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Archive for May, 2008

Building the Team: A nextNY Community Conversation about Startup Hiring

Go in alone or with a partner?  How do you find and recruit a partner?

Need a business person?  A developer?  Where?  Who?

How do you know if they're the right person?  What do you ask on an interview?

And what do you pay all these people??

I've covered some of these issues in the posts below, but if you'd like to discuss startup hiring issues with a great group of up and coming entrepreneurs, you should definitely come to nextNY's Building the Team Community Conversation.

 

We'll be discussing, with the help of some great conversation leaders (entrepreneurs, a recruiter, a VC), the ins and outs of startup hiring. 

Please join us!

NY Web 2.0 Meetup | Tonight

Come join us this evening, Monday, May 12th, at Webster Hall for the NY Web 2.0 Meetup. The event begins at 6:30pm and no RSVP is required.

This month’s preseners include ShareThis, IndieGoGo, and WellcomeMat.

In addition, if you haven’t purcahsed your tickets to this week’s Mashable.com MashBash at Webster Hall, now is the time! The event is being held at Webster Hall on Friday, May 16th, 2008. More information about the event can be found here. You can purchase tickets at http://mashbashnyc.eventbrite.com.

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Media Darling Powerset vs. Non-Media Darling Hakia

Over the weekend, The web was abuzz with discussion about Microsoft considering the acquisition of natural language search company Powerset. Today there is yet more coverage. Some time ago I had heard a rumor that someone was looking at Powerset, but was relatively uninterested. Hearing that the potential acquirer is Microsoft certainly makes it more interesting, but I have to say the concept leaves me more than a bit incredulous.

From skeptic to user

I became familiar with Powerset's only competitor, Hakia initially because they are a New York company. I became intrigued with Hakia because several months ago I tried their search engine, and it worked – really well. This was a surprising result for me since I have always been a skeptic regarding all things relating to artificial intelligence, speech recognition, natural language processing, and other such fuzzy technologies.

At least in the area of natural language processing Hakia that has changed my mind. In fact, it has become common for me to use the Hakia search engine when Google does not deliver sufficient results.

Hakia and Powerset are part of the same general area of natural language search. The idea with both services is that you can actually ask specific questions and get answers. But there are critical differences between Hakia and Powerset. And those differences bring me back to my incredulity at the idea that Microsoft is taking a serious look at Powerset.

Powerset indexes 750 times slower than Hakia!

I have no expertise in natural language processing or semantic search, or any type of full text search for that matter. But as far as I can tell, Hakia’s technology is *far* superior to that of Powerset’s. Why would I say that?

Well first, as I have already said, it works. It is a real live search engine. I use it. I can’t say the same for Powerset. Powerset has yet to show anything but a search engine for Wikipedia. A big part of the reason Powerset doesn’t seem able to offer a real search engine is the fact that according to their own reports, it takes them about 25 seconds to index a page, based on an average of 25 sentences per page. According to Hakia it takes them 1/30th of a second to index a page. Essentially this means that Powerset cannot scale. It is seven hundred fifty times slower than Hakia!

Now you might assume that Powerset is slower because it’s applying some serious, and superior indexing mojo, and therefore what it is doing is much more valuable than what Hakia is doing. But alas that is also not true.

Hakia really knows how to read

Hakia is doing something called “ontological semantics”. What this means is that over the last four years, Hakia has developed an “ontology” for human expression. In layman terms, what this means is that what Hakia does when it indexes a page is to look at each sentence and figure out what the *questions* are that each sentence answers. Any given sentence usually answers 3 or 4 questions. These questions are coded and go into what Hakia calls their Qdex, or question index.

In order to be able to figure out what the relevant questions are for a given sentence, Hakia’s indexer has to literally read the sentence. By “read” I mean it has to understand the actual meaning of the sentence semantically. This is a big deal.

Powerset uses statistics + syntax but can’t actually read

So, while Hakia is actually reading, Powerset, does not actually attempt to understand what sentences mean. It uses a system that parses the syntax of the sentence and guesses matches based on statistics. But this approach means that for questions that do not match previously encountered syntactical patterns, the system will not be able to find answers, even if there are in fact answers in the database.

Powerset benefits from the Silicon Valley echo chamber

Now, if, for a moment, you presume that it is true, or even *possibly* true that Hakia is the superior service and technology, or if you even assume that Hakia is just equivalent to Powerset, why would Powerset be so continuously celebrated while Hakia is overshadowed?

The only answer I can come up with is that the west coast is such an echo chamber that very little sound gets in or out. And so it must be shocking when a New York company develops a technology that seems to beat the pants off something that should be pure Silicon Valley. Just a thought.

In any case, it seems, for the record, worth noting that we have the clear leader in natural language processing and search technology right here. And, as an admitted New York partisan, after a while it does get a little annoying to hear such continued fawning over a west coast company that is very likely, at the end of the day, just another Silicon Valley also-ran.

The new “exit strategy”: quit…very publicly

Getting bought out, IPO and now there is one more exit strategy for startups: quit. give up. shut everything down. But do it very publicly.
Startups running low on funds, not getting through to the investors’ mindset, lingering on and on without traction or any real prospects can attract lots of attention from the media by quitting very publicly.
Take, for example, Mowser. Russell Beattie’s comments on his blog drew so much attention from the media and public that he says he got multiple offers to acquire his assets the same day. So Mowser was sold to another company pretty quickly. I don’t see how this could have happened if Russell Beattie had kept on going, thinking he is surviving The Dip and just forging ahead. Of course Seth Godin suggests also considering quitting as another smart option but he should have added “if you decide to quit, quit very publicly”.
Another example is Eran Hammer-Lahav who I know and admire personally. He quit working on his startup recently and due to his involvement with open standards such as OAuth and his visibility, he joined Yahoo as an open source evangelist. But again, Eran was smart enough to do his quitting very publicly and sharing his experiences very openly with the New York startup community, he was all over the media, which might have helped his prospects for his new highly-visible position.
So, all startups out there, not surviving The Dip, quit today but with fireworks.

