Internet

Fits.me wins startup prize at Plugg PDF Print E-mail

Fits.me, a virtual fitting room for internet clothing retailers based on robots (yes really) has won the European startup competition in Brussels, Plugg.

It’s actually even cooler than it sounds. By creating robotic shape-shifting manakins and testing how people reacted by seeing clothes on the robot with their dimensions, sales actually went up.

Only 7% of all clothing is sold online today, a $36bn market It’s $20bn for computers), because you can’t see how the clothes look on a human body. The fits.me trial with partners showed these pictures of adjustable manakins wearing clothes increased sales three times and dramatically reduced returns by 28%.

Fits.me means customers can try on clothing before buying from internet shops. They can see how different sizes fit their standard size – like in real-world fitting rooms.

The main reason why people do not buy clothing on the internet is the inability to try it on – the virtual fitting room solves this and increases sales. It also reduces returns associated with bad fit, increasing the profits. The cost of returns for a retailer is enormous because of the delay in receiving the returns – most returns are received back after the season has ended. The virtual fitting room solves this single most important problem for the retailers.

Fits.me wants to raise bridge financing of 700k Euro. Check out Fits.me on CrunchBase and DotOpen.

The audience award went to RazWar (Dotopen profile). The razor blade market producers higher and higher prices. RazWar is a slightly crazy but fun ecommerce startup selling shaving equipment to men which is quality but affordable.

You can check out all the videos and presentations from Plugg here.

RUNNERS UP:


“Inbox2 is a premium, connected lifestyle application that brings communication and the people you communicate with into a single, synchronized application on the desktop, web or mobile.”
NOTES: Email is a mess. Social Networks are a mess. inbox2 integrates social networks and email in one with powerful search. It’s launched a desktop app recently and had 25,000 downloads. An iphone app is coming out out. Very nice interface to email and links with social networks. It’s a desktop app but also a web interface. Not Facebook yet but can add easily. Sharing, search, prioritization.

Distimo (website - CrunchBase profile)


“Distimo offers tools and reports to make distribution of mobile apps easy and transparent.”
NOTES:This is a platform for app store analytics. There are now over 35 app stores and no end in site. Mobile developers don’t know which to choose or which one their consumers like. They connect to all app stores and analyse the data. Provide free analytics for app stores with a premium version for proferssionals. No surveys or panels, but market data. No code insert. Free app store analytics for developers. Currently have Blackberry, Ovi, Windows, Plam data Apple Android. Later adding carrier and indie app stores.

In alphabetical order, these are the rest of the companies that presented.


Anewsme.com: “Tired of one page readers at your news site? aNEWSme personalized recommendations engine is here for you!”

Apprupt (website - CrunchBase profile)


“An affiliate network for mobile apps that offers developers the chance to increase downloads, while publishers are enabled to monetize their traffic with relevant content.”
NOTES: This is an affiliate network for mobile apps. App stores have problems as uers can’t find apps and it’s hard for developers to promote their apps. So Apprupt stores feature selections of apps in niches, like financial content. Talking to lots of publishers across Europe.

Collibra (website - CrunchBase profile)


“Collibra brings together social software and semantic technology to close the gap between business and IT, reducing application integration complexity, mis-implementation risks and mis-communication.”

NOTES. Enterprise software company. Large companies use it to define the meaning of their key business concepts. The lack of shared business concepts leads to confusion in large businesses. Social and semantic tech allows companies to agree on the meaning of these defintiions creating a closed loop governance. Works for fast growing sectors like server management companies. Raised 850k Euro so far, Oracle and Deloitte are first customers.

Datpresenter (website - CrunchBase profile)

“Datpresenter provides learning and training software for professionals. Our platform is a hosted (SaaS) or installable next generation WebTV and Intranet TV presentation platform for delivery of rich media programmes & webinars.”
NOTES: Powerpoint presentations do not let you see the presenter. So this lets yo have a live presenter. For learning and training. Syncs with any video format.

