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Next Samsung Galaxy Tab said to feature Intel Atom processor
Intel may have scored its biggest win in the mobile sector with rumors indicating that its next-gen Atom chip, Clover Trail, will be featured in the upcoming Samsung Galaxy Tab 3 tablet. If true, the company would have beaten out rival NVidia’s Tegra chip and Samsung’s own Exynos processor. [Source: VentureBeat]
- MCMay 24, 2013
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Two VMWare exec depart, become EIRs at Redpoint Ventures
The exodus of senior talent from VMWare continues, with two executives joining Redpoint Ventures as entrepreneurs in residence (EIR). The latest defectors are Chief Technology Officer – SaaS and Application Services Javier Soltero and Sr. Director R&D Kevin Henrikson. [Source: TechCrunch]
- MCMay 24, 2013
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Hulu’s bidding war has four suitors
There’s a bidding war going on around Hulu. Four parties have submitted bids including Former News Corp president Peter Chernin, Guggenheim Digital Media, DirecTV, and Time Warner Cable. Despite rumors that Yahoo may have been interested, the company’s recent $1.1 billion Tumblr acquisition likely takes it out of the mix. The only known valuation is Chernin’s bid of $500 million plus an assumption of Hulu’s existing debt. [Source: Bloomberg]
- MCMay 24, 2013
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Tiger Global invests $50M in Automatic secondary offering
Tiger Global has invested $50 million WordPress parent company Automatic. The round took the form of a secondary offering, meaning the investor bought shares from early investors and employees and the company receives no new capital. Founder Matt Mullenweg wrote in a blog post: “Automatic is healthy, generating cash, and already growing as fast as it can so there’s no need for the company to raise money directly.” [Source: Mullenweg]
- MCMay 24, 2013
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Sydney's Ninja Blocks attempts to rule the Internet of things
By Hamish McKenzie May 24, 2013
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Facebook gets hip in NYC, looks at East Village offices
Facebook is in the process of moving out of its sterile mid-town offices into the swank East Village, according to reports. Sources have the company in negotiations to move into the seventh and eighth floors of 770 Broadway, a building that already houses AdWeek and AOL. The move should help the company recruit and retain engineers who expect a more startup vibe. [Source: Crains]
- MCMay 24, 2013
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Donald trump co-founds crowdfunding platform FundAnything
The Donald (aka Trump) is launching a crowdfunding platform called FundAnything which will support arts, causes, personal pursuits, and business ideas among other categories. Trump is partnering with LEarning Annex founder Bill Zanker in the endeavor. [Source: Tecnonomy]
- MCMay 24, 2013
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Google facing new FTC scrutiny over display ad anti-trust activity
There might be more anti-trust scrutiny coming Google’s way with the Federal Trade Commission reportedly looking into whether the search company is unfairly using its ad market dominance to drive customers to its other services. Critics, including competitor Microsoft, have been vocal in asking for FTC action in this matter. [Source: Bloomberg]
- MC
May 24, 2013
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Vaunte raises $1.125 million
Luxury apparel commerce startup Vaunte raised $1.125 million from Battery Ventures, Maveron, and fashion and Christopher Burch. The site, which allows celebrities to sell secondhand goods and new items (sortof like what OpenSky tried and pivoted away from), has 60,000 members, having facilitated more than half a million dollars in transactions since it launched in the Fall. [Source: TechCrunch]
- EGMay 24, 2013
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Robot Oatmeal solves the invalid coupon problem
By Michael Carney May 24, 2013
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Bluefly sells to private equity firm
Clearlake Capital Partners has acquired publicly traded Bluefly.com, the luxury ecommerce site with a market cap of $11 million. Clearlake is acquiring shares from public shareholders as well as private investors Rho Capital Partners, Soros Fund Management, Prentice Capital Management and Maverick Capital. [Source: Clearlake Capital]
- EG
May 24, 2013
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Adly raises $2 million
Adly, a startup that pays celebrities to celebrities to tweet about brands, has raised $2 million from GRP Partners and new investor Siemer Ventures, bringing its total funding to $7.5 million. [Source: TechCrunch]
- EGMay 24, 2013
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Austin Ventures reduces fund size for upcoming vehicle
Austin Ventures plans to go downmarket to invest in more early stage companies. As a result, the company is shrinking its next fund size by half for its upcoming vehicle. The company is raising $450 million for its 11th fund. It’s 10th fund was $900 million. [Source: Austin Ventures]
- EGMay 24, 2013
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Tremor Video files for IPO
Tremor Video, a video advertising network, has filed with the SEC to raise $86 million in an IPO on NYSE. Credit Suisse and Jefferies are heading up the deal. [Source: Renaissance Capital]
- EGMay 24, 2013
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Okay, so now Google is going to buy Waze, apparently (not)
