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Dave McClure On What's Next For 500 Startups [TCTV]
Apr 07, 2:17AM
Today was a pretty big day for 500 Startups, the Silicon Valley seed venture capital firm and startup accelerator founded by outspoken tech investment extraordinaire Dave McClure. The firm disclosed in a regulatory filing that it's halfway finished raising a brand new $50 million round of funding, the second in its two-year history and a significant step up from the $29 million investment that it raised in its first round. 500 Startups also named four new partners -- Paul Singh, Christen O'Brien, Bedy Yang, and George Kellerman -- who will help select and manage the more than 100 investments that the firm makes each year. So we were very happy to have McClure as a guest today on TechCrunch TV. Because of regulatory limitations on what companies can say while they're in the process of raising funding, his hands were tied on lots of topics on the details of the new fund -- but we were still able to get some great details from him on the future direction of 500 Startups and the venture funding world in general.Here's What A Facebook Response To A User Data Subpoena Looks Like
Apr 07, 12:49AM
Last year, Facebook got a little more transparent explaining what kind of data it would provide to law enforcement officials when they made formal subpoenas for user profiles. Now, we can have a look at exactly what that Facebook account report looks like, perhaps for the first time. The document comes by way of the newspaper the Boston Phoenix, which this week published a long feature on how digital sleuthing led to detectives tracking down Philip Markoff, a man accused of robbing two women and murdering a third, having initially made contact with them through Craigslist. (Markoff committed suicide before his case went to trial.) The feature is worth reading in itself, but what's equally interesting is that the Phoenix has taken the opportunity to also make public an extensive amount of evidence that was used in the case, covering things like CCTV footage, audio of police interviews... and all of Markoff's Facebook data.VC Giants, Thinking Smaller: Why Kleiner Perkins' Aileen Lee Is Getting Into Seed Funding
Apr 07, 12:39AM
As a partner at Kleiner Perkins Caulfield & Byers, Aileen Lee has been a part of one of the most well-respected and established venture capital firms in Silicon Valley. But after 13 years with the firm, Aileen Lee is shifting her focus in a very interesting way -- she's starting a new venture fund focused on smaller, "seed-stage" investments. This is the first time that a Kleiner partner has ever left to start their own seed fund, so Lee is in uncharted territory of sorts. In an interview with TechCrunch today, Lee outlined some of the reasons behind the launch of her new endeavor.Randi Zuckerberg Defends Her Reality Show: Hey Silicon Valley, Stop Being Snobs
Apr 07, 12:15AM
Randi Zuckerberg has ruffled some feathers this week with the announcement that she is co-producing "Silicon Valley," a reality show set to air on Bravo that purports to be all about the San Francisco Bay Area tech scene. In an extensive post on her Facebook page today, Zuckerberg acknowledged the haters and pledged to stand up to them -- "I've never been one to shy away from a challenge or back down from critique" -- and defended her decision to bring the tech world to the small screen. One oft-heard criticism of "Silicon Valley" is that the seven-person cast is hardly filled with the industry's typical bold-faced names -- not a Dorsey or Morin to be found. In fact, most people I've talked to have no idea who the majority of the cast is. Pointedly, Zuckerberg suggests that snobbery is afoot in some of these complaints.That Whole "Shoulder-Surfing Facebook Accounts At Job Interviews" Thing? It's Probably Not Really Happening
Apr 06, 10:49PM
I think the folk tale of employers asking to see a candidate's Facebook account was apocryphal at best, but it seems like it's even being debunked in HR circles. Andy Lester a blogger on high-tech career-hunting, has noted that the tale, which surfaced in an AP story a few weeks ago, has been picked up as an example of the horrible state of hiring in this country. Pundits have opined, ink has been spilled, and now interviewees are ready to go into future places of work full of righteous indignation, just waiting for the mention of Facebook. But for the most part it's an urban legend.Security Company Palo Alto Networks Files For $175 Million IPO
Apr 06, 9:48PM
