I get asked a lot why Instagram is so popular. It might be because we just threw the first iPhone photography conference, 1197, or because I allegedly run a company that studies and designs interfaces. It could also be the world of photography is changing so fast that lots of us nerds are talking about how a tool like Instagram can pass 10 million users in 355 days. The interface implications are fascinating, the company and technology dynamics of serving content to 10 million users with less than ten employees are fascinating, the artistic content is fascinating, and the reasons why people like me are so addicted to the damn thing are fascinating. Here’s a crack at why, since I think some other attempts haven’t quite captured it. → Read More
Editor’s Note: Guest contributor and early TechCrunch writer Steve Poland (@popo) currently is exploring raising a fund to join the “overcrowded” early stage investment market. His last contribution was The New Early-Adopter Addiction: Turntable.
Last week at David Kirkpatrick’s Techonomy conference, Sean Parker said “Little startups are ridiculously overfunded. The market is ridiculously overcrowded with early stage investors. This results in a talent drain, where the best talent gets diffused and work for their own startups.” VC Jim Breyer added, “And it will end very badly.” → Read More
Like putting a donk on it, it seems like every new website needs to have a daily deal. Take Curisma, for example. On the surface it’s sort of an Oink-like website dedicated to the curation of cool products. Underneath, like a the cowbell in Don’t Fear The Reaper, is a daily deals site. Luckily, the curation of Curisma is far more interesting than the daily deal, which just might save this start-up.
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Classify this as a rumor for now, but Israeli business press is reporting that Akamai is poised to take over one of its competitors, website and mobile acceleration technology vendor Cotendo, for $300 million to $350 million. Founded in 2008, Cotendo has raised over $36 million in funding from investors like Sequoia Capital, Benchmark Capital and Tenaya Capital.
A few months ago, Cotendo raised $17 million in new funding from its previous backers, with Citrix Systems and Juniper Networks stepping in as strategic investors as well. Other strategic partners include Google, AT&T and Sumitomo Corporation. → Read More
Remember, R.I.P Good Times, the Sequoia slide deck in 2008 warning its portfolio companies to batten down the hatches and “spend every dollar as if it were your last”? Things aren’t yet quite as dire as the last time the economy tailspinned into recession, but a number of factors are making some startup investors wary. “I think 2012 will look more like 2008 than 2011,” warns First Round Capital’s Josh Kopelman. His pace of investing has not slowed down. He’s just being realistic.
Speaking to other early-stage investors recently, I get the same sense that the froth (dare I say “bubble“?) of the past 18 months is coming to an end. Many VCs (and founders) have been feasting, and now it might be time to take a breather. The number of seed-stage fundings is outpacing series A fundings. And whether you consider this a Series A Crunch or not, many more seed stage companies got funded over the past 18 months than previously and many more will subsequently not continue to get funded when it comes time for a series A. → Read More
It’s not hard to love Mario. He’s had his ups and downs – what, for example, was the deal with Paper Mario? And Super Mario Strikers was pretty hard to love – but darn it if the little guy doesn’t keep coming back for more and keeps you, at the very least, entertained.
Super Mario 3D Land is the latest in the Mario saga. The story is fairly typical – something was stolen (a lot of leaves) and Bowser took Princess Peach. Your mission is to find the leaves (which are special and give you the Tanooki suit) and then find Peach. What you go through to find her, however, is where all of the fun comes in.
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On Thanksgiving, Pinterest’s co-founder Ben Silbermann sent an email to his entire user base saying thanks. It was fitting, as Pinterest was born two years ago on Thanksgiving day 2009. Ben had been working on a website with a few friends, and his girlfriend came up with the name while they were watching TV. Pinterest officially launched to the world 4 months later.
Some startups go crazy with hype and users right after launch. And some don’t. I don’t know the founders, but I thought I’d take apart Pinterest’s story to discuss growth and virality in consumer web startups. Pinterest was not an overnight success. On the contrary, its growth was surprisingly modest after Turkey Day 2009.
Take a look at Pinterest’s one-year traffic on Compete from Oct 2010 to Oct 2011, which is the picture in this post, and shows Pinterest rising from 40,000 to 3.2 million monthly unique visitors. I took both ends of this chart and estimated monthly compounded growth over Pinterest’s lifetime, then interpolated the curve using constant growth and put the results in this Google Spreadsheet. → Read More
When the term Cyber Monday was coined in 2005, the Monday after Thanksgiving was the 12th biggest online shopping day of the year. That year, Facebook had 5.5 million users and Twitter didn’t exist. In 2010, Cyber Monday was the #1 biggest online shopping day of the year, with sales topping $1 billion. I believe the growth of social media and the importance of Cyber Monday are correlated because peer -to-peer sharing of deals and owned marketing channels like Facebook Pages and Twitter accounts are bringing promotions directly to where users spend their time online. → Read More
Mobile is growing as a medium for ecommerce, with users sourcing deals from their phones and tablets before visiting physical stores according to a new study by Usablenet, The company which powers mobile sites for 100 top U.S. retailers including JCPenney, Aeropostale, and REI tracked 180 million page views and 1 million mobile users over Thanksgiving and Black Friday. It saw mobile traffic to its clients was up 60% from the same period last year, with Thanksgiving sending more traffic than the following day. Usablenet also found that iOS devices accounted for 42% of the traffic, trumping Android, and trouncing the tiny traffic from Windows and Nokia devices. → Read More
Over the last month, Charles Stross memorably called the online influence measurer Klout “the internet equivalent of herpes,” Rohn Miller of Social Media Today exhorted people to “Delete your Klout profile now,” John Scalzi lambasted it as “sad, and possibly evil,” the New York Times wrote about parents’ outrage when they discovered Klout was autogenerating accounts for minors, Flout caustically mocked them with the insincerest form of flattery, and perhaps most damning of all–it’s one thing to be controversial, another and far worse to be irrelevant–our own Alexia Tsotsis convincingly argued that “Nobody Gives A Damn About Your Klout Score.”
