Sunday, April 29, 2012

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How Much Revenue Does It Take To Be A $1B Public Company? Top
1billevilWith all the chatter about Billion dollar valuations -- like Instagram, Evernote, Splunk -- combined with recent S1 filings and IPOs, the topic of tech company valuation is coming to the forefront of people's minds. Specifically related to the software industry, the growing number of SaaS IPO candidates of late is signaling an important shift in the way that enterprise software is built and sold. It also indicates that the subscription business model is here to stay. What does this shift towards a subscription economy means for startups, investors and the IPO landscape? First of all – get Instagram out of your mind. The price it sold for is not relevant to us mere mortals who are building B2B software businesses. For all good, non-bubble reasons, SaaS companies need tens of millions in revenue, high growth, and solid business fundamentals. What you may notice though, is that revenue may be lower than what we've become accustomed to during the last few years of IPO drought.
 
Achievement Unlocked: Apple Wins Applecom.com And Appleprinters.com After WIPO Complaint Top
apple_rainbow_logoApple still doesn't own iPad.com, apple.co.uk or many other domains that contain its name or names of its products, but it is now the proud owner of applecom.com and appleprinters.com -- two domains that were the subject of a complaint Apple made to the World Intellectual Property Organization complaint Apple made about a month ago. If you now visit those URLs, they automatically redirect to Apple's main site.
 
Test Driving GAIN Fitness, The App That Turns Your iPhone Into A Personal Trainer [TCTV] Top
Screen Shot 2012-04-29 at 12.08.13 PMSummer is on its way, and self-improvement is on everyone's minds -- so it seems like each day I hear about a new must-have app focused on fitness, health, nutrition, or the "quantified self" in general. And now that the tech startup scene is hotter than ever, many of these apps are backed by serious investors and have big plans for the future. Take GAIN Fitness. The San Francisco-based company, headed up by former college athlete and ex-Googler Nick Gammell, makes web and mobile apps that provide personalized workout routines and track users' progress as they go through them. It sounds solid on paper, but with all the options out there we wanted to look a bit closer at the company and its product. So we met up with Gammell at a gym in downtown San Francisco to talk to him about GAIN Fitness and test drive the app ourselves.
 
Weathermob Nabs Funding To Make Sharing Weather Reports More Social Top
WeathermobWeathermob, a mobile, social network for sharing weather reports around the globe, has raised $360,000 in new funding from a number of angel investors including Christopher Austin, Tim Albright, Drew Volpe and Mark Hastings. Via a free iOS app, Weathermob allows anyone to become a weather reporter. The app mashes up real-time meteorological data, photo and video sharing to allow users to report on and share the weather in their current location. Since launching in November, the app already has millions of users from 128 countries.
 
The TechCrunch Meet-Up In NYC Is Officially Official: RSVP Now Top
NYC_Times_SquareAs the days pass, the big moment draws nigh. No, I'm not talking about Disrupt, which is a big moment in its own right, nor am I teasing any other big launch. I'm talking about a party. A huge party. We initially called it a mini meet-up — a gathering of New York's tech startup scene, including investors, entrepreneurs and TechCrunch editorial — but its grown into so much more than that. With over 600 RSVPs, ten sponsors, a badass venue, and more TC staff in attendance than we'd originally expected, our mini meet-up is now massive.
 
Foxconn Profit Down As Scrutiny Forces Corporate Changes Top
scaledwm-img_3792Taiwanese electronics manufacturer Foxconn saw its profits fall to $509 million from $1.19 billion last quarter. Chairman Terry Gou said this quarter was particularly affected by Foxconn's recent image problem. Improvements in wages, worker benefits, and education accounted for some of the loss, although new iPad and iPhone 4S manufacturing bolstered income last quarter. As a reaction to recent popular criticism on various fronts, the company increased wages by 25 percent this year and is planning to open a hospital and language schools for its employees.
 
How Tablets Are Transforming Business Intelligence Top
ipad_kb_side_bigStaying on top of your game and understanding the competitive landscape is essential to winning in the modern business world. A huge component to staying ahead of the curve is keeping a close eye on competitors in your market, which entails maintaining a watchful eye on industry news. Some companies turn to expensive news monitoring services to keep track of their respective industry, but in reality there are more viable options. Emerging tablet news and information services like Flipboard, Pulse and others are proving an incredible companion to business and consulting executives in staying current with industry changes occurring around them. Jeff Cavins, CEO of Fuzebox, recently wrote in Business Insider that the explosive uptake of tablet computers is fueling the growth of what he called the new "iPad economy." Cavins said: "The iPad is shifting the way businesses function, changing how executives interact and transforming the economics of today's business operations."
 
