y combinator - ReadWriteWeb http://www.readwriteweb.com/feeds/tag/y combinator en Copyright 2012 Richard MacManus readwriteweb@gmail.com Tue, 14 Feb 2012 18:04:00 -0800 http://www.sixapart.com/movabletype/?v=4.35-en http://blogs.law.harvard.edu/tech/rss Keep Track of Future Plans and Friends' Activities With WhereBerry whereberry150.jpgAs location-based social networks have become more popular, we've grown fairly comfortable with checking in places and letting friends know where we are or where we've been. Some of those services also allow users to leave reviews and recommendations, notifying others about our experiences there. But none of these sites are really ideal for keeping track of locations you might want to visit in the future, events you might want to attend, or experiences you might want to have. If a friend tells you, "Next time you're in Eugene, Oregon, try the pulled pork sandwich at Papa's Soul Food Kitchen," you might make a mental note, but there isn't really an app that will help you keep track of these sorts of recommendations and plans from friends all in one place- until now.

WhereBerry, a Y Combinator-backed startup, launches today to tackle this problem of tracking and sharing plans - both specific and "someday." Friends can be invited to join the activities and can comment on the proposed plans as well.

]]> whereberry_mobile_screenshot.pngWhereBerry allows for a very free-form entry of data. Unlike services like Plancast that are really geared towards events, WhereBerry allows these future activities to take any shape: it could be an event like a music concert. It could be an event like a future film release. It could be something like a hike you'd like to take at the coast, a museum you'd like to visit in another city, or a restaurant you'd like to eat at in another country.

Recommendations from Friends, Not Algorithms

At this stage, the startup isn't using any sort of algorithm to recommend activities to users. Instead, it uses their social graph to point to what others in their network are doing. That makes these recommendations quite different from, say, Yelp where you are taking suggestions often from total strangers. "Jessica K." might say that this is the best Chinese restaurant in the town, for example, but who is "Jessica K"? Do you trust her?

WhereBerry utilizes your Facebook social graph to build out your friends list initially (and thus assumes you trust your Facebook friends' recommendations on activities). All the information posted to WhereBerry is public, but much like Twitter's model, you can choose to follow different people.

This publicness may seem different than a number of new startups like Path that are emphasizing smaller, more private social networks. But according to WhereBerry co-founder Nick Baum, the sorts of data that people will share via the site isn't really that private. Moreover, by opening up this information and by revealing potential future plans with their friends, people might find others who are interested in coming along.

Baum told me of an elaborate Google Doc that he'd created and shared with friends - a spreadsheet tracking concerts he was interested in attending, with columns for dates, friends with tickets, and friends interested in going. Although the shared spreadsheet was a success - Baum attended more concerts than he would have otherwise - he thought there must be an easier way of repeating this sort of planning. Hence the idea for Whereberry.

Baum is joined by co-founder Bill Ferrell. Both are ex-Googlers, opting to leave the search engine giant to start their own company instead.

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http://www.readwriteweb.com/archives/keep_track_of_future_plans_and_friends_activities.php http://www.readwriteweb.com/archives/keep_track_of_future_plans_and_friends_activities.php Location Tue, 17 May 2011 09:15:31 -0800 Audrey Watters
GiftRocket: Send a Gift Card to Anyone, Anywhere giftrocket150.jpgOn one hand, I'm a big fan of the gift card. I never know what to buy people, so gift cards always seem like a good option. On the other hand, gift cards can be frustrating, particularly if I want to get one to a particular local business and not just a major chain. A lot of sites don't offer gift cards, and if they do, you have to actually go into the shop to purchase one - that's a pain when your family is spread all over the country. And it's a pain for recipients to have to keep track of little gift certificates or plastic cards.

Thankfully, GIftRocket has rebooted the whole process, with a really innovative solution that should please merchants, gift-givers, and recipients alike.

]]> GiftRocket works as a peer-to-peer gift card, bypassing the merchant entirely. You can send a gift card via the startup's website. It uses Yelp as its directory of merchants, so you can create a gift card to use any store, restaurant, bar, hotel, and so on that's listed in that database. (That's pretty much every business.)

The recipient of the card will receive a message notifying them of the gift, and when they arrive at the location, they can follow the link in the email, allow their phone to confirm their geo-location, and presto - the money is transferred to them, via PayPal.

