NYC Angels Grab Market Share
Looking forward to this week’s Disrupt NY 2013, we used the CrunchBase dataset to surface regional trends in US angel funding. Not surprisingly, we found relatively few metros with a substantial number of angel funded companies and the San Francisco Bay Area continues to be a formidable presence. But take a look at NYC (in red) – they’ve gone from 12% of the angel deals in 2008 to 20% in 2013. In fact, NYC appears to the only region with growing market share. What’s more surprising about NYC’s angel activity is that it is not reflected in its general share of venture rounds. When we looked at non-angel investments we found NYC’s share of activity to be relatively flat since 2008. It’s not clear to us what’s driving this, but we suspect others will have some good theories and that bring’s us to the data behind the graphs. To avoid our own Reinhart and Rogoff debacle, we’re publishing all of the data behind these charts. In fact, we’re publishing a significant ...
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Apple's Pile Of Cash Is Still Growing, Up 6% To $145 Billion
Apple now has $145 billion in cash on hand — a 5.8 percent increase over the past three months. The company last reported that they had $137.1 billion in cash back on December 30. To put this into perspective, with $140 million, you can produce the movie Spider-Man. Apple has enough money to produce a thousand blockbusters. Apple could use its cash to acquire some companies. But with more than $145,000,000,000, you can acquire a lot of companies. For example, Facebook’s market capitalization is only $61.89 billion. If Apple would use all of its cash to acquire Facebook, it would still pay a nice premium. With $9.5 billion in profit and little operating expenses, Apple’s cash will likely grow over the next three months. Yet, Apple doesn’t seem to be ready to use its cash on hand (short-term investments). Now that Apple is handing out dividends, its cash is one of the remaining issues with investors. Shareholders wants Apple to actually use this cash for something — acquisitions, ...
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Google Ventures, Kleiner Perkins And Andreessen Horowitz Team Up As "Glass Collective" To Invest In Google Glass Ecosystem
Today, Google Ventures announced a partnership with two of the biggest technology venture capital firms in the world, Andreessen Horowitz and Kleiner Perkins on what they’re calling the “Glass Collective.” While this isn’t a fund, the three firms will be sharing seed investment dealflow for entrepreneurs and developers who are working on Google Glass software and hardware. If one firm sees an interesting opportunity, they’ll go to the others with it. The hopes of this collective effort is to kickstart the developer ecosystem for Glass and bring it to mainstream users as soon as possible. Steve Lee, product lead on the Glass team, confirmed that the Glass Explorer kits will start being shipped out to developers, hopefully within the next month, who showed interest when it was introduced last year at Google I/O, so the three firms want to get in front of all of the activity that is currently, and will be in the future, happening in the ecosystem. With the billions of dollars that ...
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Cyber-Terrorists Attacking U.S. Banks Are Well-Funded
An anonymous reader writes "A DDoS attack targeting American Express on March 28th was just one in a series of incidents by self-proclaimed 'cyber-fighters' over the past few weeks. Beyond that, it's part of a much longer campaign to disrupt financial infrastructure using attacks over the internet. Ars details the group behind the most recent attacks, called 'the cyber-fighters of Izz ad-Din al-Qassam.' From the article: 'Named after a Muslim cleric who led The Black Hand, an anti-British and anti-Zionist jihadist organization in the 1920s and 1930s, and sharing a name with the military wing of Hamas (which the group's statements claim it is tied to), Izz ad-Din al-Qassam has taken credit for a variety of attacks on U.S. financial institutions over the past year, all allegedly in protest against the posting of trailers for the film The Innocence of Muslims on YouTube. Until the film is removed, the group said it would target "properties of American-Zionist CapitalistsThis attack will continue ...
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Delhi Startup Playcez Gets Seed Round For Location-Based Social App For India
Playcez, a startup out of Delhi, has closed a seed round of several hundred thousand USD for an events discovery app for Indian users. It wouldn’t say how much funding it got exactly, but noted that the figure is under and closer to $1 million. Its founder, Ashwani Gaur, acknowledged that other location-based, social type apps for consumers have tapered off in the hype cycle in the US, with investment in those coming down. But India’s growing smartphone user base is catching up to those trends, and is creating demand for his Playcez’s product at this time. The company was one of six to come out of the Global Superangels Forum (GSF) mentorship program in November last year. The GSF is a TechStars-modeled startup accelerator program launched in India in September last year focusing on intensive incubation efforts for early startups. Playcez’s app monitors social media and check-in activity in an area, and tries to judge locations based on where traffic is highest. Based on that, it ...
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