11th Oct 2011

Kickstarter Surpasses $100 Million in Pledges


Popular crowd funding platform Kickstarter has announced that more than 1 million people have backed at least one project, resulting in more than $100 million dollars in pledges.

Kickstarter allows users to post their projects and find funding for them from the Kickstarter community. Everything from the iPod nano watch to indie films have gotten their start on the crowd funding website.

It took Kickstarter just under two-and-a-half years to reach the 1 million backers milestone, according to a plethora of stats the company published on its blog. Growth has accelerated in recent months — in the last five months alone, Kickstarter has gained 400,000 backers. The company defines a backer as somebody who has put down his or her credit card and pledged money to a project.

Out of those 1 million backers, approximately 16% (166,823 people) have backed more than one project. 66,676 have backed three or more projects, and 23,601 have backed five projects or more.

The result is 1.4 million total pledges on Kickstarter, with 90% of those pledges amounting to $100 or less (615 pledges have been for $5,000 or more). In total, Kickstarter users have pledged a total of $100.7 million. Of that, $84 million of that has gone to successful projects. $2 million is pledged every week on Kickstarter.

What do you think of Kickstarter’s growth? Have you ever backed a Kickstarter project? Let us know in the comments.

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29th Aug 2011

Socialcam Spins Out of Justin.tv to Simplify Video-Sharing on Mobile


“It’s fairly common knowledge that a startup can’t execute on two products simultaneously,” reasons Michael Seibel. Seibel, who will be transitioning out of his role as CEO of Justin.tv, is now the CEO of the newly independent startup Socialcam.

Socialcam was created inside Justin.tv in just 60 days to address challenges associated with sharing video via mobile. The iPhone and Android application traffics in quick clip-sharing in the same way that Instagram makes mobile photos instantly sharable.

In four months time, Socialcam “destroyed targets” and surpassed one million downloads, Seibel says.

Now, the product is being spun out as its own entity, and will go it alone with Seibel and a team of three engineers all moving over from Justin.tv. The foursome hopes to dethrone Facebook, YouTube and Apple and become top dog in the mobile video-sharing department.

“The big entrenched players don’t do what we do well,” Seibel boasts. “People are carrying around smartphones. They have a video capture device in their pockets twentyfour-seven,” he says. “But, they don’t have an easy way to take videos and share them with their friends.”

Facebook, YouTube and Apple — the three largest players in the mobile video market, as identified by Seibel — make for an encumbered or clunky social video experience on mobile. It’s too challenging to upload and discover videos on Facebook, too difficult to find YouTube videos from Facebook friends and impossible to see the quality content stored in a friend’s Camera application, he explains.

These factors, he says, have enabled Socialcam to grow at an ever-accelerating rate.

As for Justin.tv, Seibel will be replaced as CEO by former Justin.tv CTO Emmet Shear, who will continue to push forward on TwitchTV, Justin.tv’s new online destination for video gamers.

Considering Seibel’s departure and his statement about a startup not being able to execute on multiple products, one has to wonder: Where does this leave Justin.tv? “We still believe in that product,” he says. “We just believe Twitch and Socialcam are operating in markets that are significantly larger and are more underserved.”

Seibel declined to comment on how Socialcam will be financed, saying only that new investors will have the opportunity to invest in the spun off company.

[via TechCrunch]

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10th Aug 2011

Startup Helps You Discover Tasty Dishes With Daily Deals


In the competitive daily deals space, San Francisco-based Munch On Me is adding a twist to the old group-buying model. Its hope: that it can deliver repeat customers to restaurants that daily deals giants like Groupon can’t.

At its core, Munch on Me provides daily deals, much like Groupon or LivingSocial. However, it has two major distinctions. First, the startup only focuses on food. And second, the daily deals are for individual dishes, not entire restaurants.

The result, Munch on Me’s founders argue, is a more dedicated and consistent customer. Co-founder Jason Wong says users of Munch on Me come back more frequently because they are looking for more dishes to try.

“Our users are different users,” Wong told Mashable. “They’re people who want to experience new food.”

