Alex Welch and Darren Crystal, co-founders of Photobucket have decided its time to leave Fox Interactive Media. The two had sold the photo sharing site to FIM back in 2007 for a total value of $300 Million and will be leaving it by the end of this month. We aren’t sure what the two are going to do in the future but chances are that they will be work upon something new, which is the only possible thing they will prefer to do.
Archive for August, 2009
SpinVox isn’t the only lucky one out there to bag funds as Spotify comes close to raising an even healthier round. The streaming music app has raised close to $33 Million in its current round of funding and reports state that its overall investment could be climb to $50 Million. We have no confirmation on the investors but its highly likely that the funds came in from Hong Kong based investor, Li Ka Shing Foundation and Wellington Partners.
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After planning to pay off its employees’ via stock as summer salary and intentions to score a new round of funding, SpinVox has managed to bring home a healthy round. The funding came from existing investors. The funds raised exceed the anticipated £5.5 Million as reported, while the actual amount remains undisclosed. Whatever the funding be, it is highly likely that the major part of it will be adjusted in repaying the amount it owes to various suppliers. But with cash in the pocket, I don’t think SpinVox will be worried about the expenses for the time being.
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I am not sure how the gurus in the tech world are going to take this, but I was surprised hearing that Eric Schmidt CEO of Google is no more amongst Apple’s Board of Directors. Of course we can add all sorts of speculations behind this resignation but the obvious reason is Google forcing itself in direct competition with Apple’s business. How? Well the search giant has stepped on its Mobile ventures with Android and furthering the damage with plans of Chrome OS. Now isn’t that lessening Eric’s significance in the board? Or is Steve Jobs thinking that Eric is hijacking Apple’s ideas to Google? He joined in Apple’s board in August 2006, back then of course Google was all about Web. But the sudden burst in innovation and expansion in platform has alarmed every one around. I guess Eric has a lot more to handle as Google CEO and he can use the time he saves from here to bring in better things for Google. Does he want to gulp down more of what Apple has for the future?
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I don’t know about others, but I personally hate the idea of bargaining for an item in a shop and then coming out empty handed. That changes with online market place and Aroxo is a new entrant in the category and it’s pretty good. Simply type in what you are looking and Aroxo displays you with the list of items associated to your item. The best part is that you can then set up parameters like price you want the item for, etc and a thermometer shows you how close you are to the price the seller has set. Once the price is close to your match, you can set up the response time within which the seller can respond to your request. Negotiations can continue until one of you gives up and agrees to the conditions set by the other. What’s good about it? It keeps all the facial expressions out of the conversation.
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Startup incubator, Polaris Ventures is giving its team a boost as it hires former VP of Marketing and Business Development at Widgetbox, Ryan Spoon. His primary focus will be Polaris’ Dog patch Labs and will also assess numerous areas of investment. he has had vast experience at eBay as well and becoming a part of Dog patch Lab will bring him in the circle of the many aspiring entrepreneurs at Pier38. He will be taking his seat in the office from Monday.
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While long weekends might be good for refreshing one self up they obviously have one miss out important news. One such news was MySpace Mail that went live earlier. The service goes live after almost a year in works and it’s good to see MySpace adding another dimension to the many it has already. As had been said earlier, MySpace Mail will surface as a major webmail service with a many as 20% of its 130 million users will have access to it. Let’s hope it places it at number two in another race as well.
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