being “dedicated to driving the personalization revolution that will be Web 3.0.”  It was founded in 2008 by two experienced Internet entrepreneurs, Aaron Weber and Robert Bodor, and has a stellar set of successful Internet-industry executives acting as advisors. It is privately funded. 

Prior to Inveni, Aaron Weber, CEO and Cofounder, was COO and cofounder of W3i (formerly Freeze.com), a software marketing company based in St. Cloud, Minnesota. Aaron helped bootstrap the company to $25 million in annual revenues in seven years.  W3i has been profitable every year since its inception, and has provided initial investors with a 10x return in the first 5 years.  Aaron has received the SBA Young Entrepreneur of the Year award and the Ernst & Young Regional Entrepreneur of the Year award.

Robert Bodor, Inveni’s Chief Technical Officer and Cofounder, spent four years as a consultant for McKinsey & Company before he and Aaron founded Inveni.  There, he advised Fortune 500 clients in the high-tech industry on operations, innovation, and product development.  Previously, Robert was cofounder, president, and CTO of Point Cloud, an Internet company that provided interactive product visualization to prominent online retailers.  Robert holds a Ph.D. in computer science and engineering. He has invented and commercialized multiple Internet software technologies and has authored seven patents.

Follow Inveni on Twitter at www.twitter.com/discoverinveni and on Facebook at www.facebook.com/inveni.

NOTE: A version of this post first appeared on Minnov8.com, a site that showcases web innovation in Minnesota.

(Disclosure: the writer has a consulting relationship with Inveni LLC.)

DEMOfall 2010: A Chat With GoToCamera About Making WebCams Simple (Finally!)

VarunArora+LiYi_GoToCamera Can you set up a security web cam in 30 seconds? You can now. My last interview at this DEMOfall was one I vowed to do the moment I saw this company's pitch on stage. This was music to my ears. I love it when a startup takes on a previously complex, daunting technical task for consumers, and just makes it dead simple. Let me tell you about GoToCamera, from Pechora Technologies in Singapore. These guys homed in on one of those nasty problems, setting up a web cam, and developed what appears to be an elegant, low-cost solution that consumers (and businesses) will happily pay for. GoToCamera-logoSurveys show people want the security of monitoring their homes, businesses, children, or their yards or vacation homes — but few can set it up themselves, or afford expensive security monitoring services. And get this: GoToCamera's basic service (one cam) is actually free! GoToCamera does't sell cams — it lets you use any you have lying around, in your existing computers or laptops, maybe old ones you aren't even using anymore. By running their software, that cam can start recording video as soon as it detects motion. Or, you use any of the newer, inexpensive USB cams on the market (Logitech or many others) for as little as $25, and you're in business. The secret, of course, is in the software. This is a startup that could hit a home run. Time will tell, but they have a ready market out there, a smart team, a well-designed solution, a great looking web site, and investors who have seed-funded them. Now, it's off to the races!  I can't wait to sign up myself (they even have a special discount code: "DEMO2010"). In the photo: Varun Arora, left, CEO and cofounder, and Li Yi, CTO and cofounder.

Download or listen to Graeme's interview with GoToCamera about making webcams simple (finally!)… (MP3)"

DEMOfall 2010: A Chat With Needly About Your “Stuff” – Selling What You Have and Getting What You Need

JoeyHarward+FredKrueger_Needly For all of you who, like me, cringe every time you have to look at Craig's List and think, geez, there has to be a better experience — well, listen up: there is. Fred Krueger (at right in the photo, with Joey Harward, cofounder) has been hard at work with his team in LA for some some time building Needly. It's a great-looking site for all your stuff — yes, selling it and acquiring more of it, which we all love to do — but more than that: keeping track of the whole shebang, too (think for insurance valuation purposes, which is a great side benefit). Needly makes it as easy to get all your stuff and needs online as it could possibly be. One key way they let you do that is with a very nicely designed iPhone app. You just shoot a picture, add a price and a quick description, click submit, and it's up on the Needly site in seconds.  Needly-logo A key part of Needly's offering is an escrow payment service, which protects both buyer and seller. Fred is a three-time presenter at DEMO. He knows how to attract millions of people to sites — and how to raise money. I'm betting we hear a lot more about Needly, and I can't wait to get my hands on the iPhone app as soon as it's approved on iTunes.

Download or listen to Graeme's interview with Needly about your "stuff" – selling what you have and getting what you need… (MP3)"

DEMOfall 2010: A Chat With SocialSmack About a New Way to Engage with Brands

SocialSmack-MattCurtin Get ready to hear the phrase "Props and Drops" a lot, at least if SocialSmack has anything to do with it.  I heard last week these guys would be here at DEMOfall, and I knew I'd have to interview them.  SocialSmack-logo This startup, based in Austin, TX, is all about giving consumers a better way to express themselves about the brands they interact with on a daily basis.  I had a great chat with Matt Curtin, founder and CEO.

