||This article appears to be written like an advertisement. (February 2014)|
|Industry||Mobile GPS application development|
|Key people||Walt Doyle, CEO, David Chang COO|
Where, Inc. was a location-based media company in North America. Their main products were the WHERE consumer application and WHERE Ads, a hyper-local ad network that connected merchants with local audiences. PayPal, a subsidiary of eBay, announced its acquisition of Where, Inc. in 2011 for $135 million.
Where, Inc. was founded in 2004 under the name uLocate Communications, Inc. by partners, Geoff Palmer, Frank Schroth, and Alan Phillips. uLocate spent its early days creating family tracking services as well as building location based applications for companies such as MapQuest and Helio. In March 2007, WHERE launched as a location-based mobile service. The goal of WHERE is to provide local search content that helps consumers save time and money.
WHERE provides hyper-local information and user generated content about weather, news, movies, restaurant and business reviews, cheap gas, coupons and offers, traffic, etc. Brands such as Starbucks, Yellow Pages and Zipcar use WHERE to reach local audiences by providing data for various features within WHERE. For example, a Starbucks feature lets users search for and find directions to the Starbucks nearest their current location. WHERE also includes features that allow people to review locations and keep lists of places they’ve been and places they want to go.
In 2010, the company grew to over 50 people, moving into larger facilities in Boston. During this year, it launched the Placebook feature, which enables consumers to store lists of places from their mobile devices or from Where.com. Facebook contested the Placebook name due to its last syllable of "book".
The company was venture-backed by Kodiak Venture Partners, Grand Banks Capital and Venrock and based in Boston. Prior to its acquisition by eBay in 2011, several industry experts sat on its board including Craig Forman.
The consumer site Where.com launched in March 2010. The Website is a local search and recommendation portal that allows people to find local events, read reviews and other business information, and write their own reviews. On Where.com, people can also create their own user accounts or use their current WHERE mobile application account information to build a personal profile. Personal profiles allow people to store lists of places they’ve been to, places they want to go to and places they’ve reviewed. Where.com syncs with the mobile WHERE.
WHERE Ads is a hyper-local ad network that localizes traditional advertising techniques with improved performance for better results. Ads engage consumers through location relevance, design optimizing, and delivery format flexibility. As of January 2011, WHERE Ads is the 6th largest mobile ad network in the United States.
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In May 2012, WHERE Ads became PayPal Media Network (PPMN), with multi-media solutions that increase awareness for retailers, manufacturers, and restaurants and drive consumer transactions. As one of the major location-targeted mobile advertising networks, they believe that location is one of the most relevant targeting parameters available for advertising on a mobile device and helping drive consumers to engage with brands online and offline.
The firm possesses several patents including one for geo-fencing location technology and one for auto-snap location technology.
WHERE is available in North America and can be downloaded for a monthly fee from the Android Market, BlackBerry App World, iOS App Store, and Palm App Catalog. WHERE is also available from the AT&T MEdia Mall, T-Mobile web2go, and VZW V Cast Apps.
PayPal acquired Where.com in 2011. At the time, the management consisted of the following: Walt Doyle, CEO http://www.linkedin.com/pub/walt-doyle/0/37/79b Jerry King, COO http://www.linkedin.com/in/jerryking99 Ivan Mitrovic, CTO http://www.linkedin.com/pub/ivan-mitrovic/1/b66/537 Mok Oh, Chief Innovation Officer http://www.linkedin.com/in/mokoh David Chang, VP, Product http://www.linkedin.com/in/davidschang Dan Gilmartin, VP, Marketing http://www.linkedin.com/in/dangilmartin Josh Summers, VP, Ad Ops http://www.linkedin.com/pub/joshua-summers/0/a5/937 Nataly Kogan, VP Consumer Experience http://www.linkedin.com/pub/nataly-kogan/0/18/924 Ron Braunfeld, VP of Business Development Doug Hurd, VP of Business Development, Carrier & OEM Niall Hawkins, VP of Finance Arik Keller, Senior Director, Merchant Services
In the mobile industry, there have been several notable acquisitions of Boston-based startups by larger technology companies:
- VeriSign's acquisition of m-Qube for $250M in 2006
- AOL's acquisition of Third Screen Media for $107M in 2007
- Nokia's acquisition of Enpocket in 2007
- Apple's acquisition of Quattro Wireless for $275M in 2010
- Millennial Media's acquisition of Jumptap for $225M in 2013
Unlike the above, WHERE continued to grow its Boston-based presence after its acquisition. In January 2012, PayPal President Scott Thompson, local executives Walt Doyle, and David Chang met with Massachusetts Governor Deval Patrick to discuss an expansion of California-based PayPal into Boston. After exploring nearly a dozen potential new office sites in Boston, PayPal selected One International Place as its new location for its Boston headquarters.
The Start Tank is an incubator hosted by PayPal in Boston and offers free co-working space for early-stage startups. With over 20 startups, representing over 80 people, it is unique in its size—one of the largest facilities in Massachusetts that has been dedicated to startups by a corporate entity.
There are several similar efforts at eBay including Friends of eBay in New York and PayPal Startup Blueprint, and PayPal incubator in Chennai. These are part of a broader growing trend of incubators and accelerators sponsored by corporate entities and technology companies.
The Start Tank was officially unveiled during the PayPal Boston launch event with Boston Mayor Thomas Menino and Secretary Greg Bialecki in February 2013. The first class of startups consisted of 15 companies based in the Boston area. The second class started in September 2013 and consisted of 22 startups. A number of these startups gained market traction, raised funds of their own, and soon graduated from the program. The Start Tank gained greater visibility in the Boston area, and by time the third class moved in during March 2014, the program become more selective, accepting only 14 out of 80 applications. It was later named as one of Boston Globe's Game Changers.
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- Dwyer, Sam. "One Year After Acquisition WHERE Ads Rebrands as PayPal Media Network". BostInno. Retrieved 1 May 2012.
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- Turner, Nick & Frier, Sarah (14 August 2013). "Millennial Media Will Acquire Jumptap for About $225 Million". Bloomberg.
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- "PayPal to host incubation centre in Chennai". The Hindu. 12 November 2013.
- "Companies setting aside space for startups". Boston Globe. 2 March 2014.
- Farrell, Michael (28 February 2013). "PayPal setting up shop in Boston". The Boston Globe.
- Moore, Galen (26 July 2013). "Eight Boston startups you probably haven't heard of – but PayPal has". Boston Business Journal.
- Moore, Galen (15 October 2013). "Four things to know about PayPal's Boston office". Boston Business Journal.
- Keohane, Dennis (25 September 2013). "David Chang and PayPal Boston Pay it Forward with Start Tank". VentureFizz.
- Bernard, Gillis (29 January 2014). "8 Companies Outgrowing PayPal's StartTank". BostInno.
- Kirsner, Scott (28 February 2014). "14 startups that just nabbed free space at PayPal’s Start Tank". Boston Globe.
- Keohane, Dennis. "Where big ideas are hatched: Incubators and accelerators". Boston Globe.
- Official website
- PayPal Start Tank
- iPhone App Store featuring WHERE
- Blackberry Application Store featuring WHERE