THE BUSINESS OF TECHNOLOGY
Twitter has been valued at $11 billion in a Greencrest Capital report, according to Forbes, which reported the company is eying a possible IPO as early as 2014. The publication credits recent management hirings, including Ali Rowghani’s promotion from chief financial officer to chief operating officer, the hiring of ex-Zynga employee Mike Gupta … [Read more...]
Despite the cynicism of the public market following the Facebook debacle, the IPO market actually managed marginal improvements for 2012, though its success was severely hampered by Facebook and similar market disappointments such as Zynga, according to Renaissance Capital's 2012 Annual Review of the US IPO Market. The IPO market started 2012 … [Read more...]
by Matt Gallagher, Red Herring RingRevenue, a provider of call marketing automation solutions that uses analytics to identify which callers offer the most promising leads, recently landed $3.25 million in funding in a round led by existing investors GRP Partners and Rincon Venture Partners. The company will use the new funding to grow its team … [Read more...]
The US Trade Representative removed the Chinese ecommerce site Taobao from its “Notorious Markets” for piracy, citing efforts on the part of the company to work with copyright holders after it was placed on the list for its reputation for counterfeited merchandise on the site. The Office of the United States Trade Representative report states … [Read more...]
After surveying more than a thousand of the leading private companies from North America, Europe, and Asia, Red Herring announced the winners of the prestigious Red Herring Global Top 100 award for 2012. A mark of distinction for identifying promising new companies and entrepreneurs, the award highlights some of the most innovative and … [Read more...]
by Igor Sill, Geneva Venture Partners Insights into the Mississippian Lime Opportunity The recent announcement from Paris-based International Energy Agency projects the US may become the world's largest oil producer by around 2020, overtaking Saudi Arabia, thanks to new technologies capable of extracting previously inaccessible oil reserves … [Read more...]
by Matt Gallagher, Red Herring journalist LightSail, an innovative Berkeley company that uses air compression, water droplets and some creative thermodynamics to store clean energy for the long term, has raised $37.3 million from none other than Bill Gates and Peter Thiel. One of the biggest drawbacks of clean energy is that it comes and goes … [Read more...]
We are delighted to announce an exciting new start-up competition with live finals on December 4th in Miami as part of MEF Americas 2012 Mobile Content & Commerce: the essential cross- border event for thought leaders & deal makers from across North & Latin America’s mobile ecosystems. Hosted by Red Herring CEO, Alex Vieux, 10 mobile … [Read more...]
Every day, cyber crime makes headlines. This week, Barnes & Noble announced that PIN keypads in 63 of its stores were hacked, leaking customers card information and PIN numbers. Earlier this month, US Defense Secretary Leon Panetta warned the country of the possibility of a cyber attack comparable to Pearl Harbor, and all but laid the blame of … [Read more...]
Amazon and Google can breathe a sigh of relief. Apple unveiled its iPad Mini, a 7.9 miniature version of the iPad, for $329, a bit more expensive than the $250 analysts had expected. About 65 percent of the cost of a full size iPad, the new iPad is well above mini tablet competitors such as Amazon Kindle Fire and Google Inc's Nexus 7, priced … [Read more...]