Palo Alto Networks, a security software company, has filed its S-1 for a public offering, aiming to raise as much as $175 million. The company was rumored to be in the process of filing earlier this year. Founded by Nir Zuk, the company develops enterprise-grade firewalls for companies that give visibility and granular policy control of applications and content, through hardware and software technologies. Companies can gain visibility into all traffic and all applications, maintaining the security of internal data and applications. For example, the company's firewall will scan for viruses, spyware, data leakage and other application vulnerabilities in realtime.After A Bump From SXSW, Banjo Tries To Bolster Its Position As The All-In-One Location App
Apr 06, 9:02PM
What's a SXSW bump worth? To Redwood City's Banjo, which pools location data on friends from all the major social networks, it was worth 100,000 downloads in four days. That brought the app to more than 900,000 users. Of those, a little more than a half-million users are active every month. That's not bad for an app that has grown pretty much organically since it came out nine months ago, and Banjo is showing an upward tick in users at least if you look at its footprint on Facebook. Social networking is a tougher category to acquire customers in at least compared to games, where developers usually have very cash rich businesses that can pay for marketing. On the back of that momentum, Banjo has an update out that makes the app even more of a central hub for all location sharing from other social networks like Twitter, Facebook, Foursquare and Instagram.On The Nokia Lumia 900 And How AT&T Is The Phone's Only Downside
Apr 06, 8:09PM
This is it. The stakes couldn't be higher. The future of Windows Gillmor Gang Live 04.06.12 (TCTV)
Apr 06, 8:01PM
Gillmor Gang - Danny Sullivan, Kevin Marks, Robert Scoble, and Steve Gillmor. Recording has concluded.Keen On… Laura Tyson
Apr 06, 7:55PM
Andrew Keen interviews Laura Tyson, professor of economics at UC Berkeley.Too Drunk To Drive, But Still Wanna Get Your Car Home? There's An App For That
Apr 06, 7:39PM
You know what I hate most about getting too drunk to drive home? The hangover. No, no, I'm kidding (well, sort of) - it's having to go retrieve my car from wherever I left it the next day. Sometimes, it's been towed. Other times, it's been broken into (true story). That's why I'm hopeful about the possibilities a new service called StearClear has in store. The startup, which is backed by $500,000 in founder-led and VC funding, has been up-and-running for just a month in parts of New Jersey. What StearClear offers, simply put, is a way to get you and your car home. Safely. Oh god, please let this work.TechCrunch Giveaway: Two Free Tickets To Disrupt NYC #TCDisrupt
Apr 06, 7:00PM
Disrupt NYC is coming up quick and we are working like mad to make sure this Disrupt is as big as ever. So far, we have announced these amazing speakers and judges, who will all be joining us. Not only that, but Michael Arrington is back and will be with us this year, along with our very own columnist MG Siegler. We still have a ton more surprises up our sleeve that we will also announce as we get closer to the event.Etsy Wants to Give Female Programmers $5,000 to Attend Hacker School
Apr 06, 6:56PM
Etsy, the popular marketplace for all things handmade, just announced that it will not just be hosting the 2012 session of Hacker School at its headquarters in New York, but that it will also offer ten $5,000 grants to women who would like to attend this year's session but don't have the financial means to do so. As Etsy's VP of engineering Marc Hedlund notes, the idea here is to ensure that about 50% of the next Hacker School class of about 40 participants will be female.Keen On… The Economist: How Innovation Can Solve The Planet's Most Wicked Problems [TCTV]
Apr 06, 6:37PM
Daniel Franklin is the Executive Editor of The Economist magazine and one of the sponsors of last week's excellent Innovation event at UC Berkeley's Haas School. He is also author of the new book, Megachange: The World in 2050 which imagines the major economic, scientific and political challenges and opportunities to come over the next 40 years. So how important is the Internet, I asked Franklin when we talked last week, in solving some of what he calls "the wicked problems" of the planet? And, I asked him, what can Silicon Valley learn from the rest of the world in terms of coming up with innovative technological solutions to the world's most pressing problems?AT&T Will Unlock Your Off-Contract iPhone Starting On April 8
Apr 06, 6:02PM
