Market Analysis & Industry News

The DoJ has filed an antitrust suit against Apple and most eBook publishers for price-fixing. At issue is the term in iTunes’ terms and conditions that require all eBooks sold through Apple to be sold elsewhere at the same price. Most publishers have settled with the DoJ for undisclosed terms. link

GroupM has predicted Twitter’s self-serve advertising product could generate $300M to $400M in addition to the $250M in forecasted direct sales. link

Nearly 32 % of U.S. households are now served exclusively by cellphones, double the percentage from 2008. 

Adobe/Efficient Frontier released a study that found SEM spend increased 16% y/y driven by an increase of paid clicks, rather than rising CPCs.  link

Video game sales fell 25% in March to $1.10 billion according to NPD, continuing the steady slide in sales of consoles and games at the hands of mobile gaming. link

Mobile advertising revenue rose to $1.6 billion in 2011, up 150% y/y.  link

Mobile demand side platform (DSP) Fiksu released a study indicating  composite device fingerprint and the open UDID are the most likely standards to replace Apple’s proprietary UDID.

Product Releases

Amazon Web Services launched CloudSearch, a white label search component that uses Amazon.com’s search technology. The offering will compete directly with Google Customized Search Engine. link

YouTube has added pay-per-view functionality to its live streaming product as the company moves further toward becoming a long form content hub and store. link

Adobe has integrated Docusign’s technology into Adobe Reader, which it acquired earlier this year. Users can now sign documents electronically for free.  link

Nokia’s new phone, the Lumia 900, has become Amazon’s best-selling phone. The Lumia runs Windows Mobile. link AT&T will spend more to promote the Lumia than the iPhone, an indication of the worry that carriers face with the iPhone’s sales dominance. link Nokia announced that smart phone sales have fallen 52% y/y and overall phone sales have fallen 29%, leading the company to report a $1.8B loss for the year. link

Amazon has released its In App Purchase functionality for mobile developers releasing content for the Fire. Unlike other stores who charge a flat revenue share on prices set by the developer, Amazon’ store retains the right to change the price of the application and pay the developer 70% of the purchase by the consumer, net Amazon discounts. In an about-face, Amazon has promised developers will always receive a 70% revenue of the list price for in app purchases, no matter Amazon’s applied discounts.  link

Company Announcements

Yahoo has reorganized into three groups: Consumer, Regions and Technology. Consumer includes Media, Connections aka Social, and Commerce. Regions is the direct sales organization.  And Technology comprises engineering/infrastructure teams. link

Microsoft’s XBox 360 console revenues fell by 48% q/q and Kinect sales fell 33%. The only area of growth for the entertainment division was XBox Live revenue. link

Foursquare confirms 20M users and 2 billion check-ins. link

BranchOut announced 25M users. link

Kickstarter raised $119 million and generated $6 million in commission in 2011, its third year of operation. link

GoodReads, the social network for book lovers, announced 20M MAU. link

Spotify confirmed the company has lost $96M in its 2 years of operations. Additionally, profitability doesn’t seem achievable in the near future – likely a result of the music licensing terms imposed by the music labels. link


Ben Ling has left Google to join Badoo, a social dating site, as COO. link

Separately, Phil Mui, head PM for Google Analytics was named chief product manager at Acxiom. link


Facebook Targets May 17th For IPO Date|Facebook Targets May 17th For IPO Date | TechCrunch link

Enterprise data software company Splunk ended its first day on the stock market with an amazing 108.7 percent bump in price from its $17-per-share IPO.|Splunk ends incredible IPO day with 109% jump in share price | VentureBeat link


Investment in venture-backed companies fell 18% y/y in Q1. Deals pace fell 9%, according to VentureSource. During Q1, 717 companies raised $6.28B link. A separate report by PwC and approved by the NVCA indicated VCs invested $5.8B in 758 deals, down 19% y/y while deal volume fell 15%.  link

