Showing posts with label Facebook. Show all posts
Showing posts with label Facebook. Show all posts

Philly area resident Scallan plays key role at Silicon Valley's high-flying Flipboard




Tom Paine



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Josh Kopelman coined the term "Redeye VC" to describe the bi-coastal nature of his existence managing First Round Capital. Lehigh grad and area native Paul Martino has maintained his residence in Doylestown in spite of the time he spent as co-founder of Aggregate Knowledge (recently acquired for $119 million) and his current position as managing partner with VC firm Bullpen Capital, both based on the west coast. App design guru Loren Brichter maintains a primary residence here while advising west coast firms. And there are other examples.

Greg Scallan / Twitter

One who many may not realize lives in the Philly area is Greg Scallan, Chief Architect for Flipboard, the mobile news reader app platform that just last month confirmed it had raised another $50 million, closing out a Series C round of $100 million, led by Rizvi Traverse Management. Flipboard now says it has 100 million total users, up from 85 million at the time the first half of the round was announced, and is aiming for 150 million in 2014.

Scallan, who grew up on Staten Island (disclosure: the same place I did, though I didn't know him there - Staten Island is not a small village) received his BS in Electrical Engineering from Lehigh. After a few years at IBM and Paper Software, he joined Netscape not long after its famous 1995 IPO. He then served as Chief Architect-VoIP Platform at Tellme Networks, directing development of its Toll Free Directory Assistance service, and joined Microsoft after it acquired Tellme in 2007, leaving in 2009 to start Flipboard along with his long-time associate Mike McCue, Flipboard's CEO, and Evan Doll.

Although Flipboard is based in Silicon Valley (Palo Alto), Scallon told me in a phone interview he maintains his primary residence in the outer western burbs (near Chester Springs) for family reasons, but he spends considerable time on the west coast. He says he simply hasn't had the time to get too involved with the Philly Tech scene, though he would like to attend some of Philly Tech Meetup's events.

Flipboard launched first for the iPad and then the iPhone, but it now a has a significant percentage of Android users and launched an app for Windows Phone in November. Its not clear whether Flipboard will ultimately be more of a content curator, aggregator or publishing platform, though I'd say now its a combination of all three. Scallon says Flipboard and others in the news reading app space are still trying to work out optimal business models for it, and there is frequent discussion ongoing among players in the industry.

Although Flipboard initially may have focused on larger publications (who sold their own ads), it has gradually broadened its base, allowing users to curate their own collections gathered from Flipboard content and encouraging more smaller self-publishers to use its platform. However, the issue of how to help smaller publishers monetize remains.

One new competitor is Medium, founded by Blogger founder and Twitter co-founder Ev Williams. Medium favors a more web-based approach versus Flipboard's primarily app-based approach. Another significant competitor could be a Facebook product, reportedly named Paper, which may be introduced in the coming weeks. After selling the Washington Post to Jeff Bezos, the Graham family holding company relaunched its news reader entrant, Trove.

Scallan says Flipboard is a happy Amazon Web Services user for all of its cloud services, and has no plans to move to more of a hybrid or private cloud architecture.

Update 1/29: Flipboard wants to look more like
traditional magazine
(Gigaom)

Update 2/4: Facebook's Paper vs. Flipboard: Comparing mobile news apps (Mashable via San Jose Mercury News)


Former Susquehanna exec Noll surprises many by leaving Nasdaq




Tom Paine



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Eric Noll, a long-time executive with Bala Cynwyd-based Susquehanna International and former official with the Philadelphia Stock Exchange (now owned by Nasdaq), surprised many in the exchange industry by announcing on Monday he was departing Nasdaq, where he was considered next in line for the CEO job by many, to become chief executive officer of ConvergEx Group LLC. Noll's title at Nasdaq was executive vice president of U.S. and U.K. transaction services.

Although Noll remains highly respected in the industry, he caught some of the flack for Nasdaq's mishandling of Facebook's IPO last year, as well as a major technical glitch that caused a three hour trading delay three months ago. At the time of the Facebook offering, one (possibly irrelevant) criticism was that he was in Philadelphia at the time it launched.

ConvergEX provides trading services to institutional investors. Noll joined Nasdaq from Susquehanna in 2009.


