Online games maker OMGPOP is raising a $10 million series B. The money is from new investors Rho Capital and Softbank, as well as existing investors Spark Capital and Betaworks.
OMGPOP CEO Dan Porter tells us the company will use the money to "aggressively" hire flash and mobile developers as it re-orients the company around the iPhone and Facebook. Right now the company has 35 people.
The 2013 Nexus 5 wasn't the phone you'd expect to build a loyal fanbase. Its plastic construction and unassuming design spoke more of engineering side-project than Google flagship, the epitome of hardware taking a back-seat while the latest version of Android - then 4.4 KitKat - held the spotlight.
A lot has changed in a couple of years since the last time Google peddled a 5-inch phone made by LG called the Nexus 5. Now we see a great refresh of that great smartphone in the Google Nexus 5X , still made by the same Korean gadget manufacturer, but adding a nifty feature set to the popular name.
The business partners behind the xCraft drone company out of Idaho have the ideal "Shark Tank" appearance in episode 5 of season 7. Founder, president, and CEO JD Claridge and board member Charles Manning step into the Tank seeking $500,000 for 20% equity and walk out with $1.5 million for 25% and Mark Cuban, Daymond John, Kevin O'Leary, Lori Greiner, and Robert Herjavec as investors.
Then,for sixyears, stocks rocketed straight upward, until the market had nearly tripled off the 2009 low. Over this period, investors overcame their fear and gradually fell in love with stocks again.As recently as six monthsago, with the market setting new highs, investors were once again very excited about the future of stock prices.
David Vivero and his team at Amino, a San Francisco start-up, have been assembling for the last two years an unusual collection of health data for a consumer service.The online service, which was introduced on Tuesday, is built on a database that includes nearly every practicing doctor in America and the treatment of more than 188 million people.
Mark Zuckerberg has told investors over and over: Don’t expect Facebook to focus much on quarterly earnings. The company is taking the long view.That long view is sure looking spectacular in quarterly earnings.The numbers Facebook released on Wednesday were almost completely positive. Revenue: way up. Profit: way up. Users: way up.How did investors treat the stock? You guessed it — way up.
In the last year and a half, one region has emerged as a bright spot: India.Of the $50 million in benefits the companydistributed to to Asia Pacific startups, $20 million went to mobile apps in India."It’s been really exciting to seen how [the program] has grown since we launched it" Deb Liu, Facebook's head of commerce, tells Business Insider."Especially in APAC, butin India in particular.
When institutional investors put money into companies backed by venture capital, they typically end up owning a type of stock called preferred shares. Now, institutional investors are also becoming owners of a different class of start-up stock: common shares.
While Nintendo didn't have a lot of good news to share in its latest earnings report , it's now elaborated on a new money-maker . Yep, those Amiibo: for-real figurines that can connect to compatible games — which are eminently collectible in the process. Nintendo says it sold a stunning 9.9 million figures in the last quarter, which is up from 6.4 million Amiibos from the quarter before.
With the money flowing freely in Silicon Valley, there's been little incentive for startups to face the public markets, says Bill Maris, CEO and president of Google Ventures. Corporations are raising cash like a startup, absorbing mountains of money from venture capitalists rather than facing a fickle public market. As a result, tech IPOs in 2015 are markedly down from previous years .
If Cisco Systems’ new chief executive has his way, in a couple of years he will have a very different company.In his first big public statement since he took the helm in July, Charles H. Robbins said Cisco would move away from selling individual switches and routers — the plumbing of the Internet and other modern communications systems.
Apple finished Monday's regular trading session down 2.5%, after briefly outperforming a broad sell off in the market that battered stocks across virtually all industries. Apple was in the green this afternoon for a few hours after CEO Tim Cook sent an email to CNBC's Jim Cramer in an unprecedented move.
As smartphones become more sophisticated, they require more and more power, more than what they're internal batteries can provide. And as external batteries become more a fact of digital life, they themselves, in turn, become just as stylish and as sophisticated as the smartphones they power up. Take, for example, mophie , one of the leading brands when it comes to mobile battery solutions.
Have you ever been confused by a company talking about bookings as if its revenue? Have you ever wondered about the difference between recurring revenue and plain old revenue? Do you know how to evaluate a cloud computing company that takes money as subscriptions rather than up-front payments? How do you calculate lifetime value of a customer? (Hint: You can't just make up a number.
Established players and startups face very different challenges. Banks are investing more heavily in innovation, however, they haven't yet fully diffused their innovation strategies throughout their organizations. Meanwhile, startups are trying to navigate the regulatory landscape.
In my house, peripheral-heavy music games are more like board games than video games. I don't play Rock Band 4 or Guitar Hero Live the same way I do League of Legends Life is Strange or Fallout . I don't regularly boot up Rock Band 4 and bang on the drums for a few hours by myself, largely because I don't crave that experience when I'm alone.
Iran claims to have flown a reconnaissance drone over a US aircraft carrier, part of a war-games op the American Navy has blasted as "unprofessional". The incident is believed to have taken place in early January, with the drone part of a combined effort to surveil not only the USS Harry S.
Nintendo has lately been willing to license its characters for movies (see Donkey Kong's appearance in Pixels ), but it's been a long time since there was a flick based on its characters -- maybe it's still having traumatic flashbacks to Super Mario Bros. from 1993. Whatever the reasons, it might just have a change of heart.