Category Archives: PPP

Website

Im starting on my website now so was looking at getting a domain. I check out some reviews and found that Hostpapa seemed a good bet. Webhosting for less that £2 and a few domain name and email address, yes it was too good to be true. With every thing that you would actually need for a web site it comes to about £65 for a year.

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That seems alot of money so ive decided that running my own server would be more beneficial as not only would it be free I would gain a lot from setting it up my self and also with Junaio and other AR apps you can manage the content from a ftp server. I have an old rig that just needs a cpu and psu that would be fine for it. Ill properly use apache server on ubuntu as there is alot of suport for that. I found this video easily that shows you the basic set up and how to edit the gedit file, ill borrow some books and try and remember what I learnt in dreamweaver to build it. For the design ill ask Chris van or Matt for a layout.

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Nymphomaniac

Nymphomaniac is billed as “groundbreaking” superimposing words and symbols over live action. Thats not the only thing that they are superimposing…. They will be tracking the upper torso’s of the main cast on to “doubles” during the provocative films sex scenes. I couldnt find out which company is stepping up to it.

nymphomaniac_rmlez

Chips

With AR gaining speed quickly and more players arriving on the hardware scene to join the Glass, I thought I would look at what is driving this hardware and recent developments.

Metaio have officially announced that they will be making a chip with ST-Ericsson for mobile devices. This article (http://gigaom.com/2013/02/22/metaios-augmented-reality-chip-will-be-super-useful-just-not-in-phones/) has the same view that smart phones are great for AR in short bursts. And with a big emphasis on battery life it would suggest that it would be more useful in a wearable device. Metaio and Ericsson are reportedly supplying Nokia with the chip who are already fans of AR with City Lens could this mean a pair of AR glasses from Nokia soon?

Noted Rival – Star 1200 XL

A noted rival to the Google Glass is the Star 1200 XL it is a VR/AR system from Vuzix. Although it being considered a rival they both do very different things, the Glass is for constant use and small screen offers updates rather than viewing content. The Star is currently more for short usage with its slightly bulky design but it contains a lot more, it offers 1080 camera and two wide screen displays at 852×480 which is equivalent to a 75″ display viewed from 10 feet. Here is a really good review i found on youtube.

Virtual store

Key Tree is hoping to make there online shopping more “immersive” by allowing you to walk around and view shelfs of a virtual store on your TV. I think this is an interesting idea for online food shopping. As currently Tesco, Sainsburys and Asda all have websites that are difficult to navigate and find the products we want, this is caused by the huge number of similar products the offer and also the average number of items you buy from them is much higher than any other site. Being able to see the products I think will be embraced by the companies making the products such as Hienz, Walls and others which have built up brand loyalty and many customers look for their logo when selecting items.

As well as this Tesco are working very hard in the digital market and are coming up with great inovations. Last year Tesco put up virtual stores on advertising board in gatwick that allowed holiday makers to browse shelfs and order a food shop for your return.

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This idea came from their Korean half Home plus in 2011 they started creating virtual stores.

NFC

After looking at NFC for my FMP i wanted to include it in my business cards so i orderd some light weight ones that i could put inside the card. the first set i order were type 2 and sadly where only 137 bytes in size and could hold a full vCard but can be use for other things like linking to websites. the reason i orderd the smaller physical size ones that they need to be able to fit in 85 by 55 constraints. I found some larger 1k byte nfc tages from nfc direct and they will arrive shortly and they will be the onces i use for my business cards.

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AR Maps

AR is being used alot for navigation, with concepts of car HUD’s and app’s like Wikitude and Layer layering POI’s over a camera feed based on your current gps location. Crossfader a Japanese developer has created a hybrid of these apps and google maps allowing the user to visualise their location and route.

Glass rival CastAR

2 Engineers who were recently let go from Valve, they had been working on it during their last year at Valve and with Gabes backing they began working full time on the CastAR system after they were no longer working at Valve.

I like the idea but im not sure how it will compare to the RIFT as having to use a large physical counter part that would eat up living room space.

More Privacy concerns

Google has been questioned again about the privacy of of the Glass. I explored some of the privacy concerns during my dissertation, this time is it a group of 8 US congressmen, Democrats and Republicans. Their concern is that they could infringe on the privacy of the “average american”. Glass is coing under fire because its potential to gather images, video and other data such as locations. Because Glass is the first mass market AR glasses it must break through the privacy stigma. Google is partly under this pressure thanks to its self where last year it was found to be poaching personal data from wi-fi hot spots from its google cars.

http://www.bbc.co.uk/news/technology-22567061

Funding from a Bank

After setting up my LTD company Barcleys has sent me booklet how how they can help your new business.