Sending and receiving a gift via GiftRocket is incredibly easy, and ease-of-use is one of the main things that the company is trying to address. But there are other benefits too: there's no card or certificate to carry around; there's no leftover change on the card; there's no expiration date.

There is, however, a fee to send a card this way - $1 plus 5% of the total of the card. The works out to $2 for a $20 gift card. While most "traditional" gift cards are free, it's worth paying a little bit extra in order to have the convenience of GiftRocket and the completely open selection of merchants where cards can be redeemed.

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Giftrocket thinks this will be a boon for small businesses too, most of which don't have gift card programs. Those can cost businesses a significant amount of money, and since Giftrocket actually doesn't require merchants' participation, there are no set-up fees. There's just a snippet of code that, should they decide to do so, businesses can add to their websites to let customers know that their gift cards are "Powered by GiftRocket."

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http://www.readwriteweb.com/archives/giftrocket_send_a_gift_card_to_anyone_anywhere.php http://www.readwriteweb.com/archives/giftrocket_send_a_gift_card_to_anyone_anywhere.php Mobile Wed, 13 Apr 2011 14:45:36 -0800 Audrey Watters
Chirply Crowdsources Greeting Card Designs, A Threadless for Stationery chirply150.jpgHallmark spends some $60 million a year on designs for its greeting cards, and yet - with apologies to those artists - it can still be quite a challenge to find the just the right card. Frankly, a lot of cards are ugly. They're tacky. They're sappy.

So Y Combinator alum Chirply is taking on the greeting card industry by crowdsourcing stationery designs. Chirply had its soft launch a few weeks ago, soliciting designs and voting, and the startup is now ready to open its doors to the retail business.

]]> Crowdsourcing has become a popular alternative to the pre-packaged imagery that appears on clothing, with companies like Threadless offering crowdsourced designs on t-shirts and clothing. Chirply works in a similar fashion: designers submit their images. Visitors to the site get to vote on submissions. And the most popular designs become products for sale.

chirplyss1.jpgChirply's greeting card cost $4 (with shipping included in the U.S.) and users can buy any 10 designs in a mix-and-match pack for $25. The cards are all 100% recucled, 100% post-consumer waste. In addition to greeting cards, Chirply also offers the designs printed on notebooks and on wrapping paper.

This is great news for consumers (because, come on, we are socially obligated to buy greeting cards and we spend an inordinate amount of time sighing at the selection). But more importantly, Chirply is great news for designers.

Co-founders Gagan and Neel Palrecha care a lot about the design community, and they want to insure not only that the Chirply has beautiful designs for consumers to vote on and purchase, but that designers can participate in a site that showcases their work and compensates them fairly. Chirply doesn't ask designers to submit their original files, for example, just composites (until their submissions are voted on to be printed, of course). And Chirply pays artists a flat fee ($300) up front when their designs are selected, in addition to paying royalties based on sales.

Since Chirply's soft launch, this approach does seem to be working, as the startup has attracted some high quality submissions. That has piqued visitors interest, who on average cast about 30 votes, often over multiple sessions. The top cards on the sites have received well over 500 votes, in just under 5 weeks.

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In addition to opening its retail store today, Chirply is announcing a round of funding, from a lost list of investors including Keith Rabois, Dave McClure, Mitch Kapor, Charles River Ventures, and others.

An added bonus: ReadWriteWeb readers can get 30% off their orders if they use the code "RWW" during checkout.

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http://www.readwriteweb.com/archives/chirply_crowdsources_greeting_card_designs_a_threa.php http://www.readwriteweb.com/archives/chirply_crowdsources_greeting_card_designs_a_threa.php Art Thu, 07 Apr 2011 11:00:00 -0800 Audrey Watters
Ready For Zero - Bringing Transparency to Online Debt Management rfz150.jpgAs of June of 2010, the total U.S. consumer debt was $2.40 trillion. As much as 98% of the revolving debt in the U.S. is credit card debt, and the average household carries about $8000 in credit card debt. As daunting as those statistics are for the country as a whole, the choices faced by the individuals who are in debt and who want to eliminate it are just as depressing.

Information about debt reduction can be difficult to find, and there are plenty of questionable practices by banks and by debt consolidation companies that just serve to muddy the waters.

So making the task of tackling your debt easy and transparent is a big part of the mission of the YC-backed company Ready for Zero. Ready for Zero a free service with a very simple interface that helps clarify your financial status and plan your way out of debt.

