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	<title>TechCrunch &#187; buxfer</title>
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		<title>TechCrunch &#187; buxfer</title>
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		<title>Buxfer&#039;s Founders Both Work For Facebook. Who Works For Buxfer?</title>
		<link>http://techcrunch.com/2010/08/17/buxfers-founders-both-work-for-facebook-who-works-for-buxfer/</link>
		<comments>http://techcrunch.com/2010/08/17/buxfers-founders-both-work-for-facebook-who-works-for-buxfer/#comments</comments>
		<pubDate>Tue, 17 Aug 2010 07:31:16 +0000</pubDate>
		<dc:creator>Michael Arrington</dc:creator>
				<category><![CDATA[TC]]></category>
		<category><![CDATA[buxfer]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[DEADPOOL]]></category>

		<guid isPermaLink="false">http://techcrunch.com/?p=208464</guid>
		<description><![CDATA[<a href="http://buxfer.com/">Buxfer</a> is a social payments service that <a href="http://techcrunch.com/2007/03/02/billmonk-has-a-half-brother/">launched</a> in 2007 as part of that <a href="http://techcrunch.com/2007/03/09/demo-day-y-combinators-spring-chicks/">class</a> of new Y Combinator companies. The site is still live and working, but a user, <a href="http://www.google.com/profiles/sean.leather">Sean Leather</a>, emailed us to say it's a bit of a ghost town.

The blog has been taken down and was last updated in 2009. The last <a href="http://twitter.com/buxfer">tweet</a> was on October 9, 2009, six days after their first tweet. And users are wondering if the site is dead over on <a href="http://getsatisfaction.com/buxfer/topics/is_buxfer_dead">Get Satisfaction</a>.

So what happened? The two founders, <a href="http://www.crunchbase.com/person/shashank-pandit">Shashank Pandit</a> and <a href="http://www.crunchbase.com/person/ashwin-bharambe">Ashwin Bharambe</a>, took jobs at Facebook. Bhramabe joined Facebook way back in October 2008, as <a href="http://www.buxfer.com/about.php">noted</a> on Buxfer's About page. But according to Pandit's LinkedIn <a href="http://www.linkedin.com/in/shashankpandit">profile</a>, he too left the company in June and has been full time at Facebook since late 2009.]]></description>
			<content:encoded><![CDATA[<p><a href="http://buxfer.com/">Buxfer</a> is a social payments service that <a href="http://techcrunch.com/2007/03/02/billmonk-has-a-half-brother/">launched</a> in 2007 as part of that <a href="http://techcrunch.com/2007/03/09/demo-day-y-combinators-spring-chicks/">class</a> of new Y Combinator companies. The site is still live and working, but a user, <a href="http://www.google.com/profiles/sean.leather">Sean Leather</a>, emailed us to say it&#8217;s a bit of a ghost town.</p>
<p>The blog has been taken down and was last updated in 2009. The last <a href="http://twitter.com/buxfer">tweet</a> was on October 9, 2009, six days after their first tweet. And users are wondering if the site is dead over on <a href="http://getsatisfaction.com/buxfer/topics/is_buxfer_dead">Get Satisfaction</a>.</p>
<p>So what happened? The two founders, <a href="http://www.crunchbase.com/person/shashank-pandit">Shashank Pandit</a> and <a href="http://www.crunchbase.com/person/ashwin-bharambe">Ashwin Bharambe</a>, took jobs at Facebook. Bhramabe joined Facebook way back in October 2008, as <a href="http://www.buxfer.com/about.php">noted</a> on Buxfer&#8217;s About page. But according to Pandit&#8217;s LinkedIn <a href="http://www.linkedin.com/in/shashankpandit">profile</a>, he too left the company in June and has been full time at Facebook since late 2009.</p>
<p>So is Buxfer dead or just walking dead? And does it really matter?</p>
<p>Yes, in my opinion. Buxfer also raised a <a href="http://www.crunchbase.com/company/buxfer">$300,000</a> angel round of financing. I haven&#8217;t been able to speak to the investors yet, but it seems like they&#8217;re a lot less likely to see a return on their investment with the founders working at Facebook full time and no other employees around to run the site.</p>
<p>There&#8217;s likely a perfectly reasonable explanation for all of this, and the investors, I&#8217;ll assume unless they say otherwise, are probably resigned to a capital gains writeoff. It may be that the founders made a valiant effort at making Buxfer work, and simply took other jobs when it was clear that it wasn&#8217;t. And there&#8217;s no real reason to shut the site down as long as people&#8217;s financial information isn&#8217;t jeopardized, I guess. But, generally speaking, you don&#8217;t walk away from a startup, and your investors, when there&#8217;s still a pulse. It&#8217;s just bad form.</p>
