Advanta

IdeaBlob.com

Conference
DEMOfall 07
Market Segment
Small Business Software and Services
Funding
Advanta, one of the nation’s largest issuers (through Advanta Bank Corp.) of small business credit cards, has self-funded IdeaBlob.com.
Competitors
No direct competitors. Secondary competitors include Allbusiness.com, Smallbusiness.com, Toolkit.com, Startupnation.com.
Product Description
IdeaBlob.com is an open and dynamic community where anyone can post their business ideas. Community members vote on these ideas and provide valuable feedback and advice. IdeaBlob.com helps ideas grow. We are bringing the support of the angel networks that Silicon Valley enjoys to Main Street businesses and aspiring entrepreneurs. Innovation and great ideas begin everywhere; Ideablob.com brings them together in a fun, exciting and collaborative environment.
Market Opportunity
There are approximately 30 million small businesses in the United States based on projections from the Economic Census, the Small Business Administration, and the Bureau of Labor Statistics.
DEMO Says
Now that Web 2.0 has thoroughly saturated those of us on the inside of technology, it is beginning to seep its way out to the mass consumer. Though we’re betting the majority of Americans still can’t discern Facebook from MySpace (the horror!), the community features you and I have come to expect are becoming more familiar to everyday Joe and Jane Consumer. Hence, concepts like Advanta’s IdeaBlob.com seem the next logical step in spreading Web 2.0. By providing the more than 25 million small business owners in the U.S. with an interactive environment for advice, counsel, and idea exchange, Advanta is defining the power of community in its truest sense.
Contact
Kelly LeDonni
Kledonni@advanta.com
Company Address
Welsh and McKean Rds. P.O. Box 844
Spring House, , PA 19477
Phone
215-444-5595
Fax
215-444-5995
URL
www.ideablob.com
Corporate Officers
Dennis Alter,Chairman & CEO Bill Rosoff,Vice Chairman & President Phil Browne, CFO Ami Kassar, Chief Innovation Officer

John Studer, CFO of No Sweat Apparel, the Boston-based fair trade pioneer that produces clothing and sneakers at sweatshop-free union factories in the United States, Canada and the developing world,has been named March's ideablob.com monthly contest winner for the best small business idea, as voted on by the ideablob (DEMOfall 07) community. Studer's winning idea is for the company to continue producing their newest line of organic cotton knit t-shirts at a Palestinian-owned factory on Virgin Mary Street in Bethlehem. To date, No Sweat has sold about 50,000 of these Palestinian-made t-shirts in the United States, England, and Israel. Studer is the second Advanta Business Cards customer to win the monthly ideablob contest. As a result, he is eligible to receive 1,000,000 rewards points on his Advanta BusinessCard (or the $10,000 cash alternative) in addition to the $10,000 monthly contest prize. Advanta presented Studer, who chose the cash alternative, with his $20,000 award during a ceremony at the No Sweat Apparel office in Boston. "We've found a rare piece of common ground for all in t-shirts,"explains No Sweat CEO Adam Neiman. "While not a substitute for diplomatic settlement, more good jobs for Palestinians on the West Bank will definitely help. In the meantime, we've created a mechanism for ordinary citizens to build goodwill on the ground and support the peace to come." No Sweat is marketing these t-shirts wholesale (custom printed) to Jewish, Muslim, Christian and secular schools and camps in the United States, Canada and Israel. According to Studer and Neiman, the project has the active support of the Palestinian and Israeli foreign ministries, and has drawn rave reviews in Muslim and Jewish media outlets. However, they claim that finding adequate resources has been a huge challenge.
By techwatcher on April 28, 2008, 1:26 pm

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