Vatorx2
Location: 420 Rue Guy, Montreal, Canada Canada
Founded in: 2011
Stage: Napkin (idea)
Number of employees: 1-5
Short URL: vator.co/localmind
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Localmind

Know. Now.
Startup/business
Montreal, Canada Canada
http://www.localmind.com/
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Company description

Quora meets Foursquare. Localmind gives you ask a question of someone checked-in at any location. Find out how crowded a bar is, how long the line to the restaurant is, or what the drink specials are.

When you check-in with your favorite check-in service (such as Foursquare, Gowalla, or Facebook Places) you become available to be sent a question about that location. If a fellow user has a question about that location, you receive a notification and can respond in real-time.
iPhone app and web app available today, Android app coming soon. Launched at SXSW, to great press:
http://www.scobleizer.com/2011/03/12/whats-the-best-sxsw-app-so-far-for-me-its-localmind/
http://whatsnext.blogs.cnn.com/2011/03/17/foursquare-quora-localmind/
http://www.nytimes.com/external/gigaom/2011/03/01/01gigaom-localmind-iphone-app-is-the-future-of-local-crowd-73785.html


Team
Business model

1. Location based advertising

2. Sponsored locations

3. Temporal deals

4. Reverse buying

5. Licensing data

Competitive advantage

Speed, experience, team, connections