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Posts Tagged ‘Palo Alto’

Netgoround: Do we really need more social networks?

Tuesday, October 2nd, 2012

By Allan Maurer

Allan Maurer

Allan Maurer

Do we really need more social networks? During a recent interview a social media expert for a large corporation told the TechJournal that “A new one pops up every week.”

Some weeks more than one new social network announces its arrival. This week has hardly more than begun an already we see three new ones touting their digital wares.

There is e-Deliberation, a Canadian firm based in Victoria, British Columbia, which headlined its press release, “Social Networking is Dead; Long Live e-Deliberation.”

Lofty goals

Established in 2010 by Jean-Daniel Cusin, a serial entrepreneur, the company says “The mission of e‑Deliberation is to bring the Internet experience to the next step: enable people globally to mutually connect, deliberate and collaboratively resolve issues that concern them.”

One of the hallmarks of these startups is a statement of lofty goals.

Here’s Cusin on his vision for e-Deliberation, for instance:

“The events of the past few years have highlighted that when governance systems, be they geo-political or corporate, are controlled by a very few people at the top who are expected to master everything, it’s a disaster.”

But that isn’t all.

He adds, “The world is too complex for that. Too many knowledge domains, too many stakeholders, jurisdictions, potential impacts… If we are to advance as a civilization, we need to leverage the Internet to solve big problems by assembling the right minds and helping them get the job done. That is what we are doing with e-Deliberation.”

Investor research site

Also in today’s news: New York-based Dodilio, describes itself as “The first global network allowing investment professionals to generate, consume, and collaboratively develop customized research products and services on demand.”

It says Dodilio allows investors to quickly and efficiently access the specific information they need, on select social networks and forums that will help them satisfy their investment objectives, improving the quality of research received.

But wait, there’s more

Las Vegas, NV, and Palo Alto, CA-based AlertID has launched the AlertID Secure Social Network.

It’s purpose? “Individuals, families, communities, schools, co-workers, public safety officials and others concerned about the safety of communicating on social networks now have a safe and easy way to share important information quickly.”

AlertID says its network is secure because the company does not scan the content of members’ communication and postings to sell to advertisers or anyone else, nor does it sell information that would personally identify members to advertisers. AlertID’s proprietary platform also prevents search engines from scanning users’ information.

Available features include:

  • My Neighborhood: Securely share messages about suspicious persons, crime, missing pets and other neighborhood information, as well as pictures, videos and more with AlertID members in the vicinity of the member’s physical address as well as other areas to monitor such as work, child’s school, and parents’ home in another state, among others.
  • My Groups: Safely create private or public groups and invite friends, colleagues, customers and others, either one-by-one or by easily importing contact lists. Groups may or may not be location-based and can be created for schools, homeowner’s associations, public safety organizations, neighbors, families and more. The “group administrator” also has the ability to use the
  • AlertID Broadcast System™ (ABS), previously only available to law enforcement and public safety agencies, to send critical alerts via secure mobile notification and email to members of the group, including those for missing children, lost pets, suspicious persons and more.
  • Homeland Security Reporting: Easily report suspicious activity directly to the Department of Homeland Security as it happens either from mobile devices, Apple iPads or computers.

We can see how that might be useful in any number of circumstances. The question we have to ask about all these services is how much traction are they going to get? Is the need for them real? Are there enough interested people in these niches to create a going concern?

In fact, these three new social networks all seem to fill special niche needs – although we’re not so sure about e-Deliberation. Many others bring only a few different features to what is essentially a Twitter, Facebook, LinkedIn, Tumblr, Pinterest or Google Plus knockoff. Still three on one Tuesday in October suggests this bandwagon’s wheels are churning at full speed.

We saw a similar stampede to create variations of digital daily deals or electronic coupon sites and services for most of 2011.

One of the reasons three quarters of startups fail is that rather than bringing innovative thinking to meeting consumer, business or professional needs, they tweak existing ideas or create me-too companies that are not likely to go anywhere unless they land enough funding for marketing efforts and most won’t.

Imitation will never replace innovation.

