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Softbank Confirms It Is Buying 70% Of Sprint For $20.1B
Oct 15, 8:07AM
Softbank has confirmed the news that it is buying Sprint for $20.1 billion (¥1.571 trillion). The announcement comes just ahead of Sprint holding a conference call to also announce the news. In fact, this is turning out to be full acquisition of what Softbank is calling "New Sprint.": "As a result of the transaction SOFTBANK will own approximately 70% of the fully-diluted (as used herein, not giving effect to out-of-the-money options) shares of New Sprint (as defined below), which will own 100% of the shares of Sprint."While You Were Sleeping: Sprint Announces "Special Webcast" For 4am Eastern Today; $20B Softbank Investment Confirmed?
Oct 15, 6:33AM
A terse announcement from Sprint moments ago, scheduling a conference call at 4am Eastern (a couple of hours from now) could be a sign that Softbank's acquisition of Sprint may be coming to a close sooner rather than later. It follows yesterday's news that Japanese carrier and tech investor Softbank will be buying a 70% stake in Sprint for $20 billion. Sprint confirmed last week that it was in strategic discussions with Softbank.Microsoft To Compete Against Spotify With Xbox Music, Available Soon On Xbox, Windows 8, And Windows Phone Devices
Oct 15, 4:00AM
Microsoft will soon become the next player to enter the streaming music business, with a service that will see it competing against the likes of Spotify and Rdio. Its new Xbox Music service will soon become available on the Xbox Live service, as well as on Windows 8 tablets and PCs and Windows Phone mobile devices over the coming weeks.The New Digg Has A Fighting Chance
Oct 15, 3:15AM
We have a story on our site today about that guy who accomplished a very long space jump. Baumgartner, or something. Apparently this story has made the front page of Digg, and now that front page of Digg is coming in third in referral traffic to that story, on a Sunday, bringing in around 40 unique readers to Facebook's 100 or so at any given moment according to Chartbeat.
Truth In Geolocation
Oct 15, 2:10AM
Lying's a lot harder than it used to be. Examples --Boss: "Where are you?" Employee: "On my way to the office." Boss: "Show me." ||| Mom: "Where are you?" Son: "At Jimmy's house" Mom: "Show me." With geo-coded messages, you have to be where you say you are. Be it a parent or employer, anyone with a little power over you can demand you verify your location.Egnyte: A Different Perspective Than Box About The Cloud And All That Data
Oct 15, 1:10AM
Box gives a clear perspective about the approach to its business -- build a best of breed service for managing all those files in the cloud. Egnyte takes a different approach to file management. Instead, the company manages in its data centers and makes them available through a cloud file server that syncs with any device managed by IT.Inside Bonobos' New Palo Alto Digs, Where The Startup Known For E-Commerce Is Investing In Bricks & Mortar
Oct 15, 1:00AM
Bonobos, the men's clothing company, has gained lots of ground since it was founded in 2007 for its presence on the web as a mostly pure e-commerce play. But in recent months, the company, which is headquartered in New York City, has started to make more and more investments in the physical world of brick-and-mortar with "Guideshops," appointment-only showrooms where customers can try on Bonobos' wares in person.Don't Believe The FUD: Windows 8 Is Much Better Than You Think
Oct 15, 12:00AM
The official Windows 8 launch is less than two weeks away and judging by much of the commentary ahead of the consumer launch, you'd think that Windows 8 on the desktop is a total, unmitigated disaster. It isn't. It does take some getting used to, but the vast majority of desktop users will do just fine with Windows 8.90% Of Incubators And Accelerators Will Fail And That's Just Fine For America And The World
Oct 14, 11:00PM
Editor's note: Peter Relan is a former programmer and Internet executive. He founded YouWeb Incubator in 2007, spinning out a string of successful mobile and gaming companies. Incubators are now an industry segment in their own right. Before starting YouWeb Incubator in 2007, I began to explore the idea of an incubator with friends and colleagues. Most people told me that Idealab and CMGI had tried the model in the 1990s and didn't really work out (with the exception of Overture, which spun out of Idealab). CMGI imploded in the dot-com bust.Raspberry Pi: The Small Computer With The Big Ambition (To Get Kids Coding Again)
Oct 14, 10:00PM
There's more to the Pi than a powerful processor at bargain basement prices. We got the chance to chat to Eben Upton, founder and trustee of the not-for-profit Raspberry Pi Foundation -- and the man responsible for the overall software and hardware architecture of the Pi – about the very big-hearted ambition behind the project.Why You Shouldn't Build A Business On An API Call
Oct 14, 9:00PM
I am constantly amazed by the number of startups that build applications and take a huge business risk by building their company on an API call. Countless apps, particularly social apps, have popped up through the last 24 months that have taken data from other systems and re-displayed it in their systems. While there is widespread usage of APIs (and not for a moment am I suggesting that people not use them at all), I just think that start-up founders consistently underplay the business risk.Report: Europe Inching Closer To Fining Microsoft Billions Over Failure To Offer Internet Explorer Alternatives
Oct 14, 8:42PM
