Minti Memo #1 FINAL
Minti Memo #1 FINAL
what is minti?
strategy, fund raisings, tech development, the acquisition and subsequent sale
of a significant stake in digital marketing firm Market United, and of course the
day-to-day operations.
When not going hands-on at Minti, Clay is also responsible for Vibe Capital,
tech investment company and owner of the vibEngine technology that is the
backbone of Minti.. Winner of the 2004 WA Business News 40 Under 40 award
and countless other personal achievements, Clay is a driven and balanced
individual with an inexhaustible capacity for new ideas. Ask anyone with children and they will probably tell you that Not only is Minti completely free to join and use, but members also earn
being a parent is the most rewarding role of the many they Minti Moolah (Minti’s virtual currency) for contributing and/or completing
As Director and Co-CEO of internet advertising play in their life. Dig a little deeper and they’ll admit it’s quite surveys. They can then buy and send virtual gifts to their Minti friends or
and search marketing company ineedhits, Rachel often the most challenging. Many parents can feel powerless cash out their Minti Moolah for real dollars via PayPal.
helped build the company from a small startup
to a very successful medium-sized business, and cut-off from their life in times of distress and wish there
taking on key functions such as COO, CTO, Co- was somewhere to turn for support. It is said that the cream rises to the top on Minti. People more often than
CEO and Board Member. not, want to find the best quality advice on any specific topic that they
Welcome to Minti (www.minti.com), the parent to parent advice-opedia. are interested in, as fast as possible. Minti’s unique advice and member
M&A activity in the online parenting space: Resigning from ineedhits’ board in early 2005,
Rachel envisaged and conceived the “Bubama Minti is a thriving community of over 40,000 members that brings ranking algorithm achieves this by weighting members votes based on
Rachel Cook
Project” which was later to become known together real people, with real problems and real solutions. Whether the quality of their own contribution. In essence, the higher the quality of
MothersClick acquired by Lifetime Entertainment as Minti. Identifying the need for a web space where parents could exchange planning a baby, parents of newborns, parents with older children, or even your contribution to Minti, the more weight your vote counts on Minti. Not
Website: www.mothersclick.com ideas, get solid advice and support each other through the joyous highs and
grandparents with troublesome grandchildren, Minti opens up the lines only does this allow Minti to rank its advice by quality, but it also allows
Amount: Rumoured USD$10M occasional lows of parenting, Rachel set about building out the business plan,
When: Aug 2008 and putting in place the right founding team to make it a reality. of communication for support from others with valuable and practical Minti to rank its members and in turn creates a self governing community
Notes: Lifetime Entertainment is a joint Disney/Hearst experience. where any member can report any content (or member), which is instantly
At Minti, Rachel’s focus is on ensuring an unrivalled user experience for removed from the website and placed into a queue to be reviewed by
venture. MothersClick was the jewel in the
all community members, research within both the online and offline
ParentsClick group. parenting space, input at the Minti board level and gaining an ever-growing Using Minti, any member can ask the community a parenting question and highly ranked members.
understanding of social networking and open source applications to improve expect a surprising number of valuably relevant answers within the first
MayasMom acquired by BabyCenter the overall Minti experience. 24 hours. They can also search and read answers to over 10,000 previously The sense of community online at Minti has grown to the point that it
Website: www.mayasmom.com has spilled over into the real world. Many members organize what we call
asked questions, read from any of the 8,000 advice articles already written,
Amount: USD$7M
Matt Macfarlane is an experienced business write advice articles about their own experiences, and even join groups Virtual to Reality group meetings where their children can interact and play
When: Aug 2007
development and mergers & acquisitions manager based on their interest, children’s age, or geographical location. together, learning social skills while the parents get a much needed boost
Notes: BabyCenter is a wholly owned subsidiary of Johnson and chartered accountant. Matt’s vast and varied
of social life and support.
& Johnson. Since the acquisition BabyCenter has experience extends from very small to very large
started to integrate the MayasMom community organisations as advisor and principal. Minti’s wealth of parenting information is
technology across it’s global BabyCenter websites. A former member on the board of directors at large not just isolated to its members. Anyone on Accessible and active 24 hours a day, Minti is a vibrant gathering place of
listed telecoms operators and currently sitting on current and soon-to-be parents and grandparents, all with a single goal in
the internet can access the vast majority of
the advisory boards of two Perth businesses, Matt’s
With these major online presences sold to large publicly listed its content, and as a result over 10,000 unique mind – to query, support and interact with people just like themselves who
M&A management transactions have occurred
corporations, Minti stands tall as the leading independent online internationally and on a large scale, including the visitors from around the world, looking for are familiar with the joyous world of raising children.