Ask (enough times) and ye shall receive. AT&T has kept the iPhone under lock and key since day one, but we're hearing that a pretty dramatic policy shift will go into effect starting this Sunday. Once April 8 rolls around AT&T will unlock your iPhone should you so choose, at which point it'll play nicely with a microSIM from any GSM carrier. Of course, there are a few conditions you have to meet before AT&T will swoop in and unlock your iPhone. First and foremost, your device has to be completely out of contract and your account must be in good standing -- that means no history of missed payments or disconnections.Love Social Media? Chances Are You're Also A Fan of Chipotle, Saab and Victoria's Secret
Apr 06, 5:41PM
According to a new report by Experian, 91% of online adults now regularly use social media in some form or another. This makes social networking the top online activity in the U.S. today, with 15% of all U.S. Internet visits going to a social networking site. Experian's report also found that Pinterest is now the third most popular social network in the U.S., right behind Facebook and Twitter. What's more interesting than those rankings, though, is what the report tells us about social media's most fervent users.Next Generation Of E-Ink Kindle To Sport New Front-Lit Screen
Apr 06, 5:40PM
Living in Seattle, you tend to find yourself in the company of tech people all the time. With Microsoft, Amazon, Adobe, Google, and a dozen other major companies established in the area, it's never a surprise when you find out the guy next to you at the bar is working on Windows Phone 8 or Half-Life 3. This week, I was lucky enough to get a chance to see what Amazon has cooking for its next generation of e-readers. Their new offices and the mysterious Lab 126 are just down the street, after all, so I'm actually surprised it hasn't happened before now. Back in November, I speculated that the new Kindles and Nooks and what have yous might have glowing screens, the likes of which we've seen occasionally but were never fully implemented. It turns out Amazon was thinking the same thing, and actually bought a company that was, I am told, the world leader in light-guide technology. They've finally gotten it to the point where it's ready to be released, and a new generation of glowing Kindles will be coming our way sometime this year.Philip Kaplan's Social Network Fandalism Has Quietly Grown To 350K Musicians
Apr 06, 5:22PM
If you're wondering what Philip Kaplan, a.k.a. Pud, has been up to, wonder no longer: He's working on a social network for musicians called Fandalism. The site went live at the end of January, and without any publicity or advertising, it has grown to more than 350,000 registered users. You may remember Kaplan as the founder of the blog FuckedCompany and the ad network AdBrite. More recently, he co-founded social shopping startup Blippy, and when the product failed to take off (the other founders are working something new), he focused on smaller projects like newsletter-maker TinyLetter, which was acquired by MailChimp in August.500 Startups Raising New $50M Fund, Names 4 New Partners, With 250+ Investments To Date
Apr 06, 5:00PM
It's a big day for 500 Startups -- you know, the seed-stage accelerator and capital fund founded by rabble rouser and geek on a plane, Dave McClure. Back in July 2010, McClure filed for the accelerator's first fund, raising $30 million to begin officially investing in startups under the new venture capital fund. Today, we've learned via SEC regulatory filing that round two is officially on the books, and 500 Startups is going bigger for its second round, raising $50 million. McClure and company are also today announcing an expansion of the team, as Paul Singh and Christen O'Brien have been promoted to partners. Singh will continue to lead investments, running the accelerator program, and acting as head Data/Metrics guru, while O'Brien continues on her role as head of business development, leading events and conferences, like Geeks On A Plane, Warm Gun, etc. Bedy Yang and George Kellerman have also joined as venture partners.Microsoft Still Fighting For Windows Phone Developer Love (And Buying It When Needed)
Apr 06, 4:59PM
Microsoft is pushing their Windows Phone platform like crazy these days -- it recently debuted in China, and the flagship Nokia Windows Phone is due to hit U.S. shelves soon with a huge marketing blitz in tow -- but the company still has a little app problem to deal with. More than a few developers don't see developing Windows Phone apps a priority, and the New York Times reported yesterday that Microsoft is doing what they have to in order to change those minds. Among other things on their list of tactics, Microsoft has offered to fund process of bringing big-name apps to Windows Phone "where it makes sense."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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