February 21st, 2012

Megaupload’s Kim Dotcom Released On Bail, Perhaps Never To Be Seen Again

dot

When Megaupload founder Kim Dotcom and several others in the organization were arrested in raids a month ago, it was noted by prosecutors that Dotcom’s rather wild lifestyle and propensity for spontaneous international travel, combined with his vast wealth, constituted a serious flight risk. He was denied bail at the time, at least until February 22nd, when the US was to turn in its extradition paperwork.

And today in New Zealand, or tomorrow rather, Dotcom was released under a number of conditions: he will have no internet access, will not travel 80km from his home except in emergencies, and no helicopters would be permitted to fly to his property. → Read More

February 6th, 2012

More MegaUpload Fallout As BitTorrent Search Engine BTjunkie Calls It Quits

btjunkie

BTjunkie, a popular BitTorrent search service, has been ‘voluntarily’ shut down by its operator(s). In a goodbye message, BTjunkie writes:

This is the end of the line my friends. The decision does not come easy, but we’ve decided to voluntarily shut down.

→ Read More

January 26th, 2012

Pirate Parties Organizing Lawsuit Against FBI Over Megaupload Takedown

pcat

The Megaupload troubles make for interesting discussion because there is much to be said on both sides. Whether the illegal aspects of the network “outweigh” the legal aspects is a question that will be discussed for months and perhaps years.

But one thing can’t be disputed: after the two-year investigation by the FBI, the site’s takedown was swift and perhaps over-thorough. Thousands and thousands of users who had legitimate and often critical files hosted on the site have been left behind, their legal files hosted on a simple file-hosting service. A coalition of Pirate Party organizations, led by Pirates of Catalonia, are planning to sue the FBI over what they say are “huge personal, economic and image damages to a vast number of people.” → Read More

January 24th, 2012

Kim Dotcom Denied Bail In New Zealand Court

kim-dotcom

The Megaupload saga continues. Kim Dotcom, Megaupload’s mega founder, was just denied bail by a New Zealand court citing he’s a flight risk. He will remain in New Zealand’s custody until February 22, when the courts will hear the US Justice Department’s application for Schmitz.

Dotcom insists he’s innocent of the various charges involving racketeering and piracy. His lawyers insist that Dotcom’s company was simply offering an online storage locker and diligent responded to complaints about pirated material.– a dubious statement for anyone familiar with the company. It’s all in the hands in the court now. → Read More

January 24th, 2012

Was Megaupload Targeted Because Of Its Upcoming Megabox Digital Jukebox Service?

megabox

Last Thursday the US Justice Department came down hard on Megaupload and its mega founder, Kim Dotcom. In the days since, there has been a shake-up of sorts in the digital storage realm. Several smaller sites have drastically changed their business models. Others, like MediaFire, reached out to me after I published this post attempting to distance themselves from Megaupload.

However, yesterday, a new theory surfaced that indicates Megaupload’s demise had less to do with piracy than previously thought. This theory stems from a 2011 article detailing Megaupload’s upcoming Megabox music store and DIY artist distribution service that would have completely disrupted the music industry. → Read More

January 23rd, 2012

Megaupload Bust Causes Cyberlocker Panic – But It’s Only Temporary

floppy

Oh god! Megaupload has fallen and its brethren are dropping like flies! The age of the cyberlocker is passing. No longer will we be able to host a large file somewhere for free and have someone else download it.

Actually, it’s not quite so dire, but it’s true that a number of major file hosts have either shut down, closed part of their service, or changed the way they operate. It’s not the first time that file-sharing tools have received a shock to the system, though, and this little contraction is less the end of an era and more a winnowing of the herd. That’s a good thing. → Read More

care
January 20th, 2012

WithMegaUploadDown,Who’sNext?RapidShare?SoundCloud?DropBox?

