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Inside an Internet Video Start-up

by kneko 8/28/2008 12:37:00 PM

Even in a reasonably somber economy, we continue to see start-ups emerging, particularly start-ups of the Internet kind.  Internet start-ups keep emerging because chasing the next big thing on the Web and riding the wave is still and probably will always be irresistible - even in a somber economy.  I speak from experience.  I've watched start-ups come, go and, some times blossom for more than a decade now.  And, for the last 20 months, I have been riding the start-up wave myself.   In addition my day job as President & Chief Strategist at Compass Intelligence, I've been moonlighting as an Internet entrepreneur.  In December of 2006, I registered the domain for my living day dream, www.eyesoda.com, and in June of this year I launched the site for public beta-testing.   

 Eyesoda.com LogoInside of Eyesoda.com:  Already Eyesoda.com has a few hundred registered members and there are a number of budding relationships with online content communities in place.  In addition, I just signed a contract to host an online version of The Santa Fe Film Festival, with more festivals to come.  Even with my limited resources (staff and money), Eyesoda.com is moving quickly forward.  That's because...1.     I believe Eyesoda.com is unique, even in the world of Internet Video start-ups.  But, I'll leave it up to you to decide that...please check out the site. 2.     And, Eyesoda.com is incredibly personal.  There is a face (mine) and a soul to it.  That's what you really need to build community online...I will expose more of Eyesoda.com's internal workings over the next several months, as it launches to what I hope will be stardom.  I'll do this because understanding how small companies with limited budgets, like Eyesoda.com, take root and blossom or, in contrast, fail is essential knowledge for established clients hoping to better leverage the Internet to engage their customers on a fixed budget.Outside of venture capital backing, most Internet ventures (start-ups or groups within large companies) have small budgets and thus need to use ingenuity and creativity to grow and prosper.  I hope to show some tactics that work for Eyesoda.com.  

Lesson for Today:  Building an online community is a question of finding the right incentives to attractive individuals in the right order.  You've got to start by first attracting the people that will be the most active and have the most to contribute to your community (e.g., experts, content generators, etc.).  Be sure to engage these people personally and go beyond email.  Once you've got these "sticky" members on board, you can build the rest of your community around them and their interests.  With regard to Eyesoda.com, I started by building relationships with individual filmmakers and then moved to organizations that represent many filmmakers.  Though starting with individuals first was not the fastest route, it was the most personal and it allowed me to build strong relationships up front.  This added credibility and, I believe, "soul" to my budding community. 
 

Some stats about Internet Video & Community:

  • In April of this year alone, 84 million American's watched roughly 11 BILLION videos over the Internet - that's 71% of total Internet users according to a ComScore press release. 
  • Each of these people spent an average of 228 minutes of videos during that month, and this is just the beginning of the online video trend.
  • According to the 20,000 US workers I surveyed in May, 26% of them already use IP Video conferencing via Webcams, and another 10% expect to do it by the year's end.
  • And, 42% of this group use Web conferencing with their colleagues, while another 41% join Webinars.

So, please check Eyesoda.com out, and don't forget to join! 

Background on Eyesoda.com 

  • Business model:  pay-per-view video-on-demand delivered via high-end streaming
  • Special features: social network with interaction between filmmakers and film lovers.
  • Domain registered: December 2006.
  • Public Beta-launch: June 2008 

To join the Eyesoda Wave simply register online!

 

Kneko Burney - President of Compass Intelligence & Founder & CEO of Eyesoda.com Kneko Burney

http://blog.compassintelligence.com/post/2008/09/04/Business-Mobile-Applications-Market-Set-to-Explode.aspx

End of Summer Sale

by satkinson 8/15/2008 10:14:00 AM

 

END OF SUMMER SALE 

Now through the End of September 50% off all Posted Reports Click Here to Start Searching Reports

Get 25% off of subscriptions in the month of August and September Click Here to View Subscriptions

 

 

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Gender Bender Series - Part 1

by kneko 8/13/2008 12:06:00 AM
Part 1: Professional Men and Women Differ when it comes to Social Networking

Differences:  So, based on new research from Compass Intelligence, there is a slight gender gap when it comes to Social Networking.  We conducted an online survey with nearly 8000 professionals (CxO, VP and director titles only, full-time or self-employed).  This group is even split between professional men and women (refer to sample sizes in the table below).  The result show that professional men and women are not the same with regard to their familiarity with and use of Web 2.0 features, like IP Video conferencing and wikis.

