Friday, June 7, 2013

Taking on the "activation challenge"

Jun 7, 2013
Startups & Venture Capital

Promoboxx: Helping clients work with retailers

Taryn Plumb, Special to the Journal 

Ben Carcio is CEO of Promoboxx, which helps companies work with retailers to market their products.

 
W. Marc Bernsau

While spending time at his family-owned package store as he grew up, Ben Carcio experienced first-hand how big brands interact with retailers selling their products.
And — particularly in the digital age — he knew the process could be improved.
So in 2010, he co-founded Boston-based Promoboxx, a startup that helps companies work with retailers to market their products.
Promoboxx largely deals with what Carcio calls the “activation challenge.”
“It’s one thing to create marketing materials,” said Carcio, the company’s CEO. “It’s another to create marketing materials that retailers get excited about and want to participate in.”
Promoboxx is an online marketing platform; through a Web-based dashboard, brands can select retailers or groups of retailers to participate in and customize campaigns, and, through Promoboxx’s retailer messaging platform, send them checklists of marketing tools and reminders to share via social media, their website or email blasts. They can then view charts and graphs of engagement levels, campaign views, social shares, and lead counts.
One big campaign Promoboxx’s platform powered was for Chevrolet prior to Super Bowl XLVI; that effort allowed 6,000 Chevy dealers to share the company’s Super Bowl ads prior to the game via various online channels.
At Canton-based Reebok, using Promoboxx “allows us to stay consistent with how our brand looks and feels at all times,” said Bethany O’Dell, Reebok’s U.S. associate trade marketing manager.
Along with focusing the message, the Promoboxx approach has allowed clients to get more feedback from retailers, which ultimately can be used to make the campaigns better, O’Dell said.
Promoboxx has also dedicated resources to helping retailers in times of need. In April, the startup launched the BacktoBackBay initiative, which worked to raise the profile of the dozens of retailers affected by the Boston Marathon bombings. Many of them had to close down during the ensuing investigation into the bombings, and Promoboxx pitched in by providing the retailers with free marketing tools, listing them on the BacktoBackBay site, and helping to initiate a recent “pub crawl” at a number of the restaurants and bars affected.
Ultimately, BacktoBackBay has engaged more than 200 affected retailers, Carcio said.
“We’re a Boston company at its core,” he said. “It’s critical to give back to the ecosystem.”
A participant in the 2011 session of TechStars Boston, Promoboxx now employs 22 and is supported by $2.25 million in seed funding. Investors include LaunchCapital, Boston Seed Capital, SK Ventures, CommonAngels and Stage 1 Ventures, as well as dozens of angel investors.
One goal for the future is to focus on franchise groups, Carcio said, and eventually expand to serve smaller brands that don’t necessarily fit into the firm’s current fee structure.
Although e-commerce is undoubtedly becoming more of a part of our lives, Carcio points to U.S. Census data showing that physical stores still account for 95 percent of retail sales. Thus, manufacturers have no choice but to support brick-and-mortar retailers, he said.
“Frankly, buying things in stores is never going to go away,” Carcio said.

Original story link here.

Saturday, June 1, 2013

Getting to know you

May 31, 2013
Startups & Venture Capital

Localytics: Know your app users

Taryn Plumb, Special to the Journal 

Raj Aggarwal is CEO of Localytics, which offers software than can help companies gain insight about their app users.

