Startups - Social Media - Webdesign

Former Square Wallet Lead, Google PM Raise $1.2M For Secret (Which Is A Secret)

Posted by on Dec 6, 2013 in Startup, Venture Capital | 0 comments

secretDavid Byttow, the former technical lead for Square Wallet, and Chrys Bader-Wechseler, a former Google product manager at Google+, Photovine and YouTube, are raising $1.2 million for a new stealth startup called Secret. “Nothing is a secret these days,” Bader-Wechseler said, declining to comment on his startup or the round. Byttow designed the infrastructure for Square’s partnership with Starbucks, and was a previous technical lead at Google+. Bader-Wechseler was brought into Google after creating a photo app called Treehouse and a video service laced around Twitter called Vidly. He released Photovine, Google’s competitive entrant into the photo-sharing space,before it folded and he joined the Google+ effort. We hear the seed round includes investors like Reddit co-founder Alexis Ohanian, Google Ventures and KPCB, but Bader-Wechseler declined to comment or confirm any of that.

Read More

Misfit Raises $15.2M From Li Ka-shing’s Horizons Ventures For Its Activity Tracker, The Shine

Posted by on Dec 4, 2013 in Gadgets, Startup, Venture Capital | 0 comments

misfit shineMisfit Wearables, the hardware startup that built a sleek activity tracker called the Shine, just picked up $15.2 million from Li Ka-shing’s Horizons Ventures in a big, new growth round. Jason Wong, a director at the Hong Kong-based firm, will be joining the board. Misfit added that all of its existing investors, including Founders Fund, Khosla Ventures, Norwest Venture Partners, O’Reilly AlphaTech Ventures, Paypal co-founder Max Levchin and incTANK all participated and took their full pro-­rata in the round. Misfit was co-founded by former Apple CEO John Sculley along with Sonny Vu and Sridhar Iyengar, who were behind the medical devices company that had the first Apple blessed add-on for the iPhone, which was a glucose meter. Misfit launched the Shine earlier this year; it’s a quarter-sized activity tracker that awards users points for walking, running and swimming among other activities. Unlike other wrist-bound activity trackers, the Shine can be worn anywhere — as a clip-on to your shoes or your shirt, or as a necklace. That form factor has made it surprisingly popular among female consumers, we’ve heard from sources close to the company. Like competing products such as the Jawbone, the Shine pairs itself with a mobile app that shows day-by-day graphs of activity. It has a cool syncing behavior, where you place the Shine on top of your smartphone and little circles radiate outward from the device until your phone downloads the data it contains. The company hasn’t shared detailed statistics on sales so far except to say that that they’ve shipped “hundreds of thousands” of units to more than 20 countries in the last few months. They’ve also scored key distribution deals with retailers like Apple, Best Buy and Target, which will help on top of online sales through their website. The funding is going toward new, yet-to-be-launched products that should come out next year. CEO Sonny Vu says that the Shine was merely a starting product and that they have a number of other wearable concepts in the works.

Read More

Here Are The Hottest Companies In Tech Right Now, According To Goldman Sachs

Posted by on Nov 20, 2013 in Finance, Venture Capital | 0 comments

Goldman1I think we’ve established by now that what happens in Vegas actually never stays in Vegas. And, as you can see by the agenda obtained by TechCrunch that’s embedded below this post, the Goldman Sachs Private Internet Company Conference scheduled to take place in Sin City over the next two days is no exception.

The Goldman Sachs conference for private web firms is one of the most high-end and hush-hush events in the tech world. It’s essentially like the Hackers Conference or dinners at Sheryl Sandberg’s house or Fight Club, except for tech executives who are likely to soon go through an IPO or big M&A deal. If you’re on the invite list, you’re in pretty good company — and the first rule is that you don’t talk about it to others.

