• Find transmediacapital on Facebook
  • Follow transmediacapital on Twitter
  • Contact Us
  • May 19, 2012

Transmedia Capital

Funding and Mentors for New Media's Brightest Stars

  • Home
  • About Us
    • Market Position
    • Investment Strategy
    • Team
    • Partners
  • Portfolio
    • Current
  • News
  • Blog
    • Articles
    • Featured Video
  • Jobs

Good Things Come to Good People

February 7, 2012 by chris

 

We had the good fortune to work with Luke and Sid, co founders of Real Gravity for the past 18 months, leading up to their recent acquisition by Scripps Networks. It was a great outcome for all involved, and a credit to the Real Gravity team for their focus, determination and relentless work ethic. In the current environment of the young tech phenom, (Young CEOS, Are They Up To The Job?) Luke and Sid leveraged their experience (their third exit), and extended networks to get this deal across the line.

We received this note from Luke shortly after the deal closed:

“Thanks so much…this was a good one…not just for the financial result, but because everyone attached was a pleasure to work with….it seems like there is always a bat-shit crazy, out of control investor, or employee, or customer attached to these things that makes life miserable for everyone else, but not this time.  It was a good idea, and everyone we worked with to make it a reality was not only super competent, but good people who have a sense of humor, even when things were not going well.  I wish it was like this all the time, and maybe it will be: We may yet get a chance to do it again!”

For us at KickLabs and Transmedia Capital, the Real Gravity acquisition was a great case study for our business model and an example of a methodical approach, collaborative work environment, and acceleration process through KickLabs leading to seed and follow-on investment through Transmedia Capital.  Real Gravity has set the bar for the rest of our portfolio and we look forward to ringing the bell again in the near future.

Cheers!

Peter and Chris

Filed Under: RealGravity, entrepreneurship

Bread Man Cometh

January 23, 2012 by bev

We had the privilege of hosting Dave Dahl, Founder of Dave’s Killer Bread (www.daveskillerbread.com) at a KickLabs event last week. Dave has an inspiring story and he is an amazing man. He reinvented himself after being incarcerated for 15 years, in his mid 40s. Many of us have experienced difficulties as entrepreneurs, but never to the extent of what Dave experienced. Yet, he persevered and created a company that employs over 250 people and generates over $40 million in annual sales, growing 50% per year.  I was not sure how he would be received at the KickLabs event, bread man meets techies. Actually his message was spot in for any entrepreneur whether they are baking bread or writing code. Here are some of Dave’s core convictions (no pun intended):

Product quality – Don’t concern yourself with cost, just create the best product you can create. People pay for quality and service.

Passion – You can’t sell your product and mission effectively if you are not passionate about what you are doing.

Culture – Every person within your organization counts and should be recognized. Building a culture is as important as building the right product. The ability to maintain quality is directly related to maintaining a positive culture in your company.

Focus – There are lots of things that companies can do that are not critical to the core mission of the company. Stay on track and listen to your instincts.

Surround yourself with talent – Dave recognizes that he has a talent for creating a great product and spreading his message. He appointed his nephew (28), educated in finance, as his CEO, and he has built a solid operationally oriented executive team.

Turn negatives into positives – Dave is the ultimate example of turning a negative story into a prime marketing tool that has provided media opportunities and access that he would never have without the transparency of his story.

Do good – Dave dedicates many hours to community work and encourages many people from all walks of life to try to become successful, and never lose hope. Dave visited San Quentin and The Last Mile program and provided an insight into what is possible if you stay clean and focus on your personal mission.

We look forward to Dave’s return to San Francisco. This chapter has just begun.

Dave Dahl with the men of the Last Mile at San Quentin

Filed Under: entrepreneurship

KickLabs featured on BNN

December 29, 2011 by bev Leave a Comment

Interview with Chris Redlitz on BNN @rocketspace:

 

 

 

 

 

 

 

 

 

http://watch.bnn.ca/the-close/december-2011/the-close-december-28-2011/#clip592401

Filed Under: Funding, entrepreneurship

Percolate Raises $1.5 Million To Turn Brands Into Tumblrs

December 15, 2011 by chris Leave a Comment

Percolate, a startup that helps brands curate relevant content for social media outlets, has raised a $1.5 million seed round.

First Round Capital led the charge with participation from Lerer Ventures, SV Angel, Transmedia Capital, Advancit, Dave Morin and Rick Webb.