According to those surveyed, it seems that professional ladies are less likely to use VoIP and IP Video Conferencing, wikis and presence, as shown in Table 1 below.   This table shows the percentage of respondents in each group indicating they currently use the indicated Web 2.0 feature.

Table 1.Web 2.0 Features in Use  - Male Biased“I do this now”Sample Size: Males(n=3915) Females(n=3998)
VoIP Conferencing 23% 19%
IP Video Conferencing 29% 24%
Wikis 18% 14%
Presence 21% 18%
 

Why Different? The main reason for the difference between the sexes is that pro-ladies are much more likely to say they are “not familiar” with these particular 2.0 capabilities.  There is a 9 – 10 point spread the features shown in Table 2 below.  But, as also shown, there is a knowledge gap in both sexes.  Web 2.0 features are still reasonably exotic, even among professional men.  However, it’s even more pronounced for professional women, suggesting that more education from vendors is needed there.

 
Table 2.Web 2.0 Features Not Using“I am not familiar with this”Sample Size: Males(n=3915) Females(n=3998)
VoIP Conferencing 40% 50%
IP Video Conferencing 30% 39%
Wikis 54% 64%
Presence 49% 57%

Social Networking Sites (Business subject)

44%

51%

 

Similarities: Pro-ladies don’t lag in everything 2.0.  When it comes to “information collaboration”, such as blogs, webinars and Web conferencing, as well as when it comes to IM/Chat and social networking sites, pro-ladies are just as likely and pro-men to use these feature today.  In some case, the ladies are slightly more likely to use them, as shown in Table 3 below.

Table 3.Web 2.0 Capability in Use – No Gender Bias“I do this now”Sample Size: Males(n=3915) Females(n=3998)
Blogs (Business subject) 22% 22%
Webinars/Webcasts 40% 42%
Web Conferencing 43% 40%
IM/Chat 45% 47%
Social Networking Sites (Business subject) 24% 23%
 

So, why does this matter?  Well, professional women make up roughly half of the population of Web-enabled professionals in the US (about 20% of US employment) and are a major constituency online.  Often women, particularly, professional women, are underserved with regard to their online needs. As such, this large group (more than 13 million) might benefit from the added power of person-within-group aspect of Web 2.0 social networking features, if they get a little more education and outreach. 

The only barrier today is simple familiarity.  A little more explanation would help the uptake of “viral” marketing efforts among professional women and increase their likelihood to use new Web 2.0 tools.  And, it’s a commonly held thought that women are more loyal, so they may make the best base for beginning social networks.  Things that make you go hmmm…Basic Stats about US Professionals

·         CI estimates there are 27 Million professionals in the US workforce based on 2007 Bureau of Labor Statistics data, about 20% of the total workforce.

·         Compass Intelligence estimates that 51% of US professionals are male, or 13.8 million. 

·         Largest groups of professionals are Management, Biz and Financial Operations and Healthcare practitioners (doctors and so on).

 

 

New Public Safety Subscription Available in 2009

by satkinson 8/12/2008 8:44:00 AM

We would love to get your feedback, so please share any ideas you have on this upcoming subscription in 2009! 

 

Subscription Description:  This subscription service takes an in-depth look into the Public Safety industry, particularly as it relates to IT and telecom spending, trends, insights, and announcements. The Public Safety Vertical is a subset of state and local government and includes fire, law enforcement/police (includes corrections), EMT, and other related-offices as it pertains to keeping the public safe and secure.   Ongoing data and analysis is provided on public safety investments in telecommunications, information technology, network hardware, and other important telecom and IT categories. Expenditure forecasts are broken down by law enforcement, Fire, and EMS Services.   

  • Forecast on IT by 6 IT categories
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  • Forecast on IT by the Homeland Security Department
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  • Report on Funding and Grant Trends in Public Safety
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New podcast on the Economy

by satkinson 8/5/2008 12:33:00 PM

Listen to How the Economy is Affecting the IT Market

Click on the below graphic to listen to my colleague, Kneko Burney, discuss how the latest economical indicators are affecting today's overall IT market.  It is a good listen and you can also listen to it on your iPod.  Enjoy!

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Stephanie Atkinson
Managing Partner & Principal Analyst

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