Read More

The Startup Accelerator Trend Is Finally Slowing Down

Posted by on Nov 19, 2013 in Venture Capital | 0 comments

Launch_ButtonStarting a company has never been easy. Not having to worry about market research and resources can be the difference between getting off the ground and moving back in with your parents. This might explain the record number of startup accelerators and incubators in 2013. According to our projections, there will be at least 170 worldwide by the end of the year. But despite the increase, overall seed stage investment in startups has decreased from a year ago, mainly in North America. As the top few accelerators continue to dominate, new programs are struggling to attract the best founders and make seed investments in promising companies. In an environment where only one-third of startups find follow-on investors, most young accelerators and incubators seem destined to fail because of the overcrowded market for early stage funding. Definitions vary between what constitutes an accelerator versus an incubator and the contrasting strategies therein, but the overall goal is generally the same. Both aim to increase the odds of building a successful business in exchange for a small chunk of equity. Rather than trying to force ‘accelobator’ or ‘incuberator’ into the lexicon, the terms are used interchangeably for all programs that are included in the analysis. We’ll leave further analysis of success by the many types of accelerators out there for separate articles. The first modern accelerator was Y Combinator, a self-described seed stage venture fund, that announced its first batch of eight startups in 2005. TechStars, SeedCamp and Founder Institute followed shortly thereafter. Each year, the trend has continued to spread both domestically and internationally. One of the positive effects of tech accelerators has been their role in rapidly globalizing the startup community by removing the barriers to entry and providing access to capital for young companies that do not have the benefit of being headquartered in Silicon Valley. In the past two years, 388 international startups (from 49 different countries) were funded by 80 international accelerators or incubators (representing 36 countries). That is twice the international presence of accelerators as in 2009, and nearly three times the diversity of companies. Small, community-based programs supporting the growth of local businesses has played a huge role in the spread of startup fever across much of the world. Not surprisingly, Silicon Valley-based firms are racing to get on the ground in Europe and elsewhere to take advantage of new opportunities and talent. Just recently, 500 Startups announced on stage at Disrupt that they will open their first European office

Read More

Hightail, The File-Sharing Service Formerly Called YouSendIt, Lands $34 Million In New Funding

Posted by on Nov 19, 2013 in Startup, Venture Capital | 0 comments

hightail-appHightail, the file-sharing service formerly known as YouSendIt, has raised $34 million in new funding. The round, which serves as Hightail’s Series E, was led by hard drive maker Western Digital.

Read More

Corporate Venture Investors Starting To Look A Lot More Like Private VCs

Posted by on Nov 5, 2013 in Venture Capital | 0 comments

apple_orangeCorporate venture capital has always been dubiously titled ‘dumb money’, supposedly less interested in financial performance and only willing to make bets on strategically aligned startups. CVC investing, however, has grown significantly over the past few years and many leading tech companies are diversifying their investments by operating autonomous VC funds that look more and more like traditional private VCs. In 2013, both the number and size of CVC investments has continued to rise. In October 2013, 48 venture funding rounds valued at over $719M included CVC investor participation. This represented a 14% participation rate, the highest month in the CrunchBase dataset. Past increases in CVC investing tend to correlate strongly to the business cycle, the overall strength of corporate balance sheets and the general VC climate. Thus, it should be no surprise that CVC investing has risen in 2013. The two most active CVC investors, Google Ventures and Intel Capital, have led the pack since 2011. In 2013, the two combined for 360 funding rounds, or 25% of all CVC investments. Compared to the CVC landscape prior to 2011, that is a huge departure from the biotech boom during which Johnson & Johnson, Novartis, GlaxoSmithKline, Kaiser Permanente, Amgen and MedImmune each participated in funding rounds that totalled at least $100M. The 71 biotech deals with CVC participation in 2009 was a record high, while mobile and software CVC deals have risen consistently in each subsequent year. This is the main factor behind why the recent surge of CVC money might be changing the game. The trend towards more tech-oriented CVC investing now aligns more closely with the private VC landscape. In recent years, many large tech companies have followed in the path of Google and Intel. Microsoft, General Electric and Bloomberg have launched funds in 2013 that aim to focus on returns over strategic investments. Other corporate venture arms like Qualcomm Ventures, Comcast Ventures and Samsung Ventures have also recently participated in high-profile rounds for promising startups like Fitbit, Nextdoor and Pure Storage. While private VCs may be unwelcoming to an influx of corporate cash, successful companies can typically set up funds much faster and forego the normal SEC paperwork and outside fundraising, as evidenced by SAP Ventures recent launch of a $650M fund. Perhaps we will see more tech companies like Facebook try to emulate the success of Google Ventures and take advantage of a hot VC market. Regardless, it seems for

Read More
Animated Social Media Icons by Acurax Responsive Web Designing Company
Visit Us On FacebookVisit Us On TwitterVisit Us On Google PlusVisit Us On Pinterest