Source: http://www.businessinsider.com/wireless-subscribers-in-the-united-states-2011-10


smartphone texting and emailing

CTIA released a new survey yesterday with some interesting data on wireless subscribers in the U.S. The survey covers January 2011 through June 2011.

Right now there are more than 327 million wireless subscriptions in the U.S. That’s about 20 million more subscriptions than there are people.

How is that possible?

The survey takes into account all wireless subscriptions, including tablets. Apparently, many people are carrying around more than one connected device.

Some other interesting stats from the survey:

  • The average local monthly wireless bill is $47.23.
  • 1.138 trillion text messages received.
  • 278.3 million active data-capable devices running. (That includes tablets, wireless hotspots, etc.)

Read more survey results from CTIA here >

 

 

 

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Source: http://www.businessinsider.com/chart-of-the-day-vc-exits-2011-6

The environment for early stage startup investing is very “challenging” right now because big exits are still rare, but Series A round valuations have grown larger and larger, according to Fred Wilson, one of the best known early stage investors in the world.

On his blog, Wilson highlights the chart below which comes from Mark Suster. It shows the number of exits over $100 million on an annual basis is relatively small. There are 1,000 early stage fundings annually, according to the NVCA, which means just 5%-10% are producing big exits.

“At at time when the average Series A round is now north of $20mm (based on very anecdotal evidence and not at all scientific), this poses challenges for the VC industry,” says Wilson.

Wilson simplifies the math to prove his point, but says assume a fund can get one company to exit at a $250 million valuation. If it invested in 20 companies at an average valuation of $20 million, then it has committed $400 million.

The one big exit isn’t going to provide enough of a return to cover the portfolio, which is how the VC business has traditionally worked.

So, either the VC model needs to evolve, or valuations need to come down.

Annual exits for VC-backed startups worth more than $100 million

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Source: http://techcrunch.com/2011/06/08/saas-field-service-software-servicemax-raises-14m-from-mayfield-salesforce-and-others/

Startup ServiceMax, a company that develops SaaS field service software, has raised $14 million in new funding led by Mayfield Fund with Trinity Ventures, Emergence Capital and Salesforce.com also
participating in the round. To date, the company has raised $26 million.

As field service software, ServiceMax essentially helps manage other company’s equipment at their sites. ServiceMax software automates workforce optimization, advanced scheduling and dispatch, parts logistics, inventory and depot repair, and installed base entitlements. ServiceMax is being used currently by 150 different customers including DuPont. And the company reports 380 percent year-over-year growth in first quarter 2011.

Built on top of Salesforce.com’s Force.com platform, ServiceMax has gained considerable support from Salesforce. The technology giant participated on both of ServiceMax’s funding rounds and the startup features an app on Salesforce Chatter’s app marketplace ChatterExchange.

ServiceMax also recently released an iPad app that gives service agents a mobile solution.

Information provided by CrunchBase


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Source: http://www.businessinsider.com/chart-of-the-day-startup-founders-age-repeat-founders-2011-5

Who is going to be a successful entrepreneur?

Prolific early stage investor Ron Conway’s firm SV Angel gathered responses from 300 founders to try to answer that question. It’s not an exact science, but it seems young co-founders doing their second startup tend to produce better results than older sole founders on their first company.

Or as Michael Arrington put it today, “Old people suck at startups.”

Why is it that younger people have a tendency to succeed? Conway speculated that older founders are more cautious and will take earlier, cheaper exits for security, whereas a younger founder will let their company brew for a while, gaining value.

chart of the day, myths about founders, may 2011

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Source: http://www.businessinsider.com/chart-of-the-day-startup-founders-age-repeat-founders-2011-5

Who is going to be a successful entrepreneur?

Prolific early stage investor Ron Conway’s firm SV Angel gathered responses from 300 founders to try to answer that question. It’s not an exact science, but it seems young co-founders doing their second startup tend to produce better results than older sole founders on their first company.

Or as Michael Arrington put it today, “Old people suck at startups.”

Why is it that younger people have a tendency to succeed? Conway speculated that older founders are more cautious and will take earlier, cheaper exits for security, whereas a younger founder will let their company brew for a while, gaining value.

chart of the day, myths about founders, may 2011

Follow the Chart Of The Day on Twitter: @chartoftheday

For the latest tech news, visit SAI: Silicon Alley Insider. Follow us on Twitter and Facebook.

Join the conversation about this story »

See Also:

, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Source: http://techcrunch.com/2011/04/10/kiip-is-an-entirely-new-mobile-ad-model-real-life-rewards-for-in-game-achievements/

Kiip, the seven month-old mobile ads startup, is finally coming out of stealth today and revealing an entirely new model for in-game advertising, one that offers users value instead of fighting an uphill battle for their attention.

Going beyond the banner and text ads used by industry leaders iAd and AdMob, the team behind Kiip has thought long and hard about the way people actually play games and has come to conclusion that the moments when players experience in-game achievements like upping a level, completing a challenge or accumulating a certain number of points are the most valuable in terms of providing the most user engagement.