Percolate helps brands become Tumblr-like feeds. “The number one question brands ask today is ‘How do we create content for the social web?’ Our answer is curation,” says the startup.  It finds relevant content for the brands and sends it back to them to publish to their followers. Percolate essentially does all of the work a social media manager would do.

Cofounders Noah Brier and James Gross bootstrapped Percolate until now.  It’s already profitable thanks to partnerships with major advertisers like American Express, GE and MasterCard.  “We raised the round because we feel confident in our product-market fit. Now we’re going to go to market aggressively,” says co-founder James Gross. 

“To be relevant, brands must communicate with consumers. We believe the most valuable way to do that is through content. Every brand in the Fortune 500 suffers from not being able to  create enough content as social sharing continues to grow.”

Read more: http://www.businessinsider.com/percolate-raises-15-million-from-dave-morin-and-first-round-capital-to-become-brands-social-media-managers-2011-12#ixzz1gdDgi5Oa

 

Filed Under: Uncategorized

Brian Wong from Kiip Extends His Message to The Last Mile

December 11, 2011 by chris Leave a Comment

Posted: December 11, 2011 in Champions

The men of @thelastmilesq had the opportunity to meet an extraordinary young entrepreneur on Thursday night, Brian Wong. Brian’s story has been well chronicled: graduated four years early from college, the youngest person to ever receive venture funding at 19, highly sought after speaker (presented in 10 different countries). We asked Brian to visit The Last Mile and share some of his experiences of overcoming challenges as a young entrepreneur and how he has built his personal brand in a very short time. Brian was apprehensive when he was initially asked, and questioned whether his message would resonate to an audience of men that have been incarcerated for over 10 years. This has been a common reaction when people are first exposed to the realities of prison life and the perceived lack of awareness and curiosity that exists behind bars.

On December 8th Brian spoke to the men for about an hour and had a very engaged Q&A session at the end of his presentation. Brian was clearly surprised at the level of engagement and the depth of the questions that were asked. The most revealing question came from Kenyatta, asking “…if any of us were free tomorrow, would be you be open to hiring us.” Brian did not hesitate to say that he would be very willing to consider them for a position, no BS. Brian walked away with a new appreciation of what The Last Mile program is trying to accomplish and a new awareness that our prisons have many problems, but they also have many people with passion, presence and perseverance, and they can be successful members of society if given the right direction and a chance to prove themselves.

Learn more: www.thelastmilesq.com

Filed Under: kiip

Get Into The Action

November 23, 2011 by chris

From ReadWriteMobile channel:

The team at Socialize has released a new action bar that centralizes the user interface of its mobile engagement platform. Developers can now drop the Socialize SDK into their app and create an bar where users can interact within the app through Facebook, email, text and Twitter and also use in-app commenting.

The new action bar can either be a stand-alone feature within an app or developers can strip the UI from the bar itself and just place the functionality of the action bar within an app. As the Socialize SDK is open source, developers can add the social engagement layer that the startup provides in whatever way they want. This is a significant step for the startup but the team has more up its sleeves coming soon.

Socialize is a 10-person startup based out of San Francisco that grew out of a consulting and development firm that CEO Daniel Odio and partners sold to boostrap AppMakr, the beta channel for Socialize products and kind of parent company. Socialize has doubled its end users from 45,000 or so to 95,000 in the last 30 days and the beta channel has a significant presence with more than 3.7 million end users. Socialize has raised $1 million in angel funding and has been focusing on building its core product and revenue sources before taking any more money.

The action bar is a good step for Socialize as it gives developers and users a more tangible UI to use that will in turn generate data that developers can act upon. Socialize has 25 million activity records on file and growing quickly between the apps that 2,000 developers have created after downloading the SDK.

What Socialize did not announce in its blog post today but is coming down the road soon is an activity bar to match the action bar. The activity bar acts as the in-app notification system of what users have been commenting on, liking and sharing on Facebook and Twitter. The activity unit rests above the action bar and can be seen in the image below.

socialize_activity_unit.jpg

Socialize has worked with several large organizations to create engagement layers within apps for particular example surrounds the San Diego Chargers, a National Football League franchise that used Socialize to engage the fan base. Charger fans now have a dedicated mobile social network that can be tied to a community, a location or and event (like a home game) through the app. Predictably, it seems that fans are using to call for the ousting of the coach.

Developing a social community can be a great avenue of growth for startup application makers trying to gain users and traffic. It is a cheap way to acquire users outside of paid acquisition channels and keeps users coming back to app. Social layers also create data that developers can act upon to make changes to their apps based on user behavior and community feedback.

