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After buying Terracotta last week, Software AG is continuing its acquisition spree today. The provider of business process management solutions has acquired UK mobile development company Metismo. Financial terms of the deal were not disclosed. Founded in 2007, Metismo provides a platform for the design and development of device independent mobile apps. The company's write once – run anywhere software Bedrock platform for the development of mobile applications converts Java source code to native source code for different mobile devices. 
Next week, Apple will unveil its much-anticipated iCloud service at its annual developer conference, WWDC. Apple even put out a press release this morning pre-announcing the service—something it almost never does. Details began leaking out in March, and then the name was pretty much confirmed when Apple bought the domain iCloud.com. Yet for all the talk and speculation, we still don't know exactly what iCloud will look like, or what services it will include. Here is what we know so far (or at least what we think we know):
I wrote a book in 2004 about hackers, spammers, and other nerds and I thought I'd like to share it with the world. It's currently available on Amazon and B&N and is $9.99 for the print edition and an inexplicable $9.49 in the Kindle edition. It is apparently not available for the Nook. The book is 7 years old and is nearly out of print. It is about spammers, hackers, and viruses and I wrote it for a general audience like my dad who may or may not be all that technically savvy. It's not a How-To as much as an exploration of the personalities in hacking. 
Earlier this year, Yuri Milner and Ron Conway's SV Angel announced a new fund that offers all Y Combinator startups $150,000 in convertible debt. Not only is The Start Fund a brilliant investment strategy, but the news was also a big win for Y Combinator and the startups housed and developed in the incubator. And it was only a matter of time before other incubators and funds caught on to the idea and emulated a similar strategy. Today, New World Ventures, one of the Midwest's largest early stage funds, is partnering with Chicago incubator Excelerate Labs to offer their own version of the Start Fund. Excelerate, which launched its incubator last year, will now offer its entrepreneurs $50,000 in convertible debt from New World Ventures, with no discount or cap. The money is available for Excelerate's 2011 class of ten startups. Roughly one-third of the money is available for draw down during the Summer and the remainder is available after Demo Day in August. 
Pop over to iCloud.com today and you'll see a doomed web page. The domain, which redirects to Xcerion's CloudMe software, is sitting on some prime real estate, namely Apple's new iCloud service. In a short release, Apple confirmed the existence and name: 
There goes all the fun rumors and wild speculation. Apple just released a press release detailing what's coming next week at the company's annual Worldwide Developers Conference. I'll let that sink in for a moment. Apple pre-announced something -- iOS 5 and OS X Lion to be exact. Oh, and something called iCloud, too. It was already generally accepted that the two operating system were going to debut next week, but it's rather strange that Apple would take to the wires with a pre-announcement. Please correct me if I'm wrong, save a teaser image showcasing a roman numeral and a large feline, the company hasn't done this in recent history. The presser is after the break but it's more of an advert for the developer's conference. This pre-announcement either means Apple doesn't have that much to show, or, hopefully, there's so much that the company had to announce some ahead of time to make room in Steve's keynote.
Digital advertising technology company OpenX has scored $20 million in its fourth round of financing, provided by the venture capital arms of strategic partners such as AOL and SAP, in addition to Asian investors Mitsui & Co and Presidio Ventures (Sumitomo). Previous backers Accel Partners, DAG Ventures and Index Ventures also participated in the round, which brings OpenX's total funding raised to $50 million.
Lightbank-backed test prep app developer Watermelon Express is announcing a rebranding today, relaunching as BenchPrep. BenchPrep develops cross-platform apps to help students prepare for a number of standardized tests including the GRE, SAT, GMAT, LSAT and MCAT. The startup collaborates with educational publishers to integrate content into its platform, which will work across a variety of devices including the iPhone, iPad, computers, Android and more. The company's Android, iPad, Web and iPhone apps now include a marketplace where users can purchase study content across dozens of subject matters from a variety of publishers, including McGraw Hill. 