]]> Much like Mint.com, you sign up and link your credit card information, and then Ready for Zero offers you counselling based on your interest rates, balance, and target date for being debt-free.

The emphasis here is on transparency and interactivity, and users can see how adjusting payment amounts, for example, change their status. The software also offers other advice, including tips on how and when to approach a bank to renegotiate your interest rate.

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Launched last month, Ready for Zero co-founder Rod Ebrahimi says that the system is already tracking $29 million in credit card debt.

But it isn't simply a matter of tracking - and helping users track - debt. Ready for Zero has recently partnered with the peer-to-peer lending network, Lending Club. By monitoring its users debt and their work towards paying it off, Ready for Zero can give a snapshot of one aspect of someone's financial health, and Ready for Zero makes it easy to share that with potential lenders at Lending Club. This means that people can apply for P2P debt consolidation loans at rates that are typically far lower than other banks and lending institutions.

As the startup expands, Ready for Zero says it plans to eventually give users the option to make payments, not just monitor payments, through their interface. "We're just three guys and we're a technical team," says Ebrahimi. But the startup is hoping that by merging that technical expertise with more open data, that Ready for Zero can scale up while helping the rest of us scale back our debt.

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http://www.readwriteweb.com/archives/ready_for_zero_-_bringing_transparency_to_online_d.php http://www.readwriteweb.com/archives/ready_for_zero_-_bringing_transparency_to_online_d.php Finance Wed, 16 Mar 2011 08:49:22 -0800 Audrey Watters
Real-Time, Web-Based Group Messaging with Convore convore150.jpgThe Y-Combinator-backed startup Convore launches today, boasting one of the easiest ways to handle group-chat.

Convore is a real-time communication tool, but unlike many other apps that offer group chat, Convore runs in your browser and doesn't require a download or chat client. "Basically, it's a contemporary version of IRC," says co-founder Leah Culver.

]]> There is no shortage of companies who have tried to tackle group messaging - big names like Yahoo, Facebook, Google, Skype. But what Convore has built is clean and simple, fast and free.

Convore supports both public and private groups. Currently, based on the activities of the alpha-testers, the topics of the public groups veer towards tech, movies, and "who's up late at night coding," but users are able to create their own.

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Within each topic are a number of threads, and within these are conversations, updated in real-time. This makes Convore feel like a blend of forum and chat. When you log into the site, you can see the conversations that have occurred while you were offline, and - a great feature - when you step back in to chat, Convore scrolls to the point where you left off, so you can read to catch up.

Culver is joined by co-founders Eric Florenzano and Eric Maguire. The three have built the real-time technology upon which Convore runs. It uses what Florenzano describes as "long polling, which means that on every page, the browser opens a connection that talks back to some proprietary technology we've built to speak to a cluster of Redis servers. We have some technology that parses each message for links, for embedded images, and constructs some structured data about the message, and then sends it out to everyone in the group via Redis."

You can sign up for Convore now and take it for a spin.

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http://www.readwriteweb.com/archives/real-time_web-based_group_messaging_with_convore.php http://www.readwriteweb.com/archives/real-time_web-based_group_messaging_with_convore.php Real-Time Web Wed, 09 Feb 2011 11:05:00 -0800 Audrey Watters
Creator of Gmail Leaves Facebook, Joins Y Combinator as Partner Y Combinator, the seed investing and startup incubating powerhouse, announced this morning that it has added its first two new investment partners since launching five years ago.

They are: Paul Buchheit, creator of Gmail, the prototype for Adsense and the Google slogan "don't be evil" and Harj Taggar, a Y Combinator employee who previously built and sold an eBay auction automation software company. Buchheit will reportedly leave Facebook to join the incubator. Y Combinator helps build small startups, runs the widely-appreciated Startup School and owns the startup-focused social news site Hacker News, among other projects.

]]> Y Combinator founding partner Paul Graham was short and to the point in his announcement this morning, writing simply that the organization was "delighted" to add Buchheit and Taggar. In addition to Graham, the new additions to the partner roster will join bot-guy Trevor Blackwell, author Jessica Livingston and MIT prof Robert Morris.

Liz Gannes wrote an in-depth profile of Y Combinator this Summer at Gigaom. The organization has experienced remarkable success with startups and exercises significant influence over the startup ecosystem. It's a model for many other seed investment organizations, but its strongest competition for mindshare is Colorado-based TechStars.