On the flip side, restaurants that are tired of the daily deal model may find Munch on Me to be a more enticing option. This is because Munch on Me’s core userbase consists of foodies, rather than bargain hunters. These are the type of people who are more likely to become repeat customers.

The startup, which is backed by the Y Combinator startup accelerator and seed fund, has been testing its platform in San Francisco and Los Angeles. On Tuesday, it expanded its daily deals to San Diego and Seattle, with Palo Alto, New York and Chicago coming soon. The company also redesigned and relaunched its website to look more like a restaurant menu.

Thanks to Groupon, daily deals have become a multi-billion-dollar phenomenon. That phenomenon is fueling Groupon’s upcoming IPO. However, businesses are getting tired of daily deal programs that aren’t giving them new regular customers, leaving Groupon’s future in doubt.

Perhaps Munch on Me’s approach to the space — targeting foodies instead of bargain hunters — can reverse that trend. The company will have to prove it can deliver new customers to restaurants if it hopes to thrive.

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28th Jul 2011

10 Tips for Better Startup Marketing

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Scott Gerber is a serial entrepreneur, internationally syndicated columnist and TV host, and the founder of the Young Entrepreneur Council. He is also an active angel investor and author of the book Never Get a “Real” Job.

Many aspiring entrepreneurs foolishly believe that all they need to do is sign up for a Twitter account, blog about special offers, and hand out a flashy looking brochure, whereupon leads will come pouring in. This couldn’t be further from the truth.

These are unfortunate social media fantasies and free marketing delusions. The mere existence of a market for your product or service does not guarantee anyone will listen to or care about your brand. People are bombarded with thousands of messages every day, which makes it difficult for business owners to garner attention and convert that attention into income.

In order for your business to avoid getting lost among the glut of content already clogging direct marketing channels, your promotions and tactics must be highly creative, contain a quality message and fit the audience you are targeting.

I asked a panel of successful young entrepreneurs about the types of promotions they have used to build their companies’ buzz and sales.


1. Partner with Others in Your Space


wong imageAt Blank Label, since we make custom dress shirts, we’ve done promotions with other custom product makers, everything from chocolate bars to jewelry, mattresses and even women’s shoes. We create promotional campaigns to spread the word about the industry and shed some light on cool companies in the space.

Danny Wong, Blank Label Group, Inc.


2. What (Else) Does Your Customer Need?


auteri imageWith Career Coaching for Word Nerds, I provide one-on-one coaching to freelance writers and other publishing professionals. But I knew that my clients would also love the chance to connect with experts within the industry, so I organized a speed networking event that attracted 75 people. Now I host monthly virtual events and have plans for additional in-person events.

Steph Auteri, Word Nerd Pro


3. Take Advantage of Currently Trending Topics


Mickiewicz imageOne of the best ways to build buzz for your business is to ride the coattails of a currently trending “hot topic.” For example, when GAP unveiled a logo designed by Laird & Partners to much criticism on the web, 99designs took advantage of the opportunity with a crowdsourcing competition [to show] that our community can deliver a much better design.

Matt Mickiewicz, 99designs


4. The Power of Video


Partridge imagePeople tend to forget the power of video. I have learned that when talking pound-for-pound on engagement rates, YouTube stars have it on lockdown. Sevenly.org launched with a video drip campaign of 10 YouTube stars (100,000+ subscribers each) and it ended up generating a staggering 40,000 unique visitors in less than 30 days. When you need power, turn to video.

Dale Partridge, Sevenly.org


5. Start Your Own “Top 10” List


Kuadey imageAt GiftCardRescue.com, we realized we had unique information about which gift cards are most popular among our customers. We therefore started an annual “Top 20 Gift Cards” list. Last year’s list was picked up by numerous news outlets and blogs, including Mashable. Walmart, which was number-one on the list, issued a press release bragging about it, which only legitimized the list even more.