Exclusive - Wooga doesn't get even half the attention that's been given to its closest rivals in the social games space, namely Zynga and EA. But the European games developer is taking off big time, and it's no surprise to see venture capitalists jump on the opportunity to invest before everyone starts taking notice. The Berlin, Germany-based startup has raised a huge Series B round of financing, TechCrunch has learned - $24 million, to be more specific, bringing its total capital raised to a healthy $31.5 million. The round was led by Highland Capital Partners, with Tenaya Capital and previous backers Balderton Capital and HV Holtzbrinck Ventures participating.
There are literally hundreds of thousands of iPhone, iPad and Android apps to choose from, and yet finding good apps is far from easy. App discovery and recommendations is a fertile niche where a few startups are fighting for mindshare. After being downloaded more than 2 million times, app discovery startup Appsfire closed a $3.6 million series A, led by French VC firm IDinvest. (Appsfire is based in Paris and Tel Aviv, and was co-founded by Ouriel Ohayon, who used to be the editor of TechCrunch France). Appsfire crossed 1 million downloads in February, and then the 2-million mark in May. Ohayon says its various apps for the iPhone, Android, iPad, and kid's apps is generating 3 million leads to app developers each month. Appsfire lets you share your favorite apps with your friends via the web, your mobile device, or Facebook. 
Last week at TechCrunch Disrupt, Google VP of Location and Local Services Marissa Mayer took the stage for an interview with our own Michael Arrington, where they discussed everything from Google's mobile growth to Mayer's investment strategy. A few minutes after the interview, I had the chance to ask her a few more questions about Google's approach to mobile and local. It's only been a few weeks since I interviewed Mayer about Google's two pillar approach to local, but I still had plenty of questions. The first thing I asked: what happens if and when Apple decides to swap out the Google Maps application that ships with every iPhone, iPod Touch, and iPad in favor of something that it built in-house (Apple has confirmed that it's working on an improved traffic database, and has also quietly acquired some mapping-related startups).
We're hearing from multiple sources that Twitter is in talks to acquire Y Combinator-backed key word bidding platform AdGrok for a deal that is less than $10 million. It's still unclear where exactly the deal is in the closing process or whether this is a tech acquisition or an acqui-hire. AdGrok itself automates the process of bidding on contextual keywords on Google AdWords, perhaps Twitter could find some use in this for their own promoted trends? 
A few days ago, Facebook held a tech talk at their headquarters. The topic of the talk was pushing changes — bug fixes, new features, product improvements, etc. Every day, Facebook engineers push hundreds of these; some big, some little. Most of the 600 million-plus users never notice a thing. And apparently, we're even less likely to notice changes due to a special feature Facebook has. The "Everyone But TechCrunch Can See This" feature. As Facebook engineer Chuck Rossi details around minute 23:00 in the video, Facebook has a tool they call "Gatekeeper" which allows them to be in control of who can see what code live on the service at any given time. As Rossi points out, right now on Facebook.com there is already the code for every major thing Facebook is going to launch in the next six months and beyond! It's the Gatekeeper which stops us from seeing it. 
Twitter has been completely emphatic about where developers should stake a claim, with Twitter Platform Lead Ryan Sarver warning the ecosystem to stay away from building "client apps that mimic or reproduce the mainstream Twitter consumer client experience." Well if Sarver stays true to his word the Twitpics and Yfrogs of the world can just give it up now. According to multiple sources, Twitter is on the verge of announcing its own built in Twitpic competitor. Like tomorrow, if things go according to plan (naturally this post might change that).
Pew Internet, a think tank that regularly publishes research reports about technology, has released a new study today showing the steady growth in using VoIP and phone services online. According to the organization's report, a quarter of American adult internet users (24 percent) have placed phone calls online. That amounts to 19 percent of all American adults. On any given day 5 percent of internet users are going online to place phone calls, says Pew. And Pew says that usage has grown significantly from a few years ago. For example, Pew found in February 2007 that 8 percent of internet users (6 percent of all adults) had placed calls online and 2% of internet users were making calls on any given day. At various points during the 2000s, Pew held similar surveys and found that at most about a tenth of internet users had ever used the internet to place calls and the daily figure never rose above 1 percent of internet users.
