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« September 2008 | Main | November 2008 »

October 2008

Eye Candy: Amazon Launches Amazon Windowshop

Amazon Windowshop ("Lose Yourself in Amazon Bestsellers") is now in Beta release and delivers eye candy for fans of visual shopping experiences.  A self-description of Windowshop:

"Enter Amazon Windowshop--a destination for discovering what's new and hot in the world of movies, music, and more"

Amazonwindowshop_2

"We've taken out the text and created an immersive experience to help you lose yourself in exploration. Trailers for bestselling movies. Insight into the hottest TV shows and video games. Track samples from Tuesday's new music releases. Audio reviews of books you should read. Amazon Windowshop lets you get a taste of many titles. They're here - in one place - and all you have to do is move a few keys to zoom in on whatever flips your switch.

If you like what you see or hear, buy it. Everything has a direct link to Amazon.com, where you can complete your shopping experience with ease. And be sure to come back every Tuesday to see what's new."

(via via)

Originally posted in German by Jochen Krisch, translated by Jason Soo.

Social Commerce: Shopit Founder on the Plans for 2009

Shopit founder Matt Hill, who recently put together $2.5 million in a second financing round, described in a current interview the sales strategy of Shopit and the plans for 2009.

"Today, Shop It is a highly targeted e-commerce ad network that allows people for example from MySpace to sell to people on Facebook. We don’t charge any listing and transaction fees so it’s been quite appealing and we’ve grown quite a bit in the past 6 months.

We have probably about 600,000 stores in the network right now with between 5,000 and 10,000 new stores being created a day. Most of the stuff is apparel and pretty much the same goods you would find on eBay.

What are your goals for the service heading into 2009?

We’ve been a very seller centric business so far. We’ve appealed mostly to sellers, people that want to sell things and want to list their services or products. Our next phase of our development is going to be very shopping centric.

Shopit

We’re releasing a new web portal, so there will be a new site coming out. We like to look at it like LinkedIn meets Yahoo stores. We’re also launching a mobile portal which will allow you to communicate with people who are shopping in your store via mobile, make offers and also perform transactions, all via the cell phone."

The complete interview at Social Networking Watch.

Related posts:

Originally posted in German by Jochen Krisch, translated by Jason Soo.

Venture Capital: $32 Million for Like.com, $2.5 Million for Shopit.com

Two notable finance rounds for innovative e-commerce startups have been announced last week.
The visual shopping machine Like.com and its straight talking founder Munjal Shah have nabbed $32 million in startup capital this summer.

  • The beginning of the year saw Munjal Shah and ThisNext founder Gordon Gould in a tit-for-tat on the sensibility of “social” elements in e-commerce.
  • Prior to that he wrote in his CEO blog how Like.com evolved from Riya, it’s increasing specialization and its current focus on shopping solutions for the female target group.
  • Like.com, along with Polyvore and Zazzle, in our opinion make up the top 3 of Silicon Valley e-commerce startups.
  • Most recently it’s possible to upload photos from your own collection and find matching products for them.

Fresh capital was also available for Shopit.com, a social shopping solution for Facebook and Co.  The team scored $2.5 million. More on the current activities from Shopit.com also to be found in their blog.

Originally posted in German by Jochen Krisch, translated by Jason Soo.

Web 2.0 Expo Europe: Wrap Up

The European Web 2.0 Expo came to a raucous and good-spirited close on Thursday with the official Web 2.0 Expo Euro After-Party, "LateCrunch", in no small part due to the delightfully incorrigible hosting from TechCrunch's Mike Butcher.

The party topped off a three day long conference which had the very broad goal of touching all aspects of the 2.0 movement such as business strategy, technical development, best processes, marketing and even social impact.

Attendees were mix of folks from every possible field: designers, managers, developers/hackers, marketers, entrepreneurs, and analysts to name a few.

With such an ambitious goal, diversity of audience and a three day limit, one could foresee (and unfortunately later confirm) that it was a challenge to organize.

Workshops, for those who wanted to get their hands dirty, were clustered into parallel streams into the first day.  This meant that participants could only choose one morning and one afternoon workshop.