<p>This looks like (it might be) another example of a trend we&#8217;ve been seeing for some time &#8211; Facebook and Zynga &#8220;acquiring&#8221; startups for their engineers, giving those engineers rich stock options but leaving investors with little more than their money back. Investors don&#8217;t balk publicly because they want to maintain an entrepreneur-friendly reputation. But behind the scenes they&#8217;re livid.</p>
<p>I <a href="http://techcrunch.com/2010/07/28/facebook-to-pay-10-million-cash-for-hot-potato-says-source/">described the issue</a> recently:</p>
<blockquote><p>Most investors won’t balk publicly at deals like this, they’re way too concerned that they’re seen as entrepreneur-friendly so that they can get access to future deals. But privately they gripe (in general, nothing specific to this deal). Putting money to work for only a 1x or 2x return is a great way to go out of business for startup investors, when so many of their deals never pay anything back at all.</p>
<p>In fact some of these deals could theoretically be a violation of various corporate and securities laws that require shareholders of a given class to be treated equally in an acquisition. But without investors actually complaining, it’s unlikely any lawyers will ever get involved.</p>
<p>Also, stock options are clearly being granted for future services of the acquired employees, not for past work done at the acquired startup.</p>
<p>Another way investors can “complain” is by simply scuttling the deal – they usually have veto rights over an acquisition baked into their deal agreements when they invest. But that, again, would be seen as completely anti-entrepreneur and would kill future deal flow.</p>
<p>So for now investors will simply grin and bear it. But as these types of deals become more and more common we may see changes to various state corporate laws in the future that put limits on how much consideration might be given in cash to investors in an acquisition v. how much is given to active employees in stock options on an acquisition.</p></blockquote>
<p>Entrepreneurs need to remember that they have a reputation, too. They need to treat investors fairly, or the next time they go to raise a round for their shiny new startup they may find nothing but closed doors. At least one recent Facebook acquisition almost erupted into a lawsuit when investors said they didn&#8217;t like the deal, we&#8217;ve heard.  Sometime soon we may see things turn ugly.</p>
<p></p>
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			<media:title type="html">michael-arrington</media:title>
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		<title>Tree.com Acquires Mint Competitor Thrive</title>
		<link>http://techcrunch.com/2009/02/06/treecom-acquires-mint-competitor-thrive/</link>
		<comments>http://techcrunch.com/2009/02/06/treecom-acquires-mint-competitor-thrive/#comments</comments>
		<pubDate>Fri, 06 Feb 2009 14:27:09 +0000</pubDate>
		<dc:creator>Robin Wauters</dc:creator>
				<category><![CDATA[TC]]></category>
		<category><![CDATA[Tree.com]]></category>
		<category><![CDATA[Thrive]]></category>
		<category><![CDATA[RealEstate.com]]></category>
		<category><![CDATA[Mint]]></category>
		<category><![CDATA[Loudwater Labs]]></category>
		<category><![CDATA[lendingtree]]></category>
		<category><![CDATA[JustThrive]]></category>
		<category><![CDATA[Geezeo]]></category>
		<category><![CDATA[buxfer]]></category>
		<category><![CDATA[Wesabe]]></category>

		<guid isPermaLink="false">http://www.techcrunch.com/?p=41802</guid>
		<description><![CDATA[New York-based <a href="http://www.crunchbase.com/company/loudwater-labs">Loudwater Labs</a> has sold the assets of its online personal finance management application <a href="http://www.justthrive.com">Thrive</a> to <a href="http://tree.com">Tree.com</a> (Nasdaq:TREE), the company behind services such as the formerly IAC-owned <a href="http://www.lendingtree.com/">LendingTree</a> and <a href="http://www.realestate.com/">RealEstate.com</a>. This means that the publicly listed Tree.com now has a very good resource in its hands as well as sufficient reach to give <a href="http://www.crunchbase.com/company/mint">Mint</a> and other personal finance management tools like <a href="http://www.crunchbase.com/company/wesabe">Wesabe</a>, <a href="http://www.crunchbase.com/company/geezeo">Geezeo</a> and <a href="http://www.crunchbase.com/company/buxfer">Buxfer</a> a run for their money.

