VentureNotes: DAIO and Pearescope score
By Milt Capps
BEN STUCKI'S DAIO (chartered as Reflex Software Inc.) now has three undisclosed Angel investors, a termsheet and plans to close an initial $250K investment that is likely to be extended to $400K, Stucki told VNC. He already has in mind the developer he's likely to hire, with part of the proceeds. The 30-year-old native Middle Tennessean, says his DAIO technology "empowers designers to create prototype apps that they can test on real phones and tablets." Though there are millions of potential customers worldwide, DAIO is initially targeting more than 100,000 pro's who have already produced mobile apps. The DAIO output is shareable with peers and customers. For simple apps, DAIO may be the only development tool needed; for more complex applications, DAIO "will get you 80 percent there," thereby letting developers breathe life into their prototypes. Stucki was previously founder of Digital Analog, through which he created rich-Internet applications; and, he was a developer for information visualization, mapping analysis and reporting systems as part of the SpatialKey team. Earlier, he was a software engineer, app developer and data analyst with Atellis, Servpro and Dell, according to Linkedin.
PEARESCOPE bills itself as "a next generation mobile networking service that introduces members to mutual friends and acquaintances whenever and wherever they want." Co-founder Whit Schrader adds little more on YouTube. According to info online, a patent application covers "A social network alert system for automatically identifying users with compatible interests has been developed. The system includes a subscriber with identified demographic information that is stored on a mobile electronic device. A server connects wirelessly with the subscriber and receives the demographic information and geographic location. The server then identifies other subscribers with compatible demographic information and sends an automatic notice of the location of the others to the first subscriber." As previously reported by VNC, local Angel Crom Carmichael is an investor in Pearescope and has apparently taken a bigger bite, along with Angel Capital Group (Rachael Qualls) and co-founders Whit Schrader and Evan Walther, whose Linkedin's show them residing in New York City. Their Jan. 11 SEC filing showed them raising $265,000. Nashville-based Pearescope was earlier known as Schrader Labs. VNC