Funding is split across individuals such as Juan Villalonga and VC companies such as Banexi Ventures and Berggruen Holdings.
Competitors
No direct competitors; secondary competitors Social Networks: Facebook, MySpace; Contact Solutions: Plaxo, LinkedIn, Xing; White/Yellow/Grey Pages: Yell.com, 311.com; Search engines: Google, Yahoo!, MSN; Smart Address Books: UNYK; Blogging Tools: Blogger, Twitter; static PC-based and Phone-based contact directories; websites
Product Description
By combining an innovative use of the existing internet infrastructure with a new purpose for domain names, .tel will deliver a global, live contacts directory for individuals and businesses, accessible from any device, bypassing the need for websites. .tel owners will be able to take control of how people interact with them, under a domain that they own, and .tel users will be able to discover contact information quickly, easily and cheaply.
Market Opportunity
Telnic is addressing a new market it calls interaction management. This market is born from increased complexity in managing fragmented communications and the emerging conversation economy driven by word of mouth marketing. According to McKinsey & Company, 76% of all purchase decisions are now impacted by word of mouth.
DEMO Says
Telnic has the potential to fundamentally change the way we think about domains. Approved by ICANN for top-level-domain status in 2006, .tel doesn’t actually host Websites, but directly links domain names with contact information stored in the DNS. It can be used by anyone to store, secure and globally publish contact information in one place under one name, accessible from any device. Besides the obvious convenience of a chrisshipley.tel address, think of the value of sprint.tel or comcast.tel or thousands of other brands. To be honest, we’re not quite sure of the direction .tel could take. And that’s the most exciting part of all.