Matt Macfarlane
community for parents. Minti is proud to be an ongoing and US$8 billion merger of Equant and Global One. parenting advice, visit Minti on a daily basis.
growing community where parents can find the answer, advice and Read more @ minti.com
With Clay and Rachel, Matt co-founded Vibe Capital in
cooperative spirit they’ve been looking for.
mid 2005. As CFO of Vibe Capital, Matt was has been the lead in a number of
key areas including (but not limited to) raising AUD$2.7m start-up funding for
the development of the vibEngine application which now powers Gooruze, in this issue
Refurber and our very own Minti, as well as the lead in the acquisition and
subsequent sale of a significant stake in digital marketing firm Market United.
get in contact with other minti Matt’s personal goals are to work, and play, with people who help him to enjoy What is minti? minti and Mig33 The minti success
members @ www.minti.com life more. Balancing a healthy mix of the intellectual challenges of work and The founding faces behind minti Latest industry news minti member news
relationships with the physical activities of tennis and many other sports, Matt
strives to maintain a comfortably rounded existence.
Minti “hearts” Mobile and Mig33m The Minti Success
Like Minti to a growing number of parents, the mobile When new mum Rachel Cook first saw a need for a parent-to-parent information source on the web, she looked to the success and
phone has become this century’s most indespensible usability of Wikipedia, VirtualTourist, and MySpace, and forged the business plan for Minti. With Clay Cook appointed as CEO and Matthew
resource. From the humble SMS to the eclectic mix of third Macfarlane as CFO, the three Co-Founders set about raising the initial capital and launched Minti to the world in March 2006. Minti is now
party applications for new generation handsets such as the well and truly running at full speed with steady member growth and an engaged rich community of mothers
iPhone, we all use our phones to do so much. from around the world.
That is why Minti has gone mobile in a big way! To ensure a large mobile presence in a changing landscape,
Today, Minti’s website attracts more than 10,000 new visitors each day, who directly benefit from the unique content generated by
Minti has developed a Wireless Application Protocol (WAP) site and is now featured on the world’s leading
the community of 40,000 members. This phenomenal traffic is largely driven directly from the world’s largest search engine, with
mobile web community portal Mig33. Funded by venture capitalists and headquartered in Silicon Valley,
85% of hits coming from Google search results. Google has indexed approximately 378,000 pages of the Minti website; checking
California, Mig33 now has more than 18 million members worldwide.
for updates on over 88,000 of Minti’s pages every day on average. The remaining buzz for Minti is generated by 8,000 other
websites linking to Minti everyday.
The easy to load and resource-efficient Minti WAP site provides functionality from the main
www.mig33.com
site without the need for data-intensive downloading. Available via WAP are the essential features of random
In recognition of Minti’s outstanding growth and success, the site placed second only to Yahoo! Answers in the 2007 SEOmoz Web
“
Top 10 parenting advice articles with the ability to read.
2.0 Awards, and again in 2008. SEOmoz created a shortlist of more than 300 of the hottest startups both new and old which were
then voted on by some of the web’s most respected bloggers, entrepreneurs and business people. Further cementing Minti’s
Minti co-founder Clay Cook says he is “very excited by the future of mobile,
and allowing parents to access high quality, relevant parenting advice away
from their desktop using any WAP enabled phone.” Clay added he was
“happy to have launched on Mig33, another Australian success story
“ reputation in the blogosphere, it recently placed 11th in the Technation list of most successful Australian Startups.
The power of a simple idea is vividly illustrated in Minti’s continued growth and expanding reach. Our international community
members are located throughout most of the English-speaking world and traffic to the site increases daily. All this expansion
and a dominant force in the social mobile space”. became possible because of Rachel Cook’s original vision that parenting was a shared community responsibility, and became
a reality by putting the right team in place to take Minti to the world. The magic of Minti can be found on the web by anyone
is
With a dedicated mobile site, Minti has given busy community members an ideal way to get fast and
d o es th around the world thanks to Google and the thousand’s of sites who link to us across the web.
convenient access to all the advice they need. What would we do without our phones these days, and what Wha ol mean?
t
would our members do without Minti? symb “Mint
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