Post-IPO Active Network Shows Profit, SmartDrive Raises $10M, Human Engines Goes Commercial, & More San Diego BizTech News
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only as “a new social/local/mobile application for the global entertainment market. Brian Dear and Dan O’Neill founded the Internet startup.
—Xconomy released its 2011 Guide to Venture Incubators. Each of the 64 listings in the guide includes information on how entrepreneurs can apply, what the programs look like, what companies have graduated, and how much of your company you’ll have to give up to participate.
—Wade noted in his column, World Wide Wade, that the number of venture incubators in the Xconomy Guide has tripled over the past two years. He suggests the proliferation of incubators could exacerbate the problem that incubators were invented to solve in the first place—the difficulty of getting a new company off the ground—by making it harder for individual startups to get noticed.
—San Diego’s Human Engines launched its first commercial product, a system for Android-based mobile devices that organizes the daily flood of e-mail, calendar notices, alerts, text messages, and social media messages. Former Qualcomm managers Baback Elmieh and Rachid El Guerrab founded Human Engines three years ago, and Elmieh told the startup was immediately cash-flow positive and revenue-generating.
—Hookit CEO Scott Tilton tells me in a note that the San Diego social networking company has expanded its “Spots and Sessions” mobile service to include the location of local businesses, such as bike, surf, and skateboard shops. It’s a move that will help tie Hookit.com’s network of more than 700,000 action sports enthusiasts with discounts and promotions—and provide Hookit with new online advertising revenue.