English Attack (website - CrunchBase profile)


“English Attack! is the world’s first 100% entertainment-focused, 100% free online method for learning English.”
NOTES: 2 billion people what to learn English right now. Most are 15-35 years old. They are the new generation but don’t pay for content and like to do everything in short bursts. They are taught in an old fashioned way. EA is based on entertainment. Very adolescent friendly.

Gigswiz (website - CrunchBase profile)

“GigsWiz, a startup based in Helsinki, Finland is building set of statistics and analytics tools for the music industry.”
NOTES: Analytics tool for the live music industry. Sales of recorded music is going down but revenue from concerts is going up. Market is growing 10% annually. But bands have to make music and travel so they are limited on time. Often venues too big or small. So the idea is to use GigsWiz and choose a place that fits and optimise the time of musicians.

Hipui (website - CrunchBase profile)


“Hipui redefines mobile user experience and app development. We enable sensor interaction and advanced graphics outside native apps. Cross-platform code runs in cloud, which delivers the UI to devices.”

NOTES: Mobile are simple but apps are moving to the vloud. Hipui wants to build cloud computing for phones and let them access the native sensors on the phone, with rich interaction. Then you can build bigger apps. Cross platform. Works as a thin client. Experienced team. 3 patents pending. Product in Alpha.


“Lumo Flow is a seamless collaboration environment for businesses. Share documents, have discussions and get projects done. Secure and reliable.”
NOTES: Team collaboration made simple.


“Sclipo offers affordable & easy web learning apps integrated with social tools for millions of teachers & small organizations, who can not afford expensive and complex eLearning solutions.”
NOTES: Creating elearning web academies with video and live people. You “Rent” a Web academy and teahc people. Aim to make $100m from 1,000 academies.

Shotools (website - CrunchBase profile)

< "We help professionals to embrace social media as part of their organization."
NOTES: Another platform for social media analysis.

Smarkets (website - CrunchBase profile)

“Smarkets is a simple, smart way to bet on your favourite events.”

NOTES: Simple social gambling web site. Political site going live soon. See here for an extensive review.

- Stupeflix (website - CrunchBase profile)

“Stupeflix brings groundbreaking innovation to the online video world by providing the fastest, most scalable, flexible and affordable way to create high quality video content on a massive scale.”

- Submate (website - CrunchBase profile)
NOTES: Engage your users with a movie. Embed video created from content on your site. You have titles, ratings, revies, descriptions. Just add some small javascript code and you can create a video from the content. Great conversion rates on existing content and increases engagement. Fascinating.


“SubMate is social commuting: save your regular commutes and discover all the people you see everyday.”

- TweetMeme (website - CrunchBase profile)
NOTES: Foursquare gowalla are all very well but this is simpler. You just save the regular commuting trips you do and you are done. Its Foursquare for the rest of us. Launching today.


“TweetMeme provides the top retweeted stories as shared by users on Twitter & aggregated by category or channel. We also have the most used retweet button on the web! To find out more visit our site.”
NOTES: Customomised channels. Creating an advertising panel. Ad tweets are tweets inside videos or images. Sponsored definitions – define a product or brand. Featured tweets ads.


Read more: http://eu.techcrunch.com/2010/03/11/fits-me-wins-startup-prize-at-plugg/

 
FlyScreen for Android adds Foursquare integration PDF Print E-mail

[Israel] FlyScreen, the mobile phone lock-screen replacement from Israeli startup Cellogic, has added Foursquare integration to its Android app ahead of this year’s South by Southwest (SXSW) festival.

The new Foursquare widget lets users of the location-based social network access its main features, including the ability to quickly find places nearby, “check-in”, share their location with friends via Foursquare, Twitter and/or Facebook, as well as access their foursquare friends-list.

The company says it’s the first time that a location-based mobile service has been made available on Android’s lock-screen, and that the app now offers the fastest way to “check-in” to Foursquare on a mobile since you can do it without even unlocking the phone. No need to drill down into apps or Android’s web browser.

Cellogic plans to add further features in a future update, such as being able to access user profiles, leaderboards, and add new venues.

FlyScreen, which offers widgets for a number of social networks and RSS-powered content, has been doing great in the Android Market, the company tells me, and is already in the top 3% downloads and powering close to 300K widgets per-day.

