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	<title>Comments on: Spinvox offers employees shares instead of salary</title>
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	<link>http://venturebeat.com/2009/07/16/spinvox-offers-employees-shares-instead-of-salary/</link>
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	<lastBuildDate>Tue, 24 Nov 2009 05:47:06 +0000</lastBuildDate>
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		<title>By: TimO</title>
		<link>http://venturebeat.com/2009/07/16/spinvox-offers-employees-shares-instead-of-salary/comment-page-1/#comment-879961</link>
		<dc:creator>TimO</dc:creator>
		<pubDate>Thu, 30 Jul 2009 21:36:37 +0000</pubDate>
		<guid isPermaLink="false">http://venturebeat.com/?p=114945#comment-879961</guid>
		<description>And having read SpinVox&#039;s response, I recommend you then read:&lt;br&gt;&lt;br&gt;&lt;a href=&quot;http://www.bbc.co.uk/blogs/technology/2009/07/spinvox_we_stand_by_our_story.html&quot; rel=&quot;nofollow&quot;&gt;http://www.bbc.co.uk/blogs/technology/2009/07/s...&lt;/a&gt;&lt;br&gt;&lt;br&gt;where the BBC stand by their SpinVox story; the BBC are very confident in their position on this one.&lt;br&gt;&lt;br&gt;And hat-tip to Sarah Bridge @ The Mail (cf. Sarah&#039;s comment above) who has also picked up this story and subsequently published:&lt;br&gt;&lt;br&gt;&lt;a href=&quot;http://www.dailymail.co.uk/money/article-1202185/Pay-cut-SpinVox-phone-text-tycoons-told.html&quot; rel=&quot;nofollow&quot;&gt;http://www.dailymail.co.uk/money/article-120218...&lt;/a&gt;&lt;br&gt;&lt;br&gt;Good to see the &quot;mainstream&quot; media taking and interest and running with a good tech story.</description>
		<content:encoded><![CDATA[<p>And having read SpinVox&#39;s response, I recommend you then read:</p>
<p><a href="http://www.bbc.co.uk/blogs/technology/2009/07/spinvox_we_stand_by_our_story.html" rel="nofollow"></a><a href="http://www.bbc.co.uk/blogs/technology/2009/07/s.." rel="nofollow">http://www.bbc.co.uk/blogs/technology/2009/07/s..</a>.</p>
<p>where the BBC stand by their SpinVox story; the BBC are very confident in their position on this one.</p>
<p>And hat-tip to Sarah Bridge @ The Mail (cf. Sarah&#39;s comment above) who has also picked up this story and subsequently published:</p>
<p><a href="http://www.dailymail.co.uk/money/article-1202185/Pay-cut-SpinVox-phone-text-tycoons-told.html" rel="nofollow"></a><a href="http://www.dailymail.co.uk/money/article-120218.." rel="nofollow">http://www.dailymail.co.uk/money/article-120218..</a>.</p>
<p>Good to see the &#8220;mainstream&#8221; media taking and interest and running with a good tech story.</p>
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		<title>By: Doxin</title>
		<link>http://venturebeat.com/2009/07/16/spinvox-offers-employees-shares-instead-of-salary/comment-page-1/#comment-878213</link>
		<dc:creator>Doxin</dc:creator>
		<pubDate>Fri, 24 Jul 2009 00:00:50 +0000</pubDate>
		<guid isPermaLink="false">http://venturebeat.com/?p=114945#comment-878213</guid>
		<description>Worth a read....http://blog.spinvox.com/2009/07/23/spinvoxs-response/</description>
		<content:encoded><![CDATA[<p>Worth a read&#8230;.http://blog.spinvox.com/2009/07/23/spinvoxs-response/</p>
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		<title>By: from another site</title>
		<link>http://venturebeat.com/2009/07/16/spinvox-offers-employees-shares-instead-of-salary/comment-page-1/#comment-878212</link>
		<dc:creator>from another site</dc:creator>
		<pubDate>Thu, 23 Jul 2009 20:45:37 +0000</pubDate>
		<guid isPermaLink="false">http://venturebeat.com/?p=114945#comment-878212</guid>
		<description>From: Sarah Bridge, &lt;br&gt;&lt;br&gt;Hi there,&lt;br&gt;&lt;br&gt;I&#039;m a newspaper journalist looking at doing a story on SpinVox and would be interested in hearing more from the people writing here, especially former/current staffers and suppliers. If you&#039;d like to chat, then do drop me a line at &lt;a href=&quot;mailto:sarah.bridge@mailonsunday.co.uk&quot; rel=&quot;nofollow&quot;&gt;sarah.bridge@mailonsunday.co.uk&lt;/a&gt; (I write for the business section) and it would be great to have a chat.&lt;br&gt;&lt;br&gt;All the best,&lt;br&gt;&lt;br&gt;Sarah Bridge&lt;br&gt;&lt;br&gt;&lt;br&gt;Posted on: July 23, 2009 10:33 AM</description>
		<content:encoded><![CDATA[<p>From: Sarah Bridge, </p>
<p>Hi there,</p>
<p>I&#39;m a newspaper journalist looking at doing a story on SpinVox and would be interested in hearing more from the people writing here, especially former/current staffers and suppliers. If you&#39;d like to chat, then do drop me a line at <a href="mailto:sarah.bridge@mailonsunday.co.uk" rel="nofollow">sarah.bridge@mailonsunday.co.uk</a> (I write for the business section) and it would be great to have a chat.</p>
