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An interview with Paul Graham on TechCrunch is attracting flak from the blogosphere for the investment criteria he uses for Y Combinator.
Last week we witnessed the sale of Kiko, a well-designed Y Combinator-funded online calendar. The deal went through via eBay to an as-yet-undisclosed party, for a quarter of a million dollars. Which is a good return for Paul and the Kiko founders, but not the really big bucks that they would have seen had Google bought it. Google of course launched its own calendar app, integrated into Gmail, which prompted the Kiko sale.
So does a fire sale on eBay, albeit a profitable one, mean that Graham is any more correct when he advises startup founders not to worry about business models?
Hundreds of internet pros turned up for last night’s Lemon Studios Summer Party at The Havana Bar & Club in London, which was roaring good fun.
Many attendees will be in full-on recovery mode judging by some of the strategic quaffing we witnessed. The cocktails were especially dangerous, particularly those that were tipped into glasses the size of small baths.
Six hours after announcing the Lemon Studios Summer Party and we have had almost 300 people register to attend, proving that the internet industry here in London is as eager as ever to, erm, drink mojitos.
According to the audit the supplier was “in compliance in the majority of the areas audited. However, we did find violations to our Code of Conduct, as well as other areas for improvement that we are working with the supplier to address.” What follows in the report is a breakdown of the audit methodology and selected results.
This week’s Bebo acquisition rumour comes in the shape of Viacom, the also-rans in the MySpace courtship battle. With Bebo in no rush to sell, we don’t anticipate this latest industry gossip will become a reality anytime soon.
It is plainly obvious that Big Media Companies are now scrambling all of their M&A jets in search of social networking sites to buy. This was previously something that seemed a little bit like bandwagon jumping a few months ago, but now there is a real reason for it.
I was given an iPod as a birthday gift a couple of years ago. Immediately, I fell in love with it, and it revolutionised my listening habits. It looks good, it is easy to use, and my particular model stored 5,000 songs, about half of my CD-based music collection.
But my love affair quickly turned sour. Over time, I have experienced various problems with the iPod and iTunes, some of which are listed after the jump.
The Netscape vs Digg war has escalated to new heights over the past few days and is reaching some sort of crescendo today after a Netscape security hole was spotted by – presumably – a Digg fan, who promptly inserted a pop-up with the message: “Hi to all you Diggers out there ; )”.
For those of you not following this sometimes hilarious battle of wits, the conflict escalated after Jason ‘mad dog’ Calacanis offered $1,000 to the top Digg contributors to migrate to Netscape, which is widely viewed as a clone of Digg.
Microsoft’s choice of Argo as the development name for its eagerly awaited digital media player has got us thinking about how other mighty digital brands might (or might not) want to draw on Greek mythology for inspiration.
There were three engaging presentations about the Future of Online Marketing at the Commission Junction University event for advertisers and publishers in London this week.
The message coming through loud and clear was that marketers need to wake up quickly to the shifting balance of power on the internet.
There is no escaping the fact that consumers will increasingly hold sway in the fast-changing digital environment.
TechCrunch reports that Bebo has spurned the advances of UK telecoms behemoth BT, which is rumoured to have offered more than £300m ($552m) for the social networking site.
However, a senior BT executive told E-consultancy that this is nonsense.
Our BT source said: “We can state categorically that BT has not had any discussions with, or made any approach to, Bebo. We're not sure where this rumour came from.”
UPDATE: Bebo's Xochi Birch also emailed me to say: "BT has not approached us and we currently have no contact with anyone at BT." She also has no clue about where the rumour came from.
The online buzz surrounding the Snakes on a Plane movie is a fine example of how internet publicity can go ballistic without a penny needing to be spent on traditional advertising.