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.
That year for Porter was exhausting.As a free agent, Porter and his wife spent the summer traveling. When they returned to New York, Porter took a cushy corporate job at Ari Emanuel's talent agency, WME. Emanuel and Porter had been introduced by an OMGPOP investor, Marc Andreessen. The role, head of digital, would allow Porter to continue innovating at startup speed.
Still playingWords with Friends? Well, then Zynga's rewarding your loyalty with a huge update on the app's fifth birthday, complete with a redesigned interface and new features. The New Words with Friends (yes, it's been renamed, as well) doesn't only lookflatterthan its predecessor, it also comes with a new feature called Solo Mode, which lets you play on your own without internet connection.
Many of the most successful new games companies have rushed to sell shares to the public as soon as they possibly could.But Kabam, a mobile games maker, wants to put off an initial public offering for as long as it can.
Another market where the reality will not live up to the hype is wearables. The Apple Watch will not be the home-run product that iPod, iPhone, and iPad have been."Not everyone will want to wear a computer on their wrist.
I used to carry tools around for a living. A good tool bag was critical. I ended up with a variety of boxes with wheels on them just to lug them around town. I don’t do that anymore, but since I rent and don’t live in a house, space is at a premium. Maybe what I need is a compact bag for just the essentials. Let’s take a look at the Veto Pro Pac model MC.
Having been a startup employee before, Payne knows how it feels to work hard for an outcome that only benefits a few people.by getting them stock early, offering performance-based stock option grants regularly, being a good negotiator, and picking ethical investors.oans allowed employees to buy options at low prices and begin capital gains treatment without taking big personal, financial risks.Other startups, including Olga Vidisheva's Shoptiques, have begun to implement this process.
Reddit's CEO has resigned from his position following a disagreement over the company's new office location and lease cost. The information comes from Sam Altman, who made the announcement earlier today on his blog. Says Altman, former CEO Yishan Wong was not asked to resign (nor was it suggested he should), but he made the decision "when we didn't approve the new office plan".
After years of shying away from science, engineering and clean-technology start-ups, investors are beginning to take an interest in them again, raising hopes among entrepreneurs in those areas that a long slump is finally over. But these start-ups face intense pressure to prove that their science can turn a profit more quickly than hot tech companies like Snapchat and Uber, Hiroko Tabuchi reports.
There are moments when we meet someone [and immediately invest]," he stated. "I was in Istanbul one month ago for a conference. We listened to ten companies that were pitching on stage. One of them clearly had traction. It was two guys. I had never met them before.
Reading the one-star reviews that have popped up for Monument Valley over the past 48 hours is like a comedy routine. I've never seen so many people who claim to love something immediately resort to bashing it when they realize getting more content out of it isn't free.
I certainly have nothing against U2, but I think it's fair to say that if Apple wanted to make a huge splash by gracing the iTunes world with a free album, there are any number of bands Apple could have chosen that would have generated more of a buzz. Still, there may be even more to Apple's rejuvenated relationship with the boys from Dublin than meets the eye.
In July, Bill Gates may or may not have lost his title as the world's richest man. It depends on who you ask. According to Forbes , Gates has a net worth of almost $82 billion, which puts him in the No. 2 spot behind Mexican telecom magnate Carlos Slim, who's worth $85.4 billion. According to Bloomberg, Gates is still the world's richest man, worth about $86.5 billion, with Slim at No. 2.
Then there are the licensing deals. It's generated sales from licensing deals with Lego, as well as other companies that make "Minecraft"-branded clothes. And in February, Persson announced that his company is in talks with Warner Bros.
A year after spending $24.9 billion taking his computer company private, Michael S. Dell is gleeful to have his namesake firm to himself. And to be done with Wall Street, Quentin Hardy reports.“This morning on the treadmill I was watching Bloomberg and CNBC, all the circus clowns,” Mr. Dell said in a recent interview.
With elegant distribution through mobile app stores and a simple foundation around the phone's address book, it's relatively easy for new messaging services to sprout and flourish.As network effects build, they can quickly amass tens or hundreds of millions of users and put up impressive growth rates.
Google CEO Larry Page doesn't think enough investors in Silicon Valley are investing in real breakthrough technologies that could change the world. In an interview with The Financial Times' Richard Waters , Page estimates that only about 50 investors are putting their money in big, important ideas. "You can make an internet company with 10 people and it can have billions of users.
If you think the US Fed and the European Central Bank are inflating a stock bubble with their extended period of zero interest rates — 0% interest makes money cheap to borrow and invest, and it propels money out of savings and bonds and into stocks — then you're going to love this next chart. Jay R.