Moving forward, Cellogic sees FlyScreen as a mobile syndication platform in its own right. “FlyScreen widgets get an unprecedented amount of daily exposure, making it a highly effective means of syndicating content over the mobile medium.” Due to this exposure, the company is exploring various monetization options and says it will be announcing “some great partnerships and integrations in the coming months.”

Information provided by CrunchBase
Information provided by CrunchBase


Read more: http://eu.techcrunch.com/2010/03/11/flyscreen-for-android-adds-foursquare-integration/

 
Spotify signs exclusive deal with Finnish telco TeliaSonera for its Premium offering PDF Print E-mail

[Finland] This is exactly the type of deal that Spotify needs to achieve the kind of distribution that might lead to economies of scale and therefore reduce the cost to end-users with regards to its Premium offering. And of course, generate much needed revenue. The music streaming startup has signed up telco TeliaSonera as its exclusive partner in Finland to market and sell Spotify Premium. The two companies already have a similar arrangement in Sweden which started at the end of last year.

The new two year agreement will see Spotify and TeliaSonera work together to provide the telco’s Finnish customers with a range of Spotify Premium offers on computers, mobile phones and TVs.

The latter is particularly noteworthy as it coincides with today’s launch of TeliaSonera’s new IPTV service in Finland dubbed ‘Sonera Home TV’, which will give Sonera customers access to a wide range of free and pay TV channels as well as Spotify on the TV – although integration with the music streaming service won’t come until the summer when it will potentially be available in approximately 1.6m living rooms across Finland, says the company.

In the UK, Spotify already has a deal with mobile carrier 3 where the service is bundled with a 2 year contract on select phones getting a lot closer to the ‘feels like free‘ price-point many believe is needed to make the company’s Premium offering go mainstream. What’s as yet unclear is how close to that goal Spotify will get in Finland with today’s announcement.


Read more: http://eu.techcrunch.com/2010/03/09/spotify-signs-exclusive-deal-with-finnish-telco-teliasonera-for-its-premium-offering/

 
Team Europe Ventures starts €6m fund for early stage Internet and mobile startups PDF Print E-mail

[Germany] Team Europe Ventures, the Berlin-based VC firm, has launched a new €6 million fund for early stage startups in the Internet and mobile Internet space. The fund is mainly targeting companies in Germany and Europe, but also in the USA, and the focus will be on the seed stage, with 4-5 startups being invested in per-year for a maximum of €500K per company.

This is bound to be good news for startups in Europe, and particularly in Germany where seed funding is seen to be a problem for early stage companies in the Internet space. Pawel Chudzinski, one of the partners of Team Europe Ventures comments:

“We see a gap in the area of seed investment. For example in Germany there are only very few angel investors who invest six-figure amounts; on the other hand, business angel consortia have various drawbacks, e.g. the problem that none of the investors ever feels wholly responsible, which has negative impacts during due diligance as well as when companies need support in tough times.”

Another thing that Team Europe Ventures are keen to stress is that early stage means, when appropriate, early. Kolja Hebenstreit, also a partner, says:

“We are able to invest in very early stages. If a team is complete, or nearly complete, we’re happy to come on board during the so called ‘powerpoint’ stage. Experience shows that decisive decisions are often made during the foundation phase, so we think it’s good to speak with experienced potential partners as early as possible.”

Team Europe Ventures is managed from Berlin by the its four partners Lukasz Gadowski (founder of Spreadshirt, co-founder of StudiVZ), Kolja Hebenstreit (early employee at Spreadshirt, seed investor in StudiVZ), Pawel Chudzinski (formerly Grennhill & Co.) and Steffen Hoellinger.

The firm is currently a shareholder in 15 self founded companies or lead investments as well as 40 co-investments.

Aside from the Team Europe Ventures management themselves, the fund’s investors consist of other Internet entrepreneurs as well as active business angels, including Arend Iven and Ron Hillmann; Dario Suter (film producer, formerly StudiVZ); Matthias Spieß (Spreadshirt), Heiko Hubertz (Bigpoint), Mueller Medien; Günter Faltin (Professor for entrepreneurship and business angel); Jan Becker, Robert Wuttke and Andreas Etten (CGI AG); Kai Bolik, Michael Kalkowski and Boris Wasmuth (Gameduell); Mario Kohle and Robin Behlau (Käuferportal); Masoud Kamali (Software & Support Verlag); Christoph Janz and Christopher Münchhoff.