<p>All the best,</p>
<p>Sarah Bridge</p>
<p>Posted on: July 23, 2009 10:33 AM</p>
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		<title>By: TimO</title>
		<link>http://venturebeat.com/2009/07/16/spinvox-offers-employees-shares-instead-of-salary/comment-page-1/#comment-875005</link>
		<dc:creator>TimO</dc:creator>
		<pubDate>Fri, 17 Jul 2009 18:04:31 +0000</pubDate>
		<guid isPermaLink="false">http://venturebeat.com/?p=114945#comment-875005</guid>
		<description>SpinVox has always been a company for which I have had grave reservations and one that I have been watching for quite sometime (since I have a background in telephony-based speech recognition applications, even if that isn’t my gig these days).&lt;br&gt;&lt;br&gt;Now my grave reservations are not due to the colourful history of its execs (of which I wasn’t aware until reading thedeal, pC:UK - both referenced above - and other sources) but really due to the fact that I have always felt that the company - right from when it launched, till date - has always tried to conceal the fact that its transcription is powered by humans; the core SpinVox patent is a workflow patent and while I’m sure they are trying to automate as much as they can with speech recognition (whether home grown or licensed from a real player), they will never - in the foreseeable future (and it will be that horizon against which this business is valued) - be able to achieve a material percentage of automation which will allow them to scale the business.&lt;br&gt;&lt;br&gt;Quoting the core SpinVox patent (see &lt;a href=&quot;http://www.freepatentsonline.com/y2006/0223502.html%29:&quot; rel=&quot;nofollow&quot;&gt;http://www.freepatentsonline.com/y2006/0223502....&lt;/a&gt; &quot;Voicemail is received at a voicemail server and converted to an audio file format; it is then sent or streamed over a wide area network to a voice to text transcription system comprising a network of computers. One of the networked computers plays back the voice message to an operator and the operator intelligently transcribes the actual message from the original voice message by entering the corresponding text message (actually a succinct version of the original voice message, not a verbose word-for-word conversion) into the computer to generate a transcribed text message. The transcribed text message is then sent to the wireless information device from the computer. Because human operators are used instead of machine transcription, voicemails are converted accurately, intelligently, appropriately and succinctly into text messages (SMS/MMS).&quot;&lt;br&gt;&lt;br&gt;Using call centres full of humans to transcribe people’s voicemail - setting aside any privacy concerns that may follow from that degree of human intervention - will not scale and is doomed to fail.  Speech recognition isn&#039;t going to save them; they really just started in the wrong place with a service which relied wholly/heavily on human transcribers.  Contrast this with Google, who following the relaunch of GrandCentral as Google Voice, have started at the other (and I would assert correct) end of the spectrum, i.e. with a pure speech recognition based service (which is, of course, but one aspect of their comprehensive voice service.)&lt;br&gt;&lt;br&gt;Given the concealing approach to the way in which the SpinVox business works and the inherent lack of scalability therein, the fact they are called *Spin*Vox is both very Freudian and very true.&lt;br&gt;&lt;br&gt;Spin. Crash. Burn. Fail. Tick tock tick tock...</description>
		<content:encoded><![CDATA[<p>SpinVox has always been a company for which I have had grave reservations and one that I have been watching for quite sometime (since I have a background in telephony-based speech recognition applications, even if that isn’t my gig these days).</p>
<p>Now my grave reservations are not due to the colourful history of its execs (of which I wasn’t aware until reading thedeal, pC:UK &#8211; both referenced above &#8211; and other sources) but really due to the fact that I have always felt that the company &#8211; right from when it launched, till date &#8211; has always tried to conceal the fact that its transcription is powered by humans; the core SpinVox patent is a workflow patent and while I’m sure they are trying to automate as much as they can with speech recognition (whether home grown or licensed from a real player), they will never &#8211; in the foreseeable future (and it will be that horizon against which this business is valued) &#8211; be able to achieve a material percentage of automation which will allow them to scale the business.</p>