The Future of Science Top
typewriter vintage image GraphicsFairy1Almost every technological and medical innovation in the world has its roots in a scientific paper. Science drives much of the world's innovation. The faster science moves, the faster the world moves. Progress in science right now is being held back by two key inefficiencies:
 
Data Driven Decisions for Startups Top
6259499293_b577b94cfd_b"If you don't have any facts, we'll just use my opinion." - Jim Barksdale (former president and CEO of Netscape). Startups are the sum of the decisions made by the people who run them. Should you raise money? Who should you raise money from? What should be your marketing strategy? What are the next features you should build? Who should you hire? Ok.. you get the point. If decisions are so important then it might be worthwhile to think about how to make them better. A lot of research has been done on this subject and you can literally spend years going through the books, papers and the various theories and schools of thought in decision-making. Needless to say, that will probably be a bad decision by itself. Instead, it is more important to understand why data driven decisions work and to instill such a culture in your company.
 
Google Releases Full Report On Street View Investigation, Finds That Staff Knew About Wi-Fi Sniffing Top
evilbearEarlier today Google released the full report of the FCC's investigation into the collection of  "payload data" from open Wi-Fi networks -- aka passwords, email and search history from open networks -- that its fleet of Street View cars obtained between 2008 and April 2010. An earlier and heavily redacted version of the report was released on April 15 but today's version only redacted the names of individuals. The report found no violation of any wrong doing by the company because there was no legal precedent on the matter. The FCC found that Google did not violate the Communications Act citing the fact that Wi-Fi did not exist when it was written. However, the FCC did fine Google $25,000 for obstructing the investigation, which was presumably the outcome of Google refusing to show the FCC what the data being collected entailed because it might have shown that the company broke privacy and wiretapping laws. Google says any obstruction was result of the FCC dragging out the investigation. Interestingly enough, the report did reveal that the data harvesting was not the act of a rogue engineer and that said engineer notified the Street View team of what was going on. (Wait. What? Google knew this was going on! It gets even better.)
 
No, AirPlay Is Not The New Apple TV Top
a3If you asked your mom or dad what DLNA or UPnP stood for or did, would they just look at you weird? While the two technologies enable users to wirelessly beam content to Internet Connected TVs from their tablets, phones, and computers, Apple's AirPlay is the first implementation that makes the experience seamless. Tap the button again and playback resumes on your root device. No complicated setup is required - it simply works. Some, like Bloomberg and Hunter Walk, have suggested that AirPlay is Apple TV, and that Apple will simply license AirPlay to the major Connected TV manufactures - and by default every Connected TV sold will be an "Apple TV" - the remote being your iPhone or iPad. It's certainly a sensible theory - there are 250 M+ iOS devices, and with the upcoming OS X update, laptops can now leverage Airplay as well. That's over 300M Apple devices that can push content to TVs.
 
Hardware Start-Ups: Join Us In Hardware Alley At TechCrunch Disrupt NY Top
23-75TechCrunch Disrupt is all about start-ups but we often give short shrift to hardware-based companies. Well, that's about to change because we're now running Hardware Alley, a one day exhibition of some of the coolest hardware start-ups in NY and beyond. Running a Kickstarter project? Building a better mousetrap? Creating something cool out of scrap metal and wires? Register as a Hardware Alley exhibitor. You'll get admission on the last day of Disrupt, May 23, a table to show off your goods, and access to some of the most interesting people (and most interesting VCs) in the world. We'd love to have you.
 
HTC One S Review: I Give It A Fly Top
IMG_0053Despite the fact that there's no real wow factor here, it would be entirely unfair to say that HTC's One S isn't a great phone. It is. The hardware is some of the best I've seen in a long time, Sense 4 is quite nice albeit a touch heavy for my taste, and the specs are right in line with what we're seeing on the market today. Truth be told, anyone at T-Mobile would be lucky to have one. S. (Lawl.)
 
Lane Becker On How To 'Plan Serendipity' In Tech And Business [TCTV] Top
Screen Shot 2012-04-28 at 12.23.13 PMLane Becker has been a familiar figure in the Silicon Valley tech scene for years, as the co-founder of startups such as Adaptive Path and Get Satisfaction, and an advisor at early-stage venture capital firm Freestyle Capital. Becker recently added "New York Times Bestselling Author" to his list of descriptors, when the book "Get Lucky: How to Put Planned Serendipity to Work for You and Your Business" which he wrote with his Get Satisfaction co-founder Thor Muller debuted at the number six spot on the NYT's best seller list.
 
