Sonar Rolls Out “Here-N...

This time last year, Brett Martin took the stage at TechCrunch Disrupt in New York to launch Sonar , a mobile app that connects you to friends and other people nearby, based on your existing social networks. Fast forward to today and the Battlefield runner-up is rolling out a major update to its mobile app that will allow Sonar to finally become the “Here-Now” social network. The app previously focused on providing relevant information to users about others around them based on connections via Facebook, LinkedIn, Foursquare, and Twitter. Extremely useful for conferences like Disrupt, when you’re at a party or maybe even starting a new job. So what’s new? Aside from the usual under the hood tweaks, Sonar has crammed in Status, Sonar Presence, Notifications and Messaging. The status update serves as a hyperlocal broadcast tool for those within close proximity and even pushes out a notification to your friends when they’re close by. Sonar Presence runs in the background to let others know what you’re up to or when friends are nearby, pushing a notification to alert you to folks you are already connected to. Sonar says one way they’re set apart from other apps in the space is that they’re most interested in showing you real connections and people you actually care about. Like others in the space, battery issues remain because current devices aren’t optimized to use GPS properly. You can pause Sonar in the background, BTW. Notifications will only ping you when friends you actually know and are connected to are nearby. Messaging is pretty straight forward and lets you lob chats back and forth with other Sonar users. So if you’re heading into the office and Sonar notifies you that a co-worker is close by, you can send a message asking them to hold the elevator or ask if they need a coffee. Sonar also offers a replacement to the irritating “Where are you guys” texts that are a staple of meeting up at a concert or park. Brilliant, no? Oh, you think you’ve heard this before, have you? How useful is Highlight outside of the San Francisco tech circle? Because it’s pretty worthless in New York. There are folks working in every industry imaginable, not just tech. The connections that I’ve personally made with folks in fashion, entertainment and countless other industries are innumerable thanks to Sonar. And what about getting results anywhere outside of a tech hub? Sonar says they had users in 35 countries just within a week of their launch last year, and have seen usage in more than 65 countries total. If you don’t see the value in a service like Sonar, then you’re totally missing the point and drinking the kool-aid. Oddly enough, I’d heard this pitch before but it came at a time before the App Store was even a thing. Back in 2008, Mike declared that he’d seen the “ Future Of Social Networking .” He described it as such: A few years from now we’ll use our mobile devices to help us remember details of people we know, but not well. And it will help us meet new people for dating, business and friendship. Imagine walking into a meeting, classroom, party, bar, subway station, airplane, etc. and seeing profile information about other people in the area, depending on privacy settings. Picture, name, dating status, resume information, etc. The information that is available would be relevant to the setting – quick LinkedIn-type information for a business meeting v. Facebook dating status for a bar. Given the intimate connection we have with our mobile devices, who wouldn’t want this type of service at our fingertips? It’s not like we don’t immediately Google someone we’ve just met anyway. Mike never disclosed the name of the company and we never heard from them again. But it doesn’t matter. Sonar does just that and more. Sonar  [App Store]

SocialStock Wants To Tu...