 
W. Marc Bernsau 

Localytics CEO Raj Aggarwal maintains that consumers typically remain loyal to one-third of the apps they download.
Aggarwal, co-founder of the Boston-based app marketing and analytics startup, said the traditional practice has been to simply attract as many customers as possible, instead of engaging them and getting to know them and their habits.
“As the app space matures, people are recognizing that downloads are not the entire picture,” Aggarwal said.
Localytics, which launched in 2008 — the year following the first-generation iPhone release — offers software that helps companies identify, retain and engage their most valuable users of their apps.
Its tools help track not only who the users are and what devices they’re using, but where they’re coming from, how they navigate through the app, and where and why they leave it.
“It’s a much more hypothesis-driven approach to marketing,” said Aggarwal, who previously worked as a consultant for Apple Inc. as the company was developing the iPhone.
With the data from Localytics, companies can then categorize users — based on anything from demographics, to behaviors, to device, to loyalty — interact with them through in-app messaging, and attempt to engage those that may have fallen away. “Our focus right from the beginning was to help the leaders in this space have deep insight about their users,” Aggarwal said.
Localytics supports all major operating systems, is now integrated in more than 20,000 apps, and is collecting data on more than 800 million unique devices, according to Aggarwal. Its biggest concentration of customers are in media and entertainment (including The Wall Street Journal and A&E), retail and e-commerce (eBay), and software and technology companies (Microsoft and Salesforce).
The company has raised $8.75 million to date, most recently through a $5.5 million Series B round of funding announced in September and led by Polaris Venture Partners. The startup has grown its staff from 10 last year to its currently level of 40.
Rue La La — a Boston-based e-commerce site — has been using Localytics since its inception in 2008. Michael Putnam, a vice president at Rue La La, said Localytics has helped the firm learn more about its customers. The shopping site operates by opening a series of short-run boutiques every day; as each is launched at 11 a.m. Eastern time, customers are almost always viewing via their smart phones. Meanwhile, tablet usage peaks in the evening, and mobile usage increases on the weekend. Mobile sessions mean quicker visits and more impulsive, lower-cost purchases.
“You can really target what kind of information you’re sharing with people,” said Putnam, adding that the goal is to “show people things they’re likely to buy on the device that’s appropriate.”
Ultimately, mobile purchases comprise of 30 to 40 percent of Rue La La’s revenue. “It’s really taken off for us,” Putnam said.
And Aggarwal thinks it’s only a matter of time before that becomes the status quo. “People are becoming serious about mobile,” he said. “(App designers) are going to want to continue to get a holistic view of their users, a 360 view of their users, no matter where they are.”

Original story link here.

Monday, May 27, 2013

Steampunk therapy

Steampunk as art therapy for the autistic

Sunday, May 19, 2013

Unique carousel for a unique city

Flight of fancy

Newburyport, Haverhill artists creating a whimsical new carousel for children visiting Boston’s Rose Kennedy Greenway

Friday, May 17, 2013

The art of (and the marketplace for) notes

May 17, 2013
Startups & Venture Capital

Startup puts the art of note-taking on sale

Taryn Plumb, Special to the Journal

David Petruziello, pictured here at Fenway Park in the dugout, is co-founder and COO of Flashnotes, which offers an online marketplace for buying and selling college study materials.

 
Courtesy

There’s an art and a discipline to taking notes and studying. And just like anything, some people are better at it than others.
Boston-based Flashnotes aims to improve the learning experience by allowing college students to trade in a valuable commodity: study materials.
“This is students helping students,” said Dave Petruziello, the firm’s chief operating officer, who co-founded the company with Mike Matousek in late 2010. “That’s what’s been missing in education.”
Flashnotes lets students buy and sell course notes, flash cards, chapter presentations, videos and study guides. As a result, the company claims that 65 percent of users increase their GPA, determined through a case study it performed at John Carroll University in Ohio.
The startup is now actively marketing its service in six schools, but it’s also spread virally to 200 others, according to Petruziello.
“We’re leveling the playing field for college students, allowing them to find the materials they need for class so that their results go up,” he said.
At the same time, he noted, the site is also enabling students — who are often cash-strapped and will most likely face years of loan debt — to make money. The average selling price for a set of notes is $8.50, although he said he’s seen it go as high as $200 for highly specialized content.
Sellers set their own price and are encouraged to promote their materials. (The company keeps 30 percent of sales.) Like eBay, the site also has a crowdsourcing element, fostering ranking and rating.
Northeastern University student Craig Curelop said he has made about $800 over the past year using the service. A business administration student expecting to graduate in 2015, he has created study guides and flash cards to sell to classmates in three different courses (after seeking permission from instructors).
Ultimately, the process has helped him improve his grades, too.
“Naturally, as I make these flash cards and study guides, I am studying, as well,” he said. “With Flashnotes, I am forced to be proactive, make the study guides in advance, and really make sure I have a grasp on the material by the time the exams come.”
Petruziello declined to disclose the number of users of Flashnotes. But he said the site is growing every month.
Flashnotes, which currently has 16 employees, moved from Cleveland to Boston in late 2011. The startup is backed by $1.8 million from Atlas Venture and SoftBank Capital, along with angel investors including Michael Lazerow, Paul Sethi and Paul Tedeschi.
Flashnotes is currently in the process of extending that round to receive more equity funding, Petruziello said. The company is also working on partnerships with plagiarism checker Turnitin.com and education technology company Blackboard, and is pursuing various incentives and promotions — such as concert tickets — for its most active and successful sellers.

Original story link here.

Monday, May 13, 2013

Walking to learn

Walking tours tell local lore, history

Monday, May 6, 2013

Navigating the healthcare system, one program at a time

Nonprofit provides path to health services, savings