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That'll Fly: Kayak Closes IPO Day With Shares Up Nearly 30% And Market Cap Over $1.2B
Jul 21, 2:02AM
It's been a long time in coming. After first filing to go public in late 2010, Kayak finally came to market today debuting as a public company on NASDAQ, trading under "KYAK." The travel bookings company has hit its fair share of bumps along the way, thanks to unsteady market conditions, erratic earnings, and a departing CFO. All that has been washed away over the last 48 hours (at least for the time being), as Kayak exceeded the original $21 to $25 price range it set, raising $91M and opening at $26/share this morning. Not only that, but at the close of its first day as a public company, Kayak's shares have jumped nearly 30 percent, finally resting at $33.18.Students Seeking Startup Workshops: Lean Startup Machine Announces Branch Scholarship
Jul 21, 12:59AM
Lean Startup Machine wants to bring some young blood to its startup workshops — on its own dime. The new initiative is called the Branch Scholarship Program, supposedly because it was inspired by the founders of Branch, a startup that aims "to turn the Internet's monologues into dialogues" and has backing from The Obvious Corporation. Branch co-founders Josh Miller and Hursh Agrawal both received scholarships from Lean Startup Machine last year, and they met for the first time at the workshop, where they decided to drop out of school and start a company.Mobile Health Developer Azumio Acquires SkyHealth, Makers Of Top-Ranked Fitness App
Jul 21, 12:03AM
The popularity of health and medical apps has begun to explode, and the amount of health data along with it, much of it thanks to those increasingly wearable and user-friendly gizmos that use smart sensors to capture and transmit all shades of biometric data. Smartphones now tap into these health devices, turning our phones into heart monitors and cancer screeners, all with the goal of helping us live longer, healthier lives. You may not be familiar with them by name, but Azumio is one of a number of young startups tapping into this hot trend, leveraging smart mobile technology to get us making better and more informed health decisions. Thanks to the popularity of its biofeedback apps like Instant Heart Rate, Azumio has attracted 20 million downloads of its iOS and Android apps in less than two years. And today, the Palo Alto-based company is adding to that total and beginning to round out its product set by scooping up SkyHealth, the creators of Fitness Buddy, the top-ranked paid health app on iTunes.Last Day To Purchase Extra Early Bird Tickets For Disrupt SF
Jul 20, 11:09PM
DISRUPT Early Bird ticket sales will end tonight at 11:59 PM PST, so buy your tickets now if you'd like to save a few bucks! If you miss the Extra Early Bird tickets, you'll be able to buy Early Bird tickets until August 11th. Our confirmed speaker line up includes Mike Arrington, Marissa Mayer, Marc Benioff, Joel Klein, Ben Horowitz, Ron Conway, Mayor Ed Lee, and Vinod Khosla. And, you're guaranteed to be equally inspired by the speaker announcements that we're making next week.Former Twitter Chief Scientist Abdur Chowdhoury Raises $1.35M For Super-Stealthy Startup Pushd
Jul 20, 10:33PM
Former Twitter Chief Scientist Abdur Chowdhoury is working on a new, super-stealthy project called Pushd. Details are scarce, but here's what we do know: According to an SEC filing, he's teamed back up with Summize co-founder Eric Jensen and the two have raised $1.35 million for the venture, which is based in New York City. Chowdhoury joined Twitter with the company's 2008 acquisition of search engine Summize. He became Chief Scientist at Twitter, while Jensen became Twitter's Tech Lead for Search and Relevance.Firewall Company Palo Alto Networks Up 26% In IPO
Jul 20, 10:11PM
Palo Alto Networks shares climbed 26% in its first day of trading today on the New York Stock Exchange. Shares closed at $53, up from its $42 offering price.The company offered 6.3 million shares in trading. The price of the share were originally offered at range of $34 to $37. It was increased to a range of $38 to $40 earlier in the week.Ohloh Wants to Fill the Gap Left by Google Code Search
Jul 20, 10:07PM
I wrote last week that GitHub is the Library of Alexandria of code. That's not quite accurate since there are still many important open source projects hosted else where, including other repositories like Sourceforge as well as open source foundations like the Apache. Google Code Search, introduced in 2006 was meant to make it easy to search for open source code no matter where it's stored, but Google recently pulled the plug on the service this year. The team at Black Duck hopes its recently relaunched Ohloh site will fill that gap.43 Years Ago Today, We Walked On The Moon
