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Pedestrian Map App, Lumatic, Raises $800K From Joi Ito And 500 Startups

Lumatic screenAll the major map apps like Google Maps, Bing Maps, and Mapquest have walking directions as a standard feature, but the folks at Lumatic don't think they are good enough. It is creating mobile maps designed for pedestrians, cyclists, and...

Sh#t VCs Say: “Have You Ever Tried Kiteboarding?”

Following in the tradition of "Shit Silicon Valley Says" and other Shit ______ Says memes, August Capital's David Hornick has made "Shit VCs Say." There are some gems in here, including:

Yammer Time: In 2011 “Pretty Much Everything Tripled”

yammerYammer grew like crazy last year. How crazy? Product VP Jim Patterson just tweeted out the Yammer 2011 Year in Review infographic below with the comment: "Pretty much everything tripled." Paid seats went from 300,000 to 800,000, total users went...

You Know What’s Cool? $1 Billion In Profits

social-networkWe learned a lot of things about Facebook today from its IPO filing. But there is one detail that sticks out for its improbable exactness: The $1.000 billion in profits Facebook reported for 2011. The number wasn't $998 million. It...

Twitter’s Dick Costolo: “We’re Growing Faster Than We Have Ever Grown Before”

Does Twitter need Google or does Google need Twitter? It's a question complicated by recent events, such as the two companies not coming to an agreement to extend their previous partnership through which Google showed Tweets in search results. That deal wasn't renewed,and then Google decided to promote its own Google+ results in search, which...

Pre-IPO Filing, Facebook Trading Privately At $84 Billion Valuation

Facebook $84BAs everyone waits for Facebook to file for its IPO this week, one of the big questions is what will its valuation be. Will it hit the magic $100 billion? Well, we are not going to find out this week...

LivingSocial CEO: Lumping Us With Groupon Is Like Lumping eBay With Amazon

Tim O'ShaughnessyThe local commerce industry as represented by daily deal sites like Groupon and LivingSocial is still barely learning to walk, even though Groupon has 10,000 employees and LivingSocial has 5,000. While the two companies look nearly identical today, don't...

For Those Who Can’t Let Go Of The Past: The Techmeme Re-Underliner

HeadlinesFixedRemember the old Techmeme of a week ago, before the new design took effect? Sure, the new design is easy on the eyes. But is it better? Personally, I'm already used to the new look, other than the sponsored posts stuck...

Apple’s Off-The-Charts iPhone And iPad Sales

Apple Quarter AsymcoSometimes you have to see things to truly appreciate their magnitude. Apple's latest quarter was so massive that MG had to write two posts about it: $46 billion in revenues, 37 million iPhones sold, 15 million iPads....

What Apple Should Do With Its $100 Billion In Cash: Buy Hollywood

apple-cash"Kill Hollywood," is the latest battle cry from Silicon Valley. If you are Paul Graham, that's not a bad way to motivate young would-be founders to create new startups. But what if you are Apple, trading spots with Exxon on any given...

Jeff Clavier’s SoftTech VC Raises $55 Million For Fund III

softtech-vcThe micro-VCs are growing up. Case in point: Jeff Clavier, who started out as an angel investor backing Web 2.0 companies and then transitioned his portfolio into a more formal venture firm, SoftTech VC. Clavier just finished raising a total...

Tim Cook: “There Will Come A Day When The Tablet Market Is Larger Than The PC Market”

ipad 2One of the big questions hanging over Apple this quarter was whether or not iPad sales would continue its rapid growth. Last quarter Amazon introduced the Kindle Fire at $200 (well below the iPAd's entry-level $500 price) and there was concern...