Moonfruit Lounge

Joe White writes: As the web continues to evolve, smart businesses look to use its new features in ways that can help them expand, compete and remain profitable - even at a time when the economic outlook seems bleak. This is particularly true when the web gives us opportunities to make money.

When Moonfruit.com was created, its aim was to allow anyone - from individuals through to small business owners and beyond - to control, maintain and customise their online identities, without needing big budgets or technical expertise. Together with the proliferation of social media platforms, this created a more equal playing field for people vying for online exposure.

Since then, people's online priorities have progressed from controlling their presence to boosting their sales. Online platforms use a number of methods to focus on money-making: traditional ecommerce, where people can buy products or services online using electronic payment; ad-supported platforms, which offer a service or content funded by commercial advertising; and paywalls and micropayments, which allow sites to monetise individual units of content.

What's new in ecommerce?

So why has ecommerce been so important for smaller businesses with a mandate to grow? Since launching our ShopBuilder tool - which allows people to publish online shops across a number of platforms, including their own site, Facebook and mobile - we have seen some innovative ways to make money using ecommerce functions. Some of these go way beyond simply selling products for payment.

Our customer Yoga Bellies, a pre- and post-natal yoga class that takes place across the UK, has done something very interesting with ShopBuilder. Its online shop function collects customers' payments for classes that take place offline. Similarly, the King's College London Symphony Orchestra is using ShopBuilder to allow people to purchase concert tickets in advance of the event.

While this isn't new in itself (most people have purchased tickets for a concert or holiday online), Yoga Bellies and King's College are integrating ecommerce into real life without using the complex online registration or billing systems required by tour operators and ticket vendors. This is hugely significant for small businesses and micro-traders because it removes some of barriers that may have inhibited growth in the past: customers not carrying the right cash, for example, or not possessing a chequebook.

Ecommerce vs. social commerce

Social commerce is a concept that builds on ecommerce by adding interactivity and sharebility to the traditional buy/sell structure. A number of studies have shown that people trust the recommendations made by their family and friends online more than they trust other types of promotion. It makes sense: Why would you trust an advert or even a third-party endorsement when you can access unbiased advice from the people you know in real life?

Facebook is a particularly fertile platform for social commerce not only because it has so many users, but also because ecommerce functions have started to be integrated with company pages. It's powerful because it allows people to buy within their own network without needing to visit other websites - and because they can engage with the brand in ways their friends and network can see. This process introduces a viral effect into the selling chain, and enables smaller businesses to grow organically using popular platforms such as Facebook.

We originally launched ShopBuilder to allow site owners to set up shop wherever their customers wanted to buy, and to fill a gap in the ecommerce market. So it's interesting to see that our users are most excited about one specific ShopBuilder feature, and that's Facebook integration! Thousands of our shops are already using this feature to publish their whole product catalogue into the social network to allow buying and selling inside Facebook itself. It will be even more interesting to see how they innovate with social and ecommerce in the future.

See the original article here

Joe White is COO of Moonfruit.com. He wrote the blog (below) for Reuters' The Great Debate UK series.

All this week Seedcamp, a UK-based internet startup accelerator, has been running its headline annual event Seedcamp Week in London.

As an accelerator, Seedcamp has mimicked a successful process established in the U.S. by Y Combinator, Techstars and others of taking early stage internet entrepreneurs and running them through an intense programme of mentoring and business development. Mentors are laid on from different disciplines and work with the entrepreneurs each day. They cover founders, product experts, venture capitalists, marketing specialists and more. The best ideas at the end of the programme get funding to get started. Seedcamp Week brings the best of the best from the Seedcamps throughout the year and around the world for a final London mentor and pitch feast.

Seedcamp has grown its fund to €5m this year and made some other announcements to bolster its success. There’s no doubt that a tie-up with Dave McClures’s 500 Startups will boost Seedcamp’s profile (disclosure: Dave McClure is also a Moonfruit investor).