Unlike Tap.me, Kiip doesn’t just show an ad when those moments are achieved. What it does instead is pretty interesting: Kiip has partnered up with big brands like Sephora, popchips, Homerun.com, Sony Dash, Vitamin Water, 1-800-Flowers, Dr. Pepper, GNC, Carl’s Jr and Hardee’s to offer players actual in-game rewards like a voucher for six bags of popchips, a lipstick sample or a complimentary smoothie when they complete gaming milestones.

“Achievements are the universal currency for accomplishment and every game in the world has achievments,” 19-year-old Kiip co-founder Brian Wong tells me, explaining what he calls the “Achievement Moment.” “The achievement itself isn’t the cool thing, it’s the moment. We realized that the moment was worth something. The natural evolution is to put something there that actually matches the achievement.”

Wong emphasizes that Kiip (pronounced Keep) isn’t a conventional ads network but a “Rewards Network”. Hmmm … It depends on what you consider an ad. Offering players custom-tailored rewards is basically lead generation. It’s an easy away for advertisers to associate their brand with a positive moment, almost diabolical in its simplicity; “Driving for customer acquisition when players are happy.”

As of midnight tonight the Kiip Rewards Network will be rolling out rewards in over 15 games, reaching 12 million monthly active users (Wong wouldn’t tell me which games they were involved with so if anyone sees a Kiip ad please let me know).  Brands will pay up when a user signs up for a reward, from 25 cents to $3 per cost per engagement.

The rewards themselves are actually targeted algorithmically based on the game demographics, for example if no girls play a game there will be no offers for lipstick. If someone ends up with something they don’t want they can always gift it.

Kiip is also complimentary to other mobile ad networks as it only provides rewards for achievements and doesn’t get into banner ads or the real estate business. Says Wong, “People have been too focused on real estate and pieces of the screen being part of the advertising equation, but they’ve completely overlooked the notion of moments, moments where you’re happy, moments when you engage. These moments are worth something.”

Co-founded by former Digg employees Wong, Courtney Guertin and Sequence’s Amadeus Demarzi, Kiip pocketed $4 million in Series A funding from Hummer Winblad and True Ventures just last week. Wong tells me the team has got a lot more up its sleeve, and as always, you’ll read about it first here.

Information provided by CrunchBase


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Let

Source: http://techcrunch.com/2011/04/07/lets-back-the-startup-kids-a-documentary-that-needs-to-be-seen/

Oh, how I wish I’d done this myself. The Startup Kids is a to-be-released documentary about young web entrepreneurs in the U.S…. and Europe. That’s actually what’s nice about it – for the first time we have (outside of our work here on TechCrunch Europe) some media which finds a common thread of entrepreneurs running between the two continents.

There’s a nice underlying theme here too. The recession has created many new startups often out of sheer necessity, and that’s exactly what these two Icelandic girls, Sesselja Vilhjalmsdottir and Vala Halldorsdottir did – they went out and got started. But although they got an EU grant to do the filming, they still need additional funding. So in order to help them we’re releasing the trailer exclusively on Techcrunch, watch it below. You can pledge your support by backing them on Kickstarter so they can finish the film – and we can get to see 70 interviews with leading entrepreneurs.


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Source: http://techcrunch.com/2011/03/29/angelpad-round-two/

Last August, we broke the news that a new startup incubator was about to launch that was run by seven ex-Googlers, AngelPad. By November, the initial class of eight startups were ready to launch. Today, barely four months later, class number two is ready to be unveiled. And this time there are thirteen of them. At this rate, to quote the best line in Jaws, they’re “gonna need a bigger boat”.

The fact that the class was whittled down to even thirteen is impressive, as the AngelPad team had several hundred applications to go through this time, co-founder Thomas Korte tells us. And while many in the initial class also featured fellow ex-Googlers, this group is more diversified (though the Google blood still runs deep with a number of them).

Below, find a brief description of the 13:

Shopobot

Shopobot is all about leveraging your social graph to make better purchasing decisions. Say you want to buy a camera, but want advice you know will be unbiased, the best way is to ask your friends. Shopobot allows you to easily find that information on their site, alongside a timeline of a product’s price on Amazon (these are much more volatile than you may think). They’re also focusing on creating useful widgets for other sites that get around the “banner blindness” issue which most shopping widgets lead to.

Astrid

Astrid makes mobile applications that allow you to easily share and collaborate on tasks. This is ideal for groups because everyone in the group can be assigned something to do, and make it known once it’s done. And unlike some other collaboration software, the interface is super simple. From a broader perspective, the idea is to inspire others to join you in doing certain things — ideas you get from reading a book or a blog post. They have a button to make this all easily shareable. The team already has 1.7 million downloads on Android and now they’re coming to iOS.

