About 70 percent of my investment decision of an early-stage company is the team. My rationale is simple: everything goes wrong and only great teams can respond to competitors, markets, funding environments, staff departures, PR disasters and the like.
- Mark Suster of GRP Partners on the importance of a team in his investment decisions
AlephCloud, which makes technology to help manage content privacy in public clouds, has raised $7.5M in a Series B round of financing led by Handbag, LLC, a venture capital firm founded by Seth Neiman. The company has raised $9.5 million total. [Source : AlephCloud]
Interactions Corporation, which builds Virtual Assistant applications raised $40 million in a funding round led by SoftBank Capital with participation from Sigma Partners, Sigma Prime Ventures, RED LLC, Cross Atlantic Capital Partners, North Hill Ventures and Updata Partners. [Source: Interactions Corp.]
Chinese Internet giant Tencent is opening an office in Malaysia, in part to consolidate its gains in the country with popular messaging app WeChat. The app has more than 1 million users in the country, representing 70 percent market penetration among Malaysian smartphone users. The app has about 400 million users worldwide, Tencent claims. [Source: The Next Web]
Loyal3, a startup that lets people invest in companies without having to pay transaction or management fees, has raised $18 million in Series C funding, led by DNS-L3, with participation from former Facebook privacy officer Chris Kelly, and Loyal3 Chairman and CEO Barry Schneider. The company has raised a total of $45 million. [Source: TechCrunch]
Facebook Home, the social network’s new launcher for Android phones, has been trashed in the US and is now striking trouble in Europe. HTC First, the phone that comes with Home pre-installed, won’t be launching on time in the UK or France, because Facebook has decided to instead improve the software before rolling out to international markets. [Source: TechCrunch]
Uber-messaging app imo.im, which is reminiscent of the old Meebo, has raised $13 million led by its co-founder Georges Harik, an early Googler. The universal messaging dashboard has also unveiled a new “Broadcasts” feature for its Android and iOS apps that connects users with similar interests. [Source: The Next Web]
Mailbox, the stupidly popular email app for iPhone that recently sold to Dropbox, is now available on the iPad. Looks pretty much the same, but bigger. Apparently a version of the app is coming to Android soon. [Source: Mailbox]
Two execs, Alyssa Cutright and Alex Petrov (who hadn’t even started at the company yet!), have been dropped by Square, according to AllThingsD. Cutright was Square’s vice president of international, while Petrov was going to be the new vice president of partnerships. [Source: AllThingsD]
Today, 3M and Nanosys announced that “quantum dot technology” (tiny nanoparticles that emit light) are almost ready to be built into smartphones, tablets, and TVs. [Source: 3M via Mashable]
Although HP’s stock was up 13% in after-hours trading, the company’s PC sales keep plummeting, down 20% for the year. Meanwhile, although CEO Meg Whitman was once a fan of Windows 8, today she namedropped the company’s non-Windows products at every opportunity. [Source: Business Insider]
Yelp has dealt with claims for a long time that say the company benefits businesses that advertise with it by featuring those reviews more prominently. Today, Yelp’s VP of Communications and Public Affairs fired back at these claims, saying, “The sensational allegation that Yelp manipulates reviews and ratings to reward advertisers or punish non-advertisers… is not — and has never been — true.” [Source: Yelp via The Next Web]
Google Trends now has charts updated monthly that list the top searches in over 40 categories. A smattering of top searches — actor: Salena Gomez; athlete: Michael Jordan; authors: William Shakespeare. [Source: Google Trends]
The microsoft cofounder announced via Twitter that his band the Underthinkers will be putting out its debut album, “Everywhere at Once.” Amazon describes it as full of “blues-based rock guitar nuggets.” [Source: BetaBeat]
HP reported earnings per share of $.87, while analysts predicted $.81. Revenue was weaker at $27.58 billion, while the street had predicted $28 billion. [Source: Hewlett Packard]
Pittsburgh-based GiftCards.com will buy San Francisco-based startup Giftly to grow its mobile platform. Giftly has raised about $2.8 million in venture capital. It will remain in San Francisco but rolled into GiftCards.com. The terms of the deal weren’t disclosed. [Source: TechCrunch]
You are your data: The scary future of the quantified self movement
The new Flickr: Biggr, Spectaculr, Wherevr
Yahoo didn’t buy Tumblr. They bought Tumblr’s market position
Google closes Checkout, pushing thousands of merchants into Braintree’s arms
Pass the pipe: Gawker’s “Crackstarter” is skeezy but potentially significant
Sorry, NYC, Tumblr selling to Yahoo was not the “win” we needed
On the outskirts of the Maker Faire
Why Yahoo’s track record with acquisitions isn’t relevant to Tumblr
Writers should be paid
Don’t confuse Google’s ubiquity for openness
NextGuide Web launches. Can it possibly be a discovery powerhouse?
Minbox: The way file-sharing should work
Former MySpace and NASA security exec raises $700k, launches Prevoty to defend websites against malicious user code
Yahoo buys Tumblr and Mayer “promises not to screw it up” like past deals
Forget armchair activism, new app Buycott helps people shop with a conscience
PopExpert raises $2 million for its video teaching marketplace
The race to a “smart” television is over. Xbox won
In biggest pan-industry push since SOPA, tech leaders get set for March for Innovation
The importance of grit, rules, and discipline
In Oklahoma’s time of crisis, Sparkrelief is working to unify relief efforts
Memo to this year’s YC class: It’s damn hard to build an enterprise company
What are the effects of RelayRides’ New York cease and desist?
Finally, a Lumia-like device unbound by Windows Phone
How a Valley veteran found happiness and opportunity building tech in Mexico
Yes, the Valley can be vacuous – but it’s more complicated than the New Yorker would have us believe
The case against Shinichi Mochizuki as bitcoin’s “dance away genius”
Swipely raises another $12m from tiny Rhode Island
Is influencer marketing over? Here’s another pivot, this time from Wahooly
ServiceMax’s SaaS platform could make training technicians and replacing software a thing of the past
Reid Hoffman and Joi Ito’s H2 comes out of stealth
Forty more tickets on sale for our John Doerr PandoMonthly! (And a new venue…)
Too small to fail: The partnership-driven nature of fintech startups
Jaron Lanier: Information doesn’t want to be free, and ads are screwed
Data, heart, virality, and leadership: Five tips for today’s entrepreneurial journey
YouTube network Fullscreen adds NBCUniversal and HBO veteran Tim Mohn as new SVP of Engineering
Totsy burns through $34 million, lays off its 83 employees, selling assets
Why people are ignoring Windows 8′s new interface and using the “traditional” desktop instead
Eat Club hits the road to feed hungry office workers
A new iOS game looks to kickstart neuroscience education
Bill Gross’ UberMedia launches UberAds, using social and location data to better target on mobile
Skyhigh Networks raises $20M to control unauthorized cloud programs used in the enterprise
“If you’re building specifically for mobile, you’re in the past”
Scanadu asks Indiegogo users to test its “tricorder,” but don’t call it a pre-order
