Facebook co-founder Dustin Moskovitz is starting a new startup called Asana to solve enterprise collaboration, and he just closed a $9 million series A round from Benchmark Capital and Andreessen-Horowitz. this follows $1.2 million angel round last spring from investors including Ron Conway, Peter Thiel, Mitch Kapor, MySpace CEO Owen van Natta, Sean Parker, and former Facebook Director of Mobile Jed Stremel.
Moskovitz, who was Facebook’s first CTO, founded Asana with another former Facebook (and before that, Google) engineer, Justin Rosenstein. Matt Cohler, also a former Facebook executive who is now a partner at Benchmark, will be taking a seat on Asana’s board. And two of its investors, Marc Andreesen and Peter Thiel, currently sit on Facebook’s board. → Read More
Chances are if you, or your spouse, is the type that gets excited about gadgets covered in Swarovski crystals, then you probably don’t care that Peter found the Olympus E-P1 to be just an average performer and nothing special. You also probably have the disposable cash to pay a $2,000 premium over the sticker price. → Read More
[France] Tablets are destined to be the next super trendy tech device. CrunchGear regularly reports on new devices that will be launched by PC or mobile manufacturers, and Apple will one day join the dance. Analysts have announced that the tablet war will take place in 2010 so we just have to be patient.
A French company called Unowhy, (which raised 2.9 million euros in April 09) is approaching the issue from another angle. They see the tablet not as a finality but as a way to offer new experiences. And that’s how QooQ was born: a cooking coach built into a tablet. It’s not about hardware, it’s not about software, it’s about content. Qooq will replace your cooking books, and bring you hundreds of recipes, tips and tools to help you become a master chef. → Read More
AOL may be brushing up its brand image in preparation for its spin-off IPO in December, but brushing up its underlying business will take a little longer. Barclays analyst Douglas Anmuth released a report on AOL today complete with an earnings and revenue model going out to 2014 (see below). He projects absolutely no growth in revenues over the next five years, and only a one-time bump in profits in 2011, due to cutting one third of its current labor costs, before declines set in again.
In other words, investors who buy AOL stock will do so because it is a cost-cutting and turnaround story not a growth story, and that will determine what kinds of investors will buy the stock. Anmuth outlines some of the key factors which investors should be paying attention to. → Read More
http://www.mevio.com/widgets/mwm/MevioWM.swf Here’s the latest HourTime podcast, my little side project with Ariel Adams. Note, there’s a special surprise near the middle of the show so take a listen. Remember, head over to HourTime to drop your comment. → Read More
Wanna know if there is a Mario-style dungeon under the outer layer of the huge Nintendo DSi LL? Spoiler: There isn’t. → Read More
Tokyo-based Cube Works, whose products regularly find their way outside Japan (example: the humping USB dog), has announced a mini Yoda figure (the little green guy from Star Wars) that you connect to your computer’s USB port. The power is needed to make Yoda’s cheeks blush and illuminate his light saber. → Read More
It stands to reason that a general purpose mobile computing platform, like the iPhone or iPod Touch, will engender a host of special purpose niche applications. Pet Acoustics is one such application: “Pet Acoustics music has been specifically designed for the hearing sensitivities of your pet, both in frequency, volume and rhythm to calm and soothe your pet anytime, anywhere.” This $1.99 app includes music for dogs, cats, and horses, and includes a timer feature for scheduled playback. → Read More
Internet commerce juggernaut eBay is unveiling a brand new iPhone application dubbed Deals today, alongside an upgraded version of its shopping app for the iPhone and iPod Touch platform and an enhanced mobile website. And there’s a good reason for eBay to bolster its mobile offering: the company says its mobile GMV (value of goods sold) via its iPhone app and mobile website (m.ebay.com) is on track to top half a billion dollars by the end of this year.
Impressive number, and that’s not the end of the story. eBay also shared that its mobile GMV is growing at a double-digit rate month-over-month, and that approximately half of its 750,000 unique mobile users per month are situated outside the United States. Another interesting tidbit: eBay says 1 item is purchased every 2 seconds through its mobile offering.
Earlier this year, eBay CEO John Donahoe told a conference audience that the value of goods sold through the eBay iPhone app alone would exceed $400 million, and that an upgraded version of the app was imminent. That updated app should now be available, and it gained a little brother, too. → Read More
Adconion Media Group announced this morning that it has acquired certain key assets from Joost, the ill-fated online video service started by the infamous Kazaa and Skype founders Niklas Zennström and Janus Friis. The terms of the transaction were not disclosed, but it’s likely a firesale that isn’t bringing any returns to Joost’s investors.