As for marketers, Chris Brooks of Hilton Worldwide, who is giving a talk at the Digital East event going on today and tomorrow (Oct. 2-3) in Herdon, VA, noted that most work with limited budgets and time.

Flipboard launches on Android phones, Nook, & Kindle Fire

Monday, June 25th, 2012

By Allan Maurer

Flipboard, a digital service that lets users select their own news and entertainment sources and presents them as magazine-like pages users flip through, is now available on Android phones, the Nook, and the Kindle Fire.

For the first time Flipboard is available to the hundreds of millions of Android users as a free download in Google Play.

In addition, Flipboard is now available in the Amazon Appstore for Android, the Barnes & Noble NOOK Store and in Samsung Apps. For people in the United States, Flipboard will come pre-installed on the new Samsung Galaxy SIII via leading U.S. carriers.

I downloaded it onto my Kindle Fire last week and have been using it ever since.

Previously, I had been using another news reading app, Pulse, which also allows users to select their digital news and web site sources. It then offers stories from each site or user social network on a Cool Iris-like panel of stories with photos or illustrations. Users tap the story link and get part of it immediately with a link to the orgininal online.

I’ll probably still use Pulse from time to time, but Flipboard’s interface is more elegant and the magazine-like presentation of pages is attractive as well as fun to use. You can choose from topic areas ranging from news and tech to entertainment (among many others) and your own specific choices (mine, for instance, include chess and science fiction).

You can even connect it to your Google+ and Youtube accounts.

Freedom from typing in URLs

The benefit of these digital news reader/magazine services, Flipboard, Pulse, and others, is that it is still largely a pain to type in site urls via digital keyboards. Both Flipboard and Pulse make it easy to browse your topics of interest quickly and easily.

I do nearly all my web browsing on the Kindle Fire via one of those apps.

For me, they’re better than a daily newspaper used to be as a way to get a handle on the news and topics I care about in the morning, or just to kill time waiting for service at a restaurant or waiting for a train or indeed, during travel by car, plane, train or bus.

“People are amazed by all the things they can see on Flipboard, and often the most personal and interesting stories come from friends,” said Mike McCue, CEO of Flipboard.

“Today we have over 2000 featured content partners from around the world and, now with the addition of Google+ and YouTube, we have all of the popular social networks for our readers to sit back and enjoy.

The company is based in Palo Alto, California and backed by legendary investors Kleiner Perkins Caufield & Byer, Index Ventures and Insight Venture Partners.

 

Mobile video firm Tango and Facebook networking app Branchout nab large rounds

Thursday, April 19th, 2012
Retro video phone

Video phones popular in sci-fi and speculations about the future may finally be taking off via mobile

You can get a feel for what’s hot in the digital space from the large funding rounds two firms disclosed today.

Remember the video phones once so common in science fiction that never took-off in real life? Their mobile equivalent is doing much better.

Tango, a Palo Alto, CA-based mobile video calling service, has closed a $40 million Series C round of funding with investment that included new investors Qualcomm Incorporated, acting through its venture arm, Qualcomm Ventures, and Access Industries Inc., the industrial holding company founded by Len Blavatnik. The financing brings the company’s total funding close to $100 million.

This round also saw additional investment from members of co-founder Eric Setton’s family who have been supporters of the company since the early days. Other prominent Tango investors include Draper Fisher Jurvetson, Michael Birch, Andy Bechtolsheim, and Bill Hambrecht.

Tango has seen record growth and usage in the last few months. The number of daily calls has doubled in the past four months and daily registrations have doubled since July 2011. In just 18 months, 45 million people have started using Tango, over 10 percent of them use Tango every day, and 44 percent are active.

BranchOut trees $25M fore Facebook professional networking app

San Francisco-based BranchOut, the largest professional networking application on Facebook, has surpassed 25 million registered users, adding more than three new registered users every second.

The continued adoption of BranchOut by global users spurred another round of funding, the company says, as it closed $25 million in Series C financing led by Mayfield Fund. Previous investors Accel, Norwest Venture Partners and Redpoint Ventures also participated in the round. This financing brings BranchOut’s total funding to $49 million.

BranchOut’s 25 million registered users can leverage their network connections of more than 400 million professional profiles to help them find jobs, recruit talent, and open doors to new opportunities.

