Archive for the "TechCrunch Network" Category
by Serkan Toto on October 26, 2009

The first TechCrunch Japan TokyoCamp that was held in August was a blast, but my guess is the next one will be even bigger and better:

I’m delighted to announce the TechCrunch Japan TokyoCamp 2009, which will be held on Friday, November 6. TokyoCamp 2009 is co-organized by by DESIGN IT!, LLC. (a Sociomedia group company that runs TechCrunch Japan) and Nikkei Digital Core (a community under the umbrella of the Nikkei, Japan’s biggest business publication).

There’s going to be a demo pit (no less than 21 of Japan’s finest startups will demo their wares) and a meetup/networking party afterward. Registration is required for both events.

by Erick Schonfeld on October 19, 2009

In the third quarter of 2009, we saw a slight rebound in venture funding from earlier in the year. But which venture capital firms were the most active in the quarter? One of my favorite new tables in our latest TechCrunch Trends report, which is based on company data we collect in CrunchBase, is the ranking of the most active venture capital firms.

We’ve reproduced that ranking below in two interactive tables which show the top 25 most active VC firms in both the third quarter of 2009 and the most active year-to-date. (You can see a list of the top 100 most-active VC firms in the quarter ). The rankings are based on the number of deals each firm participated in during each time period. Draper Fisher Jurvetson tops both lists, with 17 deals in the third quarter, and 34 year to date. Then it was followed, for the quarter, by Sequoia (12 deals), Kleiner Perkins (11 deals), NEA (9 deals), and Benchmark (8 deals). The top ten for the year-to-date rankings show many of the same firms, although they move around a little.

by TechCrunch Europe on September 2, 2009

Mind mapping application builder MeisterLabs, the startup behind brainstorm & planning tool MindMeister, acquired the MindMaker, iPhone app in January and now it’s available in the app store as a full-blown MindMeister app.

MindMeister is an online mind mapping tool that allows you to create, share and collaborate on mind maps. The new re-jiged iPhone app has some key differences. Namely it supports sharing mind maps and also supports MindMeister’s “geistesblitz” or “brainwave” feature which allows you to insert those brilliant eureka ideas that you get when you’re in the bathroom into your default mind map on the mindmeister site. Perfect for the iPhone.

by Leena Rao on August 27, 2009

We’ve heard from numerous sources that mobile ad network AdMob may be in the process of acquiring AdWhirl, the startup that lets iPhone developers tap into multiple ad networks. One source has even said that AdWhirl is already working out of AdMob’s offices, though we haven’t confirmed this. Update: this is confirmed

Asked on the phone whether AdWhirl has been acquired by AdMob, AdWhirl CEO Sam Yam responded, “How did you know that,” before clamming up with a “no comment.”

It’s an interesting partnership, and one that raises a few questions. AdWhirl allows developers to switch between different ad networks on the fly without having to submit a new application coded with another ad network to Apple. The service has support for five different ad networks, including AdMob, Quattro Wireless, Videoegg, Jumptap, Mobclix and Millenial Media. Mobclix has a competing iPhone exchange that AdMob is not a part of. But if AdMob and AdWhirl have a relationship, this might make the waters a bit murky for the other networks. It would be suspect to have an open platform that is owned by one of the ad networks.

by Sarah Lacy on August 25, 2009

For all the billions of dollars created here, Silicon Valley is remarkably stingy when it comes to giving. I first wrote about this when I moved here in the great Web 1.0 Internet bubble. Back then, as companies went public all around us, one-third of households earning $100,000 or more gave $1,000 or less to charity—roughly half what the rest of the U.S. gave per dollar earned. And those were the fat times.

I don’t have comparable data to back it up, but anecdotally it seems the Web 2.0 generation is doing a better job at giving. Or at least Bebo founder Michael Birch is.

Birch has spent the last six months working with a team of two other people to build a social giving site for the popular organization, Charity:Water. It launched its beta site today, and with just a Tweet announcing it nearly 400 members have already raised some $3,000.

by Serkan Toto on August 23, 2009


I attended WISH 2009 [JP] on Friday, a newly launched web industry event offering fourteen Japanese startups the chance to demo their wares onstage to a panel of judges and an audience of 400 people. The event was held in Tokyo and organized by online marketing company Agile Media Network (Japan’s answer to Federated Media).