How to Approach an Investor

Taken from The Smart Start Up
http://www.antiventurecapital.com/vc_approach.html

Approaching Investors

How Not to Approach Investors

If you are a marketing specialist looking for a marketing job would you send your resume in response to job postings for high school science teachers or airline pilots? You probably wouldn’t. Just imagine what people would think if you did.

Through this site I receive about ten unsolicited pitches each and every week. One call was from someone two thousand miles away who needed to raise tens of millions of dollars to build an amusement park. The fact that he contacted me demonstrates that he didn’t take any time to read this site beyond the words “venture capital” or find out what my background is.

Using this shotgun strategy to look for investors is a complete waste of everyone’s time. It makes a bad first impression. There is no better way to say, “Hey look at me, I can’t be bothered to do my homework first!” The person on the receiving end will automatically conclude that you 1) have no idea what you are doing and, therefore, 2) are a waste of his or her time.

In the interests of helping you to become more effective in your search for venture capital or angel capital, here are three easy rules to remember.

1. Investing is a local face-to-face game. There are two reasons for this fact. First, investors like to know who they are dealing with. This means that a series of in-person meetings usually has to take place before they start to warm up to the entrepreneur. Second, if something starts going wrong at a company, the investor wants to be able to drive to its office in under an hour for a meeting with the person in charge. Investors do not want to have to drive all day or hop aboard an airplane for an emergency meeting. They have better things to do with their time.

2. Both venture capitalist and angel investors specialize by industry. These are industries in which they have in-depth experience. Once you find a local investor do some further digging through their website or with a quick telephone call to see if they invest in your type of project. If an investor’s focus is on software it makes no sense to contact them about funding for your new fishing lure.

3. Finally, both venture capital firms and angel investors have a preferred deal size. For some venture capital firms the minimum investment size may be $3 million and the maximum may be $10 million. Venture capital firms can also be broken down into early stage and later stage investors with the vast majority being in the latter group. This means they do not invest in startups (recall the Funding Catch-22). For angel investors the minimum may be $50,000 and the maximum may be $200,000. So, it’s really important to find out before you send an executive summary.

In most cases, you can find the answers to all three questions on the venture capital firm’s website. With a private investor you will have to ask him or , better, people who know him before proceeding with your pitch.

The man who contacted me about the amusement park ignored all three rules. He offered a deal an airplane ride away, in an industry I know nothing about, and in a size outside of my range

Bessemer Venture Partners

Bessemer Venture Partners was one of the companies that invested in Dekko. They originally started in 1911 to help Henery Phillps reinvest his proceeds from Carnegi Steel. They employ 50 investment professionals and have started huge companies like Skype and Linkedin. They currently have $1.6B of funds to invest currently.

dekko

This is an article from TechCrunch about a new AR platform, including on its funding details.

With $1.9 Million In Funding, Dekko Aims To Be The Platform On Which Good Augmented Reality Is Built

RYAN LAWLERFriday, September 7th, 20129

Augmented reality is one of those things where users will try an app once, and then never open it again. There are a number of reasons for this: For one thing, for it to work users need a specific piece of paper or object to point at, or users need to hold their mobile phones up to their faces to make it work. There’s also the problem of apps not having any awareness of the world, meaning that content or characters “float” in space, which basically breaks the illusion for anyone using an AR app.

Dekko aims to solve all those issues, by providing a context-aware platform for creating AR apps. It built its technology from the ground up, taking into account a user’s location, awareness of his surroundings, and spatial movement of the device to create more true-to-life AR applications. More importantly, though, it helps developers who have never used augmented reality and those who don’t have any specialized knowledge around the technologies to quickly and easily build those types of apps.

At launch, Dekko’s technology works for UNITY 3-D programming language. It allows developers to create augmented reality experiences that take a user’s current environment into context, as well as those that build whole new experiences around imaginary characters that can operate in those surroundings. It can also be used to create digital copies of real-world objects and allow users to interact with them on their devices.

It already has three patents pending, and has been working with a number of both content partners to help them build out great augmented reality experiences, as well as distribution partners to enable those experience to happen on a number of different devices.