Much of BranchOut’s growth has come from its emerging mobile user base. Since adding the ability to connect with Facebook friends from its mobile application in February, 40 percent of its new users now join from mobile devices. BranchOut is now accessible via Android smartphones, Apple iOS devices, and tablets.

With an average of nearly two million new registered users joining weekly since February, BranchOut is also growing rapidly from increased international adoption. Approximately 50 percent of all new users join from countries outside of the U.S. — primarily in the U.K., Europe, Australia, Canada, and India — to utilize both their personal and professional relationships on a single network.

The Series C funding will allow BranchOut to expand its San Francisco-based team of 45 people.

General Catalyst names early Facebook employee a venture partner

Monday, April 2nd, 2012

General CatalystKevin Colleran, a foundational Facebook employee who developed the initial advertising programs for the social network, is joining Palo Alto, CA-based General Catalyst Partners as a venture partner.

As Facebook’s second-most tenured employee at the time of his departure behind founder and CEO Mark Zuckerberg, Colleran offers tremendous experience for early stage and high growth companies.

In his new role at General Catalyst, Colleran will focus on mentoring young entrepreneurs in early stage investments.“Kevin’s experience monetizing social networks and deep understanding of the consumer experience make him a tremendous addition to our team”

Facebook’s seventh employee

Colleran began his career at Facebook in 2005 as its seventh employee and played a critical role establishing social media as an essential component of every brand’s marketing strategy.

During his tenure at Facebook, Colleran led some of the company’s largest advertising partnerships with companies including Procter & Gamble, Johnson & Johnson, and Coca Cola. His main focus was to help premier brands learn how to evolve their marketing strategies and adapt to the rising popularity of social media. In that role, he helped establish the very first Facebook brand pages for these global icons.

“There’s always been a high volume of talent and innovation coming out of Boston, and there’s been a significant uptick recently. The most recent IPOs of General Catalyst companies like Demandware and Brightcove are proof of that, and I’m especially excited to identify the next great ideas and help develop and nurture them into phenomenal companies,” said Colleran, who will be based in General Catalyst’s Cambridge, MA. office.

Will work with consumer sector firms

In his role as venture partner, Colleran will identify and work with early stage companies in the consumer sector, in addition to serving as a board member and board observer for high growth companies.

Having spent six years at Facebook traveling the world and meeting with brand managers, advertising agencies, and global CMOs he has helped them better understand the new marketing opportunities that social media has to offer.

“Kevin’s experience monetizing social networks and deep understanding of the consumer experience make him a tremendous addition to our team,” said Joel Cutler, managing director at General Catalyst. “We’re excited to have him on board.”

In addition to his experience at Facebook, Colleran brings a lifelong interest in entrepreneurship to his new role. While in high school and college, he won multiple national entrepreneur of the year awards and founded various marketing and Internet-based startups.

After college, Colleran worked as a consultant with BMG Music in NY where he launched a music sponsorship company that focused on artists signed to the Arista and RCA record labels. In 2005 he was recruited to Facebook by Sean Parker, the company’s founding president.

Quixey raises $3.8M for “What do you want to do?” app search engine

Monday, August 29th, 2011

QuixeyFinding the right mobile app for your needs can be more of a pain in the nether regions than necessary. A West Coast startup just landed funding to help mobile device users find the apps that do what they want without jumping through a lot of search hoops. Palo Alto, CA-based  Quixey — a search engine for apps –  has raised $3.8 million in Series A funding. The $3.8 million investment will help fuel growth and partnership development.

Quixey invented a new type of search — functional search — specifically for apps. Quixey’s functional search scans blogs, review sites, forums and social media sites to learn exactly what each app can do. Quixey has hundreds of pieces of data about each app. Quixey searches apps across all platforms — including mobile, web, desktop and browser apps.

Quixey is fundamentally different from other search engines. Other search engines require users to know an app’s name or official description to find the right app. Since Quixey knows exactly what each app can do, users can search by answering the question, “What do you want to do?”

The investment was co-led by U.S. Venture Partners and WI Harper Group with participation by Webb Investment Network in addition to a follow-up investment by Innovation Endeavors.

