Post-break, the room is full – SRO. Next up:
NavPrescience, a CMU spinout, is looking to build a smarter GPS solution that learns from the user. By using predictive and personalized routing, they aim to make your GPS device (which is likely to be your mobile phone in a few years) much smarter.
The company is taking advantage of the slow-moving set of big competitors that own the GPS market today – these big guys just seem allergic to innovation.
It seems like many of the features these guys are building should have been in the marketplace years ago. There is a stable of other startups that have been entering this market of the last couple years, so these guys will have some competition (such as Waze, that showed at DEMOfall09 just a month ago) to deal with.
My biggest concern about this startup is its ties to CMU. Like all technology that comes out of CMU, it is top-notch – but there isn’t a good track record of entrepreneurs coming out of CMU and turning that technology into highly successful companies. Do these guys have the juice to buck that track record?