The Seven Forces Disrupting Venture Capital Top
shift keyFor the past two years, I have read or glanced over what seems like hundreds of blog posts and thousands of tweets from people who either directly claim or indirectly hint at a disruption of traditional venture capital. For some, the factors related to the economy, that limited partners and especially institutional investors were reviewing their investment approaches. For others, it seemed as if there was too much money in the venture asset class, that there was too much money chasing too few real opportunities. There seemed to be a long laundry list of why venture capital was undergoing this shift, but never any thread that could lay out all the factors and synthesize just how each factor contributed to shift. That is, until now..
 
Cyberpunks Rejoice: Kickstarter Project Aims To Resurrect Shadowrun Top
Screen Shot 2012-04-28 at 1.41.07 PMIf you spent any time in high school thinking about ley lines and bio-implants, you were probably a Shadowrun player. The game, which petered out after a disastrous run as a PC/Xbox game in 2007, brought the high-tech of William Gibson to the magical realms of Mr. Gygax. It was, in short, pretty cool. A Kickstarter project aims to bring back all that fun in video game form, adding lots of what you missed about Shadowrun back to the PC. This new version will be a RPG involving the Shadowrun world complete with various character types - elves, samurai, humans - and, although this is discouraged, deals with dragons. $15 gets you a copy of the game while $60 gets you a t-shirt and some in-game perks.
 
Gillmor Gang: The Teddy Bear Bubble Top
Gillmor Gang test patternThe Gillmor Gang — John Borthwick, Danny Sullivan, John Taschek, and Steve Gillmor — took the bait and played the Are We in a Bubble game. With Apple's stock price in free fall, the mobile giant reported another blowout What Me Worry quarter that sent the stock right back up. Meanwhile, Google announced, no, shipped Gdrive, and sent shivers down the collective cloud storage spine. What Gdrive really does is consolidate Google Office under an attractive layer of collaborative unification, borrowed first from Ray Ozzie's Mesh service and now emulated by a raft of smaller players bubbling up from Startupville. While we're all twisting slowly in the Apple wind, the real action is taking place in what the chat room somehow called the Teddy Bear Cloud. It's the new binky.
 
They Ain't Making Any More of Them: The Great Engineering Shortage of 2012 Top
3483548677_3dc371b216_zCorner any up-and-coming Kevin Systrom wanna-be and have a heart-to-heart about the challenges of building a successful company and at some point you'll likely wander into the territory of bemoaning how tough it is to hire people with technical skills. At a party recently a startup founder told me "If you could find me five great engineers in the next 90 days I'd pay you $400,000." Which is crazy talk.
 
How Great Entrepreneurs Create Their Own Luck Top
696This is the story of how a young Irish fine artist accidentally became a materials scientist, founding a high-growth company that created a whole new product category. It's also a parable for how great entrepreneurs systematically create their own luck. Jane ni Dhulchaointigh is the founder and CEO of Sugru, a London-based startup that makes an amazing moldable adhesive for repairing any physical object. It's a cross between silly putty and duct tape, a space age rubber that can be molded into any desired shape by hand, and that sticks to a vast array of surfaces. With customers in over 100 countries, and all seven continents, Sugru has taken the world by storm.
 
Book Excerpt: Bruce Perry's Fitness For Geeks Top
Screen Shot 2012-04-27 at 8.53.27 AMAnd Now for Something Completely Different Try this: you wake up without an alarm sometime soon after sunrise, with plenty of time to spare to make it to work. It was a good sleep; you went to bed just after nine o'clock after having a snack consisting of coconut milk blended with blueberries and a little whey powder. You're already savvy about getting enough REM sleep, but now you aim to bump up your deep sleep, or restorative NREM. You might even check out the wave chart your Zeo produced. The first thing you do is pour a cup of black tea or coffee and go outside to this pool of sunlight you've noticed out your window. You bask and reflect in it for a minute, perhaps followed by a few Tai Chi moves, push-ups on the lawn, or pull-ups on the jungle gym across the street from your apartment. You sip a bit more coffee and return to your living space to get ready for the commute. Technically speaking, as you gazed up into the sky and basked in that sun, the light rays touched your retinas and were transduced by the hypothalamus and pineal gland in your brain, which has now helped set your circadian rhythms for the day.
 

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