Thursday, November 1, 2012

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In A Bid To Enter The Japanese Market, Kids' Tablet Maker Fuhu Raises $5M From Telecom KDDI Top
nabi tabletJapan's second largest cellular provider KDDI just announced the first US deal for its Open Innovation Fund — a $5 million investment in Fuhu. The Los Angeles-headquartered startup offers a number of products and services (when Fuhu raised its Series B from Acer, we described it as an "avatar startup"), but the one that attracted KDDI's interest is the nabi 2, an Androidtablet built specifically for kids.
 
GetJar Shifts Focus From Distribution To Discovery And Commerce, As Its Virtual Currency Hits 50M Users, 60% Of Revs Top
04562500-photo-getjar-goldYou may know GetJar as the largest independent, cross-platform app store, and one of the largest distributors of Android apps outside of the Android Market. With more than 2 billion downloads and some 150K+ applications, the company continues to grow. This is thanks in part to its "open" model, which allows third-party app makers to distribute apps for most of the major mobile platforms. Getting there has been no small feat, considering the app store competition includes such boldfaced names as Google, Apple, Nokia, Samsung, Blackberry and Microsoft.
 
Yelp Narrows Net Loss By Nearly Half As Third-Quarter Revenues Climb 63% To $36.4M Top
yelp-subscriptionsYelp narrowed its net loss to $2 million for the third quarter after pulling in $36.4 million in net revenue. The company said total reviews went up by 49 percent to 33 million, while the number of local business accounts grew by 82 percent to 35,500. The company changed its guidance for the year, projecting net revenue of $40 million to $40.5 million, with adjusted EBITDA (or earnings before interest, taxes, debt and amortization) of $1.25 million to $1.5 million.
 
Google France Faces Fine Of $1.3 Billion For Tax Noncompliance. Google Denies The Accusation. Top
Google DollarsGoogle France could be ordered to pay $1.3 billion to France's equivalent of the IRS (Direction générale des finances) due to tax noncompliance in 2011. The agency has been investigating Google's revenue in France for months. With only 138 million euros of revenue in France in 2011, the company has used tax-optimization strategies, but has always stated that they comply with the law. It denies the accusation.
 
HyperFair Raises $1.1 Million — Ready For Your Trip To A Virtual Trade Show? Top
hyperfair logoHyperFair, a startup with a platform for running online trade shows, says it has raised $1.1 million in seed funding. The idea of a virtual trade show isn't new, but the practice hasn't exactly taken off. Perhaps that's what you'd expect, since it's hard to imagine an online experience taking the place of a real-world show.
 
Want To Unionize Developers? Focus On Workplace Democracy Top
local23BDespite the efforts of many different organizers over the years software developers have resisted unionization. The relatively high pay and good working conditions of developers, the stereotype of geeks as loners and the general decline of unions in the U.S. are all commonly cited reasons. But maybe unions are failing in tech because they're not addressing the real issue: giving developers more control over their work life.
 
Former Tumblr President John Maloney Joins Storenvy Board Top
Screen_shot_2010-10-10_at_8.25After a brief hiatus from any official tech role, former Tumblr president John Maloney will be joining the board of custom store platform Storenvy this week. A combination of a custom storefront builder and an eCommerce discovery platform like Wanelo or TheFancy, Storenvy allows sellers to build their own custom marketplaces and scale those marketplaces as part of the Storenvy network, like this and this.
 
Hands On With The Node, A Sensor-Packed Smartphone Dongle Top
postsAs a scientist practicing actual, bonafide science, I have often found myself in need of immediate g-force readings or barometric pressure analyses for my scientific problems. Whereas before I had to use my sextant and trident and thermowhozzit, I can instead use the Node.
 
LinkedIn Beats Expectations With Another Strong Quarter: $252 Million In Q3 Revenue, Up 81% Year-Over-Year Top
linkedinProfessional-minded social network LinkedIn once again beat Wall Street analysts' expectations this afternoon when it announced the financial results for the third quarter of 2012. LinkedIn announced that it made $252 million in revenue during the third quarter, up 10 percent sequentially from its Q2 revenue of $228.2 million and up 81 percent year-over-year from its Q3 2011 revenues of $140 million.
 
LocalVox Buys Postling To Give SMBs A One-Stop Shop For Social Media Management & Local Marketing Top
Screen shot 2012-11-01 at 12.45.31 PMIf you don't live in New York City, you may not have heard of LocalVox. But the startup, which aims to simplify local marketing for small businesses and publishers, is beginning to take off. Headquartered in the Big Apple, the startup initially focused its efforts in its own backyard, but thanks to the $7.5 million series A it closed two weeks ago, it is now setting its sights on a more national audience. As part of increasing that scope, LocalVox is today announcing the acquisition of Postling, also an NYC-based startup, which makes a social media dashboard that helps small business owners monitor their social streams, get notified when someone posts to their social pages and discover who their most influential followers and customers are one social media.
 
