SaaS in North Texas
Wednesday, January 16, 2008 by Lincoln Murphy
At the first Southwest Venture Forum meeting of 2008, the official topic was "Venture Capital Update: 2008", but the unofficial topic, when speaking with those in attendance, was all SaaS. First, I spoke to a banker who said his client is a SaaS vendor (technically an ASP, but I forgive him) and the company handing out a 3-fold pamphlet for their MySpace killer (guerrilla style) have a "SaaS Guru" as their CTO.
Finally, the two companies that presented their investor pitches (Red Oxygen and 2Go Software) made sure to use the SaaS buzzword in their presentations, even though they don't seem to have SaaS products at all. Red Oxygen definitely has a hosted solution and I think 2Go said they do as well. Don't forget, however, that hosted is not the same as SaaS.
This was interesting, especially given the fact that this was a non-tech event. I do think that we need to re-define what SaaS is, but at least its out there, and technology start-ups in North Texas apparently see enough value in the term to use it in their pitches. I'm going to begin work cataloging the true SaaS start-ups in North Texas. If you have a SaaS start-up in this neck of the woods, drop me a line… lincoln [at] lincolnmurphy [dot] com
Finally, the two companies that presented their investor pitches (Red Oxygen and 2Go Software) made sure to use the SaaS buzzword in their presentations, even though they don't seem to have SaaS products at all. Red Oxygen definitely has a hosted solution and I think 2Go said they do as well. Don't forget, however, that hosted is not the same as SaaS.
This was interesting, especially given the fact that this was a non-tech event. I do think that we need to re-define what SaaS is, but at least its out there, and technology start-ups in North Texas apparently see enough value in the term to use it in their pitches. I'm going to begin work cataloging the true SaaS start-ups in North Texas. If you have a SaaS start-up in this neck of the woods, drop me a line… lincoln [at] lincolnmurphy [dot] com
Labels: entrepreneurship, SaaS, start-up, swvf, venture capital
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