But there are two questions that have plagued internet tech financing in recent months: Can Europe produce internet companies that rival their U.S. cousins in terms of success and influence? And are we in a tech bubble?

Let’s deal with Europe first. Seedcamp Week ends today – start-ups this time ranged from grabcad.com and farmeron.com, bringing the internet to engineers and farmers, to compilr.com and transferwise.com hoping to disrupt the software compiling and foreign exchange transfer markets respectively.

In my mind, for the UK to really produce world beaters with $1bn plus valuations, we need to have start-ups that play to our strengths. The UK and London in particular have strong industries in finance, design, music, and the marketing and creative industries. Some of these talent pools should help a great deal in the 2.0 world of slick UI and simplified design. NYC has done well to distinguish itself from the Valley based on a similar city profile to London, with companies like tumblr, foursquare and etsy.

Mint.com (started in 2006 in the US and acquired for $170m in 2009) was complimented for being a design-led site that happened to sell personal finance software. Wonga.com, which provides short term loans, is a UK champion in this ilk. It has similarly great, simplified design, is based in financial services, and with £73m revenues in 2010 and strong growth a high value IPO may be on the cards. Also in this vein is betfair.com, sourced from our national love of gambling, and zopa.com, providing peer-to-peer lending, sourced from the UK’s love of fairness and new found suspicion of banks. Successes like moo.com, last.fm and spotify.com show the influence of the design and music industries.

And now to the bubble. There’s been a lot of talk of tech bubbles, Angel bubbles and accelerator bubbles. Marc Andreessen says we’re not in a bubble and public tech multiples are too low, while Steve Blank says we are in a bubble, particularly at the Angel end which is playing out “by the book”.

The first Internet bubble took a long time to build, from the Netscape IPO in 1995 to the Nasdaq peak in March 2000 and subsequent crash. The U.S. was buzzing for a few years before the money, buzz and funding started to flow and build in Europe. New players piled in and more money chased fewer opportunities. Investors went further afield to chase them.

Moonfruit and I lived through that crash. We took VC funding in January 2000, and launched our business. We had no idea how close to the crash we were, and I don’t think we appreciated how long the boom had already been going when we joined the party. We have a post-crash happy ending, but this is not common. More and more of the U.S. VCs closed their European funds after the crash and many have not come back.

So what does that mean for Seedcamp and 500 Startups? Is this tie-up a sign that Europe is heating up? Is too much money chasing too few opportunities in the Valley? Too many accelerators? Are we beginning the last hurrah? I hope not.

As Mike Butcher from Techcrunch said in a recent interview, Seedcamp’s example spawning more accelerators in Europe could be a case of “a rising tide lifting all boats”. But even if the tide goes out those funds will have been injected into the economy and we’ll be left with more experience and knowledge.

For the original article, click here.

Wendy Tan White is the founder and CEO of Moonfruit

Once your business has the proof points to make it a success, an injection of capital may be required to help it scale. At this early stage, it’s much more common to get it from high net worth individuals who have made money as entrepreneurs (angel investors) and who are willing to take more of a risk. They offset this with the belief they can make a difference using their experience. Alternatively you can apply to modern seed funds like Seedcamp, Hackfwd, Ycombinator and 500startups. They use an ecosystem of experienced entrepreneurs to mentor their investees.

Why would you take angel investment or seed fund over a bank loan or a VC fund? Because real entrepreneurial experience is invaluable. If you’re growing a tech business, you’ll ideally be able to find an entrepreneur who understands this sector. In the USA, a strong culture of entrepreneurialism has meant that many people who have built and sold tech businesses have re-invested in other young companies. This ecosystem is not as mature in Europe but is definitely improving.

