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Avoid Stagnation: Acceleration Trumps Incubation
Mar 15, 3:00PM
Interest in startup accelerators and incubators has exploded in the past several years, but how effective have they been? One thing that has become clear is that "incubator" and "accelerator" refer to two very different models for startup workspaces, and the distinctions may have significant effects on startup success. Read More
Hey! You! Get Off Of Our Bandwagon
Mar 15, 1:00PM
The Book of Berners-Lee And lo, it did come to pass, as prophesied by the geeks of yore, that in the twenty-fifth year of the Web, the world entire, from Kathmandu to Timbuktu to Zanzibar to New York, began to notice its devouring by the Law of Moore. And the eyes of the world were turned upon those places where that Law had been birthed, and numberless throngs of geeks still teemed, and… Read More
If You Look At One Picture Of 3D-Printed Chicken Today, Make It This One
Mar 15, 4:08AM
You like chicken. You like 3D printed stuff. Why not slam them together to make the ultimate in 3D printable model food? How does that sound? Cool, right? I thought so. So what's going on here: some designers at iJet in Yokohama, Japan wanted to surprise the staff of Lifehacker. They grabbed a tasty KFC drumstick, scanned it using a high-resolution laser scanner, and then printed it in full… Read More
Potcoin, A New Cryptocurrency To Help Ease The War On Drugs
Mar 15, 4:00AM
Editor’s note: Roger Huang is co-founder of ThoughtBasin, an edtech startup that connects students with organizations looking for difference makers. Follow him at code(love). It started with one evocative name shouted into the phone from one developer to another: “Potcoin!” The Founding Fathers had to work for years to craft a Constitution that would grant the government the… Read More
Bill Gates: It's OK If Half Of Silicon Valley Startups Are "Silly"
Mar 15, 1:59AM
Microsoft Founder Bill Gates doesn’t worry that Silicon Valley is the home of billion-dollar texting apps and farming games. “Innovation in California is at its absolute peak right now. Sure, half of the companies are silly, and you know two-thirds of them are going to go bankrupt, but the dozen or so ideas that emerge out of that are going to be really important,” Gates told… Read More
Firm You Haven't Heard Of With $13M In 2013 Revenue IPO'd Today, Spiking To Valuation North Of $3B
Mar 14, 11:50PM
So you are a company. You're about six years old. You've raised $181 million dollars to date, including a Box-esque $100 million Series D bloc. The tough bit is that your revenue in 2013 was a mere $13 million. Even more troubling, your losses are accelerating, increasing from $19.9 million in 2011, to $35 million in 2012 to $62.2 million in 2013. Read More
Sina Weibo, China's Answer To Facebook And Twitter, Files For $500M IPO In The U.S.
Mar 14, 11:41PM
Sina Weibo, the microblogging and social media service that's often called China's answer to Twitter and Facebook, has filed documents with the U.S. Securities and Exchange Commission to raise up to $500 million in an initial public offering. Weibo was launched by Chinese online media giant Sina in August 2009. Today, Sina owns a 78 percent stake in the company, with Alibaba holding a minority… Read More
Meet Memebox, Y Combinator's Korean Beauty Import
Mar 14, 10:50PM
Not many companies in the Y Combinator stable have executives who’ve spent time at both Tom Ford’s fashion powerhouse and the Korean online ticketing platform TicketMonster. I’m betting Memebox is the only one. It’s the first Korean company accepted into the Y Combinator program and arguably one of the more mature, with a $1.5 million round of venture funding already under… Read More
CrunchWeek: Uber Beefs Up On Insurance, Secret's New Funding, More Trouble At Clinkle
Mar 14, 10:30PM
You know what goes great with your TGIF beverage of choice? A brand new episode of CrunchWeek, the show that brings three TechCrunch writers together to chat about the most interesting stories from the past seven days in tech. Read More
The "Stolen" Mt.Gox Data Contained Malware That Robbed Users Of Bitcoin
Mar 14, 10:20PM
Security researchers at Securelist have found that the data "stolen" from Mark Karpeles' computer actually contained a BTC-stealing Trojan that masqueraded as a back-end app for managing Mt.Gox trades. The app searched user directories for Bitcoin-related files - wallet.dat and bitcoin.conf - and uploaded them to a server that is now defunct. Read More
