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.
Launching a video game has become a challenge akin to launching a major feature film. Tons of money is invested up front, a release date is set, and gamers play.One ambitious videogame CEO, however, is taking a risk and turning this process on its head.Cloud Imperium Games’ Chris Roberts is relying on crowdfuning to finance "Star Citizen.
ou can't spell hedge fund without F-U-N," its App Store description says.Players start out with a lemonade stand and can work their way up the corporate ladder by buying other businesses like pizza deliveries and movie studios. The game doesn't offer any tech startups to park your cash in, though.
Two tech startups have become synonymous with on-demand car-hailing services, due to their ubiquity and the amount of money they've raised in a relatively short period of time. One is Uber.The other is Lyft.Lyft was founded in 2012 by Logan Green and John Zimmer. Green and Zimmer sold their first startup, a ridesharing service calledZimride, to the car rental company Enterprise in 2013.
Apple CEO Tim Cook made a "surprise" phone call to Mad Money's Jim Cramer to wish him happy anniversary.Tim Cook ‘Surprises’ CNBC’s Jim Cramer with Anniversary Phone Call is a post from: iPhone in Canada Blog - Canada's #1 iPhone Resource
International customers of Dell have one more payment option when shopping for the company's newest products: Bitcoin. Michael Dell tweeted out earlier today the announcement that, instead of accepting payment in Bitcoin in only the United States, Dell will take virtual currency payments from customers in the UK and in Canada, as well.
The 2013 Lamborghini Aventador Roadster is listed on eBay for the second time at the price of $500,000, and the current bid is at $410,000.The reserve bid (a seller can determine bids under a certain amount won't be accepted) has not been met.Cars, hot women, money, and guns are his favorite things to post to his audience of 6.7 million followers.
One of the most profound changes in the investment landscape over the past 15 years has been the loss of a once-vibrant IPO market.But knowing how it will end is different than knowing when it will end, and no one knows the answer to that.In the meantime — before it ends — fortunes and careers will be made.
Less than 12 months after investors valued Snapchat, the red-hot messaging app, at about $10 billion, the start-up is again in the market for money — and poised to nearly double that valuation.A range of other popular start-ups are also poised to propel their net worths to similar multibillion-dollar heights, including the virtual scrapbooking service Pinterest and the ride-hailing app Lyft.
When I recently wrote about Slack, a corporate messaging app that has aspirations to replace email, investors valued the company at $1 billion. That was a month ago. Today, the start-up announced that it has raised $160 million from a half dozen investors, and that it is now worth $2.8 billion.
This is a crowdfunded project, and as such may not deliver what its creators initially promise. Most crowdfunding sites, like Kickstarter and Indiegogo, have policies about what happens to your money if the project fails to deliver on its goals, but choosing to back a project is inevitably a risk.
Dave McClure, one of Silicon Valley's top small or "angel" investors, just chimed in via Twitter on the debate whether we're in a tech bubble . His verdict? "It might not be a bubble, but sure as hell the rent is too high." He's complaining that founders at very young startups, like the ones his company 500 Startups invests in, expect ridiculous valuations.
If you’re like our family, you’ve been waiting and hoping that Microsoft would make Xbox One backward compatible before purchasing one (we didn’t want to spend money on a new console andthen have to spend more to purchase new games just to use it).
A new study has been published this week which suggests that artificial intelligence can now learn "human-level control." The team of researchers come from Google's DeepMind , where they're using Space Invaders - the video game - to show how the search for truly human artificial intelligence isn't too far off.
If you don’t know what the Humble Bundle is all about, we ask you to come out of that rock you’ve been hiding in for this long. The Humble Bundle is not just about giving gamers video games on the cheap, it’s about getting the gamers to give money to great causes and charities – something you wouldn’t have thought possible.
The King of Instagram is off the hook. Last year, model Vanessa Castano sued the famed Instagrammer, Dan Bilzerian, after she alleged he kicked her in the face on purpose at a night club in Miami, Florida. Then, just days later, Bilzerian was arrested at LAX for detonating a homemade bomb in Las Vegas. Now People Magazine reports police say Bilzerian won't be charged.
, since players need to pay for in-game currency and special features. But game designer and former pro StarCraft player Sean Plott thinks it is actually the best business model for popular multiplayer games like League of Legends, Defense of the Ancients 2, and Hearthstone.The “Freemium” model dominates mobile games.