A service called Joker Racer emerged as the big winner of the evening, but the other presentations weren’t too shabby either, with some of them earning special jury awards from various Japanese media. A good number of the fourteen services are available in English (or will be soon). Here’s a rundown on all of the companies that presented at WISH 2009:

jokerracer_logoJoker Racer (Winner: Grand Prix and Agile Media Network Award)
Joker Racer lets you remote-control model cars via your browser window, from anywhere in the world and in real-time. The Linux-powered and Wi-Fi-enabled model cars are equipped with GPS, a mini Linux server and a web cam mounted on top of them. It will even be possible to control the cars with the iPhone.

by Erick Schonfeld on August 21, 2009

If you look at the top right hand corner of any blog post on TechCrunch, you will see both the number of comments on it and the number of times it’s been retweeted (linked to and passed around on Twitter). Usually the retweet number is bigger than the number of comments because it is much easier to do. It counts as a vote for that post inasmuch as a passed link can be construed as a reader recommendation. Everyone who retweets a link is in effect recommending it to all of their followers, and it can help to drive traffic back to the original post. At least that is the theory.

But how many retweet buttons are actually out there and how many people click on them? When it comes to the spread of the buttons themselves, TweetMeme offered some stats today showing that its retweet buttons are now getting 1.6 billion impressions a month. That number has quadrupled in the past two months alone. New retweet market entrants have a lot of catching up to do. And Just wait until retweet buttons start appearing on individual comments as well.

What that means, however, is just that the buttons are appearing on blog posts and articles which collectively are viewed 1.6 billion times a month, not that they are clicked on that many times. I asked Tweetmeme founder Nick Halstead how many actual retweets do those buttons produce. He doesn’t have exact numbers for that yet, but his best guesstimate is 200,000 a day, or 6 million a month. That translates into a paltry 0.375 percent click-through rate.

by Leena Rao on August 19, 2009

Google’s Enterprise Search offerings have steadily grown in both strength and innovation over the past few years. As we reported in June, Google now counts 25,000 enterprise search customers, up from last year’s 20,000 customers. Over half of customers use Google’s search appliance and the rest use its hosted site search and other enterprise products. Most recently, Google improved the scalability of its enterprise search appliance (also known as the GSA), allowing businesses to search billions of documents. Today, Google added two new tools for Google Enterprise Search: Side-by-Side search comparison and new connectors for the GSA, both available in Google’s Enterprise Labs, which is similar to Gmail Labs.

Side-by-Side search lets employees test and rate results from two different search queries (Policy A vs. Policy B) on the same data, to see which gives better results. Employees can vote on their preferred results, by clicking on either the Policy A or Policy B button and the administrator can then use that information to choose and set up the right search solution for the business. It seems that this feature would be useful to administrators who are constantly trying to make internal search capabilities more effective.

by Daniel Brusilovsky on August 12, 2009

Socialcast, the realtime collaboration software platform, today announced the release of its official developer API after weeks of beta-testing. Essentially, Socialcast lets employees in companies communicate via activity streams, create groups, and share links, file, and knowledge across the enterprise.

With the new Socialcast API, both internal IT folks or outside developers can extend the product with new functionality. And companies who are partners can expose their Socialcast activity streams to each other for cross-enterprise collaboration. Rather than just confining teh stream to one organization, this would make it more like a true enterprise version of Twitter, or the recently acquired FriendFeed, where you may follow colleagues inside and outside your company. The API allows developers to build native clients or internal applications, accessing the Socialcast a

by Sarah Lacy on August 12, 2009

As Erick pointed out yesterday, IPO registrations are up. But even if all of these companies go out, does this mean VCs are out of the no liquidity woods? Hardly.

Sure everyone brings up LinkedIn and Facebook as the potentially huge homerun IPOs in the wings, but a lot of the companies queuing up look more like OpenTable.

The reservation Web site deserves props for making it out in a tricky time— the weekend it was picking its bankers one declared bankruptcy and another sold itself to a competitor. And yes, the price has impressively stayed above the $20 opening. But take a closer look at the deal: Only three million shares were floated to the public. No wonder the price has held– hardly anyone is in the stock. With a whopping 18 million still owned by insiders and investors, OpenTable looks more like a private company that just did another round of funding than a public company.

by Guest Author on August 7, 2009

This guest post on the struggles of online music services to reach profitability is written by Michael Robertson, the founder of music sites MP3.com and MP3Tunes, as well as a number of non-music related startups like Gizmo and Dealipedia. As one of the first entrepreneurs to battle the music labels over an online service, he has a unique perspective on the scene.