Buchheit Leaving Facebook

The LA Times says Buchheit's joining Y Combinator means he's leaving Facebook today, as well. That's interesting, because the man made wealthy by his work at Google said this Fall that he believed Facebook has the potential to be worth more than Google. Buchheit has been at Facebook since his startup FriendFeed was acquired by the giant social network. FriendFeed co-founder Bret Taylor has since become Facebook's Chief Technology Officer.

There's a saying that says some people like to help make big companies great and others prefer to help make great companies big. Joining Y Combinator may be Buchheit's best opportunity for the latter.

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http://www.readwriteweb.com/archives/ycombinator_venture_partners.php http://www.readwriteweb.com/archives/ycombinator_venture_partners.php News Fri, 12 Nov 2010 09:45:18 -0800 Marshall Kirkpatrick
Ron Conway Shares Anecdotes about Early Days with Google, Napster, and Facebook Founders ronconway_img.jpg"It's not lost on me that the future of innovation is in the minds of the people sitting in this room," said angel investor Ron Conway, addressing a crowd full of entrepreneurs at Startup School today. One of the 11 speakers at today's event, co-sponsored by Y Combinator and Stanford University's BASES.

Known as the premier angel investor, Conway admitted that he had fretted about what the content for today's lecture should be, but with some urging from YC's Paul Graham, Conway opted to simply tell a few stories of how he had met a number of today's strongest tech companies: Napster, Google, Facebook, and Twitter.

]]> Conway started his tales with the background of his co-founding of Altos Computers in 1979, noting that in its day it was a very disruptive technology. "It was a typical startup," said Conway, but he described an investment environment that was much different from today's. Then, you had to bootstrap your company and have some level of profitability if you were going to get VC funding.

Although going public with Altos was a huge win for Conway, he argued that he defines success by having what was, at the time, the fastest growing company in America. "And that was more satisfying than getting rich."

And the message Conway repeated to the crowd at Stanford today: "You can do it too."

Napster's Shawn Fanning: Superstardom and Borrowed Suits

shawnfanning_time.jpgConway told of a party at his house in 1999, at the top of the Internet bubble. With 40 million users at the time, Napster founder Shawn Fanning had a large crowd around him the whole time at the party. "I'm going to go talk to the two wallflowers over there, Larry and Sergey," said Conway, who told the investor that "We're going to build a big company too, but we will never be famous like Shawn."

Conway pointed out that Fanning managed to cultivate a strong brand name with Napster, and while Napster didn't survive, Fanning used that brand name to build future companies. When Napster lost its first court ruling, said Conway, Fanning showed up in a suit he'd borrowed, as he'd never worn one before.

But as Conway noted, Fanning was smart enough to know that once Napster found itself in the courts that things were probably all over. And Fanning was perceptive enough, despite his young age, to be ready to move on to his next idea and his next company.

Building a Good Service, Building a Good Brand Name, then Monetizing: Early Google

sergey_larry.jpgWhen Google was looking for its first VC round, the founders told Conway that if he could help the company secure investment from Sequoia that they'd let him invest as well. Criticizing some of the recent protestations about valuations of startups, Conway noted that the valuation of that round was $75 million - "and every one of us felt lucky to get in on it."

Conway talked about the attention that Larry and Sergei paid to learning how to become good CEOs. And he said that the important things to the founders of Google was providing a good service, making users happy, and building a good brand name. And then monetize.

Conway also related an anecdote when Sheryl Stanberg approached Conway as Google thought it was running out of money. Ten days later, Conway joked, Google changed its mind as "AdWords started working."

What The Social Network Gets Wrong about Zuckerberg

zuck_ron.jpg"Zuck," says Conway, "meets the definition of 'anyone can do it if they think big.'" Railing against the depiction of the early days of Facebook as chronicled in The Social Network, Conway insists that Zuckerberg was not partying all the time. Nor was he sitting in depositions five days a week, arguing with lawyers. Rather, "he was working his tail off like any good entrepreneur."

Conway argued that Zuckerberg has had a consistent vision about what Facebook is, something that isn't evident in the film. "How are you going to measure success with this thing called 'social networking'?" Conway asked Zuckerberg in an early interaction. "Because some day I am going to have 300 million users using this product," was Zuckerberg's response. Something that demonstrates the founders humility, says Conway.

