Yuri Milner, the CEO of Russian investment and operating company Digital Sky Technologies, had quite a 2009. I had a chance to sit down with Milner today at the World Economic Forum in Davos, Switzerland for a short video interview.
The company now holds substantial equity in two of the hottest pre-IPO startups, Facebook and Zynga. And their innovative way of structuring deals, where they buy both preferred stock from the company and common stock from employees, is becoming the hot new way to invest in startups. In fact, people are now referring to “DST-style deals,” even where DST isn’t one of the investors. See Yelp, for example.
Watch the interview below: → Read More
Sharp, the biggest (in terms of market share) of all eight major Japanese cell phone makers, has been talking about internationalizing its phone business for quite some time now. It makes sense, as the domestic market is shrinking and as Sharp only sold 20% of all their cell phones outside Japan (1.6 million units) last fiscal. → Read More
The Receivables Exchange, an online marketplace for real-time trading of accounts receivable, this morning announced that it has closed $17 million in Series C financing led by Boston, MA-based Bain Capital Ventures.
This third round of financing brings the total invested into the company to just south of $30 million. → Read More
Jason Calacanis isn’t a a nobody. He’s a serial web entrepreneur, founder of Weblogs, Inc., co-founder of TechCrunch50 and CEO of search engine Mahalo (amongst others). And just a few minutes ago, via his Twitter account, he (possibly) dropped some major hints on the Apple tablet that’s going to be presented tomorrow. Calacanis claims he has been given a tablet by Apple ten days ago, adding “For background: apple asked me to do press tomorrow on cnbc, cnn, etc.”.
If he isn’t pulling a major PR stunt (I think he isn’t), Calacanis is stoked. Here’s the gist of what he says about the device. I know many of you are sick of hearing about it, and this may turn out to be totally false info tomorrow – but what he said seemed just too interesting.
Editor’s Note – Serkan has been beaten. There is nothing to see here. → Read More
Fair warning, this is probably a fake – we all know that people love to prank the night before an Apple event. Some suspected pictures of the iPad have shown up on the net, but it looks fishy to me. → Read More
Chinese search leader Baidu and Rakuten, Japan’s largest e-commerce player, have announced an agreement to jointly invest US$50 million over three years in a joint venture to build a huge online ‘B2B2C’ shopping mall for Chinese Internet users.
Under the terms of the agreement, Rakuten will become majority shareholder of the new, yet to be named joint venture (51%) with Baidu owning the remaining 49%. → Read More
Each year the World Economic Forum at Davos holds number of technology focused sessions. Last year I moderated a high profile discussion about the next digital experience. This year, Loic Le Meur is hosting a discussion on the growth of social networks.
Participants include Reid Hoffman (LinkedIn, Greylock), Owen Van Natta (MySpace), Gina Bianchini (Ning), Evan Williams (Twitter) and George Colony (Forrester Research) and Don Tapscott (nGenera). Randi Zuckerberg, Jeff Jarvis, Russian super-investor Yuri Milner and others also dropped by to participate.
The room is packed, standing room only, and bursting at the seams. These guys are popular in Silicon Valley. Bring them to Davos, Switzerland and everyone wants to hear what they have to say. → Read More
Good for GM. I don’t just congratulate them on a strict “buy American” level, but the decision to break off from the pack and both design and build the next generation of electric engines is a good one. Of course, there’s the question of whether they’ll be using Panasonic batteries and other Japanese parts. They’re still pretty much cornered in some of those areas. But hey, we’ll take what we can get. → Read More
Jimin-with-the-big-FLAC-collection and I met with one of the SteelSeries guys today. It’s funny: you think you understand where a company’s coming from, but then you sit down and actually talk to them and it’s like, “Wow, OK, you guys are pretty cool.” So to the people who will walk out of Sunday’s Grammy Awards with one of those fancy gift bags you always hear about, I can say this: you’ll probably enjoy the SteelSeries headphones you find in there. → Read More
Olympus is announcing.. something.. soon. We think. It kinda looks like a camera. But it might be fingernail clippers, or perhaps prosthetic hands. We’re not sure. → Read More
Short version: Iomega has been making storage devices for years, and it shows. I’m a fan of NAS hardware and technology, and Iomega has created a product that not only stores data, but has enough value add to make it stand out from the dozens of other black boxes for storing your data. → Read More
So very true. [Slate via Daring Fireball] → Read More
To me, geo-tagging in photography hasn’t really held much interest. Sure, it’s helpful when you see someones work that you admire, but generally I’ve always felt that it was kind of silly. TeleNav is looking to change that, through the use of a device that will show you images to places in your area that have been tagged. → Read More
Are we still expected, in the year 2010, to pay $20 plus $8 shipping for a Snuggie? And another $8 shipping for a second bonus Snuggie? NO! Show the fat cats at the Snuggie conglomerate that you’re onto their little ruse. Take a big piece of fabric – any fabric you want! — cut some arm holes, and sew some arms onto the arm holes. → Read More
Here we are, on the eve of the Tablet’s unveiling, with only hours to go before we find out just how ambitious Apple’s latest creation is. Countless articles have been written about how the forthcoming Tablet could be the savior of old media. Supposedly, people will finally start paying for this content because it will be readily available at their fingertips. But the promise of the tablet does not lie in immediate access to content; the Internet can already do that, as can the Kindle, to some extent. The true revolution lies in the new medium the tablet will give us. Four months ago Dan Lyons, writing as Fake Steve Jobs, totally nailed it:
New technology spawns new ways to tell stories. That’s the really exciting thing here. Not the tablet itself, but what it means for news, for entertainment, for literature. Gasp. Geddit? Is the f***ing light going off yet? This is what Anton Chekhov meant when he said that the medium is the message. This is why the Tablet is so profound.
I’m getting this for my dog. He’s soooo dramatic. He hears people screaming, he barks. He hears a gunshot, he barks. He hears explosions, well you get the idea. → Read More
Does the world need another Mortal Kombat movie? No, probably not, but that won’t stop Hollywood from attempting to exploit a license that was last hot in 1994. Word on the street is that Warner Bros. wants to, yes, “reboot” the series. (Note: You cannot reboot a dead computer, so I don’t know if it’s possible to reboot a dead movie franchise.) To that end it has hired Oren Uziel to write the script. You’ve probably never heard of Uziel, but he wrote Shimmer Lake. You’ve probably never heard of that, either. → Read More
Remember the BigTrak? It was a six-wheeled tow with built-in memory that allowed you to program various moves – forward, back, left – and then play them back. If you’re thinking to yourself “What fun is that?” then you were probably born after 1980 and expect all your toys to have native intelligence. Back when us kids were kids, this kind of stuff stuff was high tech considering most of us had little more than rocks and sticks during the Carter administration. → Read More
Back when we were at CES, we were given a case of MagicJacks to give away to contest winners and the like. After scratching our heads about about what to do with them, we threw the question out to you, our valued readers. Based on your suggestions, we found a new home for the entire case of the things. → Read More
