Gridlock Drives Launch of E-Business.Bumper-to-bumper traffic and scarce parking are grim facts of life for Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. motorists. And that has one dot-com entrepreneur convinced that there's money to be made by aiding frazzled commuters. Devin Wade, founder of San Francisco-based Wiredcommute, plans to release a Web-based platform in L.A. on Jan. 1 that aims to let commuters reserve parking spaces, access traffic reports and maps, and even pay for traffic citations and monthly parking fees -- all from a PC or wireless device. The platform will be rolled out nationwide, but Wade expects L.A., which he acknowledges as "the nation's commuter capital," to be Wiredcommute's highest-potential market. "Wiredcommute won't eliminate gridlock Gridlock A government, business or institution's inability to function at a normal level due either to complex or conflicting procedures within the administrative framework or to impending change in the business. , but it will let drivers search, reserve and pay for parking and alert them to which roads are jammed," he said. Gridlock and scarcity of parking, already a major hassle for L.A. motorists, will only worsen in the months and years ahead, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. recent reports from the Metropolitan Transportation Authority. MTA (1) (Message Transfer Agent or Mail Transfer Agent) The store and forward part of a messaging system. See messaging system. (2) See M Technology Association. 1. (messaging) MTA - Message Transfer Agent. officials project that L.A. County's population will leap from about 9.6 million in 1998 to 13.1 million in 2025, when officials expect that 72.9 percent of all trips to work will be made by motorists traveling alone. Just 17.2 percent of trips to work will be made in carpools and 9.9 percent by mass transit mass transit, public transportation systems designed to move large numbers of passengers. Types and Advantages Mass transit refers to municipal or regional public shared transportation, such as buses, streetcars, and ferries, open to all on a . Exposure for parking industry Wiredcommute is the first platform and Web site to link the parking industry with more common online applications, like map searches, citation payments and traffic reports. The latter applications all have been available for some time on sites like the popular Traffic.com. As planned, the Wiredcommute platform will be accessible by logging onto the firm's own Web site (www.wiredcommute.com) or sites operated by partnering parking companies. Wade won a crucial group of allies before launching his service: the nation's parking industry heavyweights, including Central Parking Corp., APCOA/Standard Parking Inc. and AMCO AMCO American Meter Company (Horsham, Pennsylvania) AMCO Aviation Maintenance Company AMCO Air Movement Control Officer AMCO Aerojet Manufacturing Company System Parking. Those parking operators, which are among he handful that control most of L.A.'s parking Facilities, agreed to implement Wiredcommute's software, creating a virtual network of parking facilities that could be at the fingertips "Fingertips" is a 1963 number-one hit single recorded live by "Little" Stevie Wonder for Motown's Tamla label. Wonder's first hit single, "Fingertips" was the first live, non-studio recording to reach number-one on the Billboard Pop Singles chart in the United States. f commuters. To secure those partnerships, Wade tapped Jerry Skillet, the L.A.-based president of Mone Advertising and M2Software and a former senior vice president of Central Parking. For parking operators, Wiredcommute's applications offer a rare opportunity for them to market themselves to commuters, who usually come and go at the lots with little or no interaction with company workers. "Parking companies need another communication channel with their customers," said Skillet, who is serving as an advisor to Wade. "Now, they interface only when there's a problem or when (customers) pay bills." Wade said each of the operators can now use the Web presence to put their own spin on their operations. "We provide parking operators with a platform they can use to develop and evolve their own Internet initiatives," said Wade, who previously worked in management for Central Parking. "It gives parking operators a chance to build direct relationships with their customers." APCO-Standard Parking is currently running a pilot program with Wiredcommute applications in Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. . "We thought it'd be great for our municipal parking garages in the city of Santa Monica and at the Santa Monica Pier The Santa Monica Pier is located at the foot of Colorado Avenue in Santa Monica, California and is a prominent landmark. Attractions The pier contains Pacific Park, a family amusement park with a large ferris wheel. beach parking," said Steve Resnick, regional vice president of business development for APCO-Standard Parking. "There's no capital outlay capital outlay See capital expenditure. for us. It's just an added customer amenity." Commuting capital Wiredcommute collects no up-front costs from parking operators to use its platform, but the company does take a cut of the parking fees generated via the platform. Its other main revenue source will be licensing fees paid by companies like MapBlast! and TrafficStation, which provide online search tools and traffic reports as part of the Wiredcommute platform. MapBlast and other such companies agree to pay Wiredcommute a licensing fee, and provide commuters with free access to their online search tools and traffic reports because the companies believe that being linked to Wiredcommute will increase the number of visitors to their sites. That jump in online traffic, in turn, will enable such companies to charge more for banner ads A graphic image used on Web sites to advertise a product or service. Banner ads come in numerous sizes, but are often rectangles 460 pixels wide by 60 pixels high. Also 460 x 55 and 392 x 72 sizes are commonly used. on their sites. As for outside financing, Wade said he completed raising a round of angel funding earlier this year and is currently in talks with venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] . A second round of funding, he said, will be complete by the first quarter of next year. He would not disclose the amount of cash raised in the angel round. Meanwhile, Wade is positioning Wiredcommute for the burgeoning wireless market. By 2003, wireless devices will be commonplace, he said, and vehicles will be equipped with navigational systems suited for the Wiredcommute platform. At some point, the system may also be voice-activated. To develop that capability, Wade has partnered with Voice Access Technologies Inc., a Los Gatos-based company that develops such applications for wireless devices. "It will take longer for us to get the word out in L.A. because the city is so spread out," Wade said. "Market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" will be easier in cities with higher density, like San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . But L.A. is the nation's commuter capital. It will take a little longer for us to come to fruition in L.A., but it will be our best market." |
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