What good is a Foursquare check-in if it doesn’t lead to a coupon or freebie? Why bother tweeting about a brand you like if they don’t acknowledge your undying love and loyalty? With TechCrunch Disrupt finalist SocialStock , those types of actions may now be rewarded…or at least that’s the company’s vision. The service, founded by Subbu Rama, aims to be a stock market for people and places which assigns a point value to users’ social networking actions. Mimicking the framework of a real stock market, those actions become shares and then those shares can turn into real-world rewards from participating business or brands. What’s interesting about the concept behind SocialStock, is that it makes the idea of someone’s social capital – their “worth” in terms of their social networking actions, check-ins, Foursquare mayorships, tweets, etc. – portable. If you lose your Starbucks mayorship after moving away, for example, you could just turn around and buy “shares” of another local coffee shop that doles out rewards. All your hard work in being a loyal coffee-drinking local doesn’t have to go to waste. In addition to earning shares for your activity, users are assigned a share value of their own, too. The system is based on someone’s social capital, which is determined using algorithms that measure things like the number of friends and followers you have, your history of check-ins, as well as the influence and importance of those who you’re connected to. It’s a bit of a simpler computation than Klout’s Kscore , perhaps, which measures your reach and influence in more sophisticated ways, but then again, it’s a different system than Klout, too. Instead of handing out special “perks” only to those who have mastered gathering “influence,” SocialStock has users building up their virtual shares through their actions – a tweet, a Facebook post, or a check-in as related to a business or venue. Further down the road, other actions will be rewarded, too, like a Yelp review or even an Instagram photo. By aggregating the actions, businesses and brands would have better insight into who their most loyal customers really are. In other words, SocialStock is taking a more holistic view of the social networking ecosystem. There aren’t any launch partners teamed up with SocialStock for today’s debut – only the framework itself is going live. But, if the concept proves successful, participating brands could use the system to set the conversion rate on translating these stock market-like “shares” to real-world rewards. For example, 1,000 shares could be exchanged for a free latte or a free meal. And then, to earn the same reward again, the customer would have to remain loyal by tweeting, Facebooking and checking in some more. Based in Sunnyvale, SocialStock is basically in bootstrapping mode with under $100,000 in funding from a few friends. The website is launching today as is the mobile app, which lets you discover people and places nearby that have spikes in social activity. Disrupt Q&A Judges: Michael Abbott (KPCB), Soraya Darabi (Foodspotting), Patrick Gallagher (CrunchFund) & Charlie O’Donnell (Brooklyn Bridge Ventures) (Note that the questions reflect a somewhat confusing pitch) Q: Not sure I understand, is this loyalty thing? Why not pull up my Klout score? Who’s the target? A: If you move from NY to somewhere else, you lose your social capital. With Social Stock, you can transfer the social stock to the new place. Q: But aren’t you worth less because you can bring less people to that shop? A: More about your importance – it’s a bet on that person. Q: Do I get social capital dollars when I sign in? A: Everyone gets capital based on their influence on Twitter/Foursquare, etc. Buying and selling like stock market. Q: How are you picking social networks/how algorithm works? A: If person has a lot of activity on Facebook, their value is higher. On Twitter, it looks at followers. Existing social graph + frequency of visits to shops. Q: What’s the core reason for product? A: Goal is take social capital and make it a platform.

Xfire Raises $3M To Exp...

Xfire , which offers social networking tools for gamers, just announced that it has raised $3 million in new funding. The round was led by Singapore-based IDM Venture Capital. It’s apparently targeted specifically at expanding Xfire’s presence in Asia — the company recently announced that it’s partnering with China Youth Goyor Technology company to bring its services into the Chinese market. The company’s services include a gamer profile, in-game voice and instant messaging, and live broadcasting. It has changed hands several times in the past few years, getting acquired by Viacom in 2006, then by Titan Gaming in 2010 . Xfire became independent again last fall. At that time it also raised $4 million from Intel Capital and others. Xfire says this funding will probably be part of a larger round.

Married Mr. Zuckerberg,...

With a wedding ring on his finger and his company public, is Mark Zuckerberg ready to make Facebook produce more profits, not just more social connections? His  fanfare-less marriage to long-time girlfriend Priscilla Chan this weekend would seem to indicate he won’t be getting too distracted by family life. But just before Facebook IPO’d on Friday, he announced on stage that “Our mission isn’t to be a public company.” As the young CEO enters this next phase of his life, he faces perhaps his greatest challenge yet: building something that betters our lives while still bringing home the bacon. The business of social networking has never been Zuckerberg’s strongest suit. In fact, beyond his backyard wedding ceremony and a townhall discussion with President Barack Obama , you’re unlikely to see the CEO in a suit. That’s partly why one of his smartest moves was bringing on Google biz wiz Sheryl Sandberg as his COO. But no one understands the future of social quite like Zuckerberg. His uncanny ability to figure out what we want from Facebook before we do has spawned the news feed and other features critical to the site’s enduring success. What Facebook the public company needs now is for Zuckerberg to aim that foresight towards making money. Honestly, that’s the saddest part of Facebook’s IPO — that such a pioneer of human connection would have to fracture his attention to pore over profit-loss statements. This is the man who brought us ambient intimacy, the feeling of being closer to everyone we know thanks to indirect communication. Facebook and its promising new auto-translation features , is fostering friendships between countries with deep cultural divides. These are the kinds of things the world needs Mark Zuckerberg working on. But now Facebook has shareholders it’s responsible to. They’ll want him looking for aggressive new ways to monetize that come to fruition fast. Don’t expect Zuckerberg to strangle users with ads, though. With any luck, you’ll hardly be able to tell what he’s up to when it comes to increasing revenue. It will be a natural side effect of how Facebook works. Such as that all those news stories, songs, and videos you auto-share to the news feed aren’t just content to show your friends. They’re going to power ad targeting based on what you do , not just what you Like. Mark and Priscilla have just forged one of the strongest connections of all (congratulations, seriously). They’re starting the Zuckerberg family, a lifelong journey. And the journey to Facebook’s earnings growing to reflect its valuation will be a long one too. It will take the visionary’s focus, but investors, press, employees, and the rest should be patient. Just because you don’t see the future of Facebook’s business right now doesn’t mean it hasn’t been dreamed up. This is Mr. Zuckerberg we’re talking about, after all. [Image Credit: AP Photo ]

Personalization Is Not ...

