WebRTC opens up possibilities for millions of developers to
create new services that we can’t even imagine today. New players are rapidly forming new
ecosystems and transforming current ones, and we can’t yet say what will drive
success. Will it be new interactions? Or
new relationships? Have we learned any lessons so far? There don’t seem to be any definite answers,
so let’s start our discussions here.
With that, we introduce our first guest post from Kelly
Fitzsimmons. Kelly is a serial tech entrepreneur and co-founder of the Hypervoice Consortium. The consortium has
the mission of articulating and advancing standards, capabilities and potential
applications for Hypervoice, or the transformation of voice communications into
searchable and shareable native web objects.
You can follow Kelly on Twitter at @schnellerkeller
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Standards don’t create disruption. Innovators do. The ultimate value of WebRTC will emerge from
how well entrepreneurs and technologists put WebRTC into action. By dramatically lowering the barriers to
entry, what used to be hard will become easy.
The result will be throngs of new startups. So then what?
For telco players looking to partner with hot up-and-coming
startups, it is important to focus on the few, not the many. In essence, a telco partner needs to try and
spot the "winners" before they know they are winners. And in this way, a partner's role is not that
much different than a venture capitalist.
So the real question is, do any of the early WebRTC startups
have a discernible advantage?
1. Capitalization - Has the startup raised
capital during the downturn? The
ability to raise funds in the past – particularly during the Great Recession – indicates
that their leadership earned the trust of others and, most importantly, their
technology has gone through a modicum (if not a lot) of due diligence. This is
proof of some staying power.
2. Team – Does the startup team have
experience and expertise in navigating relationships with large strategic
partners in the past? Do they understand
how to navigating licensing, IP issues, channel? The more seasoned the team, the more likely a
successful outcome. If they don’t
understand their partner’s world, they are likely to be impatient, which can be
exhausting for all parties.
3. Revenue - Does the startup already have
revenue from real clients? If so, they
have moved past market discovery into market validation. This is a critical
step that many startups never make. This
step alone will help you significantly de-risk the partnership. If they don’t
have revenue now or likely ever, choose another partner.
With so many new entrants, telco has a rich playing field to
work from. These emerging companies
offer less nimble enterprises ways to innovate quickly and get new products to
market. Although acquisition may be one
tried and true route, early partnering is what many of these young entrants
really want. They want access to your
subscriber base and billing systems. For
these startups, revenue is king.
The advantage for telcos in partnering instead of early
acquisition is that it de-risks the deals. Do these startup partners really
walk the walk? Are your customers interested in their products? By partnering
early with a few startups, acquisition becomes easier on the backend. First concentrate on being the strategic and
essential partner. The more key you are
to their success, the better the ultimate terms.
By Kelly Fitzsimmons of the Hypervoice Consortium