Download or listen to Graeme's interview with SocialSmack about a new way to engage with brands… (MP3)"

 

Mobile App Developers Talk iPad and OS 4

IPad Been havin' a lot of fun with my iPad this this week, so much so that I almost forgot to post
this.  I started asking my local developer friends (some of them clients) what their thoughts were on the new device almost as
soon as I got mine last Saturday. So I’ve had this post brewing for several days
now.  Then, I’m finally about ready to post it, and Apple goes and
holds its “sneak-peek” media event Thursday.  So, natch, I had to ask
some of them for their reaction to that, too.

Here we go, then — five experienced Minnesota mobile app developers
tell me, straight up, what’s up with iPad as relates to them.  And,
after that,  I include some great insights from a couple of them about
iPhone OS 4 — coming this summer for the iPhone, and soon after for the
iPad. (Bring it on, Uncle Stevie!)

Joe Sriver, Founder, DoApp Inc. Joe, will your company be
developing iPad apps? DoApp-logo

“Yes, we do have plans for the iPad,
first for our real estate product, then our other products. No ‘made for
iPad’ apps are in the store from DoApp on day one, though.  But I did
preorder an iPad for the team.”  In a story our friend Julio
Ojeda-Zapata wrote in the PioneerPress on April 2, we learned that DoApp
was frantically at work on the iPad version of it’s “Home Kenex” app,
which is for home buyers and real estate agents.  Maps can be positioned
alongside lists or photos of homes to make navigation easier and more
intuitive than the cramped iPhone screen allows, said the story,
facilitating better house comparisons.  iPad becomes “a coffee
table-type of thing, with people in their agents’ offices cruising for
properties on the device,” said the story, quoting DoApp’s Wade
Beavers.  GPS capability will be added in an upcoming version of the
iPad, so home buyers or agents will be able to pull up listings in their
vicinity and “drive effortlessly towards them using satellite
navigation.”

Bill Heyman, Founder and Lead Developer, CodeMorphic.
Bill, what apps are you doing for iPad?  Redoing any of your
existing ones?

CodeMorphic-logo “No existing apps.  What we’re doing are new ones for various
clients.  Unfortunately, I’m not at liberty to say what they are.  I’m
also working on a new game app I’m publishing myself, but I’m not ready
to submit it yet. I’ll let you know when it’s getting close.” 

I assume you now have an iPad in your possession? “Yes, I
had one delivered to me while on vacation in Arizona this week.”

What are you finding in regard to how well your iPhone apps work
on iPad?
“They seem to work fine.
”

What about landscape mode?  Are you concerned that apps should
work either way on iPad?
“Apple has basically told developers that
they MUST support rotation in their iPad apps.  Unfortunately, it can
be a major PITA to support it well, but developers are going to have to
bite the bullet now.
”

Any other comment? “I think iBooks is the killer feature of
the iPad.  There’s been talk about the iPad developer gold
rush, but no discussion about the author and independent content
provider gold rush.  It’s going to happen — and I think it could be
every bit as exciting as some of the apps.”

Matt Bauer, Founder, PedalBrain.
Does the iPad fit in at all regarding your app? “Yes, it does —
from a coaching or team director standpoint, to track athletes.” PedalBrain-logo

I guess iPad isn’t too “mobile” as relates cycling, huh?
“It will be a new application than what we have.  Likely a different app
that we will charge for — probably like $20 or so.  I really see iPad
apps being sold for quite a bit more than for the iPhone.  It won’t be
till late summer we will think of doing an app.”

Your current app, of course, would work on the iPad, right?
“App, yes — but hardware, no.  Apple hasn’t given the okay for iPad
accessories from third parties yet.  Once they do, our hardware
accessory will work.”

Terry Anderson, Founder, Handcast Media Labs.
What’s up with you and iPad? “We also got our first iPad on
Saturday.  We’re within a few days of having our next release of the
SparkRadio app, which will HandcastMediaLabs-logo work on either iPhone or iPad.  In the
future, we will optimize a version for iPad that takes advantage of the
increased screen real estate in a cool way, but that’s further out
(maybe 45-60 days).  The visualizer screens on the iPad are stunning in
full screen mode.”

Did I hear you dropped your price
for SparkRadio on the iPhone from $5.99 to $1.99?
“The price drop
is temporary and is part of our experimenting with promotional tactics
and pricing to see the effect on demand.

