New Crowd Funding site Fundable to Challenge Kickstarter

A new player has entered the crowd funding scene called Fundable and it will also seek to connect startup companies and developers with backers that are willing to provide funds in exchange for rewards such as early versions of products.

The model looks very familiar to others in this space such as Kickstarter in that it is an all or nothing funding model and that there is a time limit involved, and if the funding does not make it to the stated goal they get nothing. The main difference may be that Fundable will seek to fund for-profit companies, while Kickstarter is all about creative projects, like literature, movies and the like.

By that token Fundable is expected to go one step farther than its rivals. According to its downloadable fact sheet, but not mentioned at all on its general web page is the fact that the company will also enable startups to offer equity in return for investments.

It looks as if the difference for investors is that they can in most cases invest as little as $1 in the rewards section but significantly more, say $5,000 in the equity investment side of the equation.

I have been increasingly interested in the crowd funding phenomenon, and have wondered if it will have legs. It’s nice to get a first generation product from a company or some sort of reward for investing a few dollars in a startup, but it has seemed to me that after the initial fun, the appeal would wane.

At least one recent study seems to bear that out when it showed that the average investor in a crowd funding company invests in only two projects, but the whole environment is very new, only being allowed in the United States after a bill was passed last April that enabled a much wider pool of people to invest in startups.

Fundable’s approach, at least to me, has a lot more long term appeal. While getting a Pebble watch for instance would be nice, getting a check larger than my investment might be even nicer.

According to coverage in Mashable it looks like the company needs to get approval from the Securities and Exchange Commission as a broker in order to handle investments and I suspect that is why it is not touting its equity option strongly. I expect that once approval is gained that will change and it will be interesting to see how this move changes the market, if at all.

Vergence Labs latest with Connected Glasses

It seems that after Google made a short blog post about its Project Glass it has lit a match under the market and both new startups and established players are rushing to let you know about how well their individual efforts are going in this space as well.

The latest to appear on the radar is a company called Vergence Labs, and it is taking an increasingly familiar route to funding by appealing to individuals at a crowd funding site, and this one is using Kickstarter.

The funding here is seeking to raise $50,000 and the drop dead date is June 7th, so as of this writing it has 15 days to go. It also has already raised almost half of what is seeking as it now has $22,008 pledged.

I like the pitch which in part claims “become part of the future human-computer revolution!” I thought that I did that when I bought my first PC, an Apple II with not one but two floppy drives. The computer enabled eye wear will have the ability to record HD images and video from a first person point of view at the touch of a button. In addition they are being touted as the world’s first electric sunglasses with chromatic shifting conductive glass by which it means they darken when in sunlight.

The company sees the glasses as a social media tool and is establishing a web sharing site called YouGen.TV from which users can share experiences and export to Twitter, Google + and Facebook. I can see sports fans doing this and I wonder how the leagues will take to it.

MLB has been particularly tough about posting images from its games onto YouTube and I cannot believe that it is going to relent simply because computer powered glasses have made it easier to record the event.

Vergence also has pretty ambitious plans in the future hopes to make glasses that can perform a variety of tasks including sending information directly to a users eyes, and possibly develop interfaces for robotic devices that can be controlled with a gesture.

As with many of the Kickstarter offerings I love the creativity that developers are bringing to the market. Of course it is cracking the market that is the challenge. It is much harder, in my opinion, for hardware developers to do so that software. It is a snap to download a dozen apps in a few minutes, but most people I know, myself included, are concerned with how they look in glasses, just to take the lowest possible issue.

Then there is the competition. Google was very vague about its Google’s Project Glass remarks so it is hard to judge what it plans to do, and others have come out with, or at least talked about, connected glasses and goggles including Recon Instruments and Oakley. Still it looks like there is some momentum in this space and someone is going to break through and establish ‘glasses’ as a new computing device category.

