Market Analysis & Industry News

Forrester estimated the number of 7 inch tablets sold. By its estimates, the Kindle Fire has sold 7M units, the Nook 5M units and Google’s Nexus 7 3M units, compared to 84M 10inch iPads. link

Product Releases

Microsoft launched its tablet, the Surface, on Tuesday. It retails for $499 with 32GB of storage. The product quickly sold out of stores. link

Boxee announced BoxeeTV, a $99 over the air TV and cloud DVR. link

Circa, a new editorially curated news application created by Matt Galligan and Ben Huh, launched last week to great acclaim. link

Uber launched Taxi in San Francisco for hailing taxis using a mobile phone. The company shut down a similar product in New York after 6 weeks due to difficulties with the Taxi and Limousine Commission. link link

Path released a new version of the application that allows users to import social feed data from Facebook, Instagram and Foursquare. link

PayPal is launching Bill Me Later, a financing option for purchases of $99 or more, to small and medium online businesses with an APR of 20%. link

Amazon launched two kids focussed sites, Bookworm and Afterschool, which will sell books and sporting goods respectively. Quidsi, the parent company of Diapers.com and Soap.com, which was acquired by Amazon, will operate these sites. link Separately, Whispercast, a new product from Amazon, allows schools to purchase books and manage their deployment to Amazon devices, a big move in the etextbook market. link

Company Announcements

Google missed earnings expectations. The company reported mobile CPCs are 50% less than web CPCs and that CPCs had fallen by 15% y/y. link Google will offer carrier billing to Verizon subscribers, matching similar deals with ATT and TMobile. link Google announced the company is an $8B mobile run rate comprising revenue from apps, ads and content up from $2.5B last year. link

LinkedIn records about 2B people searches per month and is growing its profiles by 175k per day. link

MyFitnessPal announced 30M users adding 1.5M each month. MyFitnessPal is a free fitness tracking application. link

ooVoo, the social video chat application, is adding 1M users every 14 days. link

Newsweek has gone all digital. The magazine will no longer print paper copies in 2013. link

Nokia reported 28% reductions in devices sold in Q3 and a $745M loss. link

Microsoft will offer students Office 365 for $79 for four years, a pricing model to compete with Google’s free applications. link

Yahoo will close its operations in Korea to cut costs. link

Shopkick redesigned its application. The company reports 4M users, 10M check ins and 20M store interactions all time. link

Rakuten announced that of its $5B in annual revenue, 25% is mobile. Of the $1.3B in mobile revenue, 60% is from smart phones and 40% from feature phones. Mobile revenues are growing at 300 to 400% annually. link

SiteScout, the SMB demand side platform, announced 5000 customers and $20M in gross revenue. link


Henrique de Castro has joined Yahoo as COO. His compensation package may reach $58M. link


Gilt is selling its troubled travel property Jetsetter for about $50M. link

Telenav has acquired mobile ad network ThinkNear for $23M. link


VCs invested 32% less in Q3 2012 than last year. Startups raised $6.9B according to VentureSource. link


Company Description Investment Investors
Saltel Industries SAS Saltel Industries SAS engages in research, development, and manufacturing high pressure and high temperature inflatable packers. The company also offers expandable steel patches. Its products are used in various applications, including damaged or corroded casing repair, isolation of unwanted perforations, water or gas shut off, open hole zonal isolation, shutting-off total losses zones while drilling. The company’s products are also used in formation evaluation applications compatible for water and hydrocarbon base mud systems. Saltel Industries SAS was founded in 2004 and is based in Bruz, France. It has locations in Alberta, Canada; Rennes, France; and Midland, Texas. 1.3 Sodero Gestion
Streak Streak provides CRM tools on top of Gmail. 1.9 Battery Ventures; FLOODGATE; CrunchFund
Handybook, Inc. Handybook, Inc. provides cleaning, handyman, and general labor services for households. 2.0 Highland Capital Partners; General Catalyst Partners
People Per Hour Limited People Per Hour Limited, doing business as PeoplePerHour, operates an online marketplace for connecting businesses with a community of independent and self-employed service freelancers 3.23 Index Ventures
Cloud Tiger Media, Inc. Cloud Tiger Media, Inc. owns and operates an online social media platform which allows its users to search and discuss viral content on social topics and news. 4.0 New Enterprise Associates
TopFloor, Inc. TopFloor operates a high end ecommerce site. 6.0 CrossLink Capital, Inc.; Polaris Venture Partners, Inc.; Rustic Canyon Partners; Google Ventures; Science Media
Prism Skylabs, Inc. Prism Skylabs offers analytics tools to retailers to improve in store sales. 7.5 Anthem Venture Partners; IDG Ventures; Pacific Partners; Triangle Peak Partners. Inc.; Andreessen Horowitz; Data Collective
GrabCAD OÜ GrabCAD OÜ operates as an open source CAD library and engineering community that enables to download and share CAD models. 8.15 Atlas Venture L.P.; Charles River Ventures; Matrix Partners; NextView Ventures
ScaleBase, Inc. ScaleBase, Inc., a database scalability company, provides a virtual database consolidation layer that enables instant scaling from organizations’ application and database infrastructure. 10.5 Ascent Venture Partners; Cedar Fund; Bain Capital Ventures
Mail Bypass, Inc. Mail Bypass, Inc., doing business as Message Bus, operates as an infrastructure applications company offering a suite of messaging utilities beginning with email. 11.0 North Bridge Venture Partners; Ignition Partners; True Ventures
textPlus textPlus offers free texting plans for users on mobile phones. 18.0 GRP Partners; Kleiner, Perkins, Caufield & Byers; Matrix Partners; The Raine Group LLC, Investment arm
BloomReach, Inc. BloomReach, Inc. provides a cloud marketing platform for online businesses. 25.0 New Enterprise Associates; Lightspeed Venture Partners; Bain Capital Ventures
Netbiscuits GmbH Netbiscuits GmbH operates B2B Web software platform for the creation, operation, and monetization of mobile Websites. 27.0 T-Venture Holding GmbH; CREATHOR VENTURE Management GmbH; Stripes Group
Braintree Payment Solutions, LLC Braintree Payment Solutions, LLC provides credit card payment processing solutions for businesses in the United States and internationally. 35.0 Accel Management Co, Inc.; New Enterprise Associates; RRE Ventures LLC; Greycroft Partners LLC