changing the world one idea at a time

TiECON 2009: Top 10 Software Startups

This is the second part of the of top 50 startups that made it at TiECON 2009. In this post I will profile top ten startups that were selected as top ten in the software segment.You can find the first part here. The top ten winners for the software segment are as follows.

Aster Data Systems provides database systems for data warehousing and analytics – The company has tightly integrated SQL with MapReduce – providing deep insights on data analyzed on clusters of low-cost commodity hardware. The Aster nCluster database cost-effectively powers frontline analytic applications for companies such as MySpace, aCerno (an Akamai company), and ShareThis. Aster is headquartered in San Carlos, California and is backed by Sequoia Capital, JAFCO Ventures, IVP, Cambrian Ventures, and First-Round Capital, as well as industry visionaries incl uding David Cheriton and Ron Conway.

Imperva’s delivers activity monitoring, real-time protection and risk management of critical business data and applications for over 4500 organizations in over 35 countries on 6 continents. The company protects and monitors Web applications and data against sophisticated application attacks such as SQL Injection, Cross Site Scripting, and Cross Site Request Forgery.

Jobvite has an easy way for you and everyone at your company to spread the word about job openings to targeted contacts in social networks – reaching more high quality referral candidates.Jobvite social search applications for recruitment empower companies to find and hire the right talent.

Kazeon’s The company’s eDiscovery software offers a unique solution for eDiscovery and litigation support for the demanding and complex needs of corporations, legal service providers, law firms and consultants. It offers a full breadth of capabilities for Early Case Assessments, Legal Hold Management, Analysis & Review, and Collection & Culling.

Mimosa enables enterprises to harness the value of their unstructured and semi-structured information, and improves business process performance and productivity. Mimosa offers enterprise content archiving and addresses the evolving needs of customers around collaboration, communication, productivity and social media.

Mint is an online personal finance tool. In five minutes or less, you’ll see where you’re spending your money, understand how your investments are performing, and set up realistic budgets. Set up email and SMS alerts and you’ll be automatically updated whenever there’s an important change in your finances. finds you personalized ways to save money, using patent-pending software which analyzes your current spending.

Serus provides enterprises with Intelligent Operations Management solutions, Serus’ configurable software helps global organizations integrate business processes and rule drivers among trading partners . The real time technology provides instantaneous automated transactions, co-managed inventory, and performance measurements across the company’s worldwide value chain.

Xobni offers a new way to organize and search your Outlook email. Xobni creates profiles for each person that emails you. These profiles contain relationship statistics, contact information, social connections, threaded conversations, and shared attachments.

XProtean XProtean is revolutionizing retail management by combining cloud computing with vertical experience and domain knowledge. Their goal is to remove the barriers to deploying and maintaining retail solutions. The company’s solutions eliminate the obstacles of upgrading to new technology and bring true convergence of business solution through multiple avenues i.e. desktop, e-commerce and mobile.

zoho is a comprehensive suite of on-line business applications. Customers use Zoho to run their business processes, manage their information and be more productive while at the office or on the go, without having to worry about expensive or outdated hardware or software.To date, has launched 19 different applications — from CRM to Mail, Reports, and Wikis.


Filed under: Legal, Saas, Startup Demo, Startups, Technology, , , , ,

Seed Funding Legal Documents from Techstars and Y Combinator

Startup Incubator

Techstars and Y Combinator (startup Incubators) have both released the various legal documents that they use as a starting point for seed stage financing for the companies they fund.These include Termsheets, Stock Purchase Agreement , Board Consent,Stockholder Consent, Amended and Restated Certificate of Incorporation, Investors’ Rights Agreement, ByLaws, Subscription Agreement and Election Concents.
You can Download the documents from Y Combinator and Download Techstars Legal Documents here.

Filed under: Enterprise 2.0, Legal, Startups, Technology, Web 2.0, , , , ,

How Copyright Applies on the Web

“Copyright gives the author of an original work exclusive right for a certain time period in relation to that work, including its publication, distribution and adaptation, after which time the work is said to enter the public domain”.Wikipedia
Copyright applies to the web just as it applies to anything that is created or published. The (US) Copyright Act of 1976 States that “a copyright owner does not have to file a copyright application to protect its works…rather, copyright protection forms when the works are created.”Technically this is true, but if you take it just as it states and you do not apply for copyright protection you may have to give up you idea, publication or creation. Under the same Copyright Act registration is a necessity within ninety (90) days of publication to allow the owner to receive what is referred to as “statutory damages”. The compensation you receive without registration in the court of Law cannot be compared to the statutory damages I talked about earlier. In the US they include: a sum of not less than $750 or more than $30,000 per work infringed; Attorney’s fees; costs; And, where the copyright owner can show that the infringement was willful, an award of up to $150,000 per work.
Preregistration can also be done even before the idea, creation or publication is complete .US Copyright Preregistration Information..
Copyright Explained: I May Copy It, Right? is helpful for startups .
Should Startups worry about Copyrights? Interview with M.Pavan of Whitemoney explains how copyright law is applied.

Filed under: Legal, Startups, ,

Term Sheet

“A term sheet is a bullet-point document outlining the material terms and conditions of a business agreement. After a Term Sheet has been “executed”, it guides legal counsel in the preparation of a proposed “final agreement”. It then guides, but is not necessarily binding, as the signatories negotiate, usually with legal counsel, the final terms of their agreement.”Wikipedia
Term Sheet
A term sheet is a document that begins the process and forms the basis of your engagement with the venture capitalist. It sets out the “terms” on which the investor will invest in your business,the obligation,rights and sometimes the responsibilities of both parties involved.

If you get to a stage where the VC gives you a term sheet,it signifies expression of interest in the idea you presenting on the table for funding. The VC will lay out the terms of the investment. Term sheets usually have an expiry date, i.e., if you do not accept the terms by a certain date, the terms of the engagement will no longer be valid.
Startup 125: Term Sheet – Liquidation Preferences
Before you sign the term sheet,read this

Filed under: Legal,

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