(3 votes, average: 4.33 out of 5)
Loading ...We are launching another section on VentureWoods - the VentureBuzz section - post any buzz you have heard - might be a rumor, might be a gossip, might be just some juice! Is that hot startup on its way down? Or is it getting bought? Did they announce a deal that never existed? Share something here that news doesnt know! We will try and keep this as free as we can, except wont allow personally disparaging remarks.
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Go, have fun!
Cool .. very very interesting … would be a good place to bitch around
VCs be prepared.
Bio-metric payment solution provider “PAYBYTOUCH” ends operations due to bankruptacy!
Biometrics company Pay By Touch regretfully announced that it would be shuttering its doors following nearly six years since its first biometric transaction in 2002.
Several factors were responsible for bringing the company to a halt. The first was a poor strategy for growth. Rather than focus on organic growth, the emerging player grew by acquisition. It purchased other biometric start-ups like biopay(another biometric payment service), cardsystems.
Although the company never turned profit, it was a magnet for blue-chip investors. The company raised an astonishing $300 million in financing from sources ranging from hedge funds to high-net worth individuals. Investors ranged from recognizable management groups such as Plainfield Asset Management, Farallon Capital Management, Och-Ziff Capital Management, Mobius Venture Capital, Rembrandt Venture Partners to supermarket billionaire Ronald Burkle, co-owner of the Pittsburgh Penguins hockey team, Mario Lemieux, and the Getty family.
Again from a user point of view the service was more complicated since it required them to remember 7 digit Pins and again another four digit PIN for transactions.
It’s also interesting to public bankruptcy document filed by Mr.john rogers the founder of PBT. As per the document he has $1,275.68 in a Schwab account, $93.23 in a UBS account, $4,335.21 at Wells Fargo Bank, an $8,000 security deposit with his landlord, $2,000 in household goods, and $2,500 worth of clothing to his name. Again he spends $1,000 on clothes each month . He owes American Express a grand total of $68,272.67..
Paybytouch is second bio-metric payment solution provider shutting it’s operations, the first was innoventry which came out with an innovative bio-metric ATM solution that lets users withdraw cash through their terminals installed at retail outlets. The the service saw the user base grew by around 2 million in a years time, the company filed for bankruptcy in 2001 unable to raise further funds(it had raised closed $400m from a group of investors).
Banibrata, I welcome suggestions on dos and donts. On the legal front, I do not think one is liable, because one hasnt entered a confidentiality agreement with the other party - if one has, it is certainly not in order that they share that information here. btw, “Overheard” could be a nice brand name for this section as well!
One of the things we will start enforcing is to keep this conversation off the venturebuzz page - this page is purely for buzz
Shouldn’t the latest buzz be on top like VW posts?
Hey guys.. I came across this thread on blog catalog..
http://www.blogcatalog.com/discuss/entry/how-many-of-u-hv-invested-with-blogertize
Is this an Indian startup?? .in extension confused me. Never heard about it that much.. If there is anything that u’ve covered on www.blogertize.in . do lemme know.
Ciao
OzTern Digital Services Private Ltd was launched recently at Technopark, Trivandrum, which is India’s first & largest IT Park in the public sector.
OzTern Digital is a full-service Consulting Company offering comprehensive Online Marketing Solutions located in Technopark, Trivandrum. We combine our extensive experience and knowledge in Online marketing techniques to create an effective Web presence for our clients that generates a substantial increase in qualified traffic and revenue for our clients.
OzTern Digital Services Pvt. Ltd is promoted by OzTern Technology Pvt. Ltd & Sudhir Sreenivasan.
OzTern Digital owes its origin to a Start-up called KYDotcom founded by Sudhir in the year 2000 in Trivandrum.
Sudhir has over 10 years experience in Online Marketing. He is one of the earliest & top-most Online Marketers from India. He has worked for various International B2B & B2C portals & has Domain expertise in all the areas of the Online Industry.
OzTern Technology Pvt. Ltd is a Software as a Service (SaaS) Application Development and Delivery start-up located at Technopark, Trivandrum, India, targeting independent Solution Providers and small, medium and large businesses to use OzTern’s Service Enabled Application Platform (SEAP) technology.
Over the past years, the World Wide Web has become the fastest growing advertising medium in the world. New Online Marketing firms are emerging and established ones are growing rapidly.
The Demand for Online Marketing services especially SEO services exceeds supply of the same. Globally it is the Seller’s market for Online Marketing services.
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OzTern Digital Services will be launching the ChocoNet platform for clients very soon. The ChocoNet platform is a series of tools that gives you the power to optimize your Website for Search engines, track competitors, etc., This saves you time and makes managing your Online Marketing campaign easier..
A spiritual event portal “kalpavasi.com” was launched primarily to facilitate foreign visitors to experience the Kumbh Mela.
http://www.Kalpavasi.com is the most comprehensive web site on the Kumbh Mela and provides all round information on the world’s biggest event from all possible disciplines and approaches. Kalpavasi.com has brought the little know aspect of the Kalpavasa Vrata and has presented to a worldwide audience in order to popularise the correct system of participation for pilgrims
http://www.Kalpavasi.com deals with the Kumbh Mela not only from the aspect of faith, religion and spirituality but also from the scientific views. The website is the result of more than ten years of intense research by renowned indologists, sociologists, anthropologists, archaeologists and religious scholars
Kalpavasi throws new light to the way the Kumbh Mela has been approached through the years. Kalpavasi attempts to bring back the importance of the pilgrims who have over the years become mute spectators while the ascetics (Sadhus) have grabbed the limelight and headlines. The portal has been started to bring back into vogue the importance of the lay devotee and his quintessential kalpavasa vrata in the Kumbh Mela, which seems to have lost its importance in the recent times
The importance of Kalpavasa and its benefits are believed to be same as experiencing one day at the Brahmaloka or 4.32 billion years are highlighted. According to the Hindu Dharma, this is the closest one may come to immortality. Kalpavasi.com presents several unique packages which encapsulate the holistic Kumbh through that experience the magic of immortality
Kalpavasi.com is probably the first of its kind in acting as bridge between science and Kumbha Mela. The web site explains every phenomenon of the great Mela in scientific terms easily assimilated by logic and reasoning, extrapolating the same to generic ideological concepts and constructs. Kalpavasi is probably the most unique and interesting websites based on Indian Culture and Heritage presently
Kalpavasi.com is a Studiorama India Limited initiative, who have diversified from a long and successful stint as market leaders in the audio-visual medium specializing in Indological projects and events into the in-bound tourism sector
Kalpavasi seems to be a very interesting concept. What revenue model do you have? It is a great idea to pick up something that is so iconic in indian culture and turn it into a business model that have benefits for the public.
All the best.