Provo Labs is now funded. Our small incubator team intends to launch between 12-20 internet startup companies in the next 2-3 years. We have an office at Canyon Park now (in Orem) but as per our name, we'll be moving to Provo early next year. Our m/o is to generate great ideas, build working prototypes (or live web sites) quickly and by using the best internet marketing techniques, bring enough visitors to each web site that we can prove each concept. If a business idea passes the initial market test, then we will provide enough seed capital to build a team and fund a go-to-market strategy. Our goal is to reach positive cash flow from Provo Labs initial investment. But some startups will need more than just seed capital. If necessary, we'll use FundingUniverse.com to help us find angel capital, or in some cases we might seek venture capital.
Amazon owns Alexa, and today Alexa is announcing a web service that allows developers to make special requests for content during Alexa's web crawls. The Wall Street Journal article gives the example of asking the crawler to help you identify new music files or images that have recently been posted to the web.