Pull out the ibuprofen, Redmond: it looks like the antitrust headache that bothered Microsoft for years in Europe may be coming back: the European Commission is preparing to bring charges against the company worth billions of euros because Microsoft has failed to implement an effective way of offering users alternatives to Microsoft's Internet Explorer browser on Windows-powered devices, according to a report in the German-language Der Spiegel.Sparkart: How A Digital Agency Helped Redbox Get Into The Ticketing Business
Oct 14, 8:00PM
Earlier this month, Redbox announced that it's going to start selling live event tickets from its ubiquitous red kiosks. That seemed like a smart move for Redbox, which is best-known as a DVD rental service, but it turns out the idea actually came from outside — specifically from Naveen Jain, CEO of digital agency Sparkart. Jain says the idea came to him when he was on a plane to Chicago, where Janet Jackson and Bon Jovi were both having concerts. (They're both clients of Sparkart, which is also getting into the product business with a website builder called Storyteller.) He ended up sitting next to a Redbox engineer, and they struck up a conversation about the company's business. Near the end of that conversation, Jain asked the important question: Had Redbox ever thought of going into the ticketing business?6 Tips To Get Your Startup Off The Ground And Score A Seed Round
Oct 14, 7:00PM
Editor's note: Anthemos Georgiades is founder and CEO of Zumper, a new apartment rental platform. Follow him on Twitter. Zumper's seed round story is far from perfect. Like most first-time founders we screwed stuff up at every stage, from having no estimation of what valuation cap we should set, through to really stupid meeting scheduling, which forced us to take several quite important calls from our Zipcar. Which echoed. A lot.Google Actually Considered Sending Felix Baumgartner To Space With Google Glass
Oct 14, 6:07PM
According to a conversation on Twitter between Danny Sullivan and a member of YouTube staff, Google considered sending Felix Baumgartner to space for his jump with a pair of Google Glass. That would have been awesome.Why Startups Are Helping The Economy More Than You Think
Oct 14, 6:00PM
Editor's note: Nick Sedlet and Elli Sharef are co-founders of HireArt (YC W'12), a platform connecting job-seekers with employers. Do tech start-ups create or destroy jobs? There is an obvious answer: they do both. In the wake of the most recent jobs report, it has become suddenly fashionable to accuse startups of hindering employment growth.Watch Felix Baumgartner Live: This Scientific Discovery Brought To You By Mentos, The Freshmaker
Oct 14, 5:37PM
As I watch today's jump by Felix Baumgartner - it's been running non-stop on most major news channels, the same channels that gave a Space Shuttle launch about two minutes between video of a talking dog and what Kim Kardashian just ate - I'm struck by the notion that what we're seeing, albeit in an Evel Knievel kind of way, is the future of scientific discovery.Iterations: Finding Your Signal In The Noise Of Fundraising
Oct 14, 5:00PM
There's no shortage of blog posts, message threads, and Coupa- & Creamery-inspired banter around the topic of fundraising for early-stage startups. And, as nearly every founder knows all too well, the mantra is "always be fundraising." And yet, at the same time, something doesn't feel quite right with respect to the manner in which investors and founders court each other today, what with the sheer number of companies spawned weekly, the amount of capital sloshing around, and ultimately, the time that is lost building and selling products because of inefficiencies in the inevitably torturous process of raising Series A financing. With all of this in mind, I've been trying to observe what first-time, early-stage founders who are potential candidates for Series A funding truly want in an investment partner. The following post isn't scientific or data-driven in nature, and naturally, each startup (and investor) is like its own snowflake, unique in their own special ways. The following isn't directly prescriptive, either. What do I know, right? Instead, I tried to apply the most basic framework within four categories for what a founder might consider, at a high level, as he or she embarks on this process, assuming the investment size and terms were suitable:Skype Reaches A 45M Concurrent User Peak, And What Looks Like A New Stage Of Momentum
Oct 14, 3:49PM
In case you thought Skype may be slowing down while settling into being a part of Microsoft and recently celebrating its ninth birthday, here are some numbers that seem to indicate otherwise: Last week, Skype reached a new peak of 45,469,977 concurrent users online, part of a strong run for the peer-to-peer voice/video/chat service this year. Overall it has seen an increase of 70% so far in 2012, compared to growth of around 30% for the same period in 2011.Here's To The Death Of "Personal Branding" On The Internet
Oct 14, 3:30PM
I'm not exactly sure who made being a "personal brand" a thing on the Internet, but I'd really like to sit down with them and ask them why they thought that it was a good idea. You see, an entire ecosystem of people looking to make money have cropped up around this notion of helping people become a "brand." Honestly, it's bull, and I'd like to see it stop. Why is it bull? Because unless you're Kim Kardashian and have a line of clothes of fragrances, you are not a brand. You are a person.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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