“Ultimately, we’re likely to end up with this scenario:  A free
version called Spark Radio Lite that will be full featured, but will
only stream 200 selected stations (maybe two weeks away)
…  A full
version that will sell for between $5 and $6 (ultimately 30,000
stations) – so the price drop is temporary…  And note that both versions
will support iPhone and iPad equally –  the software will detect the
device and will load the appropriate interface… And we may come up with
an enhanced iPad version, which could be sold as a separate product, but
that’s down the road and still undecided.  Now that I see SparkRadio on
the iPad, I can imagine a scenario where the iPad is docked in a stereo
(many companies make them for iPhone and I assume we’ll see them
shortly for iPad), and Spark is streaming audio and providing a pretty
cool lightshow.  We think this will be a great way to expose the product
and the graphics to a larger audience.  Very excited.”

Bekki Freeman, Developer, TinyMission.
Please tell us about your firm’s experience, what kinds of apps you
do, and what types of clients you work with. TinyMission-logo

“Tiny Mission started as an iPhone
app development company.  Because of the high demand for applications,
and especially integration between web apps and mobile apps, we’ve
expanded to other mobile platforms, including iPad, and are eager to
integrate these with enterprise systems.  Two of our clients are On Impact
Productions
and Fraser
We work with both small and medium-sized companies, writing apps to
enable their corporate and customer visions.”

How many apps have you published, and in what categories, for
iPhone and other platforms?
“Tiny Mission has published one iPhone
application for On Impact Productions, and is preparing to submit a
second for them this month, in addition to a BlackBerry and Android
application.  We are submitting two iPhone applications for Fraser this
spring, and are part way through development on an enterprise
application that will be centered around the iPad.”

What are your plans for iPad apps, and what do you see as being
different or challenging compared to iPhone?
“We are very excited
for the iPad because of the endless possibilities for very feature-rich
applications.  The iPhone has been great for enterprise, but it is just
too small to do complex business tasks.  We plan to bring web apps,
smart phones, and the iPad together to fully integrate our clients’
business applications.  Our vision is for our clients to answer all of
their customers’ questions and needs without ever going to a desk.”

——-

So, enter the Apple sneak-peek media event on Thursday.
CEO Steve Jobs outlined what’s coming in the next version of the iPhone
operating system, called OS 4.  He highlighted seven new features:
IPhoneOS4 •    Multitasking
•    Folders to organize apps
•    A unified inbox
•    iBooks is coming to the iPhone
•    More features for the enterprise
•    A social network for gaming
•    Mobile advertising with iAds

I asked Bill Heyman of CodeMorphic, What’s your reaction to the
iPhone OS 4 sneak-peek announcement yesterday?
“Multitasking is a
great feature, of course, but still keeps the iPhone OS in control — to
prevent bad apps from monopolizing the feature. It’s probably not enough
for real-time, time-critical apps for the iPhone, but it’s a step in
the right direction. Apple’s drawn a line in the sand for how apps are
developed — Adobe Flash, Corona, and other platforms appear to be
screwed, as they’re currently architected.  Basically, Apple wants
native apps to use native code (Objective-C, C++, C, JavaScript).  So,
for these other development platforms to survive, they’re going to have
to ultimately be code generators for code types that Apple approves. I
suspect Apple is following up the release of the iPad with the new
iPhone OS to maintain momentum and to blunt criticisms of the iPad (and
iPhone) as new Android-based tablets and phones start to appear in the
next few months.”

I also asked Bekki of TinyMission, What are your impressions of
iPhone OS 4?
“Obviously, multitasking is huge.  We’ll be able to
offer our clients’ users so many more options for delivering
functionality, such as location-based notifications. Local notifications
will give many of our small business clients the ability to offer
reminders and user-specific content without having to manage external
servers and user databases.  We believe our clients will really benefit
from the new enterprise features.  The agility and flexibility of
wireless enterprise app distribution and the improved data encryption
are very exciting.  By breaking down barriers to enterprise deployment,
Apple is opening up a whole new market segment with opportunities for
companies like Tiny Mission to expand into.”

Finally, I wanted to ask Joe Sriver
of DoApp about the *other* announcement that came out at Apple’s media
event yesterday — that being their “iAd” platform — in light of DoApp
having its own such IAd-SteveJobs platform, called “Adagogo.”  Joe, what’s your
reaction to Apple’s “iAd” announcement?

“iAd sounds like a good product.  I haven’t delved too deeply into
it.  It’s another network that we will look at adding to our Mobile
Local News platform.   I guess I don’t see it as a big competitor to
Adagogo, since Adagogo is built into our products by default.   It will
become more of a competitor if we release an Adagogo API for developers
to add Adagogo ads into their apps.  Obviously, it’s a potentially big
threat for Google and Admob — or both together if that deal ever goes
through.  Google has the resources to compete, so I’m not going too
worried about them!”  Nice touch, Joe — spoken as a loyal former
employee of Google…

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