As Regulators Seek To Revise Limo Rules, Uber's On-Demand Car Service Faces Shutdown In Chicago Top
uberAnother day, another regulator seeking to shut down Uber. At least that's what it looks like, this time in Chicago. The Chicago Business Affairs and Consumer Protection department proposed new regulations for limo services that would essentially prohibit car services from using electronic devices to measure time and distance to determine fares when picking up and charging users.
 
Move Over Teddy Ruxpin, This ToyTalk Bear Will Absolutely Blow Your Mind Top
3714945978_6069b59721_zThere's a company that people have been buzzing about for some time called ToyTalk, which was founded by former Pixar CTO Oren Jacob. He was also previously an EIR at August Capital. A video was released today showing off what the company is working on and it's pretty awesome. Basically, it's a talking teddy bear that uses artificial intelligence and scripted voices.
 
Airbnb Waives Fees For Sandy-Affected Users, Encourages Lower Prices From Hosts Top
airbnb_blueWe've seen a few companies rally behind the victims of Hurricane Sandy, and today Airbnb joins the fold. The peer-to-peer home sharing startup has decided to waive all of its fees for both hosts and guests in Sandy-affected areas. They are also encouraging hosts to lower prices and take in refugees who may be without power, water, or a home at all.
 
Reminder: Our Northern Meetups Are Next Week. Is Your Pitch Ready? UPDATE: Free T-Shirts! Top
meetups21-121Hello, Great White North! We are officially out of tickets for the Northern Meet-ups, our flights and hotels are booked, and we're raring to meet all of you in Toronto, Detroit, and Chicago. For more information head over to the individual event pages (Detroit, Chicago, and Toronto) if you've signed up be sure to show up early because we're expecting a packed house at each one.
 
"In the Studio," Bump's David Lieb Discusses Flock And A Shift To Background Services Top
Screen shot 2012-10-16 at 12.38.09 PM"In the Studio" this week hosts a first-time founder and entrepreneur who began his career as an engineering student at two of the country's finest universities and played baseball for his college team, after which he worked at one of the country's largest technology research and product companies before enrolling in and dropping out of business school to work on building a company in Silicon Valley. David Lieb, the co-founder and CEO of Bump Technologies, has been focused on mobile since he dropped out of the MBA program at the University of Chicago to build this company. Since then, Bump has been growing (in terms of downloads) and drives a lot of sharing of photos and contacts among users, especially during weekends. Before starting Bump, Lieb finished engineering degrees working with robots and joined Texas Instruments, where he worked with algorithms. The timing of Bump couldn't have been better, with the rise of the iPhone and their innovative use of sensors drove them to enjoy great growth.
 
Microsoft Rolling Out Azure Cloud To China, A Deal Only The Chinese Government Can Love Top
azurebloglogoMicrosoft has made a deal with China to offer Windows Azure in the country. The deal is ballyhooed as a landmark agreement but, at its core, represents something that only the Chinese government can love.
 
Facebook's Next Money Maker? Its Version Of AdWords In Its New App Center Search Top
App Center Keyword Ads done 2Facebook added a search box to its App Center today, but what it might do next is more interesting. Facebook could soon let developers pay to buy search keyword ads in the App Center search typeahead, similar to the specific name ads in its site-wide search typeahead. And if App Center goes beyond the typeahead and launches a search results page, it could host full-blown AdWords-style search ads.
 
Apple's North American Mobile Web Traffic Surges Following iPhone 5 Launch Top
chitika-insightsApple's share of mobile web traffic rose 5.96 percent between September and October, thanks no doubt to the introduction of the iPhone 5, and likely also helped by the shipping of the 4th generation iPod touch. Apple controlled 65.38 percent of the traffic advertising network and research firm Chitika saw across the millions of devices, and Samsung gave up the most ground.
 
Nominations Are Open For The 6th Annual Crunchies Awards Top
crunchies2012It's that time of year again when we start taking nominations for the sixth annual Crunchies Awards, the Oscars of startups and technology. Once again we are co-hosting the awards with GigaOm and VentureBeat and we will return to the beautiful Davies Symphony Hall in San Francisco.
 
Google Wallet Expands To Mobile Web Top
google-wallet-mobileGoogle is today announcing mobile support for its Google Wallet checkout service, which expanded to include micropayments for web content earlier this month. At that time, Google said it would allow online shoppers to purchase premium digital content, ideally priced under $1.00, which also included a 30-minute money-back refund. Today, Google is expanding its service yet again to an area that makes even more sense: mobile shopping.
 

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