Kwame Kuadey, GiftCardRescue.com


6. Crowdsourcing


Holmes imageThe marketing team at HootSuite is good at creating online buzz. Our crowdsourced international translation project has done an amazing job creating awareness. We try to work with our users as much as possible, and this was a great way for us to reach out to our global fans and engage them online.

Ryan Holmes, HootSuite


7. Contests and Competitions


sommer imageUse social media (especially Twitter) to hold a contest for your business. Ask trivia questions, play hangman or offer a phrase to unscramble. The winner gets a prize or discount off your services. This way, you have hundreds of people talking about your brand publicly, but you only need to reward one winner. Holding a contest weekly and/or monthly is a great way to build consistent buzz and conversation.

Lucas Sommer, Audimated


8. Personalized Outreach


lenz imageFind influencers in your market and reach out to them individually. Make your initial contact with them creative and jaw-dropping. For example, instead of an email, sit down and record a video addressing them directly. It speaks volumes when you show that you took the time to personalize all of your messages.

Logan Lenz, Endagon


9. Take it Offline


sisson imageYou’d be surprised what things you can do offline to create online buzz, such as sending simple but creative thank you cards or gifts to your current clients that get them talking about you online and shouting your praise. Or, send your product to clients or brands you want to get in front of, but add a twist. For example, if you sell kitchen goods, send along a bread maker with a fresh hot loaf in it!

Natalie Sisson, The Suitcase Entrepreneur


10. Be Your Own Advertising


bodi imageThink about how much you drive during the week and how many people see your vehicle while out and about or at a stop light. Put something on your car that others can see, and makes them take a second look. Even if it’s just your web address, people will immediately have it in their mind.

Ashley Bodi, Business Beware


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24th Jul 2011

8 Ways To Recruit Startup Talent Using Social Media

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Scott Gerber is the founder of Sizzle It!, a New York-based sizzle reel production company and the Young Entrepreneur Council. He is a serial entrepreneur, internationally syndicated columnist, angel investor, public speaker and author of the best-selling book Never Get a “Real” Job: How To Dump Your Boss, Build a Business and Not Go Broke.

The hardest part of growing a blossoming startup beyond infancy is recruiting talent. The right team can take your venture to new heights whereas the wrong one can push it off a cliff.

Even though we are in a “employer’s” market, traditional recruitment channels, such as recruitment firms, may prove too expensive for fledging businesses. Startups should consider using social media as a recruitment tool.

When executed properly, social media offers recruiting managers a larger applicant pool, more access to information that will enable them to better pre-screen and filter candidates and, most importantly, a more direct line of communication to the potential hires themselves.

It is important to avoid missteps. Spamming people will get your business nowhere fast. It’s a tricky balancing act but by being respectful, honest and human, your next big hire might just come from Facebook, Twitter or LinkedIn.

I asked a group of successful young entrepreneurs about the best ways to use social media to recruit top notch startup talent. Here’s what they had to say:


1. Achieve Expert Status


wright imageUse social media to help build a strong brand and then let the top talent come to you. The ideal situation is to have others wanting to work with you, whatever the conditions, so by simply being great at what you do and building your brand around that, you shouldn’t have any trouble drawing in top talent (then make them happy they contacted you!).

Colin Wright, Exile Lifestyle


2. Tweet with Hashtags


wong imageWhen promoting any new openings at your startup, tweet out with special hashtags for #hiring, #startupjobs and whatever industry or trade you’re hiring from to get the attention of the right candidates.

Danny Wong, Blank Label Group, Inc.


3. Twitter Is Your Best Friend


saladino imageScout for startup talent using Twitter search with hashtags and terms relevant to your industry. Compile a list of potential candidates and evaluate their Twitter activity by looking at their number of followers as well as the quality of their tweets. Use Follower Wonk‘s “Compare whom they follow” to compare candidates with industry leaders and look at shared connections and “Wonk Score”.

Andrew Saladino, RTA Kitchen Cabinets


4. Pick the Folks You Want


bram imageWhen you’re still early in the startup process, you have to make sure that you’ve got the right team. That means knowing as much as possible before even suggesting that you’re looking … social media makes it easy to find out all sorts of [information].