This is guest post by Ian Hogarth, co-founder of Songkick, relates how 45 startups in London's East End got tired of being over-shadowed by the financial sector in London and created their own event to lure wanna-be startupers. Sunday 15th May was a significant event for the London start-up community. 45 start-ups from across London gathered in one room with a single purpose – preventing banks and consultancies hiring the best UK engineering and computer science talent. In the Bay Area the biggest recruitment challenge start-ups face is how to stand out from the crowd, with so many start-ups and a hiring boom. In London the start-up ecosystem has a different problem – developers aren't aware start-ups exist. Most UK graduates in computer science assess their options via the 'Milkround', a giant careers fair held every year on university campuses across the UK. Banks, consultancies, Google, Microsoft and others spend tens of millions advertising to graduates and without the density of Silicon Valley, smaller start-ups are drowned out. 
In this episode of Founder Stories with host Chris Dixon, Reddit Founder, Alexis Ohanian takes Dixon back to his college days at the University of Virginia where he and co-founder Steve Huffman bonded over video games and began plotting ways to avoid taking a real job after graduation. Not wanting to be holed-up in a cubicle for 50 years, they submitted an idea to Y Combinator, the idea got rejected, they got accepted, and together began building around the concept of "people deliberately trying to find and share new and interesting stuff online" says Ohanian.
According to several sources Airbnb is in the process of closing a whopper of a funding round: $100 million or more at a $1 billion-plus valuation. The round is being lead by Andreessen Horowitz, and includes participation from DST, say our sources. That's a big increase from the company's last funding round of $7.2 million, which included Sequoia Capital, Greylock, SV Angel, Ashton Kutcher and Youniversity Ventures (Kutcher broke the news that he's an investor in AirBnB at TechCrunch Disrupt last week). The company, which launched via Y Combinator, has raised just $7.8 million to date. No surprise, it was a hotly contested deal. The service has exploded, growing more than 800% last year and booking 1.6 million night stays in other people's homes to date. On any given night in New York there are more people staying in homes via Airbnb than there are rooms in the biggest hotel in Manhattan.
If you're in the United States, you're probably tired of hearing about Spotify, the on-demand music service that lets you to listen to any of 13 million tracks as often as you'd like on both your PC and mobile phone. The service still hasn't managed to close deals with the major music labels over here, but it has developed quite a following in Europe, with over 10 million users and 1 million paid subscribers. And when it finally does come stateside it might turn into an even bigger hit. And it all started with one main business idea: make a music service that's more convenient than piracy. That's one of the highlights from a presentation given by Spotify engineer Gunnar Kreitz at KTH Royal Institute of Technology last month (many of Spotify's engineers came from KTH). Unfortunately I'm not seeing a recording of the presentation anywhere online, but Kreitz has posted the slides to his website, which you can find embedded below. The slides outline some of the key technical attributes that make Spotify what it is, many of which revolve around one key factor: speed. 
Ashton Kutcher started dabbling in tech startups a few years ago, but he is no longer a dabbler, as his his Disrupt interview with Charlie Rose last week made clear. Kutcher is an investor in a dozen tech companies, including Skype, Foursquare, Path, and Kevin Rose's Milk. In this backstage interview with Sarah Lacy, he reveals that he is also an investor in AirBnB (whose CEO Brian Chesky was also at Disrupt) and why he thinks the company is different. Kutcher talks about his approach to investing in startups. At first it was very much a leraning process for him. "I became an apprentice" to other tech investors, he says, because "I don't like to fail." 
IAC-owned Match.com has set its sights on Europe's largest dating site, Meetic.com. Match Match.com has put in a public tender offer to acquire all of the outstanding shares of Meetic for €15.00 per outstanding share in cash (that's $21.42 in U.S. dollars). That's a 11.6 percent increase in value from the closing price of Meetic shares on May 27, 2011 (€13.44) and values the company at nearly $500 million. Match.com actually already owns approximately 27% of the outstanding shares of Meetic, which it obtained when it combined its European businesses with Meetic in 2009. Back then, IAC sold 100 percent of the stock of Match Europe – the entity that houses Match.com's European operations – for an approximate 27 percent stake in Meetic, plus a 5 million euro note. 