Tree.com Chairman and CEO Doug Lebda commented that the acquisition of Thrive is a perfect fit with the strategic vision of Tree.com, and you don't have to be a genius to see that he has a point there. Tree.com operates a <a href="http://tree.com/our-businesses.aspx">number of strong brands</a> in the financial and real estate space, and its customer base can clearly benefit from free tools like Thrive which enable users to better monitor, manage and improve their personal financial health, particularly in the tough economic times we're in.]]></description>
			<content:encoded><![CDATA[<p>New York-based <a href="http://www.crunchbase.com/company/loudwater-labs">Loudwater Labs</a> has sold the assets of its online personal finance management application <a href="http://www.justthrive.com">Thrive</a> to <a href="http://tree.com">Tree.com</a> (Nasdaq:TREE), the company behind services such as the formerly IAC-owned <a href="http://www.lendingtree.com/">LendingTree</a> and <a href="http://www.realestate.com/">RealEstate.com</a>. This means that the publicly listed Tree.com now has a very good resource in its hands as well as sufficient reach to give <a href="http://www.crunchbase.com/company/mint">Mint</a> and other personal finance management tools like <a href="http://www.crunchbase.com/company/wesabe">Wesabe</a>, <a href="http://www.crunchbase.com/company/geezeo">Geezeo</a> and <a href="http://www.crunchbase.com/company/buxfer">Buxfer</a> a good run for their money.</p>
<p>Tree.com Chairman and CEO Doug Lebda commented that the acquisition of Thrive is a perfect fit with the strategic vision of Tree.com, and you don&#8217;t have to be a genius to see that he has a point there. Tree.com operates a <a href="http://tree.com/our-businesses.aspx">number of strong brands</a> in the financial and real estate space, and its customer base can clearly benefit from free tools like Thrive which enable users to better monitor, manage and improve their personal financial health, particularly in the tough economic times we&#8217;re in.</p>
<p>According to its website (which also includes <a href="https://www.justthrive.com/footerpages/company/bios.seam">funny bios</a> for their team members), $225,209,097 is currently managed with the help of Thrive at the time of this writing. For the sake of comparison, Mint says it&#8217;s tracking $50 billion in transactions, $15 billion in assets and has identified more than $100 million in potential savings for its users.</p>
<p>The terms of the acquisition were not disclosed and are said not to have had a material impact on the operations of Tree.com. According to the about-page, Thrive&#8217;s investors included current and former executives from Paypal, Citigroup Investment Banking and Limewire.</p>
<div class="cbw snap_nopreview">
<div class="cbw_header">
<div class="cbw_header_text"><a href="http://www.crunchbase.com/" rel="nofollow">CrunchBase Information</a></div>
</div>
<div class="cbw_content">
<div class="cbw_subheader"><a href="http://www.crunchbase.com/company/loudwater-labs">Loudwater Labs</a></div>
<div class="cbw_subcontent"></div>
<div class="cbw_subheader"><a href="http://www.crunchbase.com/company/mint">Mint</a></div>
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			<media:title type="html">robinw</media:title>
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		<title>Finnish Startup Scred Adds Another Way To Divvy Up Debts Between Friends</title>
		<link>http://techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/</link>
		<comments>http://techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/#comments</comments>
		<pubDate>Thu, 03 Apr 2008 15:39:48 +0000</pubDate>
		<dc:creator>Erick Schonfeld</dc:creator>
				<category><![CDATA[BillMonk]]></category>
		<category><![CDATA[buxfer]]></category>
		<category><![CDATA[Obopay]]></category>
		<category><![CDATA[Skred]]></category>

		<guid isPermaLink="false">http://www.techcrunch.com/2008/04/03/finnish-startup-scred-adds-another-way-to-divvy-up-debts-between-friends/</guid>
		<description><![CDATA[Today, at the Next Web conference, I met the founders of Scred, a Finnish startup that lets friends manage their their debts to each other. Scred is an application that makes it easy to split up tabs at restaurants or bars. You can download a mobile version to your phone, for easy bill-splitting calculations after a few rounds. Competitors include BillMonk, Buxfer, and Obopay. But Scred has a few European twists. Managing currency conversions is no problem. If I am chipping in for a meal in Amsterdam, it can tell me how much I owe in dollars and how much my Dutch friends owe in Euros. It also lets you pool debts between friends. So if I owe you $5, and you owe our mutual friend Nancy $7, it automatically allocates my $5 to Nancy. CrunchBase Information Scred BillMonk Buxfer obopay Information provided by CrunchBase]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.crunchbase.com/company/scred"></a>Today, at the <a href="http://www.techcrunch.com/2008/04/03/live-from-the-next-web-2008/">Next Web</a> conference, I met the founders of <a href="https://www.scred.com/index">Scred</a>, a Finnish startup that lets friends manage their their debts to each other.  Scred is an application that makes it easy to split up tabs at restaurants or bars.  You can download a mobile version to your phone, for easy bill-splitting calculations after a few rounds.  Competitors include BillMonk, Buxfer, and Obopay.</p>