Thursday Bram, Hyper Modern Consulting


5. Have a Contest


bell imageChoose an important trait you’re looking for and host a contest via social media. Get creative with submissions and guidelines. Share the contest with influencers and hubs and invite them to send talent your way.

Lisa Nicole Bell, Inspired Life Media Group


6. Get a Referral


blaskie imageReferrals are the lifeblood of many a business. It works the same when it comes to recruitment via social media. Ask your Twitter, Facebook and LinkedIn contacts for solid leads for the new position in your company. By having someone come pre-qualified, you end up with (usually) a better candidate and someone whom you can trust.

Erin Blaskie, BSETC


7. Listen, Converse and Engage


holmes imageBesides LinkedIn being amazing for recruiting startup talent, I’d say monitoring job trends on Twitter and keeping your job board updated is also a great pull strategy. If you have a current job board and are sending your opportunities through your social media channels, then your message will be heard and re-posted in all the right areas.

Ryan Holmes, HootSuite


8. YouTube Your Vision


margolis imageYou have to get people to believe in your story. Especially when you’re in startup mode. So record a short video where you describe your vision, progress and motivations. Help prospective talent connect with your deeper story. What’s the next chapter they can help to create? Share that video across social media.

Michael Margolis, Get Storied


Image courtesy of Flickr, oooh.oooh

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20th Jul 2011

Turntable.fm Is Now Licensed by ASCAP, Will It Come Out of Beta Soon?


Still-in-beta interactive music startup Turntable.fm has taken another step toward going mainstream Tuesday. It has just become licensed by ASCAP (American Society of Composers, Authors and Publishers), a performing rights organization which licenses and collects royalties for performances.

Turntable.fm has been taking the web by storm of late, amassing around 300,000 users and more than its share of buzz. However, many have wondered if the site is wholly legal. Basically, it’s a series of musical chatrooms in which five DJs can spin tracks on demand via Medianet or by uploading their own music. The site even shut down international usage recently in an effort to stay Digital Millennium Copyright Act (DMCA)-compliant (the DMCA is U.S.-only).

Still, myriad musicians (and music industry types) have flocked to the site, and we have yet to see any significant backlash against it. However, Turntable.fm is still in beta and is invite-only (if you have a Facebook friend on there, though, you can get access), so it’s still a bit under the radar in the mainstream sphere.

The fact that the site is still in its infancy makes the ASCAP license an interesting milestone (Spotify secured its license when it launched in the U.S. last week). “It’s great to see a tech start-up securing an ASCAP license from the outset, ensuring that songwriters, composers and publishers will be paid fairly if the site succeeds,” said Jon Bahr, director of marketing for ASCAP, in a statement.

Perhaps we could be seeing Turntable.fm coming out of beta soon.

We’ve contacted the team for comment.

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19th Jul 2011

New Scribd App Makes Reading on a Smartphone Bearable


Online document hosting service Scribd launched an iPhone app Tuesday that aims to make reading on small smartphone screens bearable.

“For the most part, browsers were built for computers and sort of retrofitted for cellphones,” says Scribd Director of Product Matt Riley, “and they really haven’t provided a great reading experience so far.”

To — for lack of better words — “smartphonize” reading, Riley and his team built Float, an app that strips the external links, ads and any clutter from an article to make it easier to read on a small screen. When reading an article on Float, users have a choice between scrolling up and down or swiping right to left in order to see the next page of content. If they pinch the screen to zoom in, the text rewraps.

The app’s easy reading format is useful and improves the reading experience. But it makes less than a bold headline. What is really nifty about Scribd’s new app are the four ways that content gets loaded onto it.

The app links to your Scribd account and downloads any documents in it for offline mobile reading. But it also links to your Facebook and Twitter accounts and searches for links that friends have posted on those platforms and loads such articles into a “social feed” for offline reading. Readers can also browse for articles from more than 150 publications directly from the app. (Disclosure: Mashable is one of them.) Scribd had the foresight to partner with these publications instead of merely scraping their content in order to avoid a Zite-style legal fiasco.

