Posts Tagged ‘Online’

Digital Wallet Battle Heats Up As Visa And MasterCard Enter The Game

This week, two of the major players in the credit card industry, Visa and MasterCard launched their online digital wallet services. Known as V.me (Visa’s) and PayPass Wallet Services (MasterCard), both are very similar initiatives which see the companies clamoring to become the credit card of choice for digital transactions, the way they fight today to be the credit card for all the other transactions taking place out there in the real world. And, to be clear, a “digital” wallet isn’t necessarily the same as a “mobile wallet,” although a digital wallet service could also be housed in a mobile app interface, as both MasterCard and Visa plan on offering in the near future. While neither of these companies are the types of early stage startups TechCrunch typically favors, their moves will have an impact on a number of companies already operating in this space, like PayPal and Square , as well as those that aim to disrupt the payments industry like Dwolla . Below are the details of what was announced and how the two services compare. Visa V.me Visa’s digital payments service, V.me , wants to make it easier for consumers to shop online, whether via web, mobile or tablet. The service is effectively a digital wallet, which stores not only your Visa card information, but also your MasterCard, American Express and Discover cards. When you’re on a supported merchant’s website, instead of entering in your payment information and shipping preferences manually (as is par for the course today), you only have to enter in your V.me email and password. The merchant still receives your payment through Visa’s network, but your 16-digit card number is not displayed on the site, which adds another layer of security to the transaction. In the future, Visa plans to introduce a mobile payments element to the service as well by leveraging NFC, QR codes and “other technology,” which would allow you to tap your phone to a secure reader at the point-of-sale in order to pay for your purchase, scan a QR code or perform some other type of interaction. Support for offers based on your activity and interests will be rolled out later on, too, the company says. This week, Visa took a major step in making the V.me service a reality. The company announced its beta launch, with its first online merchants, PacSun.com and Buy.com, adding support for the program on its site. The V.me acceptance mark is now visible on the login and checkout pages of both sites. Visa says it’s currently focused on scaling V.me within the U.S. market, but a global rollout is on its roadmap. Over the coming months (Visa won’t provide exact dates), V.me will launch on a number of other e-commerce sites. MasterCard PayPass Wallet Services MasterCard, too, has its own take on digital wallets, and unveiled its new PayPass Wallet service this week. The PayPass Wallet is an extension to MasterCard’s already fairly well-known PayPass brand, which offers tap-and-go, NFC-enabled payments that work via PayPass-enabled (NFC) phones, cards, key fobs, or mobile tags at over 441,000 locations worldwide. The same credentials stored in the digital wallet for online payments (PayPass Wallet) can also be accessed for tap-and-go purchases on an NFC-enabled phone through a mobile app. Like V.me, MasterCard’s PayPass Wallet is an open solution, and allows consumers to add their Visa, American Express and Discover cards, whether credit, debit or prepaid. It also keeps your shipping info on file, for faster online checkouts. And, like V.me, PayPass Wallet is making a splash with some big-name launch partners. In this case: American Airlines and Barnes & Noble. Both merchants will incorporate the PayPass Online checkout button on their websites, and American Airlines will go a step further and integrate PayPass Wallet into its own mobile application. Other merchants committed to the solution include  Jagex, JB Hi-Fi, MLB Advanced Media (MLB.com), Newegg, Runningshoes.com, TigerDirect.com and Wine Enthusiast Companies. Several banks are on board too, including Banesto, Bank of Montreal, Commonwealth Bank, Citibank, EURO6000, Fifth Third Bank, Grupo Banco Popular, Grupo BBVA, ICBA, Intesa Sanpaolo, Metro Bank, National Bank of Canada, PSCU, RBS Citizens Financial Group, SEB Kort AB Sweden, Sovereign Bank, Swedbank Sweden and Westpac. The solution will be offered as a white label, meaning banks, merchants and other partners can use the PayPass Wallet platform within their own digital wallets. This option will go live by Q3 2012, initially in the U.S., Canada, U.K. and Australia. Finally, like V.me, MasterCard’s PayPass Wallet will roll out to point-of-sale and as a mobile application in the future, but MasterCard isn’t providing exact timeframes on when those solutions will arrive. The mobile app, though, is not necessarily being targeted at consumers, but at the banking partners. “This initiative provides issuers with a turnkey solution to quickly launch a wallet with their own branding using our reference wallet or the freedom to connect their own wallet into our PayPass network,” explains Ed Olebe, Senior Vice President and Group Head, Emerging Payments, MasterCard. “PayPass Wallet Services will accept all credit, debit and prepaid MasterCard, American Express, Discover and Visa cards as long as the merchant or financial institution accepts those cards,” he says. Those with an NFC phone can continue to tap-and-go as they do now, but soon, both NFC and non-NFC users will be able to take advantage of the other benefits of the PayPass platform, including at-a-glance account information which you can peek at prior to making a purchase, spending controls, real-time alerts, and, of course, coupons and targeted offers. The above solutions from the top two credit card companies are notable because of their news this past week, but they’re far from being the only competitors in the space. Outside of startups like Square and PayPal, mentioned above, Google is dabbling with its own mobile wallet/mobile checkout play called Google Wallet and the U.S. mobile carriers are ramping up a mobile payments initiative called Isis. (Worldwide, other carriers have their own programs, too). However, in terms of credit card companies, American Express is another important player in the space. With its previously announced Serve platform, it’s not only competing head-to-head in the online payments space, it’s also working to enable other features like peer-to-peer payments, for example. With so many similarities between the services and some confusion on branding, the problem will soon become one of too much choice. Should you go with V.me or MasterCard’s PayPass (or a PayPass Wallet rebranded by your bank, perhaps?), Serve or PayPal? Wait, PayPal works at point-of-sale too ? Does Google Wallet work on my phone ? What’s Isis ? Although the names of the credit card companies are already familiar, the programs themselves are not. All the players will need to work to deliver clear messages to consumers about what they can and cannot do.