Jul 20, 8:52PM
As lovers of technology and slaves to the news cycle, we all get caught up in the next new thing. The cynic in me notes that the 43rd anniversary of the moon landing - an occurrence that changed the course of history with a completeness and intensity that few warmongers have ever been able to induce - is just another moon landing anniversary. It isn't the 25th or the 50th or the 100th. It's just something that happened 43 years ago today at about 8pm UTC. In short, two men - born helpless as the rest of us - through time, training, and sheer will, were thrust into space by the greatest minds of our generation and then stepped onto a lunar soil that the New York Times reported as being fine and powdery. Why, then, commemorate this date? Because, aside from World War II, the space race was the thing that put us firmly on the path of technological advancement we are taking today. Had we not dared when we did, at a time when our technology was woefully primitive, I wager that we would still today think the moon and the stars were out of reach.Epic Insensitivity: @NRA And @Celebboutique Cause Uproar Over Aurora Tweets
Jul 20, 8:01PM
Earlier today online fashion store Celeb Boutique tweeted the above in what just may be the most disturbing incident of insensitivity following last night's tragic shooting in Aurora, Colo. But they weren't the only ones. The National Rifle Association, apparently unaware of the news, posted this colossally ignorant tweet this morning, "Good morning, shooters. Happy Friday! Weekend plans?" These utterly tone deaf messages underscore the problem of hiring social media gurus who don't maintain their basic civic obligations to follow the news.Benchmark's Michael Eisenberg On The Worldwide Talent Crunch And The 'Golden Age' For Israeli VC [TCTV]
Jul 20, 7:25PM
There is a lot of talk in the San Francisco Bay Area about the difficulty tech companies are having when it comes to hiring the highly-skilled people they need to grow. But it turns out that the talent crunch isn't just an issue here in Silicon Valley -- it's a problem that they're feeling literally on the other side of the globe, in Israel. So it was interesting to have the opportunity to chat about this and much more with Michael Eisenberg, a general partner at venture capital firm Benchmark Capital who helps lead the firm's Israel operations.Samsung Preparing To Reveal "Newest Galaxy Device" On August 15
Jul 20, 6:54PM
Here's a little something to get the ol' rumor mill churning before the weekend -- Samsung has just sent out a save-the-date email for a "major" product announcement on August 15. Samsung goes on to say that the company will unveil its "newest GALAXY device," though exactly what that's going to be is left infuriatingly vague. Of course, that won't stop me from hazarding a few guesses.Judge Issues Ruling: The Ellen Pao/Kleiner Perkins Case Can Continue To Play Out In Court
Jul 20, 6:46PM
This morning, San Francisco Superior Court Judge Harold Kahn ruled that Ellen Pao, the Kleiner Perkins partner who is suing the venerated Silicon Valley venture capital firm for the alleged gender discrimination and retaliation she says she encountered after complaining about sexual harassment and other purported issues at the firm, is not contractually obligated to settle her claims through arbitration.Kayak Is Headed To Russia
Jul 20, 6:25PM
Kayak is expanding into Russia, it seems. Thanks to handy news source LinkedIn (yes, really), one Mr. Andrew Verbitsky changed his profile to read "Managing Director Russia & CIS at KAYAK," and has apparently held that position since May. The news was spotted by Quintura, which posted details to its blog, also noting that the Kayak.ru domain now forwards to Kayak.com. Verrrry interesting.Velti Mobile Ad Report: Israel Sees Highest App Engagement, eCPMs Are Climbing
Jul 20, 6:17PM
Velti has just released its mobile ad industry report for June. As usual, the mobile marketing company has chosen to highlight disparate factoids that it culled from the data — for example, it says that Israel is the leader in app engagement, with adults using apps for an average of 80 minutes per day. Sweden and Singapore are next on the list, while the United States is way behind, with only 38 minutes spent in apps on average. The report also looks at trends in eCPMs, i.e., the amount paid by advertisers for every thousand impressions. There's a lot of talk about how those numbers are lower on mobile, but at least Velti says that for the most part, eCPMs increased from May to June. In sports, average eCPMs increased 23 percent (to 76 cents), and in games they increased 20 percent (to 90 cents). However, the most lucrative categories are still weather ($1) and education (91 cents).Facebook Acqui-Hires Mac and iOS Developer Acrylic Software
