Paul Graham may be the most public face of Silicon Valley startup incubator Y Combinator, but as the firm has grown so has its managing team. One of the first people to join YC as a partner besides its founders was Harjeet Taggar, an Oxford-educated entrepreneur who first came on the startup scene as the co-founder of Auctomatic, a company in YC’s 2007 class that went on to be acquired by Live Current Media in 2008.
Though he’s relatively young, once you hear Taggar speak for a few minutes you get why YC snapped him up as a partner… → Read More
Oracle’s Larry Ellison has acquired a reputation as a cloud computing opponent — after all, he famously called the term “complete gibberish” a few years ago. Today, however, he said, “I’m no longer resisting the name. Call it what you want.”
In fact, Ellison made it sound like he doesn’t get enough credit for starting the trend: “NetSuite was my idea. I called up Evan Goldberg and said, ‘We’re going to do ERP on the Internet.’” That, he said, was an early example of software-as-a-service, and Salesforce.com co-founder Marc Benioff (who has worked to tie his company’s identity to the cloud) copied the idea a few months later, but “in a narrow way.” (Apparently this got a smirk out of Benioff, who was in the audience.) → Read More
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NASDAQ had a choice. When its systems buckled under the titanic volume of Facebook IPO share orders, it could have pushed back trading a day, or at least recommended as much to Mark Zuckerberg and company.
But as the IPO’s scheduled time passed, NASDAQ made a cavalier decision to stumble forth on broken legs, pretending like little was wrong rather than halt trading as brokers asked. There seemed to be no plan for if things went wrong. An error-filled day of trading ensued, and confused investors pulled back. Financials aside, public perception is important for a public company. And when Facebook’s share price sunk, public perception went down with it. → Read More
John Doerr, the longtime partner at Silicon Valley venture capital stalwart Kleiner Perkins Caufield & Byers who is perhaps the firm’s most recognizable public face, has spoken out for the first time about the gender discrimination lawsuit filed against the firm earlier this month by partner Ellen Pao (news of which was first broken by TechCrunch last week.) → Read More
Once something is on the Internet, it’s typically pretty hard to delete it. Unless somebody retweets a posting to Twitter, though, a deleted tweet it is pretty much gone forever. With Politwoops, however, the Sunlight Foundation is now preserving these tweets for posterity. Politwoops follows all the 433 official Twitter accounts for members of Congress, as well as President Obama’s and Mitt Romney’s.
As Tom Lee, the director of Sunlight Labs, noted in today’s launch announcement, “in politics, Twitter is part of the ever-present ‘spin room’ of the digital age. But unlike other mediums, the record of events can be edited; tweets deleted from twitter.com are hard or impossible to see after the fact.” → Read More
Could Apple really be looking to end their longstanding affair with the 30-pin Dock Connector? It’s been a move that’s been rumored for years, and a job opening at Cupertino for a Connector Design Engineer adds a bit of fuel to that fire.
This person will be “responsible for managing multiple connector designs and developments in support of the iPod product lines.” It goes on to describe that this task will “involve adaptation of existing connectors or complete new designs.” It’s apparently important enough to Apple that they’ve got another, very similar listing on their jobs page.
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Answering a question at AllThingsD, Sean Parker confirmed that “there was some indication” that Apple tried to keep Spotify out of the U.S. market.
“There was some indication that that was happening,” Parker said, “It’s a very small industry in a lot of ways, certainly smaller than it was 12 years ago,” He joked.
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Earlier this morning at D10 KPCB analyst Mary Meeker showed a pretty definitive slide about the current state of the public markets with regards to tech companies. “The private market is in a bubble,” Meeker said, “We have a $1 billion fund, and didn’t invest once in Q1 because the valuations too crazy.”
The problem with these valuations is that public market investors are more skeptical, Meeker asserted bringing up the above slide comparing the IPOs of Facebook, Zynga, Groupon, Pandora and LinkedIn. Because of this skepticism their valuations are suppressed, almost all were trading at 20% lower than their initial IPO pricing, all except LinkedIn that is. The public market has taken kindly to the career focused social network, which is currently trading at $100 a share, 137% above its strike price of $32.
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Traditionally, dating sites like eHarmony and OkCupid follow the same format. You input your info, browse through all the thumbnails accompanied by A/S/L, and send out a barrage of flirty messages. Then you wait. Maybe you’re hit with some match-type options, but for the most part it’s a lot of browsing/messaging. But a new crop of online dating services have found interesting ways to approach the space, not least of all MiniDates – Time2Meet.
MiniDates joins Cheek’d and Coffee Meets Bagel in pushing a real-life connection much harder than a virtual one, by simply scheduling dates (or MiniDates) for you based on your schedule and suitor preferences. No messaging, no browsing, just a real-life blind date at a neutral, public location. → Read More
Well, that was quick. The news of an impending Flipboard Android beta only began making the rounds earlier this morning, and now the Flipboard team has opened up the beta process to anyone interested in taking the plunge.
Users interested in taking the pre-release version of the app for a spin can mosey over to Flipboard’s Android landing page, where they can sign up for the beta and wait patiently to receive a download link in their inbox. The confirmation email mentions that the waiting period could stretch up to 24 hours, though we’re hearing that plenty of people are receiving their download links without too much of a delay. → Read More
Screenwriter Aaron Sorkin offered some early thoughts today on the movie adaptation of Walter Isaacson’s biography Steve Jobs, which he has signed on to write.