Sessions were packed tightly together on the second and third days with 15 minute breaks in between.  This essentially left only the lunch break as a meaningful time where networking and discussion could take place (unless you were twittering and posting while tuned out of a current session).  I found it a little a bit ironic that a 2.0 conference expounding the virtues of new dimensions of connection and interaction would leave me with the feeling of a lack of engagement and inter-personal communication.  Thank goodness for the evening events where it was possible to mingle and have substantial conversations!

I can't say I was impressed by every session I attended, but a few interesting ones stick out:

Duane Nickull held a well prepared bootcamp workshop on Adobe Flex which clearly demonstrated the main attractions of the framework and which was also simply fun to try out.

A tip of the cap to Robert Goldberg and Ted Shelton who held the Pitch Camp on Tuesday.  Although I was a bit peeved that they ran overtime and overlapped with Tim O'Reilly's keynote address, I think it was pretty gutsy to try to mobilize 12 teams plus audience into break-out sessions.  It didn't run smooth like butter, but in the spirit of "Act, don't talk" I salute you.

Lee Bryant's
Niche Online Social Networks session came across both inspiring and professional.  Citing examples where low cost, grassroots web projects have made a large social impact, he expounded on the quote from Andy Hobsbawm of Green Thing, that "small is the new big".

A thought provoking statement from Bryant:

"Innovation is about finding good problems to solve, not about the cleverest solutions".

The Reactive Advertising session from Burt where they introduced their Copybox product was like the dessert which I wish I had had from lunch. Although perhaps not an epiphany for anyone already in the advertising business, the Gustav pair wove an entertaining and convincing story to back up their product.

And last but not least, I find it absolutely necessary to mention the Electricity 2.0 session from Tom Raftery.  As the only session of the conference which could be described as completely dedicated to addressing a real world crisis, I can recommend to anyone who couldn't attend to check out the slides:

Thanks to the O'Reilly Media and TechWeb teams for their hard work in organizing the conference.

VentureBeat Comments on the German Startup Scene

VentureBeat has an outstanding summary of the current state of the German startup scene:

“Rarely are German entrepreneurs working on a grand, cutting-edge idea. More often than not, they fall into the copycat rut. Mention this to them, and they nod in agreement. They know it. They’re even copying from the French, with German designer brand company Brands4Friends copying Vente-Privee, for example."

Matt Marshall doesn’t touch on one significant source of the problem. Germany simply lacks competent industry journalists and analysts who can size up the business potential of groundbreaking ideas and help broker deals.  It’s a point which is often (and understandably) not covered in the press.

Originally posted in German by Jochen Krisch, translated by Jason Soo.

Web 2.0 Expo Europe: Pitch Camp x.0

This year saw 12 young teams and an interested audience attend the Pitch Camp at the European Web 2.0 Expo Conference in Berlin. 

Teams and audience got to hear presentation tips and discussion from an esteemed panel, who later divided up amongst the teams and served as coaches.  After a 30 minute intensive workover, teams had 5 minutes to pitch their business story back to the entire panel and the general audience.

The average level of preparedness was somewhat lower than I had expected, however observing one of the breakout sessions where a Powerpoint presentation was essentially turned upside-down in 30 minutes, I can give some slack for some confusion at the podium.

On the official prize roster, Wuala took first prize, second prize went to Youcalc and third prize was divided amongst Amazee, Plista and Sofatutor (German).

My personal favorites, based purely on the pitch alone:

  • Most I want to see succeed: Amazee
  • Most I would like to see my friends start using: Doodle
  • Best executed presentation: Plista

full disclosure: I had to miss part of the Wuala and Youcalc pitches in order to catch Tim O'Reilly's keynote address, so the interested will have to check you out directly.

Posted by Jason Soo.

Web 2.0 Expo Europe: Web "Two Oh" Is Not Web "Two Over"

Amidst a gloomy backdrop of the current economic woes of investors, entrepreneurs and high tech startups, Tim O'Reilly delivered an inspirational Keynote address at the European Web 2.0 Expo this Tuesday.

Oreilly

Illustrating the deep trends behind Web 2.0 such as internet-as-platform and harnessing collective intelligence, O'Reilly asked the rhetorical question, "Do you really think that we're done yet with exploiting this huge change...?"