Scribd also joined Apple in borrowing a trick from online reading tool Instapaper. With a browser bookmarklet, you can easily send articles you find online to your account for reading later.

For now Float is completely free, but Riley says eventually Scribd might charge for premium content or show ads on certain pages. Paid or not, it’s not a particular surprise that Scribd is aggressively pursuing a mobile audience. The company launched a send-to-device feature last year and CEO Trip Adler mentioned mobile strategy when he announced a $13 million round of funding in January.

“As the world rapidly changes the way it reads,” he said in a statement at the time, “we are rapidly preparing to change the way we deliver what they read.”

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17th Jun 2011

5 Tips for Transitioning From College to Startup Life


Elliott Spelman is an intern at WePay which allows you to collect payments online without the hassle. You can contact him at elliott.spelman@wepay.com.

Four years and three internships later, I’m a graduate of USC. Like a lot of people my age, I’ve become pretty comfortable with the fact that I don’t really know what I want to do in life. Every graduation speaker I’ve ever listened to, from Steve Ballmer to Mr. Gowen, my elementary school gym teacher, has urged the same advice: Do what you’re passionate about.

For people in my position, though, there seems to be a choice between doing a job you love and doing a job that’s available to you. We’re left with the question: If doing something rewarding is the ultimate goal, what if it takes some time to figure it out?

Just because I’m not on a prescribed career path doesn’t mean I’m not interested in anything. On the contrary, actually. My college resume is a veritable potpourri of potential professions. All three of my college internships were tied to personal interests (non-profits, travel, music). I majored in economics and creative writing. I pledged a fraternity and worked for the geography department one summer. And now I’m feeding my interests again, picking a summer internship at a tech startup in Silicon Valley over other full-time job offers.

People ask me all the time, with genuine concern in their faces: “Aren’t you worried about what happens at the end of the summer?” The honest answer is no. If I have to sacrifice my interests for the sake of long-term financial security at the age of 21, then in the words of professor Hubert J. Farnsworth: “I don’t want to live on this planet anymore.” Plus, if for some reason the job isn’t right, or if something else pops up, it’s only a three-month commitment.

Along the winding path toward a more permanent career, I’ve picked up a few pieces of wisdom for my fellow interns out there.


1. Understand How People See Your Generation


There’s a Youtube clip out there of a few anchors on Fox News talking about how Mr. Rogers’ Neighborhood has ruined a generation of young people who now feel special. Entitlement, I’m afraid, is the knock on our generation.

How do you objectively measure something like that? I’ve been fired for it (“Your generation needs to learn that you do not give ultimatums to a superior”), and I’ve heard it muttered (“F*****g kids these days”), but basically, your job is to prove these people wrong. It doesn’t take much. Show that you are genuinely interested and engaged by the people around you. Learn how to be competent. Make your coworkers trust you, and make them look good.


2. Take Advantage of Your Generation’s Gifts


We are the first wave of people raised on the Internet. We stay connected. We rely on other people. We understand our constant access to infinite information and we adjust ourselves accordingly. Compared to those for whom the Internet is a struggle, we have the opportunity to be exponentially more productive in a fraction of the time.

My advice is to use the applications that best organize your mind — the ones that help you develop methods and routines that feel comfortable. When it comes to documents, I’m a Google Apps kind of guy. Some people prefer Dropbox or MobileMe.

Everyone our age should be able to find the answer to any basic question within a minute. Google and Wikipedia should be second nature. After all, part of the reason we’re seen as entitled is because we have access to a whole array of shortcuts that have never existed before. Use them to your advantage.


3. There’s a Reason for Professionalism


I’ve worked at an internship where everybody in the office ironed their pants every morning, and I’ve worked with people in flip-flops. Neither one is intrinsically better than the other. You have to understand that each place you work has its own corporate culture and in order to do well you have to adjust yourself to fit it.

If people are going to spend nine hours each day cramped together, they have to find ways to stay sane. Some bosses hand out beers at five, and some require their employees to wear a certain color tie. If you want peoples’ respect, you have to give in to it.

