First it was distribution. Then it was monetization. The next generation of Web entrepreneurs’ make-or-break challenge will be localization and a big part of that is language.
The Web is so powerful today and the valuations are so high, because it is a billion-person-audience and growing. But more of them speak Chinese than English, and critical masses are developing around Spanish, Portuguese… → Read More
As promised, my guest on Ask a VC this week is James Chan of Neoteny Labs, an early stage investment firm with operations in Singapore. Chan isn’t some banker-fied expat, he’s a “son of Singapore’s soil” as he phrases it. He was educated in the system, served his two years in the army and got a scholarship to study in the US, part at Carnegie Mellon University and part at Stanford.
That… → Read More
After raising a total of $11.2 million since its founding in 2005, Tiny Pictures sold to Shutterfly on Friday for $1.3 million in cash and another $1.3 million in restricted stock to employees, which has some performance triggers. If you back out the earnout, investors only got back about a tenth of what they put in.
Those investors include Mohr Davidow, Draper Fisher Jurvetson, and angel… → Read More