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Android Lost Money Every Quarter In 2010, Made $97.7M In Q1
May 04, 1:02PM
Google has always been pretty cagey about the financials behind its Android mobile OS -- and data that has emerged over the last week could give us an indication why: it's been losing money from day one. In the lawsuit between Oracle and Google -- in which Oracle claims Google, in its Android platform, infringes on copyrights and patents related to Java -- a judge and jury are trying to work out what kind of damages might be awarded to Oracle. That case took a turn for the specific yesterday, when Judge William Alsup (as reported by Reuters) read out excerpts of Google documents that determined that the platform produced a net loss for every quarter of 2010 -- and "a big loss for the whole year".Badabing Badaboom – Badoo Hits 150 Million Users, Boosted By Mobile
May 04, 10:44AM
With 'social discovery' all the rage with apps like Highlight, Banjo and Glancee attracting attention during this year's SXSW it's easy to forget there are players out there which have been doing this a tad longer. Badoo de-cloaked as a social network in London a few years ago with 'discovery' very much at its core, but with a twist - it encouraged people to promote themselves, sometimes with payment. Where Facebook concentrated on linking up with existing friends and friends of friends, Badoo was literally oriented towards you meeting new people all the time, and for others to push themselves out there. That gave it an obvious flirtatious feel, making it a quasi-dating site which happens to use a different method for getting people to pay. But it's appealed to a lot of people. And I mean a lot. Currently on 149.8 million users, some time today that will tick over to hit 150 million, given it clocks around 150,000 a day.Engrade Grabs $3M From Wireless Generation Co-founder To Help Teachers Manage Their Classrooms
May 04, 9:23AM
As a high school student in 2003, Bri Holt found himself increasingly frustrated by the fact that there was no easy way for he and his classmates to view their grades online. So, being familiar with the wizardry of web development, Holt decided to build his own, laying the foundations for what would become Engrade. While Holt went on to other projects, over the next seven-odd years, his simple, free online gradebook slowly found increasing, organic adoption among teachers. In 2010, Holt returned to Engrade, brought in some help, and over the next 18 months, focused on turning the education tool into a more robust, enterprise education platform. To help it scale, the startup is now ready to take on venture funding, announcing yesterday that it has closed a $3 million round of seed funding, led by Rethink Education, along with participation from the non-profit, education-focused venture fund, NewSchools, which counts John Doerr as a board member, and individual investors including co-founder of Wireless Generation (one of edtech's largest exits -- to News Corp. for about $360M) Greg Gunn, Zac Zeitlin, and Richard Chino.Hey Scott – Lying On Your Resume At Yahoo! Could Result In Immediate Discharge!
May 04, 4:33AM
What's the penalty for lying on a resume? It's an important question for new Yahoo CEO Scott Thompson, after his PR department offered up the laughable excuse that he made "an inadvertent error" on Yahoo's website and in an SEC filing claiming he had a Computer Science degree. TechCrunch editor Eric Eldon just wrote this should cost him his new job. At Yahoo, the penalty could include "immediate discharge".Cooking The Books: Yahoo CEO Scott Thompson's CS Degree "Error" Should Cost Him The Job
May 04, 3:50AM
"You guys might want to cover this before he resigns tomorrow," one hardcore reader emailed in this evening. And yes indeed, newish Yahoo CEO Scott Thompson's "inadvertent error" about which degree he got in college is looking like it could cost him his new job. It should. After a day of TechCrunch covering companies who are busy pushing the world forward -- like Facebook and its big IPO plans -- here's our obligatory late-night story about the guy who is, uh, suing the massive social network over some old patents that are supposedly infringing on the aging web portal.Why We're Still At TechCrunch
May 04, 3:24AM
Sometimes people ask me why we're still here even though we're owned by poopy pants Aol, and I'm all like, "Huh what? Oh I'm sorry I'm drunk, who are you again?" Lolz. Okay so the real reason that I and the rest of the TC team are here, despite the fact that we're all so incredibly and obviously employable, is that we get to work with a bunch of geniuses all day every day. Seriously, it is awesome just getting to set a record/ be a part of this crazy time while also inadvertently creating jobs and keeping our own.Here's The Latest Incubator Class At Utah-Based BoomStartup
May 04, 1:47AM
BoomStartup, an incubator based in Salt Lake City, Utah, just announced the startups participating in its third annual session. The program runs from May to August. Participating companies get $20,000 in seed capital and $80,000 worth of infrastructure, office space, and services from companies like Microsoft, PayPal, and Rackspace. Co-managing partner Robb Kunz places a big emphasis on mentorship — each startup is assigned a lead mentor as their main point of contact, and other mentors include SimpleGeo co-founder Matt Galligan and Omniture co-founder John Pestana.US Gov Wants To Spread The Wealth With Open Competition For $200M In Early Stage Investment
