Lyro Speaks Back: Update~ $350K Virtual Investment ‘Restatement’
Posted by Andrew | Posted in Startups | Posted on
Tags: $350K Virtual Investment, Million Dollar Startup Game, social networking
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Lief Larson here. One of the founders of Lyro. Thanks for taking a look. If we lifted up the skirt on our long-term objectives, that wouldn’t be much fun now would it? 
Plaxo is already following us. We launched web searchable digital business cards before they did. We had the social aspects before them. But that doesn’t matter. We like Plaxo. We even like Goliath LinkedIn. Both companies are good at what they do. We are focused on the small and independent businesses, the entrepreneurs, the consultants who wants to get more out of the web and have better visibility. Best of all, we’re asking for nothing in return. If we help you and you find the site useful, you might upgrade. It’s a pretty simple value proposition.
With regards to messages, our system is primarily open. The downside to open is that if anyone can message you freely (or you message others freely) we’d be setting up a system for abuse. Nobody has time for “hot webcam chicks” when you’re out trying to find new business and opportunity.
I’m glad you’d have a willingness to put a “Virtual $100k” behind us and I’m looking forward to putting that virtual check to good use!
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Thanks for the update and feedback Lief! I really do appreciate your business and it’s business model and agree with almost all your points. The low ‘virtual’ valuation was driven by nothing more than wondering where the market potential was given the two goliaths we’ve discussed. The irony is that I’ve been working on a site for sometime that is meant to address some of the weaknesses of the ‘blanket’ or everything to everybody approach by Linked In etc.
I’d like to increase the virtual investment to $350K. After all, us little guys have got to stick together.
Good luck and let us know how you get on with your great business: Lyro
Andrew
Founder – http://www.AdvisorGarage.com
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