Funded: Impermium, $1M for social web anti-spam service; RealDirect, $2M

Tuesday, June 28th, 2011

ImpermiumPalo Alto-based- Impermium has nabbed a $1 million seed financing round, which will enable the company to accelerate development of the world’s first service to deliver “anti-spam for the social web.”

Investors participating in the self-led funding round include Accel Partners, AOL Ventures, Charles River Ventures, Freestyle Capital, Greylock Discovery Fund and Morado Ventures. Angel groups Archimedes Capital and Embarcadero Ventures also contributed to the round.

Impermium was founded by former Yahoo! “Spam Czar” Mark Risher, Vish Ramarao, and Naveen Jamal. Prior to Impermium, the co-founders led the anti-spam and security group at Yahoo! Mail, where they drastically reduced spam and fraud for Yahoo! customers through sophisticated detection algorithms and machine-learning technologies.

The Impermium social spam and abuse defense platform is now available in limited beta. The company is working with numerous publishers across the social web, defending against attacks in the areas of spammy user-generated content, fraudulent registrations, account hacking, stolen passwords, and related forms of abuse.

Grotech only sold a minority of LivingSocial Shares

Dan Primack reports in his Fortune.com Term Sheet that the shares of LivingSocial that Virginia-based Grotech sold are just a minority of its holdings in the daily local deals firm. LivingSocial, which just purchased three foreign local deals companies, is giving Chicago-based Groupon a run for its money in the highly competitive space.

Primack notes that VentureWire says buyers of the Grotech LivingSocial shares included Lightspeed Venture Partners and T. Rowe Price.

New York-based RealDirect grabs $2M for homeowner marketing platform

RealDirect. a company with an online marketing platform for homeowners selling their property has raised a $2 million first round led by GSA Venture Partenrs with participation from Bendigo Partners and High Peaks Venture Partners.

Funded: Urban Interactions, $1.6M; DisplayLink, $8M; SolarBridge, $19M, more

Tuesday, June 21st, 2011

DisplayLinkDisplayLink, a provider of networked display technology for multi-monitor and USB-connected computing, has announced that it will receive eight million dollars of new financing in a fourth round investment, with an option for an additional six million if needed. The Palo Alto-based company did not disclose the investors providing the new capital. DisplayLink has previously received financing from Atlas Venture, Balderton Capital, DAG Ventures, DFJ Esprit and WTI. The company has raised a total of $68 million.

DisplayLink Corp develops hardware and software solutions to enable easy connectivity between computers and displays over standard interfaces such as USB, Ethernet and wireless networks. DisplayLink technology is used in dozens of globally branded PC accessories including monitors, universal docking stations, display adapters, projectors

SolarBridge nabs $19M third round funding

Austin, Texas-based SolarBridge Technologies (SolarBridge), a developer of module-integrated microinverters for the solar industry, announced it has secured $19 million in series C funding. The company has raised more than $46 million to date.

The funds, raised from current investors as well as new financial and strategic investors, will be used to ramp up production capacity, expand sales support and logistics organizations and scale up research and development teams.

ScaleXtre,e weighs in with $11M Series B round

Palo Alto, CA-based ScaleXtreme Inc. the first cloud-based systems management company, today announced it has closed an $11 million Series B led by Ignition Partners with participation from previous investor, Accel Partners.

The new financing will be used to accelerate the rollout of additional product capabilities, and expand marketing and sales for ScaleXtreme’s innovative new way of managing hybrid clouds. Frank Artale, managing director at Ignition, will join the board that includes Ping Li from Accel and Nand Mulchandani and Balaji Srinivasa from ScaleXtreme.

Urban Interactions gets $1.6M
Somerville, MA.-based Urban Interactions Inc. has closed a $1.6 million equity offering, raising the amount from six investors, according to a filing with the U.S. Securities and Exchange Commission.

The company raised $455,000 in 2010. Urban Interactions matches job hunters with positions that suit them best.

Ping Identity, cloud ID solutions firm, lands $21M fifth round

Denver-based Ping Identity, which sells cloud identity security software, has raised a $22 million fifth round. Triangle Peak Partners and Silicon Valley Bank were new investors. Return investors include Appian Ventures, Draper Fisher Jurvetson, General Catalyst Partners, SAP Ventures and Volition Capital. Ping raised about $38 million in previous rounds.