Report: Thompson Out, Media Man Levinsohn In As Yahoo’s Interim CEO

We’re still confirming the news with Yahoo but AllThingsD’s Kara Swisher is reporting that as of tomorrow, Scott Thompson will be leaving his role as CEO of Yahoo, and getting replaced, on an interim basis, by Ross Levinsohn, currently the global media head.  Update : Thompson’s now officially out and Levinsohn’s in. Read the updated report  here . Thompson’s position has been mired in controversy since news broke the other week that he had lied about his qualifications — and that situation seemed to be going from bad to worse as the company failed to act on the news in any significant way — and Thompson remained in control. Some may even find the method in which he is finally going unsatisfactory: the company will apparently cite “personal reasons” for his departure, according to AllThingsD. Levinsohn, currently still the global media head overseeing advertising across all of Yahoo, had previously been the head of Yahoo’s Americas unit, a position he had held from November 2010. On paper, he is much closer to Yahoo’s core business operations than Thompson, who came to Yahoo from his past role as head of PayPal: in addition to the advertising experience, Levinsohn’s background includes three years as MD of Fuse Capital, a media/tech investment firm; and before that he put in time at News Corp as the head of Fox Interactive Media — the company’s big push into digital that included MySpace, their mobile business and other digital efforts, some $1 billion in acquisitions in all. Yahoo’s content business has downsized significantly as the company has streamlined operations — for example, Thompson announced the closure of some 50 properties in April — but there are still some significant opportunities there that, if Levinsohn really does come into the role and stays for more than the blink of an eye, you can see him working to tease out. Back in September 2011, Levinsohn noted that News was Yahoo’s biggest property and that it was seeing traffic of 40 billion pageviews across all of its properties, with six billion of those on news. The key, he said at the time, was to monetize that traffic better by getting people to spend more time on Yahoo’s sites. He didn’t rule out closer relationships with other online content companies like Hulu as one route to getting those minutes spent on Yahoo’s sites up. Swisher’s report also mentions that Daniel Loeb, the activist shareholder from Third Point who has been clamoring for board changes at the company, is also set for some potential vindication: she writes that he is set to get three board seats, including media executive Michael Wolf and “turnaround specialist” Harry Wilson — who are set to join as five current Yahoo directors step down with immediate effect. New director Fred Amoroso, who has been investigating issues raised by Loeb, will be named chairman of the board, she writes. Note: none of this has yet been confirmed with Yahoo directly yet. We have reached out to Yahoo for confirmation and more details and will update this story as we learn more.

