With $1.5M Led By Winklevoss Capital, BitInstant Aims To Be The Go-To Site To Buy And Sell Bitcoins
Cameron and Tyler Winklevoss, the twin Harvard graduates who famously sparred with Mark Zuckerberg over the founding of Facebook and are now working as tech investors through Winklevoss Capital, are part of the growing group of venture capitalists who have taken a keen interest in Bitcoins. Last month, it was revealed that they personally own roughly one percent of the currency, a stake worth the equivalent of some $11 million. And now, the Winklevosses tell TechCrunch they have invested in Bitcoin in another meaningful way -- by leading a funding round for a startup in the space. BitInstant, a New York City based startup that operates an online platform for buying and selling Bitcoins, has raised $1.5 million in a seed funding round led by Winklevoss Capital with the participation of other strategic investors including money services veteran David Azar. The investment was closed this past fall, but the Winklevosses are just now publicly announcing it in the lead-up to the Bitcoin Foundation's ...
Google Betting Its Google+ Systems Know What's Best For You
Nerval's Lobster writes "But at this year's Google I/O conference in San Francisco, Google announced that it has a plan to make Google Plus users more engaged, courtesy of new features backed by a handful of data-analytics tricks. Google Plus postings now feature Google-generated hashtags that, when clicked, direct the user to related content from across their network. From a backend-infrastructure perspective, that sort of thing leans heavily on Google's semantic analysis and the ability to make the right connections between various pieces of data. Google Plus will also automatically highlight certain photos out of dozens or even hundreds of shots. Say you went on vacation to India and took some photos of your significant other in front of the Taj Mahal; Google Plus will leverage its database of information to recognize that as a prominent landmark and pluck those photos out of the pile as 'special.' In the words of that posting on the Google+ Blog: 'Your darkroom is now a Google data center.' ...
Why Zuckerberg's Lobby Is Collapsing Like A House Of Cards Outside Of DC
“Power is a lot like real estate. It’s all about location, location, location.” — Frank Underwood, House of Cards At this very moment, Mark Zuckerberg’s political lobby, FWD.us, is probably taken aback at how reviled it has become, both from the public and its own members. After all, there are countless political technology lobbies, including Facebook’s own Political Action Committee, which routinely offer Republican candidates campaign cash for quid pro quo political favor. So, why, after discovering FWD.us indirectly supporting the controversial Keystone Pipeline initiative, have would-be supporters flooded their Facebook page with scathing comments, and its A-list supporters, such as Tesla’s Elon Musk, ditched the group? Unlike other lobbies, FWD.us burst on to the scene with a very public op-ed from its celebrity founder, promising to galvanize the latent civic passions of Silicon Vally’s netizens in a noble crusade to advance the knowledge society. While one hand extended ...
Investor Chamath Palihapitiya Says We're At An ‘Absolute' Low Point In Startup Quality
Chamath Palihapitiya, a former Facebook executive and founder of investment firm The Social+Capital Partnership, said today that the tech world should be "utterly ashamed," because "we are at an absolute minimum in terms of things that are being started." Palihapitiya was interviewed on-stage at our Disrupt NY conference. He argued that in contrast to past decades, where tech entrepreneurs were inventing silicon chips, putting computers on every desktop, or wiring the world, we're now "rehashing ideas from 2003." He didn't name a specific company, but when Palihapitiya talked disdainfully about an instant messaging app that allows you to send photos of everything from an apple orchard to your genitalia, and that the message disappears after a short period of time, it's not too hard to decipher who he's talking about.
Facebook, Tokutek and PhpMyAdmin receive MySQL Awards
At the MySQL Conference and Expo 2013, the MySQL community has honoured several individuals, companies and projects with the MySQL Community Awards. Winners include Facebook, PhpMyAdmin and MySQL Sandbox