phillytechnews twitter posts: 6/4-6/6 2012
phillytechnews: Daily Links 6/6/2012: Oracle unveils Cloud offerings http://t.co/3k9fGFR1
Covering the Digital Age in Philadelphia ( Enterprise Software, Cloud, SaaS, Mobile, Telecom, Digital Media, IoT, eCommerce, Startups, Venture Capital)
Labels: Fanatics Inc., Independence Blue Cross, Invite Media, IPv6, Kazaam Interactive, Oracle, Uber
Labels: Highlights
Labels: Comcast, Dell Boomi, Invite Media, Nat Turner, Netflix, Oracle, Poison Pill, SAP, Solve Media
The well-known myYearbook brand name is now essentially history, as the planned transition to MeetMe has been completed. The transition of the Latin-language Quepasa social network to the MeetMe platform will not be completed until later in the year. New Hope-based Quepasa Corp (now MeetMe, Inc.) stock is now trading on the NYSEAMEX under the symbol MEET.
MeetMe press release
MeetMe launch video
Related Philly Tech News post: Quepasa (myYearbook parent) to become MeetMe (April 4, 2012)
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Labels: MeetMe, myYearbook, Quepasa
Labels: Buddy Media, Comcast, FIOS, First Round Capital, IPv6, QVC, Salesforce, SAP, Verizon, Wildbit
Esther Surden
Princeton University celebrated the centennial of Alan Turing’s birth in grand style from May 10-12, 2012. Turing, known as the “father of computer science", earned his Ph.D. in mathematics from Princeton in 1938, before there was a computer science department at the institution.
The university hosted addresses by some eight winners of the Turing Award, considered to be the “Nobel Prize of computing", as well as lectures by many other distinguished computer scientists. The range of topics was breathtaking, from quantum computing to modern programming languages and beyond.
A centennial celebration highlight was a public address by Eric Schmidt, Princeton graduate and executive chairman of Google. While not a Google founder, Schmidt has helped grow the search giant from startup to global entity and is credited with finding a way for the company to scale its infrastructure and diversify product offerings while attempting to hold on to a culture of innovation.
Princeton Tech Meetup members gathered beforehand at the local Panera Bread to walk together to Schmidt’s talk at McCosh Hall. Tickets had been reserved earlier. The event was so popular that it was being simulcast to several overflow rooms.
At the heart of Schmidt’s lecture was the belief that technology can be used to benefit all classes of society, including the 5 billion unconnected people on this planet, most of whom live in underdeveloped areas. He called this group “the majority” and was sure that “one day they, too, will be connected".
“The reality is that for the next decade, those people are not going to be as connected as we are fortunate enough to be", he added, for five reasons: they live in war zones, they have higher priorities, governments are corrupt, being connected requires infrastructure and they are not very organized.
One way to fix this is by using mesh networks, networks without a center. Companies can build phones that serve as mesh nodes, and together all these phones can form a powerful network.
Eventually people in the developing world will obtain devices with enough memory to store their high school education on them, Schmidt said. “All of a sudden their phone, which they are obsessed with, will be their educational and entertainment device", he predicted.
What’s important about developments in storage and processing does not involve storing photos, Schmidt said. It’s important that people anywhere can obtain a body of knowledge on their smartphones that can be translated on the fly to a language they speak. Think of what happens when a device like this shows up in an area that doesn’t have a textbook, he said. Those with nothing will have something.
Most unconnected people will have interestingly cobbled together networks, perhaps a single connection to a village with a Wi-Fi connection, and they will use Voice over Internet Protocol (VoIP) from their phones to the Wi-Fi connection, Schmidt predicted. They will still need Short Message Service (SMS) as a backup.
To the students in the audience Schmidt said that while they are building on the foundation of Turing and other great Princeton mathematicians, most humbling to him is that “you are just beginning to have something with a boundless capacity, a connected humanity you will create".
Earlier in the evening, Schmidt began his talk by saying one of the most remarkable things about computer science when he arrived at Princeton in 1972 was that you could almost know it all. There was a relatively small community of people working in the field.
