Blogger Commerce Network OpenSky Fetches $6 Million Series B

openskylogo Blogger Commerce Network OpenSky Fetches $6 Million Series B

With a recent public launch under its belt, OpenSky is adding $6 million in new capital. Existing investors Highland Capital and Canaan Partners invested in the series B financing. A year ago, the company raised $5 million.

OpenSky is a social marketing/e-commerce startup which connects manufacturers and distributors directly with influential bloggers who recommend their products and get a cut from resulting sales. It is much more than an affiliate networks. As I described OpenSky when it launched:

While OpenSky sounds at first like an affiliate network, it isn’t. Instead of sending customers off to other online stores, they send them to their own stores where they can track sales and follow up with personalized messages. OpenSky hand picks the publishers who are allowed to set up shops and sell in its network. It then strikes deals directly with manufacturers and distributors who agree to drop-ship any sold items to readers who click to buy through an OpenSky shop. Instead of the blogger getting a 3 to 10 percent affiliate fee, they split the net profits 50/50 with OpenSky. The economics work best obviously with high-margin products.

OpenSky CEO John Caplan was previously the CEO of Ford Models, and before that the president of About.com. He tells me that “seller conversion rates grow and repeat shoppers buy more frequently” since the launch (before that, OpenSky was in private beta with 250 bloggers). His plans going forward include hiring more people, releasing a distributed cart (for onsite shopping without sending readers off to a store), opening up OpenSky’s APIs, improve the relevance matching between product manufacturers and bloggers/influencers, and better direct marketing support for sellers.

Information provided by CrunchBase

 Blogger Commerce Network OpenSky Fetches $6 Million Series B  Blogger Commerce Network OpenSky Fetches $6 Million Series B  Blogger Commerce Network OpenSky Fetches $6 Million Series B  Blogger Commerce Network OpenSky Fetches $6 Million Series B  Blogger Commerce Network OpenSky Fetches $6 Million Series B  Blogger Commerce Network OpenSky Fetches $6 Million Series B

 Blogger Commerce Network OpenSky Fetches $6 Million Series B
 Blogger Commerce Network OpenSky Fetches $6 Million Series B

 Blogger Commerce Network OpenSky Fetches $6 Million Series B  Blogger Commerce Network OpenSky Fetches $6 Million Series B  Blogger Commerce Network OpenSky Fetches $6 Million Series B  Blogger Commerce Network OpenSky Fetches $6 Million Series B  Blogger Commerce Network OpenSky Fetches $6 Million Series B

 Blogger Commerce Network OpenSky Fetches $6 Million Series B

 Clickable Gets Social With Facebook Ads

clickablelogo Clickable Gets Social With Facebook Ads

It will soon be possible to compare the performance of search and social ad campaigns side by side. Clickable, the ad management platform that lets search marketers measure and track the performance of their online marketing campaigns across different search engines and advertising networks, will be adding Facebook Ads as an option on April 12.

What that means is that an advertiser buying pay-per-click ads on Google can test the performance of those search ads against pay-per-click ads on Facebook targeted to particular social demographics. Search ads versus social ads, all in one dashboard. According to this sign-up page on Clickable:

Clickable Pro now empowers you to create and upload pay-per-click Facebook ads in bulk. And with Clickable conversion tracking, you can track Facebook and search marketing revenues and conversions with a simple tag placed on your Web site. You can even produce customized, white-label reports with search and social performance displayed side by side.

Clickable is a Facebook partner which has integrated its service with the Facebook Ads API, which will allow Clickable customers to create, upload, and manage Facebook Ads directly from Clickable. The integration will work with pay-per-click text or image ads, but not yet with regular display ads.

Facebook ads are bringing in real revenues now for the social network. But how will they compare to search ads?

 Clickable Gets Social With Facebook Ads  Clickable Gets Social With Facebook Ads  Clickable Gets Social With Facebook Ads  Clickable Gets Social With Facebook Ads  Clickable Gets Social With Facebook Ads  Clickable Gets Social With Facebook Ads

 Clickable Gets Social With Facebook Ads
 Clickable Gets Social With Facebook Ads

 Clickable Gets Social With Facebook Ads  Clickable Gets Social With Facebook Ads  Clickable Gets Social With Facebook Ads  Clickable Gets Social With Facebook Ads  Clickable Gets Social With Facebook Ads

 Clickable Gets Social With Facebook Ads

 Reputation Is Dead: It’s Time To Overlook Our Indiscretions

pot Reputation Is Dead: It’s Time To Overlook Our IndiscretionsTrying to control, or even manage, your online reputation is becoming increasingly difficult. And much like the fight by big labels against the illegal sharing of music, it will soon become pointless to even try. It’s time we all just give up on the small fights and become more accepting of the indiscretions of our fellow humans. Because the skeletons are coming out of the closet and onto the front porch.

