Vuzit – Private Online Document Sharing – DreamIT Funding Day

Today I spent time at the DreamIT Ventures Funding Day in Philadelphia. The first company was Vuzit presented by founder Brent Matzelle. Vuzit is an online document viewer similar to Docstoc and Scribd. Vuzit can protect documents by preventing unauthorized copy and download functions. Vuzit appears to be focused on the enterprise business market.

Vuzit is currently serving 1,000 users and over 12,000 document requests per day. To-date the company has raised $350,000. Brent showed a slide of the competition and only included enterprise level applications — Docstoc/Scribd weren’t even mentioned.

During the Q&A, I asked about the comparison between Vuzit and Docstoc/Scribd. Brent replied that Docstoc/Scribd are about public sharing and Vuzit is about privacy and protection. He went on to say that the other companies have very basic features. This was a bit shocking considering all three companies basically offer the exact same product. A good slide for Brent to add would be a comparison of the three services – for example, Vuzit focuses on enterprise customers while Docstoc focuses on their public-facing repository.