Tungle closes venture-financing round (5)
Tungle.com closed yesterday their financing round. They received 1.5M $ from JLA Ventures and Desjardins Venture Capital.
Tungle is launching a peer-to-peer calendar plugin. They have started the beta in March for Outlook users, but eventually users of iCal, Yahoo Calendar, Google Calendar can also setup meetings. The basic service is free, and they will charge you if you want someone else to manage your calendar (a secretary for instance).
Tungle’s service is based around a peer-to-peer model, so they don’t even have to manage their own infrastructure.
For me, this service looks like it came out of a web2.0 generator. For me, scheduling meetings involves some form of human interaction. Of course, if it makes scheduling as simple as Plaxo made if for contacts management, then it would actually make sense.
Marc Gingras, CEO and founder of Tungle, evaluates Tungle’s potential market at 750M$. I am expecting them to introduce some kind of viral marketing campaign, which might just be reduced to scanning your outlook contacts database and sending your coworkers a persuasive invite to go use the service.
$750 seems a bit steep… by at least a factor of 10.
the matter is if the valuation is right or not. if they can get 10% of the market, it’s ok. I question though the adoption of the product.
and who uses outlook anyway?
[...] course, he wrote the post because he is the CEO and founder of Tungle.com, a Montreal startup that received earlier this year $1.5m in funding, and whose technology relies on P2P to organize executives’s appointements and [...]
I’m just surprised to see that P2P is actually much more popular and advanced in asia, China I should say than in North America. Most Chinese use P2P tech to share the file online and watch online TV channels in much faster speed. If I didn’t take it wrong, Bittorrent is another use of P2P technology. If you have the interest, you can try one Chinese soft ware, which is called Sounder, a small plugin to speed your download at least 100 times. That really solves the problem of online video stuff, isn’t it?
ER SHEN - there is joost and veoh here for p2p tv.
about sharing files, the problem is that many ISPs, like Bell, use traffic shaping, to prevent its customers to use bittorrent too much
Leave a Reply