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: The Web & Web 2.0 (Page 29 of 41)

MindTouch Is Kicking Wiki Butt

In the wiki software space, there are many players, as you might expect — a lot of them open-source solutions, some with companies behind them, some not. But I learned recently that one company is experiencing a real growth tear in the adoption of its software. Mindtouch is a company I first met in 2006 in the Twin Cities, where they were then co-headquartered (they’ve since consolidated in San Diego, one of my other favorite places). Mindtouchlogo_2
Mindtouch launched at DEMOfall 2006, and I wrote about them in a few posts of my extensive coverage of that event here (or just type their name into my search box).

The company’s products include (1) Deki Wiki, which is a free open-source wiki and application
platform for communities and enterprises, and (2) Nexus, a wiki publishing system and social media integration platform aimed at online media applications. The latter allows blending of editorial staff-produced, syndicated, and community-generated content into one integrated page; an example of one customer using it is the San Diego Union-Tribune, for its AmplifySD community music site.  The company describes its products and services as "making collaboration easy in the enterprise and
harnessing the people’s voice in online wiki communities."

When I read an article recently in Information Week that compared various options for content management systems, including wikis, I thought it was strange Mindtouch wasn’t included. So, I asked cofounder Aaron Fulkerson, who was equally perplexed. "We’re seeing 500 too 600 installations of our software every single day, and yet many in the media don’t seem to know us," he said. Aaronfulkerson
"We’ve seen 2304%
growth in adoption in the last year. And a 1666% growth in just the
last three months." Similar open-source companies,
like SugarCRM and Zimbra, he told me, have had $20-30M in investment and drive
similar adoption rates to what MindTouch has achieved with just a $3.5M
investment to date. I say that’s a pretty powerful entrepreneurial story. "We’ve achieved the success we have so far by being open, honest, and
authentic. We listen to our tribe," said Fulkerson.

I decided, on Fulkerson’s suggestion, to compare MindTouch’s stats to Zimbra’s, using stats from SourceForge. MindTouch in the last two months has had 28,656 downloads and is trending up.
Zimbra in the last two months has had 30,431 downloads (after subtracting the 2,038 of these downloads that are Flash demos), and has been pretty
flat for the last year. "Zimbra is an open source industry darling," says Fulkerson.
"These guys have had mad press and many millions of dollars in
investment." [Note: More than $20M in VC.] "They’re
right up there with SugarCRM, Alfresco, and other newcomers in the open
source space that have had significant recognition of their success." he said.  Oh, another thing about Zimbra: the company was just acquired by Yahoo! for $350M.

So, MindTouch is close to matching Zimbra’s download numbers. And Fulkerson claims his firm is also matching the numbers of that other darling, SugarCRM. "I spoke to John Roberts,
CEO of SugarCRM, in person at the OSBC conf at the end of May
this year, and he said that SugarCRM was seeing about 500 downloads a day. Well, this is
equivalent to us. We’re now matching these companies with our
piddly $3.5M of angel investment and little marketing or PR
budget. These other companies have had way more investment."

I do find it strange that the media hasn’t discovered MindTouch to any great degree yet. But I guess that’s why we have bloggers like me?  🙂 Another example of a company in this space that has had tons of media coverage is Socialtext, which has had $9M
in investment. But look at their stats: a mere 1,351 downloads in the last two months and flatlined.

In a research report soon to be published, another wiki vendor, Twiki, is touted as now getting monthly downloads in the range of 10,000. MindTouch, however, with approximately 15,000 monthly, clearly trumps that figure. Fulkerson claims Mindtouch is winning
the race when it comes to downloads in the wiki software space, and leading the pack in overall numbers — except maybe for MediaWiki, he notes, which powers Wikipedia (and has no company behind it). [He makes a case, by the way, that Wikipedia is much harder for users than his software.]

Why are MindTouch’s numbers significant? First, says Fulkerson,it’s only had product since July 25, 2006. Other products (or projects, as some are better called) have been around longer, and many of these are now seeing flat growth. "We’ve had enormous growth, and we’re still
seeing it," said Fulkerson. I have to agree that essentially equaling Zimbra’s and SugarCRM’s
numbers is pretty darn impressive.

Fulkerson said Mindtouch will be issuing a press release next week about its momentum
and growth. Additional announcements regarding products and services will come before the end of the year, he said, and more media customers are going online with the company’s Nexus product, including Gazette Company. I learned that 90% of Mindtouch’s installs are for behind-the-firewall applications.
"We’ve seen such an explosion in growth in the
last three months, we still aren’t certain who everyone is that is using
our software. This will become more clear in the next couple months," he said.