Every digital locker service and file linking website is on notice now that MegaUpload and TVShack are down. The Feds have their banhammer out and aren’t afraid to use it. Sites better check their zettabytes of data. A single 50 Cent song can cause the Feds to swarm the founder’s house and seize their Predator statues. Forget SOPA and PIPA, apparently the US Federal Government doesn’t need new legislation in place to shut down major file storage sites and lock millions of users out of their file lockers. The bigger question, then, is who’s next?

It’s clear that the US Federal Government is ramping up its fight against illegal file sharing and hosting. It’s the new war on drugs. The plan is to have taxpayers foot the bill and then attack websites rather than regulating or encouraging innovation. The only thing missing is a C.A.R.E. (Computer Abuse Reinforcement Education) presentation at your kids’ grade school. Just say no to perfectly legal data sinks, everyone. → Read More

January 20th, 2012

Downfall: Photos Of MegaUpload Founder’s Valuable Cars Getting Seized

mega

The shit really hit the fan over at massively popular file hosting site MegaUpload. Yesterday, the United States Department of Justice seized and shut down the site and commenced criminal cases against its owners and others, sparking retaliatory actions from hacker collective Anonymous.

Yesterday, following the DoJ indictment, the Organised and Financial Crime Agency of New Zealand arrested MegaUpload founder Kim Schmitz (aka Kim Dotcom), CMO Finn Batato and CTO Mathias Ortmann. → Read More

January 19th, 2012

Megaupload Taken Down On Piracy Allegations

uplaod

Popular file-hosting site Megaupload, probably known to our readers for a variety of reasons, has been taken down after the FBI charged some of its staff with copyright infringement and “conspiracy to commit racketeering.” Seven people have been charged, and four arrested (in New Zealand), and the site itself appears to be down as authorities around the world closed in on the site’s resources.

Bizarrely, it was also just revealed that the CEO of the company is none other than Swizz Beats, the husband of Alicia Keys. Clearly the rabbit hole goes much deeper than the FBI expected. → Read More

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Crunchbase

Scan — Company added to CrunchBase
2.23.2012
Jim Pallotta — Invested in Scan.
2.23.2012
Roundarch — Acquired by Aegis Group for $125M.
2.22.2012
AVG Technologies — Went public with stock symbol NYSE:AVG.
2.2.2012
Roundarch — Acquired by Aegis Group for $125M.
2.22.2012
Mykonos Software — Acquired by Juniper Networks for $80M.
2.22.2012
Zone Impact — Acquired by eRecycling Corps.
2.22.2012
SuccessFactors — Acquired by SAP for $3.4B.
2.22.2012
LiteTouch — Acquired by Savant Systems.
2.21.2012
Nomos Software — Received €500k in Unattributed funding from Kernel Capital Partners and Enterprise Ireland
2.22.2012
Integrated Diagnostics — Received $10M in Series A funding
2.22.2012
retickr — Received $1.5M in Series A funding from Lamp Post Group
2.23.2012
Innoveer Solutions — Received $1.9M in Unattributed funding from HarbourVest Partners and Adam Honig
2.22.2012
Jim Pallotta — Invested in Scan.
2.23.2012
Troy Carter — Invested in Scan.
2.23.2012
Start Fund — Invested in Scan.
2.23.2012
Transmedia Capital — Invested in Scan.
2.23.2012
Naval Ravikant — Invested in Scan.
2.23.2012
AVG Technologies — Went public with stock symbol NYSE:AVG.
2.2.2012
Brightcove — Went public with stock symbol NASDAQ:BCOV.
2.17.2012
Jive Software — Went public with stock symbol NASDAQ:JIVE.
2.3.2012
Scan — Company added to CrunchBase
2.23.2012
Vibe — Company added to CrunchBase
2.23.2012
Roundarch — Company added to CrunchBase
2.23.2012
Aegis Group — Company added to CrunchBase
2.23.2012
Nomos Software — Company added to CrunchBase
2.23.2012
Reeli (iPhone App) — Product added to CrunchBase
2.21.2012
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