Tuesday, February 5, 2008

NEA IndoUS Ventures set up a $189 million (Rs745 crore) fund

Formed by a trio of past entrepreneurs—Vinod Dham, Vani Kola and Kumar Shiralagi—the firm has invested in nine companies, including semiconductor design company InSilica Inc. and telecom component manufacturer Microqual Techno Pvt. Ltd. Last week, the firm invested $2.5 million in Chennai-based Bay Talkitec (P) Ltd, a mobile value-added services (VAS) provider that started as an IVRS (interactive voice recognition systems) company in 1991.

Managing director Kumar Shiralagi talks to Mint about the company’s latest investment and plans for the year ahead.

Edited excerpts:

Managing director Kumar Shiralagi says the company will continue to invest in tech and tech-enabled services companies
Most VCs, including NEA IndoUS Ventures, have begun investing in niche mobile VAS opportunities such as mobile advertising or mobile payment, and funding first-generation ‘horizontal’ play is believed to be saturated. Why have you invested in Bay Talkitec now?
Bay Talkitec is an old company, but they are working on new services in this space. The company was started 17 years ago as an IVR platform for customers such as Bharat Sanchar Nigam Ltd and the railways. But it has evolved into a mobile VAS company with some innovative solutions. They offer video SMS in Singapore and 3G greetings in some markets overseas, for example. Also, it has an experienced founding team, which we liked.
What sectors will you look at this year?
We will continue to invest in technology and technology-enabled services companies. Given that all three partners come from an operational and entrepreneurial background, we understand those sectors best. We are also looking at some opportunities in retail.

Are you looking at growth opportunities?

We like to invest across three stages—incubation, early stage and growth. We define growth as deals in excess of $5 million. We have done a couple of deals at this stage, such as ISGN Technologies and Microqual. In the life cycle of a company, we would like to typically invest $8-10 million.

How many companies have you incubated?
Three, at incubation stage. We invested in Minekey early on, though the technology was born on the IIT campus. We have incubated KRK Labs in media and another in Internet. Typically, we invest less than $2 million in such deals, but we are the sole investors and we are more involved in the company.

Will you do more such deals this year?
We are looking at a few more deals. We will incubate companies, but selectively.
Via-Mint

FuzzFind.com is a web search mashup that combines user personalization with the power of the leading search engines and social bookmarking sites

What Company Is Offering:
FuzzFind.com is a web search mashup that combines user personalization with the power of the leading search engines and social bookmarking sites. All company and product names may be trademarks of the respective companies with which they are associated.

How It Works:

FuzzFind Web Search is a web application that combines data from several sources into a single integrated tool. Each leading search engine has its proprietary technology and respective strengths in finding relevant information on the Internet, while social bookmarking taps into the wisdom of crowds and conveys a human touch. FuzzFind Web Search brings together the best of both worlds, putting the power in the hands of the user who is able to personalize the results further by adjusting the weights of each search source using slider bars. Results are displayed in a clean format to help users identify relevance at a glance, with easy to see icons and search engine rankings together with the popularity and tags as determined by the social bookmarking community.

More at:http://www.fuzzfind.com/

PowerLegal Support provides electronic discovery and document review services to help corporations and their counsel control the rising costs

What Company Is offering:
PowerLegal Support provides electronic discovery and document review services to help corporations and their counsel control the rising costs of litigation and legal review while maintaining the quality of those services.
PowerLegal Support provides strategic resources for document review, electronic discovery, and related review services to Fortune 1000 companies and their outside counsel.

How It works:
With a large, cross-disciplinary pool of experienced, U.S.-trained and native English-speaking attorneys available for a range of needs, PowerLegal provides the highest quality service in a timely and efficient way, while allowing clients to lower the costs of managing litigation.PowerLegal’s winning model provides the cost benefits of off-site management without compromising quality, reliability, and security. They’re able to meet the individual demands each case presents by leveraging our customized solutions, our highly trained legal team, and our proprietary global broadband network—24/7.

PowerLegal helps corporate general counsel solve the chief problem they face in today’s budget-conscious environment, notes Maurice Bortz, senior vice president at PowerLegal. “PowerLegal provides a ‘virtual war room‘ for its corporate and law firm clients, and assembles a highly qualified, experienced team of attorneys. We focus on quality and efficiency, while providing a significant cost-benefit,” says Bortz.

More at:http://www.power-legal.com/

GoodCircle

What Company is Offering:
Find and join people, friends, groups and organizations who are involved in and support the same things you do. search by name, idea, cause, belief, event, organization, community.