Hopscotch

Hopscotch is a service built around the idea of extending the current abilities of QR codes. Right now, you scan a code and you’re often just taken to a website about a product. These guys want to create a web browser for the real world, meaning that all physical objects can have elements that show up when scanned. If you scan a QR code on a concert poster, your social graph should know that you’re into that band, and maybe one of your friends would like to go to that show with you. While the core idea is based around QR codes right now (both existing ones and new ones that they’ll help others create), eventually the plan is to get into NFC or image recognition as those technologies mature.

Cloudbot

Cloudbot calls themselves the “cloud command line”. What that means is that their aim is to be one app (both mobile and web) that allows you to easily interact with many other apps and services. You might enter in “call XXXXX” and you’ll it will call the friend’s name you entered. Or you might enter “gram XXXXX” and it will show you the Instagram photos from that person. And it uses real world data. If you type “eat with XXXXX”, the app will look at your location and the location of the friend you entered and find a good place near both of you. Currently, they have 24 integration points with various apps/services and more are coming.

Kismet

Kismet is a mobile dating site focused on real identity and real photos. The founders note that most dating sites are a sea of faces, but most are false advertising. And many mobile dating experiences right now skew towards the sleazy side of things. Kismet aims to be a more natural dating app with women in particular in mind. They look at locations you actually go to and pictures you actually take on other social networks to provide a real profile for yourself (naturally tide into your real Facebook identity as well). The idea is that where you spend a lot of your time and what you do already says a lot about you, Kismet just surfaces it for potential dates to see.

Splash

Splash is a new social plug-in for mobile games (first for the iPhone, then for Android). It’s essentially a social platform that developers can have include in their gaming apps as an always one-touch-away overlay. When touched, it shows you your friends also playing games online and allows you to interact with them. You can also send gifts (virtual goods) this way, get notifications, and make announcements. On the developer side of things, there is a dashboard to help you keep track of all of the data flowing in. Unlike Apple’s Game Center and OpenFeint which focus on leaderboards, they focus on the social layer in realtime.

Crittercism

Crittercism provides a way for developers to monitor bugs and crashes in their mobile apps. If you read over reviews in the App Store, you’ll see that many are actually bug reports — Crittercism has a way to hopefully stop that from happening as they monitor issues in realtime and provide a simple way for a user to provide feedback through their own channel. The service gets baked into the app by the developer before launch and resides in a place that a user can access and share issues (either anonymously or with a Crittercism profile). And problems are automatically tracked and emailed back to developers. The platform is already up and running on five hit apps and while it seems like something that Apple or Google could eventually offer, Crittercism’s view is a cross-platform one that very easy for developers to work with.

Stickery

Stickery makes learning-based games for kids. But while that’s already a crowded market, their twist is that there games are actually data-driven. As in, after kids play the games, reports are sent back to parents to let them know what areas the children need help with and what they excel in. “We are focused on the post-game highlights,” is how they put it. And while this seems like it could be a platform play, the team is also committed to making their own fun games. Right now they have one with seven more planned.

LocBox

LocBox looked at the crowded daily deal space and saw a big problem: customer retention rates. Because there are so many different deal services that people are trying out, everyone seems to be only partially committed to it. LocBox aims to simplify the experience by giving everyone an important cool to keep customers: an iPad. That is, they give merchants an iPad loaded with their CRM software to reduce the friction for trying out and sticking with their system — and also for customers using it.

CompanyLine

The easiest way to think of CompanyLine is as a sort of Facebook Groups for business. But a key part of it is the nice integration they have with other services like WebEx and Dropbox. It works so well that AngelPad themselves apparently use it now internally over the old way of doing things: Google Groups (again, these are ex-Googlers we’re talking about). The name is drawn from the idea that the way companies collaborate today is sort of like phone line switchboards in the 1950s. They want to change that.

Feedgen

Feedgen is a sales lead platform that utilizes social elements. They note the disconnect between marketing and sales — the amount of leads brought in by marketing don’t end up meaning much. But leads can come from elsewhere: enter social networks. Another key is the UI. They use the familiar inbox style to manage leads. You can think of it as a “priority inbox” for leads, they note (referencing Google’s newish system for ranking email in Gmail).

Coverhound

Coverhound is simply online insurance shopping that works. “It’s a complete scam right now,” the founders say pointing to how much of what you see online is little more than bait. And that shows on the other end as something like 300 leads are needed to sign just one new person up for a policy. Coverhound changes the dynamic by being a filter for both sides. They take customers basic information (name, address, email) and pull up information about them from third parties that is then used to serve up accurate estimates from the insurance companies. It’s sort of like Kayak for car insurance.

SecondLeap

SecondLeap is a search engine for people who want to change careers. It’s not about career advancement, it’s about people looking to make a true total change. The service show those people what the potential impact is in terms of years needed for a new career and what the financial impact will be. If it’s determined that the career change will be a good one, SecondLeap helps the user find the right school and loan to make the change happen.

Information provided by CrunchBase


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