May 04, 1:24AM
The Obama Administration's plan to spread the country's wealth around has made its way to struggling technology entrepreneurs. This past Tuesday, the Small Business Administration (SBA) began accepting applications for the $200 Million "Early Stage Innovation Fund." The new fund will allow venture funds to augment privately raised capitol with a grant up to a 1-to-1 match, to be used for early stage investments (around the $1-to-$4 million range).Accel Partners' Star-Studded Big Data Conference Is Next Week, And We Have Tickets For You
May 04, 12:42AM
Do thoughts of Hadoop send you into a tizzy? Do petabytes of data make you wild? If so, then we have just the thing for you. Accel Partners, the firm that will be scoring a touchdown this month with Facebook's IPO, is holding a big data conference next week. It's a one day event at Stanford University on May 9 from 9 to 5 p.m. There will be discussions and fireside chats with entrepreneurs like Sun Microsystems and Arista Networks co-founder Andy Bechtolsheim, Hadoop founder Doug Cutting, Cloudera co-founder Jeff Hammerbacher and former Yahoo chief technology officer Raymie Stata.Stats: Facebook Made $9.51 in Ad Revenue Per User Last Year In The U.S. and Canada
May 04, 12:05AM
Even though Facebook's IPO roadshow video was a mostly touchy-feely affair with videos of friends have coffee and babies blowing out candles, there were some new stats tucked away in it. For the first time, the company gave a look at how it monetizes on a per user basis in different parts the world. There was one chart of most interest. It shows that Facebook made about $9.51 in advertising revenue per user in the U.S. and Canada. Europe was about half that much with $4.86 in ad revenue per user. Asia and the rest of the world follow that at $1.79 and $1.42 per user. What this shows is the revenue trajectory that other more economically developed markets like Western Europe and Japan could get to if Facebook successfully grows there or convinces more regional brand advertisers to come on board.Study: 37% Of U.S. Teens Now Use Video Chat, 27% Upload Videos
May 03, 11:30PM
Video chat is still something quite a few people don't feel comfortable with. For U.S. teens, however, it is quickly becoming a pretty routine way of communicating with each other. According to a new study by the Pew Internet & American Life Project, 37% of teens now regularly use Skype, Google Talk or iChat to talk to each other. There are significant differences between how many boys and girls use video chat, though. Only a third of boys use video chat while 42% of girls said they have video chatted. Maybe unsurprisingly, those teens who use the Internet more frequently also use video chats more often than their peers who only go online a few times per week. The same is true for teens who text and use social media more often than their peers.Hootsuite Is Raising $50M At A $500M Valuation
May 03, 11:25PM
It was just over a month ago that social media management platform HootSuite picked up $20 million in a secondary investment round that valued the company at $200 million. Now we have heard from multiple sources that the company is looking to better than double that: HootSuite is in the process of raising a $50 million round at a $500 million valuation. And what's making this even more interesting are the investors that are being mentioned in connection with the round: HootSuite is looking to have discussions with Twitter, Facebook, LinkedIn and Google -- a sign of how the surge in social media investments is also giving a lift to companies that are figuring out ways to harness that for third parties.Touché Teaches Objects To Sense Your Touch
May 03, 11:22PM
Researchers at Disney and Carnegie Mellon University have created an interesting new technology using Swept Frequency Capacitive Sensing that allows nearly any object to sense multiple points of contact on its complex service. This would allow, for example, doorknobs to understand when to lock and unlock based on your finger position and environmental controls based on the user's current body position. Lying down? The lights go out. Feet on the floor? The lights go up. The technology, built jointly by CMU and the Disney Research Institute in Pittsburgh, Penn., can also add more interesting interaction to smartphones. Even bodies of water can turn into "touchscreens" with your position inside the liquid registering as a touch event.Smart Education: How Lynda.com Hit $70M In Revenue Without A Penny From Investors
May 03, 10:51PM
Content companies have struggled to monetize on the Web, and there has been plenty of debate over the effectiveness of paywalls. What's more, tech startups really can't seem to rush fast enough into the hands of angel investors or venture capitalists. That's why, as a digital content company that has been around for years and has yet to take a penny of outside investment, Lynda.com has such relevance in today's landscape. While it didn't happen over night, Lynda.com has been able to build a paying customer base of over 1 million, outshining every major newspaper, and its traffic is on the rise. Using a passion for education, industry experience, knowledge of what is important to its customers, and focus on product-before-profit, co-founders and married couple Lynda Weinman and Bruce Heavin have turned $20K of their own investment into a platform that produced $70 million in revenue in 2011.LinkedIn's Mobile Future: 22 Percent Of Visitors Are Mobile, In-Stream Ads Coming?
