Comments on: VCs price True Knowledge at £20m pre-money. Is this the UK’s Powerset?

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By: Finance Geek » WolframAlpha and fact search

Finance Geek » WolframAlpha and fact search — Mon, 11 May 2009 09:15:51 +0000

[...] the answers. This is not unlike the UK startup TrueKnowledge, which has generated some hype of its [...]

By: WolframAlpha and fact search | The Equity Kicker

WolframAlpha and fact search | The Equity Kicker — Mon, 11 May 2009 09:06:12 +0000

[...] the answers. This is not unlike the UK startup TrueKnowledge, which has generated some hype of its [...]

By: TechCrunch UK » Blog Archive » True Knowledge gets second round from original backers

Tue, 29 Jul 2008 19:07:12 +0000

[...] maybe I was wrong. Instead of True Knowledge bagging a large amount of VC funding as I thought, it’s gone back to its existing investors Octopus Ventures and some angels to [...]

By: The Semantic Web mobile edition

The Semantic Web mobile edition — Wed, 02 Jul 2008 21:24:43 +0000

[...] UK’s Mike Butcher reported last month that nameless venture capital firms were valuing True Knowledge at about £20million ($40million), [...]

By: Natural language search « The Equity Kicker

Natural language search « The Equity Kicker — Wed, 02 Jul 2008 16:50:19 +0000

[...] in the UK True Knowledge is after the same market, which maybe explains some of the recent excitement around the [...]

By: Microsoft acquires Powerset – the new Google? - The Medical Quack .... by Barbara Duck - emrupdate.com

Wed, 02 Jul 2008 01:05:54 +0000

[...] acquisition do for Microsoft’s search ambitions? Well it gives them a leg-up on Google, who were rumored to be trying to acquire Powerset for themselves, but as we’ve seen for several months now, [...]

By: Rich

Rich — Mon, 23 Jun 2008 10:03:08 +0000

I stumbled on true knowledge late last year and I think this latest evaluation may be over-hyped.

It’s clever technology and their semantic search looks promising but – are we saying that TK is the answer to universal search? Are their answers ALWAYS right? It’s a tough game they are intending to play. It could be worth an investment but it’s just a little too hot for me.

For their API, I still think there are better ways out there to e.g. find the local time for any location (http://worldtimeengine.com).

I do wish the TK team success though – promising beginnings…

By: Manoj Ranaweera

Manoj Ranaweera — Fri, 20 Jun 2008 20:04:47 +0000

Recently, I have been looking at startup valuations. Perhaps TCUK could be forum to discuss various valuation methodologies with the participation of both entrepreneurs and VCs. Of course, both parties could be shy, but I for one believe in share of knowledge. I will be speaking more about this at http://www.twitter.com/manojranaweera and http://www.nwstartup20.co.uk/blog. Feel free to tune. More discussion the better informed we all will be. Mike, care to take the lead.

By: jas

jas — Fri, 20 Jun 2008 11:10:09 +0000

I think it’s over hyped and with stories like this will only increase their hype but fair play to them as it’s a great way to raise cash.

By: Jens

Jens — Fri, 20 Jun 2008 09:58:00 +0000

Mike,

can you link to some stories on how Google wanted to buy Powerset? That would be interesting. Thanks.

By: Bill Roberts

Bill Roberts — Fri, 20 Jun 2008 09:51:36 +0000

I think True Knowledge are on to something big: their public demo is both impressive and different to anything else I’ve seen.

By: lloyd

lloyd — Thu, 19 Jun 2008 15:58:13 +0000

What a twat. We want to know because we want to know. I surely doubt anything TC do in this case will harm TK … the only thing that will happen is TK will have a bidding war amongst VC’s and increase their pre-money valuation. Oh the horror.

Mike i do think you are wrong on one thing … TK is not even close to the UK’s Powerset … i think you have the question the wrong way round (and the answer is no).

By: Mike Butcher

Mike Butcher — Thu, 19 Jun 2008 15:25:46 +0000

Mark Littlewood – I don’t work in PR, sorry. Bother someone else.

By: Mark Littlewood

Mark Littlewood — Thu, 19 Jun 2008 14:55:17 +0000

You are a great reporter and discover some really interesting things but I think you should think about holding some stuff back from time to time. I am not sure what is gained by you working on finding out who the other potential investors are other than showing how ‘clever’ you are. If the company doesn’t want to talk about who it is talking to (and frankly what has it possibly got to gain by doing so?) then I think you should respect that. Negotiating with VCs is hard at the best of times. CEOs should be able, if they wish, to keep VCs at arm’s length and maintain a degree of opacity about which investors they are talking to for obvious reasons. I know your commitment to supporting the entrepreneurial ecosystem is significant so how would you feel if your activity actually cocked it up for someone?

Keep up the great work but stay part of the solution.

By: lloyd

lloyd — Thu, 19 Jun 2008 14:47:25 +0000

This sounds legendary…