Mobile Sports Report TechWatch: Facebook buys Karma

Lost amid all of the noise about Facebook’s huge IPO was the fact that the company is continuing to address a shortcoming in the mobile app space. It has purchased a company called Karma that has developed an e-commerce platform as part of its overall presence.

The management team at Karma has already developed one successful app and the current focus, on gifting, seems to be a good match since Facebook has a huge amount of personal data on users and can now send alerts about anniversaries etc and recommend gifts and send users to Karma. The terms of the deal were not revealed in the announcement made on Karma’s blog but the company’s founders have had success in creating other successful apps.


Samsung’s Galaxy S3 sees strong preorder demand

Samsung, the leading smartphone developer in the world is about to see a nice spike in sales if reports are correct about pre availability demand for its Galaxy S3. According to a report from the Korean Economic Daily, forwarded by Mashable there is already a 9 million unit demand worldwide.

That is very impressive, especially considering the company’s factories can only crank out 5 million units a month, and I am assuming that is for all handsets not just this model. I hope they have been building the devices for the last few months.

China gives Google a thumbs up on Motorola
The long wait is over for Google with the company finally gaining approval for its $12.5 billion purchase of Motorola Mobility. The approval, which came from China’s Anti-Monopoly Bureau, had followed a delay in which the agency had requested more information.

This approval was the last before the deal can go through and give Google access to Motorola’s huge patent portfolio and manufacturing capabilities. According to a report from the AP the deal has a condition- Google must make the Android operating system available for free to mobile device users for the next five years.

Motorola faces possible ban in US
To counter the good news coming out of China, Motorola was on the losing side of a judge’s ruling the Motorola did infringe on a patent held by Microsoft. The ruling came from the US International Trade Commission and has the result of banning Android-powered smartphones made by Motorola from being imported into the US.

While the ban will not go in effect until July, it is likely that Motorola will seek a licensing deal rather than eliminate the technology. With Motorola having recently won a ruling against Motorola regarding different patents they could just sign a cross licensing agreement, but right now no word on what its plans are.

Apple seeks to block Samsung’s Galaxy Tab 10.1 in US
If this sounds familiar well… Apple is following up a win in US Appeals Court that said a ban should probably have been imposed on Samsung for copying features from Apple’s iPad, Apple is now once again asking for that ban in the United States.

It could be a negotiating ploy since as has been reported here and elsewhere the two have been ordered into a settlement talks that will feature the top executives from both companies and it appears likely from this piece at Electronista that no action will occur until after the settlement talks are over.

EU regulations will apply to Android and iOS apps
Apps that are downloaded to devices running both the iOS and Android operating system are subject to the European Union’s Privacy and Electronic Communications Regulations, officials from the Information Commissioner’s Office said.

The rules regulate, but do not prohibit the use of technologies such as cookies and require that users provide informed consent. This will require the apps to inform the user that it is downloading a cookie and provide them with the option to not have them loaded in their device, according to an article in Computing.co.uk

Is a 10-inch Kindle in the works?
Increasingly rumors are surfacing that the next generation of devices from Amazon will include a model with a 10.1-inch form. The move would make it a more direct competitor to Apple’s existing iPads as well as to the rumored smaller iPad that has been talked about for months.

According to DigiTimes the pad is expected in the third quarter of this year and that at the same time the company is likely to kill its 8.9-inch pad that has been on the drawing board. Around this time Google is also expected to bring out a pad to help heighten the competition even more.

Apple loses round in e-book case
A United States District Court judge has denied petitions from Apple and several of its largest e-book publishing partners to dismiss a lawsuit against them. The lawsuit claims that the companies conspired to illegally price fix e-books. This case is similar to, but separate from the one filed by the Department of Justice against the same companies.

New Kickstarter project trying to get light on a dark subject
A company called Scrap Pile Labs has developed a docking cable for iPads and iPhones that has a built-in LED that allows for easy use at night. Called CordLite it is now seeking funding at the site Kickstarter and the developer is seeking to raise $70,000. If it succeeds the company expects to ship the cables in September.