How It Works:
Invite the world to join you, or keep it private. goodcircles can be created by anyone--individuals, groups, friends, families, teams, schools, clubs, orgs, companies, candidates--around any shared idea, mission, belief or cause. You can even create goodcircles in support of multiple causes and orgs, and decide and control exactly how they benefit. and that's just the start.
Connect, organize, rally, create.it's your goodcircle. your voice. Communicate with forums, publish and distribute newsletters, organize and publicize events, post and share pictures and videos, choose news and information customized just for your goodcircle. and more.
The commerce you engage in every day now has the power to benefit what you believe and support, in your own way. shop and generate money directly for your goodcircle and the causes it supports. feature stores that share your beliefs and goals. Set up your own goodcircle store or auction and sell your own stuff. already have a store online? you can link to that. and because you have the collective power of a goodcircle working for you and your causes, members even enjoy exclusive benefits and savings.
You don't have to join a goodcircle to take part. you can explore. learn. participate. shop. contribute. just check it out.

More at:http://goodcircle.org/

Content management solution

What Company Is Offering:
They primarily focus on Joomla along with othere leading Open source CMS tools such as Mambo. Jahia, Magnolia and Alfesco.They can entirely Customize tools according to your business, service and branding needs.

How It Works:

They provide solutions that go along with new Web2.0 and usability standards. Their pages and content aee W3c validated and strongly follow accessibility and usability standards.

They also develop and customize additional tools ( components, modules , mambots, extensions etc ) that can be integrated to your Cms environments for different needs. Community builder, Wordpress, Google ad sense , OS commerce to name a few.

The outsourcing industry is growing in rapid speed and India being the main hub, their solutions are quite economic that will serve all your design and development needs within minimum budget.

Unique Features:
* Table less, Xhtml compliant Templates
* Customized administration interfaces
* Enhancement and Development of new tools
* Search engine Optimization
* Marketing and revenue generation with tools such as Google ad sense.

More at:http://enlitecms.com/

Lifemoney: The Proven System for Creating the Money You Need for the Life You Want

A new book, “Lifemoney: The Proven System for Creating the Money You Need for the Life You Want,” is poised to give the self-help genre an invigorating makeover.

“Lifemoney” challenges readers to first determine what they want from life. Only then does it set about helping them to harness the dollars they’ll need to bring that ideality to fruition. Happiness and wealth seekers who would like to make 2008 the year their personal dreams come true can learn more about “Lifemoney” online at http://www.BradTurk.com.

When it comes to achieving one’s dreams, “Lifemoney” author, Brad Turk, knows of what he speaks. A self-made millionaire before the age of 30, by implementing the attributes outlined in the book’s pages, Turk was able to rise through the ranks of self-formed business success time and time again. Now, within “Lifemoney’s” pages, he shares the strategies and planning he used to attain financial freedom.

Given entrepreneurial statistics, business success the likes of Turk’s is no easy feat. According to a study conducted by the Small Business Administration’s Office of Advocacy, “66 percent of [new] businesses remained open at least two years, 49.6 percent at least four years, and 39.5 percent at least six years. This means that just over 60 percent closed before reaching the six-year mark.” In a 2003 “Oswego County Business” article, Marge Randles, founder of The Practical Planner in Argyle, NY, painted an even dimmer picture: “After 10 years, only four percent of the original million business start-ups are still in business.”

Entrepreneurs, however, aren’t the only individuals who will benefit from reading “Lifemoney.” By illustrating the tools needed to become successful at whatever a person is trying to achieve—be it a million dollars, a new job, a new home, or a raise, “Lifemoney” teaches everyone how to realize their goals and become a happier person.

Turk explains the book this way: “’Lifemoney’ gives the reader a blueprint for success in all facets of life, not just monetary. Whether a housewife with a newborn baby who dreams about the perfect family, a musician who dreams of being a rock/Hip Hop star or an executive looking to ascend to the next level of career success, this book can help readers define their goals and set them on the straight and narrow path to accomplishing them.”

More at:Lifemoney
Brad Turk
(917) 449-9959
bturk@bradturk.com
www.bradturk.com

Begbarterorbuy.com caters to buyers and sellers who want to truly barter for great deals

What Company Is Offering:
Begbarterorbuy.com caters to buyers and sellers who want to truly barter for great deals. This is an affordable no fee site that doesn’t want to attract cut throat dealers. There are already enough auction and list sites to attract those types of merchants. This site is for people who want to be socially conscientious shoppers, people who truly believe in bartering and hate those crowded places that attract all kinds of crazies. The socially conscience Boomer Consumer is the new consumer and bartering is a strategic tool for the New Economy that creates win-win.

