Yeah, the number of really really (let's get ready to Tungle) type blog titles was overwhelming, sorry I picked the least corny. But we love this idea/company/people.
Tungle is the latest JLA investment.
Here's the problem. You're are trying to schedule a meeting with people on all different calendaring products. Getting the free/busy from everybody usually involves endless emails starting with: "How's 3p" and then a zillion emails later, etc, etc. It is a huge time sync/pain. Tungle basically solves the problem by making you visible to others. For example, if you have 5 people all on different exchange boxes, you can schedule a meeting as if everybody was on the same box, seeing free/busy, picking a time that works for people, sending out the invites, etc. Tungle plans to offer this level of functionality across all calendaring programs beyond two foreign exchange boxes. Soon, you will be able to 'see' a Google user, a Lotus notes user, etc, just like they were on your internal system. All permission based, lots of privacy settings, etc. Go here to see the full details on features, etc.
We did this investment for a number of reasons:
1. The problem is real. I live it and anyone who has a busy/full schedule knows the process can be more efficient.
2. The team is known, done it before and very well respected. Marc and Fang, the co-founders are guys I've personally worked with before. Since my interactions with them, they've done other successful things and I like betting on people I know can pull rabbits out of hats. Lots of brain power at the table, especially with the addition of Jennifer Bell on product management front. A+ team.
3. People will pay for this. I expect somebody out there on some tech blog to review the product when it goes into full beta and say great things. I also fully expect to see the line "unfortunately it's not free." I believe people will pay for things of value and we are going to test that theory with Tungle.
4. The additional services/features are many. Imagine everybody wanting to schedule a meeting a restaurant or group schedule an outing, etc. Lots and lots of opportunities in the features/partnering department.
5. Low cost SaaS product. Gotta love no touch, no downloads, just click here, pay and you are ready.
Congrats to Marc, Fang, and Jennifer on getting funding and rolling.
If you'd like to get into the beta program sign up here. If you want to go to the head of the beta list, send email to Marc at Tungle, telling him I sent ya.