We’ll look back on the good old days when your reputation was really only on the line with eBay via confirmed, actual transactions and LinkedIn, where you can simply reject anyone who leaves bad feedback on your professional life.

Today we have quick fire and semi or completely anonymous attacks on people, brands, businesses and just about everything else. And it is becoming increasingly findable on the search engines. Twitter, Yelp, Facebook, etc. are the new printing presses, and absolutely everyone, even the random wingnuts, have access.

That picture of you making out with two guys in college up on Facebook. Or perhaps doing a bong hit after winning a few Olympic gold medals. The random slam against your restaurant anonymously left by the owner of the competitor around the corner. The Twitter flame about how bad a driver you are, complete with a link to a picture of your license plate.

And it’s about to get a lot worse. Next week a startup is launching that’s effectively Yelp for people (look for our coverage in a few days). If someone has something good or bad to say about you, they’ll be able to do it anonymously and with very little potential legal or social fallout.

We’ve seen services like this in the past. Rapleaf and iKarma come to mind. But they were flawed – Rapleaf now collects and sells data about people, and iKarma seems to be little more than a realtor focused service. Another service, Gorb, has vanished completely.

But something tells me this new service, or some other one, might succeed where the others have failed. We’re primed and ready now and have lots of experience publishing all those random opinions about people and things on Twitter, Yelp and Facebook already. It’s time for a centralized, well organized place for anonymous mass defamation on the Internet. Scary? Yes. But it’s coming nonetheless.

This has been on my mind for a long while now. Our minds haven’t evolved much over the last few thousands of years, but the spread of quick fire opinions is now moving at the speed of light and forever findable on the Internet. We’re still wired to think of gossip as something that spreads quietly behind the scenes, and relatively slowly. But we’re already in a world where it’s all completely public, there are few repercussions to the person spreading it, and it is easily searchable. No wonder people freak out. We’re fish out of water.

Sure, we’ve evolved a legal infrastructure to deal with libel, slander and defamation. Those laws worked well in an era of the printing press, and sort of stretched to cover radio and television. But they are as ineffective against the Internet as copyright laws are in battling music piracy.

Other services like Reputation Defender have launched to try to help people manage their online reputations. It can be somewhat effective unless your name gets into the press, which doesn’t back away easily from the stuff they publish. It’s relatively easy to bully someone into taking down that Twitter rant, or even that Facebook photo, with an official looking email or letter threatening legal action.

But it’s much harder to get that stuff off of services that exist to publish that information. Businesses freak out over a bad Yelp review but can do little to stop it. Imagine how you’ll feel when the top result for your name is a site that includes “reviews” of you by anonymous people who know you.

Sure, lots of feedback will be positive. But piss someone off at work and you’ll have “Sketchy and unethical in the workplace” pop up about you. And it will be there forever. Heck, your great-great-grandchildren will be reading it long after you’re gone.

So What Happens Next?

We’re going to be forced to adjust as a society. I firmly believe that we will simply become much more accepting of indiscretions over time. Employers just won’t care that ridiculous drunk college pictures pop up about you when they do a HR background search on you.

Anyone who rises quickly in a corporate environment will have people complaining about you all the way up, and it will be easily findable via search. Basically, if someone doesn’t like you, even just for a moment, they’ll have the chance to hit you with an ambiguous but damaging anonymous statement. And it will be vague enough to stop any lawyer dead in her tracks from trying to get it removed, or from even learning the identity of the person who left the comment.

So what will matter? Hard proof of being a bad person. Criminal records. Non-anonymous and clear statements of wrong doing that need to be addressed. Perhaps a picture of you actually committing a violent felony. That kind of thing.

But the nonsense we’re all worried about today? I just don’t think it will carry the same weight in a few years. Because if there are pictures of the person hiring you smoking pot in college online, and there are pictures of every other candidate smoking pot in college online, it just won’t be a big deal any more.

And the kind of accusations that can kill a career today will likely be seen as a badge of honor, and a sign of an ambitious individual who has pissed off a few people along the way.

At least that’s what I hope will happen. Because there are a few pictures of me in high school and college that I’m tired of trying to keep off the Internet. Let’s just get it all out there sooner rather than later, and move on.