Bradford Media Group is doing interesting things in West Chester
Tightly integrating video and social media marketing

Tom Paine

Brad Heureux and Matt McGlynn in BMG's studio
(Source: BMG)  

Bradford Media Group, located in the middle of West Chester near the corner of Market and High Streets, has a model that's different from many social media agencies. The innovative agency has a passion for integrating social media with video production to meet its client's needs, and is trying out new formats that marry the combination.

It is perhaps not surprising that BMG's founder & CEO, Brad Heureux, has a multimedia emphasis in his background, having had considerable experience with Comcast, where among other things he help build what ultimately became known as Comcast Spotlight (its cable advertising sales unit) into an industry juggernaut. He also founded and ultimately sold Off The Wall Productions, a pioneering multi-platform marketing company, and helped launch PAXTV, a TV Network later acquired by NBC. He started up BMG in 2009.

BMG defines itself as having three primary components: Studio BMG, which creates original media production including branded entertainment series, product videos, and episodic programming for multiple platforms including social media and television; BMG Social, the agency’s social media platform management arm utilizing social strategy and custom application development; and BMG Reach, which specializes in creating individualized and targeted online advertising campaigns designed to drive specific audiences to the customized video and social content. In other words, the three parts are all intended to function in a tightly integrated manner together in support of meeting customers' objectives. BMG also has its own inhouse production studio.




BMG is big on using Facebook, although they employ other social media platforms as well; Pinterest is becoming very important for them, they tell me. It manages Facebook Fan Pages for about 80 clients, Heureux told me in a phone interview, and each one includes a Studio BMG-produced video element. BMG doesn't target a specific vertical niche, and works with both consumer-facing and business to business brands. Heureux says there are probably some 12 million companies (in the US), who need to have brand pages with a professional image on Facebook, and BMG is out to help many of those who don't have the inhouse resources to maintain that kind of presence by themselves.

BMG's senior staff, in addition to Heureux, includes Matthew McGlynn, Director of Operations and a Temple (Tyler School of Art) grad, who might be described as the chief digital person; Rachel Burke, another Temple graduate who was just promoted to Director of Social Media; and Leslie Nichols, a Conestoga High grad with some Hollywood TV producing credits who returned home and, after working for WPVI and running her own company, joined Bradford as executive video producer for Studio BMG (see recent MainLine Times profile). Lara (Toscani) Weems, another Conestoga alum who had previously worked for Comcast Spectacor and has also handled some assignments for the Harlem Globetrotters, serves as Marketing Manager. BMG currently has 16 employees, and also has a New York outpost.

Julie Roehm

Julie Roehm, who became Senior Vice President - Marketing for SAP early this year, is a Partner at BMG (and an investor) and serves as a strategic advisor (Correction: BMG tells me that while Roehm does have some equity in the firm, she has not made a financial investment in it). Roehm, who has a reputation for being a marketing whiz, had her short tenure running marketing communications for Wal-Mart end in considerable controversy in 2006. In a recommendation she made on LinkedIn last year, Roehm wrote: "Having advised BMG Media, I can say that this group is performing some of the most interesting and credible work in the field of e-commerce for social media. They are really starting to crack the code on the idea of QVC for social media".

Two projects are good examples of where BMG may be heading. One is the Studio BMG-produced social media-driven TV show, "Life Around Home", which launched in April on the digital channel NBC Philadelphia Nonstop. The lifestyle show, which covers subject such as organic living, do-it-yourself projects, home organization, fitness, style and fashion, and parenting, chooses its content based on posts to its Facebook page and other social network presences, and also responds to other posts. BMG hopes to roll the concept out to other markets. CEO Heureux calls it "a completely new model of show production".

Another example is the hyper-local approach BMG is taking in developing a Facebook Fan Page for its home town of West Chester. Studio BMG will use original video production to tell the stories of public and advertiser events, all housed in custom applications within the community created by the company’s social media arm, BMG Social. BMG Reach, the marketing arm, will place online adverting and promotional campaigns to drive traffic to these West Chester stories. The page will also include a (free) directory of businesses, restaurants, and events located in the West Chester area, to be launch within a few weeks. It sounds almost as if BMG wants to reinvent the Yellow Pages on Facebook, something Yellow Page publishers have never been very successful in doing .




