The US government passed the America Invents Act which adopts a first-to-file policy for patent filings, replacing the first-to-invent policy that resulted in long research periods and high costs for the Patent and Trademark Office.

Yahoo fired CEO, Carol Bartz. She later resigned from the board after harshly criticizing Yahoo’s directors.

Twitter announced:

  • 100M active users, 55M of whom use the web and mobile. Mobile usage is growing at 40% q/q.
  • 40M of the 100M users never tweet.
  • 400M monthly visitors, implying that 25% of Twitter visitors tweet.

Evernote announced new growth metrics:

  • 1.2M new users try Evernote each month and 3% or 40,000 convert to paid users.
  • Of the 13.5M total users, 600,000 (4.5%) pay for premium features, setting the company at a $27M run-rate.

EA’s the Sims Social has surpassed Farmville with 36M MAU to become the 4th largest game by userbase on Facebook.

Tumblr reached 10B posts and 12B page views per month, 8 times larger than WordPress.

Amazon is rumored to pursue a Netflix for books service, or unlimited book access for a fixed price likely for older books. The current Kindle store has 950,000.

Facebook released an update called smart lists that automatically groups of friends into three lists: coworkers, schoolmates and friends within 50 miles.

Google’s Chrome browser has reached 22% market share, compared to IE with 42% and Firefox at 28%. 30M users have visited the Chrome Web Store and 12% have purchased a paid app.

Sonic, a California ISP, has partnered with DirecTV to offer an over-the-top local channels plan. Pricing is estimated to be between $5 to $15 per month in addition to monthly internet fees.

Microsoft has partnered with Jinni to provide movie and TV show recommendations to XBox users.

Adobe’s Flash Media Server 4.5 now supports iOS and Flash. The Media Server switches to http streaming for iOS devices.


Pew released a study that concluded 28% of Americans use mobile phones to get directions or recommendations based on location while 5% use checkin services.

Apple won a permanent ban on sales of the Galaxy Tab in Germany on the grounds of IP infringement.

Microsoft has licensed use of Android related patents to Acer and ViewSonic. HTC is rumored to pay Microsoft between $5 to $15 per device shipped.

Flurry released data on mobile freemium games concluding 25 to 34 year olds play 29% of minutes but spend 49% of dollars on in app purchases.


HP launched two public computing clouds into beta and will compete with Amazon in the IaaS sector.


GroupOn cancelled its roadshow. The company is facing a class-action lawsuit filed by GroupOn sales teams alleging failure to pay overtime.

Broadcom acquired NetLogic for $3.7B, about a 50% premium to market.


Company Description Invested Investors
FastCustomer, Inc. provides a
service for callers to skip menus when calling call centers.
0.75 500 Startups; Fortify Ventures
Media, Inc.
Echoecho Media, Inc. provides a
location based serviced.
0.75 Google Ventures; PROfounders
Lanyrd Ltd owns and operates a
portal which acts as a social conference directory.
1.4 Index Ventures; Y Combinator;
PROfounders Capital; SV Angel
Taptu Limited operates a search
engine for mobile phones, iPhones, and iPods. Its search engine enables users
to search road-trip albums, celebrities, powers, pets, instant entertainment,
friendly sites, videos, and applications.
3.5 DFJ Esprit LLP; Sofinnova
General Assembly is a startup
incubator based in New York.
4.25 Maveron LLC
Backupify, Inc. provides backup
services for cloud based data.
5.0 General Catalyst Partners;
Avalon Ventures; Lowercase Capital
BountyJobs Inc. operates as an
online marketplace for employers, headhunters, and job seekers.
5.0 Accel Management Co, Inc.;
Greylock Partners; RPM Ventures
Platfora, Inc. is building data
analysis tools and visualization tools based on Hadoop.
5.7 In-Q-Tel, Inc.; Andreessen
Inc. (NasdaqCM:BFLY)
Bluefly, Inc. operates as an
Internet retailer
6.5 Rho Capital Partners, Inc.;
Soros Fund Management LLC; Prentice Capital Management, LP
HookLogic, Inc. provides
eCommerce media solutions.
9.5 Bain Capital Ventures
RingCentral, Inc. provides cloud
computing based business phone systems catering to small businesses.
10.0 Scale Venture Partners; Cisco
Systems, Investment Arm
AlertEnterprise Inc. provides
access controls and security solutions.
19.0 Kleiner, Perkins, Caufield &
Byers; Opus Capital; Start-up Farms Investors Inc.
10gen, Inc. 10gen, Inc. provides commercial support for MongoDB database. 20.0 Sequoia Capital; Union Square Ventures; Flybridge Capital
Commerce, Inc.
IP Commerce, Inc. provides
single-integration software platform and development toolkits for commerce
20.7 Venrock; Meritage Private Equity
Funds; TTV Capital; Intel Capital; Vantiv, LLC; Iron Gate Capital, LLC
enLighted Inc. provides lighting
control systems for energy management applications in office buildings,
retail facilities, government buildings, universities and schools, and
Intel Capital
Guavus, Inc. designs and
develops decision making solutions for the telecommunications industry.
Intel Capital
Analytics, Inc.
Revolution Analytics, Inc.
provides commercial software and services that support users of the open
source R programming language.
Intel Capital
Shoes4you Shoes4you sells shoes through a
monthly online subscription. The company was founded in 2011 and is based in
Accel Management Co, Inc.;
Redpoint Ventures; Flybridge Capital Partners; IG Expansión