The Next Pinterest or Twitter? Review of the next big Start Up Companies

Y Combinator was set up in 2005 and put into place a new model of funding for start up’s. They invest a small amount of money (average $18k) in a large number of start up technology firms. Each of these start ups’s will move to Silicon Valley for 3 months where Y Combinator will work intensively with them to get them in the best possible shape to pitch to investors. Each of the start up’s will then present to a large audience on Demo day.

To date they have assisted in the start up of over 385 companies. Here are my favourites from this years Demo Day which happened on March 27th.

the next big start up company, tech, silicon value, y combinator

Pair : This one is a little bit cheesy but it could be a lot of peoples dirty little secret!  A private social network for couples.  Pair lets two people create a private timeline where they share photos, videos, sketches, activities and more. The iPhone app, which launched just four days ago, has already garnered more than 50,000 registered users who have used Pair to send more than 1 million messages. Pair has received funding from SV Angel and Path founder Dave Morin, who told Pair’s team that Facebook has created social networking’s “cities,” Path is building its “houses,” and Pair is like its “bedroom.” I think the the one-click “Thinking of you” button could be a big hit with guys.

Priceonomics: With the ever blurring line between online and offline purchase decisions I think this one will be huge.  An online price guide for anything. Type in anything you want to own and it will tell you how much it should cost, like a Kelly Blue Book for smartphones, laptops, TVs, stereos, etc. Priceonomics crawls through hundreds of millions of transactions to find out what people are selling and how much they’re selling it for. It got 250,000 page views in March, plans to make money through targeted advertising, and already has funding from SV Angel, Andreessen Horowitz, CrunchFund, and several angels.

Sonalight: If anyone is on the road as much as me this will be great. I have even looked for an app like this before unsuccessfully so it is definitely going on my list.Touting itself as “Siri on steroids,” Sonalight is an app aimed at letting you send text messages while driving by using just your voice. The app purportedly works even while a phone is your pocket. Already, the app has been used to send 500,000 text messages at a rate of 50,000 per week since its debut back in October.

Midnox: Why is it that my perfect videos from a night out always seem so wobbly the next morning…?! Well  the Luma is an iPhone app that stabilizes the videos taken with a mobile phone in real time. The app also adds full resolution visual filters in real time, which are “non-disruptive,” meaning that they can be changed or removed after recording is over. The company has also built editing tools and sharing features for the videos taken with Luma.

Some really great start up’s there so keep your eyes open and I’m sure we will be seeing them in no time.

 

Chirpify – Will People Buy Things On Twitter?

With Facebook’s IPO on the horizon and the success stories of other tech companies like Google, Apple and even Netscape still fresh in our minds, there seems to be increased media attention on the latest start up’s potential tech stars of the future. I recently blogged about Pinterest, the fastest growing social platform online, and today I wanted to have a quick look at another company which has caught my eye.

Facebook IPO Social Commerce, Start Up Companies, Chirpify

Chirpify enables businesses and consumers to buy, sell, donate and exchange funds on Twitter, turning Tweets into transactions. Everyone keeps saying social commerce is the next big thing. On a basic level this means giving people the ability to purchase products directly through social media sites. This is already relatively prominent through the likes of Facebook even if a lot of these products aren’t actually real. Last year Zynga made up 12% of Facebook’s massive revenue, and that was largely through the sale of virtual components for their games.

Looking to the not to distant future though companies are likely to leverage the concept of influencers by offering people the ability to earn discounts by sharing products they like or have bought and thus encouraging others to buy them too.

Lockerz, which has received a whole bunch of funding itself over the last two years has just recently launched a Pinterest like pin board platform, where users can actually gain points which can then be used for purchases, by pinning items to their own boards.

So with these media rich social platforms all trying to coax people out of bricks and mortar stores and online to make their purchases, what hope does a company aiming to use 140 characters to get people to buy have?

There is already a certain degree of selling happening through Twitter. Brands send out links to discounted offers, or celebrities use the micro blogging site to flog their own merchandise to their followers but all of this happens outside of Twitter. People click on a link and are brought some place else where they can make purchases. The whole process isn’t exactly seamless.

What Chirpify does is to allow people to buy, sell, donate and transact directly on Twitter simply by replying to a Tweet. This is done by integrating Chirpify and Pay Pal directly with your Twitter account. Users can then purchase an item on Twitter by simple replying to a Tweet listing with the word buy. This could certainly make for some interesting drunken purchases if it is in fact as easy as this to transact.

Social commerce, buying things drunk, Chirpify

There also seems to be potential for donations and with the every tech savvy Obama camp gearing up for another election campaign, being able to get set priced donations directly from people on Twitter simply by them replying donate, seems like a huge benefit.

Another feature which I thought was cool was that it provides an easy platform for people to exchange money. For example if you and a friend or splitting a bill. One of you can simply pay the other person by directly responding to a tweet.

However the fact of the matter is that most of these things can be done already,directly through Pay Pal, but leveraging the huge user base of Twitter might just catch on.

Some start up’s get millions in funding, and the fact that Chirpify, formally known as       sell simp.ly got their first investment of just $50,000 recently, might suggest it is small scale. But with social media sites determined to do all it takes to keep users on their site rather than sending them elsewhere, perhaps…Twitter themselves might come knocking?!

Twitter interest in start ups