Jason Ball's TechBytes

Technology & Venture Capital. Early stage venture capital news mixed with personal views and comments

Neer- finding your friends

Public disclosure before this post even begins: I work for Qualcomm, and Neer has been developed by Qualcomm Services Labs.

Qualcomm has launched a new app on Android called Neer, which I think is pretty cool… I posted a few years ago that the future of the internet was about privacy-  and Neer delivers exactly that.

Think of Neer as the Anti-fourquare (soundbite thanks to TechCrunch). With Neer, you establish locations that are relvant to you: Work, Home, Gym, Park-  or whatever- and then Neer updates your contacts when you enter and leave those locations. You get updates when your contacts do the same…

It takes away the constant pinging associated with Fourquare and the creepiness of Google Lattitude. For me, I’d love to be able to glance at my phone and see where my friends and family are at any given time. Of course, this built for real friends (and family)- the ones you invite over for dinner; not the 2,300 people that follow you on twitter or foursquare, etc.

If you’ve got an Android phone, go download Neer; if you’ve got an iPhone, apparently an iOS app will be available soon.

Filed under: Android

Map of Boston’s Early-Stage Tech Investor Ecosystem

Nice overview of the Boston venture scene. Additions/modifications are requested at the PEhub site.

Filed under: Venture Capital

Migrating to WordPress.com

Hi, I’ve migrated TechBytes to WordPress.com. If you subscribed a while back, hopefully the RSS feed made the transition, if not, you might want to visit http://feeds.feedburner.com/jasonball to grab the freshest RSS feed.

Thanks for your patience if you find any site glitches- I’m working through those that I find…

Also, finally, after 2 years of waiting on TypePad to introduce a mobile design, you can now read my site on your mobile (that’s one of the many reasons I’ve moved over to WordPress). Flexibility is good. And the WordPress app for iPhone and iPad rocks. Here’s looking forward to the next 10 years of TechBytes on WordPress.

Filed under: Internet

Thoughts on Entrepreneurship

I gave a talk a few weeks back in Bilbao on entrepreneurship- I focused on a few key areas that startups/entrepreneurs should keep in mind. It was only a 20 minute talk, but there were 7 key areas I covered. I’ll be turning those into a series of posts over the coming weeks.

Stay tuned.

Filed under: Europreneurship, Venture Capital

Streetcar Exit- a London success story

Congratulations to Andrew Valentine, CEO at Streetcar on the company’s sale to Zipcar. I’ve known the company for a long time, and have watched it grow since Streetcar presented to the London Business Angels network when I was the “gatekeeper” there…

More info on the exit is available over at Techcrunch.

Filed under: Mergers and Acquisitions

Wired Up

I picked up the May copy of Wired’s UK edition this week. I’ve always preferred the US version since I’m not in the US- it keeps me up to speed on what’s happening there- but it hit me how powerful the UK version is for the European start-up scene.

Enter the Wired 100 People.

Everyone knows the legends in the Valley, and everyone goes on and on about the Valley (it *is* a special place afterall). I’ve been here for 10 years and Europe has always had problems gaining start-up momentum – there’s no epicenter, there’s no critical mass- and there are no Heros.

Wired is creating local Heros, and I applaud them for it. Singling out successful entrepreneurs, investors, inventors- and holding them up – is something Europe desperately needs. It’s not going to instantly make a scene- but the Wired 100 + the Silicon Alley map they produced last year + …. starts to create a sense of community. And that’s just what Europe needs.

(Also, special congratulations to you Reshma for coming in at number 12. Reshma Sohoni is CEO of  Seedcamp- another group that’s doing a great job building a strong European start-up scene. If you’re just starting out, and you don’t know about Seedcamp- you need to get to one of their mini seedcamps as soon as you can.)

Filed under: Technology, Venture Capital

Cool iPhone Apps

Hi there! 

No, I'm not dead- this blog is live… I've just been too busy lately to blog. So, to get me started blogging again, I thought I would share a few apps that I'm using regularly these days:

Sleep Cycle- actually monitors your sleep pattern by using the accelerometer in your iPhone. $0.99 to see how you've been sleeping. The best part is you set what time you'd like to wake up, and the app decides when you're in the best state to be woken. The sleep graph shows you the "quality" of your sleep the night before.

Remember the Milk- the app is for premium RTM users, and it's worth every penny. The best part: Location based To Dos. If I'm on Regents Street I can open up RTM and it shows things I want to do/see nearby… This is the only to do list I've seen that leverages location. 

Amazon- never miss another book recommendation. Open the app, search, ask "is this the book you mean?" When you get the nod, click add to basket. Wonderful…

BBC Weather- I live in England, so I'm overly preoccupied with weather. I'm a cyclist which means I'm obsessed with weather. It's a web app, but it's light and snappy. BBC has the best hour by hour forecast out there. For anywhere besides England, I've found Accuweather's hour by hour forecast is the best one on an iPhone.

Ocado- UK online grocery store. So easy to add "Milk" to your upcoming order.

Tripit- Getting your trips into tripit can be tricky if you're not in the US, but if you can, this is the best app for travel, hands down.