<p>But Scred has a few European twists.  Managing currency conversions is no problem.  If I am chipping in for a meal in Amsterdam, it can tell me how much I owe in dollars and how much my Dutch friends owe in Euros.  It also lets you pool debts between friends.  So if I owe you $5, and you owe our mutual friend Nancy $7, it automatically allocates my $5 to Nancy.</p>
<div class="cbw snap_nopreview">
<div class="cbw_header">
<div class="cbw_header_text"><a href="http://www.crunchbase.com/">CrunchBase Information</a></div>
</div>
<div class="cbw_content">
<div class="cbw_subheader"><a href="http://www.crunchbase.com/company/scred">Scred</a></div>
<div class="cbw_subcontent"></div>
<div class="cbw_subheader"><a href="http://www.crunchbase.com/company/billmonk">BillMonk</a></div>
<div class="cbw_subcontent"></div>
<div class="cbw_subheader"><a href="http://www.crunchbase.com/company/buxfer">Buxfer</a></div>
<div class="cbw_subcontent"></div>
<div class="cbw_subheader"><a href="http://www.crunchbase.com/company/obopay">obopay</a></div>
<div class="cbw_subcontent"></div>
<div class="cbw_footer">Information provided by <a href="http://www.crunchbase.com/">CrunchBase</a></div>
</div>
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			<media:title type="html">erick</media:title>
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		<title>Buxfer Adds Payments; Now Perfect For Settling Your Bar Tab</title>
		<link>http://techcrunch.com/2007/08/03/buxfer-adds-payments-now-perfect-for-settling-your-bar-tab/</link>
		<comments>http://techcrunch.com/2007/08/03/buxfer-adds-payments-now-perfect-for-settling-your-bar-tab/#comments</comments>
		<pubDate>Fri, 03 Aug 2007 18:08:50 +0000</pubDate>
		<dc:creator>Nick Gonzalez</dc:creator>
				<category><![CDATA[buxfer]]></category>

		<guid isPermaLink="false">http://www.techcrunch.com/2007/08/03/buxfer-adds-payments-now-perfect-for-settling-your-bar-tab/</guid>
		<description><![CDATA[Social payment service Buxfer has added peer to peer payments to its money management system. The payment system is supported through Amazon&#8217;s new Flexible Payments web service we reported on earlier. Buxfer is one of the first companies on the service&#8217;s private beta along with Jungle Disk, Freshbooks, and Beetlabs. Buxfer will be footing the bill for the 1-2% transaction fees till the end of August. They will also be rewarding users that add their friends to the service. Buxfer, similar to Billmonk (sold to Obopay last year), lets you track and tag your expenses with friends and groups. Social payment sites like these aren&#8217;t meant to replace beefier accounting applications like Quicken or Wesabe, but rather easily track account balances with a heavy social networking component. You can either add you payments to Buxfer manually or import a payment statement from your bank, Quicken, or Microsoft Money. Having your payments on Buxfer lets you manage your balances with friends and analyze your expenses over time through pie charts and graphs. Since we last covered them, Buxfer has added a Facebook, mobile, and iPhone application. The new payment system adds the option to &#8220;send a payment&#8221;. Sending a payment requires the email of Buxfer account you want to send the payment to and the amount. Submitting the transaction will take you to Amazon Payment&#8217;s site, which will handle the rest of the process. If the recipient has an Amazon account, the money will simply be deposited. Unfortunately, If they don&#8217;t have an account, Amazon will just pester you to get your friend on the service before the transaction can be completed.]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.crunchbase.com/company/buxfer"></a>Social payment service <a href="http://buxfer.com">Buxfer</a> has added peer to peer payments to its money management system. The payment system is supported through Amazon&#8217;s new Flexible Payments web service we <a href="http://www.techcrunch.com/2007/08/01/amazon-to-launch-payments-services-will-compete-with-paypal-and-google-checkout/">reported</a> on earlier. Buxfer is one of the first companies on the service&#8217;s private beta along with Jungle Disk, <a href="http://www.techcrunch.com/2007/06/28/freshbooks-launches-open-api/">Freshbooks</a>, and Beetlabs. Buxfer will be footing the bill for the 1-2% transaction fees till the end of August. They will also be rewarding users that add their friends to the service.</p>
<p>Buxfer, similar to Billmonk (<a href="http://www.techcrunch.com/2007/01/30/minimerger-obopay-aquires-billmonk/">sold</a> to <a href="http://www.techcrunch.com/2006/03/29/obopay-set-to-launch-more-mobile-payments/">Obopay</a> last year), lets you track and tag your expenses with friends and groups. Social payment sites like these aren&#8217;t meant to replace beefier accounting applications like Quicken or <a href="http://www.crunchbase.com/company/wesabe">Wesabe</a>, but rather easily track account balances with a heavy social networking component. You can either add you payments to Buxfer manually or import a payment statement from your bank, Quicken, or Microsoft Money. Having your payments on Buxfer lets you manage your balances with friends and analyze your expenses over time through pie charts and graphs. Since we last covered them, Buxfer has added a <a href="http://www.facebook.com/apps/application.php?id=2216806192&amp;b&amp;ref=pd">Facebook</a>, <a href="http://m.buxfer.com">mobile</a>, and iPhone application.</p>