A new music service called Spotify has attracted millions of users in a short time with the enticing lure of listening to any common song on your computer free. Meanwhile, the digital music grandpa Napster has quietly launched a $5 service that offers unlimited streaming plus free MP3 files.

A closer examination reveals that Spotify has raised tens of millions of dollars, given equity to the record labels, is under constant attack by hackers, uses clever P2P technology, is accruing enormous per song royalty obligations and has the seemingly impossible task of figuring out how to generate enough money from a free ad model to satisfy the music companies.

Here’s my admittedly biased look at both companies:

by Sarah Lacy and Paul Carr on August 5, 2009

Last month at The Europas – TechCrunch Europe’s version of the Crunchies – a lot of impressive start-ups were honored. But one was clearly cleaning up: Spotify, the sexy online music app that has music lovers in Europe swooning.

Each time the company won, you heard two reactions from the crowd: fan boys screaming with joy and other companies’ founders groaning. “Too big for their boots,” was a phrase heard muttered a lot.

But player hating is just part of life as a hot start-up right? Of course – but Spotify is living in a particular dual reality. It’s caught between the rapture of music lovers who say it’s the site they always dreamed could exist and the cruel reality of the online music business.

And that meant there was a lot more drama than immediately meets the eye behind that reported $50 million funding and $250 million valuation. As one investor who ultimately passed on the deal told us, “This was one of those where you hold your nose and just pay up. Before you’ve done anything the majority of the economics are right out the door to the labels. You need huge scale to pay for all that, and then you’re still in bed with a bunch of numb nuts.”

Someone in the comments of our previous Spotify story said it was Europe’s YouTube. We don’t know if they meant that in a good way or a bad way—but we agree on both. The problem with the comparison? YouTube found Google; a deep-pocketed public company that was also trying to build a video offering online and was willing to pay top dollar for YouTube’s streams, and their associated business model challenges.

Several VCs we talked to used the words “leap of faith” over-and-over again in describing the decision to invest in Spotify or not. In reality an investor has to make multiple leaps of faith to do this deal, especially at a $250 million valuation. Looking at those leaps explains why so many VCs who were awed by the product ultimately passed – and yet why a few ballsy investors saw the elusive upside worth the role of the dice.

by Erick Schonfeld on July 28, 2009

Google is finally figuring out that short links are just easier to deal with, especially on a mobile phone. No, it is not rolling out its own URL shortening service just yet (bit.ly, stand down). But today it is introducing what it calls “smart links” to the mobile version of Gmail.

When it recognizes a super-long link like one for Google Maps, it will shorten it to the underlying name thing being linked to. In this case, it is an address.

by Nicholas Deleon on July 27, 2009

New iPods usually come out in September, right? There or thereabouts, at any rate. Well then maybe we should look into this report that says Toshiba will “ramp up” production of flash memory chips during the month of Auguest. Word on the street is that Toshiba is doing so to fulfill a big order from Apple. So, new iPods on the way? Speculate away!

by Erick Schonfeld on July 22, 2009

Is the worst behind us? The broad worldwide recession hit the venture capital and startup communities hard last year. Memories of the NASDAQ meltdown and venture capital “nuclear winter” earlier this decade sent everyone into a tizzy as they feared a repeat performance—venture dollars froze and hundreds of thousands of tech workers were laid off.

But it appears that the worst is over for now. Or at least, the broad indicators suggest that venture and entrepreneurial activity has stabilized and may in some cases be trending up. In Q2 2009 we tracked via CrunchBase a total of 400 estimated new startups founded, $6.4 billion in new venture capital financings and $15.8 billion in merger and acquisition activity. (Download the full report here for $195) And we only tracked 20,000 new layoffs, just 10% of the 200,000 we saw let go in Q1 2009.

(Stats and charts after the jump).

by Nik Cubrilovic on July 19, 2009

The Twitter document leak fiasco started with a simple story that personal accounts of Twitter employees were hacked. Twitter CEO Evan Williams commented on that story, saying that Twitter itself was mostly unaffected. No personal accounts were compromised, and “most of the sensitive information was personal rather than company-related,” he said. The individual behind the attacks, known as Hacker Croll, wasn’t happy with that response. Lots of Twitter corporate information was compromised, and he wanted the world to know about it. So he sent us all of the documents that he obtained, some 310 of them, and the story developed from there.