Its 40+ content partners include game developers, toy manufacturers, world-famous characters from the entertainment industry, and some Oscar-winning special effects companies. On the distribution side, it’s working with some of the top smartphone manufacturers and carriers, as well as chipset manufacturers and social, local, and gaming companies to get its tech in as many people’s hands as possible. And it says that it has another 50 developers signed up to test it out pre-launch.

It expects to have commercial apps built on the platform out by the end of the year, but in the meantime has been working on some proof-of-concept apps that show the power of the technology (video below). Those who wish to play with the full-fledged app can download it from the Apple App Store.

Dekko was founded by husband and wife team Matt and Silka Miesnieks, and has an all-star lineup of AR experts on board. The company has eight employees currently, and has received $1.9 million in funding from Echo Ventures, Bessemer Venture Partners, Venture 51, Blumberg Capital, Launch Capital, Thomvest, Eniac Ventures, and Zig Capital, as well as angels like Howard Lindzon, Erik Moore, Dan Conway, and Raymond Tonsing.

I had a look a the Dekko website and there isnt a huge amount of information on it about what they are creating but I read an interesting post called Imaginary friends by Matt Miesnieks their CEO. This is really really hard to do but the experience that emerges is amazing & immersive. “It re-connects us to our imaginary friends, and connects them to our online social networks. Augmented Reality (AR) is the term for this idea, and we’re taking a whole new approach to anything that’s been tried so far.” It seems that they are targeting their use of Dekko towards social media, this is something im starting to see more of with the app Wallit being released soon.

Some Wiki Info

Wiki clarifying investment in the use and the terminology of rounds

Securities offering
From Wikipedia, the free encyclopedia
(Redirected from Funding round)

A securities offering (or funding round or investment round) is a discrete round of investment, by which a business or other enterprise raises money to fund operations, expansion, a capital project, an acquisition, or some other business purpose.

Hallmarks of an offering include the following (though none are an absolute requirement in every circumstance):
A prospectus, private placement memorandum, or other document used to advertise the availability and terms of the offering, and to provide disclosure of information investors will need for their due diligence efforts
A securities filing with relevant state and/or federal regulators
Various contracts and documents by which the securities are sold such as a subscription agreement, a stock purchase agreement, and a convertible note (which documents a type of convertible security) or other loan document
Various subsidiary or related agreements such as a buy-sell agreement, investor rights agreement, proxy agreements, and proposed amendments to a company’s articles of incorporation
Underwriters, brokers, finders, and/or agents who help sell and otherwise facilitate the investment transaction.
Financial projections, financial statements, and projections and promises regarding the use of funds.

Types of rounds

Rounds are often described according to the nature of investors, the size of investment, and the stage of the enterprise.
Seed rounds (also called “friends and family” rounds) are used to launch an enterprise
Angel rounds are early investments by angel investors.
Venture rounds are large ($1M-$30M) investments led by venture capital firms. These are often denoted by the series of stock sold, e.g. “A round,” “B round” and so on. The name of the round suggests the stage in the company’s growth. A company that reaches a “D” or “E” round without achieving some success raises concerns; a company that has been through a major restructuring may renumber its series, e.g. an “AA round” or an “A’ round.” Informally, these rounds might be termed a “first round,”second round,” and so on.
A mezzanine round is late stage private funding, meant to carry a company over until a public offering or major merger or acquisition
Because there are no public exchanges listing their securities, private companies meet venture capital firms and other private equity investors in several ways, including warm referrals from the investors’ trusted sources and other business contacts; investor conferences and symposia; and summits where companies pitch directly to investor groups in face-to-face meetings, including a variant known as “Speed Venturing”, which is akin to speed-dating for capital, where the investor decides within 10 minutes whether s/he wants a follow-up meeting.
Some specialized rounds include:
A down round is an investment that is at a lower price per share (or unit) than a previous round. This may trigger the dilution protection provisions, if any, of contracts with earlier investors.
A bridge loan is a relatively small investment, short of a full-scale investment round, to help a company that would otherwise run out of money.
A cram down is an investment in a struggling company by which the company’s earlier investors and other owners are bought out entirely at a discounted price, or the value and terms of their securities are greatly reduced.
Public offerings are rounds of investments sold to the public and listed on a securities exchange rather than sold to a limited group of investors. An initial public offering is the first such offering by which a formerly private company “goes public.”
Offerings may be limited or open-ended. If limited, there is a cap on the number of investors, duration of the round, amount of money raised, number and nature of people to whom the offering is made, and/or the number of shares sold (if it is an equity offering). The offering is ended and the securities are granted at one or more closings. When securities issuances happen from time to time rather than one or several discrete dates, it is sometimes known as a “rolling closing.”
A single round usually involves multiple investors buying a company’s securities in a distinct time period, at the same price and terms, for a single financial purpose. When multiple investments are close in price and terms, they are “merged” according to securities laws (in other words, they are treated as a single round under the law).
Rounds may have one or more lead investors who negotiate and enforce the terms of the agreement. These are usually the parties with the greatest sophistication, resources, reputation, and/or connection to the investment. There may or may not be other follow-on or silent investors who participate in the round. One other distinction is between public offerings for public companies, which are widely advertised and subscribed, and private offerings made by private companies, which have strict limits on the number and nature of the potential investors.
In the United States most offerings are regulated under the Securities Act of 1933.

