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How a failed book led to the creation of a new blogging platform

How a failed book led to the creation of a new blogging platform

BY NATHANIEL MOTT 
ON JULY 5, 2013

Claudio Gandelman wanted to write a book. He had been asked to write something about online dating and romance ever since he became the chief executive of Match.com Latin America, and so he reached out to a friend in publishing who might be able to help him get this book published. The only problem was Gandelman’s writing, which would have to be heavily revised by a ghost writer before a book would even become a real possibility. He decided to shelve the project and, like so many other writers whose writing wasn’t quite fit to print, decided to turn to the Web.“And then I start to realize, if people decide to write something online, how do they do that? And of course the obvious answer was that they create a blog,” Gandelman says. He didn’t want to do that, largely because the idea of maintaining and consistently updating a personal blog proved to be too daunting. So he founded Teckler, a publishing platform that allows its users to pseudonymously post text, video, music, and images to pre-defined categories already populated by content from other users. Now, a month after launch and 500,000 unique visitors later, Teckler is announcing that it has partnered with PayPal Latin America to make it easier to pay its users for the ads it sells against their content.

Through the partnership, Teckler’s users will be paid 70 percent of the revenues drawn from ads sold against their content. The service sells and manages the ads itself, keeps a 30 percent cut — “the Apple model,” as Gandelman puts it, referring to Apple’s cut of the revenues drawn from items sold in its marketplaces — and will then use PayPal to send users their due. “This partnership has essentially turned PayPal into a micro-payments platform,” Gandelman says. Teckler users will be able to sign up for PayPal directly through the service, and the payments processor will not take its usual cut from each transaction.

Gandelman’s goal for Teckler is to create a new, “democratic” way of blogging that allows its users to post whatever they want as whoever they want while still getting paid for their efforts. They don’t have to worry about what their blog looks like, which service they should use to host the site, or having to constantly post new content so their blog doesn’t go stale. And, since Teckler is making its money by selling ads against all of the stuff they’re posting, those users might as well be able to make a bit of money too, right?

Teckler is the product of Gandelman’s desire to write a book and the subsequent turn to the Web when he and his friend realized that wouldn’t happen without a ghost writer. It’s also the product of his own frustration with Web publishing tools and the realization that if he had written the book he might have made a bit of money, which convinced him that he should allow Teckler’s users to make a bit of cash as well. Maybe it’s a good thing — at least for Teckler’s users, of whom Gandelman says 17,000 have already received some form of payment — that book never made it to print.

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About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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