I saw this illustrated at the Dublin Founders Summit last year, which included the founders of Twitter, Skype, and YouTube. MicroVC Dave McClure, founding partner of 500startups.com, who is now an investor in Moonfruit, asked the European investors and entrepreneurs in the audience to raise their hands if they had bought an expensive car. He then asked them to keep their hands up if they’d invested money into a start-up or seed fund. Out of at least 25 hands, only three stayed up.

12 months on there are several new seed funds in Europe, including Passion Capital and Springboard. Things will continue to improve as more European entrepreneurs exit. To take advantage of this, you need to pick an angel in the UK with experience in the sectors relevant to you. Choosing the right one is vital. So how do you identify the right investor? And how can you persuade them to work with you?

One of the best places to start is to look at other companies that you consider to be related to yours, and find out who their investors are. You’re more likely to secure capital from someone who understands your market, and they are more likely to be valuable to you.

To then get your business in front of your chosen angel, you need to be very well prepared and also willing to go that extra mile. Angels are often incredibly time pressed and it can be difficult to get a meeting with them. If you know someone in common, ask them for an introduction: they are much more likely to take a meeting through a recommendation. You may have to really go out of your way to meet them. I know of one start-up that flew from London and gate-crashed the Dublin Summit for a ten minute meeting with an angel.

It’s a fine line between perseverance and stalking someone, but if negotiated well, it’ll be worth the effort to get the right combination of capital and experience into your company.

This article recently appeared in Growing Business. To see the original article, click here.

If you liked this you may also like:-

• A bubble with substance
• The rise of women entrepreneurs
• Simon Duffy: "There's nothing like the early stages of a new business"

The following article appeared on the Webuser blog recently in a group test of online website builders. Moonfruit received the Gold Award but we were also pleased to see that our partners came 2nd and 4th.

The full article in pdf format can be found here Moonfruit_Web_User_review_Aug_2011121.pdf while the review of Moonfruit is reproduced below:

Moonfruit ❘ ★★★★★

If you’re looking for a simple way to put together a website that looks like it’s been designed by a professional, Moonfruit leads the way. Its attractive website isn’t just a shallow bid to get you interested, but a genuine indication of the kind of site you’ll be able to create.

Considering the calibre of website it aims to produce, Moonfruit is amazingly easy to get started with. To begin the 15-day free trial, just register a username, email address, and a password. Click one of the eye-catching templates (there are 100, and every one of them looks great) and your website appears in front of your eyes, ready and waiting for your content. Click a text box to enter new text, or click an image to change it.

There are some elements, however, that you can’t immediately change. Moonfruit uses a master page, which acts as the base layer of your website. This holds the elements that appear on every page, such as the title and navigation. It’s a neat system, once you get your head around it, since it ensures key elements are identical on every page. This makes your website look coherent and well-designed.

The basic package costs £4 per month, for which you get 500MB of storage for a single website. The number of pages is unlimited, and you get 10GB per month of bandwidth. This is actually not a huge amount of space, but it ought to be enough to hold a modest website with plenty of content, and you won’t be restricted by the page count.

If you double your payments to £8 per month, you can have a domain, PayPal integration, twice the storage and bandwidth, and the ability to create five websites. If you’re feeling really ambitious, there are also £15- and £35-per-month packages available. The first offers 2.5GB of storage, 15 websites and unlimited bandwidth, while the ‘full-throttle’ package gets you 5GB of storage and a whopping 50 websites.

Verdict: Moonfruit has led the pack in offering attractively designed websites that are easy to set up. This latest incarnation is no different, and offers a collection of gorgeous templates to choose from and a good smattering of features to play around with. The site is split into two layers, so you can’t muck up the overall design by changing things on your various pages. If you find that adapting the templates is a bit tricky, there are blank ones available that let you start from scratch.

Price: From £4

Features: ★★★★★

Performance: ★★★★★

Ease of use: ★★★★

Value for money ★★★★

Overall ★★★★★

For the original Webuser page, please click here

Moonfruit's Wendy Tan White on losing it all, getting it back, and buying £795 Louboutins.