Maryland’s Merkle Group closes on $2.8M for marketing tech

Friday, January 14th, 2011

COLUMBIA, MD – Merkle Group Inc., one of the nation’s largest database marketing agencies, has closed on a $2.8 million equity round, according to a regulatory filing.

The customer relationship marketing firm raised a whopping $87.2 million in three equity offerings in 2010. Investors include Palo Alto, CA-based Technology Crossover Ventures.

Merkle provides customer strategy, business intelligence and analytics, data sourcing, media targeting and measurement, and marketing technology solutions to Fortune 1000 companies and leading nonprofit organizations. With over 800 employees, the privately held corporation is headquartered near Washington, D.C. in Columbia, Maryland with additional locations in Boston, Chicago, Denver, Little Rock, Minneapolis, New York, Philadelphia, Seattle, Hagerstown, MD and Shanghai.

Company clients include such marquee names ad Bank of America, Dell, General Electric, Samsung and the Arthritis Foundation.

The company employs more than 1200 people. It disclosed the raise in a filing with the US Securities and Exchange Commission.

–Allan Maurer

To contact TechJournal South Editor & Writer Allan Maurer: Allan at TechJournalSouth dot com.

Facebook attracts 1 in 4 page views, valued at $35B, feeds malware to some

Tuesday, November 23rd, 2010

FacebookPALO ALTO, CA – Facebook investor Accel Partners has sold 17 percent of its stake in the company for $516 million, which values the social networking phenomenon at $35 billion, according to Vator.tv. The Accel sale leaves Russia’s Digital Sky Technologies the major shareholder in the company.

A report from Experian Hitwise this week says that one of every four web pages viewed last week were on Facebook. The service accounted for 24.27 percent of all U.S. pageviews, while runner-up YouTube.com had 6.93 percent.

Security software seller BitDefender says statistics from its Safego Facebook app that monitors their vulnerbility to malware, says that 20 percent of Facebook users are exposed to malicious posts in their news feeds that lead to their accounts being hacked. The figures come from Safego’s analysis of news feed items seen by 14,000 Facebook users.

Facebook feeds may contain malware

More than 60 percent of the malcious attacks come from third-party applications using Facebook’s developer platform. Many offer to perform a task otherwise impossible on Facebook, such as see who has viewed your profile. Other malware offers bogus items for Facebook apps such as Farmville or offer allegedly free gifts such as games or cell phones, the report says.

Other attacks come from viruses such as Koobface or links to videos.

Nora Therapeutics injects nearly $15M of $32.5M round

Friday, September 24th, 2010

Nora TherapeuticsOWINGS MILL, MD- Nora Therapeutics Inc., which is developing therapeutics to address issues in womens’ reproductive health, has raised $14.8 million of a targeted $32.55 million round, the company disclosed in a filing with the US Securities and Exchange Commission.

We reported in June that Nora had closed on about $3 million of the round, then aimed at $25 million, according to an SEC filing.

Investors so far include Burrill Life Sciences Capital Fund of San Francisco; Prospect Venture Partners III of Palo Alto, CA; Vivo Ventures Fund VI, Palo Alto.

Nora Therapeutics raised $25 million from Burrill, Prospect Venture Partners and Vivo Ventures in 2008.

Nora is developing products to help women who experience repeated assisted reproduction failure or recurrent miscarriage. It was housed at the Emerging Technology Center in Baltimore in 2004.

We mentioned previously that we like seeing West Coast VCs putting some money into East Coast firms.

We have also been impressed with biotech fund raising in Maryland in general this year. The state has driven development with a number of moves supporting the industry, from programs to provide some early stage funding to establishing a biotechnology center.

Maryland and North Carolina have now and then exchanged places among the top five US biotechnology hubs in annual rankings. Its proximity to the governments National Institutes of Health and the Potomac and Mid-Atlantic venture capital community are distinct advantages.

–Allan Maurer

To reach TJS editor Allan Maurer: Allan at TechJournalSouth dot com.