Last night on Dragons Den a company called Gaming Alerts limited managed to secure 200k for a 30% stake in their business which provides a downloadable desktop application that alerts users with filtered infomation according to their requirements.
E-Man pioneered this application in 2001.
This application is Net SorcererTM technology. A software application that was developed pre-broadband by my team and that provided the blueprint for Sky Sports news alerts, something that was mentioned on Dragons Den last night.
E-man won a DTI award and government backed funding in recognition of innovation in on-line marketing communications for our work creating Net SorcererTM. Some would day, that people have used our innovation to drive their businesses forward developing applications that have given them competitive advantage.
In 2002 I presented the very same gaming alerts opportunity to a company in Soho caled Gaming Insights.
To me 200k for 30% is reckless. If mobile applications were further developed then this would offer more potential as an investment, but not at this time I'm afraid. The projections given were completely inaccurate and I predict a real struggle for any new business entering this arena.
I shall be commenting on Dragons Den again later in the series so watch this space.
I do feel that the panel require someone who is more in touch with web2.0 and other new web/mobile applications. I do not feel that anyone has the required experience needed to make an informed decision on an idea, its route to market and exploitation potential. The panel are extremely successful business entrepreneurs, but new media is different.
web2.0 is still wobbling around and needs shaking up. If these two can raise 200k for an idea such as this then we are in one great big bubble.
Wednesday 24 October 2007
Wednesday 17 October 2007
MOVEME NOMINATED FOR A BIMA
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About Me
- Matt Hagger
- London & San Francisco
- I have a dream to pioneer a new web. We are at a turning point where the web is becoming intellegent enough to understand us. Mobile platform development along with rapid convergence into real time will enable a greater source of information to be created which can be used to devastating effect. Search as we know it will change forever and it is approaching faster that you realise. I want to help to pioneer the future of our world, through the dvelopment of exciting applications. I like to think big and I believe in the power of faith. This is just the beginning. . . . I am the founder of a project called Zkatter which I know will help to pioneer what I have just spoken about.. I am the Co-founder of London agency E-Man and the Co-Founder of a very exciting flex application for next generation business called www.bizk.it currently in pre-alpha. “What can you ever really know of other people's souls - of their temptations, their opportunities, their struggles? One soul in the whole creation you do know: and it is the only one whose fate is placed in your hands”
Come and visit us at our new offices: e-Man, 57-61 Mortimer Street, London, W1W 8HS. Reception: 0203 178 7084. We serve good coffee and have great plasma's. Isn't that what being a great agency is all about?
Building the future of web and mobile.......
A company that gives ideas, vision, design and build capability to people and companies in web2.0. 57-61 Mortimer Street, London, W1W 8HS. 0203 178 7084. e-mail us: info@e-man.co.uk. E-man have become one of the leading agencies in providing positional strategy to start ups in Europe. Now we work in San Francisco helping valley based start ups: We are on Market & 19th.
