If the rumors pan out, Apple’s next MacBook Pro line will set the notebook world ablaze with a thinner chassis, USB 3.0 and a 15-inch high-resolution, so-called retina display. Of course it would pack the latest Intel silicon with rumors and logic pointing to an Ivy Bridge chipset. Sounding a different from the long-rumored 15-inch MacBook Air, this model, if it really exists, seems appropriately equipped with impressive hardware to retain the Pro designation and lead Apple’s charge against the onslaught of so-called Ultrabooks. → Read More
It’s been a year since E la Carte launched its customized tablet for restaurants, which brings menus, wine lists, nutritional info, play-while-you-wait games, and payment options tableside, and now the company has new numbers to reveal. This time last year, there were around 20 restaurants using the tablet; today there are now over 600, including national chains Pizzeria Venti and Umami Burger, as well as Faz Restaurant Group in the San Francisco Bay Area and Classic Restaurant Concepts in Boston. In total, there are around 20,000 tablets in 20 U.S. states, and seven countries worldwide.
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As the software-as-a-service market continues to mature, there are companies emerging that are targeting specific sectors within the enterprise with solutions especially tailored and priced for them: the latest of these is InsightSquared, which has announced a Series A round of $4.5 million for its a business intelligence platform aimed specifically at small and medium-sized businesses.
The round was led by Atlas Venture, with participation also from NextView Ventures and new investors Bessemer Venture Partners and Salesforce.com. This brings total funding in the company since February 2011 to $5.5 million.
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At a very fundamental level, the venture capital business is being reshaped. Speaking to a crowd at the Grind work space in New York last week, Fred Wilson addressed this ongoing shift, saying, “there’s two times as much capital in the venture capital business today than we, the professional investors who make up the venture business, can actually put to work intelligently.” Bad for VCs, Wilson says, but good for entrepreneurs.
Of course, the fact of the matter is that the top investors are custodians of an equally valuable currency — information. With the noise and hype growing, it’s becoming even more essential to understand what it is about the anatomy of startups that makes them appealing to the right investors — or perhaps more importantly — why some of the best fail in spite of themselves.
In a new book, called Venture Capitalists at Work, Tarang and Sheetal Shah set out to provide entrepreneurs with real insight into how some of the top investors in the game evaluate, invest in, and mentor their startups — information that can be extremely powerful if put to use correctly — and that has thus far remained, they say, in a “black box.” → Read More
According to the Kickstarter API blog, a bug caused 70,000 unlaunched projects to be publicly visible over the weekend, allowing folks to see goals, funding plans, and descriptions on projects that haven’t yet appeared on the site. Of the 70,000, visitors only viewed 48.
The bug exposed no financial information. → Read More
What does it mean when Facebook says it has 901 million monthly active users on its network? According to figures out from the International Telecommunication Union, it effectively signifies that Facebook is the world’s largest social network by a very long shot. The ITU says in a new report that that the number of people using all social media services have passed the 1 billion mark. That is just 100 million shy of Facebook’s usage figure, giving Facebook a 90 percent share of all social networkers.
In contrast to the very biggest players of all — Facebook (900m+ users), Twitter (200m+ users) and LinkedIn (120m+ 150m+users) — the rest of the playing field is heavily localized, with services like QQ in China, Vkontakte in Russia, Mixi in Japan, and Google’s Orkut in Brazil, India, and Paraguay among those competing in the space, the ITU notes.
The ITU, which is focused on telecoms regulation, flags social media in its report as an area of growing scrutiny for telecoms regulators: not only are social networks becoming more ubiquitous, but services like Facebook are becoming communications mediums in their own right, with voice and text offerings that go head-to-head against similar services from carriers.
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Mobile carrier NTT Docomo today announced a move in its strategy to grow its content business outside of its traditional base of Japan: it issued a tender offer to acquire Buongiorno, a mobile content company based in Italy, paying up to ¥24 billion ($300 million) for the assets.
Docomo notes in a statement that the acquisition would be made by its Germany-based subsidiary, Docomo Deutschland, and that Maruo del Rio, Buongiorno’s majority shareholder and chairman with 20 percent of Buongiorno’s stock, has already agreed to sell his stake to the carrier. The deal would see Buongiorno become a subsidiary of NTT Docomo.
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Zynga has done a small acquisition of Wild Needle, a female-focused casual games company that was backed by Playdom co-founder Rick Thompson.
Wild Needle was raising funding back in late 2010 to build casual, mobile games for women and closed a round with Thompson and Shasta Ventures. They didn’t release their first title until more than a year later in March (which is a pretty long time to be building a casual, freemium game). It was called Shoptown Hero and it looks like it lasted in the store for about a month before they pulled it two weeks ago (see chart below). → Read More
With $450K behind it in funding, Israeli-based Qmerce is helping business large and small add social games to their communities, particularly on Facebook.
The premise behind Qmerce’s value proposition isn’t new. That is, branded social games aimed at driving user engagement via rewards, achievements and consequently, loyalty.
With over 40 customers to date, including Crocs and Pizza Hut (the Israeli franchises), and 300,000 games played, it looks like this upstart might be going somewhere. → Read More
Livebookings, the restaurant booking and marketing service that competes with services like OpenTable, is announcing today that it has picked up another $24 million (£15 million) in funding to continue growing its business in Europe and beyond. The news highlights two trends we’ve seen emerging recently around here: companies dedicated to eating out are not going hungry in the current economic climate; and the more local, European counterparts to U.S.-based tech companies are getting a lot of attention from investors and consumers.