Developers – what tangible benefits do you see in adding a social layer to your apps? Let us know in the comments.

Filed Under: AppMakr

Socialize Picked by CNBC as One of 15 Hottest Startups

November 15, 2011 by chris

Socialize was chosen by CNBC as one of the 15 hottest startups worldwide (slide #5) in its recent Global Entrepreneurship special report.

Joining 14 other companies doing everything from online job interviews to helping Congolese farmers, Socialize is in great company. As CNBC puts it:

“Innovative Entrepreneurs: The motivation to create new products — and start companies that will make those products — come from a variety of places. Some entrepreneurs are interested in making processes more efficient. Some are looking for ways to save people money. Some are hoping they can save the world. Whatever the motivation, entrepreneurs inspire with their creative way of taking a problem and finding a solution.”

Writing that Socialize makes an app “social, not solitary”, they highlight that Socialize brings users back to the app while traditional apps see a 99% engagement decline just 90 days after the app is downloaded. And while they note that 1,400 apps are currently Socialized and 4,000 apps have been made withAppMakr, those numbers are actually much higher! There are over 2,000 apps live with Socialize and 10,000 AppMakr apps in the marketplace.

Check out the article here to see Socialize and 14 other startups that are sparking change in their industry.

Filed Under: AppMakr

Android App has Users Socializing Spanish Stock Market Style

November 6, 2011 by chris Leave a Comment

Now you can check your stocks and brag to everybody about all those Euros you’re raking in. A new Android app that lets users check in on IBEX 35, the Madrid Stock Exchange’s benchmark index, has just implemented Socialize. ¡Impresionante!

Developer Hexahis, who has several other stock and finance-related apps, designed IBEX Droid PRO to apply commissions automatically when the user selects their broker from a list. App users can also create their own custom broker commissions and compare broker commissions against each other when charging for the same operation.

Now that the app is infused with Socialize, it’s been upgraded to allow commenting and liking. One look at the commenting stream and you can see people are really embracing this new feature. Besides letting users talk to one another, it also gives Hexahis a chance to speak to them directly within the app—Google Translate (thanks Google!) tells us he’s letting user Edu know that he can customize profiles with this new version.

You can download the IBEX Droid PRO from the Android Market here. Though some of you might

Filed Under: Uncategorized

Real Gravity – Shakin’ It Up

October 13, 2011 by bev Leave a Comment

VideoNuze

Thursday, October 13, 2011, 10:10 AM ET

posted by: Will Richmond

Newcomer RealGravity is looking to shake up online video platform/publishing and syndication with a no-commitment, risk-free, all-in-one solution.RealGravity hit my radar recently as it is poweringCineSport, which has become one of the top online video sports properties this year (recently with more viewers than Yahoo Sports, ESPN and SI Digital) by focusing exclusively on syndicating its content to larger 3rd-party publishers. 

As VideoNuze readers know, online video syndication has been a focus of mine for several years, as I’m a big believer that it’s critical for generating audience and revenues, particularly for smaller content providers that lack well-trafficked destinations. RealGravity is providing important infrastructure for fueling syndication, and recently I caught up with Luke McDonough, co-founder and CEO to learn more about what makes RealGravity different.

As Luke explained, RealGravity’s goal is to offer a robust video platform solution that content providers can use across their own site(s) and 3rd-party publishers. The RealGravity player can be custom-branded and skinned so that it fits into any 3rd-party environment. RealGravity’s analytics allow the content provider to get a complete view of how 3rd parties are performing as well as its own site(s). A big differentiator from other online video platforms (OVPs) is that RealGravity doesn’t require a commitment or charge a monthly fee. Rather, it charges a flat, CPM fee against streams that run with ads (there’s also a CPM option for streams that run ad-free). RealGravity believes its cost is 50-90% lower than other OVPs.

RealGravity also includes an ad server to support publishers’ direct sales efforts and is also integrated with all of the largest video ad networks. RealGravity does not have its own ad sales team, a distinction that Luke notes is important because it keeps the company from being perceived as competitive with its own customers’ and 3rd-party publishers’ sales activities. In addition, RealGravity offers a content marketplace, currently with over 500K videos, where content providers can upload their video and publishers can browse and select what they want. Content providers can set the terms of usage and ad sales responsibility.

