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This is us (LiveLoop). If any HNers are using PowerPoint 2007 and need to collaborate in Wave-like realtime with colleagues, email me at amal@getliveloop.com and I will set you up with a free account.
something that 750 million people already use: Microsoft PowerPoint.

Millions, certainly, but 750 million? What's your source for this? (I ask because it exceeds similar estimates I've seen for Excel.)

It's from Microsoft who recently announced 1 billion installs and 750 million users - I'm on mobile now but will find the source and post here.
Any chance of supporting Word? If done right, that would be a killer app in academia.
Google Docs does this well already... though I'm all for more options.
Funny how few comments there are on this one. As much as MS isn't the hotness right now, this is a cool product to retroactively add third-party collaboration feature to a complex app. Hats off to you guys as that seems like an impressive feat for such a mature project.
Perhaps because there are not that many PowerPoint users or people that need a feature like this? LiveLoop seems like a last resort if sitting together in the same office isn't a possibility. I've never had to collaborate with many people on a presentation, though, but I have used the chat on Google Docs with great success ... once or twice.
Thanks endergen! You're right, this isn't something that gets a lot of excitement in places like HN but it gets a ton of enthusiasm from our users. And yes, there is impressive technology under the hood.
I get the feeling that many of the ideas in Wave have diffused out into products/services like Google Docs and Google+ Hangouts. (Think of the live editing and internal chat features within Google Docs.)
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Stypi is phenomenal! Looking forward to the vim plugin. I see a tremendous number of use cases, especially as it starts to be integrated into more and more apps.