It’s been a big part of the Internet picture for well over a decade, but right now e-commerce is really hitting its stride, according to a new report out of CB Insights and the [email protected] Conference. M&A activity is surging and investment dollars are growing steadily.
Gilt Groupe, the designer flash sales website, is reportedly set to start prepping an IPO next year. But as more consumer and retail companies get savvy to the web and mobile worlds, should IPOs of companies like Gilt and Groupon really be considered tech industry stories?
There’s been a lot of media buzz in recent months about the lack of racial and gender diversity in the tech startup landscape. Now new data from the National Venture Capital Association indicates that the VC field is similarly homogenous: It’s very white and mostly male.
Google chairman Eric Schmidt says his company is not quashing competition in the web industry — and has pointed to the fact that search startups like Hipmunk are still receiving millions in venture capital funding as proof. But does this really mean there’s a level playing field?
Tech blog Betabeat has launched its first original web series, The Pitch, which documents the process of pitching a startup concept to venture capitalists. It’s a story with its own natural drama — funding and a cash prize are on the line.
If you’re like most people, you probably don’t know your neighbors all that well — if at all. That’s where a startup called Nextdoor wants to help. Nextdoor lets neighbors create private websites where they can exchange local information while getting to know each other better.
myGengo, a startup that provides customized language translation services, has taken raised $5.25 million in new funding. myGengo is unique because it’s priced competitively — less than half the average price of professional translation — but its translations are made completely by humans, with no machine translation.
Okta, a startup that makes identity and access management software for enterprises, has closed $16.5 million in new funding. Okta’s software enables multiple people within an enterprise to sign in to the company’s web-based applications, whether they’re in the cloud or behind a firewall.
For years, the world of venture capital was largely shrouded in a veil of secrecy. But in the past 18 months, AngelList has started to change that in a big way. The social network for VCs and startups has grown impressively since its February 2010 debut.
Venture capital investments continued to grow at a rapid clip during Q2 2011, with investments in Internet-specific companies rising to the highest quarterly level since 2001. But some industry experts are saying that the current level of VC activity may be unsustainable.