Heureux is watching the M&A activity involving many of the big players in the social media business with interest. For example, one company he works with is Vitrue, which Oracle recently announced it would acquire. But BMG is not heavily dependent on any one social media marketing platform. In terms of its own strategy, while BMG may develop some proprietary technology, my sense is they are much more focused on creating proprietary content vehicles, through which customer content can be packaged and distributed.



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Daily Links 5/9/2012: First Round Capital closes on fourth fund, makes Barnes and Goldman partners



7 ways Comcast is killing the cable killers (Gigaom)

PK Wants Public Peek at SpectrumCo. JOE
Challenges Verizon, MSOs' Claim Proposed Joint Research, Development Venture is Highly Confidential
(Multichannel News)


Google Tries Again With Google TV (New York Times: Bits)

Where Zuck and the team are headed next: The full IPO roadshow schedule (VentureBeat)
Philly on schedule for today, but no Zuck.

Facebook spawns ecosystem of startups (San Jose Mercury News)

First Round Capital Bumps Up Phineas Barnes, Kent Goldman To Partner Level (TechCrunch)

First Round Capital Stays True With Fourth Fund (Wall Street Journal: Venture Capital Dispatch)

The More Things Change (Josh Kopelman/Redeye VC)

ThingWorx Version 3.0 Brings Search to the World of Connected Devices (Business Wire)

Universal Display Corporation Announces First Quarter 2012 Financial Results (Business Wire)
PANL Drops 18%: Q1 Misses, Samsung Rev Deferred (Barron's: Tech Trader Daily)

Deutsche Telekom Said to Discuss MetroPCS Deal for T-Mobile (Bloomberg)

BioClinica Reports 14.9% Growth in First Quarter Service Revenues
-Announces Record Backlog of $125.8 million-
(Business Wire)

Epicor Moving Its Applications to Microsoft's Azure Cloud (PC World)
Epicor's Wholesale Distribution Systems Group is based in Yardley.

Devon IT Launches New ARM-based FX1 Thin Client at Sub-$200 Price Point (Business Wire)

City Managing Director Reveals: No Philly Web Dev Shops Applied For 311 App Job! (Philebrity)



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Quepasa (myYearbook parent) to become MeetMe



Tom Paine



Quepasa, the New Hope, PA-based parent of popular social media website myYearbook, held a conference call yesterday to introduce new branding for its website properties. myYearbook will become MeetMe by July, and the conversion will also occur on its Quepasa site (popular mostly in Latin America) later in the year. MeetMe.com is up, though right now it just contains some of the slides from yesterday's presentation. Also, Quepasa reportedly paid $450,000 to acquire the Meet.me domain.

Quepasa acquired myYearbook last year for $100 million, primarily in stock. myYearbook was the bigger fish, however, and the acquisition was probably structured the way it was (rather than the other way around) because Quepasa offered a pre-existing publicly traded vehicle (NYSEAMEX:QPSA). Quepasa also provided a platform for expanding internationally as well as into other languages (Spanish & Portuguese right now). Quepasa today claims 78 milion registered users, about half with myYearbook and half with Quepasa, though myYearbook generates about three quarters of the revenue. The company will also change its ticker symbol to MEET over the summer.

Though Quepasa's top management is very capable, I thought they overreached somewhat in comparing themselves to three companies: Facebook, Twitter, and LinkedIn. While competitive with two of these in page views, they lag considerably in terms of unique monthly visitors and monetization. I doubt Twitter's page view stats are directly comparable since you don't navigate through Twitter page by page. While Facebook is said to be valued at $100 billion, LinkedIn at $10 biilion according to its current stock price and Twitter reportedly worth several billion, Quepasa's present market cap is less than $150 million. I get the point that management is talking about potential rather than the present, but I still find it to be a bit of a stretch. My impression of Quepasa is that it has a relatively small (about 4 million uniques per month) core of very heavy users who generate a lot of page views, but the key is to grow that base. Quepasa positions itself relative to these megaplatforms as being the one you go to for meeting new people, as opposed to Facebook (connecting with people you already know), LinkedIn (people you know profesionally), and Twitter (exchanging information).