Universal Sports is a good example of how RealGravity is being used by a specialized content provider to distribute to 3rd-party sports sites that have narrower but passionate audiences. In a call with Universal Sports’ VP/GM, Digital Media Elliot Gordon and Director, Streaming Operations, Gus Elliott, they explained how they’ve used RealGravity to cherry-pick over a dozen key partners and deliver them exactly the video that’s appropriate to their audiences, in a Universal-branded player that’s skinned for each site (one example here). Elliott and Gus noted that it would take multiple relationships to achieve what RealGravity’s doing for them, and they’re able to work flexibly with each partner depending on their ad sales capabilities. Other RealGravity customers include Maxim, Metacafe, NBC, Howcast, VIBE and others coming soon.

With its cost-effective model and comprehensive solution RealGravity looks poised to become a key player in the growing syndication space.


Filed Under: Uncategorized

Top Ten Lessons from Steve Jobs

October 7, 2011 by bev Leave a Comment

 

He’s irreplaceable.  We’ll never see anyone else like him.  Edison, Einstein, Henry Ford… he has left an indelible mark on our society in the last 35 years and for many more to come.

Yet, despite his greatness, he also taught us that he’s just a man.  He got up every day, like you and me.  He kissed his family goodbye and he threw his heart and soul into his work – his passion — just like we can.

We all can be great.  If we try, we’ll honor him.

Here are the Top Ten Lessons Steve Jobs taught us:

1. The most enduring innovations marry art and science – Steve has always pointed out that the biggest difference between Apple and all the other computer (and post-PC) companies through history is that Apple always tried to marry art and science.  Jobs pointed out the original team working on the Mac had backgrounds in anthropology, art, history, and poetry.  That’s always been important in making Apple’s products stand out.  It’s the difference between the iPad and every other tablet computer that came before it or since.  It is the look and feel of a product.  It is its soul.  But it is such a difficult thing for computer scientists or engineers to see that importance, so any company must have a leader that sees that importance.

2. To create the future, you can’t do it through focus groups – There is a school of thought in management theory that — if you’re in the consumer-facing space building products and services — you’ve got to listen to your customer.  Steve Jobs was one of the first businessmen to say that was a waste of time.  The customers today don’t always know what they want, especially if it’s something they’ve never seen, heard, or touched before.  When it became clear that Apple would come out with a tablet, many were skeptical.  When people heard the name (iPad), it was a joke in the Twitter-sphere for a day.  But when people held one, and used it, it became a ‘must have.’  They didn’t know how they’d previously lived without one.  It became the fastest growing Apple product in its history.  Jobs (and the Apple team) trusted himself more than others.  Picasso and great artists have done that for centuries.  Jobs was the first in business.

3. Never fear failure – Jobs was fired by the successor he picked.  It was one of the most public embarrassments of the last 30 years in business.  Yet, he didn’t become a venture capitalist never to be heard from again.  He didn’t start a production company and do a lot of lunches.  He picked himself up and got back to work following his passion.  Eight years ago, he was diagnosed with pancreatic cancer and told he only had a few weeks to live.  As Samuel Johnson said, there’s nothing like your impending death to focus the mind.  From Jobs’ 2005 Stanford commencement speech:

No one wants to die. Even people who want to go to heaven don’t want to die to get there. And yet death is the destination we all share. No one has ever escaped it. And that is as it should be, because Death is very likely the single best invention of Life. It is Life’s change agent. It clears out the old to make way for the new. Right now the new is you, but someday not too long from now, you will gradually become the old and be cleared away. Sorry to be so dramatic, but it is quite true.

Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma — which is living with the results of other people’s thinking. Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.

4. You can’t connect the dots forward – only backward – This is another gem from the 2005 Stanford speech.  The idea behind the concept is that, as much as we try to plan our lives ahead in advance, there’s always something that’s completely unpredictable about life.  What seems like bitter anguish and defeat in the moment — getting dumped by a girlfriend, not getting that job at McKinsey, “wasting” 4 years of your life on a start-up that didn’t pan out as you wanted — can turn out to sow the seeds of your unimaginable success years from now.  You can’t be too attached to how you think your life is supposed to work out and instead trust that all the dots will be connected in the future.  This is all part of the plan.

Again, you can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something — your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.

