Microsoft’s New Bing Fund Announces Its First Two Companies
Just about a month ago, Microsoft officially announced its Bing Fund angel fund and incubator program. Today, Bing Fund announced that it has enrolled its first two companies: app development service Buddy and Pinion, an advertising service with a focus on gaming communities. Both companies hail from Microsoft's own home state of Washington and will, among other things, get subsidized use of Bing's APIs, mentorship, funding and access to co-working space in Bellevue, WA where Microsoft’s Online Services Division is located.
Benchmark's Bill Gurley Says New York Has The Engineers And Entrepreneurs, Now It Needs Big Iconic Companies
What are the challenges that the New York tech scene needs to address? This topic kicked off the conversation this morning between TechCrunch founder Michael Arrington and venture capitalist Bill Gurley at TechCrunch Disrupt NY 2013. Gurley’s VC firm, Benchmark, has invested in some of the most disruptive technology companies over the past 10 years, including Dropbox, Zillow, Uber, Twitter and Snapchat. He says that New York needs more iconic companies, and worries about the Wall Street influence on the New York tech community. Gurley noted that what really put Seattle on the map were companies he described as “four pillars” of the Seattle market - companies that people identify as being associated with Seattle: specifically, Microsoft, Starbucks, Amazon, and Costco. He says that all of these were originally venture-backed and have remained throughout the years. New York has the entrepreneurs and the engineers, says Gurley. Now the city needs its own “iconic” companies ...
Microsoft's Q3 2013 Results Beat Expectations With EPS Of $0.72, Miss On $20.49B In Revenue, CFO Peter Klein Leaving
Microsoft just reported the results for its third financial quarter of 2013. The company’s revenue came in just under expectations at $20.49 billion but it beat expectation with an earnings per share of $0.72. Despite the muted response to Windows 8 and PC sales that continue to disappoint, the analyst consensus was that Microsoft’s revenue would increase 13 percent compared to last year. The expectation was that Microsoft would report $20.56 billion in revenue and EPS of $0.68 this quarter, compared to the $0.60 EPS and $17.41 billion in revenue Microsoft reported in Q3 2012. “The bold bets we made on cloud services are paying off as people increasingly choose Microsoft services including Office 365, Windows Azure, Xbox LIVE, and Skype,” said Steve Ballmer, chief executive officer at Microsoft in the announcement. “While there is still work to do, we are optimistic that the bets we’ve made on Windows devices position us well for the long-term.” Last quarter, which is traditionally ...
Microsoft To Sell IPTV Mediaroom Division To Ericsson, Will Refocus TV Efforts On Xbox
Microsoft announced today via its blog that it will be selling its Mediaroom properties to Ericsson, in a deal that will see Ericsson become the dominant IPTV player in the industry with over 25 percent market share. Mediaroom operates as a pretty much separate company from Microsoft, with its own HQ in Mountain View and around 400 employees, and powers TV offerings like AT&T U-verse, as well as services from Deutsche Telekom, Telefonica and Telus. The deal clears the deck for Microsoft fo go all-in on Xbox as the focal point of its own TV efforts.
Microsoft: jQuery 2.0 Will Add Full Support For Windows Store Apps