Seems like it's Sub-Saharan Month around here: first Sarah Lacy went to Nigeria, and now here I am in Addis Ababa, Ethiopia's capital and Africa's fourth-largest city. It feels like a boomtown. There are cranes and construction sites everywhere, throwing up gleaming new glass-and-steel buildings full of shops selling computers and mobile phones. The major thoroughfares throng with people making, trading, repairing, unloading, selling, and generally hustling. Don't get me wrong: this is still a poor country. Electrical outages are regular occurrences, the taxis that patrol the city's broad avenues are rusting Ladas, and the side streets are harrowed dirt strewn with garbage, lined with tin shacks, and patrolled by beggars and feral dogs. But I've only seen occasional pockets of the poisonous stagnation I've found so often elsewhere south of the Sahara. This feels like a place where things happen. It's a city and culture that could be on the cusp of a genuine transformation, catalyzed by technology—were it not for a single, gigantic roadblock: its own government.
Seth Sternberg is the CEO and Co-founder of Meebo. He previously worked in M&A at IBM. I love talking to aspiring entrepreneurs—I do it once a week at minimum. I often get asked "what's the role of a startup CEO?" Sometimes people are curious about the pre-launch "CEO" and ask if a startup really needs one. If that CEO isn't an engineer, what do they do anyhow? Other times people wonder what I do today as CEO of a 180 person company. In this post I'll cover the pre-launch role, and in a follow-up, I'll get into the role post-launch. So what does the CEO, who at the beginning is really the general business person, do at a pre-launch startup? Let's go back to the beginning of Meebo, circa April, 2005.
Ever since my first TechCrunch meetup in Berlin in 2008 and 2009 I've been keeping a watchful eye on this city as I travelled around Europe covering startups and explaining the scene to anyone who would listen. But since then it's quite clear that a couple of things have happened. The whole European scene has improved massively. There are now startup events, activity and fundraising across Europe in an ongoing manner. Sure, it's not Silicon Valley (I'm sorry, but who cares?) - in fact we should really be comparing ourselves to our own progress, not to other places. And the news is good. The 'Valley Virus' has spread, and Europe is now starting to boast some amazing startups. 
Continuing our series of interviews with companies in the "Silicon Roundabout" area of London (we're calling this The Roundabout Tapes), we interviewed Clearer Partners. Clearer is a specialised tech/media consulting company but is also doing a startup. The soon to launch Frameblast is aimed at SOHO companies who want to handle video in a smarter way along the lines of Media Silo. Companies can upload their archives into the cloud and use it like a Google search engine for their archive, with tags galore. 
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Software AG Buys Metismo To Expand Enterprise Mobile Offerings
May 31, 3:16PM
After buying Terracotta last week, Software AG is continuing its acquisition spree today. The provider of business process management solutions has acquired UK mobile development company Metismo. Financial terms of the deal were not disclosed. Founded in 2007, Metismo provides a platform for the design and development of device independent mobile apps. The company's write once – run anywhere software Bedrock platform for the development of mobile applications converts Java source code to native source code for different mobile devices. iCloud, YouCloud, We All Scream For iCloud. But What Exactly Will It Be?