How It Works:
When you have found something you like, you may initiate a barter offer (Item offer or Item + Cash Offer) with any of the people who responded to your post. The person receiving the barter offer should review the item/service and decide whether the barter will be completed. When the reviewing party agrees on the barter, arrangements should be made to transfer item/service and the transaction will be finalized by clicking on “Close the Deal” on the My Accounts page.

You can initiate as many barter offers as you want using one of your items/services. Also, you can receive multiple barter offers from other members of Beg, Barter or Buy on one of your items/services. Whenever possible, try to let all parties know of your decision once you accept an offer.

Selling your item/service is a feature at Beg, Barter or Buy. Peruse the BUY section to see what people are looking for. Find someone who wants your item and send the poster an-email with a picture and price. Accept the offer initiated by other members of Beg, Barter or Buy and make arrangements for shipping. Once both parties accept the offer initiated by other members of Beg, Barter or Buy, you are legally obligated to sell the item/service to the buyer at the price you accepted. At this time we do not have a “for sale” section of Beg, Barter or Buy.

More at:http://www.begbarterorbuy.com/

The Brownbook is the UK’s first user-created local business directory where anyone can edit and anyone can review

What Company Is Offering:
The Brownbook is the UK’s first user-created local business directory where anyone can edit and anyone can review. The business is owned and run by the founders and it is independent of any of the existing directory providers.

How It Works:
Anyone without registering can add reviews for any business - positive or negative – and if the business you want to review isn’t there it takes you a matter of seconds to add it, further increasing the power of the service for future users. Frequent visitors can optionally register with The Brownbook if they want to develop a sense of ‘reputation’ behind their reviews and edits. They will also receive their own ‘user page’ which lets them tell other members about themselves in addition to tracking any reviews or edits they’ve made at anytime.

Smart businesses can use The Brownbook to promote their business and its reputation. By encouraging satisfied customers to give positive testimonials any business can build up its local credibility.

Business owners can claim and promote their business listings for a small annual subscription that costs less than a box of pens. The Brownbook system alerts them any time a review or any other updates are made, and they can add photos and videos of their business as well as rich business details like opening times, special promotions, and any other information useful for customers. And all these can be changed or updated by the business owner at any time at no extra cost by simply going online to www.brownbook.net.

More at:www.brownbook.net

Intrinsity is a design technology company that provides the designs, tools, technologies, and expertise Got funded $11 million

What Company Is Offering:
Intrinsity, Inc. is a design technology company that provides the designs, tools, technologies, and expertise so its customers can efficiently and predictably produce high performance, low-power and cost-effective products. Intrinsity’s proprietary Fast14 technology is used to create FastCore embedded cores, which provide not only circuit speeds of up to and beyond 3 GHz, but also the means to trade-off speed, power and area to achieve the optimal solution to customer design targets while maintaining compatibility with popular embedded core families. Fast14 technology includes a combination of process specific libraries, a specification language and a set of tools that help automate the design flow.

How Much They Got From VCs:

Altitude Capital Partners, LP and Goldman Sachs & Co. have invested $11 million in Intrinsity, Inc., an Austin, Texas based design IP technology company focusing on high-speed, low power embedded processor cores. The investment was in the form of senior secured notes with warrants and in Class E Preferred Stock of Intrinsity.

“We are delighted to be partnering with Intrinsity to provide growth capital to execute management’s strategic vision,” said Altitude Capital Partners Managing Partner Robert Kramer.

About VCs:

Altitude Capital Partners is an opportunistic $250 million investment fund which invests in intellectual property (IP) assets and IP centric companies. The Altitude mandate is broad based, covering patents, trademarks, brands, copyrights, and royalty streams. Altitude partners with individual inventors, commercial entities with residual patent assets, patent licensing companies, as investments are structured as debt, preferred stock, common stock and or contractual rights emphasizing alignment with our portfolio company partners. www.altitudecp.com

More at:http://www.intrinsity.com

Clickability,the global leader in on demand Web Content Management, announced the closing of $8 million in its second round of venture funding

What Company Is offering:
Clickability's solutions help turn the management of content into a competitive advantage.

As a single source provider of a full range of services, Clickability can help today's web publisher take content through the entire content management cycle, from creation, to publication, to distribution, to interaction, to measurement, all at dramatically reduced costs.