Sorkin was speaking at the D10 conference, and it sounds like he hasn’t actually written any of the screenplay yet — he said the initial stages of the process will look at lot more “like watching ESPN.” → Read More
Mary Meeker’s annual Internet Trends report is usually full of good stuff and this year is no exception. We already covered her comments about mobile monetization and the Facebook IPO, but one of the most interesting sections of her presentation were her thoughts about the future of the Internet. In her view, technology has already allowed us to re-imagine everything from book to news to note taking to crime awareness. Still, according to her, “we are still in spring training” and “the magnitude of upcoming change will be stunning.” → Read More
It’s midnight before your final exam and you need help. Do you know where your tutor is? InstaEDU, says a $1.1 million seed round from former Facebooker Chamath Palihapitiya’s fund The Social+Capital Partnership and several angels. Stumped high school and college students pay InstaEDU by the minute to video chat with tutors from top universities at any hour of the day. InstaEDU will use the seed to grow its team and build critical features like advanced scheduling.
Co-founder Alison Johnston was the community manager of on-demand Q&A service Aardvark which was acquired by Google. With plenty of students and their parents happy to pay to get into a great school or job, now she’s bringing the same satisfaction of instant answers to the lucrative tutoring space. In fact, 55% of student-tutor matches are made in under a minute and TechCrunch readers can get a free trial of InstaEDU at the end of this article… → Read More
Big data is not only hot in the startup world but also in the university. Stanford, with its intimate access to Silicon Valley is most readily associated with the study of big data. But UC Berkeley, the other great university in the Bay Area, is hot on Stanford’s heels in terms of making sense of our new data driven economy. And later this week (May 31-June 1), Berkeley is hosting a conference about big data entitled Data Edge which promises to explore many of the most interesting questions about defining, understanding and extracting value from big data. → Read More
Google scored an important win over Microsoft a few weeks ago when it won a $35 million U.S. government contract to bring its cloud-based office solution to the Department of the Interior. Microsoft’s legacy solutions, of course, remain a staple in government offices, but as more and more agencies want to move their productivity and collaboration services to the cloud, Microsoft is running the risk of losing out in this lucrative market. Today, however, the company is launching a new service that should give more of its government customers, which tend to have very strict data security and privacy regulations, the option to move to the cloud. Microsoft’s new Office 365 for Government is, in the company’s own words, “a new multi-tenant service that stores US government data in a segregated community cloud.” → Read More
It seems the much-rumored Google Nexus Tablet is nearing release. Citing Basemark benchmarking reports, the device is supposedly codenamed Grouper, running Android 4.1 (Jelly Bean) and employing a 7-inch, 1280 x 768 display powered by a 1.3GHz quad-core Tegra 3. If true, this means the upcoming tablet will likely lack 4G wireless connectivity since Nvidia’s latest SoC is incompatible with current 4G chipsets. Without 4G, and since this is a forward-thinking Nexus device, it’s safe to say that the tablet will lack a data wireless radio of any sort and will instead ship with just WiFi.
Besides, even without the compatibility issues (which might be resolved), Google will not be able to launch a wireless-enabled tablet at a Kindle Fire price. They can’t in essence eat their Jelly Bean and have it too. → Read More
The women’s liberation movement once taught ladies to cast off their bras in solidarity and empowerment; now a new startup, founded by two women, is inverting that formula to make sure that when you put it back on, that bra fits like a glove.
True&Co is launching an online bra fitting service and shop that takes a very traditional (and tedious) process — finding bras you like that actually fit well — and makes it quick and kind of fun, and it is doing it with $2 million in seed funding from a great list of investors: First Round Capital, SoftTech VC, Aileen Lee, Softbank Capital and former LinkedIn executive Ellen Levy. (Lee’s investment comes from her new, yet-to-be-named seed fund, True says.)
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ShareMyPlaylists was the first site to allow the sharing of Spotify playlists (launched 2009). It’s now relaunched its music discovery Spotify app based its 91,000 hand-curated playlists. The site competes with the record label Spotify apps like Digster (from Universal Music) and Filtr (Sony Music) but its advantage is that it allows music from all labels and allows user generated content – something the labels get nervous about. → Read More
Wrike is hoping to expand its audience today with the launch of a free version of its project management tool.
Wrike says it already has 2,000 customers including Accenture, Stanford, and Ticketmaster, but until now, the cheapest pricing level was $49 per month. Even though releasing a free version is an obvious way to get more people to try the product, CEO Andrew Filev says he approached the “freemium” model cautiously, to ensure that Wrike didn’t end up “cannibalizing” any of its sales. → Read More
Mark Pincus took the stage today at D10, and of course because Facebook is all people can talk about after its IPO two weeks ago, he got asked and asked and asked again about Zynga’s “attachment to Facebook.”
“Zynga is very tied to Facebook,” Kara Swisher brought up immediately, describing the two stocks as “tethered together.” Indeed, Zynga makes up 15% of Facebook’s revenue, and Facebook makes up most of Zynga’s. → Read More
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