While the initial focus is on Apple’ products the company said that it plans to develop for other platforms as well and has a microUSB cable in prototype but that production costs are scheduling issues it will be some time before that sees the light of day.

Neva-The Talking Ski Poles may be coming to Your Slopes

There is another interesting item over at Kickstarter that is seeking funding and I think one of the things that the project highlights is how increasingly easy it is becoming to network everything, even items that you might not have considered such as ski poles.

A company out of Salt Lake City called SlopeScience is touting Neva, which it calls the evolution of the ski pole by adding wireless communications capabilities to so that it can talk with your smartphone and relate information to you while you are skiing, and just as important, so you do not have to remove your gloves.
Seeking to raise $100,000 it has so far gathered 80 backers and raised $12,218 towards its goal. In case you have forgotten if you do not reach your goal you get nothing and the funding round ends June 6.

The poles will feature the ability to display when a call is coming in and a simply swipe can ignore or answer the call, Text messages can also be displayed. It leverages SlopeScience’s capabilities and can show your slope angle and aspect when used with a Google Earth plug-in. The company hopes that future versions will have text to speech capabilities as well.

The basic device includes a low powered Bluetooth adapter for communications with the smartphone, and is capable of talking with both Android and iPhones. There is a 0.96” OLED display that is capable of being read in bright sunlight. The rechargeable battery is good for three days on a single charge.

I have a semi humorous vision of the completely connected athlete of the future. Say that they are a skier. Smartphone securely packed away in a pocket with no need to get it out. They have goggles that provide a clear image of the terrain and can connect to the phone and listen to music.

Then they have on their Pebble watch so that they can connect to the phone, view the menu at the snack bar and see what their friends are texting from the beginning slops. I do believe that with all of the emerging options it will be interesting to see which technologies and products pan out and which ones do not. There is no doubt in my mind that used properly some of these products will certainly enhance the outdoor experience.

Friday Grab Bag: Are Replacement Refs in the NFL’s Future?

Mashable does a nice job showing how fast eight technologies have penetrated the US market since the telephone was patented in 1876. The speed upon which each succeeding generation of technology grows is interesting as many of them piggybacked on older technology. I mean you cannot have these technologies until electricity reached all of the country.

I was interested to see how relatively slowly the Internet caught on compared to mobile phones, but I guess that is partly due to a number of issues from slow connections early on, lack of a substantial amount of meaningful content ( I mean at one time one of the most popular site on the internet was watching a coffee pot) and emerging rival modem standards that helped confuse non-technical users.

From the charts it looks as if it is possible that the two emerging fields, tablets and smartphones are headed to being the fasted technologies adopted to date. Smartphones make sense since they are an extension of an already known commodity but tablets are a relatively fresh start. The data covers the past five years and the numbers from the next five look to be very interesting.

NFL still not produced evidence on Saints bounty program, NFLPA claim
The NFL Players Association continues to claim that it has not been given “specific, detailed evidence of player involvement in a pay-to-injure program.” Domonique Foxworth, president of the NFLPA has an opinion piece in USA Today in which he stated that punishment demands evidence and the league is not willing to produce it.

He claims rather than produce the evidence the league has used media leaks, pr campaigns and character assignation to manipulate public opinion.

Apple wins one
Apple, on a recent losing streak in the legal department won a case this week when a judge threw out the Proview Electronics Co.’s trademark lawsuit against Apple. The case, which has bogged down Apple in China, has ruled that Proview cannot sue Apple in California.

The case revolves around Apple’s purchase of the iPad trademark from Proview and then Proview claiming it did not sell the rights to the iPad name in China. The two are reportedly looking at a cash settlement but are far apart on the terms.

St. Louis Blues sold
The NHL Board of Governors has approved the sale of the St/ Louis Blues hockey team to Tom Stillman, a beer distributor, for an estimated price of $130 million. Stillman has been a minority owner of the team since 2007, Yahoo! reports.