May 31, 2:42PM
Next week, Apple will unveil its much-anticipated iCloud service at its annual developer conference, WWDC. Apple even put out a press release this morning pre-announcing the service—something it almost never does. Details began leaking out in March, and then the name was pretty much confirmed when Apple bought the domain iCloud.com. Yet for all the talk and speculation, we still don't know exactly what iCloud will look like, or what services it will include. Here is what we know so far (or at least what we think we know):My Book, Black Hat, Is In ePub Format And Is Free To Download
May 31, 2:42PM
I wrote a book in 2004 about hackers, spammers, and other nerds and I thought I'd like to share it with the world. It's currently available on Amazon and B&N and is $9.99 for the print edition and an inexplicable $9.49 in the Kindle edition. It is apparently not available for the Nook. The book is 7 years old and is nearly out of print. It is about spammers, hackers, and viruses and I wrote it for a general audience like my dad who may or may not be all that technically savvy. It's not a How-To as much as an exploration of the personalities in hacking. Inspired By The Start Fund, New World Ventures Offers Chicago Excelerate Startups $50K
May 31, 2:32PM
Earlier this year, Yuri Milner and Ron Conway's SV Angel announced a new fund that offers all Y Combinator startups $150,000 in convertible debt. Not only is The Start Fund a brilliant investment strategy, but the news was also a big win for Y Combinator and the startups housed and developed in the incubator. And it was only a matter of time before other incubators and funds caught on to the idea and emulated a similar strategy. Today, New World Ventures, one of the Midwest's largest early stage funds, is partnering with Chicago incubator Excelerate Labs to offer their own version of the Start Fund. Excelerate, which launched its incubator last year, will now offer its entrepreneurs $50,000 in convertible debt from New World Ventures, with no discount or cap. The money is available for Excelerate's 2011 class of ten startups. Roughly one-third of the money is available for draw down during the Summer and the remainder is available after Demo Day in August. Apple's Cloud Product Officially Official And It's Called iCloud
May 31, 12:55PM
Pop over to iCloud.com today and you'll see a doomed web page. The domain, which redirects to Xcerion's CloudMe software, is sitting on some prime real estate, namely Apple's new iCloud service. In a short release, Apple confirmed the existence and name: Apple® CEO Steve Jobs and a team of Apple executives will kick off the company's annual Worldwide Developers Conference (WWDC) with a keynote address on Monday, June 6 at 10:00 a.m. At the keynote, Apple will unveil its next generation software - Lion, the eighth major release of Mac OS® X; iOS 5, the next version of Apple's advanced mobile operating system which powers iPad®, iPhone® and iPod touch®; and iCloud®, Apple's upcoming cloud services offering.We've been hearing about the potential cloud services for months now and it seems the stars have finally aligned. The MobileMe service recently received some considerable upgrades to improve performance and stability and there has been oodles of talk about a potential music service in the cloud similar to Rdio or Spotify. That we now know it's called iCloud, officially, is just icing on the cake.
Official: iOS 5, OS X Lion, and iCloud To Be Announced Next Week At WWDC
May 31, 12:41PM
There goes all the fun rumors and wild speculation. Apple just released a press release detailing what's coming next week at the company's annual Worldwide Developers Conference. I'll let that sink in for a moment. Apple pre-announced something -- iOS 5 and OS X Lion to be exact. Oh, and something called iCloud, too. It was already generally accepted that the two operating system were going to debut next week, but it's rather strange that Apple would take to the wires with a pre-announcement. Please correct me if I'm wrong, save a teaser image showcasing a roman numeral and a large feline, the company hasn't done this in recent history. The presser is after the break but it's more of an advert for the developer's conference. This pre-announcement either means Apple doesn't have that much to show, or, hopefully, there's so much that the company had to announce some ahead of time to make room in Steve's keynote.OpenX Secures $20 Million In Series D Funding To Fuel Growth, Acquisitions
May 31, 11:59AM
Digital advertising technology company OpenX has scored $20 million in its fourth round of financing, provided by the venture capital arms of strategic partners such as AOL and SAP, in addition to Asian investors Mitsui & Co and Presidio Ventures (Sumitomo). Previous backers Accel Partners, DAG Ventures and Index Ventures also participated in the round, which brings OpenX's total funding raised to $50 million.Watermelon Express Rebrands As BenchPrep; Launches App Store For Test Prep Content
May 31, 11:56AM