This post isn’t about the confidential information taken from Twitter. It’s about exactly how Hacker Croll was able to get such deep access to Twitter in the first place.

It’s clear that Twitter was completely unaware of how deeply they were affected as a company – when Williams said that most of the information wasn’t company related he believed it. It wasn’t until later that he realized just how much and what kind of information was taken. It included things like financial projections and executive meeting notes that contained highly confidential information.

We’ve already said a lot about all of this and the related “server password = password” story that was discovered by another individual last week. But we’ve got two more stories to tell. The first, this post, is exactly how the hacks took place, based on information gathered from hours of conversations with Hacker Croll. The second is what was happening behind he scenes with Twitter as the story unfolded. We’ll post that later this week.

When the story first broke the true scope of what had taken place and how it occurred was not understood. Various bloggers speculated about the cause of the attack – with some placing the blame on Google while others blaming the rising trend of hosting documents in the cloud.

We immediately informed Twitter of the information we had in our possession (and forwarded it to them), and at the same time reached out to the attacker. With some convincing, the attacker responsible for the intrusion at Twitter began a dialog with us. I spent days communicating with the attacker in an effort to gain insight into how the attack took place, what the true scope of it was and how we could learn from it.

by Mike Butcher on July 16, 2009

Viadeo, aLinkedIn and Xing competitor, has secured $5m of funding from French investment houses AGF, Ventech and other investors (including the wealthy Mulliez family) to accelerate growth and prep for potential acquisitions. The business social network is best known in France, but it’s planning to expand its existing foothold in emerging markets like China, India and Mexico. The latest investment takes the total money it has raised since 2006 to $23m. AGF and Ventech were previous investors. Although this market is seeing a lot of “down round” investments right now (a down round is where investors purchase stock from a company at a lower valuation than previously) I am assured by Viadeo that this is not the case here. The question is whether or not this new momentum can deliver traction and a breakout position.

by Daniel Brusilovsky on July 13, 2009

Twitter seems to be the hottest thing in tech recently — if you look at TechCrunch, it averages at least 3 posts a week about Twitter. But the bigger question is, who is really using Twitter? Many of you might think that, as with most of the latest gadgets and technologies, teenagers are using Twitter, but you’re wrong, and here’s why. Matthew Robson, a 15 year old intern, over at Morgan Stanley, wrote a report on how teenagers are consuming media, and why Twitter isn’t the hot topic in high school halls.

If you look at technologies trending with teens right now, it’s Apple devices (iPhone, iPod), smart phones (Blackberry, Palm), and then social networks (Facebook and MySpace). At least that’s what I see from hanging out with 1,500 other teenagers in high school every day (I am 16 years old). But why not Twitter? Well, because Twitter is a different type of social network than Facebook. Facebook is about connecting people, and sharing information with each other. The way my friends and I see it, Facebook is a closed network. It’s a network of people and friends that you trust to be connected to, and to share information like your email address, AIM screen name, and phone number. You know who’s getting your status messages, because you either approved or added each person to your network.

by Michael Arrington on July 12, 2009

Thank you to all of you who came out to support the 2009 Summer CrunchUp! We broke 600 attendees to the Real Time Stream CrunchUp, double our initial expectations, and we hosted lots more of you at the August Capital outing.

In typical TechCrunch style, it was a work-hard, play-hard day. Thank you to all our CrunchUp speakers for investing your time with us to talk about new trends, boundaries and your passions. Plus we fit in 22 new product highlights from start-ups and big internet companies alike.

If you missed the CrunchUp, the video is on the CrunchUp site, courtesy of Ustream. Both they and FutureWorks did an amazing job to help us stream and record Real Time for future use. We live blogged as much of the conference as possible. In case you missed yesterday, here is the coverage and lots more photos:

Update: We’ve got more photos up for you to check out.

by Leena Rao on July 10, 2009

PeopleBrowsr, a desktop and web browser-based dashboard for social networks, is adding a real-time search functionality that would let users make filtered searches into conversations on Twitter, Facebook and FriendFeed.

Launched at TechCrunch’s Real-Time Stream CrunchUp, the search engine is particularly useful to brands and companies looking to have insight into the conversations about their businesses taking place on the social graph. Designed to unearth conversations around particular keywords, the search engine also offers further filtering options. Search results can be filtered by topic, geography and authority.

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