Why all the hate? Stross cites privacy violations, but it can’t be that alone which inspires such vitriol. As Mathew Ingram points out, “it’s hard to see why Klout should be criticized for collecting information about people based on their public web activity.” Scalzi gets more to the heart of things: “Klout exists to turn the entire Internet into a high school cafeteria, in which everyone is defined by the table at which they sit.” Oh noes! It’s an online popularity contest! Stone them!
Let me offer a different take: Klout, as flawed and clumsy as it is–and I’ll admit that in many ways it’s a terrible service–is an admirable pioneer, a first innovative step in an important direction. → Read More
We’ve heard endlessly how “social” will eventually disrupt and transform old, stodgy industries, perhaps even reinvent them for the better. The promise of this change, of course, is often tempered by the reality that, if indeed this stuff actually happens, it will take time and we’re currently in the early stages of the game.
And when it comes to travel, one of the most heavily regulated industries, while disruption and transformation would be music to travelers’ ears, change won’t come fast. There are a number of reasons travel has become more of an onerous task (thank you, TSA), yet consumers continue to brave the elements to happily trot around the globe. → Read More
Thanksgiving brought record online retail sales for the holiday, with spending up 39.3 percent over Thanksgiving 2010. And today, IBM Coremetrics data shows a 24.3 percent growth in online sales on Black Friday compared to the same period last year.
Mobile traffic on Black Friday was 14.3 percent of all retail traffic compared to 5.6 percent in 2010. Sales on mobile devices surged to 9.8 percent from 3.2 percent year over year. As we saw with PayPal stats from Thanksgiving and Black Friday, mobile shopping volume is increasing by over 500 percent this year.
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Being from Jordan and having visited Silicon Valley on a number of occasions, this visit (along with others) continue to show how the realities of the Valley stand in stark contrast with what an emerging world founder, particularly in the Middle East and North Africa, face to start and scale a Web business.
I believe the lack of a well-developed ecosystem (funding, mentoring, risk culture, lawyers, human resources) puts the burden tenfold on the entrepreneur in the emerging world. In many cases, foreign entrepreneurs have to do ten times the lifting of an American startup — for a much longer period of time to boot — in order to succeed. → Read More
Here are some recent posts on TechCrunch Gadgets: → Read More
The idea that social commerce is the next big thing in marketing has been floating around for a while. K5 Advisors-backed startup Sellaround think that it’s inevitably the “next big thing”. The Stuttgart headquartered company allows its clients to create social selling widgets that can be embedded essentially anywhere across the social web, making them a portable mini-shop.
The key to this widget idea is that the purchasing process is incredibly simple. Since Sellaround partnered with PayPal earlier this year, buyers in essence pick and pay with a few clicks directly in the widget. It’s as quick and easy as online shopping has to be to get the attention of browsing users.
From a seller aspect simplicity strikes a chord as well. To build a widget sellers use an uncomplicated widget wizard. After picking whether you are using it for B2B or C2C product, you can edit the product details, shipping information and pricing, add a few pictures and you are ready to go. → Read More
Iovox is a startup specialising in something known as VaaS (Voice as a Service). Their telephony platform allows companies to build services on the telephone network that do real-world, heavy-lifting style jobs which normally require call centres. Companies which have taken on the service include News International and many others.
I went over to their West London offices (yes, not all startups in London are in the East, incredibly), to check out the legendary guitar playing skills of CEO Ryan Gallagher in our TechCrunch Europe version of TC Cribs. Maybe next time we should do a duet. → Read More
Want to be notified to turn on the AC when a room reaches a certain temperature? Or when your laundry’s done? Well MIT Media Lab alumni Supermechanical have built Twine, a sleek 2.5″ rubber square which connects to Wifi and allows objects to “communicate” under certain conditions.
The Twine, which reminds me of a Square from a design simplicity perspective, comes with a web app, ‘Spool’ which allows you to program its sensors with natural language rules like “When: accelerometer is at rest, Then: Tweet” in the case of the laundry done thing, for example. → Read More
In a charming interview with Forbes Magazine, Microsoft’s Craig Mundie discussed future products at Microsot, including the success and plans for the Kinect as well as their mesa para computación, the Surface. → Read More
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