Posted: February 7th, 2010 | Author: Chim | Filed under: Education, Food for thoughts, Fun, Startups | Tags: Business, Business plan, Education, Entrepreneurs, Fun, Interesting, Internet, Money, Social Network, Startups | No Comments »
Kwedit is a strange name for a payment company. This is a startup that offers a new form of payment to social and interactive games that allows people to buy virtual goods. The strange thing is that it allows people to “promise” to pay for a virtual good and the user can pay the promise later with a bar code in a 7eleven store.
Even though this seems to be a great innovation, the idea of printing a bar code and pay it in a retail store is nothing new to date. The strong differentiator of Kwedit is the idea of promising to pay later. I wonder what would happen if everybody promises to pay but none of the actually pays anything. I believe that the CFO of the company would be scare of the increase in the account payable of the balance sheet.
This type of payment for virtual goods reminded me of Habbo Hotel. Habbo is a Finnish company that started its virtual goods operations before the internet boom. It is probably the first company to have a business model based on selling virtual goodies to users. Interesting enough, Habbo targeted in a very narrow market segment. Its targets on teenagers that love to chat in pixel-lated environment.
Habbo and its many forms of payments.
Habbo offers 7eleven payments too. OK, they sell pre-paid cards and Kwedit doesn’t.
In my humble opinion, Sulake could have grown much more if it had focused on the virtual good market as a whole market instead of just that niche teenager segment. It could have created a strategic plan of reaching all types of games and services based on virtual goods. Well, other companies grew upon this model and they are newer than Habbo. C’est tant pis.
Posted: January 22nd, 2010 | Author: Chim | Filed under: Education, Food for thoughts, Groups | Tags: Entrepreneurs, Entrepreneurship, Interesting, Startups | No Comments »
CrowdFlower is a company that allows companies to outsource their repetitive tasks such as data verification and filtering. I think initially this can be very useful for internet companies that need to have content verification and data check services. Usually, it is not cheap to hire people to do this kind of job and the error rate is quite high for this type of repetitive task. I think the value proposition is to offer this type of service where companies do not have to hire people and have higher quality of service. It is a promising service.
The company received an additional of $5 million funding as stated from http://bits.blogs.nytimes.com/2010/01/20/crowdflower-raises-five-million-to-boost-crowdsourcing/.
Posted: December 29th, 2009 | Author: Chim | Filed under: Startups, Web 2.0 | Tags: Entrepreneurs, Entrepreneurship, Interesting, Market, Productivity, Startups, Tools | 1 Comment »
Spudaroo.com
Spudaroo.com is a website that allows people to pay 3rd parties to create website documents, business plan, blog content, slide presentation, and even resume for lazy people. This is a Canadian startup and I wonder how effective is to outsource this type of work to others. I can’t imagine someone who doesn’t know me to write up my resume. Even worse, it is not a great idea to ask someone else to write a business plan for you if that other person doesn’t know the business or the industry at all.
Lastly, I think the name is really hard to spell and search on Google. Though, it is creative.
Posted: December 27th, 2009 | Author: Chim | Filed under: Entrepreneurship, Food for thoughts, Tools, Web 2.0 | Tags: Startups, Tools, Useful, Web | No Comments »
It is so hard to come up with a nice name for startup or new blog when most of the basic names are all registered. Then, most people come up with strange or too creative names to their website which are hard to search. But imagine that you can search for domain names with prefix and suffix easily and Nomaine can provide that type of domain name search. I will use this tool and some others (Google Insight for Search) for domain name registration.
http://nomaine.com/
Posted: December 23rd, 2009 | Author: Chim | Filed under: Food for thoughts, Fun, Startups, Tools, Web 2.0 | Tags: Books, Internet, Productivity, Startups, Useful, Web | No Comments »
Bookhu is a book review website that shows if a book is read more by men or women. It is a food for thought website. It shows if I have more male or female preference. In my searches, most of my books related to entrepreneurship, venture capital and languages are read more by men. However, my books related to culture are read more by women.