Schmidt reminisced about how he had used an IBM 360/91, which at the time was “literally the fastest computer I had ever encountered". It had all of one megabyte of memory, made out of iron core. “Most of those 360s were sold, because their contents were valuable as minerals", he remarked.
While for most people on the planet the digital revolution has not yet arrived, the privileged few will experience the world in an ultraconnected way, Schmidt noted. For this group the future offers only what science can deliver and what is legally permissible, he added.
A data infrastructure is emerging that combines telemetry and sensors, to know where things are, Schmidt noted. He asked the audience to imagine what life will be like when we have real-time telemetry, driven by the presence of phones and other devices.
All estimates say that by 2020 true fiber-optic networks will be available in the Western world’s urban centers. Fiber optics will deliver a gigabit pipe, and that amount will cause all the limitations of HD and delivering media to disappear, he said.
Schmidt said we are already seeing some predictions made in “Star Trek” and “The Hitchhiker’s Guide to the Galaxy” come to pass. A major example is voice-to-voice translation: people speak into their phones, the spoken word is translated to text, the text is translated to another language and then a voice synthesizer transmits it to another person, all done in real time by supercomputers. Other examples: voice recognition and electronic books, once the stuff of science fiction.
“So the people who now talk about the possibility of holograms, virtual reality, are almost certainly right", commented Schmidt. The beginnings of these technologies are present in the labs, and the underlying computational and distribution capabilities are going to be there, he said.
Driverless cars are another invention that will be realized in our lifetime, Schmidt predicted. “Isn’t it obvious that the car should drive you?”, he asked. It never gets drunk or lost. And if properly designed, it doesn’t hit anything, he added.
{Update: You can now watch the speech on YouTube at this site.}
Esther Surden is Publisher and Editor of NJTechWeekly , and a contributor to Philly Tech News. This article originally appeared in NJTechWeekly.
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Labels: Alan Turing, Eric Schmidt, Google, Princeton University, Turing Award
Tom Paine
Life can be slow in the summer if you're in the city and looking for interesting tech events. Two business incubators/accelarators, though, Novotorium of Bucks County and Seed Philly of Philadelphia, are joining together to present Entrepreneur Summer Camp, consisting of a moderately priced series of weekly events featuring topics of interest to area entrepreneurs, plus the opportunity to opt into additional programs and
services the incubators offer.
The first event, to be held on the morning of June 12 at The University Science Center's Quorum, features a retrospective look back at Wayne-based Internet startup Infonautics, the people who came out of it, and the impact the resulting ecosystem has had in growing the Philly Tech community. Infonautics was co-founded in 1992 by Josh Kopelman, then a sophmore at Wharton, along with founder Marvin Weinberger, an entrepreneur who had previously co-founded Telebase Systems Inc., an online media company in Wayne. Weinberger was CEO and Kopelman was Executive VP with responsibility for sales & marketing. One of Infonautics' early investors and advisors was Howard Morgan, the former computer science professor at Penn turned VC who later co-founded First Round Capital with Kopelman and is a managing partner of the firm today.
Infonautics set out to become an online resource for children, providing curated content that helped young students learn and study. Its products included Homework Helper, delivered primarily via early online service Prodigy, and Electric Library, delivered via the Web. Infonautics did an IPO on the NASDAQ in April 1996 and raised close to $30 million, an offering that would be difficult for such a small early stage company to pull off today.
The company had difficulty selling a subscription-based service to a mass market, particularly as so much information was beginning to appear for free on the Web. In terms of technology, Infonautics also had to scramble to convert from the closed garden world of legacy online services such as Prodigy to the open Web, which really took off in the 1994-95 period. That transition, Novotorium GM Mike Krupit (who served as Infonautics' Director of Technology ) told me in a phone interview, spurred a period of tremendous innovation at the company. For example, Infonautics pioneered an early business model and developed related technology for managing affiliate marketing programs. And at a later stage of the company's history, in an effort to pivot, it developed an online service called "Company Sleuth", which I remember using. Company Sleuth allowed you to track several sources of records and information about a company that at the time were difficult to put together from one single email signup. And since the web was like a frontier then, with only slightly defined and rapidly evolving standards, Infonautics' staff was constantly looking for fixes or new ways of doing things.
