Amit Chowdhry | September 15, 2009 | 773 views | 1 Comment
Categorized under HealthyWage, Tony Hsieh

HealthyWage is a new service that focuses on rewarding people for working on being more fit. According to the company presentation, about $2.4 trillion is spent annually on healthcare in America. A majority of that amount goes towards chronic diseases caused by bad habits. These include obesity, diabetes, sleeping disorders, stress, and smoking.
Because of this problem, HealthyWage launched at the TechCrunch50 conference. Those that return to the website daily and report specific data about their habits can earn about $1,000. When registering for the website, participants answer questions as part of a health risk assessment.
People or companies can put down a $200 bet that they will get a certain BMI within a certain span of time. The people or companies will lose that money if the individual is unable to meet that goal.
Unfortunately the way that HealthyWage makes money is from the losers that cannot make their goals. HealthyWage would also make money by selling health history to food and drug manufacturing and retail companies. At the conference Tony Hsieh, CEO of Zappos said that he would use the service.
Amit Chowdhry | September 15, 2009 | 662 views | Add a Comment
Categorized under Adobe Systems Inc, Omniture Inc.

Adobe Systems Incorporated (NASDAQ:ADBE) announced today that have reached a deal to buy out Omniture, Inc. (NASDAQ:OMTR) for $1.8 billion. That is a 45% premium on Omniture’s closing price over the last 30 days. Omniture started in 1996 and has about 1,200 employees. The company made about $300 million in revenue as of December 12.
Shantanu Narayen, the CEO of Adobe said that this acquisition will be a “game changer” for the company. The acquisition indicates that Adobe has a major interest in providing analytics services for enterprises. “Adobe customers are looking to us for solutions to deliver engaging experiences and more effectively monetize their content and applications online,” stated Narayen said in a press release.
The deal is expected to close during Adobe’s fourth quarter of their fiscal year. Omniture will become a division of Adobe. Josh James, the current CEO of Omniture will continue to run the company as an Adobe SVP.
Omniture started in 1996 and acquired four companies for over $511 million. These four companies included Mercado ($6.5 million), Offermatica ($65 million), Touch Clarity ($51.5 million), and Visual Sciences (formerly known as WebSideStory-$394 million).
To gather analytics for their clients, Omniture uses cookies to track consumer habits. One of the domains that Omniture uses is 2o7.net. Adobe was one of their clients before the acquisition.
Amit Chowdhry | September 15, 2009 | 1,738 views | Add a Comment
Categorized under Apple Inc., Bruce Sewell, EMC Corporation, Intel, Pat Gelsinger, Suzan Miller

Intel Corporation (NASDAQ:INTC)’s top lawyer Bruce Sewell and SVP of Digital Enterprise both stepped down this week. The departures come off as a surprise to the company as Gelsinger was supposed to give a keynote speech at the Intel developer forum and Sewell lead the fight against the EU’s antitrust allegations.
Both Sewell and Gelsinger are joining other major corporation. EMC Corporation hired Gelsinger as the President and COO of information infrastructure products. Sewell is becoming the General Counsel and SVP of Apple Inc.
Since Intel’s CEO Paul Otellini is relatively new to the position, it was uncertain that Gelsinger would have a chance at becoming CEO of Intel. Gelsinger may have a better chance becoming CEO of EMC down the line. Suzan Miller, the Intel deputy general counsel will fill in for Sewell temporarily.
Daniel Cooperman, Apple’s General Counsel and SVP of Legal and Government Affairs is retiring at the end of September which opened up the position for Sewell. “We are thrilled to have Bruce join our executive team, and wish Dan a very happy retirement,” stated Apple CEO Steve Jobs in a press release. “With Bruce’s extensive experience in litigation, securities and intellectual property, we expect this to be a seamless transition.”
Amit Chowdhry | September 15, 2009 | 1,636 views | 2 Comments
Categorized under Dan Ariely, Marc Rochman, Paul Milgrom, RackUp.com

RackUp.com is a service where people bid on the value of gift cards in quick auctions. Whoever bids first will receive more value on their gift card based on how many bidders join in. If you are in the top 10 winners, then your card will be worth the amount that you put a bid in for and you will also win a free cash bonus.
RackUp already has over 20 retail partners and they have raised $3.5 million in seed capital from angel investors. RackUp is lead by Marc Rochman. Board members include Stanford professor Paul Milgrom and Duke professor Dan Ariely. Some of the brands participating in RackUp services include American Airlines, Nike, and Travelocity.
The service is legal and not considered gambling because you don’t have to pay in order to participate and you don’t lose money, only win more value. The goal of RackUp is to bring “Black Friday” to people’s lives everyday. The service was launched out of stealth mode at the TechCrunch50 conference.
Amit Chowdhry | September 15, 2009 | 722 views | Add a Comment
Categorized under Nikhyl Singhal, SayNow

