Put another $1 million in the coffers of travel search startup Wanderfly, which allows users to brainstorm vacation ideas by feeding parameters like price, time and point of origin into a search engine. TechCrunch reports that the company has raised the funds from Charles River Ventures, Jason Calacanis, StartupAngel, James Baile, Roger Dickey and other angels.
Wanderfly currently Read More
Content providers beware — Apple is putting the squeeze on publishers that use its App Store as a platform for selling their own programs. The New York Times reports:
Apple rejected Sony’s iPhone application, which would have let people buy and read e-books bought from the Sony Reader Store.
Apple told Sony that from now on, Read More
The click-through rate on ads shown on Facebook was about half the industry average in 2010, worse than the prior year’s performance, according to research firm Webtrends.
Facebook’s click-through rate declined to 0.051 percent in 2010 from 0.063 percent in 2009, per Webtrends’ analysis of more than 11,000 ads on the social network. Read More
Winning the FUture
As part of its spirited but confounding effort to “win the future,” the Obama administration has announced Startup America, a program that aims to dampen the effects of our stumbling economy through the magic of state-sponsored ingenuity and entrepreneurship.
For starters, the U.S. Small Business Administration plans to match $2 billion in private sector Read More
New York-based BNTER.com is a Twitter-esque site for posting clips of conversations that take place via text message, instant message or with voices in actual real life. Some of New York’s techsters have really taken to BNTRing their witticisms, puns and moments of zen, so we plumbed the site for the best recent BNTERs, Friday Read More
Philadelphia-based accelerator DreamIt Ventures has selected entrepreneur Mark Wachen to helm its New York City branch.
Mr. Wachen is a New Yorker who made his name as an entrepreneur by selling startup Optimost for $5 million and making early investments in Upstage Ventures, according to The Times. Here’s his take on the current Read More
The $50 billion valuation Goldman Sachs assigned social-networking company Facebook is far too high, according to a Bloomberg survey of investors, analysts and traders. Bloomberg asked 1,000 of its customers whether they thought Facebook was really worth that enormous chunk of change, and most said, “nah, not really.”
Sixty-nine percent said Facebook is overvalued Read More
Shares of Demand Media, the content-farming company with unconventional accounting practices, rocketed 35 percent higher following the company’s initial public offering this morning.
The offering included 8.9 million shares, with Demand selling 4.5 million shares at $17 per share. Existing shareholders sold another 4.4 million shares–a last-minute boost over the 3 million Read More
New York startups in need of a little acceleration will welcome DreamIt Ventures, which is making its entrance to the New York technology scene by opening a Manhattan outpost.
Philadelphia-based DreamIt provides a maximum of $25,000 in seed funding–$5,000 plus $5,000 each for up to four team members. In addition to the money, DreamIt Read More
Watch it buddy
Technology has permeated our daily lives to such a degree that Associated Press reporter David Bauder has taken it upon himself to conduct an informal survey of smartphones’ impact on the habits of Manhattan pedestrians. The results are, to put it bluntly, horrifying:
I saw a woman nearly flattened by a taxi when she Read More