<p>The new payment system adds the option to &#8220;send a payment&#8221;. Sending a payment requires the email of Buxfer account you want to send the payment to and the amount. Submitting the transaction will take you to Amazon Payment&#8217;s site, which will handle the rest of the process. If the recipient has an Amazon account, the money will simply be deposited. Unfortunately, If they don&#8217;t have an account, Amazon will just pester you to get your friend on the service before the transaction can be completed.</p>
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		<title>Geezeo: Check Your Bank Account on the Go</title>
		<link>http://techcrunch.com/2007/05/14/geezeo-check-your-bank-account-on-the-go/</link>
		<comments>http://techcrunch.com/2007/05/14/geezeo-check-your-bank-account-on-the-go/#comments</comments>
		<pubDate>Tue, 15 May 2007 01:58:26 +0000</pubDate>
		<dc:creator>Blake Robinson</dc:creator>
				<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Analysis]]></category>
		<category><![CDATA[mobile2.0]]></category>
		<category><![CDATA[MobileCrunch]]></category>
		<category><![CDATA[Geezeo]]></category>
		<category><![CDATA[buxfer]]></category>
		<category><![CDATA[BillMonk]]></category>

		<guid isPermaLink="false">http://mobilecrunch.com/2007/05/14/geezeo-check-your-bank-account-on-the-go/</guid>
		<description><![CDATA[Geezeo Mobile is the first in a suite of mobile financial applications aimed at the 18 &#8211; 35 and student demographic. The new application Geezeo Mobile lets you check you banking balance on the go. To get started, you can sign into Geezeo by setting up an account with them, or using your existing Gmail user name and password. Once logged in, you can add your various bank accounts to your profile. Unfortunately this requires you to hand over your banking credentials to this new startup out of Framingham, Massachusetts (Banks haven&#8217;t caught on to read/write privileges yet). The system seems to cover accounts for every financial institution I&#8217;ve heard of, from Bank of America to even the smaller credit unions. They have a good screencast here. Once your accounts are added, the system will be able to grab the latest balances of from your accounts. To access your balances on your mobile phone, you must first register your phone by texting Geezeo and a registration key to 41411. After registration, you can retrieve your balance simply by texting Geezeo to 41411. Geezeo is runs on Ruby on Rails, Amazon&#8217;s S3, and EC2 web services. Their planned revenue model is deliver contextual product advertisements. They also have plans to expand their services into credit cards, mortgages, car loans, student loans, and brokerages. Geezeo joins a few other finance 2.0 companies on the web, such as Buxfer and Billmonk, which was acquired by Obopay.]]></description>
			<content:encoded><![CDATA[<p>Geezeo Mobile is the first in a suite of mobile financial applications aimed at the 18 &#8211; 35 and student demographic. The new application Geezeo Mobile lets you check you banking balance on the go.</p>
<p>To get started, you can sign into Geezeo by setting up an account with them, or using your existing Gmail user name and password. Once logged in, you can add your various bank accounts to your profile. Unfortunately this requires you to hand over your banking credentials to this new startup out of Framingham, Massachusetts (Banks haven&#8217;t caught on to read/write privileges yet). The system seems to cover accounts for every financial institution I&#8217;ve heard of, from Bank of America to even the smaller credit unions. They have a good screencast <a href="http://s3.amazonaws.com/geezeo/geezeo_mobile_screencast.mov">here</a>.</p>
<p><span id="more-878"></span></p>
<p>Once your accounts are added, the system will be able to grab the latest balances of from your accounts. To access your balances on your mobile  phone, you must first register your phone by texting Geezeo and a registration key to 41411. After registration, you can retrieve your balance simply by texting Geezeo to 41411.</p>
<p>Geezeo is runs on Ruby on Rails, Amazon&#8217;s S3, and EC2 web services. Their planned revenue model is deliver contextual product advertisements. They also have plans to expand their services into credit cards, mortgages, car loans, student loans, and brokerages.</p>
<p>Geezeo joins a few other finance 2.0 companies on the web, such as <a href="http://www.techcrunch.com/2007/03/02/billmonk-has-a-half-brother/">Buxfer</a> and <a href="http://www.techcrunch.com/2007/01/30/minimerger-obopay-aquires-billmonk/">Billmonk</a>, which was acquired by Obopay.</p>
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		<title>Demo Day: Y Combinator&#039;s Spring Chicks</title>
		<link>http://techcrunch.com/2007/03/09/demo-day-y-combinators-spring-chicks/</link>
		<comments>http://techcrunch.com/2007/03/09/demo-day-y-combinators-spring-chicks/#comments</comments>
		<pubDate>Fri, 09 Mar 2007 08:11:12 +0000</pubDate>
		<dc:creator>Robin Wauters</dc:creator>
				<category><![CDATA[TC]]></category>
		<category><![CDATA[Snipshot]]></category>
		<category><![CDATA[octopart]]></category>
		<category><![CDATA[Heysan]]></category>
		<category><![CDATA[buxfer]]></category>