<p>Quoting the core SpinVox patent (see <a href="http://www.freepatentsonline.com/y2006/0223502.html%29:" rel="nofollow"></a><a href="http://www.freepatentsonline.com/y2006/0223502..." rel="nofollow">http://www.freepatentsonline.com/y2006/0223502&#8230;</a>. &#8220;Voicemail is received at a voicemail server and converted to an audio file format; it is then sent or streamed over a wide area network to a voice to text transcription system comprising a network of computers. One of the networked computers plays back the voice message to an operator and the operator intelligently transcribes the actual message from the original voice message by entering the corresponding text message (actually a succinct version of the original voice message, not a verbose word-for-word conversion) into the computer to generate a transcribed text message. The transcribed text message is then sent to the wireless information device from the computer. Because human operators are used instead of machine transcription, voicemails are converted accurately, intelligently, appropriately and succinctly into text messages (SMS/MMS).&#8221;</p>
<p>Using call centres full of humans to transcribe people’s voicemail &#8211; setting aside any privacy concerns that may follow from that degree of human intervention &#8211; will not scale and is doomed to fail.  Speech recognition isn&#39;t going to save them; they really just started in the wrong place with a service which relied wholly/heavily on human transcribers.  Contrast this with Google, who following the relaunch of GrandCentral as Google Voice, have started at the other (and I would assert correct) end of the spectrum, i.e. with a pure speech recognition based service (which is, of course, but one aspect of their comprehensive voice service.)</p>
<p>Given the concealing approach to the way in which the SpinVox business works and the inherent lack of scalability therein, the fact they are called *Spin*Vox is both very Freudian and very true.</p>
<p>Spin. Crash. Burn. Fail. Tick tock tick tock&#8230;</p>
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		<title>By: JACK</title>
		<link>http://venturebeat.com/2009/07/16/spinvox-offers-employees-shares-instead-of-salary/comment-page-1/#comment-874185</link>
		<dc:creator>JACK</dc:creator>
		<pubDate>Fri, 17 Jul 2009 03:24:51 +0000</pubDate>
		<guid isPermaLink="false">http://venturebeat.com/?p=114945#comment-874185</guid>
		<description>Ms. Domecq...are you listening?&lt;br&gt;&lt;br&gt;Your day of reckoning is coming soon!</description>
		<content:encoded><![CDATA[<p>Ms. Domecq&#8230;are you listening?</p>
<p>Your day of reckoning is coming soon!</p>
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		<title>By: keeping track</title>
		<link>http://venturebeat.com/2009/07/16/spinvox-offers-employees-shares-instead-of-salary/comment-page-1/#comment-873837</link>
		<dc:creator>keeping track</dc:creator>
		<pubDate>Fri, 17 Jul 2009 00:43:33 +0000</pubDate>
		<guid isPermaLink="false">http://venturebeat.com/?p=114945#comment-873837</guid>
		<description>check these out:&lt;br&gt;&lt;br&gt;&lt;a href=&quot;http://www.thedeal.com/dealscape/2009/07/spinvox_offers_stock_options_a.php&quot; rel=&quot;nofollow&quot;&gt;http://www.thedeal.com/dealscape/2009/07/spinvo...&lt;/a&gt;&lt;br&gt;&lt;br&gt;&lt;a href=&quot;http://paidcontent.co.uk/article/419-spinvox-paying-staff-in-stock-to-save-on-costs/#comments&quot; rel=&quot;nofollow&quot;&gt;http://paidcontent.co.uk/article/419-spinvox-pa...&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>check these out:</p>
<p><a href="http://www.thedeal.com/dealscape/2009/07/spinvox_offers_stock_options_a.php" rel="nofollow"></a><a href="http://www.thedeal.com/dealscape/2009/07/spinvo.." rel="nofollow">http://www.thedeal.com/dealscape/2009/07/spinvo..</a>.</p>
<p><a href="http://paidcontent.co.uk/article/419-spinvox-paying-staff-in-stock-to-save-on-costs/#comments" rel="nofollow"></a><a href="http://paidcontent.co.uk/article/419-spinvox-pa.." rel="nofollow">http://paidcontent.co.uk/article/419-spinvox-pa..</a>.</p>
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		<title>By: Pedro</title>
		<link>http://venturebeat.com/2009/07/16/spinvox-offers-employees-shares-instead-of-salary/comment-page-1/#comment-873836</link>
		<dc:creator>Pedro</dc:creator>
		<pubDate>Thu, 16 Jul 2009 23:56:46 +0000</pubDate>
		<guid isPermaLink="false">http://venturebeat.com/?p=114945#comment-873836</guid>
		<description>where there&#039;s smoke there&#039;s fire. Having raised $100M for this model leaves many questions. An audit of the books is in order.</description>
		<content:encoded><![CDATA[<p>where there&#39;s smoke there&#39;s fire. Having raised $100M for this model leaves many questions. An audit of the books is in order.</p>
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