Kayweb Angels, a new fund for early-stage companies has launched in New York. The fund, started by CEO Haig Kayserian is part of Australia-based web services firm Kayweb.
stories by Riley McDermid
Utah-based startup incubator BoomStartup announced the 10 companies it has selected to participate in its second annual class. The three-month summer program gives promising new tech companies a shot at early additional funding and attention from potential investors on the hunt for the next hot concepts.
Photo and video sharing service Photobucket launched a new feature today called Snapbucket, which will allow users to “snap” photos from their mobile device, personalize the photo through effects, vignettes and frames, and then share them instantly with their social network.
BrightEdge, a search engine optimization management (SEO) platform, said today that is has partnered with digital performance measurer ComScore to help companies get the highest online ranking possible, Jim Yu, founder and chief executive, told VentureBeat.
A new report issued today by venture capital company Clearstone Venture Partners on how well the venture capital community is doing says that VCs who put their money into technology startups now will get the best return on their money since the boomtimes of the dotcom era last decade.
Virtual events company Unisfair has released its annual marketing survey, and it shows that even more advertisers will be advancing their brands through virtual happenings this year, with 62 percent saying they would be increasing spending on that medium in 2011, and 42 percent saying they will cut down on how much they budget for physical events.
Social enterprise network startup Magnet Systems announced today that it has pulled in $12.6 million in a first round of institutional funding. The round was led by well-know tech venture capital outfit Andreessen Horowitz.
Mobile payment system Mopay announced today that people charging online merchandise directly to their cell phones or landlines has nearly doubled over the last year in North America, putting local consumers on par with leading regions like Asia that have long been using the method.
Mr. Number, an all-in-one mobile phone productivity service, announced today that it has reached its 2 millionth user and released a completely revamped version of it application for iPhone and Android smartphones.
Social networking connector Tagged has acquired instant messaging and social aggregator Digsby as it attempts to give users more tools to manage their instant messaging, emails, tweets and social networks all in one place.
Virtual storage startup Nutanix came out of stealth mode today, officially announcing $13.2 million in a first round of institutional funding.
Group shopping site Groupon is continuing its buying spree, acquiring the parent company of check-in service Whrrl late Monday, dubbed Pelago, which the company said in a blog post it would retire on April 30.
Could Silicon Valley be the next playground for investment bankers with imagination?
An intense look at the dynamics of the team that built and is currently running white-hot blogging startup Twitter shone new light on the company today, after Fortune magazine penned a lengthy article suggesting former CEO and co-founder Ev Williams was forced out rather than leaving voluntarily in October and that the company once turned down a $10 billion buyout from Google.
Venture capitalists invested the most in deals worth $50 million or more since the third quarter of 2001, pumping $5.9 billion into 736 deals in the first quarter of 2011, according to a MoneyTree Report released today by PricewaterhouseCoopers and the National Venture Capital Association.
Smartphone app startup Ripple Mobile today debuted its PhoneTag application, which uses GPS-based technology to help mobile device users share a user’s real-time location and coordinate connections privately with their friends and contacts.
E-donations facilitator Nadanu today launched a new platform called MyCharityBox that lets non-profits easily collect funds from donors.
Voice and text messaging provider Bubble Motion today announced it has pulled in $10 million in a second round of funding, as the company attempts to work on new tools for 800 million available mobile users.
Ev Williams, the cofounder of microblogging service Twitter, who stepped down as CEO last fall to make way for former COO Dick Costolo, said in a blog post today he is barely engaged in running the company and is focusing on a new, unnamed startup venture.
Larry Page may not take over the reins as Google’s chief executive until next week, but he’s already begun cracking the whip amongst senior management, including holding daily brainstorm sessions at the search behemoth’s headquarters, The Wall Street Journal reports.
MeMap launched a mobile app today that aims to bring together all of your Facebook friends’ location data from various location-based networks and put it on a single map.
J. Hilburn, a company that sells custom men’s clothing, today launched an e-commerce platform where it will now begin offering all its high-end custom dress shirts and luxury menswear online.
Google today officially accused the Chinese government of intentionally messing with its Gmail email, perhaps in an effort to head off any attempts by its citizens to ride a recent global wave of dissent and jumpstart their own revolution, the company confirmed today.
Investment banks are scrambling to open branches and make their presence known in the Silicon Valley area because they are expecting a “huge wave” of mergers and acquisitions and financing deals in tech and media over the next two years, Kevin Covert, president and co-founder of boutique I-bank Covert and Co., told VentureBeat today.
Watch out, Amazon.com: Someone’s trying to bump your shopping cart.
Bubble or no bubble, the conditions brewing in Silicon Valley around hot new startups now differs greatly from the tech collapse of 1999 to 2001 because most of today’s new companies are actually making money, Paul Santinelli, partner at early-stage venture capital fund North Bridge Venture Partners, told me today.
Score one for social media.
Internet behemoth AOL announced today that it has hired Biz Stone, cofounder of white-hot microblogging service Twitter, as a “social impact advisor.”
There is no bubble forming around Silicon Valley or tech startups because white-hot companies like Twitter and Facebook are able to show they have fundamental value and are capable of making money, Phil Black, co-founder at early stage venture capital outfit True Ventures told me today.
Housing start-up Zillow just released a new product, Rent Zestimates, which will provide estimated rent prices for 90 million homes on both its website and all its mobile apps.
New group-buying startup Offermatic grabbed $4.5 million in funding today as it seeks to distinguish itself in what is rapidly becoming a crowded playing field for online shopping.
Personal finance tool Credit Sesame announced today that it’s pulled in $6.15 million in a second round of funding to help consumers save money on their mortgage and loans by tracking all their finances in one place.
Professional social networking startup LinkedIn has joined forces with well-known open source coding repository GitHub, which will allow others in a user’s network to see what projects they and their connections are working on at any given time.
Google acquired English price comparison company BeatThatQuote.com today for more than $61 million.
BrightEdge, a search engine optimization management (SEO) platform, said today it has become the first such platform to become fully social in a bid to help marketers optimize their social media activity, Jim Yu, founder and chief executive, told VentureBeat.
Ever wonder how popular you are on the Web — and how you stack up to others?
White-hot microblogging startup Twitter has no plans to take the company public anytime soon and is not looking for outside funding right now, co-founder Biz Stone reportedly told Reuters at a business forum in Seoul today.
Repost.Us launched today in beta with a new, one-button platform that instantly monetizes digital content and automates online syndication.
Social media provider Syncapse announced today it has finalized a $25 million round of financing from ABS Capital Partners to help brands track their reputations online.
Mobile video startup HighlightCam launched today, as it aims to make it easier for users to take their movie making totally mobile and simplify the editing process, CEO Robert Neivert told me Thursday.