{"id":9812,"date":"2010-08-18T18:00:42","date_gmt":"2010-08-18T09:00:42","guid":{"rendered":"http:\/\/asiajin.com\/blog\/?p=9812"},"modified":"2010-08-18T18:00:42","modified_gmt":"2010-08-18T09:00:42","slug":"web-based-translation-start-up-mygengo-fundraises-usd585000-from-ten-angel-investors","status":"publish","type":"post","link":"https:\/\/asiajin.com\/blog\/2010\/08\/web-based-translation-start-up-mygengo-fundraises-usd585000-from-ten-angel-investors\/","title":{"rendered":"Web-based Translation Start-up myGengo Fundraises USD585,000 From Ten Angel Investors"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"myGengo's Logo\" src=\"http:\/\/img.asiajin.com\/blog\/wp-content\/uploads\/2009\/06\/mygengo_logo.jpg\" alt=\"\" width=\"217\" height=\"91\" \/><br \/>\n<a href=\"http:\/\/www.mygengo.com\">myGengo<\/a>, a web-based multilingual human translation service start-up in Japan, announced convertible note fundraising of approximately 50 million yen from ten angel investors including:<\/p>\n<ul>\n<li>Felix Miller, <a href=\"http:\/\/www.lastfm.com\">Last.fm<\/a> co-founder<\/li>\n<li> Brian Nelson, Japan&#8217;s affiliate provider <a href=\"http:\/\/www.valuecommerce.com\/\">Value Commerce<\/a> CEO<\/li>\n<li>Dave McClure, <a href=\"http:\/\/500hats.com\/sys-tmpl\/startupclients\/\">500 Startups<\/a><\/li>\n<li>Christoph Janz, <a href=\"http:\/\/dealpilot.com\/\">Deal Pilot<\/a> and <a href=\"http:\/\/www.pageflakes.com\/\">Page Flakes<\/a> founder<\/li>\n<li>Benjamin Joffe, <a href=\"http:\/\/www.plus8star.com\/\">Plus 8 Star<\/a> founder<\/li>\n<li>Joshua Schachter, <a href=\"http:\/\/www.delicious.com\/\">Delicious.com<\/a> founder<\/li>\n<\/ul>\n<p>Since last April when they introduced an API that allows you to enable the translation service on your website, about 10,000 translation requests a <span style=\"text-decoration: line-through;\">day<\/span> month have been processed, myGengo&#8217;s managing director Matthew Romaine says.<br \/>\nThey plan to strengthen marketing arms using the fundraising money, and expect to raise more money through myGengo&#8217;s US-based parent company.<br \/>\nAs a result of this fundraising, the company&#8217;s co-founders Robert Laing and Matthew Romaine keep a 85% stake.<br \/>\nMeanwhile, market research company devoted to international business operations <a href=\"http:\/\/www.commonsenseadvisory.com\">Common Sense Advisory<\/a> reported last May in their whitepaper that the market size of the world&#8217;s translation outsourcing business is expected to reach USD2.5B in the year of 2010.\u00a0\u00a0 It used to be USD1.425B in FY2008.\u00a0\u00a0 There&#8217;s reportedly a rapid growth in translation needs for e-commerce websites.<br \/>\n<strong>Correction: <\/strong> The number of the translation requests was incorrect.\u00a0 It is not &#8220;a day&#8221; but &#8220;a month&#8221;.\u00a0 Sorry for your inconvenience it may cause.<br \/>\n<strong>Via:<\/strong> <a href=\"http:\/\/japan.cnet.com\/news\/business\/story\/0,3800104746,20418336,00.htm\">Human-powered translation myGengo fundraises 50 million yen (CNET Japan) [J]<\/a><br \/>\n<strong>See Also:<\/strong><\/p>\n<ul>\n<li><a href=\"http:\/\/asiajin.com\/blog\/2009\/06\/07\/translation-tool-new-option-between-human-profession-and-computers-imperfectness\/\">Translation Tool: New Option Between Human Profession And Computer\u2019s Imperfectness<\/a><\/li>\n<li><a href=\"http:\/\/asiajin.com\/blog\/2009\/11\/25\/mygengo-string-site-translation\/\">Exclusive Interview: How Does myGengo\u2019s String Help Site Translation?<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>myGengo, a web-based multilingual human translation service start-up in Japan, announced convertible note fundraising of approximately 50 million yen from ten angel investors including: Felix Miller, Last.fm co-founder Brian Nelson, Japan&#8217;s affiliate provider Value Commerce CEO Dave McClure, 500 Startups Christoph Janz, Deal Pilot and Page Flakes founder Benjamin Joffe, Plus 8 Star founder Joshua&hellip; <a class=\"more-link\" href=\"https:\/\/asiajin.com\/blog\/2010\/08\/web-based-translation-start-up-mygengo-fundraises-usd585000-from-ten-angel-investors\/\">Continue reading <span class=\"screen-reader-text\">Web-based Translation Start-up myGengo Fundraises USD585,000 From Ten Angel Investors<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[9,17,24],"tags":[415,501,645,860,1168,1873,2489],"class_list":["post-9812","post","type-post","status-publish","format-standard","hentry","category-company","category-japan","category-news","tag-benjamin-joffe","tag-brian-nelson","tag-christoph-janz","tag-dave-mcclure","tag-felix-miller","tag-joshua-schachster","tag-mygengo","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/posts\/9812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/comments?post=9812"}],"version-history":[{"count":0,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/posts\/9812\/revisions"}],"wp:attachment":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/media?parent=9812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/categories?post=9812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/tags?post=9812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}