Convert- I'm always converting currencies and units. This little app is a lifesaver. Costs $0.99.

Foodspotting- If you like food, this is your app. Figuring out what to eat takes on a whole new dimension with Foodspotting. Instead of reading reviews, you look at pictures of food. And what looks good, is where you end up going. Fantastic site. The iPhone app intelligently filters based on location.

I'll post another set of apps in the near future. Feel free to add your favorites/recommendations in the comments section…

Filed under: iPhone

Age of Abundance (The Dedicated Device Rule)

There’s a fresh article in this month’s UK Wired- “Watches are the ultimate proof that we are not rational“, which applies directly to me (and an increasing number of my VC friends.)

It reminded me of a discussion that happened during my MBA – we were asked to envision what “the watch of the future” would be- ideas of mini-computers embedded in watches, internet connected glasses, etc populated the conversation. I suggested that the watch of the future was no watch- time was all around us and on every phone (this was when my Ericsson T29 constantly showed the time, not my black as night iPhone), and for a long time I lived by my prediction- no watch. Just my phone. My personal philosophy for many years has been one of simplicity- having just *one* of anything…

But days have changed, and on the watch front, I now own more watches than ever before… my three favorites are my Suunto T3 heart rate monitor- my trusted companion as I pedal away on my bike for 100+ miles a week, my Casio CA53W-1 for splitting up the dinner tab, and my Explorer II because it needs to be worn to be wound-  I love the idea of a self sufficient, kinetic watch. The one thing the three watches have in common is that they all offer dual time; as an expat that’s one point that never crossed my mind during my MBA (even though I was sitting in Spain at the time)- how important knowing what time it was in more than one city at any given moment. Instantly. But they are all very different watches, designed for different purposes or occasions.

Yes, my iPhone shows me the time (and weather) across the globe, but having a dedicated item on my wrist has taken on more importance over the years- and I’ve had a proliferation of watches in the interim.

I think the same applies the digital devices world. (I’ve had device creep without even realizing it.)

My iPhone was the holy grail when I bought it (and gets more powerful with each generation and app release), and I thought it would be the only device I needed… but I carry an iPhone and a Blackberry daily, and if rumors are to be believed, will probably add an iTablet to the mix soon. In the computing world, I also own 3 computers (iMac, Macbook Pro, Lenovo PC) but will also be getting a cloudbook next month. I tend to travel with both my Macbook and my PC. A cloudbook may replace my Macbook, but that remains to be seen… (I imagine it will end up being for checking mail and social activities online from the couch more than as a road warrior…)

I was even handed a dedicated wikipedia device last week as well- which is designed to be used by school kids.

All of the devices mentioned above are designed to perform one core function, with overlapping functionality in other areas. For me, I believe the future of devices will be exactly the same. Simplicity and function will drive this proliferation of dedicated devices-  the kindle, the flip, etc indicate the future… all in one devices means lowest common denominator. Dedicated devices mean optimal design and performance….

Filed under: Other

Venture’s Back II

Last month I posted suggesting that Venture might be back… The post below from trueventures makes a strong case, that yes, indeed, Venture is back.

http://www.trueventures.com/blog/2009/12/02/venture-is-back-baby/

Also, I was at Noah earlier in the month; company after company spewed out fantastic stats:

Betfair- online betting, 6.5m trades per day, 5 bn pageviews per month, 2.5m registered users, 600k active users, £13bn annual deposits, £300m revenues- £150M UK; £150M international

Delticom – online tire sales (yes, tires) €200M Revenues, €53M gross profit, €15M Ebitda, €10M net profit

Zed- entertainment (http://www.business.zed.com/)
Started off as mobile content player, expanded into everything – including tv
$700M revenue;

Bigpoint – browser gaming; playstation 2 quality Free
games, community based 1000 distribution partners TV partnerships with rev
streams to broadcasters Virtual goods/currency- micro transactions Subscription
= one price; virtual goods means variable pricing 95M registered users, 250k
new registrations per day

Spotify- online music, 6m users (3m UK), 15k new registrations  per day 120 staff Avg engagement: 94 min per
day; 

Stardoll- online "paper" dolls, 40m members, Avg age 13.8, 12m uniques/month

There were several billion dollars of revenue on stage that morning – representing some of Europe's more mature startups… with companies like these in VCs portfolios, and the exit market opening up-  it's easy to understand why venture's back.

Filed under: Venture Capital

Venture’s Back

I'm sure everyone has been seeing what's happened in the US Equity markets- NASDAQ is up 30%+ YTD, with many stocks like Apple showing 131% gains this year. Strong earnings reports mean public companies have cash to deploy…

I attended GP Bullhound's Mobile Sector Breakfast two weeks ago, where Manish reported some positive liquidity stats (available here): M&A activity in the mobile sector has seen a 77% increase in transaction value and an increase in transactions over $50M (AT&T's acquisition of Plusmo is one example)

Today's announcements that Google is buying AdMob for $750M and EA's acquisition of Playfish for $300M (congrats Hussein) adds further fuel to the fire- and is very good news for the venture industry. Unless this is a dead cat bounce, it looks like the venture cycle just might be back…

Filed under: Uncategorized

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