May 03, 9:58PM
During the conference call this afternoon for their first quarter earnings, LinkedIn executives boasted about the impressive mobile growth they're seeing. In the last week of March, the company says mobile accounted for 22 percent of unique visitors, up 8 percent from the same period last year. And although he wouldn't share any numbers, CEO Jeff Weiner said adoption of the recently-launched iPad app has exceeded the company's "aggressive" expectations. Weiner mentioned the iPad app again when asked about the areas where the company is strongest right now.Brightcove Reports Q1 Net Loss Of $4.3 Million, Revenue Up 53% to $19.9 Million
May 03, 9:44PM
Video platform Brightcove just released its first earnings report after going public in March. Brightcove posted a net loss of $4.3 million - that's down from $5.8 million last quarter. The company's revenue for the first financial quarter of 2012 was $19.9 million, an increase of 53% compared to the first quarter of 2011 when the company made $13.1 million. Non-GAAP net loss per share was $0.17. Analysts expected a loss of $0.16 per share. Brightcove's gross profit for the first quarter was $13.6 million (up 56% from $8.7 million in Q1 2011). Non-GAAP loss from operations was $2.3 million for the first quarter of 2012, an improvement compared to a non-GAAP loss of $3.4 million during the first quarter of 2011. Brightcove also announced that it had 4,254 customers at the end of the quarter. That's up 49% compared to Q1 2011.Krossover Makes Athletes, Coaches Smarter With Business Intelligence For Sports
May 03, 9:22PM
Anyone who's played competitive sports knows how important stats, analysis, and post-game film are. They're an excellent way to improve both personally and on a team level, yet it usually takes a dedicated staff to push out rich, thorough analysis. Luckily, a new startup called Krossover is ready to help solve that problem. They call themselves "business intelligence for sports," offering youth, amateur, highschool and college sports teams fully indexed game footage within 12-36 hours of uploading. This includes searchable film, box scores, shot charts and drive charts, and thorough analytical reports for every player on the team.Balderton Capital Invests In Web Backup Startup Archify
May 03, 8:56PM
One of the most frustrating online experiences for me is trying to track down a web page or tweet that I saw a few days ago. If I'm lucky, I bookmarked the page or favorited the tweet, but most of the time I haven't, and so I can only sit there and fume. So basically, a startup called Archify is the answer to my prayers. It's a browser plugin that tracks every website you visit (excluding https pages and websites you visit in Incognito mode), and also allows you to connect your Facebook and Twitter accounts for archiving. Then, when you're trying to find something later, you just search the archives like you'd search the Web.Facebook Releases IPO Prospectus and Roadshow Video Featuring Interviews With Zuckerberg
May 03, 8:56PM
Watch Zuck, Sheryl Sandberg and the rest of the gang go to bat for Facebook in the promo video for its pre-IPO roadshow. For your reading pleasure, I've written a sportscaster-style play-by-play followed by some highlights. Hit "Read More" to learn about Facebook's mission, products and platform, advertising, finance, and future without having to click past all the SEC disclaimers and sit through the 30-minute video.Facebook's "Offers" News Feed Coupons Launch In Self-Serve Beta For Local U.S. Businesses
May 03, 8:37PM
Today any local U.S. business can start using Facebook's Offers product -- free-to-create coupons that businesses can share to the news feed, and that users can bring to brick-and-mortar stores for redemptions. First announced in February at the Facebook Marketing Conference, the product has been in private testing with a select group of brands who worked with Facebook reps to run the offers. Now the promotional product is available in a self-serve interface. While it doesn't cost businesses anything to run offers, Facebook could still make money on them. If they perform well in the news feed and drive business to physical stores, those stores may spend more on Facebook ads that increase their Page fan counts -- and the subscriber bases for the coupons.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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