WeVideo Raises $19.1M For Cloud-Based Collaborative Video Editing Platform

WeVideo has just secured $19.1 million for its cloud-based collaborative video editing platform, in a round led by Crest Capital Ventures of Houston, Texas. The company says it plans to use the funding to further ramp up its development team. Unlike desktop editing software, which is restricted by computer hardware limitations, WeVideo’s online video editing solution can scale up processing speeds on demand, based on an end user’s needs. As users move up through the company’s paid tiers, speeds increase, as does the available storage space and video resolution. For those unfamiliar with WeVideo, the Sunnyvale, Calif.-based startup first launched in fall 2011, and is a spinoff from a European venture called  Creaza , which offers a similar, but education-focused, movie editor to a quarter million students across Europe. In addition, videographers can collaborate on projects together, where all project members can share their video clips via a single interface. (This feature is available to paid users only). WeVideo’s free version offers 1 GB of workspace and scales up to offerings that range from $6.99 to $79.99 per month for 10 to 100 GB of workspace, as well as varying export qualities and additional features. An enterprise version is offered, too, with pricing on request. The company is notable for having formed a partnership with YouTube  in October which saw it integrated directly on YouTube’s website at  YouTube.com/create . WeVideo also recently celebrated its commercial product launch , a partnership with Qatar Foundation International (www.qfi.org), adoption by Startup Idol and the TechZulu news organization, the launch of a power video editing app for Android tablets and more. So yep, they’ve been busy over there at WeVideo. CEO Jostein Svendsen previously estimated the service would amass over a million users by year-end 2012. (They had over 125,000 in January). The company isn’t disclosing how many users it has now, however. The company also said in January it saw 1,000 video projects per day using the online platform. Svendsen says that number is “much higher now,” but was not able to provide specifics. He mentioned that, next week, the startup will be announcing several new B2B partnerships involving “very large global companies” that will supercharge its growth in terms of “adding thousands and even millions” of users to its platform. “Some of these might be business customers of ours,” says Svendsen of the new partnerships, “but ultimately, the end users are consumers. But we’re also expanding heavily into business users…but that’s not next week. Next week is B2C announcements.” Again, Svendsen declined to provide details, this time due to the embargoes the partners had placed on their end for the release of their news. WeVideo’s team of a dozen is set to expand rapidly over the next few days, due to the new funding and the impact of forthcoming announcements. They will also be opening new offices in Europe, Asia and even the U.S. Svendsen says we can also soon expect new product offerings at new price points, some of which have a B2B focus, others which are consumer-facing. These, too, will be announced sometime in the near future, possibly related to the planned announcements in the upcoming week.

