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The business case is fairly straight forward .... start by replacing manual scratch card systems with electronic top up and re-coup the investment by saving manufacturing and distribution costs in the very short term (even as little as 6 months). This is ultimately what many carriers in the developing markets are doing as a basis to launch a mobile money transfer product. Initially usage of the majority of these money transfer products are going to confined to a carrier but eventually will spread across g
Carriers, carrier-groups, banks and hardware manufacturers (e.g. Nokia) all want a piece of the action and there are lots of vendors who can help them with their implementation. In fact, there are no less than 20 vendors at the Mobile Money Transfer Summit who all profess to offer unique solutions but are really providing very similar access to the same range of services including: eTopUp, bill pay, P2P domestic transfers (airtime and money) and international remittances (airtime and money). …
Read More »I was recently interviewed for a story on how smartphones can improve healthcare. Here is a link to the article in the Globe and Mail.
Here are my predictions for what we might see in the future. Of course this is entirely dependent on entrepreneurs pursuing such opportunities.
Monitoring - in the future, the smart phone will be a smart health monitor instead of needing single purpose medical devices (e.g. heart rate monitors). Smart sensors and smart bandages will monitor patient health,…
If anyone at RIM were to seek my opinion (which they have not) about App World, then here is what I would tell them.
If anyone at RIM were to seek my opinion (which they have not) about App World, then here is what I would tell them.
1. Speed - the application runs relatively slowly on the BlackBerry. Discovery is all about instant gratification and, on many occasions, I have aborted purchases because it simply takes too long to search, scroll and load. (NOTE: I have seen and used App World 2 and it is blazing fast - big improvement!).
2. Billing - the PayPal payment engine is a non-starter. It …
The 2009 Developers Challenge opens for submissions on Monday. We have made some significant changes (improvements) to the Challenge.
The 2009 Developers Challenge opens for submissions today. We have made some significant changes (improvements) to the Challenge.
First, the value of the prize package is now significantly higher than what was initially revealed. The Grand Prize has been doubled to $100,000.
Second, in taking into consideration feedback received from developers, BlackBerry Partners Fund has also opened the call for entries to any developer with a BlackBerry application (not just startups). The only…
Read More »We believe that strong developer ecosystems yield significant innovation and opportunity. As venture investors, we are always looking for bright entrepreneurs doing never-before-thought-of-things. So this year we are merging an app contest and business plan competition to discover a compelling investment opportunity for the Fund. The Grand Prize may be valued at $50,000, but if we are successful it could be worth much much more.
This morning at WES 2009 Conference, John announced the 2009 BlackBerry Developers Challenge. This is the second year that we are sponsoring the challenge, although the focus for this year's contest has shifted slightly and entries will be evaluated on both the application submitted and its supporting business plan.
Developers can pre-register now at http://www.blackberrypartnersfund.com/09contest to receive details on the challenge. Submissions officially open on June 1st and the…
Read More »Real-time coupons delivered through location based services (LBS) certainly have their place, but I can’t honestly fathom walking through a mall while my BlackBerry buzzes to let me know that The Gap wants me to visit or that it’s time to have a cup of coffee at Starbucks.
Real-time coupons delivered through location based services (LBS) certainly have their place, but I can’t honestly fathom walking through a mall while my BlackBerry buzzes to let me know that The Gap wants me to visit or that it’s time to have a cup of coffee at Starbucks. Like most, I like a good deal but my device already buzzes enough and I’m a fairly focused shopper. It’s not something I would readily adopt - it’s intrusive and would likely get quite annoying. That being said,…
Read More »Having looked at a number of companies in the MSN arena, some of which no longer exist and some of which continue to chug along….I can't help but think in terms of frameworks for success.
The obvious Venture capital response to mobile social networks ("MSNs") and arguably the correct position is "…..I know who's going to win the mobile social networking race…...Facebook". Brilliant!
When I look at MSNs, I look at it as a three step analysis:
1. Does the MSN offer something that other online…
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ABI has some research out with WiFi stats and smartphones. A surprise to some, not to me.
Research firm ABI has come out with the results of a survey done with smartphone owners concerning WiFi on the phone.
74% use it and 77% will want it in their next phone. I’m not surprised given the first vanguard of smartphone users are (were?) power/business types. As you would expect, with WiFi, there is more surfing the internet from the device which means that if you nail the UI on a phone, great browser, etc, that mobile phone as your next/main computer gets seriously closer to …
(Warning: May contain traces of sports analogies applied to business)
For this, my first and long overdue post on the BBPF Blog, please allow me to momentarily and respectfully step aside from the excitement surrounding the launch of BlackBerry App World and the ever expanding smart phone eco-system, to briefly focus on one controversial aspect of our role as VCs.
Perhaps the most important aspect of our jobs is selecting the teams of individuals we want to back with our investments, and…
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The Blackberry Application World (BAW) went live after midnight.
RIM launched the BlackBerry Application store last night (midnight). The bloggers picked up on it and over the last 8 hours, there's been some strong traffic. Actually pretty high/solid traffic for something that won't really get talked about until today. Om Malik has a review with the bottom line being "good enough." Like any good geek, I was on this puppy seconds after it went live and I'm pretty happy with it as well.
An interesting (and, for me expected) observation was the top …
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