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June 03, 2007
Respectance Gets Solid Ventures Backing
Last week, our sister site reported that memorial multimedia site Respectance, which operates out of San Francisco and Krakow was in line for some funding from a Dutch group.
In the meantime we had an email from Solid Ventures, saying that it is the sole investor in the startup's Series A round. The size of the deal is not disclosed.
Respectance is onto something, especially if you look at what it is basically competing with: the death notice section in newspapers. Make it past the age of the 35 and you might not read your hometown and local newspapers for their news anymore but a lot of people do read the death notices and classified ads.
We know what is happening to the classified ads section. What this site is doing just takes the print version to a new and more up-to-date level, although one that for the time being lacks the newspaper's ability to charge good money for it : most of us don't live in our hometown anymore and we use digital images as much if not more than text to communicate.
Will the startup generate sales and how much? Can it get the marketing right to enable it to grow into a lucrative web property?
The VCs think it will. Robert Wilhelm, a partner at Solid Ventures, said in a statement that the team at Respectance has the "business acumen and the right emotional approach" to address the market opportunity.
The team in question is Richard Derks (on the right in the picture nearby), one of the original founders of KaZaA, and Todd Wilkinson, both of whom have been working together for several years at digital marketing agency iizt, which is based in The Netherlands with developers in Poland.
Read - Bring Out Your Dead: Respectance (alarm:clock)
Posted on June 3, 2007 06:49 AM | Posted to News And Updates | Permalink
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