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A seedfund for internet startups in India

April 10th, 2008 by admin | No Comments »

If you have a good internet idea and you will like to get it funded then http://www.seedfund.in/ is a great place to try your luck. Unlike most of the other funds that do not look at any proposal less than a million dollar, seedfund aims to invest Rs. 1 to 5 crores in a startup company. It comes with a great team that comprises of Pravin Gandhi and Bharati Jacob came from Infinity Venture and Mahesh Murthy from Passionfund.

They are located in Mumbai and Bangalore and will like to work with companies situated closer to these places. They’re looking mostly at internet or media or mobile or telecom or retail or consumer-facing plays – and also for things that aren’t yet “sectors”.

Their existing portfolio consists of carwale, agencyfaq, redbus.in etc. Since they intend to invest in 15-20 companies, we can safely assume that they shall be funding another 10-15 companies soon.

Finf out more details here

Topics: Entrepreneurship, Internet Email This Email This
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How to get initial userbase for your internet startup

April 10th, 2008 by admin | 2 Comments »

This post is a part of the series of posts about my experience in growing mywalkin to a more than 1,00,000 unique users a month website. I had previously talked about the strategies that we used to increase the traffic and the importance of retaining the users to the growth of a website. However all these startegies are useful only when you have a minimum level of traffic to start with. Ofcourse if you have a good advertisement budget then you can get this initial user base. Rest everything else will depend upon the strngth of your offering.

However we did not have an advertisement budget. So we had to get a little more innovative. Here are some tricks that you can use to get those users.

Tell your contacts: This is something very obvious. If you are starting something new then you can always try to convince your freinds to spread the word. However my experince is that telling them directly is not the most effective way. Rather put the url as a signature on your emails. Add it to your status message and your orkut profile. Your freinds will get curious, try it out and if they like it then they will definitely talk to you about it. Now if you ask them to help you spread the word, they will be more willing.

Classified sites: If your site is about some topic, that are covered by classifieds, then go ahead and put up a link about your website on the classifieds. click.in, kijiji and sulekha were some of the classified sites, that we had used to get traffic to mywalkin initially. One advantage of this method is most of these pages rank quite high on google and hence pass on significant link-juice to your site.

Forums: Identify active forums in your area and start participating in the discussions. Most of the forums allow you to put your url in the signature. Moreover whenever approporiate, you may place link to one of your webpages for a more detailed answer. Caution: Hold your temptation to spam. My experience says building a solid reputation by meaningful participation pays off much better in the long run, than spamming.

Comments and trackbacks: If you read some blogs then leave your comments with your blog url. I get more than 50 users a day from my comments on techcrunch alone. The trick is to again say something that people will appreciate and not just spam.

Target the long tail: This is one topic that needs to be dealt with in a completely separate post.

The diffcult methods of getting traffic
The methods above were fairly easier methods to get some initial traffic. There are couple of other methods that will get you a much higher traffic but they require a lot more effort.

Get others to link to you Identify people who are complementary to you. If we take mywalkin as the example then any site talking about interview preparation, resume preparations, fresher jobs etc were complementary websites. The advantage of exchanging links with such sites is you have a common userbase but you are not competitors. Hence such people will be more likely to link to you. Though you will need to convince them as to why they should link to you.

Site about sites check webyantra.net to understand what I am talking about. These are sites that talk about other websites. If you can convince at least one of these to link to you, then you can easily solve the entire problem of getting initial users.

Topics: Blogs, Entrepreneurship Email This Email This
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The yahoo-microsoft story continues

April 10th, 2008 by admin | 2 Comments »

it must have been a busy day at yahoo. lots of developments on all fronts. First yahoo decided to use google advertising along side yahoo search results. As part of the deal google will serve advertisements along side 3% of yahoo search results for the next 2 weeks. This is an attempt by yahoo to prove the real earning power of its web properties to the investors. Hopefully that will make the investors realize that yahoo is much more valuable than what microsoft is offering.

Microsoft responded by saying “Any definitive agreement between Yahoo! and Google would consolidate over 90% of the search advertising market in Google’s hands. This would make the market far less competitive, in sharp contrast to our own proposal to acquire Yahoo!”“. Definitely any long term relationship between yahoo and google will run into monopoly issues.

Next techcrunch is reporting that a yahoo and aol deal may be very close to completion. As part of the deal Time Warner would fold its AOL unit into Yahoo and make a cash investment in return for about 20% of the combined entity.

News Corp seems to have switched sides and joined the microsoft side.

The story just became more interesting. I am more interested in the result of yahoo’s experiment with google ad as that may alter the competitive landscape of online advertising for quite sometime to come.

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