VIPTXT gearing up for launch party

VIPTXTCarrot Creative’s Daniel Love, Mike Germano and Robert Gaafar are launching a new nightlife text messaging service. VIPTXT is currently signing up ‘a ton of bars and clubs in Manhattan’.

The Brooklyn-based startup is planning a big launch party sometime in June, but Daniel Love will unveil VIPTXT at Tuesday’s Web2NewYork networking party at Gallery Bar.

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Scott Heiferman Forces NY Techies To Choose

MeetupNormally the NY Tech Meetup (the big one) is held on the first Tuesday of every month. This month it's been moved a week back and the location has also changed, it will now be held at Cooper Union. As I started to put together the calendar for our weekly post, I noticed something -- there are a good number of events next Tuesday evening. There are always conflicts it seems on Tuesdays, next week is no different. If you are new to the NY tech scene, check out our Tech Meetup coverage, the most extensive multimedia coverage anywhere.

Scott Heiferman is Meetup's CEO and also Organizer of the NY Tech Meetup. I am confident that he looked at his company's event calendar and noticed all of the other events listed below also scheduled for next Tuesday. I want to believe that May 13th was the only day open for the entire balance of May at Cooper Union. It's still certainly disappointing as it forces all 700 of us who attend the NY Tech Meetup monthly to choose only one event to choose.

Here's what's going on next Tuesday in NYC:

My job to each of you says attend the NY Tech Meetup to provide you with the video coverage of the startups. I'd like to support Peter at the Web2NewYork and cover those startups as well. And as I noted above, I'd like to hang out with Andrew, Joanne and the videobloggers at the new Rocketboom studios.

Which event do you plan to attend?

Dave Ford Does Earth and For Your Imagination

What do you give a guy that has travelled around to some of the remotest parts of world and is featured in a Lonely Planet video of him taking the polar plunge in Antarctica? An awesome job at New York City based online media company For Your Imagination as the Director of Business Development! Dave has that great blend of sales experience, charisma, nerves of steel and an understanding of web video monetization. Welcome aboard Dave!

Official biography: Born in Baltimore, Dave Ford attended the University of Maryland where he studied marketing. His experience in advertising, sales, and account management started in the radio business in Baltimore working for Hearst Radio's WIYY-FM, 98 Rock. From there Dave moved to the Washington DC market and worked for an additional 3 years at Clear Channel's rock station, WWDC-FM, DC101—the same station where Howard Stern got his start. He has managed advertising campaigns for Toyota, Coca-Cola, Apple, Discovery Channel, Washington Post.com, Hair Cuttery, and the WWE. In 2007 Dave took a one year sabbatical from work and traveled through South America, North America, and Africa. While traveling he climbed Mt.Kilimanjaro, trekked through both the Andes and the Amazon, and sailed below the Antarctica circle.  He logged his journey at www.daveforddoesearth.com.

LIVE@FYI, JAMNOW and Great Music

blessid union of soulsNew York City based online media company For Your Imagination today announced the next round of artists and new developments surrounding their popular series, LIVE@FYI, a web series devoted to showcasing the best and most promising artists the music industry has to offer.

LIVE@FYI joined forces with JamNow to bring Blessid Union of Souls in front of the cameras on Friday, May 2nd in the For Your Imagination studio.  Best known for their Top Ten single “I Believe,” the Cincinnati-based quintet will be on tour all summer.  The partnership with JamNow will be a strategic one, allowing each company to promote their programming to a wider base of fans.  Both companies will also combine certain resources including the bookings of artists while partnering on the technical aspects of the show.  

“The partnership with JamNow was a good fit for us both in terms of widening our reach and allowing us some more technical flexibility in how we present the show,” said John Henkel, For Your Imagination’s Vice President of Artist and Industry Relations.  “Our combined ability to book artists along with our video crew and JamNow’s start of the art audio made this an easy decision.”

Singer-songwriter Jay Clifford follows on May 8th as part of his nationwide Spring Acoustic Tour 2008.  Jay will be performing songs from his recent debut Driving Blind and is working with Scrubs star and actor Zach Braff on the video for his new single “Know When To Walk Away.”

On May 9th, LIVE@FYI makes its first foray into hip-hop with a performance by the skyrocketing Blitz The Ambassador.  Blitz will be performing alongside DJ J. Period, marking the first official collaboration between the two.

May 15th will feature an exclusive online performance from red hot MC Joe Budden with a performance the following day from Blue Note’s The Wood Brothers.    

Each episode of LIVE@FYI will be streamed live over the Internet using the live online broadcasting platform Mogulus, and consists of both a live performance as well as intimate discussions with the artists and behind the scenes moments. The show is hosted by For Your Imagination’s own Jon Johnnidis.  The show can be found at www.liveatfyi.com.

Sunshine Suites eyes international expansion

Sunshine Suites will open a fourth New York location for its flexible office solution in midtown this Summer, in addition to the thriving Flatiron, NoHo and Tribeca locations.

Founder Cheni Yerushalmi is looking at expansion in other US cities and even London and Tel Aviv. ‘Whereever we have an office space, you will have one as well.’


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