Bambi Francisco profiles Jotspot, a wiki technology company:

Bambi Francisco

[from Excite founders re-emerge on tech scene with JotSpot]

JotSpot's Kraus said his technology is more enhanced than prior wiki versions because JotSpot wiki documents are integrated with e-mail, real-time news feeds from the Web and wysiwyg (what-you-see-is-what-you-get) editing and publishing tools.

The software, which will be sold as a hosted software application, is designed to enable small groups collaborating on a project to work together by using one shared space. For instance, correspondence between a human resources staffer and a division head about a potential job candidate can be captured in a wiki document by copying the wiki document e-mail address in the e-mails. The wiki document would then store the correspondence in a section of the document. That wiki document could also include the candidate's resume and real-time news related to the candidate or the specific job.

It's been 15 months since Kraus and Graham went to work on JotSpot. Eventually, Kraus and Graham used their connections with Geoff Yang, a partner at Redpoint Ventures, who a decade ago had met the two founders when he led his firm's investment in Excite. At the time, Yang was at IVP.

Two months ago, JotSpot raised $5.2 million from Redpoint Ventures and Mayfield, said Kraus, now in his early 30s.

Kraus said he plans to make money by selling a subscription and charging on a per-seat basis, much like Salesforce.com (CRM: news, chart, profile). He didn't comment on how much he thought he could charge. Indeed, there are other free wiki technologies, like OpenWiki, that are available.

More to follow when my beta app is processed.

[Marc Cantor and others have made similar noises]