Bloomberg is now reporting that mapping company Waze is the subject of acquisition talks, with Google as the chief suitor. TechCrunch, which has reported false rumors about a Waze acquisition before, says this one’s probably not true either. Waze won’t comment. What’s the likelihood that all these rumors are coming from someone who wants to jack up Waze’s value? Greater than zero. [Source: Bloomberg]
- HMMay 24, 2013
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Luxury brands are still unsure about how to engage the Web’s unwashed masses
By Erin Griffith May 24, 2013
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Ethical smartphone, the Fairphone, opens up for pre-sales
The Fairphone, an ethically sourced, built, and distributed smartphone initially designed to bring attention to the use of conflict minerals in consumer electronics, is open for pre-sales, starting in Europe. The phone retails for $436, is unlocked, and runs Android 4.2. [Source: Fairphone]
- HMMay 24, 2013
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Apple’s iOS7 might feature a lot of black-and-white
Skeuomorphia might be out the window in the next iteration of Apple’s iOS, and it looks like color won’t be far behind. The latest rumors about the Jony Ive-led design suggest that black-and-white elements will feature heavily in the new user interface. [Source: 9to5Mac]
- HMMay 24, 2013
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Proof we’ll never tire of photo sharing: “A Beautiful Mess” hits #1 in app store
By Erin Griffith May 24, 2013
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John Doerr doesn’t think Google Glass is like the Segway
By Richard Nieva May 23, 2013
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Doerr on great entrepreneurs of the last 50 years
By Michael Carney May 23, 2013
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John Doerr: "Tech industry good on politics"
By Hamish McKenzie May 23, 2013
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John Doerr still sees a future in cleantech
By Cale Guthrie Weissman May 23, 2013
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John Doerr: Microsoft might be the “fifth horseman”
By Richard Nieva May 23, 2013
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HP versus the headwinds, part 17
By Kevin Kelleher May 23, 2013
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Sydney's Ninja Blocks attempts to rule the Internet of things
By Hamish McKenzie May 24, 2013
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Robot Oatmeal solves the invalid coupon problem
By Michael Carney May 24, 2013
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Luxury brands are still unsure about how to engage the Web’s unwashed masses
By Erin Griffith May 24, 2013
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Proof we’ll never tire of photo sharing: “A Beautiful Mess” hits #1 in app store
By Erin Griffith May 24, 2013
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John Doerr doesn’t think Google Glass is like the Segway
By Richard Nieva May 23, 2013
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Doerr on great entrepreneurs of the last 50 years
By Michael Carney May 23, 2013
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John Doerr: "Tech industry good on politics"
By Hamish McKenzie May 23, 2013
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John Doerr still sees a future in cleantech
By Cale Guthrie Weissman May 23, 2013
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John Doerr: Microsoft might be the “fifth horseman”
By Richard Nieva May 23, 2013
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HP versus the headwinds, part 17
By Kevin Kelleher May 23, 2013
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The Selena Gomez of SoCal’s tech industry
By Francisco Dao May 23, 2013
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Watch: Google Hangout on immigration reform
By Hamish McKenzie May 23, 2013
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For Skillz, real money gaming is all about skill
By Michael Carney May 23, 2013
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Study: Religious cities watch a lot of porn too
By David Holmes May 23, 2013
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Pixel Press turns your doodles into videogames
By Nathaniel Mott May 23, 2013
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Fandium raises $1.25 million for sports app that blends storytelling with betting
By Erin Griffith May 23, 2013
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Has content discovery reached its logical end?
By Cale Guthrie Weissman May 23, 2013
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YC alum’s new service Loom aims to be photo management for the mobile world
By Richard Nieva May 23, 2013
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Appboy helps Android developers avoid heartbreak
By Nathaniel Mott May 23, 2013
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Nepal's Picovico takes on Animoto
By Hamish McKenzie May 23, 2013
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Bent on European domination, JustFab continues M&A
By Michael Carney May 23, 2013
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Rallyverse, a platform that helps brands spread authentic content, releases API
By Erin Griffith May 23, 2013
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How Qualaroo hacks the marketing conversion funnel
By Michael Carney May 23, 2013
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Nextdoor: “We stopped everything we were doing and trained every engineer on mobile”
By Sarah Lacy May 23, 2013
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Reid Hoffman and Joi Ito’s H2 comes out of stealth
By Richard Nieva May 22, 2013