DocDep releases SmartCap, free capitalization table management service

DocDep, a Center City-based software as a service (Saas) development firm, released its newest service, SmartCap, a free, cloud-based capitalization table management service for venture capital and private equity firms, as well as startups, last week.

Cap tables are the industry standard for managing the intricacies of equity ownership. And we’ve seen other recent local efforts to offer an online service that serves that role, even if for a different audience.

“DocDep can afford to do this as we have a number of apps that we do charge subscription fees for, ranging from $600 a year to $50,000 per year,” said DocDep Director of Marketing and Business Development Rebecca Holloway. “SmartCap is our gift to the community, and we hope that startup firms, as well as VC and PE firms use our product.”

Of course, DocDep hopes that once a company gets used to SmartCap, it will use some of the related services it does charge for.

“Smart Cap is part of a larger suite of products from DocDep and directly integrates with companion applications,” Holloway said.

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Shop Talk: Vuzit grows up

A little more than a year after graduating from DreamIt Ventures, document sharing site Vuzit is growing up.

“It’s feeling less and less like a startup everyday,” says CTO Chris Cera.

The company has hired its first non-founder employee, a sales person to help expand sales, and has recently released the 3.0 version of its DocuPub Platform. As a result, the company is having to rapidly add and plan features while trying to keep its service humming along smoothly.

After the jump we take a look at what makes Vuzit tick, some new features of 3.0 and the super secret deal Vuzit has up its sleeve.
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Shop Talk: StarCite’s web-based event planning software is all about SaaS

The Chief Financial Officer of purchasing at any large company can easily pull up a budget and see how much money is being spent on telephones, computers and office furniture.

But meetings and conferences are a hidden expense category: their budgets are often hidden away within departments and divisions with no way to see spending at an executive level.

That’s foolish. At least, it seems so after a chat with Center City-based StarCite Inc. Vice President Kevin Young.

“Instead of spending $10 million at different hotels, corporate event planners could go to Marriot directly and say ‘Let’s talk about better rates. What can you do for us?,’” he says.

If planners had a way to see spending, that is.

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