Facebook Application Development
Facebook App DevelopmentTell Us About Your Project

Principal Mozilla Engineer Mike Hanson Departs, Joins Greylock As EIR

selfGreylock Partners announced tonight that it has added a new member to its team, with Mike Hanson joining the firm this week as an Entrepreneur-in-Residence. Hanson joins Greylock from Mozilla, where he has been a principal engineer at Mozilla Labs for the last three years, playing a central role in conceiving the company’s distributed identity verification system, also known as BrowserID, and developing APIs and apps for Firefox’s apps platform — among other things.

Prior to Mozilla, Hanson was a principal engineer at Cisco, working on app delivery, particularly device virtualization, clustering, as well as data center strategy. Hanson also co-founded and was the chief architect at Reactivity and spent several years at the Apple Research Lab working on Sherlock, perhaps better known as the precursor to Spotlight. He also counts 16 patents to his name.

“In the Studio,” Naval Ravikant Offers a Glimpse into AngelList’s Roadmap

Screen shot 2012-08-07 at 5.14.59 PM“In the Studio” rolls into the dog days of summer by welcoming a guest who, originally trained in computer science, went on to found a large consumer website, worked in venture capital on Sand Hill Road, and after helping out his would-be business partner learn the ropes of “hacking” the fundraising process, set out on a journey to build what a platform for startup investing and other related activities that has been gaining momentum and strength over the past few years.

After 5 Years With Facebook, Ben Blumenfeld Leaves To Beautify The Future At Designer Fund

Blumenfeld Designer FundA designer’s eye can change the world, but some don’t know how to build a company. So today, veteran Facebook designer Ben Blumenfeld revealed to me that he’s moving on to co-direct Designer Fund, a community of angels and mentors who support designer-led startups with a positive influence. Blumenfeld’s departure follows a string of other high-level post-IPO exits from Facebook, as employees seek to apply what they’ve learned to projects where they have more control.

Blumenfeld becomes the new co-director of Designer Fund, whose sponsors include Andreessen Horowitz and 500 Startups. In a special interview he tells me how he’ll be helping designers raise money, find co-founders, learn entrepreneurship, and turn their sketches into social good.

In A Post-Facebook IPO World, SecondMarket’s Transactions Rise 27% In First Half of 2012

secondmarket-company-snapshotFacebook and Zynga’s post-IPO performances may have scared many companies off public markets for the time being, but liquidity is still available to certain smaller, private companies. SecondMarket took a look at the privately-held companies that continue to offer shares on the marketplace and found that they have an average valuation of $329 million and about 200 employees. SecondMarket’s full report is here.

Even with headwinds from the public markets, transactions on SecondMarket’s platform in the first half of this year are still up 27 percent year-over-year at $341 million. Gaming companies led the way with 48.3 percent of liquidity events on the platform. (Really, that doesn’t seem that surprising considering how Zynga has slid from a privately-held valuation of more than $14 billion before its initial public offering to a current $2.2 billion market cap.) Privately-held gaming companies are likely to feel a great deal of downward pressure on their valuations throughout the next several months. Following gaming companies were consumer web and social media companies, then education and financial services.

Summit Partners Raises $520 Million Credit Fund For Growth Companies

30829v1-max-250x250Lately investing in Rocket Fuel, WestWing and Delphix so far this year, Summit Partners has been stepping up to the plate and is now joining the ranks of this Post-Facebook-IPO era of VCs which are raising capital for so-called middle-market companies who are still a ways off the IPO track. They also had a recent exit in the form of Wildfire’s acquisition by Google.

Summit has today announced it’s raised a $520 million credit fund for these growth companies. That brings Summit’s total equity and credit capital base to nearly $15 billion. The fund will be run in Boston by Managing Directors Todd Hearle and Jamie Freeland who joined Summit in 2010.

It’s High Time There Was A Tech IPO Market In London – Let’s Do This.

mc_061512_hiresThe recent results of Zygna, Groupon, and even the mighty Facebook on the public markets in the U.S. have served to highlight a couple of major issues for European startups. One is a little jealously: there remain few viable IPO markets in Europe for tech stocks, hence why you see so many moving to the US – usually NASDAQ – when they get big, as happened with Yandex and Qlik Technologies. The second is annoyance: many solid European tech companies are now at a point where they have solid, revenue generating businesses, built on a lot more than hype and user numbers alone. And in the last year we’ve seen these companies start to look for ways to break-out.

For example, there are rumours that both the incredibly successful Wonga and King.com are considering floating on New York’s NASDAQ exchange, while Mind Candy is also alleged to be considering a float for its Moshi Monsters game.

And the latest symptom of this is another rallying cry by entrepreneurs and VCs for a tech IPO market in London, the natural home for European startups to float in a global setting.

Surprise! Consumer Internet Companies Fuel Euro Growth VC

download (1)Dow Jones VentureSource has released some figures about European venture capital which we should all take a look at and chew over. The headline news is something that you might not have predicted a few years ago. Given that bigger European tech companies have been largely drawn from the Enterpise/B2B space, it’s significant that consumer Internet companies are now leading the charge. But the trends also show that European tech companies are suffering from too few exit opportunities which is leading to later-stage financing rounds and less deal activity.

Cybersecurity: Bit9 Gets $34.5M From Sequoia, Others For Its Whitelist Approach To Fighting Attacks

bit9 logo and anonymous masksHacking, viruses, megabreaches and other cybercriminal activity are on the increase, and cybersecurity specialists Bit9 has today announced a significant round of funding to help fight it.

Bit9, which works with 30 of the Fortune 100 companies, Raised its biggest round yet, a $34.5 million Series D led by new investor Sequoia Capital, with participation from existing investors Atlas Venture, Highland Capital Partners, Kleiner Perkins Caufield & Byers, and .406 Ventures.

Carpooling.com Picks Up $10M From Daimler To Take Its Ridesharing To The US: Let The Car Wars Commence!

carpool laneThe ridesharing-disruptive car service space in the U.S. is about to get a little more crowded: Carpooling.com, a ridesharing service out of Munich, Germany currently enabling million rides monthly, is today announcing a C-round of investment from carmaker Daimler, which it will be using to expand to the other side of the Atlantic starting in the fourth quarter of this year. Financial terms of the investment have not been disclosed but TechCrunch has heard from a reliable source that it is €8 million ($10 million).

The deal makes Daimler a strategic investor in the company. Other existing investors include the European VC firm Earlybird, which has invested in the company’s previous two rounds, as well as Carpooling.com’s founders.

FundersClub Wants To Bypass VC And Let YOU Invest In Startups

FundersClub LogoFundersClub is going to change how companies get funded. Today it launches a website designed to let anyone with as little as $1000 make equity investments in startups and earn money if they succeed.

For now you have to be an accredited investor with a net worth over $1 million or yearly earnings over $200,000 to use FundersClub. But an industry source familiar with the Y Combinator startup gave me an exclusive rundown of its whole roadmap, including that if the JOBS Act goes into effect or FundersClub pays to set up a mutual fund, literally anyone will be allowed to use it to invest and profit if a startup successfully exits.

Put simply, FundersClub could utterly disrupt venture capital, democratize investment in private companies, and ensure any founder has easy access to enough funding to pursue a great idea.