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In Q2, there were 15 venture backed IPOs raising $900M, outnumbering total IPOs and proceeds for the two previous years.

Internet & Gaming

Chrome now 3rd most popular browser in the US with 10% marketshare, edging Safari.

Facebook has launched an interest suggestion feature for new users indicating it has behavioral recommendations ready; such a technology could be easily used for ad targeting.

Austin Ventures has invested $30M in Whale Shark Media, a roll up of deals and coupons companies, with the former COO of BankRate at the helm.

CrowdStar signs 5 year exclusive agreement with Facebook to use FB credits as only credit system.

Asia has surpassed the US as the largest producer of Tweets. Only 0.6% of Tweets are geotagged, according to a study by Semiocast

Firefox announces 2B cumulative add on downloads with 150M DAU.

Mobile

73% of the global population now owns a mobile phone, according to research agency The Mobile World.

Nielsen reports 6% of mobile users conume 50% of bandwidth and 99% of users are better off with usage based pricing. One quarter of all data plan subs use 0 kb per month, in a survey of 60,000 users.

Microsoft kills the Kin after six weeks. There is speculation fewer than 5,000 were sold.

Coupons.com announced its applications have garnered 300,000 downloads in the last 45 days and 1M in total. Coupon use rose in 2009 for the first time in almost 20 years

Enterprise

Lookout reaches 1M users for its smartphone security app 6 months after launch.  The app is free and uses a cloud service to scan apps you download for potential security problems.  

Eucalyptus raises $20M from NEA with Benchmark and BV Capital participating.  Marten Mickos has said the new funds will be used to accelerate engineering and target the enterprise market.

Cloudera announced their first paid software, Cloudera Enterprise.  Cloudera entprise is a bundle of Cloudera’s Hadoop distribution, a suite of management tools, and enterprise production support.  

Financing & Liquidity Events

Elevation buys $150M more in secondary purchase of common for 5M shares, a 33% discount to preferred. Elevation now owns 7.5M shares in FB.

Amazon acquires Woot for an undisclosed price.

Google acquires ITA for $700M indicating a shift into verticalized search. ITA provides algorithmic search to power many GDS systems.

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