		<category><![CDATA[Auctomatic]]></category>
		<category><![CDATA[Socialmoth]]></category>
		<category><![CDATA[Tsumobi]]></category>
		<category><![CDATA[Zenter]]></category>
		<category><![CDATA[Y-Combinator]]></category>
		<category><![CDATA[Writewith]]></category>
		<category><![CDATA[Whitenoise]]></category>
		<category><![CDATA[Weebly]]></category>
		<category><![CDATA[Virtualmin]]></category>

		<guid isPermaLink="false">http://www.techcrunch.com/2007/03/09/demo-day-y-combinators-spring-chicks/</guid>
		<description><![CDATA[After Condé Nast, owner of Wired and other magazines/websites, acquired Y Combinator funded Reddit, people took notice. This wasn&#8217;t just some quirky incubator where they gave college students a few bucks to kick start their new companies (although it is that, too &#8211; their standard deal is $5000 + $5000 per founder, for 6%ish of the company) &#8211; real products were coming out of Y Combinator, and people started to notice. Y Combinator funds startups twice per year, in batches. Funded startups that have previously launched include Reddit, Kiko, Loopt, ClickFacts, TextPayMe, Snipshot, Inkling, Flagr, Wufoo, YouOS, PollGround, LikeBetter, Thinkature, JamGlue, Shoutfit, Scribd, Weebly, Buxfer, and Octopart. Today, Y Combinator invited in TechCrunch and a select group of investors and industry experts to view the current crop of companies, just getting ready to launch. Michael Arrington and I attended the sessions, and our notes on the new companies are below. Here&#8217;s a rundown of who presented, minus a few who are still in stealth mode: Zenter Zenter is an web based presentation app that promises to really take advantage of being online. Users will have the regular functionality of PowerPoint, but with the ability to directly add content from the web (Google Images). Each public slide show will also be put into a public library, for other users to remix or just drop into their show. Weebly Weebly is an AJAX website creator that recently joined Y Combinator. Weebly&#8217;s drag-n-drop interface lets you quickly put together a personal website any way you like. For the demonstration they recreated the Benchmark Capital website. They recently had a great upgrade to their site which included some slick new themes and layouts possibilities. Our previous coverage of Weebly is here and here. Virtualmin Virtualmin is taking on the lack of innovation in the server admin programs, like Plesk, by making a more accessable version for pages managed by the non-technical crowd. The program will feature simple installs of popular programs like content management systems that often cost extra on other providers. It will also let you administer your website from your desktop and mobile device. Octopart Vertical search engine Octopart, which launched not too long ago, focuses on putting an end the inadequate search engines used by electronics parts manufacturers. Octopart lets you search, compare prices, and view specifications for parts on Allied Electronics, Digi-Key, Mouser, and Newark InOne. They have a deal]]></description>
			<content:encoded><![CDATA[<p>After Condé Nast, owner of Wired and other magazines/websites, <a href="http://www.techcrunch.com/2006/10/31/breaking-news-conde-nastwired-acquires-reddit/">acquired Y Combinator funded Reddit</a>, people took notice. This wasn&#8217;t just some quirky incubator where they gave college students a few bucks to kick start their new companies (although it is that, too &#8211; their standard deal is $5000 + $5000 per founder, for 6%ish of the company) &#8211; real products were coming out of <a href="http://ycombinator.com/">Y Combinator</a>, and people started to notice.</p>
<p>Y Combinator funds startups twice per year, in batches. Funded startups that have previously launched include Reddit, Kiko, Loopt, ClickFacts, TextPayMe, Snipshot, Inkling, Flagr, Wufoo, YouOS, PollGround, LikeBetter, Thinkature, JamGlue, Shoutfit, Scribd, Weebly, Buxfer, and Octopart. Today, Y Combinator invited in TechCrunch and a select group of investors and industry experts to view the current crop of companies, just getting ready to launch. Michael Arrington and I attended the sessions, and our notes on the new companies are below.</p>
<p>Here&#8217;s a rundown of who presented, <u>minus a few who are still in stealth mode</u>:</p>
<p><strong>Zenter</strong><br />
<a href="http://zenter.com">Zenter</a> is an web based presentation app that promises to really take advantage of being online. Users will have the regular functionality of PowerPoint, but with the ability to directly add content from the web (Google Images). Each public slide show will also be put into a public library, for other users to remix or just drop into their show.</p>
<p><strong>Weebly</strong><br />
<a href="http://weebly.com"></a><a href="http://weebly.com">Weebly</a> is an AJAX website creator that recently joined <a href="http://www.techcrunch.com/2007/01/15/weebly-goes-with-ycombinator/">Y Combinator</a>. Weebly&#8217;s drag-n-drop interface lets you quickly put together a personal website any way you like. For the demonstration they recreated the Benchmark Capital website. They recently had a great upgrade to their site which included some slick new themes and layouts possibilities. Our previous <a href="http://www.techcrunch.com/2006/11/05/checking-out-weeblys-ajax-site-creator/">coverage of Weebly is here</a> and <a href="http://www.techcrunch.com/2007/01/15/weebly-goes-with-ycombinator/">here</a>.</p>