UPDATE 3:00 pm:  To make a couple of editorial revisions.

‘Conversational Marketing’ – Much Ado About Nothing?

Well, take that Federated Media and your fancy-schmancy new buzz words. Or so Elinor Mills seems to be saying in this piece on CNet today: Want to ‘converse’ with advertisers? Me neither. Federatedmediaconf It’s her review of FM’s glitterati CM Summit yesterday — at SF’s Presidio of all places. All the kool kids were there.

But Elinor rips into the whole concept anyway, bursting the bubble pretty well. Brands are conversations? Hooey, she says:

Hold on. Who asked marketers to join readers online? I know blog publishers need to make money, and they do earn revenue off regular old text, video and banner ads. But I’m suspicious when the “conversation” is initiated by the marketer and not the consumer. And what’s this with the slogan of the conference–“Brands are conversations”? No, they aren’t.

And she wraps up her review, after giving us a few quotes from attendees and speakers, with this gem:

Just as advertisers have been able to get their ads printed on stickers on supermarket fruit, tattooed onto people’s skin and even written in the sky, they will surely blanket the online world in ways we can not even imagine. But let’s not confuse plain old advertising and gimmick marketing with a new form of commercial digital communication that ostensibly gives consumers more control.

I think Elinor ate her Wheaties yesterday. [And, no, General Mills did not pay me to say that…… 🙂 ]

Music Biz Proves Again It Deserves Sleazy Reputation

One of my all-time favorite quotes is this one: “The music business is a cruel and shallow money trench, a long plastic hallway where thieves and pimps run free, and good men die like dogs. There’s also a negative side.” It’s credited to the late Hunter S. Thompson.

Wsjmusicbus

Well, the industry is living up to its reputation quite well, thank you very much, if the news on The Journal’s front page today is any indication.

YouTube kool kids, you’ve been had. Tricked, scammed, bamboozled.

Note to music industry (and this label’s part of the Disney brand, for crying out loud!): the new world of marketing and promotion on the web is about transparency and honesty and disclosure. Not cheap Hollywood tricks and lies.

And the nice little rich girl from Brentwood, Marié Digby, ought to be ashamed of herself, too. This kind of front page exposure in the WSJ is definitely not what she and her parents had in mind.

You have to hand it to the Journal, though. My hat goes off to reporters Ethan Smith and Peter Lattman for bringing this one to our attention.

Yahoo Eats Blue Lithium

The advertising M&A game just keeps going and going…. MarketWatch reported earlier this evening that Yahoo will buy ad network BlueLithium for $300 million in cash. Yahooeatsbluelithium Blue Lithium, as I reported in my blog post How the Top Ad Networks Rank on August 18, is currently the fifth largest ad network. A few minutes ago, this Red Herring article went up, noting that Blue Lithium was founded in January 2004 and was backed by Walden Venture Capital and 3i. The article went on to state:

BlueLithium is also known for its behavioral targeting, which has become the must-have for online marketers. Behavioral targeting allows marketers to target users based on the sites they’ve visited, as well as demographic and geographic characteristics. Yahoo recently launched SmartAds, a nascent effort in this area.

YHOO was up 5.46% today, closing at 23.97. In after hours trading, it was up another 0.63% to 24.12 as of about 8:00 pm Eastern.

Business Week Sucking Wind; Forbes Rocks On

When a news release hit my inbox early this morning saying the publisher of BusinessWeek, Geoffrey A. Dodge, was joining Salesforce.com as SVP of media sales, I was surprised. But then I quickly realized that, if I lived in NY, I would have probably heard about this last Thursday, because I see the news broke in the NY Post and Silicon Alley Insider then. And it turns out it was probably not such a big surprise at that time to those in magazine circles, since he’d been passed over for the job as president of BusinessWeek some months ago.

Busweekvsforbes

I think the bigger story here, however, is the pain being felt by BusinessWeek these days, as it lags category leader Forbes by a long shot in ad sales, and has been much slower in integrating its print and online properties. Forbes wrote the book there, and is doing the best of the major biz pubs, by a good margin. Reason: they “got” the Internet early on.

For the lowdown on the status of business publications these days, read this nice analysis from Media Life that came out with the Dodge news. I show one chart from that story here (Copyright 2007, MediaLife Magazine.)

Bizpubssales

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