Equally Creepy And Creative, Cheek’d Is Online Dating In Reverse

I’ve covered a few online dating services in my day, but this one has got to be the most creative. It’s called Cheek’d, and I’d categorize it as a place where business cards meets picking up prospective boyfriends/girlfriends/one-night stands. Here’s how it works: you go over to the Cheek’d website , at which point you take a couple minutes to fill out a profile. The fields of personal representation are actually a bit more novel than most dating sites, asking things like where you’re most likely to be found, the most played song on your iPod, and your favorite board game. Upload a pic, and the fun really begins. You then must order a deck of cards, which say things like “act natural, we can get awkward later”, “don’t overthink this”, and “emotionally available.” There are literally hundreds of different sayings, and there’s even a Wall Street deck with lines like “add me to your portfolio” and “all my bank accounts are Swiss.” The cards also have a short ID code on them, with a URL for the Cheek’d website. When a suitor receives the card, the idea is that they’re so filled with curiosity that they enter the code on Cheek’d and are taken to your profile page. Cheek’d calls it online dating in reverse. See, Cheek’d wants to take the out the online part of online dating. It forces real-life interaction, even if that interaction seems a bit awkward to me. You get the first month free, and can also get a free deck of five cards (shipping and handling not included.) Past that, you pay $9.95 for a monthly subscription (which basically means you pay $10/month to keep your profile live). Cards you still have to pay for, and decks come in various sizes with corresponding pricing. I grilled the founders yesterday at the NY Tech Day because, upon first impression, this sounds like one of the creepiest things ever. Why would I hand someone a card that says “hi,” (yes there are cards that simply say “hi”) instead of just saying hi myself? You know, with my voice? But they threw out some instances where I could possibly, maybe, potentially see the idea materialize into something helpful. For example, let’s say you’re out at a crowded bar, and a girl who seems relatively attractive catches your eye. But there’s one problem: she’s surrounded by five of her closest girlfriends, and no man (or woman) has come anywhere close to scoring with any of them all evening. It’s girls’ night. But you, being the clever, “Cheeky” man (or woman) that you are, decide to send over a drink to the hottie along with one of your Cheek’d cards. Maybe the one that says, “I couldn’t find a napkin.” By the time she gets the card and the waiter tries to point you out to her, you’re walking out the door, all mysterious-like. I’m not saying it will work, but I won’t say with certainty that it won’t work either. (Note: Cheek’d is offering our readers a 50 percent discount on cards if they use the promo code “TECH”.) Click to view slideshow.

How Can We Disrupt The Cell Carriers?

Editor’s note: Hemant Taneja is managing director at General Catalyst . Follow him on Twitter @htaneja . Every time I pick up my iPhone lately, I’ve been asking myself:  Why do we call this a “phone”? If my “phone” habits are any indicator, we shouldn’t be calling this a phone at all. On the iPhone, I don’t like taking phone calls. I’ve moved the green phone application button away from the bottom tray and replaced it with other apps I use frequently. If Apple allowed us to actually delete the phone app, I’d bet some of us would do it right away. In our evolving relationship with mobile phones, I wonder when we are going to stop calling it a “phone.” It’s semantics, but the words are important and affect our mindset. If we’re using precise language, these devices are really computers with data-collecting sensors and processors that  happen  to have voice capabilities as a feature. Part of the mindset problem is unfortunately highlighted by the carriers business models and pricing plans. Carriers charge 80% of monthly fees for voice and the rest for data when, in fact, for many of us our usage patterns are actually the inverse. As a result, carriers segment our data usage and stifle innovation and worse, consumer adoption, at the application layer. If you’re not lucky enough to be “grandfathered” into an unlimited data plan, you have to monitor your data pull for fear of paying exorbitant overage fees. This is the result of a structural issue in the wireless carrier industry. The carriers are running a series of systems today — a voice network, a voicemail system, a SMS platform, and a data network — when the reality is that all they truly need is a data network with “phone” as well as asynchronous messaging applications that already exist. The carriers’ legacy architecture is artificially placing a large cost on consumers and, worse, stifling adoption at the application layer. There is too much pressure on these antiquated pricing models. For instance, will applications who monetize our usage end up paying a carrier like an 800-number would? Or, could applications subsidize our data costs in different ways? For instance, if I’m on Twitter for 80% of my mobile usage, which goes against my data plan, would Twitter offer some payment back to the carrier? Or, could an application pay me directly for using it after a certain threshold, which I could use to offset my monthly costs? There are more questions than answers here, but it will be interesting to see which carrier has the foresight to work with handset makers and application developers to make this more sustainable for end-users. There’s much that needs fixing here. The handset makers are doing their part. The app developers are doing great work. We are all paying through the nose for these great experiences and utilities. But, the party won’t last. The carriers have to carry their weight. The first thing we have to do is stop thinking about a device like the iPhone as a “phone.” It’s really a computer that just happens to make calls over cell towers. And, when we start using the right language, we will start to change our mindset, our demands, and hopefully, the carriers will take notice. In fact, they may have no choice but to do so. In my view, the root problem is that there is no competition in the wireless carrier industry. They have no incentive to properly keep up with innovation in the hardware platforms and the application ecosystem. It would be nice to see entrepreneurs focus on disrupting this industry. Conceivably, a company (or set of companies) could emerge to redefine the device away from being a “phone” to something new. My gut tells me that if someone could offer a $50/month plan with the core set of applications including messaging (voice, data, and video) off of a data-centric network, it could present a great value proposition for consumers. Consumers don’t want to think about blowing through their data plans every time they download a video or upload a photo. I don’t think building such a company has to be very capital-intensive proposition, given all the online mechanisms that available to acquire customers and vast ecosystem of applications that already exist. What do you all think? How can we force the carriers to change or build something new? [ image via flickr/acidpix ]