Jul 20, 6:16PM
Facebook just acquired Acrylic Software, a Vancouver, CA-based startup that developed two desktop and mobile apps: Pulp, a personalized newspaper app for Mac and iPad, and Wallet, an app that lets you "sync, store and secure your digital life" for Mac and iOS. Both of these apps got a good amount of press when they launched, but for the most part, the company has flown under the radar. Acrylic Software's founder Dustin MacDonald says that Facebook did not acquire the company's apps though and that Wallet and Pulp "will continue to remain available for download and purchase in their current form." The team will move to San Francisco.500 Startups-Backed VidCaster Introduces Paywall To Let Publishers Charge For Their Videos Online
Jul 20, 5:38PM
VidCaster was founded in 2010 to make creating video sites easier than ever, and has signed up a number of customers who use it to deliver free, or ad-supported videos online. Now it's adding the ability for its clients to charge for access to their library of content, with the launch of VidCaster Paywall. Other online video platforms like Brightcove or Ooyala only provide a video player to their clients, which requires them to build out their own sites, which videos can then be published into. VidCaster, by contrast, provides a full-service solution, enabling users to quickly create a fully customizable site for their content, without having to go through the work of hiring an outside design firm or whatever.New Owners Take Digg Back To The Drawing Board, Relaunch Scheduled For August 1
Jul 20, 5:34PM
After Betaworks acquired Digg earlier this month, there was a lot of speculation about what the company planned to do with the service. Today, Betaworks' New York-based News.me team, which is now in charge of Digg, posted its first update. The plan, according to this update, is to launch a new Digg v1 on top of a new infrastructure and fresh code base by August 1. With this launch, the team says, it's "taking the first step towards (re)making Digg the best place to find, read and share the most interesting and talked about stories on the Internet."Instagram For The Web Coming Soon? Online 'View Profile' Link Spotted In The Wild
Jul 20, 5:31PM
Instagram, the hugely popular mobile photo-sharing app, may be about to roll out its long-awaited bridge to the web. Web designer Cole Reinke says he recently was logged into Instagram on the web (the site currently allows you to do things like edit your profile, change your password, and manage applications on the traditional web) when he hovered over his user name and saw an option that is not typically there: "View Profile."No News Is Good News? Dropbox Says No Intrusions Found, Investigation Continues
Jul 20, 5:28PM
Dropbox says it hasn't found intrusions into its internal systems or any cases of unauthorized activity in user accounts. Earlier this week, the company appeared to be suffering from what looked like a security breach. Users, mainly those based in Europe, were being sent unsolicited spam emails related to European casino scams. It was unclear how they had been targeted, since many users claimed their email was a unique and private address they were only using on Dropbox itself. The situation seemed to be serious, as Dropbox announced on Wednesday it had hired outside experts to aid in the investigation.Intelligent, Context-Aware Personal Assistant App "Friday" Makes Its Public Debut
Jul 20, 5:09PM
How appropriate. That crazy Android personal assistant app called Friday is debuting today, on a Friday. Marketing genius! Friday comes from a startup called Dexetra, the same folks who previously launched the Siri-like Android app Iris. With Friday, the idea is to provide a history of your communications, like calls, text messages, emails and more, and combine those with other events your phone is able to record, like photos snapped and battery drops, then mush it all together with data from third-party services, like Facebook and Foursquare. The end result? A search engine for your life.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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