Lightbank-backed test prep app developer Watermelon Express is announcing a rebranding today, relaunching as BenchPrep. BenchPrep develops cross-platform apps to help students prepare for a number of standardized tests including the GRE, SAT, GMAT, LSAT and MCAT. The startup collaborates with educational publishers to integrate content into its platform, which will work across a variety of devices including the iPhone, iPad, computers, Android and more. The company's Android, iPad, Web and iPhone apps now include a marketplace where users can purchase study content across dozens of subject matters from a variety of publishers, including McGraw Hill. Scoop: European Social Games Phenomenon wooga Raises $24 Million
May 31, 6:29AM
Exclusive - Wooga doesn't get even half the attention that's been given to its closest rivals in the social games space, namely Zynga and EA. But the European games developer is taking off big time, and it's no surprise to see venture capitalists jump on the opportunity to invest before everyone starts taking notice. The Berlin, Germany-based startup has raised a huge Series B round of financing, TechCrunch has learned - $24 million, to be more specific, bringing its total capital raised to a healthy $31.5 million. The round was led by Highland Capital Partners, with Tenaya Capital and previous backers Balderton Capital and HV Holtzbrinck Ventures participating.With 2 Million Downloads Under Its Belt, Appsfire Raises $3.6 Million Series A
May 31, 2:02AM
There are literally hundreds of thousands of iPhone, iPad and Android apps to choose from, and yet finding good apps is far from easy. App discovery and recommendations is a fertile niche where a few startups are fighting for mindshare. After being downloaded more than 2 million times, app discovery startup Appsfire closed a $3.6 million series A, led by French VC firm IDinvest. (Appsfire is based in Paris and Tel Aviv, and was co-founded by Ouriel Ohayon, who used to be the editor of TechCrunch France). Appsfire crossed 1 million downloads in February, and then the 2-million mark in May. Ohayon says its various apps for the iPhone, Android, iPad, and kid's apps is generating 3 million leads to app developers each month. Appsfire lets you share your favorite apps with your friends via the web, your mobile device, or Facebook. Disrupt Backstage Pass: Google's Marissa Mayer Talks Serendipity (And Dodges The Apple Question)
May 30, 11:47PM
Last week at TechCrunch Disrupt, Google VP of Location and Local Services Marissa Mayer took the stage for an interview with our own Michael Arrington, where they discussed everything from Google's mobile growth to Mayer's investment strategy. A few minutes after the interview, I had the chance to ask her a few more questions about Google's approach to mobile and local. It's only been a few weeks since I interviewed Mayer about Google's two pillar approach to local, but I still had plenty of questions. The first thing I asked: what happens if and when Apple decides to swap out the Google Maps application that ships with every iPhone, iPod Touch, and iPad in favor of something that it built in-house (Apple has confirmed that it's working on an improved traffic database, and has also quietly acquired some mapping-related startups).Twitter Close To Acquiring AdGrok
May 30, 8:17PM
We're hearing from multiple sources that Twitter is in talks to acquire Y Combinator-backed key word bidding platform AdGrok for a deal that is less than $10 million. It's still unclear where exactly the deal is in the closing process or whether this is a tech acquisition or an acqui-hire. AdGrok itself automates the process of bidding on contextual keywords on Google AdWords, perhaps Twitter could find some use in this for their own promoted trends? The Next 6 Months Worth Of Features Are In Facebook's Code Right Now (But We Can't See)
May 30, 8:04PM
A few days ago, Facebook held a tech talk at their headquarters. The topic of the talk was pushing changes — bug fixes, new features, product improvements, etc. Every day, Facebook engineers push hundreds of these; some big, some little. Most of the 600 million-plus users never notice a thing. And apparently, we're even less likely to notice changes due to a special feature Facebook has. The "Everyone But TechCrunch Can See This" feature. As Facebook engineer Chuck Rossi details around minute 23:00 in the video, Facebook has a tool they call "Gatekeeper" which allows them to be in control of who can see what code live on the service at any given time. As Rossi points out, right now on Facebook.com there is already the code for every major thing Facebook is going to launch in the next six months and beyond! It's the Gatekeeper which stops us from seeing it. Twitter Is Launching Its Own Photosharing Service
May 30, 7:33PM
Twitter has been completely emphatic about where developers should stake a claim, with Twitter Platform Lead Ryan Sarver warning the ecosystem to stay away from building "client apps that mimic or reproduce the mainstream Twitter consumer client experience." Well if Sarver stays true to his word the Twitpics and Yfrogs of the world can just give it up now. According to multiple sources, Twitter is on the verge of announcing its own built in Twitpic competitor. Like tomorrow, if things go according to plan (naturally this post might change that).Pew: A Quarter Of American Internet Users Have Placed Phone Calls Online
