Facebook updated its sharing functionality to compete with Google Plus. Users can specify the target audience of a post as public, friends or custom groups. Facebook has become the 3rd largest video site behind Google’s YouTube and VEVO. Facebook and TicketMaster have partnered to launch a social ticket purchasing application. Last, Facebook has shuttered its Daily Deals product.

According to Pew, social networking has reached 65% penetration in the US. 43% of all Americans use social networking services daily, compared to 61% of those under 30.

EA’s Sims Social is growing rapidly on Facebook reaching 4.6M DAU in just seven days. The Sims represents EA’s most significant foray in casual gaming. Over its lifetime, the franchise has generated $3B and sold 140M copies in PC software form.

Google has closed all of Slide’s games and Max Levchin is leaving Google/Slide. Separately, Google announced it will pay $500M to the US Government to settle a pharmaceutical advertising lawsuit.

Yammer has released Yammer Connect, a single-sign on product for other web services, and parallel product to Facebook Connect. The company also has integrated with Salesforce’s Chatter so Chatter updates will be imported into the Yammer stream.


A Dutch court has banned the sale of Samsung Galaxy phone in Europe. Separately, Microsoft has filed to prevent the sale of all Motorola phones due to the violation of patents.

HTC will launch the first 2 Microsoft Mango Windows Phones, the new version of Windows Mobile, on September 1st.

Qik announced 10M mobile users of the streaming video product. Skype acquired the company in 2010.

Nielsen reported women own 61% of ebook readers and 47% of tablets, indicating a preference for typically less expensive ereaders.

Intuit announced a sales partnership with Verizon for its GoPayment reader, the mobile payment hardware that competes with Square.

Papaya Mobile, a Chinese Android gaming network, reported 25M users, 11M paid transactions to date with an ARPPU of $22.6 per month across all games with a 20% conversion to paid rate.


Pandora reported $67M (+28% q/q) in Q2 revenue and posted net income of -$1.8M.

Zillow announced $16M (+116% y/y) in Q2 revenue and a net loss of $0.8M.

IPOs Filed

Company 2010 Revenue Y/Y Growth 2010 Net Income Y/Y Growth IPO Size
BazaarVoice 64.5 40% -20 -150% 86
Angie’s List 59 53% -27 -5% 75
BrightCove 40.5 26% -17.5 660% 100
Eloqua 47.3 27% -1.5 -64% 100
Jive 46 53% -27.7 525% 100


Company Description Invested $M Investors
Moat Moat provides a service for ad creative optimization. 1.5 First Round Capital; The Founders Fund; Founder Collective; Vast Ventures Inc.; SV Angel; Lerer Ventures
6fusion USA Inc. 6fusion USA Inc. provides Utility Computing6, and infrastructure as a service. 7.0 Grotech Ventures; Intersouth Partners
CouchSurfing International Inc. CouchSurfing operates a website for apartment and room rental. 7.6 Benchmark Capital; Omidyar Network
MakerBot Industries, LLC. MakerBot Industries manufactures and markets 3D printers that are used to print various kinds and shapes of plastic objects. 10.0 RRE Ventures LLC; True Ventures; Bezos Expeditions, LLC; Foundry Group
Wanova, Inc. Wanova, Inc. provides distributed desktop virtualization solutions. 10.0 Greylock Partners; Carmel Ventures; Opus Capital
NextDocs Corporation NextDocs Corporation provides Microsoft Office SharePoint Server-based document, and quality and compliance management software to life sciences companies. 10.3 OpenView Venture Partners
Embrane, Inc. Embrane, Inc. designs and develops software solution for delivery and management of network services in data centers. 18.0 New Enterprise Associates; North Bridge Venture Partners; Lightspeed Venture Partners
Bleacher Report, Inc. Bleacher Report, Inc. operates as an open source sports network and community publishing site for amateur sports writers. 22.0 Oak Investment Partners; CrossLink Capital, Inc.; Hillsven LLC
Tumblr, Inc. Tumblr, Inc. operates a blogging platform to share and post text, photos, quotes, links, music, and videos. 100.0 Greylock Partners
Dealer.com, Incorporated Dealer.com Incorporated provides online marketing solutions for the automotive industry in North America. Accel Management Co, Inc.