Quepasa emphasized two trends: mobility and globalization. Its says its mobile usage is exploding, and they are just in the early stages of monetizing it, though it says it already has the "top-grossing social app on Android". The company believes the new brand name, as well as having a single unified platform, will be much better suited to the global market. Why throw away a great, well recognized brand name? The company didn't quite address that. Obviously Yearbook is more of an American term, and may not carry well into other parts of the world. The other big issue that wasn't really discussed was demographics in terms of age. myYearbook, as the name implies, was definitely geared to high school age kids. I'm sure Quepasa wants to keep these users as they get older, in addition to attracting other older users, but the company didn't really address this issue. Originally, myYearbook was intended to provide a somewhat protected environment for teens to socialze in.

Quepasa also discussed increasing non-advertising revenue, particularly through its virtual currency. Advertising now accounts for 85% of revenue, and Management sees virtual currency providing an increasing contribution. Quepasa also said yesterday that it expects to achieve positive EBITDA by the end of 2012. Plans for adding additional languages and expanding to other regions were mentioned, though no specifics were given.

myYearbook was founded in 2005 by three Cook siblings: Catherine and Dave, who were high school students at the time, and Geoff, who now serves as Quepasa COO. First Round Capital was an early investor.



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Daily Links 1/31/2012: Facebook reported ready to file for IPO in morning



Alden Global maneuver sets off speculation about Philly newspapers (Philadelphia Inquirer)

Facebook to file for $5 billion IPO: IFR (Reuters)

Amazon’s Sales Miss Estimates, Profit Drops 57% (Bloomberg)


Amazon S3 Reports Staggering Growth in 2011 (ReadWriteWeb)

Dell plans to expand Silicon Valley staff as it looks to innovate (Dow Jones via Total Telecom)

Unisys Announces Fourth-Quarter and Full-Year 2011 Financial Results; Third Consecutive Year of Profitability and Positive Free Cash Flow (PR Newswire)

Infor Revamps Support Services, Heightens Competition Against SAP, Oracle (CIO.com)

SAP 2011 Earnings Call with Bill McDermott (You Tube)

Internet Essentials Progress Report (Comcast Voices|Official Comcast Blog)
Enhancements in response to criticisms of program's shortcomings?

Music Choice Rebrands As 'MC'
New Logo, Brand Strategy to Span Linear, VOD and Online Properties
(Multichannel News)

Comcast snags another customer for its Metro Ethernet service (Communications, Engineering & Design Magazine)
Widener University.

Panasonic Exits US Cable Set-Top Biz (Light Reading Cable)

PSC, Drexel Light Up Cross-State Optical Link (HPC Wire)

Mobile SharePoint: Infragistics Acquires SouthLabs for End-to-End iPad, Android & Blackberry SharePoint Experience (Infragistics Blog)

Multiband calls off WPCS acquisition (Philadelphia Inquirer)



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Daily Links 8/12/2011: Pharma restrictions on Facebook go into effect on Monday

Can the cable industry succeed at wireless? (FierceWireless)

Clearwire Jumps 12% On Speculation Of Sprint Funding (Barron's: Tech Trader Daily)

Verizon: FiOS Won't Be as Profitable as Copper
In Part Because They Can't Charge $8 For Call Waiting
(Broadband Reports)

AT&T Seeks to Bolster T-Mobile Case as Doubts Rise in Poll (Bloomberg)

Phila. hires N.J. official to fix information tech (Philadelphia Inquirer)
Adel Ebeid, currently chief information and technology officer for the State of New Jersey, will start work for Philadelphia on Aug. 22.

SAP Business ByDesign and BusinessOne on a collision course? (Dennis Howlett/ZDNet Blogs)

Meet SAP Line of Business OnDemand’s New Leader: Kevin Nix (ASUG News)

SAP ByDesign unveiled in Australia after delays (The Austalian)

ORCL, CRM, VMW: Goldman Cuts Numbers Across Software (Barron's: Tech Trader Daily)

10 Key Things I Learned From Working at a Search Startup (Search Engine
Watch)
By Alex Cohen, former Director of Marketing for ClickEquations (now part of Channel Intelligence).