The Single Most Important Element of Your Business Software Website

After more than a decade of reviewing thousands of business software websites, I still come across too many that are missing the single most critical element to their success. In fact, I daresay the vast majority of software websites continue to miss the mark. This is a shame because it is so easy to fix and the impact is enormous. I’m talking about a strong offer! It’s what compels a prospect to complete your form and become a lead that wants to engage with a salesperson. Examples include “Request Free Demo” or “30 Day Free Trial”. A strong offer: Is displayed prominently above the fold on every page of your website. Comes in the form of a button, not a text link. Contrasts with the rest of your website. (The color stands out.) Contains the word “free”. Links to a short form where you capture the person’s name and email. (You can get everything else later.) And you get bonus points if you place a short but great testimonial near your offer to help draw more eyes to it. Why do so many software companies fail to do something so simple? Most software entrepreneurs and executives are not marketers. They are usually computer engineers with an idea for a new product, or sometimes salespeople who identified a market opportunity and then teamed up with an engineer. Either way, developing a high performing website is not their expertise. But what exactly is “high performing”? Business software is more complex and much more expensive than consumer software. This means that the purchase usually requires at least some assistance from a salesperson. Therefore, a “high performing” business software website is designed to generate sales leads. That mainly happens in four ways: An interested prospect emails you after seeing your email address on your website. The prospect calls you. The prospect chats with you via your online chat tool. The prospect fills out an online form with contact details and then you respond. These are all great ways to reach potential customers, but #4, when implemented properly, almost always outperforms the others by a long shot. You may be thinking, “I have an online form on my website and we hardly get any leads from it.” In fact, I see this all the time at Capterra and it’s often because you link to it from a “Contact Us” or “Request More Info” link. You are missing that single most important element of your website! When you get your strong offer in place and tie it to a short form, you will convert a high percentage of your web visitors into sales leads. It’s really that simple. Don’t be one of those software companies that gets it wrong. Now you know! Add those offers and watch web visitors start to convert to leads. Of course, this assumes that you’re attracting decent web traffic – an entirely separate topic that we’ll leave for another day. Michael Ortner is the CEO and coFounder of Capterra , a privately held technology and online media company. Founded in 1999 with the belief that software has the power to make the world a better place by helping businesses accomplish their missions, Capterra is a Web service that helps connect buyers and sellers of business software. Over 5 million businesses use Capterra annually to find and compare virtually any kind of software ranging from CRM and Marketing Automation to Project Management and Training. More than 15,000 software companies list with Capterra, over 1,000 of which have upgraded to one of our pay-for-performance options in order to increase their exposure, drive more web traffic and generate more sales leads. In 2007 Capterra was awarded a spot on the Inc. 500 list as one of the fastest growing private companies in the United States. In 2008 it was named one of the top places to work in the Washington, DC area.

