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Tuesday, June 24, 2003
 

Socialtext in Venture Wire

Hey, we are in Venture Wire:

Hosted Groupware Firm Socialtext Talks Up Seed Round

By Lizbeth Scordo
 
PALO ALTO, CALIF. -- Socialtext, a provider of Web log groupware, said it has closed its seed round of funding with an undisclosed amount.  Individual investors including Reid Hoffman, CEO of LinkedIn and former EVP of Paypal; Joi Ito, a venture capitalist with Neoteny; Mark Pincus, co-founder and former CEO and chairman of SupportSoft; and Erik Josowitz, former vice president of product strategy of Vignette, provided the funding along with Oakstone Ventures and Freedom Technology Ventures. 

According to CEO Ross Mayfield, the company will use the new capital for product development and customer service. Socialtext has several paying beta customers, including cycling products company Zipp and Global Business Network, a network for exploring emerging issues and ideas and their implications for business and society. Socialtext will release version 1.0 of its software in about a month, he said.   The company which was founded last December and incorporated this past May, has four employees. 

Socialtext has developed groupware as a hosted service built on Web logs for workgroups. The groupware enables groups to organize themselves, have discussions, create documents together, and publish their work. The starter package for five users costs $995 annually.   While the technology can be used across all industries, it is especially useful in the professional services and high-tech sectors, according to Mr. Mayfield.  Mr. Mayfield said the company has begun raising a Series A round of funding.


11:05:26 AM    comment []


JavaBlogs

Adina on the JavaBlogs and Java.net communities:

...The discussion on the Java.net and JavaBlogs shows some classic tensions between a commercial software vendor, which wants to support a community of developers, and developer community, who self-organize, and want support from the commercial vendors.

It will be interesting to see how the communities evolve. Will there be syndication and federation techniques that bridge communities in different locations, or will developers choose affiliations?

Meanwhile, this is a strong sign of commercial interest in the value of weblog and wiki tools in supporting developer communities.

As with the hybrids between independent blogging and traditional journalism, the interesting question isn't the "purity" of any model. It's the process of evolution at work creating new variants. The most compelling new variants will survive.

[via BookBlog]

Community bridging already occurs through RSS and Federation.  Java.net RSS feeds are easily added to JavaBlogs.  Sure, more can be done.  But that's the beauty of these simple blog protocols, they open communities.  You wouldn't have this level of discussion and interchange between communities on a Bulletin Board based community.


9:03:14 AM    comment []



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