islabs - the genesis

ISLabsThe Genesis

justin spratt – 19 june 2009

ISLabs – Germination• Brainchild of Fletch

• Water-cooler chats… gazillion ideas

• IS has some of the smartest people

• We are best equipped private enterprise to help tech

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ISLabs – The Problem

SA has….

Great peopleGreat ideasEnough money

So what is the problem?

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ISLabs – Finance Continuum Chasm

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ISLabs – The Idea

Angel great, but we don’t have $

Incubator best model for IS

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Y- Combinator

Google Projects

Summer of Code

ISLabs – Y-Combinator • Loopt (2005), mobile social networking, on all

the major U.S. carrier networks

• Scribd (2006), a Web-based document publisher, partnered with Random House

• Xobni (2006), an e-mail software maker, was demoed by Bill Gates, a $20 million buyout offer

• Weebly (2007), a website authoring toolmaker, 1-million-users mark

• Omnisio (2008), an online video annotator, acquired last year by Google, circa $15 million

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ISLabs – Google Projects

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ISLabs – The Team

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FletchThe Engineer

Carps The Scientist

DC The Creative

The Finance Guy

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Thanks!