Company Description Investment Investors
theComplete.me theComplete.me, Inc. develops and operates an online dating website. 1.22 Intel Capital; Plentyoffish Media Inc.; CrunchFund
Alt12 Apps, LLC Alt12 Apps, LLC develops mobile phone applications for women. 1.26 InterWest Partners; Felicis Ventures LLC
Exchange Solutions Ltd. Exchange Solutions Ltd. Offers peer to peer currency transfer services. 1.3 Index Ventures; Business Accelerator Ltd.; IA Ventures; Kima Ventures; Seedcamp
Titan Gaming, Inc. Titan Gaming, Inc. provides an online gaming tournament for casual gamers at various Websites and Facebook. 1.5 Pacific Capital Group Inc.; Expara IDM Ventures; Siemer Ventures; TomorrowVentures, LLC
CircleUp, Inc. CircleUp, Inc. provides group communications and payments software and services that enable interactions across various social, email, mobile, messaging, and private Web networks. 1.5 Maveron LLC
Threadflip, Inc. Threadflip, Inc. operates an online community marketplace for buying and selling apparel and accessories. 1.6 Greylock Partners; First Round Capital; Baseline Ventures; Andreessen Horowitz; Forerunner Ventures
Duetto Research Duetto Research performs big data analysis atop travel corpora. 2.1 Battery Ventures; Benchmark Capital; Trinity Ventures; Quest Hospitality Ventures
Treehouse Island Inc. Treehouse Island Inc. owns and operates an online community to help subscribers learn web design, development, and iPhone operating system development. 4.75 Greylock Partners; The Social+Capital Partnership
Schoology, Inc. Schoology, Inc. provides a Web-based enterprise level learning management system and configurable social network that enables instructors and students to create, share, and manage academic material through a social networking interface. 6.0 FirstMark Capital, L.L.C.; Meakem Becker Venture Capital, LLC
mySupermarket, Ltd. mySupermarket, Ltd. owns and operates an online shopping site that allows users to compare prices and shop from the main online retailers in the United Kingdom. 10.0 Greylock Partners; Pitango Venture Capital; WPP plc (LSE:WPP)
Five9, Inc. Five9, Inc. provides cloud-based call center software solutions to inbound, outbound, and blended call centers for the sales, marketing, and support activities. 12.0 Adams Street Partners, LLC; Hummer Winblad Venture Partners; Partech International
CourseRank LLC CourseRank LLC helps students in managing and planning their academic careers. 16.0 Kleiner, Perkins, Caufield & Byers; New Enterprise Associates
BranchOut, Inc. BranchOut, Inc. develops and markets web based applications for career networking. The company was founded in 2008 and is based in San Francisco, California. 25.0 Accel Management Co, Inc.; Mayfield Fund; Norwest Venture Partners; Redpoint Ventures
TangoMe, Inc. TangoMe, Inc., doing business as Tango, provides mobile video calling service that connects people with family and friends in the United States and internationally. 40.0 Draper Fisher Jurvetson; QUALCOMM Ventures; Access Industries, Inc.
Skybox Imaging, Inc. Skybox Imaging, Inc. provides high resolution space-based imagery of earth. 70.0 Canaan Partners; Norwest Venture Partners
Quantenna Communications, Inc. Quantenna Communications, Inc. develops Full-11n semiconductor solutions for Wi-Fi networks. 79.0 Sequoia Capital; Sigma Partners; Venrock; Grazia Equity GmbH; Southern Cross Venture Partners; DAG Ventures, LLC; Rusnano Capital LLC; Bright Capital
Evernote Corporation Evernote Corporation provides applications that allow individuals to save their ideas, projects, and experiences on computers or phones they use 100.0 MeriTech Capital Partners
Wingu Inc Wingu Inc, a stealth mode company, intends to build an ententerprise-grade cloud platform that will enable research teams to collaborate more effectively. Borealis Ventures; Google Ventures
Fanatics, LLC Fanatics, LLC is a sports merchandise company that sells sports apparel, merchandise, and fan gear. Insight Venture Partners

5 thoughts on “Weekly Tech News for April 23, 2012

  1. Pingback: Weekly Tech News for April 23, 2012 « ex post facto – iPhones Sales

  2. I have enjoyed immensely reading your blog. As a writer I know you will understand if I am absent from making comments for a couple of months. I have two books I’m writing and the push is on to get them finished…so with only 24 hours in the day, I am going to continue to read and like, but my comments will be limited to replies for those who comment on my blog…thanks for the grace.

    Be encouraged!

Comments are closed.