Storm Ventures

Ive been looking to how to get funding, if I needed it after university, I was looking at a new AR app called Wallit where users can post AR messages to walls that in defined locations all around the world. This app was developed by a post doctorate called Storm Ventures who secured $1.2m private funding. I found it on the website Techcrunch where is gave the new app a review but also has a section of the website call ChrunchBase with loads of great information about the company that made the app including, employees and funding. What is really good for my research I can follow the links and see where the funding came from and who else that company is investing in.

I found the investment company Storm Ventures who helped finance Wallit.

“We focus on incubating and early stage funding of extraordinary entrepreneurs. As former founders, we have operational experience and we work passionately with our founders in making teams and companies successful. We measure ourselves by your success.” – Storm Ventures

This seems like a great type of company that can help with investment as they step in at the early stages when you need the funding the most and seem to work with you rather than just poor money in.

Catch 123D

This is a new bit of software from autodesk. It allows you to turn a number of images from around an object and creates a 3D mesh with it.

About Your Startup

This website seems to be a good idea, show casing new start up companies and to help connect investors. Ive had a look around the site for a bit now and the concept is great, you upload a small synopsis about your product and your contact details. The only problem is that the web page doesn’t appear to have a huge amount of traffic with most products/concept  they only have 1 or 2 likes etc which I imagine are the up-loaders.

Researching funding bodies

As part of my PPP ive been asked to research into professional bodies and alike to see what services they offer and the benefits of becoming part of them or working with them. Ive been looking at JISC. They organized, fund and over see new digital technology for education. They research and give funding to education bodies that wouldn’t normally to be able to get funding. When it comes to funding they have boards of senior managers working in UK further and higher education. These experts determine our strategic direction and priorities to reflect the present and future needs of the education and research communities.They keep up to date with developments in information and digital technology to help the UK education community make the investment decisions that ensure they deliver the learner experience their students demand.

I was having a look around the website to see what kind of things they could offer me and found that they have details of free talk days at universities. I found a set of speakers that are talking at the London Uni on the 19th of this month.

http://www.jisc.ac.uk/events/2012/10/augmentedreality.aspx

I also found Special Collections using Augmented Reality to Enhance Learning and Teaching (SCARLET) this was research they have done into AR in education what is really great is they uploaded there time plan and findings in a detailed report that you can download.

This is great research for my dissertation so ill be adding a few bookmarks I think.

http://www.jisc.ac.uk/whatwedo/programmes/elearning/ltig/scarlet.aspx

They offer two sectors to apply to if you want funding, Invitations to Tender (ITT) they are open to anyone to bid for a defined tender, including private organisations. Grants to UK HE and FE Institutions are only open to educational institutes.

Looking at past tenders in the ITT it is alot about infrastructure I dont think it is the sort of place I could look for funding.

http://www.jisc.ac.uk/fundingopportunities/futurecalls/itt.aspx

Business cards

I wanted to get my business card done before I went to insideAR so I worked on them during freshers and got down to it. Id see some really nice cards with coloured sides and wanted to do something similar.

I already had a logo for my company so it was just a case of working it nicely into cards.

So I made these design with the tm’s laser cut out of thin stock sandwiched around some mount card to make the logos pop out and I like the look and feel of thicker cards.

And this is how they came out, I would do a few things differently on the next batch, including on cutting them with a craft knife but using a drop guillotine. Also because it was the first time I screen printed I picked up alot of “next time” tricks.