Market Analysis & Industry News

67% of time spent on tablets is gaming, compared to 39% on phones according to a study by Flurry. link

Android reached 75% global market share of smartphones according to a report by IDC. Samsung shipped 136M Android phones in Q3, for 75% market share. Total smartphone shipment volumes increased by 46%. link

Product Releases

Google launched a new iOS search application with functionality to rival Siri. link Google’s Chrome Remote Desktop screen sharing service is now broadly available. The tool works in the Chrome browser and competes with services like TeamViewer. link

Amazon has launched a mobile photo sharing and storage application for Android devices. The product will compete with Google Drive and Dropbox. link

iZettle, Square’s European competitor, has launched in Germany with Deutsche Telekom. iZettle accepts pin and chip cards. link

BMC has released MyIT, a remote help desk application which allows monitors remote device usage and streamline help desk support. link

Nokia has launched the Nokia ad exchange, powered with Inneractive, that enables developers to show ads on Ovi apps. link

Company Announcements

Yelp announced 45% of searches are mobile and originate from 8M mobile app users. link Yelp announced $36M (+63% y/y) in revenue and a $2M loss including a $50M acquisition of Qype. link

LinkedIn reported revenues of $252M (+82% y/y) and net income of $25M. 189M members use the site. link

Gmail announced 425M MAU and has become the world’s largest email service by users beating Hotmail. link

Twilio has signed a distribution deal with KDDI, the 2nd largest cell phon carrier in Japan. link

Electronic Arts digital revenue grew 40% y/y to $324M, despite a 60% drop in MAU on Facebook. Mobile revenue grew 60% y/y. link

Fab announces 9M members, 10,000 products in its catalog and an additional financing round of $15M. link

Asus announced they are selling about 1M Nexus 7 devices per month. link

The Fancy reports 2 million users and $200k in weekly sales. link

Pandora announced 175M users. link

Google signed a partnership to sell Warner Music in its Play store. link

PayPal fired 325 staff as part of a restructuring link

Mendeley, the social network for researchers, announced 2M users. link

Samsung sold 3M of the Galaxy Note II in 3 days. link

Apple has lost a trademark case in Mexico. A call service in Mexico called iFone won an injunction preventing the sale of iPhones in Mexico. link

Twitter will add photo filters to its mobile application in a bid to compete with Instagram. link


Scott Forstall, the head of iOS software, is leaving Apple. link

Chris Anderson is leaving Wired to become CEO at 3D Robotics. link

Bill Trenchard has joined First Round Captial as a partner. link


Disney acquired Lucasfilm for $4B. link

Penguin and Random House have proposed a merger of the two publishing houses. link

EMC has acquired Silver Tail Systems for an undisclosed amount. Silver Tail makes real time threat detection software. link


COMPANY Description Investment Investors
Zapier, Inc. Zapier, Inc. develops a platform which helps to sync data between web applications. 1.2 Bessemer Venture Partners; Draper Fisher Jurvetson
8tracks Inc. 8tracks Inc. operates as a handcrafted Internet radio network. 1.2 Index Ventures; SoftTech VC; Andreessen Horowitz
The Resumator The Resumator operates an online recruiting platform for promoting jobs and reviewing resumes. 2.1 Birchmere Ventures; salesforce.com, inc (NYSE:CRM); Innovation Works; Rincon Venture Partners; ff Venture Capital
Helpshift, Inc. Helpshift, Inc. develops and offers in-application customer management software for mobile phones. 3.2 Nexus Venture Partners; True Ventures
LocBox Labs Inc. LocBox Labs Inc. provides online marketing services to customers in hospitality, health and beauty, and raceway center sectors 5.1 InterWest Partners LLC; Accel Partners Management LLP; Google Ventures; 500 Startups
isocket, inc. isocket, inc. operates a toolkit platform that helps publishers to power up direct sales. 8.0 Draper Fisher Jurvetson; Blumberg Capital; Accelerator Ventures; Federated Media Publishing, Inc.; SoftTech VC; Foundry Group; Triggit, Inc.; Medialets, Inc.; Trada, Inc.; Quest Venture Partners LLC; Costanoa Venture Capital; LinkSmart, Inc.
Dollar Shave Club, Inc. Dollar Shave Club, Inc. sells shaving razors and other grooming supplies in the United States 9.8 Kleiner, Perkins, Caufield & Byers; Venrock; Shasta Ventures; Felicis Ventures; Andreessen Horowitz; Forerunner Ventures
Appcelerator, Inc. Appcelerator, Inc. provides open source platform for building and managing Web, desktop, and mobile applications. 15.0 Mayfield Fund; Red Hat, Inc. (NYSE:RHT); TransLink Capital
Meteor Entertainment, Inc. Meteor Entertainment, Inc. publishes free-to-play video games. It publishes its games through its platform. 18.0 Benchmark Capital; FirstMark Capital, L.L.C.; Rustic Canyon Partners; Kongzhong Corp. (NasdaqGS:KONG)
Glassdoor, Inc. Glassdoor, Inc. operates as a free online jobs and career community. The company helps employees, job seekers, employers, and recruiters in finding and sharing information about the companies and jobs. 20.0 Battery Ventures; Benchmark Capital; Sutter Hill Ventures; DAG Ventures, LLC
Nasuni Corporation Nasuni Corporation provides storage as a service solutions around the globe. 20.0 North Bridge Venture Partners; Sigma Partners; Flybridge Capital Partners
Conductor, Inc. Conductor, Inc., a SaaS company, provides SEO measurement and optimization technology solutions for enterprise marketers. 20.0 Matrix Partners; FirstMark Capital, L.L.C.; Investor Growth Capital
Big Switch Networks Inc. Big Switch Networks Inc. provides solutions to transform networks into open software-defined networks. It transforms networks into open software-defined networks. 25.0 Goldman Sachs Group, Merchant Banking Division; Redpoint Ventures; Index Ventures; Khosla Ventures
MINDBODY, Inc. MINDBODY, Inc., a software company, provides business management software for personal service businesses in the health, wellness, and beauty industries in the United States and internationally. 35.0 Bessemer Venture Partners; Institutional Venture Partners; Catalyst Investors
55social 55social designs and develops platform that provides social media marketing solutions. 55social is based in Sao Paulo, Brazil. Redpoint e.Ventures