As a fully integrated solution, all Clickability components work together seamlessly to give the web publisher ultimate control over site publication and measurement; as individual modules, each piece can be integrated into an existing infrastructure, giving our customers powerful choices about how Clickability's solutions fit best.

How Much They Got From VCs Funding:
Clickability, Inc., the global leader in on demand Web Content Management, announced the closing of $8 million in its second round of venture funding. Shasta Ventures led the round, with additional investment from Convergence Partners, which financed Clickability’s initial venture capital round.

Clickability’s total equity financing amounts to $15.6 million. Shasta Ventures managing director, Ravi Mohan, will join Clickability’s board of directors. Prior to co-founding Shasta Ventures, Mohan was a general partner at Battery Ventures where he led eight investments and served on the boards of 12 software and technology-enabled service companies.

Clickability is the first and only Web Content Management (WCM) company to offer a software-as-a-service (SaaS) platform for the entire Web content lifecycle, from content creation to optimization. In addition, the company’s platform enables non-technical users to manage sophisticated Web sites, reduce costs, grow revenue, build brands, and foster stronger customer relationships.

How This Company Is Growing:
Clickability’s sales and revenues doubled in size while its sales pipeline more than quadrupled. Since the launch of its flagship on demand platform for WCM, the company has rapidly grown to more than 100 customers, including Fortune 500 companies that target the media and enterprise markets. Clickability has served over 2.5 billion pages to date and over 300 million pages per month, while managing 400 websites with over 6,000 seat licenses. What’s more, Clickability powers the largest single on demand WCM deployment in the world with Gray Television.

More at:http://www.clickability.com/

Genius.com is provider of real-time 1-to-1 marketing solutions for sales and marketing professionals, has raised $19 million in Series C funding

What Company is offering:
Genius.com, creator of SalesGenius, is a Sales 2.0 pioneer and the leading on demand provider of real-time, 1-to-1 marketing solutions for sales and marketing professionals, empowering them to instantly connect with prospects and close deals through their corporate websites.


How It Works:
Genius solutions give sales and marketing organizations unprecedented control over e-mail and website marketing, delivering real-time e-mail campaign reports to managers and instant e-mail response and website visit alerts to sales reps, all without website programming or IT involvement. Equipped with this information, sales and marketing organizations are better able to reach the right prospects at the right time with the right information. The result is more satisfied customers, faster sales cycles and higher closing percentages.

Genius.com Incorporated is a privately held company, funded by Accel Partners, Emergence Capital, Mohr Davidow Ventures and Walden International, with headquarters in San Mateo, CA.

How Much They Got from Vcs:
Genius.com is provider of real-time 1-to-1 marketing solutions for sales and marketing professionals, has raised $19 million in Series C funding. Accel Partners led the round, and was joined by return backers Mohr Davidow Ventures, Emergence Capital and Walden International.

More at: www.genius.com or
e-mail info@genius.com.

Centrifuge Is a next generation business intelligence software that helps organizations discover insights, patterns and relationships raised $4.5 mil

What Company Is offering:
Centrifuge Systems, is a leading provider of next generation business intelligence software that helps organizations discover insights, patterns and relationships hidden in their data. Centrifuge is used in some of the most demanding applications in the world, including counter-terrorism and homeland defense, to help analysts move from data to discovery.
With Centrifuge, users determine what is of interest "on the fly", then manipulate the displays directly in a highly interactive fashion. The experience is refreshingly easy-to-use and the resulting insights can be extraordinary.

How Much They Got From VCs:

They have raised $4.5 million in first-round funding from Novak Biddle Venture Partners. Novak Biddle Venture Partners (NBVP) invested $4.5 million in Centrifuge, whose advanced visualization software helps organizations discover insights, patterns and relationships hidden in their data. The financing will support implementation of the company's growth strategy and product innovation initiatives. Novak Biddle general partners Andrea Kaufman and Roger Novak have joined the company's board of directors.


moreat :http://www.centrifugesystems.com

TalkShoe ---Live Interactive Discussions, Conversations, Podcasts

What Company is Offering:
TalkShoe is a service that enables anyone to easily create, join,
or listen to Live Interactive Discussions, Conversations, Podcasts
and Audioblogs. These hosted Community Calls can be discussions, conversations, talk shows and podcasts. Recorded Community Calls can be listened to, downloaded, or subscribed to. And if your Community Call becomes popular, you can make money too.

