61 karma · joined May 27, 2007
Lot's of ideas get tried out, some times they stick. Other times they take 2 or 3 starts/failures before they stick
So - find a lawyer local to you, and have him set up the S-Corp in your state. Don't worry about it being in Delaware. Making that change later, or even going to a C-corp is easy (for a lawyer)
Oh and other 'teams' will read the book, understand the new metrics that help predict success, spend more money, and win the World Series (e.g. Liquidity event). Maybe even do it twice in 3 years =)
And yes - the method for SecurID was long ago known - just read the patent.
I think you're making the error of equating "energy" with "oil". In an economy that relies on moving people and stuff around, new cheaper ways of supplying the energy will always be found - it's in our nature.
Example: New York state has huge natural gas reserves. If you converted all the buses in New York to run on CNG, the state would still be be a net-exporter of natural gas.
Nice machine.
Text messaging to groups can be challenging. While it's straight forward to send a single message to an individual from your web site, managing group communications are more complex. Padpaw is offering this capability which has been developed and tested with real live groups.
The text messaging service consists of a REST API to Padpaw's messaging server which allows for a quick integration. Individuals and companies wishing to use the API will need to register with Padpaw to obtain an API key. You can find out more information, including documentation at our web site:
Future API releases will incorporate other Padpaw features such as event RSVP, sign-ups, and polls.
The service is in Beta and we're looking forward to you trying it and giving us your feedback. During our limited Beta program, you can use the messaging system to up to 200 messages. Pricing for our production version of the service will be announced later.
If you're getting a prototype working, textmarks might be the way to go. You'll have to prefix your SMS command set with a keyword. Longer term you want your customers/members to identify with your own shortcode. Imagine them getting messages from two services on 41411
As far as pricing, expect to pay a monthly fixed fee and then a per message charge. I found mBlox pricing was the best.
The best example I can think of that goes after a specific group is Dogster. Dogster was started as a joke by someone who created the site over a weekend (at least that's the story I heard). Much to the designer's surprise, people really wanted to talk with other people about their dogs. Dogster has since raised some money and is getting revenue from sponsorships. Woof!
Increasingly, people/groups will just put these networks together themselves instead of relying on a business to do it for them. Ning has been working hard and has a bunch of social networks already up and running. They make it easy for people to put together all the components (forums, photo albums, video, etc.).
Plug: Mobile Monday Boston will be having its next meeting on Sept. 17 to discuss mobile social networking. A number of companies will be presenting (including mine - padpaw.net).
OTOH - nice vision :)