06 Jun '13, 1am

[email protected] is most promising startup; roundup of startup pitches at #Echelon2013

.@WaygoApp is most promising startup; roundup of startup pitches at #Echelon2013

is a B2B market exchange for CPU capacity. According to co-founder Hakim Karim, at an average of 10% utilization rate, enterprises currently have dramatically under-used server resources. GridMarkets helps enterprises earn additional revenue on under-utilised servers, whilst allowing other enterprises to securely gain access to external servers. On the topic on cloud hosting, one might wonder if Amazon Web Services or Axure are a threat. Karim explains that these primary capacity suppliers are in fact good suppliers, and GridMarkets focuses on being a trusted secondary market. The reputations of participating organisations minimizes the risk of any misconduct.

Full article: http://sgentrepreneurs.com/2013/06/06/waygo-emerges-as-mo...

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