How It Works:

Creating a user account is a simple process. There are numerous links and buttons on the TalkShoe website which say 'Sign Up'. Users will be asked for their email address, a user name, password, and phone number (or alternate 10-digit PIN).

Your phone number serves as your 10-digit PIN when you dial into a Community Call. We believe that your phone number is easy to remember. In addition, in the future, using Caller ID, we will be able to recognize your phone number so you won't have to enter your PIN at all. If you wish, you can choose an alternate 10-digit PIN.

The host chooses the topic, creates the Community Call, schedules episode(s), and invites guests. Community Calls can be public, so that anyone on the website can join, or unlisted, so that only invited friends, family, or associates can participate. Community Calls have names, descriptions, starting times, durations, etc. Once the Community Call has begun, the host has control over the Community Call and can use features such as See-Who's-Talking, mute and unmute phone or chat, manage Requests to talk, etc. The host can also serve as the moderator or facilitator of the conversation.

More at:http://www.talkshoe.com/

Rtravel is an exciting new travel video sharing and networking site dedicated to travel and travellers

What Company Is Offering:
Rtravel is an exciting new travel video sharing and networking site dedicated to travel and travellers.

How It Works:
Members of the site can upload travel videos and share them with their friends and the world. Members can create their own profiles, upload photos, write their own travel blogs and make new friends with other travellers on the site.


Once you have created a travel services account then click the upload tab on the far right-hand side and fill in the form describing your video, be sure to select the travel service from the drop down box to ensure that the video is entered into the travel services section. The video will also automatically be entered into the other sections of the site as well.

If you wish to promote your travel service you can upload videos to this section of the site. Promoting your travel services on the site is completely free. Simply sign up for an account by clicking the join link at the very top of the page and filing in the form being sure to select the travel services with which you are associated in the travel services box on the form.


Rtravel videos include, travel services videos, travel services, hotel videos, resort videos, airline videos, restaurant videos, shopping videos, travel agent videos, coaches, coach tours videos, bus videos, buses, train videos, trains, shopping centre videos, shopping mall videos, markets videos, train stations, night market videos, museum videos, shopping mall videos, taxi videos, car hire videos, tour vidoes, tour agent videos, trek videos, trekking videos, jungle trek videos. air tickets, air travel videos, airport videos, cruiseliner videos, travel insurance, ferry videos, tour agent videos, tour company videos, wine videos, bicycle videos, boating videos, boat video and canoeing videos.

More at:http://www.rtravel.com/

Beetnic --A place for POLYGLOTS and MULTIROOTS global minded people

What Company Is Offering:
A place for POLYGLOTS and MULTIROOTS global minded people.Mingle, Explore and Exchange your cultural identities.

How It Works:
Your My beetnic profile page is the first page people see when they click on your member name. It's like a tasting menu of all the content and info you've posted on Beetnic. From the Profile page you can link to a member's complete collection of Video, Music, Photos or Blogs. From your own Profile page you can upload and update your media. It is also a place to describe yourself, keep track of Watch List and Favorites, manage messages to and from other users, link to RSS feeds and let other members leave 'Comments' for you. There is a lot of personal stuff hanging around so remember: you have the option to make any of this information, Public or Private.
A communibee is your own social network.You can create your own communibee in a few simple steps. Login then click the Mybeetnic page.You will find a tab on the left "Create communibee".Follow the few steps and you are up and running to start your new social network.
To join a communibee, simply browse to that communibee and click the Green "ADD" button. If the communibee is Open, you'll automatically be added to it. If the communibee is Restricted, the communibee moderator will need to approve your request before you are actually added.

More at:http://www.beetnic.com/

SwitchPipe is a proof of concept "Web application server

What Company Is Offering:
SwitchPipe is a proof of concept "Web application server." More accurately, it's a Web application process manager and request dispatcher / proxy. Backend HTTP-speaking applications (Web applications) do not run directly within SwitchPipe, but are loaded into their own processes making SwitchPipe language and framework agnostic.

How It Works:

SwitchPipe takes control of, and manages, the backend application processes, including loading and proxying to multiple instances of each application in a round-robin style configuration. As an administrator, you can define the maximum number of backend processes to run for each app, along with other settings so that you do not exceeded preferred resource limits. SwitchPipe quickly removes processes that "break" or otherwise outlive their welcome. For example, you can let SwitchPipe kill any backend processes that have not been accessed for, say, 20 seconds. This makes hosting many multiple Rails applications, for example, a quick and non-memory demanding process, ideal for shared hosting environments.

More at:http://switchpipe.org/