Category Archives: Funding

LDV Vision Summit

LDV VISION SUMMIT, DAY 2, OVERVIEW

Different day, different crowd : If day 1 of the LDV Vision Summit was all about science, research and data ( massive amounts of data), Day 2 opened the doors to more practical applications of visual tech, mostly around revenue. In other words, how companies are using the discoveries of researchers to extract value, information and monetary rewards. As in the previous day, panels were a flowing mix of individual presentations and group discussions. Here are some elements of day 2 which particularly caught our attention. Opening…

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LDV Vision Summit, Day 1, Overview

Another LDV Vision Summit  just ended yesterday and with it, the conclusion of 2 full days of discussions about visual tech and its impact on our world. While it has become a cliché to point out the huge amount of photos/videos  taken, posted and shared daily, what is much less understood is the multiple ramifications into our lives. This summit took a deep dive into the current and upcoming state of visual tech and offered a glimpse onto potential answers. There was too much said…

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10 Questions for an Investor: Andrew Cleland

Ex-DJ, ex-start-up entrepreneur and now full-time investor, Andrew Cleland manages the Comcast Ventures fund that counts in its portfolio such companies as Flipboard, Half.com,  About.com, Tivio and WhoSay.  Given its parent company, his fund is particularly interested in visual tech which makes Andrew extremely knowledgeable in this space as well as an ideal speaker for the upcoming LDV Vision Summit. He gave us a slice of his extremely busy time to answer 10 questions. First, a little bit about yourself. What was your path to Comcast Ventures…

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10 Questions to a Founder : Aviary

After 7 years and raising $19 Million in 4 rounds, hugely popular photo editing app and SDK Aviary sold recently to Adobe. But this is not how the story ends. As the company enters is next chapter as part of the Adobe Creative Suite, co-founder Avi Muchnick tells us more as he also prepares to be a speaker at this year’s LDV Vision Summit.  A little about you, what is your background ? I’m an artist and entrepreneur based in NYC. I co-founded Worth1000, a…

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Adobe’s golden opportunities

The recent news of Adobe’s acquisition of microstock company Fotolia has sent ripples throughout the photo licensing world. The software company purchased the 11-year old company operating in 23 countries in 14 different languages for $800 million in cash,  in return for 34 million images. While the public announcement clearly aimed at integrating it into its Creative Cloud solution boasting 3.4 million subscribers, there is much more that Adobe can do with it. Adobe is best known for its hugely popular Photoshop product and its directly…

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Mapillary announces new app and new funding

Mapillary, a company we reviewed last year,  announced today a new iOS app that makes it even easier for consumers to build a photo representation of the world. The company also announced that it has raised $1.5 million in seed funding led by Sequoia. Other backers include the international funds Playfair, Wellington, and LDV Capital, and a number of prominent angel investors, including James Currier, Taavet Hinrikus, and Naval Ravikant. The Mapillary community uses their smartphones and other devices like GoPro, Garmin Virb and low…

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10 Questions to a founder : Foap

There are not a lot of true pure Photo:Tech companies that have found a successful business model around the creation  and distribution of photography  online at a large-scale thanks to an intelligent use of technology. Shutterstock, obviously, comes to mind, along with newly acquired Fotolia. However, both are extensions of an older business model, that of stock photo agencies. Their primary limitation to massive growth is their need to store a massive repository of pre-formatted images that might never be licensed. Enter the on-demand market. Instead…

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One trick pony economy

Let’s face it, VC’s artificially sustain businesses before they are profitable, delaying the inevitable market confrontation giving founders more reasons to convince investors than users. In fact , and this is more prevalent in the phone app world, we see founders solely focused on seducing investors, hoping to figure out the business model later in the company’s cycle. And investors willingly playing the game, if only to beef up their portfolios. They are, what we call them the One trick pony apps. Someone, somewhere figures…

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An app is not a business

As the mobile market is exploding, it is time to mark a pause. Daily, we see new apps being launched with the not so secret hope that it will gain enough adoption to be sold to a cash fat company. The issue here is that Let me explain. A camera app, for example, just adds some feature to the phone. Once downloaded X number of time for $2.99, it has no financial revenue. People pay to add those features to their phones once and that’s…

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The end of in-image purchase ?

While the industry raves about the possibilities of in-image buying, none of its major players seem to gain any traction. In fact, after Stipple last spring, it is UK -based Taggstar‘s turn to close its door on this model. In a very brief, cold email sent out today to its users, image tagging company Taggstar announces that it is permanently shutting down its service on November 14. No reasons given. In fact, the email finishes by saying : “We are not able to talk with…

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