Posts Tagged ‘masschallenge’

Here boy! It’s 5 minutes with Fetch Storage

Posted in lean startups on August 8th, 2010 by Matthew – Comments Off

Here’s another take on a web startup – one that comes with a 7,000 sq ft storage facility and a fleet of delivery trucks. Meet Fetch Storage. Ok, it’s not really a web startup. As cofounder Jesse Mastro puts it, the team at Fetch is seeking to bring new technology, like personal online inventory management, into “old models” like the property storage market. Just like SaaS products storage your digital stuff in the cloud and allow you to select what you need, when you need it, so Fetch does for your physical things utilizing, a personalized web based control panel and a fleet of delivery trucks.

The team is currently looking for funding, and is doing so along with the many teams participating in the Mass Challenge. They’ll need that funding if they ever hope to grow beyond their initial Boston-based geographic location. But it’s not just the physical infrastructure they’ll need. . In order to make this work, a smart automation of the way items are checked in, stored, requested, scheduled for delivery and arrived on time is not something for the faint of heart. Actually, I’d say that getting cheap storage space and delivery trucks is probably not one of their largest problems.

But the cofounding team of Jesse along with Brij Patel and Christian Baxter are off to a great start, with a few employees and over 100 paying customers, including several local businesses such as the Boston Metro Newspaper, that uses Fetch to store the paper’s back issues. I met up with Jesse and Christian at WorkBar Boston, who were kind enough to let us record our meeting in their lounge during one of their free co-working days.

Tracking down Five Minutes with Ubiqi Health

Posted in lean startups on August 3rd, 2010 by Matthew – Comments Off

Everyone’s excited about new mobile applications these days, and that includes me. After covering the guys at Peekaboo Mobile earlier this spring, I was happy to spend time with Jacqueline Thong, CoFounder and CEO of UbiqiHealth, developers of mobile and web based tools for patients with chronic illness to better track  and monitor their conditions.

Ubiqi currently has one product in closed Alpha test with 40 migraine sufferers. The plan is to prove out the hypothesis that patients will actually use mobile applications to track their conditions on a day to day basis, and then roll out new applications geared toward other chronic illness. Sounds like the beginnings of a platform play. Think Facebook game platform meets 21st century medicine in the form of a symptom tracker in your pocket. Just slap on a new skin and viola – you’re tracking painful joints caused by arthritis rather than painful migraines.

With a 4 person virtual team that originally met in business school in France (of all places), and is now inconveniently located in LA, Minnesota, London, and Boston, Jacqueline told me that Ubiqi is self funded with enough runway until next spring. They’re doing side projects to bring in cash to lengthen their runway, but their big bet is being placed on the numerous business plan competitions that they’ve entered. Ubiqi was a finalist in North Bridge’s seed funding competition, and is currently a finalist in both the Cartier Women’s Initiative, and in Mass Challenge.

Regarding plans for future revenue, Jacqueline told me they’re confident that patients would pay for access to the app, as a result of surveys and market research, but Ubiqi also plans to sell aggregated, anonymized data to drug makers and other interested parties.

Second Time’s a Charm: Five Minutes with Greenbean Recycle

Posted in lean startups on July 20th, 2010 by Matthew – Comments Off

This post was originally released at BostInnovation.com, a platform to help startups in Boston succeed by connecting local innovators and increasing communication. Thanks to Greg and Kyle at BostInnovation for their support.

Greenbean Recycle is a startup looking to change the way people think about recycling. Even if you don’t know what a Reverse Vending Machine (RVM) is, you’ve probably used one. An RVM is the machine you drop your recyclable beverage containers in, and get a printed receipt that you turn in for refunds at a store cashier. Greenbean has joined the MassChallenge competition to fuel their idea of marrying RVM technology with wireless Social Media and eCommerce capability to personalized the recycling process and make it “cashless.”

Greenbean joins the list of local clean tech startups, like Big Belly Solar, that are focusing on ways to insert conveinent recycling stations into the daily lives of the busy urban eco-friendly set.  So, I sat down with Shankar Sahai, the founder of Greenbean Recycle, to learn more about his vision, and what progress has been made since the initial forming of the team to compete in the MassChallenge.

I see you! Five Minutes with Peekaboo Mobile

Posted in lean startups, web 2.0 on May 14th, 2010 by Matthew – 1 Comment

Recently, I sat down with Michael Fruzzetti and Ben Dolgoff, co-founders of newly minted Peekaboo Mobile, an application for  Apple mobile devices that uses your GPS location to send you deals and offers at retail stores nearby. By combining two ideas that have become hugely popular in 2010 – local coupons a la Groupon, and GPS-aware mobile applications, it’s no surprise that since their launch on the Apple App Store in early March, 2010, Peekaboo has quickly amassed 400 users of the service in the Boston area. More importantly – they’ve secured relationships with around 65 businesses such as Beacon Hill Athletic Club, The Good Life, and Boston Common Coffee, who use Peekaboo’s online coupon management system to post deals and offers directly to the Peekaboo community. As COO Dolgoff explains, “things like Groupon are a ‘thought-out buy.’ You need to be in front of your computer and make the purchase online. Peekaboo Mobile is all about ‘real time deals.’”

With backgrounds in Finance, the initial career path put Fruzzetti on Wall Street as a trader, before returning to Boston, reconnecting with fellow Suffolk grad Dolgoff and forming an umbrella company ByteVentures that they’ve used to create several internet business. Peekaboo Mobile is their 4th venture together.

They realize they’re under stiff competition from the many “Groupon-clones,” as well as New York-based Postabon, which recently secured a $1.05 million round from Spark Capital and has presence in Boston, New York, and San Francisco. But, the Peekaboo duo feel they have a strategic advantage when it comes to the competition – the thriving, vibrant, and helpful community that surrounds entrepreneurs here in Boston.

Currently housed in the entrepreneurial frat house HangOut Labs, and planning to secure angel or seed funding from one of the many startup competitions such as Mass Challenge, both Fruzzetti and Dolgoff are supremely optimistic on their future outlook, with plans to bring their currently offshore development team in-house, and expansion to other cities in the near future. As Dolgoff explains, “there really is a community here. People who actually want to help. We’ll expand to other cities, but our homebase will always be here in Boston.”

What do you think of a “real time deal” service on your mobile phone? Is this a service you’d use, and do you think it will affect buyer behavior when out shopping? Leave your opinion in the comments, below.