The Origin and the Definition of "Founder Friendly"

"Once an entrepreneur, always an entrepreneur," said Conway. You don't need to have a business plan or an MBA. All you need, says Conway, is a great idea. Anything is possible and you can accomplish it.

Demonstrating how he has been known as not just an early investor but a strong ally and advocate for startups but also alluding to some of the recent "Angelgate" controversies, Conway ended by saying "entrepreneurs build companies and should be the one who are the focus of the stories" the press writes - not investors.

"Never forget it's your company," said Conway. "It's the founder's company."

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http://www.readwriteweb.com/archives/ron_conway_shares_anecdotes_about_early_days_with.php http://www.readwriteweb.com/archives/ron_conway_shares_anecdotes_about_early_days_with.php Business Sat, 16 Oct 2010 15:45:10 -0800 Audrey Watters
Google Acquires reCAPTCHA to Fight Spam and Improve Google Books OCR recaptcha_logo_dec08.pngGoogle just announced that it has acquired reCAPTCHA, one of the leading providers of CPATCHAs, the hard-to-read puzzles you often have to solve before you can sign up for a new web service. Google, of course, isn't so much interested in owning software that can generate CAPTCHAs - that's an easy problem to solve - but is looking at reCAPTCHA as a way to improve the optical character recognition (OCR) software it uses for large scale text scanning projects like Google Books and the Google News Archive Search.

]]> According to Google, reCAPTCHA is currently in use on over 100,000 websites to prevent spam and fraud. the reCAPTCHA team, which is currently based at Carnegie Mellon University, will join Google.

Solving CAPTCHAs to Transcribe Books

recaptcha_book.pngWe took detailed looks at reCAPTCHA and how it works last September and in early 2007. In short, reCAPTCHA has found a nifty way to crowdsource book transcriptions. When users solve a CAPTCHA through reCAPTCHA, the software will give users two words: one with a known answer (the control word) and one where the OCR software wasn't quite sure what the word was. Once a certain number of users have solved the suspicious word with the same result, it becomes a control word itself and the OCR software can learn this word.

Now, Google will be able to use this same technology to improve its own OCR efforts. Google currently makes over 1 million out-of-copyright books available for download through Google Books and one of the main arguments against these books has been the fact that these texts are not edited and include a lot of OCR errors. With reCAPTCHA, Google could potentially bring the error rate down dramatically and make Google Books even more useful.

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http://www.readwriteweb.com/archives/google_acquires_recaptcha.php http://www.readwriteweb.com/archives/google_acquires_recaptcha.php News Wed, 16 Sep 2009 09:58:19 -0800 Frederic Lardinois
An Inside Look at Y Combinator 3 year old seed fund Y Combinator has funded over 80 companies and seen a handful through to Series A round funding or successful exits. Given the amount of money that Y Combinator invests in each startup (in the order of $10-20k), it would be hard to classify their oft emulated model anything but a success. Though many of Y Combinator's alumni have blogged about their experiences, what it's like to be one of the few companies selected to live in Cambridge, MA or Mountain View, CA each year remains something of a mystery to anyone who hasn't lived it.

]]> Starting this week, Michael Parkatti and Mike Marrone will be keeping a weekly diary of their experiences as one of the 22 teams selected for Y Combinator's summer session in Cambridge, Massachusetts at the Globe and Mail web site. Canadian natives, Parkatti and Marrone hope to launch their YC project later this summer.

"Beyond merely documenting what I observe around me, I hope to provide an honest reflection of what's it's like to create free enterprise from its most humble tenements," wrote Parkatti in the opening diary.

The two Mike's both left what they refer to as "fairly comfortable employment" to pursue their dream of starting a web company through the Y Combinator program; Parkatti left a Canadian startup, and Marrone left Yahoo! "I suppose you could characterize it as a feverish search to find my true professional identity," says Parkatti of his resume.

It's easy to tell that Parkatti and Marrone are smart people. This one is definitely being added to my RSS reader (or at least, it would be if the Globe and Mail site offered an RSS feed of it -- unfortunately, they don't appear to).

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http://www.readwriteweb.com/archives/an_inside_look_at_y_combinator.php http://www.readwriteweb.com/archives/an_inside_look_at_y_combinator.php Trends Tue, 10 Jun 2008 06:00:01 -0800 Josh Catone