HP shuts down WebOS and will likely sell its PC unit as the company moves to a enterprise and services oriented future, similar to IBM. The PC group had been losing share and was on the brink of profitability. HP also announced the acquisition of Autonomy, an enterprise search company.

WordPress powers 15% of the world’s most trafficked sites, up from 9% last year and 22% of new domains are running on WordPress.

StumbleUpon delivers 50% of social media referral traffic according to StatCounter.

Amazon announced 100,000 videos are available for streaming, more than 3 times Netflix’s size according to IHS. Also, a study released by Comscore found that Amazon receives 20% of all worldwide ecommerce shoppers. eBay is second with 16% and Alibaba third at 11.3%.

Twitter released a toolkit called Bootstrap for rapidly building web applications using a CSS abstraction layer called Less.

Chegg announced the roll out of an ebook platform to compete with Kno and Inkling. The company has partnered with McGraw-Hill, Oxford, Macmillan and other publishing houses.

WebEx released an SMB focused product dropping the price from $50 to $19 for up to 8 people per meeting.

Kontagent, a gaming analytics company, announced it is tracking 150M users and 25% of all dollars spent in games.


Apple has deprecated access to the mobile phone’s unique identifier, or UDID, requiring app developers to create application-scope unique identifiers. This UDID change implies ad networks will have a harder time tracking users across applications.

70% of subscription plan phones sold in the US run Android, according to Chetan Sharma Consulting. Smart phones accounted for 50% of new devices and 80% of revenues. AT&T powers 43% of connected devices, including 3G and 4G cards, making it the market share leader in the US.  Average monthly mobile data consumption reached 675MB.

According to a Nielsen study, the top 10 Android apps account for 43% of the time spent on devices and users spend twice as much time in apps as the web, roughly 40 minutes.

Google launched a mobile application that powers mobile catalogs for 50 of the top internet retailers including Crate and Barrel, Williams-Sonoma, Sephora and Ralph Lauren.

DoubleTwist, an Android music and media syncing service, announced 1M DAU with 84% in the US.


Salesforce announced $546M (+40%) in revenue and net income of -$4.3M down from $-15M this quarter last year. Customers grew by 6300 to 104,000.


Technology M&A totaled $26B in Q2, flat from Q1 according to PwC.

Tudou raised $174M in its IPO and trade at a 58% discount to its competitor, YouKu, due to legal challenges involving the company’s founder.


Company Description Amount in $M Investors
Easel offers a suite of iPad
apps that provide hands-on interactive workbooks for students.
0.8 Betaworks; SV Angel; Learn
Capital Venture Partners; Lerer Ventures; BOLDstart Ventures
Avenue Inc.
Empire Avenue Inc. develops and
provides an online influence stock exchange combined with an advertising
platform that allows individuals and organizations to convert their online
influence into revenue.
1.2 CrossLink Capital, Inc.; iNovia
Capital; TriplePoint Ventures
peerTransfer Corporation offers
international payments for education fees.
7.5 Accel Management Co, Inc.;
Maveron LLC; Spark Capital; Boston Seed Capital
Brighter Brighter.com operates a dental
site that allows patients to compare dentists by price and reputation.
8.0 Benchmark Capital; Mayfield Fund
RelayRides RelayRides operates as a
peer-to-peer car sharing and rental company.
10.0 August Capital; Shasta Ventures;
Google Ventures
Birchbox, Inc. retails beauty
products through subscription service for samples.
10.5 Accel Management Co, Inc.; First
Round Capital; Stanford University, Endowment Arm; Harrison Metal Capital;
Lerer Ventures; Consigliere; Forerunner Ventures
GoodData Corporation provides a
business intelligence platform-as-a-service that enables companies to
collaborate around the data.
15.0 General Catalyst Partners;
Windcrest Partners; Andreessen Horowitz; Fidelity Growth Partners Europe
Zoove Corp. provides a mobile
direct response marketing service
15.0 Highland Capital Partners;
WorldView Technology Partners, Inc.; Cardinal Venture Capital; Panorama
ZeRTO Ltd provides disaster
recovery for virtualized environments.
15.0 Battery Ventures; Greylock
Partners; U.S. Venture Partners
Centrify, Inc. provides
enterprise wide single sign on.
16.0 Index Ventures
Kabbage Inc. provides loans to
small and medium sized online sellers when they list products for sale.
17.0 Mohr Davidow Ventures; BlueRun
Ventures; UPS Strategic Enterprise Fund