Founder Weinberger, who Krupit described as a visionary, was a somewhat unorthodox businessman with penchant for dressing informally for meetings (not as common then as now), usually wearing an Infonautics baseball cap.
Infonautics posted 1996 results of $1.4 million in revenue and an operating loss of nearly $14 million. Its stock, which opened at $14, went down 19% during its first week of trading and was down to $2.38 by early 1997. The company was able to grow revenue to $23 million by 1999, but continued to have large operating losses. At the time, the technology infrastructure needed to run an online Internet service required significant fixed costs that were difficult to scale down. Employment at one point exceeded 130; a company 10-K indicated it reached about 80,000 paid subscriptions.
Josh Kopelman left Infonautics to start Half.com in mid-1999. Weinberger left in 1998 and started other ventures, some that worked and some that didn't. Also in that year, Infonautics began to sell parts of the company, selling its Education products group to Bell & Howell, gaining net proceeds of $18.5 million, and also ending up with a 20 % stake in bigchalk.com, the rest of which was owned by Bell & Howell. Infonautics intended to focus its resources on its Company Sleuth offering and other targeted personal information tools marketed under the Sleuth brand. The pivot to Slueth did not pay off financially fast enough, and in 2001 Infonautics merged with Tucows Inc., with the combined firm taking on the Tucows name. Toronto-based Tucows, which still exists today, specializes in domain registration and other Internet services.
Other pieces of Infonautics' product and IP portfolio ended up in different places; for instance, patent firm BTG acquired a portion of the patent assets of Infonautics covering navigational tracking on the Web and online affiliate programs. In fact, in 2004 BTG sued Amazon.com, BarnesandNoble.com, Netflix and Overstock.com over their alleged infringement of the patented Infonautics technologies. BTG apparently reached settlements with each of the four, with Netflix agreeing to pay an undisclosed sum (said to be millions of dollars in one report) in return for a non-exclusive license. BTG subsequently sold the web patents in 2006 for $5 million plus profit sharing, as it decided to focus on Life Sciences.
The event on the 12th, titled "After Infonautics: A Generation of Startups", will feature a panel of former Infonautics execs and employees discussing how their experiences there led to a number of other startups in the Philly area. Participants scheduled to appear include Kopelman, Weinberger, Lucinda Duncalfe (who went on to Destiny, TurnTide, Click Equations, and now Real Food Work), Krupit (who ended up running CDNow after Bertelsmann acquired it, and now runs Novotorium), Rick Mosenkis (VerticalNet, WorkZone), Ram Mohan (Afilias CTO and a member of ICANN's board of directors), Andrea Michalek (1800CTO, Topular, and a new startup, Plum Analytics), and Ed Watkeys (Half.com, Transmogrify, ActionX).
You can register for the event here. Additional Entrepreneur Summer Camp events will run through July 27.
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Labels: Peoplenews
Philly EnterpriseTech Highlights 3/5: eMoney Advisor, ERT, ACG Philly, J&J https://t.co/oNAFiqXdQL
— Tom Paine (@phillytechnews) March 6, 2019
New: Philly ACG SaaS & Tech Enabled Services Conference on March 12 in Philly; Big opportunity for area. https://t.co/kr85rOPRSK pic.twitter.com/xT8hcZiuoh
— Tom Paine (@phillytechnews) March 6, 2019
New: Veeva beats guidance; Announces President Matt Wallach will retire from Management; join board in 2020 https://t.co/P8b32buQ2M #VEEV pic.twitter.com/hOcAPGCf3f
— Tom Paine (@phillytechnews) March 6, 2019
Philly EnterpriseTech People News 2/17/2019: From Dorm Room Fund to Bessemer Partner; NBC/ Telemundo exec on Walmart board https://t.co/OEGBGH1pSq pic.twitter.com/lEMS7HPDIg
— Tom Paine (@phillytechnews) March 4, 2019
New: PE Hub Buyouts: Philly's InstaMed seeking buyer #InstaMedhttps://t.co/m8VwbtYX5Q pic.twitter.com/aeHhGSoZcg
— Tom Paine (@phillytechnews) March 4, 2019