ER Accelerator recently announced its summer 2013 NYC class, which marks its fifth class. Today we speak with Dmitriy Rokhfeld, Co-Founder of Machinio, a vertical search engine for industrial machinery.
Tell us about the decision to apply for ER Accelerator.
We were especially drawn to the ER accelerator for its extremely strong leadership and associated mentor network. Their connections to the NY investor community were also strong selling points.
A number of companies in previous ERA classes worked on vertical search engines and we were hoping to learn from their experiences when developing our product.
Tell us about the product that you are launching?
Machinio is a vertical search engine for industrial machinery. Think Kayak.com for machinery. We index listings from hundreds of marketplaces and individual seller websites to create a single repository of for-sale machinery. With over 600K listings, we’re already one of the most comprehensive resources.
What market are you attacking and how big is it?
The used industrial machinery market is a $40B market.
What is your take on the current scene in New York today?
We recently moved to NYC in order to participate in ERA and therefore don’t yet have a strong sense of the New York entrepreneurial scene. However, we expect great things.
Read about the other startups selected for the 2013 ER Accelerator Summer Class.