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Market Analysis & Industry News

For the first time, paid TV services (1.5M) lost more subscribers than it gained (1.1M). Similarly, time spent watching TV fell by 0.5%. DVR usage increased 12%. Video game consoles reached 45% penetration of US homes and time spent on these consoles has increased by 30% y/y. link

37% of teens use video chats and 13% stream video live to the internet. These behaviors are primarily driven through social media, according to Pew Research. link

The iPhone generates 54% of mobile gaming revenues and the iPad with 30%, leaving Android with 16% share. link Similarly, Apple earns 73% of mobile profits with only 9% unit share. link According to ad network Chititka, the iPad represents 95% of tablet web traffic despite claiming only 68% of sales. link

Yahoo retracted Scott Thompson’s computer science credential after an activist investor researched the CEO’s academic history and discovered the discrepancy. link

Android will generate about $98M in Q1 revenues according to disclosures made by Google in the Google/Oracle suit. This compares to $1.9B in revenue for the iTunes store in gross revenue including movies, music and apps. link & link

Wired released data on the success of digital news subscription from various sources: link

  • 33 to 45% of consumers who pay for subscriptions never hit a pay wall.
  • 30% of digital only subscribers have been upsold to Sunday physical delivery for the NYT and LATimes.
  • 70% of the Economist’s digital subscribers are new customers. There is very little overlap between digital and physical customers.
  • Page views fall 10 to 15% with a paywall, but uniques remain constant.

Product Releases

Google announced BigQuery, a PaaS big data service, that allows customers to query and manipulate the data using an SQL-like language. The service is priced at $0.035 per GB processed, after the first 100GB which are free. link

Microsoft is planning to sell the Microsoft XBox and Connect for $99 provided a consumer signs up for 2 years of XBox Live service for $15 per month, much like a cell phone is sold. XBox demand has fallen 16% y/y for Q4. link

Samsung announced the Galaxy III, the next iteration of its flagship device. The company has sold 10M units in 10 months of its very successful Galaxy II. link

Company Announcements

Rovio announced Angry Birds Space has been downloaded 50M times in 35 days. Total downloads for the franchise have exceeded more than 900M. link

Edmodo announced it serves 7M users across 80,000 schools. The company enables teachers to share content with students in K-12. link

LinkedIn reports Q1 revenue of $189M (+101% y/y) and net income increased to $5M. Hiring solutions’ revenue, the subscription service for recruiters, is now 54% of revenue, up from 49% last year. LinkedIn’s membership increased to 161M users (+11% y/y). link

BrightCove revenue increased to $19.9M (+53%) with a net loss of $4.3M. The company is trading at a $500M market cap. link

Talent

Tristan Walker, former head of BD at FourSquare, has become an EIR at Andreesssen Horowitz. link

Liquidity

Facebook’s IPO will price at $27 to $35, or $70 to $90B. link

The Washington Post acquired the Digg team for an undisclosed sum.  The assets of the company haven’t yet been sold. link

LinkedIn has acquired SlideShare for $119M. The company had raised $3M. link The Discovery Channel has acquired Revision3, the internet video maker, for an undisclosed amount. link

IBM acquired Tealeaf, a customer purchasing analytics platform, for an undisclosed amount. link

Gree acquired game-maker Funzio for $200M. link

Financings

Microsoft invested $300M in Barnes and Noble to produce eBooks for the Windows Mobile platform. link