Winners in this new era, O'Reilly claims, are in the areas of:

  • Cloud computing
  • Software as a Service applications like Google Apps
  • Open Source software
  • Companies delivering valuable services to business or consumers
  • Breakthroughs in collective intelligence
  • Entrepreneurs who believe so much in what they are doing that they stick to it.

Using the example of the PC industry, he cited the times when there were thousands of PC companies, but a natural consolidation reduced this number.  He then made the conclusion that the current economic difficulties simply accelerate this inevitable winnowing process.

Bringing the "big picture" back into focus, O'Reilly reminded the audience sharply about the "real" issues facing the world today, such as income inequality, oil price shock, global warming and water scarcity to name just a few.

In the face of extreme situations, O'Reilly advocated robust scenario planning, concluding with the strategy:

"Work on stuff that matters"

Citing the inspirational example of the Berlin Airlift and the innovative efforts required to achieve it, he stressed that his point that:

"Great challenge = Great opportunity"

O'Reilly finished the keynote with the appeal to use innovations from Web 2.0 to address these important issues.  Judging by the reaction of the audience, it is a vision that many people would like to share.

Posted by Jason Soo

Slideware Update:

OReilly Radar
View SlideShare presentation or Upload your own. (tags: web2expoeu08)

Zalando: European Zappos Clone Bets on Free Delivery

The Germany based Samwer brothers want to use Zalando ("We serve shoes!") to bring the successful Zappos shoe retailing concept to Europe.

The key concepts with Zalando as with Zappos:

"Free Shipping. Free Returns. Free Hotline."

It’s a risky venture that will require enormous endurance: Zappos, founded in 1999, achieved profitability just only two years ago.  They have a return rate of 40%, but also a loyal customer base and a repeat order rate that other online shops can only dream of.

At the same time Zappos is one of the few (online) mail order companies which are very clearly positioning themselves against the traditional brick ‘n’ mortar shops.

Zappos is forecasting for 2008 gross revenues of over $1 billion and is also planning to expand into other product areas.

(via)

Related posts:

Originally posted in German by Jochen Krisch, translated by Jason Soo.

NY Times Reports Social Lending in Crisis

The New York Times wrote on Wednesday on the particular difficulties of social lending sites such as Lending Club, Prosper or Zopa.  In the article (“Lending Alternative Hits Hurdle”):

"On Wednesday, the nation’s largest peer-to-peer lending site, San Francisco-based Prosper, stopped allowing lenders to make new loans, saying it needed to wait while the Securities and Exchange Commission evaluated its regulatory filings."

Across the pond we hope that such a good idea doesn’t go under.  The German site Smava can take heart since it recently closed a 4 million Euro round of financing (GE/EN), giving it sufficient breathing room for the future.

Originally posted in German by Jochen Krisch, translated by Jason Soo.

Facebook's Mark Zuckerberg in Germany

The Amiando team held a reception with Facebook boss Mark Zuckerberg in Munich and used the opportunity to introduce their Facebook Connect application for “Viral Ticketing”.

Via the Facebook Connect interface, Amiando users can directly access their friend or acquaintance network in Facebook in order to publicize their events.  As external applications have long been able to nest themselves into the Facebook platform, Facebook now wants to use Connect to embed itself into other platforms.

Facebook boss Mark Zuckerberg is currently on a promo tour through Germany and recently faced questions from an audience in Munich.

Zuckerbergamiando

Founderslink partner Oliver Beste posed the question if copycats will in the future need to prepare themselves for a wave of lawsuits from the USA.

Facebook recently took legal action against the German StudiVZ (German site) and Trialpay filed a $3 million lawsuit against new German startup Deal United (German site).

Mark Zuckerberg countered that the legal claim against the “StudiGuys” is a pure precautionary measure which ensures that no one will later be able to accuse Facebook of inaction.  The legal system requires companies to take certain measures in advance.

In general, Zuckerberg took copious amounts of time after the official proceedings in order to answer individual questions.

Related posts:

Originally posted in German by Jochen Krisch, translated by Jason Soo.