Today’s round of funding, Livebookings’ fourth, is being led by existing investors Balderton Capital, Wellington Partners and Ekstranda and takes the total amount raised by the company to about $62 million.
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Did you hear that 2012 is the year of the assistant? It’s clear: Siri was only the beginning.
Today, assistants can do my bidding for a bunch of transactional, task-oriented use cases, saving me a few precious steps along the way. In the future, assistants will be capable of doing more and more non-trivial things. And, Norm Winarsky is right — Siri isn’t one assistant to rule them all. We’ll soon have a cadre of specialized software agents at our side. → Read More
When I talk to my friends who are not currently at startups, or the Silicon Valley, the perception is that VCs and individual investors are throwing around investment dollars like drunken sailors. Outsiders think that there is a bubble, and that any company with two engineers and an idea will get funded (though there is some truth to that in certain cases).
The reality is, competition has never been fiercer for startups, especially at the seed stage, to close a round. The pendulum may have swung for Y Combinator companies, but not everyone else. → Read More
Very rarely do we see gaming startups launch on the rather limited platform of SMS. Mobile games are all about the graphics, the functionality, and the ability to leverage the very best of technology through an app. But StrayBoots, a real-world scavenger hunt via text, has managed to generate $200,000 in revenue over the past 12 months, with nearly 50,000 paying customers.
Oh, and did I mention that it’s all through SMS? → Read More
This post is the third part of a three-part primer on convertible note seed financings. Part 1, entitled “Everything You Ever Wanted To Know About Convertible Note Seed Financings (But Were Afraid To Ask),” addressed the basics. Part 2, entitled “Convertible Note Seed Financings: Econ 101 for Founders,” addressed the economics. This part will address certain tricky issues. → Read More
Some people just love Google+ and others just hate the company’s efforts to create a social network and a social layer across all of its services. Google itself seems to be pretty happy with the results it is getting from Google+ so far – or at least that’s what the company is saying publicly. No matter your overall feelings about Google+, though, Google’s new native Google+ app for iPhone is worth a look, especially because it’s hopefully just a first glimpse at what more of Google’s mobile apps will look like in the near future. → Read More
Well, after days and days of nothing, suddenly things are moving at a fast clip. After news came out just hours ago that Thompson might be leaving the company tomorrow, moments ago Yahoo officially confirmed the news, as we reported earlier: Ross Levinsohn is now interim Chief Executive Officer, replacing Scott Thompson, and Fred Amoroso is chairman of the board.
Scott Thompson’s departure and the reasons for it are not mentioned at all in the statement, which simply says he has left the company. (Earlier a report in AllThingsD had said he would resign for personal reasons, although at least in this statement nothing at all is mentioned for why he has left.)
The announcement from Yahoo also underscores how activist shareholder Third Point is very much a key player in all of this.
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We’re still confirming the news with Yahoo but AllThingsD’s Kara Swisher is reporting that as of tomorrow, Scott Thompson will be leaving his role as CEO of Yahoo, and getting replaced, on an interim basis, by Ross Levinsohn, currently the global media head. Update: Thompson’s now officially out and Levinsohn’s in. Read the updated report here.
Thompson’s position has been mired in controversy since news broke the other week that he had lied about his qualifications — and that situation seemed to be going from bad to worse as the company failed to act on the news in any significant way — and Thompson remained in control. Some may even find the method in which he is finally going unsatisfactory: the company will apparently cite “personal reasons” for his departure, according to AllThingsD.
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These Fraunhofer microprojectors are still quite a ways off from being implemented into real phones, but the technology is certainly interesting. Based on an insect’s compound eye, the projector is a wafer of tiny LEDs that can twist and turn depending on position. This means there is no “keystoning” and the beams striking the surface will always be “crisp and clear.”
“Our projector consists of hundreds of tiny microprojectors in an array, each of which generates a complete image,” said Marcel Sieler, a researcher. “This technology, known as ‘array projection,’ is modeled on nature – on the compound eye found in some insects – and with it for the first time we can create very thin and bright LED projection systems with tremendous imaging properties.” → Read More
We’re all now familiar with how adwords campaigns on Google work. You buy keywords commonly used in search terms, such as “plumber in X town”, and send people to a response mechanism, usually a web site. But increasingly that response mechanism is not a just a web site but a phone number as well – sometimes it’s even just a phone number. But these days it’s rarely an ordinary number – it’s usually a ‘smart number’ that performs certain kinds of actions and sends data, just like browser calls a web page and sends data from that page. These smart numbers can be made to grab an RSS feed, play a sound file, make the caller fill out a form with their voice – just about anything.
Increasingly we are seeing tech startups address what you do with that phone call and the data and analytics that can be pulled from it, just like on the Web.
While Google and Facebook look at this area with their pet own projects, startups have appeared on the market to address this, such as AdInsight, Tropo, Twilio and Iovox, among others. → Read More
What is 4G? Many an armchair philosopher over the past few weeks has pondered this concept and now, thanks to a minor tempest caused by upset customers, Apple has changed their iPad branding from “WiFi+4G” to “WiFi+Cellular.”
Although the iPads were compatible with US 4G networks, the iPads didn’t work with international 4G connections, thereby dropping a few folks in Australia into a tizzy. To prevent this, Apple put the old moniker down the memory hole and replaced it with the new naming convention. → Read More
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