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Myndnet

Product Name

Information Marketplace

Market Segment

Consumer Software and Services

Funding

Series A, April 2007: Venture funding from Artiman Ventures, $1.75 million.

Competitors

LinkedIn, Zoominfo, Spoke, Spock, Jigsaw, Yahoo! Answers

Product Description

Myndnet is an information marketplace that uses the knowledge of its community members to answer questions posed by businesses. Businesses ask questions, set a price, members answer and get paid for their accurate information. The Myndnet marketplace technology gathers targeted information, tracks collective knowledge, then validates, cross-references and mines the data. All profiling information submitted is confidential. The result is a new information resource, invaluable to business seeking answers.

Market Opportunity

Commercial list rental and lead generation for marketing is a $10.3 billion market.

Demo Says

Myndnet adds to the power and efficiency of social networking the benefits of referral marketing. The Myndnet Information Marketplace essentially does for targeted leads what AdWords did for online advertising. It creates an effective, self-serve platform to identify and deliver target customers, and does so in a model that allows referrers to benefit by carefully sharing their networks.