<p><strong>Virtualmin</strong><br />
<a href="http://virtualmin.com">Virtualmin</a> is taking on the lack of innovation in the server admin programs, like Plesk, by making a more accessable version for pages managed by the non-technical crowd. The program will feature simple installs of popular programs like content management systems that often cost extra on other providers. It will also let you administer your website from your desktop and mobile device.</p>
<p><strong>Octopart</strong><br />
Vertical search engine <a href="http://octopart.com">Octopart</a>, which <a href="http://www.techcrunch.com/2007/03/05/octopart-vertical-product-search-electrical-engineers/">launched</a> not too long ago, focuses on putting an end the inadequate search engines used by electronics parts manufacturers. Octopart lets you search, compare prices, and view specifications for parts on Allied Electronics, Digi-Key, Mouser, and Newark InOne. They have a deal with how-to hobbyist&#8217;s site, Instructables, to make buying parts for your project a snap. They&#8217;ve also got more parts supplies calling to get their data up on the site.</p>
<p><strong>Tsumobi</strong><br />
Mobile applications have so far been nightmares to implement. It&#8217;s often hard to gain adoption due to complicated installs and near impossible to get users to upgrade their version once the product has shipped. Tsumobi hopes to solve this problem by creating their own language. The new language will sit on top of J2ME and process applications downloaded (via URL) for Tsumobi enabled sites. This means that developers will be able to change Tsumobi applications on the fly and have Tsumobi enabled phones automatically get the updates just by visiting a link.</p>
<p><strong>Whitenoise Networks</strong><br />
<a href="http://www.whitenoisenetworks.com">Whitenoise</a> is like a social network for the music industry. It comes with specially made tools for bands, agents, publicists, and venues to manage each part of their business. Bands will be able to manage their cross country tours by map, using a venue search to find gigs in any town they&#8217;re passing through. Venues will get access to a full list of artists in their area along with samples and ways to reach their agent to book a show.</p>
<p><strong>Buxfer</strong><br />
<a href="http://buxfer.com">Buxfer</a> is Quicken for 20 somethings. As we <a href="http://www.techcrunch.com/2007/03/02/billmonk-has-a-half-brother/">covered before</a>, it solves a problem similar to <a href="http://www.techcrunch.com/2007/01/30/minimerger-obopay-aquires-billmonk/">Billmonk</a>, but with more advanced features. Buxfer tackles the unique needs of young people trying to find out where all their money evaporates to and reign in their expenses. To date, they&#8217;ve been tracking $8.4 million in over 30,000 transactions.</p>
<p><strong>Writewith.com</strong><br />
<a href="http://writewith.com">Writewith</a> is a collaborative writing web app, enabling you to easily flow through the steps of writing, editing, and publishing a document with a group. A document is started by uploading an existing document (.doc, .txt, .rdf) or just typing away. After the initial draft is completed, you can invite other editors by email and assign them tasks. Writewith has full version control and even lets you post comments to each other, making it possible to edit together in real time. Currently Writewith is in beta testing with 15 college newspapers including Stanford and two of Canada&#8217;s largest college papers (which even includes a national newswire).</p>
<p><strong>Socialmoth</strong><br />
<a href="http://socialmoth.com">Socialmoth</a> is a community to post your thoughts anonymously. You can view postings (mostly gossip and secrets) from the whole community as well as get updates for when someone in your group of friends makes a post. The vast majority of their members appear to be women, with over 600 posts being made per day. These guys will also be taking a new spin on their idea, launching <a href="http://disenchat.com/">Disenchat.com</a>, a place to post anonymously about your workplace. The system will verify your organization by email address (like Facebook) and let you start riffing. Outsiders will be able to see the existence of the forum and volume of posting, but not the specific comments.</p>
<p><strong>View3</strong><br />
<a href="http://view3.com">View3</a> plans on changing the way 3D models are made. Like Photosynth, View3 will let you walk into and explore 3D images of photos, but will let you use as little as one photo to get started. The project has been started by a group of 3 Stanford grad students and currently holds 2 patents in the area.<br />
<strong><br />
Auctomatic</strong><br />
eBay power users make an average of 400 listings per day. With 5 pages to fill to make a listing, that&#8217;s 2000 page views and a lot of clicking. <a href="http://auctomatic.com">Auctomatic</a> plans to make this a whole lot simpler first by cutting it down to a single page and then adding more management features on top. eBay sales management is a category currently dominated by Vendio and Marketworks, who together contribute about $1.8 billion dollars of goods to the auction giant. For their service, these providers often take a percentage of sales, as well as a monthly fee that can be as high as $400. Auctomatic plans to have more a more flexible program and pricing. They have already raised $400K in angel financing apart from Y Combinator.</p>
