Syncplicity was founded with a simple vision: Your computer should empower you, not slow you down. Our goal is to create a new way of managing files to liberate people from worrying about how and where their data is stored. With Syncplicity, you don’t have to be a file techie. Sharing, backing up, and synchronizing files is automatic and intuitive, so you can get down to the important stuff and use your computer in fun, creative and useful ways.
The company is led by a strong and dynamic team with substantial experience in creating and delivering solid and innovative products to the market.
"Syncplicity founder Leonard Chung, who is 28, learned that lesson in start-up economics on the way to securing $2.35 million in first-round funding from True Ventures. A partner at a larger venture firm, Chung said, was impressed with Syncplicity's data-management technology and business plan, but balked at Chung's initial "ask," or request, of $2.2 million.
"He said that's not big enough," Chung recalled. "He said, 'I need an answer on this: How can you tell me with some level of confidence that I'll be able to invest $10 to $15 million over time?' That's the thing I could never answer."
Syncplicity, Chung figures, simply shouldn't need that much money to succeed. In his pitch, Chung suggested Syncplicity match the success of Mozy, a data backup company that Josh Coates founded in 2005 with $1.5 million in venture backing and sold to EMC only two years later for $76 million.
In the end, Chung decided to take $150,000 more than his "ask" to address the economic downturn."
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