Company Description Investment Investors
Brit Media, Inc. Brit Media, Inc. owns and operates websites that provides tips about lifestyle and living. 1.25 Index Ventures; General Catalyst Partners; Daily Mail and General Trust plc (LSE:DMGT); The Founders Fund
Vungle, Inc. Vungle promotes mobile applications with promotional videos. 2.0 CrossLink Capital, Inc.; SoftTech VC; Google Ventures; AOL Ventures; SV Angel; 500 Startups
Engrade, Inc. Engrade, Inc. operates a Web based classroom tools that connects school administrators, teachers, students, and parents. 3.0 NewSchools Venture Fund, Investment Arm; Rethink Autism, Inc.
Signpost, Inc. Signpost, Inc. provides a platform to post, rate, and discover deals on shopping, health and beauty, fitness and outdoors, food and dining, nightlife, entertainment, and travel. 3.75 Spark Capital
Certeon Inc. Certeon Inc. provides virtual appliance, wide area network (WAN) optimization, and application acceleration solutions. 4.0 Globespan Capital Partners; RRE Ventures LLC; Sigma Partners
TenthBit Inc. TenthBit Inc. develops iPhone application for couples. 4.2 Betaworks; Founder Collective; SV Angel; Lerer Ventures; Tencent Holdings Ltd., Investment Arm; CrunchFund
Simulmedia, Inc. Simulmedia, Inc., a television advertising company, provides a digital advertisement targeting platform for linear television. 6.0 Time Warner Investments; Avalon Ventures; Union Square Ventures
Appthority, Inc. Appthority develops mobile application security systems for enterprises. 6.25 U.S. Venture Partners; Venrock
Visage Mobile, Inc. Visage Mobile, Inc. provides management solutions for enterprises seeking to gain visibility and control over its smart phones. 8.0 WorldView Technology Partners, Inc.; Motorola Solutions, Inc. (NYSE:MSI); QUALCOMM Ventures; Palisades Ventures Management
Zimbio, Inc. Zimbio, Inc. provides an interactive magazine. 8.9 Draper Fisher Jurvetson; Menlo Ventures; Comerica Bank; Great Oaks Venture Capital LLC
La Fourchette SA La Fourchette SA operates TheFork.com, a restaurants reservation platform that provides access to a selection of restaurants, special offers, and a restaurant reservation service to find and reserve table online. 10.59 Partech International; Serena Capital
Care Zone Inc. Care Zone operates a collaboration service for caregivers. 13.0 New Enterprise Associates; Catamount Ventures Management LLC
Fiverr International Limited Fiverr International Limited owns and operates a Web portal, Fiverr.com, wherein any service or product can be bought and sold. 15.0 Accel Management Co, Inc.; Bessemer Venture Partners
SEOmoz, Inc. SEOmoz, Inc. develops search engine optimization (SEO) software solutions. 18.0 Ignition Partners; Foundry Group
Nirvanix, Inc. Nirvanix, Inc. provides Internet storage solutions for media and entertainment markets. 25.0 Mission Ventures; Windward Ventures; Valhalla Partners; Intel Capital; Khosla Ventures
Birst, Inc. Birst, Inc. offers Birst Cloud, a Software as a Service (SaaS) business intelligence (BI) solution that includes components for data integration and ETL services, analytics, pixel perfect and ad hoc reports, scheduling, and delivery. 26.0 Hummer Winblad Venture Partners; Sequoia Capital; DAG Ventures, LLC
Just-Eat Limited Just-Eat Limited operates Internet sites for online ordering for customers and restaurant owners for takeaway ordering in Argentina, Belgium, Brazil, Canada, Denmark, India, Ireland, Italy, the Netherlands, Norway, Spain, Sweden, Switzerland, and the United Kingdom. 64.04 Greylock Partners; Redpoint Ventures; Index Ventures; Vitruvian Partners LLP
Evernote Corporation Evernote Corporation provides applications that allow individuals to save their ideas, projects, and experiences on computers or phones they use 70.0 MeriTech Capital Partners; T. Rowe Price Group, Inc. (NasdaqGS:TROW); Allen & Company Inc., Investment Arm; CBC Capital; Harbor Pacific Capital LLC
Avito.ru Avito.ru operates as an online advertising website. The company provides advertisement services through classifieds. The company was founded in 2007 and is based in Moscow, Russian Federation. 75.0 Accel Management Co, Inc.; Baring Vostok Capital Partners Limited; Northzone Ventures; Investment AB Kinnevik (OM:KINV B)
Castlight Health, Inc. Castlight Health, Inc. offers companies a hosted software tool that provides employees with personalized views of their medical benefits and the costs associated with medical procedures. 100.0 T. Rowe Price Group, Inc. (NasdaqGS:TROW); Redmile Group, LLC
William Morris Endeavor Entertainment, LLC William Morris Endeavor Entertainment, LLC operates as a talent and literary agency in the United States and the United Kingdom. Silver Lake Partners
Decolar.com Ltda Decolar.com Ltda owns and operates a portal through which it provides travel services. Decolar.com Ltda is based in São Paulo, Brazil. General Atlantic LLC
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