Money Monday: CreateMyNet and SiteVista

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In our first “Money Mondays” we showcase two startups looking for their first round of proper funding. If you would like to be part of a Money Mondays showcase, see here for more information and here for details, and here for the contact form.

They say:CreateMyNet allows people to build business and professional network communities… via secure environments that deliver rich interactive multimedia, messaging, mobile, telephony and wireless services. The business has the potential to grow exponentially and at 81% gross profit on over a £1,000,000 turnover represents a significant return on investment for all investors into the business. £150,000 is required within the first year for this start up business. Initial response has been positive. Revenue streams are subscriptions, advertising, equipment sales and affiliate marketing.”

We say: CreateMyNet is a plucky effort, but since it is licensing Userplane software for most of its service, it appears to have little intellectual capital inside the service. And the online business networking space is already utterly crowded with bigger rivals. See our earlier review here. Next!

Contact: seyi [@] createmynet.com

They say:SiteVista is a web-based service which allows web designers and web application developers to test the sites they develop across different platforms and web browsers. Running since June 2004, with a team of three developing the service alongside our own freelance client work. Good number of real customers who subscribe for $29/month. A new tool ready to launch which will let our customers test their HTML email newsletters across a broad range of both web-based and software email clients. Equity of the company is split between its three founders, Paul Farnell, David Smalley and Matthew Brindley.

We say: Someone had to call the site testing “gurus” – who often charge thousands – one day, and it looks like three lads may have done it. This is an admirable effort from some clearly talented developers who have really kept their focus, rather than gone off in unrelated directions to the task in hand. Worthy of a look, even at the demo video, and quite possibly worth hiring as an entire team in one fell swoop, whether you like the application or not.

Contact: paul [@] salted.com

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