Welcome!

Machine Learning Authors: Elizabeth White, Yeshim Deniz, Zakia Bouachraoui, Liz McMillan, Carmen Gonzalez

Related Topics: Machine Learning

Machine Learning : Article

FranchiseCircle.com Launches AJAX-Based First Social Networking Site for Franchising

Completely Free Site for Franchisors, Franchisees, Area Developers to Network With Each Other

Two entrepreneurs have created what they claim is the worlds' first social networking site for the global franchise industry, FranchiseCircle.com, offers a tempting prospect: free online lead generation to franchisors and industry suppliers, as well as a knowledge library and repository for the industry.

Co-Founder Carter Malloy, a veteran of the franchise industry after managing a division of Candy Bouquet International, his families franchise company, believes FranchiseCircle.com to be the best thing that ever hit the franchise industry. "I learned the franchise business at a young age, and became interested in social networking after attending college", says Malloy, an analyst with global investment bank Stephens. "I immediately saw how useful this technology could be for the franchise industry".

FranchiseCircle.com releases its social networking platform on November 1, 2006. The site is completely free for franchisors, franchisees, industry suppliers, and area developers to network with each other and potential franchise buyers. The first in the industry to tout Web 2.0 technology like an AJAX interface, RSS feed readers, and video blogging, the company also proactively chose banking industry two-factor authentication to protect users' data, becoming the first social networking site to implement this measure. The founders' claim that the most revolutionary technology they plan on introducing is still in the works to be launched soon after, and they're not talking.

After raising seed money from several sources, including David Neeleman, CEO of JetBlue Airways who recently purchased a Frappier Acceleration franchise, and Margaret McEntire, CEO of Candy Bouquet International, Malloy and Ames went to work looking for the most superior technology and what the industry lacked. "What I saw after working in this market was that it truly needed a place for the buyers" says Ames, who has 10 years of web experience working in Internet consulting. "There simply was no web presence in this vertical that is tailored to the buyer. With the Internet creating a buyers market, this was simply not acceptable" says Ames.

"During the 10 years of experience with Candy Bouquet I saw a lot of Internet lead generation companies weren't keeping things honest, especially with lead generation for franchisors", says Malloy. "I wanted to create a different legacy,one that was based on honesty and built on the fertile soil of interesting content with a vibrant community of buyers".

And they are putting their money where their mouth is. Learning from the online model of sites like Wikipedia, the founders plan on doing the unthinkable, keeping their books completely transparent, posting independent quarterly accounting reviews, and guaranteeing reinvestment of 70% of the sites sponsorship and advertising revenues, all to gain the trust and respect of the industry.

The franchise industry's impact on the U.S. economy exceeds $1.5 trillion, or nearly 10 percent of the nation's private-sector economy, providing jobs for more than 18 million Americans.

FranchiseCircle.com is the premier professional networking site for the franchise industry, a one stop shop for information, communication, and collaboration for franchisors, prospective franchise buyers, franchisees, industry suppliers, area developers, and industry trade groups.

More Stories By RIA News Desk

Ever since Google popularized a smarter, more responsive and interactive Web experience by using AJAX (Asynchronous JavaScript + XML) for its Google Maps & Gmail applications, SYS-CON's RIA News Desk has been covering every aspect of Rich Internet Applications and those creating and deploying them. If you have breaking RIA news, please send it to [email protected] to share your product and company news coverage with AJAXWorld readers.

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


CloudEXPO Stories
Most modern computer languages embed a lot of metadata in their application. We show how this goldmine of data from a runtime environment like production or staging can be used to increase profits. Adi conceptualized the Crosscode platform after spending over 25 years working for large enterprise companies like HP, Cisco, IBM, UHG and personally experiencing the challenges that prevent companies from quickly making changes to their technology, due to the complexity of their enterprise. An accomplished expert in Enterprise Architecture, Adi has also served as CxO advisor to numerous Fortune executives.
Every organization is facing their own Digital Transformation as they attempt to stay ahead of the competition, or worse, just keep up. Each new opportunity, whether embracing machine learning, IoT, or a cloud migration, seems to bring new development, deployment, and management models. The results are more diverse and federated computing models than any time in our history.
Andrew Keys is co-founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereum.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throughout enterprises of all sizes.
The dream is universal: heuristic driven, global business operations without interruption so that nobody has to wake up at 4am to solve a problem. Building upon Nutanix Acropolis software defined storage, virtualization, and networking platform, Mark will demonstrate business lifecycle automation with freedom of choice and consumption models. Hybrid cloud applications and operations are controllable by the Nutanix Prism control plane with Calm automation, which can weave together the following: database as a service with Era, micro segmentation with Flow, event driven lifecycle operations with Epoch monitoring, and both financial and cloud governance with Beam. Combined together, the Nutanix Enterprise Cloud OS democratizes and accelerates every aspect of your business with simplicity, security, and scalability.