Popcorn Time Is Dead
Mar 14, 10:01PM
Hollywood won. The open source project called Popcorn Time is dead after just four days. It’s not really surprising. “Popcorn Time is shutting down today. Not because we ran out of energy, commitment, focus or allies. But because we need to move on with our lives,” reads the website and a post on Medium. Days after its quiet launch, word about the magical Popcorn Time program was… Read More
Today In Dystopian War Robots That Will Harvest Us For Our Organs…
Mar 14, 10:00PM
Sure, Babar was a pretty cool elephant, but what happens when he becomes a cyborg bent on the destruction of the mustache man who stole his crown in Babar Loses His Crown? He goes out and gets one of these robotic trunks and starts tearing stuff up around Paris. Pure insanity. Festo, a German robotics company, is making sure that Babar will be able to bring the hurt down on all of us with this… Read More
Secret Now Warning Users Not To "Defame" Others
Mar 14, 9:55PM
It seems that school children are not the only ones who aren’t able to handle the power of anonymous social applications appropriately. Secret, the San Francisco-based (and now, newly funded) confessional app, has begun warning users to not “defame” others when posting on its service. The message appears in some cases after Secret detects a name in a post. Several members of… Read More
Mozilla Cancels Firefox For Metro, Cites Fewer Than 1,000 Daily Active Users
Mar 14, 9:52PM
Mozilla today announced that it will halt development of its Firefox for Windows 8 Metro browser after about a year-and-a-half of development. According to Mozilla’s Firefox VP Jonathan Nightingale, the organization has never seen more than 1,000 active daily users for the Metro app, so in order to free up resources for products that have traction, Mozilla has decided to pull the plug on… Read More
GoDaddy Preps For IPO Fewer Than 3 Years After Its $2.25B Sale To Private Equity Groups
Mar 14, 9:47PM
GoDaddy, the well-known domain and hosting company, is preparing to go public. The company was sold for $2.25 billion in the summer of 2011 to a mixture of private money, including Silver Lake, a group now famous for its work to help Dell go private. Read More
Ask A VC: TransLink Capital's Jay Eum On Expanding To Asian Markets
Mar 14, 9:30PM
In this week's episode of Ask A VC, we hosted TransLink Capital's Jay Eum visited the studio to talk about expansion to markets in Asia and more. Read More
AOL Lays Off "Double Digit" Number Of Employees
Mar 14, 9:06PM
AOL had a round of layoffs today affecting a "double digit" number of employees, according to a source with knowledge of the company. We reported on larger AOL layoffs (with hundreds affected) in August of last year, and then again in January. Those cuts stemmed mostly from the challenges at hyperlocal news effort Patch, which was eventually spun out into a joint venture with Hale Global. Read More
How Telecom Company Free Nearly Disrupted The French Mobile Landscape All Over Again
Mar 14, 8:47PM
Last week, everything was very different in the mobile landscape in France. France’s disruptive telecom company Free was about to make the best strategic move I had ever seen. Yet, it all fell apart today. While it’s a boring industry, the acquisition of SFR is a story of secret agreements and betrayals. SFR (the second biggest telecom company behind Orange) is about to get acquired by… Read More
Report: Changing Tax Rules For Tech Giants Would Mean $89 Billion For U.S. Gov
Mar 14, 8:02PM
Tech giants, including Google to Apple, are notorious fans of offshore tax havens, which saves them billions of dollars. A new report from the Bureau of Investigative Journalism finds that "if this cash was brought onshore and taxed at the current US corporation tax rate of 35%, it would produce a $89bn windfall for the US Treasury – equivalent to 17% of America's projected $514bn budget… Read More
Bill Gates Says Snowden Is No Hero
Mar 14, 8:01PM
When Edward Snowden starts his official fanclub, he shouldn’t expect Bill Gates to sign up. The richest man in the world isn’t much of a fan at all, it turns out. In an interview with Rolling Stone, Gates outlined his view of Snowden in the context of his methods, and privacy itself. Answering the question as to whether he viewed that Snowden was a hero, or a traitor, Gates hedged… Read More
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