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Jotspot – Profile

October 15, 2004

jotspot_logo.gif
HQ: Palo Alto, CA
Founded: 2003
Management: Marquee name is the founder and CEO Joe Kraus, who previously founded Architext, which begat Excite, which Begat Excite@Home. Krause was alpha geek of 6 founders and served as President somewhere along the line.
Investors: Mayfield and Redpoint Ventures invested $5.2M in October 2004.
Business Model: Wiki ASP sold as a hosted software application, designed to enable small groups collaborating on a project to work together by using one shared space. JotSpot wiki documents are integrated with e-mail, real-time news feeds from the Web and wysiwyg editing and publishing tools. For those who need to ask – the wiki is the rebirth of groupware, made kewl by free, open-software versions rolled-out in the wee hours by IT-OPs.
Competitors: SocialText,OpenWiki, TWiki.
Dirt: At $5 p/mo p/head, the price is easy to take, particularly with added functionality not offered by freeware. Given that Socialtext claims to already be profitable, they have only themselves to blame if they can’t find their way out of the woods. Still, we don’t expect this to become the next Salesforce.com. The demand for Web-based CRM seems so much more obvious than for Web-based Wiki.

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