 Reputation Is Dead: It’s Time To Overlook Our Indiscretions  Reputation Is Dead: It’s Time To Overlook Our Indiscretions  Reputation Is Dead: It’s Time To Overlook Our Indiscretions  Reputation Is Dead: It’s Time To Overlook Our Indiscretions  Reputation Is Dead: It’s Time To Overlook Our Indiscretions  Reputation Is Dead: It’s Time To Overlook Our Indiscretions

 Reputation Is Dead: It’s Time To Overlook Our Indiscretions
 Reputation Is Dead: It’s Time To Overlook Our Indiscretions

 Reputation Is Dead: It’s Time To Overlook Our Indiscretions  Reputation Is Dead: It’s Time To Overlook Our Indiscretions  Reputation Is Dead: It’s Time To Overlook Our Indiscretions  Reputation Is Dead: It’s Time To Overlook Our Indiscretions  Reputation Is Dead: It’s Time To Overlook Our Indiscretions

 Reputation Is Dead: It’s Time To Overlook Our Indiscretions

nytchartdec09 The New York Times’ Online Meter Will Hardly Move The Needle

The New York Times plans to introduce a metered billing system on its Website sometime next year. The newspaper will begin to charge frequent visitors to its Website along the lines of what the Financial Times does on FT.com, which starts charging people who visit the site more than 10 times a month. But the new model is unlikely to move the needle on the New York Times’ digital revenues.

Details are spare on how exactly the model will work, but it is possible to do some rough back-of-the-envelope calculations. According to comScore, NYTimes.com attracted 12.4 million U.S. visitors in December, 2009, down from 15.4 million in September, 2009. If you include all the sites the New York Times operates, including About.com, Boston.com, and the sites of various local papers, the numbers jump to 52.8 million U.S. visitors in December. But right now the company is only talking about putting up a metered billing system on the NYTimes.com proper. So we are talking about an audience of 12.4 million in the U.S. and about 20 million worldwide.

The average visitor in the U.S. comes to the site 3.7 times a month, a number which has been steadily rising. Let’s say for argument’s sake that the NYT adopts the same policy as the FT, and only charges people who visit more than 10 times a month. Let’s also be super-generous and estimate that 20 percent of its audience comes to the site more than 10 times a month, or roughly 3 million people in the U.S., or 4 million worldwide. Now subtract about a million print subscribers since they won’t be charged anything extra to read the paper online.

How many of the 2 to 3 million loyal readers who are left will actually pay for the online edition, and how much will they pay? Back in 2005 to 2007, when the NYT was offering a partial pay wall through TimesSelect, it got 210,000 readers to pay $50 a year. That added $10.5 million to its top line. The FT.com charges about $25 a month to frequent visitors. But the FT is a financial publication and, like the WSJ, readers are willing to pay more for that information. The NYT appeals to a broader demographic, so let’s assume the pricing will fall within the range of $10 to $15 a month.

If the New York Times gets 10 percent of its frequent readers who aren’t already subscribers to pay $10 a month that would come to as much as $3 million in extra revenue worldwide (300,000 X $10), or an extra $9 million a quarter. In the third quarter of 2009, the New York Times recorded $39 million in Internet advertising revenues across all of its newspaper properties. Adding $9 million would be a significant jump. But what you also have to take into account is that those Internet advertising revenues were down by $8.8 million from the year before due to the advertising recession and the decline in classifieds revenues.

So at $10 per online subscriber, the New York Times would only be replacing the online advertising revenues it lost last year. If it can charge $15 or get more than 300,000 subscribers, the numbers start to make more sense. And if the meter drives more people to subscribe to the print paper, that’s even better for the New York Times (and, in fact, I suspect that growing print subscribers is really what this is all about).

However, there is one last part to this equation. How many of those 3 million readers who hit the meter will simply stop coming to the NYTimes.com and find their news elsewhere? To the extent that the New York Times drives away a portion of its online audience, its online advertising revenues will drop as well. Getting that balancing act right will be crucial to the success of this metered scheme.

 The New York Times’ Online Meter Will Hardly Move The Needle
 The New York Times’ Online Meter Will Hardly Move The Needle

 The New York Times’ Online Meter Will Hardly Move The Needle  The New York Times’ Online Meter Will Hardly Move The Needle  The New York Times’ Online Meter Will Hardly Move The Needle  The New York Times’ Online Meter Will Hardly Move The Needle  The New York Times’ Online Meter Will Hardly Move The Needle

 The New York Times’ Online Meter Will Hardly Move The Needle

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