15 companies that will change the world
These game-changing startups are likely to upend existing industries - and spawn new entrepreneurial opportunities.
By Erick Schonfeld and
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, Business 2.0 Magazine
Chandratillake wants Blinkx to become the Google of Web video by placing contextual ads inside clips.
Blinkx
CEO: Suranga Chandratillake
Disruption: Web video search and ad insertion
Disrupted: Search engines and the TV ad business
The
fastest growing segment of Internet advertising is video, and Blinkx's
video search engine aims to capitalize on the trend. Blinkx indexes
more than 14 million hours of video available on the Web, using
software that turns speech into text and counts how many times a given
word pops up in a video. That allows the company to target ads to video
content, putting it a step ahead of big challengers like Google and
Yahoo.
Schuler wants Raydiance lasers to replace standard cutting tools in every industry, from lumberyards to aerospace factories.
Raydiance
CEO: Barry Schuler
Disruption: Lasers that cut without heating surrounding material
Disrupted: The entire laser industry -- medicine, aerospace, and beyond
Raydiance's
ultrashort pulse laser is more accurate than the standard fare in the
industry, and when properly tuned, it can blast away at anything from a
hunk of steel to a single cancer cell. Though researchers have been
using USP lasers since 1989, they've been unmanageably large and
notoriously difficult to operate - but Raydiance has managed to shrink
its product down to the size of a microwave. |
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Expensr's Child and Gupta figure that a free financial Web app - and some social smarts - can save you a lot of money.
Expensr
CEO: Reman Child and Shawn Gupta (founders)
Disruption: Simple, straightforward financial planning
Disrupted: Today, makers of personal finance software. Tomorrow, the credit industry
Combine
the utility of software like Quicken with the social power of Web 2.0,
and you have Expensr - a free online service that tracks your budget
and spending habits, then shows you how you're doing compared to your
peers. "That's the idea behind the social network," says co-founder
Shawn Gupta, "to help you do better by making you aware of what other
people like you are doing." |
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Zipcar's Griffith is turning self-serve auto rental into a viable alternative to car ownership.
Zipcar
CEO: Scott Griffith
Disruption: Self-serve hourly car rental in urban neighborhoods
Disrupted: Car dealers and traditional rental agencies
There
are no service clerks, no paper contracts, no lines. With Zipcar, you
pay a $50 annual membership, then go online to see what cars are
available near you. When you get to the car, swipe your wireless ID
card to get in, and the keys are inside. You pay a usage fee that runs
$8 to $15 per hour. Zipcar is profitable in cities where it has been
operating more than two years, including Boston, New York, San
Francisco and Washington, D.C., and it's ahead of competitors like
Flexcar and City CarShare.
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CEO Free is excited about a patent MFG.com filed earlier this year for predicting the prices of manufactured parts.
MFG.com
CEO: Mitch Free
Disruption: An online exchange for the manufacturing industry
Disrupted: Manufacturers' reps, parts brokers, and trading houses
MFG.com
is rapidly becoming the eBay of manufacturing. In the past 12 months,
$2 billion worth of gears, molds and machined parts were sourced and
traded on the site. To participate, sellers pay an annual fee of $6,000
on average, and buyers pay nothing. Buyers describe the part they want
and submit digital renderings, and industrial suppliers bid for the
business. The site is on track to make $25 million in revenue, and book
its first profit, this year.
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With Virgin's online reservation system, Duffy aims to make booking a charter jet as easy as flying commercial.
Virgin Charter
CEO: Scott Duffy
Disruption: Online reservations for the budding air-taxi business
Disrupted: Commercial airlines
Air
taxis - tiny, short-hop planes that are so affordable that business
fliers can charter them whenever they want - are taking off. Virgin
Charter, majority-owned by Richard Branson, aims to be the Expedia for
this new market. By creating a portal that connects travelers to
charter operators, most of whom are mom-and-pop shops, the company
plans to bring more revenue into the industry, reduce the cost of
operating air charter services, and waste less jet fuel. F |
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Ben Heywood helps patients help themselves by connecting them to each other.