May 30, 7:24PM
Pew Internet, a think tank that regularly publishes research reports about technology, has released a new study today showing the steady growth in using VoIP and phone services online. According to the organization's report, a quarter of American adult internet users (24 percent) have placed phone calls online. That amounts to 19 percent of all American adults. On any given day 5 percent of internet users are going online to place phone calls, says Pew. And Pew says that usage has grown significantly from a few years ago. For example, Pew found in February 2007 that 8 percent of internet users (6 percent of all adults) had placed calls online and 2% of internet users were making calls on any given day. At various points during the 2000s, Pew held similar surveys and found that at most about a tenth of internet users had ever used the internet to place calls and the daily figure never rose above 1 percent of internet users.Silicon Milkroundabout: How London Startups Took Hiring Back Into Their Own Hands
May 30, 6:02PM
This is guest post by Ian Hogarth, co-founder of Songkick, relates how 45 startups in London's East End got tired of being over-shadowed by the financial sector in London and created their own event to lure wanna-be startupers. Sunday 15th May was a significant event for the London start-up community. 45 start-ups from across London gathered in one room with a single purpose – preventing banks and consultancies hiring the best UK engineering and computer science talent. In the Bay Area the biggest recruitment challenge start-ups face is how to stand out from the crowd, with so many start-ups and a hiring boom. In London the start-up ecosystem has a different problem – developers aren't aware start-ups exist. Most UK graduates in computer science assess their options via the 'Milkround', a giant careers fair held every year on university campuses across the UK. Banks, consultancies, Google, Microsoft and others spend tens of millions advertising to graduates and without the density of Silicon Valley, smaller start-ups are drowned out. (Founder Stories) Reddit's Ohanian: What Competition? (TCTV)
May 30, 5:08PM
In this episode of Founder Stories with host Chris Dixon, Reddit Founder, Alexis Ohanian takes Dixon back to his college days at the University of Virginia where he and co-founder Steve Huffman bonded over video games and began plotting ways to avoid taking a real job after graduation. Not wanting to be holed-up in a cubicle for 50 years, they submitted an idea to Y Combinator, the idea got rejected, they got accepted, and together began building around the concept of "people deliberately trying to find and share new and interesting stuff online" says Ohanian.Airbnb Has Arrived: Raising Mega-Round at a $1 Billion+ Valuation
May 30, 4:41PM
According to several sources Airbnb is in the process of closing a whopper of a funding round: $100 million or more at a $1 billion-plus valuation. The round is being lead by Andreessen Horowitz, and includes participation from DST, say our sources. That's a big increase from the company's last funding round of $7.2 million, which included Sequoia Capital, Greylock, SV Angel, Ashton Kutcher and Youniversity Ventures (Kutcher broke the news that he's an investor in AirBnB at TechCrunch Disrupt last week). The company, which launched via Y Combinator, has raised just $7.8 million to date. No surprise, it was a hotly contested deal. The service has exploded, growing more than 800% last year and booking 1.6 million night stays in other people's homes to date. On any given night in New York there are more people staying in homes via Airbnb than there are rooms in the biggest hotel in Manhattan.Behind The Scenes: Making Spotify More Convenient Than Piracy
May 30, 4:40PM
If you're in the United States, you're probably tired of hearing about Spotify, the on-demand music service that lets you to listen to any of 13 million tracks as often as you'd like on both your PC and mobile phone. The service still hasn't managed to close deals with the major music labels over here, but it has developed quite a following in Europe, with over 10 million users and 1 million paid subscribers. And when it finally does come stateside it might turn into an even bigger hit. And it all started with one main business idea: make a music service that's more convenient than piracy. That's one of the highlights from a presentation given by Spotify engineer Gunnar Kreitz at KTH Royal Institute of Technology last month (many of Spotify's engineers came from KTH). Unfortunately I'm not seeing a recording of the presentation anywhere online, but Kreitz has posted the slides to his website, which you can find embedded below. The slides outline some of the key technical attributes that make Spotify what it is, many of which revolve around one key factor: speed. Disrupt Backstage Pass: Ashton Kutcher On Why He Invested In AirBnB
