OpenSky Pivot Gives it Momentum

From Business Insider (link below). The active quote: “so far, OpenSky’s pivot has worked wonders. 

OpenSky was founded in 2009 by John Caplan as an e-commerce arm for bloggers. Influential writers could create storefronts alongside their content, but it wasn’t a fruitful business model for OpenSky. “Last year we were dead in the water,” says Caplan. “We weren’t selling very much. When people are reading they aren’t buying things; they don’t have their credit cards in hand.”

Caplan decided to pivot his startup. OpenSky relaunched in April as a personalized shopping site. Now e-commerce isn’t secondary to content on OpenSky; it’s king.

The new OpenSky operates like Twitter. It works with 80 industry influencers and celebrities, like Martha Stewart, Bobby Flay and Alicia Silverstone, to create lists of their favorite items. Users can follow the influencers and buy the endorsed products. OpenSky holds all the inventory, ships items to users, and splits the profit 50/50 with influencers.

Caplan says none of OpenSky’s influencers are investors. They just really like the product. “It’s like Twitter but our merchandisers [the celebrities who pick the items OpenSky sells] are making tens of thousands of dollars every month from their followers,” says Caplan. Martha Stewart, for example, has 83,549 followers on OpenSky just waiting to buy a recommended rolling pin or mixing bowl.

So far, OpenSky’s pivot has worked wonders. In April, its first relaunch month, OpenSky generated about $66,000 in sales. Last month it generated well over $1.5 million. “Revenue has been increasing 50% month over month,” says Caplan.

Chrome Browser Momentum Rolls On

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The chart here, from Internet Explorer Still on Top, But Chrome Is Winning the Browser War on Mashable, shows that Chrome momentum is no surprise. It’s been steadily upwards all last year.

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We’re wondering if there isn’t a Mac-vs.-Windows subplot here as well, since Safari and Opera, both heavily Mac skewed, seem to be holding steady, while IE and Firefox, both strong on Windows, are taking the hit.

Animated Gif Win: Candlestick Power Outage is PERFECT

we’re going to start showing you just how hot animated gifs are when we start reposting stuff from the biggest start up nobody is talking about 9gag.com soon too :)

Twitter Momentum: Winning the News War over Facebook

the most interesting part of this graph is the very bottom part, where you see that in News searches twitter is basically right there with Facebook. 

reporters and the media are obsessed with twitter but struggle with facebook. its very difficult for a product that was all about closed private connections to become an open public means even if the technology change itself is trivial.

RIMM’s Market Cap is Still Above 7 Billion, but its Momentum Values it at 30 Million

We can’t imagine why anyone would be holding on to RIMM stock anymore. If you ask us, you’ll never see RIMM above 7 billion market cap again, and in the next 14 months it will delist and be sold for parts.

Azealia Banks is Going to be Bigger Than Beyonce

Gwenyth Paltrow, Mumford and Sons, the Cool List - Azealia’s break out moment just hit, and from the looks of it, she’s going to be a house hold name in 2012. Follow her @azealiabanks and later we’ll say remember when she had less then 10k followers…

Path Finds its Momentum Picking Up FAST

Path’s first launch didn’t really move any needles, but the relaunch has Path on fire. The new focus on moments that matter, and a beautiful interface has the influencers and tech blogs buzzing.

Seems Like Suddenly Everybody’s Big on Pinterest

How HOT is Quora? According to Andy Johns : Hansel hot (we agree)

The White House recently asked citizens to use Quora which was amazing and interesting. We asked Andy Johns aka @ibringtraffic who just left Twitter to head to Quora how hot the company is.

Stanford OUT: NYC Tech Start Up Scene Takes a Huge Momentum Hit

Just when the NYC Tech Start Up scene’s momentum was seeming impossibly hot and unstoppable, Stanford pulls out on a big many in NYC were starting to bank on. We’re admittedly very disappointed here @Mmntum