David Tisch (TechStars) and Matthieu Perreault (Capitals)
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David Tisch (TechStars) and Matthieu Perreault (Capitals)
From pedicures to pet grooming, MyTime wants to be your online booking solution
#SuryaRay #Surya Getting local businesses on board with any kind of digital marketing or payment service can be a tough sales nut to crack. But how many people really want to call up a local hairdresser or nail salon to book an appointment if an online booking option existed? In our increasingly phone-averse society, online is usually far more popular. Which is why one entrepreneur has launched MyTime, a site that lets small businesses create profiles and sync their bookings calendars to allow customers to discover their sites and book appointments through the website, escehwing the potential pitfalls of local deal sites like Groupon. Entrepreneur Ethan Anderson, who was previously a product manger with Google and then sold his last startup Redbeacon to Home Depot in January 2012, started working on MyTime about a year ago and just launched the site this week. MyTime has about $3 million in funding from GRP Partners’ Mark Suster, 500 Startups, Brian Lee, Jason Calacanis, David Tisch, and others. The site, which is starting out with businesses in L.A. but looking to expand, allows businesses to create a page for their company, sync up with Yelp reviews and ratings, sync appointment calendars, and set deals for particular slots to entice customers to less popular times. The service is free to join, but companies that let MyTime promote their offers through dynamic pricing, Google AdWords, Twitter ads, and other solutions give up 40 percent of revenue from bookings that come through the promotions (excluding existing customers). Anderson said about half the businesses so far have taken advantage of the marketing option. The site exists right now as primarily a desktop website that’s optimized for mobile, but Anderson said developing native apps is up next. He points out that while local review and ratings sites are common (think Yelp, Foursquare, etc.), the actual booking component is well widespread. “Our vision for the bsuinesses is that you connect your calendar once and then everything is taken care of. We bring your customers back, and we allow you to later connect with your consumers. And for the customer, it’s the ultimate convenience,” he said. “I feel like no one else has brought together the calendar and the pricing and the actual e-commerce experience. “ Related research and analysis from GigaOM Pro: Subscriber content. Sign up for a free trial. * NewNet Q4: Platform mania and social commerce shakeout * NewNet Q4: Platform mania and social commerce shakeout * The future of mobile: a segment analysis by GigaOM Pro http://dlvr.it/2wQQwp @suryaray
I don’t think you can pivot after raising money. I think you fail … If you’re thinking about pivoting, you should think about getting a job. That’s a pivot. ____________________________________________________________ The one thing that doesn’t change in a pivot is you. Maybe you didn’t have project management skills or sales skills. Maybe there’s something you should’ve learned to be a better executor. Maybe you couldn’t close a deal, maybe you should get a job that would make you better at closing a deal.
David Tisch and Charlie O'Donnell
I don't agree with this. If your product raises a seed round, a pivot should be considered. Investors invest partially in an idea, and partially in people. Its incredibly negative to think that if you fail with one idea you should throw in the towel instead of pivoting elsewhere to another sector/market/idea that you believe in. The mere experience of failing may give you what you need to succeed the second time around.
Continue your education with Skillshare
The well respected Internet pioneer Marc Andreeessen argued that software is eating the world, essentially every industry is being disrupted and fundamentally changed by the web. I totally agree with this idea, but I think many of most important interactions we have are still are going to occur offline, although they might be facilitated by the web. There is a relatively new company based out of NYC called Skillshare. Skillshare is a community marketplace to learn anything from anyone. This community is quickly spreading to new cities across the country. The basic premise is all of us have skills that many people would love to have, and now Skillshare has created a community where you can teach a class for your skill, and get paid for it. The timing for this company could not be better. As the country is suffering from high unemployment rates, many people want to work to acquire new skills to keep themselves attractive to employers. The majority of the classes that I have come across range from five to thirty dollars, which is very affordable considering the amount of value you can extract from a 60-90 minute class.
When you buy a ticket for a class, you will receive a reminder before the class, often the instructor will have you do minimal prep work before the class (watch a video, read an article, write a letter), after the class you are able to leave feedback for the teacher through the Skillshare website. One of the unadvertised benefits of taking a Skillshare class is the classmates you are given an opportunity to interact with. You can assume that if you are in a voluntary class that people signed up for, that your classmates might have a level of passion on a particular subject that matches your own. After Skillshare classes people stick around to speak with one another, exchange contact information, and form email groups to continue the conversation outside of the classroom, this is my favorite part of the Skillshare experience- it is like nothing I ever experience in high school or college. I will write separate posts on each class I have attended in the near future.
So far all the classes I have taken have been focused on startups, investing, and mentorship- but I plan on attending a wine tasting class, a dumpling tour, and whatever other interesting topics pop up on Skillshare. I encourage everyone to visit Skillshare's site and browse the classes that are being offered, as more time goes by I am sure there will be an even wider array of classes. For the price of a drink at a swanky hotel bar in NYC you could take a 90 minute class from an expert in a certain field, that is incredible. If you have any good skills, or great insight on a certain subject you could even sign up to teach your own class to make some extra money. Learning is a lifelong journey that has just become more enjoyable with the creation of Skillshare.
Gary Vaynerchuk talks to angel investor David Tisch of TechStars NYC about the pros and cons of starting a business in a tech bubble.