That’s basically what professionalism is: A code of behavior that greases the wheels and keeps everyone out of each other’s way. You shouldn’t feel like the code is a burden. If it starts to feel like you’re wearing a mask to work every day, don’t be afraid to question if the job is a good fit for you.


4. Enjoy the People You Work With


This is the single most underrated aspect of career decisions. Granted, it’s very difficult to know what the person hiring you will turn out to be like, but that’s where internships come in. Internships give you a taste of what kind of people get drawn to what kind of careers.

The fact is, even with the mask of professionalism, your coworkers rub off on you. You can’t avoid them. If you hate who you work with, it can be tough to convince yourself that what you are doing is worthwhile, even if you would normally enjoy it.


5. Use Your Education Wisely


Unless you studied accounting or architecture as an undergrad (and even if you did), there is a very small chance that your college education will come in particularly handy for your first job. There are, however, unexpected elements of your education that will be tremendously useful.

At my PR gig, I gave my boss an essay by Georg Simmel that I thought he might find interesting. Working at the tutoring center, I helped format databases of small donors with Excel formulas I’d learned in ECON317. And now, working for a tech company, I find myself blogging, pulling from all kinds of things I learned in creative writing workshops.


I guess my general piece of advice here would be to never assume it’s okay to stop learning. There is no direct correlation between your formal education and what you do after, so remember to always stay curious and flexible.


Image courtesy of Flickr, Tricia Wang 王圣捷, Simon King, and iStockphoto, H-Gall

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26th May 2011

Instagram Update Shows Its 4.25 Million Users the Love


Instagram, the seven-month-old mobile photo-sharing app for iPhone, surpassed more than 4.25 million users this week. A new version of the application now shows its fast-growing user base the love, literally.

Instagram has slightly reworked comments and “likes” in version 1.8, which was released on Thursday. Now users can double tap photos to “like” them, and should they do so, a white heart icon will briefly appear over the photo in question.

The application now includes an interactive comment screen that co-founder Kevin Systrom believes will make in-app comments on photos more akin to the iPhone’s native SMS experience. The enhanced comment screen also lets users swipe left or right to delete comments on their photos.

“[The interactive comment screen] makes it easier to see the whole conversation at once,” Systrom says. “You can more easily reply to specific people and remove comments you’ve made or comments on your pictures.”

As Systrom indicates, user replies have been improved in the release. Now, when a user wishes to reply to another user in the comments, he or she can type the “@” symbol and the first few letters of the username, and the application will autocomplete the name.

While Thursday’s app updates are relatively minor, they are characteristically Instagram in nature — simple and elegant — and it’s the startup’s attention to detail that has helped it continue to attract new users.

Image courtesy of Instagram, Ryan Kuder

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23rd May 2011

Dropbox Users Save 1 Million Files Every 5 Minutes


Four-year-old file storage startup Dropbox has experienced explosive growth in the past year, jumping from 5 million users to more than 25 million users.

And together, these users are now saving more than 300 million files each day and 1 million files every five minutes. In total, Dropbox users have saved more than 100 billion files, CEO and co-founder Drew Houston said.

Houston, speaking at the Startup Lessons Learned conference in San Francisco on Monday afternoon, shared the massive figures in a presentation detailing how his startup has managed to scale under such enormous demand.

In the past year, Dropbox has added 35 employees to meet demand, growing from a 20-person team to a 55-person company. Roughly 50% of the startup’s team is comprised of engineers, Houston said.

Part of Dropbox’s ability to scale successfully, said Houston, is the startup’s focus on hiring fewer, better engineers and creating an office environment that its employees want to work in. The startup does not force mandatory office hours, nor does it instruct team members on how or where to work, Houston shared.

Another key, stated the CEO, is to set and reset company goals on a quarterly and annual basis in order to minimize overhead and reduce waste.

But when boiling it down to just the basics, Houston’s advice to founders is to, “Build the right thing, and build things right.” If forced to choose just one, founders should build the right thing, he says.

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