Recognizing Munjal’s Like.com
Like.com is amazing. I have to give serious props to the Riya team for creating such an excellent product that can be so helpful to many people, and has the business opportunities that has to have so many business development people envious that they aren’t working at Riya. Congratulations.
Why didn’t I respond sooner to Munjal? Munjal, the Riya CEO, commented on shmula a while ago, mentioning a soon-to-be released 2nd product. Here’s his comment:
October 4, 2006 @ 4:00 pm
Peter,
Riya is getting ready to release it’s 2nd product. Competely different than the first but still based upon computer vision technologies. I would love for you to be an early alpha tester. It seems clear from the methodology above that you are thought about testing AI systems. Email me if you can help us out.
Thanks
Munjal Shah
CEO Riya
In Munjal’s comment, he forershadowed the eventual release of Like.com; I should have responded sooner; I could’ve have gotten an early glimpse of Like.com prior to the release.
The Persona of a Shopper
Several weeks ago, I interviewed Kaboodle, wherein we discussed their revenue model and the general demographics and ethnography of a shopper. Roughly, 80% of shopping is the activity of “search” and the remaining portion is the actual activity of “purchasing”. Kaboodle allows you to “search” disparate sites, but save them to one location.
On the other hand, Like.com allows you to search items that celebrities are wearing and locates for you where those items can be bought; the “purchase” activity happens when the item is located and Like.com looks like it has partnerships with sites such as Amazon and others. I’m guessing that a major part of Like.com is the revenue share that happens at the moment of puchasing the similar item worned by a celebrity.
Given this, I seriously see no end in sight for business development opportunities for Like.com; what a great model, enabled by a much easier-than-bookmarking and a much easier-than-google search activity. Fascinating. Nice job, Riya.com, Like.com, and the Munjal Shah team.
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Peter,
Still interesting in helping us test?
Munjal