Startup Standouts – Cloud Cannon & Common Ledger
As an investor there’s nothing to stop you from keeping an eye on some of the bright young things coming through. Of nine startups that pitched at Wellington’s Lightening Lab Demo Day, two really stood out reports Yahoo NZ’s business desk.
Common Ledger. The startup has developed a platform letting accountants integrate different accounting software. That might make your eyes glass-over, but if you’re a small business owner, it means you can run your old MYOB accounts in your accountant’s flash new Xero system, without having to copy and paste.
They were looking to raise $550,000 and had attracted half of that in commitments before pitching, which would go to completing a major deal with one of the big four accounting firms, and help pay for their sales and distribution.
Cloud Cannon. These two youngsters have a startup which has developed a platform to make it easier for freelance web developers to create and host websites.
If you don’t hang around any web or design geeks, you probably won’t know the frustration they typically go through to send and upload their final design for a customer. Essentially it’s eight hours of pain-staking graft at the end of what’s already been an arduous process.
Cloud Cannon’s idea was to use Dropbox to cut that time to seconds, in what becomes a drag and drop process.
It’s a simple idea, but also one that would win over the scores of freelance web designers out there if they can get their product down-pat.
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