Posts Tagged ‘Naval Ravikant’

Startup of the Week: Tello, a Yelp-Style Customer Service Rating Site

mbStartups is pleased to announce the Startup of the Week: a weekly post dedicated to the newest faces in new media.

In honor of President’s Day weekend sales, this week’s featured startup is Tello, a forum for thanking businesses for providing excellent customer service. The company’s logo evokes the aesthetics of the 1950′s, said CEO and founder Joe Beninato, “when service used to be good.” We recently met up with Benitato to talk about this latest spin on the rate-it site and the new business model that goes with it.

How it Works

Customers can already voice their opinions on Yelp, but with Tello, instead of skimming through the comments to find out which bridal consultant or massage therapist to book by name, they can check out a local business and instantly see who has gotten the best feedback. “Yelp is about the place – we’re more about the people in the place,” Beninato said. The content is crowd-sourced, with options to add both the name of the business and the employees who work there.

The mobile app, launched February 9th for iPhone, iPad and Android, connects to Facebook and Twitter, and will eventually have a check-in function as well. We tried it out on Baked, the Brooklyn bakery where we conducted the interview. The address popped up, along with a map.   Rather than giving a star rating, customers are asked to decide if the experience was positive or negative, and leave a comment if they’d like to elaborate. “People tend to be polarized,” Beninato said of the star-rating system. A simpler question to ask is, “would you recommend it or not?” We didn’t catch the cashier’s name at Baked, but whoever he was, we clicked the icon to give him a thumbs up. A public complaint board runs the risk of subjecting poorly paid cashiers and new hires with too much negative publicity, but Beninato says that so far, 80% of the users have used the service to leave compliments rather than complaints.

Beyond local eateries and shops, Tello is good for any company that relies on customer service to stay competitive, like car dealerships, hotels and airlines. For example, Beninato credits good customer service for moving Virgin America ahead of the competition in an industry that’s suffered from heightened security. “They’re thriving when others are having trouble,” he said, and the pink mood lighting doesn’t hurt, either.

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Interview With Naval Ravikant

Earlier this week I had the opportunity to speak with Naval Ravikant, an investor and entrepreneur based in the Silicon Valley area. I wanted to talk to him about trends that he is seeing in the industry and what sort of pullback, if any he has been seeing from the economic downturn. You can listen to the podcast to find out what he said but for him, there has been little economic impact in early stage investing.

Additionally, Naval spoke to me about what types of teams he makes investments in and why. We also discussed the challenges of creating a startup outside the valley versus creating a startup in the heart of the valley. Naval is always a great person to speak with, especially when discussing social technology as he made a number of investments in Facebook application companies.

Naval also writes the Venture Hacks blog which recently launched a “Recommended” section which indexes venture capitalists as well as startups. The point is to help entrepreneurs find investors. Listen to the podcast to hear Naval’s insights on investing and what the best way is to approach getting funding.