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Posts Tagged ‘Co:WAYN’

Travel sites are in fashion this spring, with new sites adding at a steady pace. Finnish travel site TripSay is just the latest to emerge, for example, with ways to share tips about travel. It’s still in closed testing, but it plans to open to the public in a few months.

With hundreds of travel sites now existing — ranging from the big ones like Expedia to the small, single-author blogs dedicated to travel — how are they all going to make money?

Well, enter Travel Ad Network, TAN, which wants to help place ads at all these sites. It just raised $15 million from Rho Ventures, Village Ventures and individuals. The money will be used to increase advertising across travel websites. The company says it is serving 50 sites already. This could mean that some of these flavor-of-the-times sites may eventually make some money.

But being a traveler online is not always glamorous. While testing the basic features of TripSay, I was met with: “Cecilia has been to 5 places and is thus described as “Random tourist”. Next level at 10 ratings.”

Huh? It’s early days still for TripSay, so let’s cut it some slack. It works as a social community where as a member, you create and personalize your profile. You’re asked to list places you have been and rate them with a five-point smiley system. The ratings appear as icons on a world map. Only placing a few ratings will result in being dubbed the “Random tourist” — not a very admirable introduction for someone who has traveled the world. If you’re patient, and add a couple of hundred places, you’ll eventually earn a nickname like “Columbus.” However, quality of ratings might suffer if new users feel rushed to fill in information to avoid that initial rude description.
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If you’ve never heard of Dragon’s Den, it’s a popular British TV reality series, where entrepreneurs pitch their ideas to get funding from business experts — the “Dragons”. One of those Dragons, Doug Richard, a UK-based Californian and founder of investment research firm Library House got a name for himself as a particularly fastidious investor on the show. And now he’s selected 20 of the UK’s most promising web application start-ups to go and try their luck in Silicon Valley.

The initiative is called Web Mission 2008, and it offers subsidized participation in a one-week tour of the Valley, which begins next week. The program includes visits to Oracle, Bebo and the Web 2.0 Expo. For these British web start-ups, many with CEOs in their twenties, it’s a pretty alluring opportunity. The jury, led by Doug Richard, describe the selected companies as highly promising businesses that are well prepared to attract American investors and customers. “Some of these companies are as good as anything coming out of the Valley”, Richard said in a statement.

More than 100 British web companies applied for the 20 available slots, and the winners were announced the first week of March. The program is sponsored by the UK Trade & Investment Organisation, along with some companies from the private sector. The idea is that British web companies in their early stage have a lot to learn — and earn — from entering the US.

The companies span a broad range of web applications (see full list here). Most were founded a year or two ago. Here’s a quick taste of who’s coming:

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