EVE Online Saw $66M In Revenue Last Year, Mulls IPO

CCP Games , the makers of the massively multiplayer online role-playing game EVE Online , says the company brought in $66 million in revenue last year. The game, a science fictional adventure set in a star cluster dominated by five major civilizations, first launched in 2003, and its subscriber base (currently about 400,000) has grown every year since launch. Revenue has been growing too, at a compound annual growth rate of 53 percent, bringing in total revenue of $300 million over the game’s lifetime. As for profits, CCP would only say that it has “very healthy margins” — a claim backed up by the fact that it has grown to more than 450 employees despite only raising $3 million in seed funding. This might seem like an illustration that traditional online gaming, overshadowed in the media by casual social games like those from Zynga, can still work as a business model. At the same time, CCP’s new CMO David Reid says the company has been excited to embrace new models, in addition to the traditional subscriptions offered by EVE. CCP has already been experimenting outside the standard subscription model in EVE, by allowing rich subscribers to essentially pay for others to play, in exchange for virtual currency — something that has been used by 40,000 people, the company says. Its next game, DUST 514 is scheduled for release this summer, and will go further in this direction, charging players for in-game items rather than subscriptions or playing time. That’s not the only ambitious thing about DUST. With its first-person shooter gameplay, this is CCP’s attempt to reach the audience that made franchises like Call of Duty a hit, while also connecting to the EVE universe. Through mechanisms like orbital bombardment, the space-based players in EVE can actually affect the planet-based combat in DUST, and vice versa. As a result of its plans for DUST, as well as Asian expansion for EVE, CCP says 2012 will be its biggest year yet. In fact, the Icelandic company’s CEO Hilmar Veigar Petursson says an IPO is a possibility, though predictably, he wouldn’t commit to anything. “We want to be ready for an IPO from a policy standpoint,” Petursson says. “We’re quite a substantial company, so we’re thinking, ‘Okay, what is the next step?’”

StartX Demo Day: A Direct Link Between Silicon Valley And Top Stanford Student Entrepreneurs

