Startup Roundup: Venmo public and proud at Mobile Monday, LTL gets Garbage Pail Kids, RedLasso will beat us up

Introducing Technically Philly’s Startup Roundup. Here, we’ll parse out the small pieces that make our greater Startup ecosystem thrive. We want to keep you in touch with the innovations that we can’t quite get to covering, but that deserve highlight. If you’ve got news to share, get in touch. Several of the tips in this week’s roundups resulted from a quick email to TP. Without further ado….

DEFINITE READS

Venmo, a young mobile payment startup based in University City received top honors at Mobile Monday Demo Night, after attendees used the service during a five-minute presentation to donate to a Haiti relief organization. Six-hundred dollars were donated in three minutes, adding to the $15,000 that Venmo says it has already raised for the disaster. It will be interesting to watch how Venmo continues to grow, considering XIPWIRE’s competitive platform and business model, also based in the region.

PlaySay, a mobile language-learning flash-card platform was awarded third place at Demo Night. In an email to Technically Philly, founder Ryan Meinzer says the organization has grown to more than 4,000 users. We’re not sure at the moment how that compares to our report that the company had sold 3,000 products by July of last year.

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Friday Q&A: RedLasso CEO McGowan and President O’Kane

Last year, to the dismay of bloggers everywhere, the popular RedLasso video sharing service—which allowed users to search, customize, and embed video clips from national networks—was forced to shut down after Fox and NBC filed suit against the company.

On Monday, the Center City-based company announced that it had reached a licensing agreement with Fox Television Studios allowing users of the online video sharing platform to syndicate online customized clips from 27 of Fox’s regional television stations.

Technically Philly sat down with RedLasso CEO Al McGowan and President Kevin O’Kane Thursday evening to discuss how the deal went down, where they’re looking for funding, and what Philly entrepreneur Pat Croce has to do with the video sharing company.

Transcript of interview was edited for length and clarity.

Explain what’s been happening with RedLasso and the recent licensing deal

Al McGowan: When Kevin and I got together a few years ago, we said look, ‘This marketplace is changing. The way people are consuming media is changing. Let’s work with our friends in the media and figure out a way to help solve that problem for them.’ Kevin found some technology and put it on top of media, which allowed them to digitize it and extend the life of that content, especially on the news and information side.

Broadcast goes out on the air and right into the garbage can. Why not capture and digitize it and let it have another life on different platforms, like mobile and the Web. So we designed a platform that allows extending the life of that content to keep monetizing it. That’s the whole basis of RedLasso.

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RedLasso announces licensing deal with Fox, service to return in April

RedLasso, the popular online television video sharing platform forced to close its service last year pending copyright infringement litigation with several major television networks, has been given a major lifeline.

From one of the litigators—Fox Television Stations—nonetheless.

King of Prussia-based RedLasso has entered into an agreement with FTS that will give users of the video service the ability to syndicate licensed content from 27 of Fox’s regional television news programs, according to a press release from both companies.

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