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Ahead Of Its IPO On The NYSE, Yelp Shows Growing Losses
TechCrunch - US - United States - 2012-02-06
It may now be obscured by all the hoopla surrounding Facebook's going public, but back in November the popular user-generated review site, Yelp, filed to go public and planned to raise $100 million ahead of its IPO (at an expected $1 to $2 billion valuation). On Friday, Yelp filed an amended S-1 that shows that the company plans to list on the New York Stock Exchange under the symbol "YELP."
Ahead Of Its IPO On The NYSE, Yelp Shows Growing Losses
TechCrunch - US - United States - 2012-02-06
It may now be obscured by all the hoopla surrounding Facebook's going public, but back in November the popular user-generated review site, Yelp, filed to go public and planned to raise $100 million ahead of its IPO (at an expected $1 to $2 billion valuation). On Friday, Yelp filed an amended S-1 that shows that the company plans to list on the New York Stock Exchange under the symbol "YELP."
Personalized eCommerce Is Already Here, You Just Don't Recognize It
TechCrunch - US - United States - 2012-02-06
Reading Leena Rao's recent article on Techcrunch about the personalization revolution, you get the sense that the tech world is waiting for a bus that isn't coming. Rao quotes well-known industry experts and luminaries describing what needs to happen for e-commerce to finally realize the promise of personalized shopping, a future where online retailers predict what you'll want to buy before you know yourself.
Ironically, Rao and her pundits are missing the zooming racecar that's speeding by them as they wait for the personalization bus to arrive. That racecar is Pinterest and the new breed of startups marking the beginning of what I call the "Curated Web."
White House Pushes Green Button To Liberate Your Energy Data
TechCrunch - US - United States - 2012-02-06
The future of easy home energy monitoring may be a little bit closer, thanks to a government initiative designed to allow consumers direct access to their energy consumption data.
The White House's new Green Button gives utilities a way to simplify and standardize sharing usage statistics with their customers via a one-click download. Two California providers, Pacific Gas & Electric and San Diego Gas & Electric, already launched the feature, adding what is literally a green button to their websites. Utility companies in other regions are expected to implement it within the next year. Customers can click the button to download their personal usage information in one place.
Keep It Simple, Stupid: The Enterprise Version
TechCrunch - US - United States - 2012-02-06
Back in 2009, my colleague MG Siegler wrote a brilliant piece titled 'Keep It Simple, Stupid,' which delved into how having a simple and easy to use product is a key formula for winning in the consumer tech space. A few days ago, Greylock Partner John Lilly echoed MG's thoughts, explaining that simplicity is quite simply very hard to beat. While this doctrine has been applied tonconsumer technology products like Dropbox, Gmail, Twitter and most famously, Apple; reinforcing simplicity in the product thought process is becoming an ever-present part of enterprise technology as well.
Apple Schooled Music Execs Then, Here Are The Lessons Online Video Should Learn Now
TechCrunch - US - United States - 2012-02-06
Apple's all-in-one physical flat-screen iTV is coming, make no mistake. And, when it does, it will represent Apple's attempt to reinvent the television experience in much the same way it did for music. But, while media execs were hopelessly naive in Apple's presence back then, they feel they are ready this time. They are determined not to let Apple rule the premium online video world like they did (and still do) for online music. The question is, do they have the will?
Bang!
TechCrunch - US - United States - 2012-02-06
The Artist parades its conceit at every turn of its familiar romance. We're doing this no sound thing for you because it's good for you. Things will work out fine. The dog needs no dialogue. The music tells you what to feel. It's already half over, and besides, it's already better than the last five movies you've seen.
Google Search + parades its conceit at every turn. It's free, so we can improve it any way we want. We're already reading everything you write in Gmail, so now we're blurring the metadata into one big data pool so we can better read your mind and sell the results back to marketers. It's OK because Facebook already does this. We'd add all the other networks if they would just let us have their data too. And besides, we're doing this.
Designing for Mobile: 7 Guidelines for Startups to Follow
TechCrunch - US - United States - 2012-02-06
As an investor, I've seen hundreds of mobile application pitches. And as a consumer, I've downloaded hundreds more ? some out of curiosity and others in the hope that I'll find something so useful and exciting that I'll make room for it on my iPhone's home screen.
From both perspectives, I am rarely excited by download numbers. What gets my attention is engagement: how frequently an application is used and how engaged users are. This ultimately is the barometer for an application's utility and/or strength of community. And if either of those two factors are strong: growth will certainly come. Just ask Instagram, Evernote, LogMeIn and others.
The Future of Peer Review
TechCrunch - US - United States - 2012-02-06
This guest post was written by Richard Price, founder and CEO of Academia.edu ? a site that serves as a platform for academics to share their research papers and to interact with each other.
Instant distribution
Many academics are excited about the future of instant distribution of research. Right now the time lag between finishing a paper, and the relevant worldwide research community seeing it, is between 6 months and 2 years. This is because during that time, the paper is being peer reviewed, and peer review takes an incredibly long time. 2 years is roughly how long it used to take to send a letter abroad 300 years ago.
How Facebook Really Stacks Up Against Pre-IPO Google
TechCrunch - US - United States - 2012-02-06
Now that Facebook is preparing the biggest tech IPO in history, it is possible to compare its financials and potential market value to Google's when it went public. At first glance, all of Facebook's numbers look bigger. Its pre-IPO revenues of $3.7 billion in 2011 are more than two and a half times larger than Google's 2003 revenues of $1.5 billion (Google's IPO was in 2004). Facebook's $1 billion in profits is ten times larger than Google's pre-IPO profits of $106 million. And its expected market cap of between $85 billion and $100 billion will dwarf Google's IPO market cap of $23 billion.
Facebook, no doubt, will be emphasizing these differences. But in many ways it is a false comparison. Facebook is going public after 8 years as a private company. Google went public much earlier in its development, after 5 full years. So, yes, Facebook at Year 8 is much bigger than Google was at Year 5 of its trajectory. A better way to see how the two companies stack up is to compare their revenues and profits at the same points in their histories.
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