Editor’s note: Scott Brave is the CTO and co-founder, Baynote . We’ve all watched from the sidelines as companies have come out in a burst of glory, and then, two years later, spent their venture capital, lost their user base, and failed to monetize. This begs the question – what are the factors that drive a company’s survival, differentiate it, and ultimately make it a winner? In today’s online world, personalization is increasingly making or breaking companies. The companies that win are the ones making personalization a key company value – not just a feature. In the early days of the web, consumers were happy just to gain access to information. However, as technology became more sophisticated, and as more consumers and companies came online, we quickly moved out of the access age and into a state of information overload, often leaving consumers frustrated and confused. Companies that helped consumers cut through the clutter to reveal relevant information had a critical and sustainable competitive advantage in their respective areas. The concept of relevance is critical to the success of Google, for example. Personalization is not new. Popularized by Amazon and Netflix more than a decade ago, personalization is the practice of tailoring information to people based on what they are looking for, what they have found interesting in the past, what their friends have engaged with, or based on explicit inputs like their interests. Personalization has gotten a lot of positive attention recently because it can be used to great effect to organize the web’s information overflow into relevant, meaningful experiences. Winning companies approach personalization as a core value of how they do business – a “customer-centric” philosophy – rather than an add-on “feature.” As proof, here are some examples of companies that have built their businesses around personalization and the competition that they left in their wake. News: Flipboard vs. Yahoo! News In 2001, Yahoo! launched Yahoo! News , providing a repository for news articles that became the first-ever most-emailed page on the web. However, Yahoo! News neglected to treat personalization as a core value – and in so doing missed out on the opportunity to tap into the social graph of personal information to personalize and curate content for users based on their interests. With Yahoo! treating personalization as a feature and not a core value, by 2010, consumers moved on to new, more personalized content curation services that were specifically designed for consuming media. One example of such a personalized news source is Flipboard , which works across Apple devices, and allows users to “flip” through their social networking feeds and feeds from partner websites to find the news articles that are most interesting to them. Within a year of its founding, Flipboard had amassed a $200 million valuation. Today, the company’s valuation and user base continues to skyrocket, while Yahoo!’s continues to hemorrhage. Flipboard won because it applied personalization to consumer choice for news articles that other news providers hadn’t accounted for, sparking the beginning of the content curation boom. Interestingly, Yahoo! recently announced plans to eliminate many of its online properties in order to focus on its most popular ones and make the content on those sites personalized to the user. It seems Yahoo! has finally caught on to the fact that users like personalized content and will engage with brands and services that provide content tailored to their interests. Music: Pandora vs. Internet radio This example seems counter-intuitive – wouldn’t people want to listen to their favorite radio station online? This just never took off. Why? Internet radio contained way too much content – it wasn’t focused or specific enough. Consumers had to work too hard to find the music they liked. Once consumers were introduced to a better way to curate and listen to music, they were never going back. When Pandora allowed users to input their music preferences through both explicit selections and implicit actions to help shape their content stream, it changed the listening experience. Pandora made listening to music online personal. After Pandora, just listening to the radio online seemed like a waste of time. Dining: Alfred (Google) vs. Opentable OpenTable provides a free service that lets users make reservations online. The company first came on the scene in 1998, and has steadily built up its business – today over 25,000 restaurants are signed up with the service. While OpenTable provides restaurant recommendations along the side of the screen based on location, it is a feature rather than being core to the experience. Alfred, on the other hand, is a mobile app developed by Clever Sense (purchased by Google in December) that delivers dining recommendations based exclusively on your inputs and your Facebook check-ins and profile. By offering recommendations for restaurants that are personalized to consumer’s inputs and behavior Google could become a leading provider of time-critical dining data, and a big player in the multi-billion dollar restaurant industry. These examples have all shown how companies that embrace personalization as a core value, and not just a feature can win. In today’s consumer-driven society companies that don’t pay attention to what people want most at any given moment risk losing significant market share to competitors that have built a culture around delighting customers with a highly personalized experience at every turn.