May 30, 4:11PM
Ashton Kutcher started dabbling in tech startups a few years ago, but he is no longer a dabbler, as his his Disrupt interview with Charlie Rose last week made clear. Kutcher is an investor in a dozen tech companies, including Skype, Foursquare, Path, and Kevin Rose's Milk. In this backstage interview with Sarah Lacy, he reveals that he is also an investor in AirBnB (whose CEO Brian Chesky was also at Disrupt) and why he thinks the company is different. Kutcher talks about his approach to investing in startups. At first it was very much a leraning process for him. "I became an apprentice" to other tech investors, he says, because "I don't like to fail." Big Buy: IAC's Match.com Wants To Acquire European Online Dating Site Meetic
May 30, 3:29PM
IAC-owned Match.com has set its sights on Europe's largest dating site, Meetic.com. Match Match.com has put in a public tender offer to acquire all of the outstanding shares of Meetic for €15.00 per outstanding share in cash (that's $21.42 in U.S. dollars). That's a 11.6 percent increase in value from the closing price of Meetic shares on May 27, 2011 (€13.44) and values the company at nearly $500 million. Match.com actually already owns approximately 27% of the outstanding shares of Meetic, which it obtained when it combined its European businesses with Meetic in 2009. Back then, IAC sold 100 percent of the stock of Match Europe – the entity that houses Match.com's European operations – for an approximate 27 percent stake in Meetic, plus a 5 million euro note. The Unconquered Nation, Crippled By Bureaucrats
May 30, 2:51PM
Seems like it's Sub-Saharan Month around here: first Sarah Lacy went to Nigeria, and now here I am in Addis Ababa, Ethiopia's capital and Africa's fourth-largest city. It feels like a boomtown. There are cranes and construction sites everywhere, throwing up gleaming new glass-and-steel buildings full of shops selling computers and mobile phones. The major thoroughfares throng with people making, trading, repairing, unloading, selling, and generally hustling. Don't get me wrong: this is still a poor country. Electrical outages are regular occurrences, the taxis that patrol the city's broad avenues are rusting Ladas, and the side streets are harrowed dirt strewn with garbage, lined with tin shacks, and patrolled by beggars and feral dogs. But I've only seen occasional pockets of the poisonous stagnation I've found so often elsewhere south of the Sahara. This feels like a place where things happen. It's a city and culture that could be on the cusp of a genuine transformation, catalyzed by technology—were it not for a single, gigantic roadblock: its own government.My Job As A Pre-Launch Startup CEO Was To Buy Sandwiches
May 30, 1:57PM
Seth Sternberg is the CEO and Co-founder of Meebo. He previously worked in M&A at IBM. I love talking to aspiring entrepreneurs—I do it once a week at minimum. I often get asked "what's the role of a startup CEO?" Sometimes people are curious about the pre-launch "CEO" and ask if a startup really needs one. If that CEO isn't an engineer, what do they do anyhow? Other times people wonder what I do today as CEO of a 180 person company. In this post I'll cover the pre-launch role, and in a follow-up, I'll get into the role post-launch. So what does the CEO, who at the beginning is really the general business person, do at a pre-launch startup? Let's go back to the beginning of Meebo, circa April, 2005.Breakfast with Butcher in Berlin – Come meet TechCrunch Europe
May 30, 9:57AM
Ever since my first TechCrunch meetup in Berlin in 2008 and 2009 I've been keeping a watchful eye on this city as I travelled around Europe covering startups and explaining the scene to anyone who would listen. But since then it's quite clear that a couple of things have happened. The whole European scene has improved massively. There are now startup events, activity and fundraising across Europe in an ongoing manner. Sure, it's not Silicon Valley (I'm sorry, but who cares?) - in fact we should really be comparing ourselves to our own progress, not to other places. And the news is good. The 'Valley Virus' has spread, and Europe is now starting to boast some amazing startups. The Roundabout Tapes – Frameblast aims to be the Google for TV and video archives (TCTV)
May 30, 9:17AM
Continuing our series of interviews with companies in the "Silicon Roundabout" area of London (we're calling this The Roundabout Tapes), we interviewed Clearer Partners. Clearer is a specialised tech/media consulting company but is also doing a startup. The soon to launch Frameblast is aimed at SOHO companies who want to handle video in a smarter way along the lines of Media Silo. Companies can upload their archives into the cloud and use it like a Google search engine for their archive, with tags galore. If at any time you'd like to stop receiving these messages, just send an email to feeds_feedburner_com_techcrunch+unsubscribe-hmdtechnology=gmail.com@mail.feed2email.net.
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