Last June, Joost announced a change in its business strategy to focus on providing white-label video platforms, and Adconion says it plans to pursue this strategy. Notably, Adconion recently announced its first long-term licensing partnership as the exclusive display and video ad-serving solution for the Goldbach Media Group in Europe. → Read More
[Germany] Several federal and regional government officials in Germany are trying to put a ban on Google Analytics, the search giant’s free software product that allows website owners and publishers to get detailed statistics about the number, whereabouts and search behavior of their visitors (and much more).
According to an article in today’s Zeit Online (poor Google translation here), multiple federal and state government officials charged with guarding over national data protection are convinced that Google Analytics is against the law in Germany and are mulling imposing fines on companies who use the service to gather detailed stats based on their website visitors’ usage patterns without the explicit consent of those visitors. → Read More
Japan’s biggest gaming magazine, the Famitsu [JP], has given Nintendo’s newest Mario game New Super Mario Bros. the highest honor in the latest issue. All four editors who tested the game gave 10 points out of 10, resulting in a perfect 40/40 score. → Read More
We all know social games are hot right now, and that’s as true in Russia – a large and growing market – as anywhere else. Now Russian online game developer Nival Network has closed a $5 million round from an undisclosed investor but will use the funds to develop Prime World, its online strategy game with social networking features aimed at the Russia and former Soviet countries.
Nival Network is currently majority owned by founder and CEO Sergey Orlovskiy. Software vendor 1C Group owns a 30% stake in Nival Network, reports Quintura. → Read More
Brussels-based Attentio, a startup that markets a robust software suite for brand monitoring and analysis of conversations that are happening in social media, has raised €525,000 (or $786,000) in financing from the city’s regional investment firm SRIB/GIMB.
The financing consisted of an equity investment of €400,000 and a loan of €125,000.
This brings the total of capital raised by the company to about €3 million, according to co-founder and CCO Simon McDermott, although this is the startup’s first round of institutional funding since its inception in 2004. → Read More
Something really, really bad went down at high flying startup Canopy Financial.
This is one of the high flying startups that had a lot of buzz the last couple of years. They’ve raised at least $85 million in venture capital with the help of an investment bank, Financial Technology Partners. Their most recent round, a reported $62.5 million, was funded by Spectrum Equity Investors.
Canopy debuted on the 2009 Inc. 500 List at #12 in terms of the fastest growing private companies in America.
In 2008 CEO Vikram Kashyap said his company had 2007 revenues of $9 million. More recently, we’ve heard, the company was saying they’d hit $60 million in revenue and $9 million or so in EBITDA.
All of this may have been lies.
Until recently all the venture capitalists involved proudly placed Canopy Financial on their portfolio pages. Now all trace of the company have been erased from the portfolio pages of investors GGV Capital, Spectrum Equity and Foundation Capital. And their investment bank has erased them from their trophy page as well. But here’s what these pages looked like very recently: → Read More
This is certainly something all museums should attempt; not only does it allow for easy browsing of the museum’s pieces, as you see here, but if correctly done it could have maps, lectures, and all sorts of other stuff going on as well. It’s pretty easy to get lost in a labyrinth like the Louvre or V&A, but a system like this could both put people where they want to go and get them to buy more prints and mugs. Can you say credit card reader? I knew you could. → Read More
We might be seeing the start of a new form of motorsport. Electric motorcycles have really been at the cutting edge of development recently, and it’s going to be really interesting to see exactly what happens. → Read More
For some time now, it has seemed like Foursquare was the only game in town. I mean “game” literally, as of the major location-based services, Foursquare seemed to be the only one really emphasizing gaming elements. But now Gowalla is starting to emphasize it more.
To be fair, Gowalla has had a sort of sub-game based around the dropping and picking up of items (basically, virtual goods) since the beginning. But in the latest build of its iPhone app which hit the App Store today, version 1.3, there are some new gaming aspects. The first is that items now have histories attached to them. This allows you to see who has had an item before you in a city. Looking over some of my items now, it’s actually pretty interesting to see that I know some people who have some of them before me. → Read More
There’s a bit of a kerfluffle at the moment over some of Best Buy’s holiday wishes. Well, I think this shows that they understand the true spirit of the season. Thanks, Best Buy. You’ve given the gift that keeps on giving, because it is imprisoned forever in the sunken city of R’lyeh. Ia! → Read More
Barcelona, Spain
New York City
San Francisco, CA
