The company of the day is ThoughtBuzz, based in Singapore. ThoughtBuzz builds software which helps companies track social media. You will find below an interview with Anshul Jain, Founder of ThoughtBuzz. All the best to them and congrats for being the startup of the day!
I am Anshul Jain, Founder of ThoughtBuzz. We are a social media intelligence company.
I was working as a consultant with Oracle Financial Services Software Ltd.
Being an avid user of social media and its growing importance for companies, we realized that there is a huge opportunity to provide social media monitoring services for companies.
We have built our own software from ground up which helps companies track social media and monitor who is talking about their brand and what. Our model is a subscription based model.
Our market is basically any company which would want to know who is talking about their product or service in social media.
Would just like to say that we have companies which are already testing the product.
VC funded and SPRING Singapore YES! Startups Grant.
Not at this point of time.
Currently we have 3 full time and 2 part time employees. We have 2 full time developers.
As of now we are not actively looking for anyone but if the right candidate comes along, we wouldn't mind.
We are mostly using open source for our development. Gives us a lot of flexibility and costs nothing.
Yes, our analysis engine is our IP.
Subscription based services are definitely hot. People don't want to use bulky software on their desktops.
The BizSpark program is very good as it provides startups a platform to build awareness and free software.
Its never too late to start. Use common sense and evaluate if your idea can generate money. If yes then just do it.