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Market Analysis & Industry News

The New York Times reports the FTC will sue Google for antitrust breach because of alleged anticompetitive practices in search results and ad pricing. link

Forrester released a study indicating 70% of mobile phones and tablets used in the workplace are selected and purchased by employees, underscoring the size of the bring your own device (BYOD) wave. link

SideCar and Lyft, which allow anyone to drive a taxi cab for a suggested donation, have received cease and desist orders from the state government of California. link

Venture fundraising grew by more than 90% in Q3 y/y. Thirty-seven funds held closings, down from 46 in last year’s third period, but they raised $4.73 billion versus $2.45 billion a year ago, according to Dow Jones LP Source. link

Third quarter PC shipments have fallen fell by 8.3% in Q3 compared to Q3’11. link

Product Releases

Facebook is launching collections, a Pinterest type collection system, to all users. Users will be able to like, want or collect items. link

eBay launched a new design of its website, mimicking Pinterest’s UI. link

Polycom launched RealPresence CloudAxis which allows Polycom customers to use Polycom video conferencing systems with Skype, Google and Facebook video chats. link

Amazon launched its ad network to the public. The company announced the network reaches 180M users based on previous purchases. According to statements made by the company, Amazon will use ads to subsidize the price of goods. link

Jetsetter, the travel business of the Gilt Group, has launched a last-minute hotel booking mobile app to compete with Hotel Tonight. link

Zillow launched an apartment rental product targeted to brokers, powered by the recent acquisition of RentJuice, a rental syndication company. link

Deezer has launched in 160 countries and is offering a free service, identical in nature to Spotify. link

Groupon has released Breadcrumb, an iPad point of sale system which costs $99 per month for one iPad and $399 per month for 10 iPads, excluding hardware. GroupOn will also charge 1.8% and $0.15 per transaction. link

RockMelt has launched a socially enabled iPad browser and reading application. link

Payment company Stripe launched Stripe Connect which allows websites to enable payment on behalf of their users. link

Company Announcements

Facebook has changed its developer terms of service to require wall posts with sanctioned verbs listen, read, watch, like or follow. Feed items may no longer be passively triggered. Users must act using one of aforementioned verbs. Lastly, Facebook will be prioritizing posts with images or other rich media. link

oDesk reports its contractors worked over 8.5 million hours, a 70% increase over a year earlier link

Wal-Mart is offering same day deliveries in 10 cities, as the delivery battle with Amazon increases in intensity. link

U.S. Postal Service to test same-day delivery service called Metro Post which will deliver up to 200 packages per day for 10 ecommerce merchants with greater than 10 physical locations nationwide. link

SoundCloud, a music upload service with 20M users, has announced a partnership with Getty Images to license user uploaded tracks for commercial use. link

Zipcar, the car sharing service with 730,000 members, announced 300 universities in the North America offer ZipCar car sharing services. link

Supercell, a mobile gaming company, says its two games, Hay Day and Clash of Clans, are grossing over $500,000 a day. link

Google has launched a credit facility for AdWords advertisers in the UK. This move follows Amazon’s credit launch for merchants two weeks ago and marks a trend of tech companies with large cash amounts on balance sheets looking for ways to drive incremental income. link

mFoundry has partnered with Dwolla to enable its 800 banking customers to integrate Dwolla into mFoundry-powered mobile applicatinos. link

NTT DoCoMo, Japan’s largest mobile operator, and Mastercard announced a partnership that will soon allow users of DoCoMo’s iD mobile payment system to take advantage of MasterCard’s PayPass solution outside of Japan. link

Frank & Oak, an online retailer of men’s clothing, announced the company is on track to generate $6M in 2012. link

Spotify has signed a partnership to embed its streaming music service on Samsung TVs. link

German peer-to-peer taxi app startup myTaxi, which operates in 30 European cities, has announced expansion into the US starting with Washington DC. link

Talent

Reed Hastings, CEO of Netflix, is stepping down from the Microsoft board. link

Liquidity

Game acquisitions reached an all-time high in the first three quarters of the year reached $4.8B according to Digitimes, the largest ever, driven by acquisitions from Dena, Gree and other Asian companies who are spent 1.5B on MMOs. link

Workday’s IPO soared on opening day, closing up 74% to $48.69, worth about $7.7B in market cap. link

Providence Equity Partners sold its stake in Hulu for $200M back to the JV. The PE firm doubled their investment. link

Twitter has acquired video clip service Vine. link

OnLive was sold for $4.8M according to the Mercury News in a fire sale. link

ExactTarget Buys Pardot For $95.5M And iGoDigital For $21M link

Financings

Company Description Investment Investors
Shutl Limited Shutl Limited provides courier delivery solutions for retailers. 3.2 e.ventures; Notion Capital Partners LLP
Sharethrough, Inc. Sharethrough, Inc. operates as a social video advertising platform and distribution network company. 5.0 North Bridge Venture Partners; FLOODGATE
Frank & Oak Inc. Frank & Oak Inc. distributes personalized men’s apparel online. The company is based in Montreal, Canada. 5.0 Rho Capital Partners, Inc.; Bertelsmann Digital Media Investments; Lightbank LLC; Real Ventures
Skyfire Labs, Inc. Skyfire Labs, Inc. develops and creates a compression-as-a-service based mobile video optimization browser/platform for wireless carriers and device makers. 10.0 Matrix Partners; Trinity Ventures; Lightspeed Venture Partners; Panorama Capital; Verizon Ventures
Pontis, Inc. Pontis, Inc. provides contextual marketing and selling solutions for mobile and TV service operators. 10.0 Accel Management Co, Inc.; Evergreen Venture Partners; Norwest Venture Partners; QUALCOMM Ventures; Sequoia Capital Israel
Side.Cr, LLC Side.Cr, LLC operates a community-based, real-time ridesharing marketplace in California. 10.0 Lightspeed Venture Partners; Google Ventures
Pearl.com LLC Pearl.com LLC operates a Website for connecting people with verified professionals to help answer questions and solve problems 25.7 Glynn Capital Management; CrossLink Capital, Inc.
Borro Limited Borro Ltd. offers online pawn broking services in the United Kingdom and the United States. 26.0 Canaan Partners; Eden Ventures (UK) Ltd.; Augmentum Capital LLP; Rockridge Investments; Ribbit Capital
HouseTrip SA HouseTrip SA operates a holiday rental booking Website. 40.0 Accel Management Co, Inc.; Index Ventures; Balderton Capital
Flurish Inc. Flurish Inc., doing business as LendUp, provides online payday loans. Kleiner, Perkins, Caufield & Byers; Thomvest Ventures, Inc.; Y Combinator; Founder’s Co-op; Google Ventures; Andreessen Horowitz; SV Angel; Kapor Capital; Data Collective; Bronze Investments
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