The team has been for sale for the last two years, ever since the current ownership group, led by Dave Checketts and his Sports Capital Partners Worldwide, started to look around. It had originally been looking for investors to buy out Towerbrook Captal Partners which held 70% of the team but could not find investors.

Google wins a bit more in trial versus Oracle
After a jury ruled that Google did infringe on Oracle’s API copyrights but could not reach a decision on if that action was protected by the ‘fair use’ doctrine that allows copyrighted material to be used Oracle asked the judge to throw out Google’s ‘fair use’ defense.

The judge declined saying he did not think that it would be correct for him to rule in favor of Oracle. Experts now expect at least a partial retrial of the first portion of the case.

Who do Crowdfunders Invest in?
We have started talking a lot about crowdfunding, but mostly in relation to just a very few efforts, and yet that industry is starting to emerge as a huge source of funding for startups, enabling a wide variety of developers to get seed money and more to launch products.

Well if you were interested in a breakdown by category of where the money is going at Kickstarter wonder no more because there is now a great graphical breakdown of the effort. A few interesting facts-50,000 projects have sought funding since it opened its doors in 2009 and film and video is the top pledge earner, with $60 million pledged to date. There is a host of interesting information so head on over and take a look.

Replacement officials in the wins for NFL season?
Fox Sports is reporting that the NFL has started to look at replacement officials for the upcoming season in case it cannot reach a new agreement with the NFL Referees Association- currently the talks are at an impasse.

The league is asking its officiate scouting department to help identify potential replacements with an eye out for recently retired college officials as well as current officials at a variety of levels of the sport including semiprofessional leagues. The NFL used replacement officials in 2001 at the start of the season.

Smart Shoes the next trend in computing?
Computer scientists from e Telekom Innovation Laboratories, the University of Munich, and the University of Toronto have taken a step forward on a research paper on the next generation of wearable computing with the publication of a joint paper entitled “ShoeSense.”

The gist of the paper apparently calls for the development of sensors that would be placed in shoes that have the ability to understand customizable hand and arm gestures that are then relayed as commands to a smartphone. Users would be able to then send messages without appearing to while in meetings, at dinner and other places that it is not always appropriate to do so on the handset.

Nielsen looks at smartphone owners in US
A recent report from Nielsen shows that smartphone ownership continues to rise in the US and is now the preferred handset of more than 50% of Americans, actually 50.4%, up from 47.8% in December 2011.

Android is the dominate operating system with a 48.5% market share then followed by Apple’s iOS with 32%. Research in Motion’s Blackberry platform has 11.6% followed by Windows Mobile, Windows Phone and then others.

Crowdfunding Investments Estimated to Reach $3 Billion in 2012

I believe that I was like a great many others who when they heard the term ‘crowdfunding’ kind of pretended that I understood what it meant and then merrily went on my way without really giving it a second thought.

Then earlier this year I started running into a number of interesting products that were starting to get funding in that manner, starting with the Pebble watch. I find the whole trend very interesting and I think it’s a great boon to small developers who have great ideas but no expertise or experience in fund raising. It’s especially interesting to sports-related projects, since many of the developers of apps or devices are fans or enthusiastic athletes at heart and not necessarily business-minded as say, an investment banker or a Silicon Valley entrpreneur.

Now Venture Beat talks about how big this trend has become and estimates and where it is going and it is much bigger than I would have suspected. According to the piece which quotes a report from market research firm Massolution the industry raised $1.5 billion last year.

The research paper, called the Crowdfunding Industry Report also predicted that there was 1 million crowdfunding efforts over the course of last year and that $837 million came from North America. It breaks down the efforts into four basic categories: equity-based, donation-based, lending-based, and reward-based.

According to the report the market is expected to double this year. I know of at least two people considering heading this way for seed fund for their future developments and I am really fascinated by how this is all working out. You are also seeing a growing number of companies or sites seeking to be the home of a crowdfunding effort. There is Kickstarter, Crowdfunder, AppStori, and others are out there already.

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