Comments on: Ntag raises $8.3M more for event social networking

By: American Express Company

American Express Company — Mon, 08 Oct 2007 12:40:50 +0000

Thanks for the info about Ntag raises $8.3M more for event social networking!

By: James

James — Fri, 24 Aug 2007 08:54:33 +0000

Jimmy,
The Japanese device you were referring to, was called the “Lovegety” circa 1998.

http://en.wikipedia.org/wiki/Lovegetty

http://www.wired.com/culture/lifestyle/news/1998/06/12899

http://www.cnn.com/WORLD/asiapcf/9806/07/fringe/japan.lovegety/

By: Gadget Clerks

Gadget Clerks — Fri, 24 Aug 2007 00:01:21 +0000

[...] [via VentureBeat] [...]

By: VentureBeat » Select Minds, one of just 34 companies offering social networks

Tue, 21 Aug 2007 18:38:43 +0000

[...] it cited the onslaught of demand as the reason for raising its first round of capital (see our coverage last week [...]

By: nTag Raises $8.3M in Series B Round of Funding | Tekjuice.com

nTag Raises $8.3M in Series B Round of Funding | Tekjuice.com — Mon, 20 Aug 2007 17:16:12 +0000

[...] [via VentureBeat] [...]

By: » nTag Raises $8.3M in Series B Round of Funding Tech Web Daily: Just another Tech News Blog

Sat, 18 Aug 2007 20:06:41 +0000

[...] [via VentureBeat] [...]

By: Jimmy Huen

Jimmy Huen — Sat, 18 Aug 2007 04:39:15 +0000

Many years ago, I’ve read somewhere that in Japan , something similar has been used to bring together ordinary folks that want to get “Introduced”. A device will vibrate silently if you walk pass someone at the grocery isle or the train station for example, that have the right natch of pre-defined qualities.

I’ve always love that idea for Joe Schmoe on the street.

By: proxieslist.net

proxieslist.net — Fri, 17 Aug 2007 20:49:56 +0000

[...] [via VentureBeat] [...]

By: nTag Raises $8.3M in Series B Round of Funding

nTag Raises $8.3M in Series B Round of Funding — Fri, 17 Aug 2007 20:45:19 +0000

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By: Brandon

Brandon — Fri, 17 Aug 2007 17:54:03 +0000

WOW… A. Smith & Steve I agree. I looked at the vids on nTag’s site. How is this a sustainable business. How did they convince VC’s to give them funding.

By: Steve

Steve — Fri, 17 Aug 2007 17:14:04 +0000

This is stupid business idea. The investors, by definition, are morons.

By: Matt Marshall

Matt Marshall — Fri, 17 Aug 2007 17:07:58 +0000

Here’s more, straight from a company representative, to explain what is meant by the $168 billion number:

“The entire event market — trade shows, association meetings, corporate events makes up $168 B. The numbers come from a study called Futurewatch, funded by American Express and MPI — the Meeting Planners International association.

nTAGs are typically used by events with 50 people and up so the market for badges is considerably smaller and hasn’t been delineated. In theory, any business that has a meeting — of any type — with at least 50 people is a target for nTAGs. I wish I could give you #s, but IDC and Dataquest don’t cover this end of the tech market so we rely on #s from the meeting planners.”

By: A. Smith

A. Smith — Fri, 17 Aug 2007 15:51:08 +0000

This is a great example of a solution looking for a problem.

By: Matt Marshall

Matt Marshall — Fri, 17 Aug 2007 15:22:12 +0000

I did a double-take on that too. The company just said “market” and did not specify. I’ll see if they have anything more on that…

By: Vapid Valerie

Vapid Valerie — Fri, 17 Aug 2007 14:40:33 +0000

$168 billion market? Could that possibly be right?

And, even if it is right, what portion of that is spent on nametags and personal networking devices?