Read more: http://eu.techcrunch.com/2010/03/09/team-europe-ventures-starts-e6m-fund-for-early-stage-internet-and-mobile-startups/

 
Attack of the Groupon clones – Here comes Snippa PDF Print E-mail

[UK] Now this is getting a little silly. Snippa, another UK-based Groupon clone launches today, this time from two experienced entrepreneurs: Tim O’Shea, founder of Blurtit, and David Hobart, founder of PureContent. The company is self funded by O’Shea and Hobart from their existing businesses, operating with a six person team headquartered in North Walsham, Norfolk.

Snippa, which is focusing on London initially, pretty much follows the usual group buying model: Each day various deals are on offer for things to do in the city, with a minimum number of buyers required for the deal to go through. If not enough people sign-up within the allotted time period then the offer is withdrawn and no money changes hands. The idea is that those interested will spread the word via email and social networks so as to increase their own chances of getting a bargain.

Although it’s here where I’m beginning to question the Groupon model as a whole, whereby the perception may be far more important than reality with the tipping point required, arguably, nothing more than a marketing gimmick designed to make the offers go viral – see below.

Snippa says its main differentiator from the plethora of competitors, including the extremely well funded US-based Groupon, along with others such as Berlin-based MyCityDeal or the just launched UK-based Groupola, is that it runs deals for more than one day, and has more than one deal live at any time. It also claims to have invested more heavily in securing the best deals for its users.

On launch day, the deals on offer include an £80 Super Car experience worth £160 plus a free 4X4 Fun Experience at Vision Motorsport, with a tipping point of 96 buyers. Or a Champagne Afternoon Tea for two for £35 (RRP £60) at Eric Lanlard’s Famous Cake Boy patisserie, with a tipping point of 30 buyers.

So what about the accusation that the Groupon-model is nothing but a marketing gimmick. I’m basing this possibility on the fact that many of the offers being advertised on group buying sites require as little as 25 people to sign up to make the offer stand. That’s not a huge number to back up claims of economies of scale to provide room for a 50% discount. So what exactly is going on?

Naturally, Snippa’s COO Hobart refutes these claims, although he says he can “understand people drawing this conclusion with the current influx of startups into the group buying space, most of whom seem to be operating deals with low tipping points, but in turn the offerings are not deals we would choose to publish.”

In other words, competitors might be using group buying purely as a marketing gimmick but not Snippa – although he would say that: “Tim and I truly believe the tipping point is inextricably linked with the best deal that we can offer to our customers. In our experience the minimum buy-in is in place to protect the merchant more than anything.”

Perhaps more noteworthy to the growing number of UK-based and other European Groupon clones is Hobart’s different experience in dealing with American merchants compared to British ones.

“From my experience with Purecontent.com, American companies are more comfortable to experiment with new marketing channels and are happy to operate break even or loss leaders for ‘customer acquisition’. This in turn offers companies like Groupon the ability to get great deals whilst achieving high commission rates. We have found the UK market place is not as open in this respect. In this difficult business climate merchants are reluctant to offer large discounts without the promise of a significant uplift in footfall and a guaranteed minimum return.”

Hobart isn’t saying that the viral aspect is unimportant to the group buying model’s success but argues that from a web user’s point of view, they are just as likely to send an offer on to their friends if they think it’s a great deal regardless of whether the tipping point is set low or high. Additionally, he says, in the UK Twitter seems to be much less significant at this stage.

“… a Twitter search for a Groupon deal vs any of the UK clones reveals a large difference in tweet volume, the UK deals are not getting as many Retweets. I think time will tell if the reason for this is the UK isn’t so addicted to Twitter yet or that the current UK deals just aren’t that attractive.”


Read more: http://eu.techcrunch.com/2010/03/09/attack-of-the-groupon-clones-here-comes-snippa/

 
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