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A Founder's Guide To Replacing Yourself: A Few Weeks Ago I Made My Toughest HR Decision Yet — I Fired Myself
Oct 14, 5:00AM
Editor's note: Suranga Chandratillake launched blinkx in 2005, ultimately taking it public on the London Stock Exchange in May 2007. Entrepreneurs have plenty to worry about: raising enough capital, keeping competitors at bay, recruiting talent, acquiring paying customers, rising above the noise, defining new industries and keeping their teams focused on innovating. Another is the worrying about whether your board of directors will shove you aside.3 Lessons That Startups Can Learn From Facebook's Failed Credits Experiment
Oct 14, 2:00AM
Editor's note: Peter Vogel is co-founder and CEO of Plink, an online-to-offline loyalty program that rewards members for dining and shopping at their favorite national restaurants and offline stores. Startups face an ever-changing series of challenges. Luckily for us, we don't have to reinvent the wheel every time we face a new problem. There are lots of companies out there that we can learn from, both through their successes and failures—and Facebook's recent experiment with Credits is a great example.Avoiding Unnecessary Charges While Traveling Internationally With An iPhone
Oct 14, 1:00AM
Editor's Note: Brenden Mulligan is an avid traveler and entrepreneur who created Onesheet, Webbygram, TipList, ArtistData, MorningPics, and PhotoPile. You can find him on Twitter at @mulligan. In my opinion, the smartphone is the greatest travel tool ever created. They enable you to be in a completely foreign place, yet immediately have access to maps, directions, restaurant recommendations, and more.Angel Investors Do Make Money, Data Shows 2.5x Returns Overall
Oct 14, 12:00AM
Editor's note: Robert Wiltbank, PhD, is a professor at Willamette University in Portland, Ore. He is co-author of Effectual Entrepreneurship and of The Catalyst, as well as many academic articles in the fields of entrepreneurship and strategy. I began studying angel investing returns about 10 years ago as a result of a problem I couldn't resolve. Over these years I've compiled the largest data set on angel investor financial returns that exists, through research backed by the Kauffman Foundation, NESTA (a UK-based entrepreneurship foundation), the University of Washington, and Willamette University. The best estimate of overall angel investor returns from this data is 2.5 times their investment, though in any one investment the odds of a positive return are less than 50 percent. This is absolutely competitive with venture capital returns.The San Francisco Games Revolution Is Over
Oct 13, 10:30PM
The Bay Area is the epicentre of a massive disruption which shook the games industry to its foundation. It erupted through what we call social and mobile games, drew huge audiences and changed the fundamental economics of games and introduced a whole new language of play. It even went beyond games into what we now call gamification. I call it the San Francisco Revolution. And I think it's over.Workday IPO Shows Entrepreneurs What Matters: Market Size, Profitability And, Yes, Pricing
Oct 13, 9:15PM
The successful public market debut of Workday this past week was breathtaking. The initial filing range of $21 - $24 was raised to $24 -$26 while the company was marketing on its roadshow. The IPO was ultimately priced at $28, and amazingly closed on its first day at $48.69, up 74% from the IPO price and up 116% from the mid-point of the initial filing range. As I've discussed earlier, hot IPOs don't always perform well in the months and quarters after pricing, but public investors believe enough in Workday to have priced it at over a $7Bn valuation. Although most entrepreneurs don't have the benefit of having started one of the most successful enterprise software companies earlier in life like Workday's co-founders, David Duffield and Aneel Bhusri, did at PeopleSoft, there are several relevant lessons from Workday's IPO for all aspiring entrepreneurs. Here are three.Study: Europeans Quickest To Adopt iOS 6, Overall Updates Growth Continues
Oct 13, 8:45PM
We've got some new and interesting numbers to share about iOS 6 adoption three weeks after launch, from a couple of different sources, both of which show users continue to update to the new mobile OS from Apple. There are also some interesting differences depending on region, with some countries lagging far behind the U.S. in terms of adoption and some surging far ahead.The New VC Kids On The Block Helping Europe's Startups To Pick Up The Pace
Oct 13, 7:55PM
In dribs and drabs, the European venture capital scene has started to look gradually more like it will develop a broader range of VCs than in the past. True, the majority of European VC funds have not performed well. But I'm not here to talk about the incumbents, but rather the new breed, which are taking cues from their American cousins in looking for businesses with potential. Time and again the continuous charge has been that Europpean VCs look only for revenues first rather than product or user traction. This new breed of European VC is at least as interested in product and more interested in building companies which can scale - rather than ones which might make tidy businesses they can, for example, sell to a European telco for pennines. And that's only to be welcomed.Romney, Obama Release Statements On How To Grow Tech Startups
Oct 13, 7:15PM
Both presidential campaigns released statements on how they would grow the technology startup Industry. In letters addressed to the regional trade organization, NYTechMeeetup, both candidates gave moderately specific answers.Rumor: Verizon-Bound Nokia Lumia 822 Will Cost A Cool $49 On Contract
