Identi.ca gets Funding to make Open-source Twitter

Posted by Rob Lewis

GigaOM`s Alistair Croll is reporting that Montreal’s Identi.ca’s has received an investment from the VCs at Montreal Start Up and plans to continue building their open-source alternative to Twitter. While the amount of the financing wasn’t disclosed, Montreal Start Up’s mandate is to initially invest $25-50K in very early stage ideas and then graduate those ideas to their FounderFuel investment program which make investments between $200K to $500K. Identi.ca’s investment would have likely fallen between those numbers.

A bigger question is why microblogging companies are getting any investment at all. If Twitter can’t find revenues with the vast majority of market share, why would an open-source version make money? Identi.ca founder and CEO Evan Prodromou says open source gives the company “commercialization options that Twitter doesn’t [have].” For example the company can charge a fee for public or private implementations, or be the basis for microblogs on other web sites.

Identi.ca has some other tricks up its sleeve, too. Their APIs are Twitter-compatible, so they should work with third-party features like search, hashtags and analytics. And it’s a federated model: You can run an identi.ca instance privately, or share messages with other identi.ca servers. That allows hybrid public/private deployments that may sit better with enterprise customers.

Identi.ca is a product of Montreal’s Contrôlez-Vous, Inc. (Control Yourself, Inc) and we reported on them back in July of 2008.

Company:
Montreal Start Up
Website:
http://www.montrealstartup.com
Location:
Montréal, Québec, Canada

We invest in entrepreneurial teams with big visions and global aspirations looking to establish companies in Montreal. We provide seed level financing, as well as strategic and operational input, in order to help them turn their ideas into successful companies. We are looking to invest in software-based businesses in the Internet, wireless and media spaces. Our team has a deep understanding of, and extensive... more

Company:
Identi.ca
Website:
http://Identi.ca
Location:
Montréal, Québec, Canada

Identi.ca is a microblogging service. Users post short (140 character) notices which are broadcast to their friends and fans using the Web, RSS, or instant messages. If you'd like to try it out, first register a new account. Then, on the public timeline, enter your message into the textbox at the top of the page, and click "Send". It will go out on the public timeline and to anyone who is subscribed to your... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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