Earlier this month Faizan Buzdar had the opportunity meet Mayor Edwin M. Lee on his visit to RocketSpace. Mayor Lee announced that in the first 6 months of this year, 1.6 Million square feet of office space was leased for tech alone, out of a total 4.5 Million square feet. He said that he wanted San Francisco to become the home for companies looking to open shop and hire employees. Encouragement from city officials is great of course, but it was especially wonderful chatting with Mayor Lee, who is aggressive about capturing oppurtunities and creating facilities which create jobs.
Category Archives: Events
Scrybe, Corp. Secures Series A Funding;
Adobe and LMKR Invest in Innovative New Web-Based Productivity and Project Management Tool
Investment to Accelerate Growth, Fuel Development of Industry’s First Online Productivity Tool to Offer Unprecedented Offline Access
BOSTON, MA (August 8, 2007) – Scrybe, Corp. (www.iscrybe.com) announced today it has closed its first round of Series A funding from Adobe Systems Incorporated and LMKR. Following a highly successful beta campaign that captured the attention of hundreds of thousands of users and influencers across the globe, Scrybe will use this new injection of capital to accelerate growth in key operational areas and drive new product development initiatives.
“Scrybe has captured the imagination of users around the world, engaging customers who share our vision of simple, elegant yet powerful productivity tools,” said Faizan Buzdar, founder and chief executive officer of Scrybe, Corp. “We’re pleased to have Adobe and LMKR support our efforts to create a world-class organizational and development team that will help build a significant presence for Scrybe in the global marketplace. Leveraging new Adobe technologies, we will dramatically accelerate Scrybe’s efforts to redefine the user experience for web-based productivity tools.”
“The enthusiasm for the Scrybe beta is an indication of the strong desire for a richer user experience with web-based productivity tools,” said John Leckrone, director of Venture Development for Adobe. “We’re pleased to be working with Scrybe as they continue to evolve their technology platform.”
“The impact Scrybe has already created in the global market for web-based productivity tools is nothing short of impressive,” said Atif Khan, chief executive officer of LMKR. “We are committed to ensuring Scrybe has the appropriate resources to go to market effectively and execute their long term vision.”
Scrybe is a new online organizer that leverages the innovations of rich internet platforms to bring users a simple, elegant yet powerful experience, designed to work the way users think. For more information and to watch the Scrybe demo video, please visit www.iscrybe.com.
I am happy to share today, another major milestone for Scrybe.
We have covered many major milestones in the last few months.
We started this venture, wondering whether one could actually provide the user experience that we wanted to on the web and we are thrilled that we have been able to translate our ideas and vision into a working web app.
Another initial big question was whether we would ever be noticed, having zero dollars for PR. Scrybe got the buzz that it did through our demo video on YouTube, which has actually become a new trend in start-up product launches.
Before going public with Scrybe the 3 of us would often discuss concerns of how quickly we could scale up if people got excited about the product. This soon became a very real concern as Scrybe was noticed by a lot more than the few thousand people that we had originally estimated. We were delighted that more than a dozen VCs pinged us and some major names queried us about working together.
The need to raise funds and scale up quickly became core to the future of Scrybe and at least the major part of our focus was directed to this. We were seriously concerned with the effort required for this very time consuming process, including sifting through multiple term sheets, lengthy legal processes and closing. We found that VCs were generally keyed up only about buzzwords like Ajax or web2.0 and looking to get into something that could quickly be flipped to someone else.It was very important to identify the best suited match in anyone acquiring an interest in Scrybe. We wanted to find someone who would be aligned with the company’s long term vision and wanted to avoid going back into a fund raising cycle after another few months so we could concentrate completely on the product line.
Today we will be announcing that this concern has also been resolved in a way that I think will turn out to be awesome for Scrybe in the long run.
ZDNet has more details: Scrybe gets venture funding from Adobe, LMKR
Hi guys, we haven’t been around for the last couple of days as we were busy with the MIT Enterprise Forum’s winter conference titled “Brave New Web”.
MIT Enterprise Forum is a very prestigious name in the technology sector and produces a series of educational programs with the objective of bringing together technology entrepreneurs with other key market force players. We were 1 of the 7 companies selected to showcase our offering at the conference. It is one of those great things that happen to you along the way.
The Conference Objective:
Brave New Web: Connect. Contribute. Collaborate is designed to bridge the gap between the current practitioners and the business and financial communities that are crucial for innovation and new business creation. Innovation happens at the intersections of different industries and disciplines. Our conference is designed to bring these forces together.
I missed out the breakout sessions for either setting up or wrapping up our demo stall, but fortunately, I got the time to attend both opening and ending keynotes.
Jeremy Allaire (Chairman/ CEO of Brightcove), delivered the first keynote which as he said were basically two keynotes. The first one was generally his observations and advice for startups on how to make successful online companies and second was more related to internet video and Brightcove in general.
At all times when he was delivering the speech, I kept thinking that what he is saying are essentially the core ingredients in the making of Scrybe as a company. It simply felt like he is validating the vision Faizan often shares with the team.
- Analyzing the scale and scope of the product and making sure that it goes hand in hand with the market conditions.
- The founding team must have the core values, attributes, skills and discipline to work with your vision.
- Most important of all, you know that you have built the wrong product if people are not talking about it. Looks like we have made the right product. J
I spoke to a great number of very smart people during the demo lunch session. If, I could just make a little confession; I was nervous as hell, as this was the first time we were showcasing our product at an event and Faizan couldn’t make it due to some last minute delays in his travel plans.; but Imran was there and he knew quite a few people who were attending the conference. I am more on the usability and design side of the product and less on the technical side. Therefore, I was more ready to clarify concepts and dodge very technical questions. You never know what the next question is… Also, I left my mouse pad at home and my dear optical mouse won’t run on anything else. Kevin tried to make it work with all sorts of papers but of no use. So I had to use my laptop’s mouse which by the way, I am extremely uncomfortable with.Amazingly; my fears vanished by the time I finished talking to the first 10 people. They were all praises and I actually witnessed the oohs and aahs every time, I demonstrated the OfflineSync capabilities or when anybody held a PaperSync or when people saw how easy it is to add web clippings.
My personal highlights of the day were:
1. Meeting Rafe Needleman (CNet), who reviewed our product when we launched. Didn’t have to give him my 2 minutes pitch as he already knew and appreciates what we are all about.
2. John Furrier (CEO, Podtech.net) was talking about internet videos. I was really looking forward to John’s keynote as PodTech.net is the company Robert Scoble left Microsoft for. He also runs his Scoble show from there now. During the Q&A session, somebody in the audience wanted examples of something which was other than entertainment… business to business (B2B) or Business to Consumer (B2C) demos and videos; and we were a good example of that.
3. At the end of the conference quite a few people came and asked me about our video demo. They wanted to know the name of the company who made it and were quite astonished when I told them it was developed in-house.
All in all, the conference was a great learning experience; it reaffirmed our vision for the company.
You guys pointed out that we missed our deadline without a blog entry and Magali correctly said that a lot of our replies can very well be blog entries. In one of our replies we explained that the deadline for the sharing build will be affected due to the delays in the ThoughtPad.
Guys, we still believe that we are on the right track and we continue working harder and harder to make Scrybe the best product. Scrybe is here to stay. We want happy users by delivering quality. Admittedly, this often causes slip ups on the way. We are learning everyday. I am back home from the conference. If I have missed out any replies on the forum, I am going to start sorting them out one by one. We are working on the next update right now; and I will let you guys know as soon as we have a concrete date.