CloudTop - MIT $100K winner moves west for Y Combinator
The latest winner of MIT's $100K Entrepreneurship Competition, CloudTop, has moved to Palo Alto to take part in the Y Combinator summer program for startups. A number of Boston-area entrepreneurs and investors tried to persuade the CloudTop team to stick around, though it sounds like no one offered to write a check.
This year’s MIT $100K Business Plan Contest drew a record 215 teams to compete for the coveted grand prize: $100,000 to start a business venture or market a new product.
The company is building "dead simple" uploading tools for digital files that can be used by web sites and mobile app developers; an example of the early product can be seen at Filepicker.io.
"The four of us rented a house [in Palo Alto] and are cranking away," CEO Brett van Zuiden, right, writes via e-mail. "We're actually planning a launch of our mobile product soon..." Zuiden, who is originally from the Bay Area, says that "investors" and "culture" played a role in CloudTop's decision to head west.
CloudTop’s tech could, for example, let a Google user drag and drop a photo from Picasa into their Facebook Timeline, then over to a WordPress blog post, and a board on Pinterest–all without redundant uploading, downloading and file re-labeling. It works even if someone is accessing their files via the Safari browser on an iPad.
SOURCE: Boston.com, WSJ.com