RelayRides, which aims to help people rent out their personal vehicles, launched today and said it raised its first round of investment from Google Ventures and August Capital. It’s part of a trend in which companies are using the web to help people share “stuff.” Read More »
Startups
Facebook’s much-anticipated announcement of its Social Inbox and acquisition of Zenbe, a mail-related startup, has directed a lot of attention to startups dedicated to reshaping the email landscape. But former Xoopit CEO Bijan Marashi warns that that goal may be too lofty for a startup. Read More »
Formspring, a San Francisco-based social Q&A startup, has raised $10 million in fresh funding in a round led by Redpoint Ventures. Formspring.me is also part of a group of companies trying to capture a piece of a massive web trend: personal expression. Read More »
Gravity, a Los Angeles-based startup, says it’s developing an "interest graph" that will let it recommend content to users based on their preferences, but the initial offering from the company — a service called Twinterests, which pulls your interests from your Twitter feed — is unimpressive. Read More »
Path, a well-funded San Francisco-based startup co-founded by Shawn Fanning of Napster fame and Dave Morin, formerly of Facebook, today launched its app and private social network amidst blaze of glory. Unfortunately, it is a solution in search of a problem. Read More »
Some Google engineer gets paid $3.5 million to not leave, and finally people notice: Irrationality seems to be escalating in Silicon Valley, a place that, for some odd reason, is detached from the global economic reality. This is not going to be good for startups. Read More »
As we’ve seen in recent coverage of RockMelt, it has become commonplace in the Valley to shift focus away from founders and put it on the investors. But the investors are the wrong reasons to pay attention to a company and its technology. Read More »
PiCloud, a Sunnyvale, Calif.-based company that is developing a python-based platform as a service (PaaS) has raised $1.4 million in its first round of funding. Investors in PiCloud co-founded by Ken Elkabany (CEO) and Aaron Staley, include Greylock Ventures, Kleiner Perkins Caufield Byers and Andreessen Horowitz. Read More »
RockMelt, a Mountain View, Calif.-based start-up with backing from the likes of Marc Andreessen, has made a new socially-aware, media-consumption-centric browser that’s available in beta soon. The company says its browser is optimized for the modern web and focuses on making sharing easy. Read More »
There are few people in this world whom I admire as much as I admire Tim Westergren, founder of Pandora. It is not because he has the most successful company, or the largest or he is the richest. But mostly for his never say die attitude. Read More »
Mission Motors’ plans to manufacture a limited run of its Mission One high-performance electric motorcycle are being put on hold while the company works to build a powertrain supply business and raise additional funds. Read More »
In Silicon Valley, there’s an elite group of companies whose valuations defy gravity. These are companies with momentum, whether real or perceived: Zynga, Twitter, Facebook and Foursquare. Add Groupon, RadiumOne, Tumblr, Cloudera and RightScale to this list. Plus, they are all in the money. Read More »
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