Facebook prescribes comments for pharma pages (NewsWorks)

EHS Technologies wins Navy contracts (Philadelphia Business Journal)



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More First Round Capital portfolio news; Square, RockMelt get big investments

Following up on two companies I discussed in yesterday's First Round Capital Roundup: Mobile payments processor Square has raised $100 million in a third round of funding led by Kleiner Perkins Caufield & Byers; the new financing values the company at more than $1 billion, according to the Wall Street Journal. Square also added another powerful Board member, Kleiner Perkins partner Mary Meeker. Square was founded by Twitter's Jack Dorsey; First Round Capital invested in its Series A round in 2009.

While Facebook has been working closely with social web browser RockMelt on product integration, Facebook has not invested in the startup. But now one of its major backers has; Accel Partners teamed up with Khosla Ventures and Andreessen Horowitz to lead a $30 million round. Accel's Jim Breyer will join RockMelt's board. Marc Andreessen of Andreessen Horowitz knows a little bit about browsers, having been behind the development of Netscape. First Round Capital also reinvested in this round.


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Daily Links 3/8/2011: Deutsche Telekom, Sprint said to be discussing T-Mobile USA Deal

Deutsche Telekom, Sprint Said to Discuss T-Mobile USA Deal
(Bloomberg)

YouTube, Netflix, Hulu: Meet Facebook (All Things Digital: MediaMemo)

Facebook Could ‘Become a Credible Threat to Netflix,’ Says Goldman Sachs (Hollywood Reporter)

Netflix spooks Hollywood more than ever (CNET News)

Britt: Video Losses Unacceptable
TWC chairman says MSO looking at video subscribers with "renewed intensity"
(Broadcasting & Cable)

Comcast Courts the Cloud (Light Reading Cable)

Republicans pan FCC reasons for net neutrality rules (Washington Post: Post Tech)


Smarter Agent acquires Toor.me (Smarter Agent Blog)
Camden-based mobile real estate network acquires Seattle company that uses QR codes on properties.

Urban Outfitters’ Weak Quarter: A Hiccup or A “Yikes” (Barron's Blogs)
First disappointing news from Urban Outfitters in a long time. But the fashion business is like that.

Anexinet Named to Inaugural CRN Tech Elite 250 (Business Wire)

SAS Pushes BI to Apple's IPad, IPhones (PC World)

To BI or Not to BI – That is The Question for SAS (Information Management)

Seven Questions About CRM Software with Microsoft’s Mike Ehrenberg (All Things Digital: NewEnterprise)

The cable-TV installation will be easy. Want to buy some property under the Brooklyn Bridge? (Washington Post)
One writer's experience with Comcast.



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Daily Links 3/3/2011: Comcast's Roberts aims to make the cable box cool

Cable TV In Pursuit Of Mobility (New York Times)

Comcast's Brian Roberts: The man who loves cable (LA Times: Company Town)

Comcast's Roberts aims to make the cable box cool, take on Netflix (ZDNet Blogs)

Brian Roberts on "Bloomberg West"


Lauren Zalaznick: How Hulu Will Evolve to Compete With Netflix (Hollywood Reporter)

Teradata Buys Aster Data, Boosts 'big Data' Wares (PC World)
First Round Capital was an early investor in Aster Data. Teradata is paying $263 million for the 89% it does not already own.

Does Kickfire + Aster + Teradata spell trouble? (ZDNet Blogs)

Safeguard Scientifics Announces Fourth Quarter and Year-End 2010 Financial Results (Business Wire)


Orbach Q&A: Strategics, VCs Drive Cloud Tech Surge (PE Hub)

Salesforce.com announces Service Cloud 3, Facebook integration (ZDNet Blogs)

DailyWorth Raises $850K To Become The Daily Candy For Personal Finance (TechCrunch)

Firm's data helps you decide on a wireless network (Philadelphia Inquirer)
Is AT&T's network better than Verizon Wireless' in the Philadelphia area? Verizon Wireless put out this press release today, probably not coincidentally.

Sprint Nextel and Clearwire Close to Resolving Pricing Dispute (DailyFinance)



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