On the surface, the StartX Demo Day last night could have looked like any other accelerator pushing its latest class of startups. Nine groups got on stage and fired off presentations about how they were working on something cool, and why they deserved funding. But it wasn’t the rash of lightweight consumer applications you often see at other demo days. These were Stanford students, particularly technical graduate students, who have been nerding out on solving real problems for years in their labs and dorm rooms, and who are now in the middle of commercializing their hard work. Big-name investors from around Silicon Valley unsurprisingly showed up to check them out. Before I get into the companies, which ran the gamut from health care to batteries to professional networking, it’s important to understand what StartX is . It’s the non-profit accelerator arm of Stanford Student Enterprises, which is a student-run, independent organization that handles a variety of stores, directories, financial services and other businesses for students. SSE is the business branch of the student government, and it’s independent enough from the university that StartX companies get maximum freedom. They own their own intellectual property, and neither StartX/SSE nor any other entity takes any equity. The only requirements are that at least one cofounder of each applying company needs to have enrolled at Stanford within the last three academic quarters before the application period, and that person needs to own significant equity. The program is young — it started in 2010 and this is its fifth class. but it’s on the right track. The energy in the room was what you feel at that rare tech event where everyone present knows they’re getting in early on something big. We’ll no doubt be covering many of the presenting companies in more detail over the coming months, but here’s a quick look at each, in the order they presented: MindSumo : Employers want to find smart students with skills and interests that they can develop. The problem is that student resumes are normally skimpy on this information because, well, students have mostly been in school and not the workforce. MindSumo’s answer: partner with employers to create “challenges,” or sets of questions for students to answer. For example,  Recology , a large recycling and trash disposal company, is currently asking “What can you do or make with glass (A LOT of it)? Propose three alternate uses for recycled glass so that we can use our resources in an innovative way and keep them from landfill!” Currently in private beta, MindSumo has already been running challenges for seven companies (some of whom are paying), with 500 or so Stanford students participating. AgeTak : Health care data is currently separated across insurers and health care providers, which makes it hard for doctors to do comprehensive analysis of diseases and other conditions. AgeTak uses distributed databases to combine, anonymize and get user consent for data sharing. Founder Pratik Verma, who recently got his PhD in computation chemistry from Stanford, is on a personal mission here. His father passed away in 2010 from nerve cell disease ALS, which has no known causes or cures. His father’s only option was to participate in extensive clinical trials over the years, in the hopes that doctors would make breakthroughs by discovering trends among those afflicted. But, as Pratik discovered, data from patients was not being shared by researchers because it was siloed at institutions, and held back by privacy concerns. Through AgeTak, the anonymized and aggregated data can be used by analysts, researchers, physicians and pharmaceutical companies. Insurance giant United Health is already using it for a drug claims database, and OptumHealth is using it to offer graphs that show consumers how their health care costs stack up against the average. AgeTak has already made $3.7 million in revenue; it’s headquartered in Minnesota with offices in Menlo Park and India. Check out this recent writeup by Barb Darrow at GigaOm for more details. Zoku : If you’re trying to build a network — let’s say, to help with your new startup — you want to know who out there is doing something relevant to your needs. But it can be hard sorting through all the noise on Facebook, LinkedIn and other sites to spot the key people and activities. Zoku lets you combine your email and social networking contacts, then pick out people and actions that you want to keep track of. It uses algorithms to filter for what you care about, then shows you the signals – people who are visiting town, changing jobs, or doing anything else relevant to what you might need to get done — in a dashboard on its site. Vi Energy : In what looks like the most ambitious technical idea out of all the presentations, Vi Energy is developing a new kind of rechargeable battery that promises to be three times cheaper and last 50% longer than anything on the market today. Over the past twenty years, lithium ion batteries have dominated, but they can be unsafe, have relatively weak capacity, and are expensive. As a mature technology, there’s only marginal improvements to be had from them. Sister-cofounders Meghali and Sonali Chopra have, with the support of top scientific researchers, already created a pilot battery that uses significantly cheaper raw materials, can be easily synthesized, and has a unique spherical morphology with conductive codings for better performance. Their lab tests already show that the new battery lasts longer than the lithium ion ones on the market today. Breakthrough : This online mental health treatment startup has been featured before — on stage at TechCrunch 50 (Disrupt) back in 2009 . It uses secure video and chat features to help people connect with professionals to get the help they need privately and immediately. As Leena noted before, clients can search for providers (including psychiatrists, psychologists and nurses) on a variety of criteria, including price, speciality (i.e. depression, schizophrenia, post traumatic stress disorder), and gender. On a provider’s page you can see his or her education, experience, pricing for services, the insurance the professional accepts, and even a video introduction of the provider explaining his or her specialities. BreakThrough certifies all providers are credentialed professionals. TipTopMed : How much will a trip to the doctor’s cost? How much, in particular, if you don’t have a good insurance plan? That’s a question more and more Americans are asking themselves — that TipTopMed is trying to answer. Its site will show local providers, and include information about them like the upfront price, and other details about provider specialties. Users can then book an appointment, and pay online. Providers — mostly small and medium-sized businesses — want this because they lose lots of money on patients who can’t or don’t pay. The site is launching at the end of this month, and will feature a proprietary database of Bay Area health care professionals. Smit’s Crew : The only entertainment-oriented startup out of the mix, it offers a web site and mobile app that lets venue owners (bars, clubs, etc.) create a type of loyalty program for regular patrons. The app lets customers receive advance notifications of discounts and other deals, particularly on slow nights, then buy them immediately. They then go to the establishment and show the waiter or bartender the purchase; because payment has been received, the food and drinks can be delivered immediately, without the hassle of trying to pay with cash or credit card at, say, a packed bar. Even more importantly, the app lets owners keep track of which people are visiting the most regularly and buying the most — this allows them to figure out who they should focus on providing the best service to. The “crew” concept lets customers group themselves together around specific establishments, so the venue can provide group discounts if they show up. There were also two more health care startups that presented, but they haven’t publicly launched yet so I won’t be including them here. All in all, as you can see, this is a serious bunch of companies, that are interested in solving hard real-world problems. Venture firms and law offices in Silicon Valley have sensed the opportunity to get in early, and they’ve rallied behind the effort. VC supporters, who provide dollars and mentorship, include Benchmark Capital, General Catalyst, Khosla Ventures, Charles River Ventures and Greylock Partners. Legal backers are Cooley LLP, Fenwick & West LLP, Dorsey & Whitney LLP, Goodwin Proctor, and Orrick. Resource partners include Amazon Web Services, First Republic Bank, Fog Creek Software, Github, Rackspace and Usabilla. And even that distant global media and advertising conglomerate that owns TechCrunch is involved, it turns out, because it provides office space and other material support. So time for a Full Disclosure: I didn’t even know AOL was involved until I got to the event this afternoon — but good job, whoever made that call at my parent company. I also attended Stanford as an undergraduate, and while I have a variety of feelings about my alma mater, I generally expect a lot out of its graduates — maybe this connection is one reason I think StartX is pretty great? On the other hand, I worked at a key campus competitor to SSE, The Stanford Daily student-run newspaper. So maybe I’m biased against SSE and so my biases all equal themselves out….

