The three Samwer brothers (Oliver, Marc and Alexander) founders of the Rocket Internet incubator in Berlin, are a phenomenon. They are far and away the most successful Internet entrepreneurs in Germany. They have launched and exited at least six major startups since the late 1990s, from ebay clone Alando (€48m to eBay), Jamba (€228m), StudiVZ (€85m), MyVideo (€27m), BigPoint (€100m), and the latest, Groupon clone CityDeal to Groupon for an estimated €750m in cash and shares. And yet they remain famously publicity shy. I personally have asked for an interview since at least 2009. So when I was offered the chance to interview Oliver Samwer – considered by many to be the heart of the operation – I jumped at it. Once a year he or one of his brothers journey to the annual business school conference IdeaLab, aimed at budding entrepreneurs. It’s there that Rocket Internet famously recruits its next generation of startup CEOs for their startups – often companies which greatly resemble the business models of US startups, like Wimdu, which mirrors AirBnB.
The young student organisers of IdeaLab faithfully checked and re-checked that Oliver would do an interview. Today I got up at 5am in London to get the flight over to Frankfurt, then drove 100 miles to the small management school, WHU where IdeaLab is held.
But when it came to it I had 5 minutes 14 seconds with the Rocket Internet guru, much of it walking after him out the building as he repeatedly refused to conduct an actual interview. → Read More
The continually increasing size of hard drives means we can all store more pictures, music, games, and so on, but as with the transistor counts in Moore’s Law, those increases don’t come easy. Companies like Toshiba, TDK, and Seagate are forever looking into ways to increase the number of bits they can store inside a drive. It’s already an astounding amount, but they always seem to find a way to improve it further.
Today’s advance comes from Singapore’s Institute of Materials Research and Engineering, where Dr Joel Yang has figured out a way to fit several times the number of bits in a given area. The secret? A little salt in the mix. → Read More
This week startup contests at Startup Weekend Poznan, E-nnovation and Startup Fest have been keeping entrepreneurs and investors out of the office. For some it may appear unproductive but for Chris Kowalczyk, the founder of HardGamma venture fund and an accelerator called GammaRebels, startup competition is another form of dealflow.
Today Kowalczyk and other investors were judging presentations at the Startup Fest, openly exchanging their opinions in tweets and cheering for the best pitches, instead of keeping the deals private to fend off the competitors.
The competition to find and fund promising companies is indeed increasing in Poland. → Read More
This summer, at the prestigious Edinburgh International Book Festival, the prize winning Scottish writer and filmmaker Ewan Morrison made a highly controversial speech about the death of the traditional author and the book. Indeed, Morrison’s speech made such a stir in Europe that I invited him onto TechCrunchTV to familiarize our global audience with his controversial views.
The unvarnished Morrison didn’t disappoint. Arguing that the Internet is a “model for extreme American capitalism”, he told me that today’s high quality book and author are being killed by three forces: Google, Amazon, and the consumer. While Morrison’s Google and Amazon arguments have been made before by a number of critics (including myself), it is his critique of the online consumer that is likely to be most controversial. But is he right? Could it really be possible that it’s the online consumer – with his or her insatiable appetite for free or very cheap content – that is killing our culture?
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Erick and John take the iPhone 4S and its built in voice activated personal digital assistant Siri, for a spin in this episode of Fly or Die.
Right off the bat Erick says he is impressed with reception he receives when using the iPhone 4S and points out how the iPhone 4S streamlines notifications from various sites (Twitter, Foursquare, Instagram) by having them scroll in one fluid stream. Erick also demonstrates how Twitter is integrated into the phone (with sound effects) before having Siri set up a meeting for him and Biggs. → Read More
Most people reading this website will not be surprised to hear that the era of film is coming to an end. Even those of you who, like me, spent days in darkrooms perfecting your dodge technique, are likely unruffled at the notion. But in Hollywood film has been clinging tenaciously to life, if only out of a sort of traditionalist inertia. But this last year was marked by a sort of quiet final surrender by the film cadre: Arri, Panavision, and Aaton have all ceased production of film cameras. These companies have been driving the film industry for decades, and for them all to throw in the towel at once suggests that the end truly is approaching.
The story of the last few years of film is told extremely well in Debra Kaufman’s article at Creative Cow, which touches on the many people and industries which film moviemaking has both relied on and contributed to. To call its end a tragedy would be a sentimental overstatement, but the world rarely moves on without leaving some things behind, and it’s good to acknowledge that. → Read More
The Daily Mail and General Trust which owns The Daily Mail and other media interests is to planning to merge the online property business of its Digital Property Group consisting of FindaProperty.com and Primelocation.com, with venture-backed property startup Zoopla.
Under the proposed merger, A&N Media (the consumer arm of DMGT) will retain a 55% interest in the newly merged entity. Shares in DMGT were up following the proposal.
In 2009 Zoopla closed a £3.75 million round of funding from venture capital firms Atlas Venture and Octopus Ventures taking its total raised to £5.5m. → Read More
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