<p><strong>Snipshot</strong><br />
<a href="http://snipshot.com">Snipshot</a> is a photo editor that lets you start editing any photo with one click of a bookmarklet. You can use Snipshot to crop, resize, adjust colors, an automatically enhance you photos within your browser and then save it back to the web. There are a couple <a href="http://www.techcrunch.com/2007/02/04/online-photo-editing-overview/">other photo editors</a> in this category and Photoshop plans to get in as well.</p>
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		<title>Billmonk Has A Half Brother</title>
		<link>http://techcrunch.com/2007/03/02/billmonk-has-a-half-brother/</link>
		<comments>http://techcrunch.com/2007/03/02/billmonk-has-a-half-brother/#comments</comments>
		<pubDate>Sat, 03 Mar 2007 02:47:50 +0000</pubDate>
		<dc:creator>Wayne Ma</dc:creator>
				<category><![CDATA[TC]]></category>
		<category><![CDATA[Y-Combinator]]></category>
		<category><![CDATA[Wesabe]]></category>
		<category><![CDATA[Obopay]]></category>
		<category><![CDATA[buxfer]]></category>
		<category><![CDATA[BillMonk]]></category>

		<guid isPermaLink="false">http://www.techcrunch.com/2007/03/02/billmonk-has-a-half-brother/</guid>
		<description><![CDATA[Social/mobile payments site Billmonk had a mini merger with competitor Obopay last month (we called it a &#8220;battle for relevance&#8221; since PayPal has a strong product offering in the mobile space as well). Buxfer is another social money Y Combinator funded company that softly launched last September. It provides the same basic functionality of Billmonk, such as keeping a running total of debts and credits with your friends (only money), but has grown up a little and added some nice data visualization. Buxfer is deeper than Billmonk, letting you track and tag out your expenses with friends and groups over time. The groups option makes it great for managing debts between roommates or within a club. Billmonk is more geared to managing splitting debts between friends and lending out your stuff. Buxfer goes further, letting you analyze you expenses over time through a Google finance-style pie chart with adjustable time frame. Buxfer has gone to great lengths to make importing transactions as easy as possible. They currently support adding transactions to your account via SMS and the ability to import your credit card statements (.csv,.qfx,.ofx). From there you can tag and divide up your expenses as you see fit. What&#8217;s great is that these sites start with a simple day-to-day problem that can frustrates us all and present a solution. However, without intimate integration with payment services, it&#8217;s still a chore. I&#8217;m not so OCD that I will tag and text myself about every payment I make. Wesabe has payment integration, but is also going after the quicken market. Billmonk really benefited from integration with Obopay deal and perhaps Buxfer will find a similar partner.]]></description>
			<content:encoded><![CDATA[<p><a href="http://buxfer.com"></a>Social/mobile payments site Billmonk had a <a href="http://www.techcrunch.com/2007/01/30/minimerger-obopay-aquires-billmonk/">mini merger</a> with competitor Obopay last month (we called it a &#8220;battle for relevance&#8221; since <a href="http://www.techcrunch.com/2006/03/22/paypal-mobile-launches-and-its-awesome/">PayPal</a> has a strong product offering in the mobile space as well). <a href="http://buxfer.com">Buxfer</a> is another social money <a href="http://www.techcrunch.com/2007/02/21/y-combinator-taking-apps-have-idea-will-travel/">Y Combinator</a> funded company that softly launched last September. It provides the same basic functionality of Billmonk, such as keeping a running total of debts and credits with your friends (only money), but has grown up a little and added some nice data visualization.</p>
<p>Buxfer is deeper than Billmonk, letting you track and tag out your expenses with friends and groups over time. The groups option makes it great for managing debts between roommates or within a club. Billmonk is more geared to managing splitting debts between friends and lending out your stuff. Buxfer goes further, letting you analyze you expenses over time through a Google finance-style pie chart with adjustable time frame. Buxfer has gone to great lengths to make importing transactions as easy as possible. They currently support adding transactions to your account via SMS and the ability to import your credit card statements (.csv,.qfx,.ofx). From there you can tag and divide up your expenses as you see fit.</p>
<p>What&#8217;s great is that these sites start with a simple day-to-day problem that can frustrates us all and present a solution. However, without intimate integration with payment services, it&#8217;s still a chore. I&#8217;m not so OCD that I will tag and text myself about every payment I make. <a href="http://www.techcrunch.com/2007/02/28/wesabe-gets-money-from-tim-oreillys-oatv/">Wesabe</a> has payment integration, but is also going after the quicken market. Billmonk really benefited from integration with Obopay deal and perhaps Buxfer will find a similar partner.</p>
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