Social, Mobile Gifting Service Wrapp Raises $5M From Greylock And Atomico To Launch In The US And UK

Wrapp , a social gifting service, has raised $5 million series A funding from Greylock Partners and Atomico, the VC firm formed by Niklas Zennström, co-founder of Skype, Kazaa and other companies. The startup had previously raised $5.5 million in funding from Atomico and Creandum. As part of the most recent round, Greylock partner and LinkedIn co-founder Reid Hoffman will be joining Zennström, and Creandum partner Johan Brenner on Wrapp’s board of directors. Co-founded by Rebtel and SendIt founder Hjalmar Winbladh, Spotify founding CTO Andreas Ehn and others, Wrapp lets friends give, receive and redeem digital gift cards using mobile devices, and allows friends to contribute to gifts given by mutual friends. With Wrapp, which offers iPhone, Android and web apps, you sign in via your Facebook account, and you can then tap the Celebration tab on the app, browse your friends or major events, and select the person you want to send a gift card to. All available gift card offers for that friend are automatically listed. You can then select the retailer and the gift card offer you want, write your celebration greeting, select a delivery date, enter payment details (if you’re contributing extra funds to a free gift card), and send the gift. Your friend will be notified and celebrated through Facebook and the Wrapp application. Merchants can actually specify the amounts they’d like to offer via the service, and target specific demographics of users with gift card options, which is something other online social gifting options don’t allow. Wrapp is currently growing more than 30 percent week-over-week and is now working with more than 35 large and medium-sized merchants in Sweden including the country’s largest sporting goods retailer Stadium, Dixons Retail’s consumer electronics chain Elgiganten, Amazon’s LOVEFiLM.com, designer underwear brand Björn Borg, street fashion brand WeSC, and home improvement chain Clas Ohlson. In December alone, Wrapp users used the service to buy 250,000 gift cards. And the app has gone viral, with 2 percent of all Facebook users in Sweden downloading the app. AFter three months live in Sweden, one percent of the Swedish population has interacted with Wrapp. While gift cards is a massive, $100 billion industry, the market hasn’t really been disrupting with social and mobile technologies until now, says Hoffman. For Hoffman, who currently sits on six boards (out of a large number of investments), it’s impressive that he chose to take a board seat with Wrapp. He explained to me that in commerce startups, there’s the challenge of how to solve the equation in retail of being good for consumers, merchants, and for the business. “If you solve all three, you have an interesting and transformative play,” he says. Hoffman adds that Wrapp solves all three of these problems. First, the app allows consumers to easily send gifts to friends in groups or individually, for any occasion, and leverages mobile as well Second, on the merchant side, it provides an advertising platform as well as a way to bring people into brick and mortar (and online) stores. And merchants don’t have to spend anything unless consumers come in and purchase an item. The ability to target to specific demographics is also part of the winning formula for Wrapp. While the conventional way to purchase gift cards is at retail stores at the checkout line, this platform allows retailers to access a variety of information about potential customers including gender, age, where they live, and more. “This is inherently a very interesting viral play, with a pair of experienced entrepreneurs and an efficient way of helping both online and offline retailers,” Hoffman added. Winbladh tells us the new funds will be used to launch the social gifting service this quarter in the U.S. and U.K., and to expand throughout Europe and additional major markets around the world later this year. “We’re here to build a global company and do something completely new with the online to offline market opportunity,” Winbladh says. He says that the service is already in talks with a number of large online and big box retailers in the U.S. According to AllThingsD, Wrapp is looking to partner with retailers like Best Buy and Target at launch. Wrapp’s service is certainly appealing from both consumer and merchant standpoint. Now more than ever, retailers need to be looking for compelling technology plays to help draw traffic both online and offline. Similar to the way that ShopKick is innovating on rewards for retailers, Wrapp could be the answer for gift cards.