Oct 13, 6:26PM
You may have caught on to the Verizon-flavored Nokia handset floating around the rumor mill. But just in case you missed it, a few recent leaks have led us to believe that the red carrier will lay claim to the Nokia Lumia 822. And here's the real shocker: it should only cost $49, according to WMPowerUser.Gillmor Gang: Rocks In A Can
Oct 13, 5:00PM
The Gillmor Gang — Danny Sullivan, John Borthwick, Kevin Marks, Keith Teare, and Steve Gillmor — bemoan the political dregs of the finally-engaged election before working our way back into tech waters. Just when all hope seems crushed in a sea of SuperPAC money and Jobs nostalgia, we ask the interesting questions, merge the technology and the business moment, and otherwise till the ground for the next wave of innovation.Kleiner Perkins On The Past, Present And Future
Oct 13, 4:00PM
Forty years ago, Eugene Kleiner and Tom Perkins set out to disrupt the then nascent venture capital industry. Kleiner, who was one of the founders of Fairchild Semiconductor, and Perkins, who was a member of Hewlett-Packard's early computer hardware division, raised $8 million to invest in startups. Flash forward four decades, the firm has over $7 billion under management and is one of the most successful venture firms in the world.Pinterest's Attribution Program Grows: Dreamstime Joins To Help End Battle Over Watermarked, Copyrighted Images
Oct 13, 3:00PM
Dreamstime, a stock photo site with 5 million users and 140,000 contributors, has become the latest professional photography service to resolve its legal issues regarding the pinning of copyright-protected, watermarked images shared on Pinterest. The solution involves having an attribution line, which now appears beneath the photo in question, with links back to the photo's page on Dreamstime.com.Prepare To Pay For Your Privacy
Oct 13, 1:00PM
Yesterday I walked from Cambodia into Thailand. On the way out of Cambodia, I was fingerprinted; on the way into Thailand, I was photographed. While I waited for the train to Bangkok I read legendary hacker Jamie Zawinski's tale of how the powers that be "wanted to mandate that I surveil all of my customers, and turn that information over to the Government without a warrant" in exchange for getting a liquor license. He goes on: "this is a standard condition that SFPD is putting on all new liquor licenses! ...when the people and their elected lawmakers unambiguously say 'no' on a civil liberties issue, the unelected SFPD and ABC career bureaucrats think they can force a 'yes' anyway. It's disgusting."Amazon Acknowledges Uneven Lighting On The Kindle Paperwhite
Oct 13, 12:56PM
The Kindle Paperwhite is an amazing ereader. It's arguably the best on the market. But it's not flawless. Some users, including several TechCrunch writers, noticed the lighting on their Paperwhite is not evenly spaced, resulting in odd, slightly distracting gaps at the bottom of the screen (see the pic).An Interview With Josh Bechtel, The Inventor Of The Bicymple
Oct 13, 12:22PM
There's been quite a bit of disruption in bikes recently and the Bicymple is no exception. Designed by Josh Bechtel, the bike aims to be easy to ride, trouble free, and less expensive than traditional gear and chain models. You can check out a video here but we got a chance to talk with Josh a bit about his new design.How Will Salesforce Adapt To The Next Platform Shift: Mobile Computing?
Oct 13, 5:00AM
Editor's note: Bruce Cleveland is a General Partner with InterWest Partners focused on software and services sector investments with an emphasis on cloud computing, mobile and analytical applications. Most of us are familiar with the adage by George Santayana, who, in his biography said, "Those who cannot remember the past are condemned to repeat it." You may recognize it as, "Those who ignore history are bound to repeat it." Either way, I agree.SocialFlow Names Missy Godfrey As Its New CEO, Brings In Over Two Decades Of Media Experience
Oct 13, 3:10AM
Social media optimization technology company SocialFlow has made a change at the top. We've learned that its Co-Founder Frank Speiser has stepped down from the CEO position to make way for former Managing Director of North Sea Partners, Missy Godfrey. The service is used by some of the biggest brands in the world, including: Pepsi, Dole, National Geographic and The Washington Post.Sensegon Plans To Improve Ad Targeting Based On Your Personality
Oct 13, 1:47AM
Ad tech companies are trying get better at demographic targeting, especially on mobile, but a startup called Sensegon aims to go a step further — targeting ads based on audience members' personalities. To illustrate the concept, CEO Omer Efrat talks about going to a car dealership with his co-founder and CTO Tal Yaari. Efrat was more interested in engine power, while Yaari was more interested in gas consumption and safety. The salesman, Efrat says, knew intuitively to direct his pitch differently towards the two men. That's the kind of intuition that Sensegon is supposed to replicate.It's Done: Early Hulu Investor Providence Equity Partners Has Sold Its Stake For $200M
Oct 13, 12:32AM
It's been a long time coming, but private equity firm Providence Equity Partners has sold its stake in Hulu for $200 million, a person familiar with the matter has confirmed. The buyout of the firm's shares, which has closed but has not yet been announced, will have a huge impact on Hulu and could significantly shape its future.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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