5. Listen to that voice in the back of your head that tells you if you’re on the right track or not – Most of us don’t hear a voice inside our heads.  We’ve simply decided that we’re going to work in finance or be a doctor because that’s what our parents told us we should do or because we wanted to make a lot of money.  When we consciously or unconsciously make that decision, we snuff out that little voice in our head.  From then on, most of us put it on automatic pilot.  We mail it in.  You have met these people.  They’re nice people.  But they’re not changing the world.  Jobs has always been a restless soul.  A man in a hurry.  A man with a plan.  His plan isn’t for everyone.  It was his plan. He wanted to build computers.  Some people have a voice that tells them to fight for democracy.  Some have one that tells them to become an expert in miniature spoons.  When Jobs first saw an example of a Graphical User Interface — a GUI — he knew this was the future of computing and that he had to create it.  That became the Macintosh.  Whatever your voice is telling you, you would be smart to listen to it.  Even if it tells you to quit your job, or move to China, or leave your partner.

 

6. Expect a lot from yourself and others – We have heard stories of Steve Jobs yelling or dressing down staff.  He’s a control freak, we’ve heard – a perfectionist.  The bottom line is that he is in touch with his passion and that little voice in the back of his head.  He gives a damn.  He wants the best from himself and everyone who works for him.  If they don’t give a damn, he doesn’t want them around.  And yet — he keeps attracting amazing talent around him.  Why?  Because talent gives a damn too.  There’s a saying: if you’re a “B” player, you’ll hire “C” players below you because you don’t want them to look smarter than you.  If you’re an “A” player, you’ll hire “A+” players below you, because you want the best result.

7. Don’t care about being right.  Care about succeeding – Jobs used this line in an interview after he was fired by Apple.  If you have to steal others’ great ideas to make yours better, do it.  You can’t be married to your vision of how a product is going to work out, such that you forget about current reality.  When the Apple III came out, it was hot and warped its motherboard even though Jobs had insisted it would be quiet and sleek.  If Jobs had stuck with Lisa, Apple would have never developed the Mac.

8. Find the most talented people to surround yourself with – There is a misconception that Apple is Steve Jobs.  Everyone else in the company is a faceless minion working to please the all-seeing and all-knowing Jobs.  In reality, Jobs has surrounded himself with talent: Phil Schiller, Jony Ive, Peter Oppenheimer, Tim Cook, the former head of stores Ron Johnson.  These are all super-talented people who don’t get the credit they deserve.  The fact that Apple’s stock price has been so strong since Jobs left as CEO is a credit to the strength of the team.  Jobs has hired bad managerial talent before.  John Sculley ended up firing Jobs and — according to Jobs — almost killing the company.  Give credit to Jobs for learning from this mistake and realizing that he can’t do anything without great talent around him.

9. Stay hungry, stay foolish - Again from the end of Jobs’ memorable Stanford speech:

When I was young, there was an amazing publication called The Whole Earth Catalog, which was one of the bibles of my generation. It was created by a fellow named Stewart Brand not far from here in Menlo Park, and he brought it to life with his poetic touch. This was in the late 1960′s, before personal computers and desktop publishing, so it was all made with typewriters, scissors, and polaroid cameras. It was sort of like Google in paperback form, 35 years before Google came along: it was idealistic, and overflowing with neat tools and great notions.

Stewart and his team put out several issues of The Whole Earth Catalog, and then when it had run its course, they put out a final issue. It was the mid-1970s, and I was your age. On the back cover of their final issue was a photograph of an early morning country road, the kind you might find yourself hitchhiking on if you were so adventurous. Beneath it were the words: “Stay Hungry. Stay Foolish.” It was their farewell message as they signed off. Stay Hungry. Stay Foolish. And I have always wished that for myself. And now, as you graduate to begin anew, I wish that for you.

Stay Hungry. Stay Foolish.

10. Anything is possible through hard work, determination, and a sense of vision – Although he’s the greatest CEO ever and the father of the modern computer, at the end of the day, Steve Jobs is just a guy.  He’s a husband, a father, a friend — like you and me.  We can be just as special as he is — if we learn his lessons and start applying them in our lives.  When Jobs returned to Apple in the 1990s, it was was weeks away from bankruptcy.  It’s now the biggest company in the world.  Anything’s possible in life if you continue to follow the simple lessons laid out above.

May you change the world.

By Eric Jackson

Filed Under: entrepreneurship
« Older Posts
Newer Posts »

Recent Posts

  • Mining “Happiness Moments” at Mobile-Rewards Startup Kiip
  • People Search Engine Ark Raises Biggest Y Combinator Seed Round Ever
  • 150 Resources for Tech Startups
  • Why Earned Media Alone Won’t Cut It
  • This is Us: Brian Wong
  • The Twitter API returned an error while processing your request. Please try again.

Return to top of page

c 2011 TransmediaCapital LLC