PatientsLikeMe
CEO: Ben Heywood (President)
Disruption: An online community where patients discuss and track medical conditions
Disrupted: The health-care industry, medical research
There's
plenty of basic data about diseases on the Internet, but there are few
central repositories for firsthand accounts about what living with
those diseases was like. PatientsLikeMe consolidates such personal
accounts and helps patients track their progress. The deep and engaged
community has only a few thousand members, but is already a boon to
medical researchers; access to such communities of patients is a fast
bypass around restrictive privacy rules. |
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Bloom Energy
CEO: K.R. Sridhar
Disruption: Energy generators in homes and businesses
Disrupted: Electric utilities
The
company's vision is to use solid-oxide fuel cells to allow homes to
generate their own electricity. The fuel cells would use (but not burn)
hydrocarbon fuel, and produce just half the carbon dioxide that today's
power plants do. One fuel cell should be enough to serve a home; homes
could sell excess power back to the grid. Bloom Energy's biggest hurdle
is cost. It needs to get the price of its machines below $10,000
apiece. |
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Vanu Bose wants to break down communications barriers.
Vanu
CEO: Vanu Bose
Disruption: Software that allows mobile networks to accommodate devices with different standards
Disrupted: Wireless network providers and equipment makers
As
any frustrated U.S. cell phone switcher knows, one carrier's phones
often won't work on another carrier's network. That's because some use
different wireless standards - the two dominant ones are GSM and CDMA.
Vanu Bose, son of the audio equipment inventor, is selling equipment
that could change all that. Vanu's software-defined radio uses Linux
servers to help tear down the communication barriers.
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Caswell is taking the ink out of color printing, making mobile prints a snap for cameras and cell phones.
Zink
CEO: Wendy Caswell
Disruption: Inkless printing
Disrupted: Desktop printers, ink cartridge resellers, and photo services
Hate
dealing with empty printer cartridges? You're the customer Zink is
after. The Polaroid spinoff's special paper is embedded with dye
crystals, so it can create color photos without the ink. As a result,
its printers can be small enough to fit in your pocket. This holiday
season, Zink's partners will begin selling the printers, including one
that will be embedded in a digital camera. |
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David Vieau is betting that the popularity of hybrid vehicles will help charge sales of A123's lithium-ion batteries.
A123 Systems
The leading battery technology - lithium-ion - has not changed in a
decade. A123 holds patents for smaller, lighter lithium-ions with
significantly longer lives. A123 batteries are installed in hybrid
buses worldwide and will enter consumer hybrids in 2010. |
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Renewable Energy Group
Biodiesel delivers around 50 percent more miles per gallon than
ethanol. REG, an offshoot of an Iowa farm co-op, makes biodiesel from
soybeans. It has 40 percent of the market and a distribution deal with
Safeway. |
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At $5,000, Desktop Factory's 3-D printer can undercut the competition.
Desktop Factory
The cost of rapid prototyping machines is already plummeting. Now San
Francisco startup Desktop Factory is set to bring out a $5,000 3-D
printer, undercutting competitors by 75 percent. |
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Light-emitting diodes manufactured by Cree are more energy-efficient.
Cree
Sure, compact fluorescent lightbulbs are energy savers, but they also
contain mercury. Cree is the leading maker of light-emitting diodes,
which are less hazardous and even more energy-efficient. Toronto and
Raleigh, N.C., are already installing Cree LEDs in streetlamps and
parking garages. |
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Negroponte's new $176 laptops can provide connectivity to the Third World, and can also disrupt the industry.
One laptop per child
It isn't just Third World kids who will benefit now that Nicholas
Negroponte's venture is producing its $176 laptops. The machine's
innovations, such as Wi-Fi mesh networks and a power system that
consumes 90 percent less electricity than standard laptops, could
affect the rest of the industry. |
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