Jigsaw Data Corp.
HQ: San Mateo, CA
Management: Jim Fowler is CEO and Co-founder. He comes from a sales background, as does Co-founder Garth Moulton.
Investors: Raised $750K in seed money in 2003, followed by $5.2 million Series B from El Dorado Ventures and Norwest Venture Partners.
Business Model: Online business contact marketplace where people buy, sell and trade business contact information. Members have option to pay $25 per month to join the service, or they can add 25 new contacts every month to maintain a subscription. Company claims to have over 200,000 contacts.
Competitors: Linked-In, Hoover’s, Dun & Bradstreet, infoUSA, Eliyon Technologies
Dirt: Interesting take on social networking – we like the fact that they’re coming out of the gates with a subscription-based model. However, this space is already crowded and the lead-generation business is dominated by huge, entrenched database vendors like infoUSA. If Jigsaw can play up the “community” angle, we believe its odds for success will improve. Still, how many professional/social networks does the world need?