If you want to send a voicemail over to Soulja Boy, the Jonas Brothers, Tila Tequila, Dane Cook, Carmelo Anthony, Tori Spelling, Katy Perry, or LMFAO there is a way to pull it off. SayNow, a Silicon Valley based startup company accepts voicemails from fans and allows the celebrities to personally check them. SayNow supposedly receives about 10 million voicemails per month as of right now.
According to Nikhyl Singhal, one of the founders of the company, SayNow’s usage doubled in the last year. SayNow started four years ago with about $6 million in funding. SayNow users can also subscribe to celebrities so that they will be alerted when they leave a new message for the fans.
SayNow also recently launched a “live” feature where the celebrity hosts a conference call where they respond to the messages that they have received or provide updates while thousands of fans listen to them on mute.
SayNow’s advantage over Twitter and Facebook is that it is difficult to fake a voice, but it is easy to create fake celebrity Twitter accounts. Jonah Hill’s fake Twitter account was a perfect example. The fake Twitter account even trash talked Jon Favreau to the point where Hill actually had to call him and apologize.
Amit Chowdhry | September 15, 2009 | 1,337 views | Add a Comment
Categorized under Founders Fund, Geoffrey Lewis, Peter Thiel, The Founders Fund, Trevor Austin, Udorse

Udorse is a visual endorsement engine that launched at TechCrunch50. The company raised $500,000 in seed funding from The Founders Fund and Peter Thiel joined the Board of Directors. The idea behind the website is that people endorse items they love in the form of pictures. This could include t-shirts, watches, cufflinks, etc. Udorse encourages users to endorse items and places in photos by tagging them. They places or items in the photos are tagged to websites.
For example, if you want to endorse the new Ray-Ban sunglasses you bought, you are encouraged to tag them in a picture of yourself wearing them to a website where others can buy it. The brands will appreciate the free endorsement too. Udorse even has several partners. If sales are made by your referral picture, then you get a cut too.
Udorse even allows you to connect your Facebook Photos to your Udorse account, making it easier to tag the photos initially. The person that highlights the item receives a 25% commission fee if another person purchases the item. As of yesterday Armani and American Apparel partnered with Udorse. Udorse was founded by Geoffrey Lewis and Trevor Austin.
Video demo available after the jump.

Amit Chowdhry | September 15, 2009 | 808 views | Add a Comment
Categorized under Dmitry Shapiro, Universal Music Group, Veoh, Veoh Networks, Vivendi, Vivendi SA

“Veoh has shown that when it did acquire knowledge of allegedly infringing material — whether from DMCA notices, informal notices, or other means — it expeditiously removed such material, and UMG has failed to rebut that showing,” stated a court order by the U.S. District Court for the Central District of California. The Court made a ruling against Universal Music Group for its 2007 lawsuit against Veoh Networks Inc. Whenever Veoh received a DMCA takedown notie, they quickly reacted and removed the material.
UMG failed to show an appropriate rebuttal of Veoh’s proactive removal of copyrighted material. Universal said that the ruling was “wrong” and that they plan to appeal. “The balance between copyright holders and technology that Congress sought in enacting the DMCA has been upended by this decision,” stated Universal Music. The Veoh vs. Universal Music lawsuit was closely watched by media companies because Viacom has a pending lawsuit against Google over copyright material being uploaded on YouTube.
Dmitry Shapiro, the founder of Veoh said that the lawsuit was costly and dragged on for two years. Veoh has venture funding from Goldman Sachs, Time Warner, Spark Capital, Intel, etc.
Veoh raised about $70 million in total funding and is not profitable as of yet, but they expected to be by the second quarter of 2010. Veoh is exploring the possibilities of either selling themselves or raising additional investment.
Amit Chowdhry | September 15, 2009 | 597 views | Add a Comment
Categorized under Jun Hasegawa, Kenny Lum, LIFEmee, Shinji Nukumi, Toshiyuki Sasaki

LIFEmee is a Tokyo, Japan based web company that focuses on managing your online persona from the day you are born until the day you die. This is a pretty ambitious company because this is assuming that the company will last a human lifetime. As the Internet bubble bust proved, it is hard for some web companies to even make it one decade.
Some of the data that LIFEmee encourages users to maintain on their website include a daily diary (“MyLife”) and list past significant events of your life (“MyHistory”). LIFEmee even encourages users to place their Last Will and Testament on the website.
All of the data that is plugged into LIFEmee is formed in a timeline format. Information can be made public or private. LIFEmee is currently in alpha mode and has launched yesterday. The company has $100,000 in funding and was founded by Shinji Nukumi, Jun Hasegawa, Toshiyuki Sasaki, and Kenny Lum.