Bookmark Or Share!

The Best Gadgets Are Here!

About Us

Uploading New Content Every Day, Come Back To Check The New Updates!!! Everything In Technology, New Gadgets, Mobiles And More Will Be Here, Every Day You Will Find New Posts, So Don´t Forget To Come Back To Check Out What Is New In The World!!!

Saturday, January 29, 2011

Move Over, Rover: Next Giant Leap Gets $1 Million Grant To Build Hopping Moon Landers

Next Giant Leap in Boulder, Colorado— a startup that’s making robots that will land and hop around on the surfaces of other planets in order to gather data, detect resources valuable to humans, and more — attained a $1 million grant from the Charles Stark Draper Laboratory, to advance their technology and pursue the $30 million Google Lunar X Prize in 2012, the companies revealed today.

Draper is a non-profit in Cambridge, Massachusetts that develops advanced technology, and assists and invests in others’ innovation for space, air, land and sea exploration. One of Next Giant Leap’s team members, Seamus Tuohy (also Draper’s director of space systems) explained what NGL is working on and its potential uses:

“We’re developing critical technology for landing and hopping, both to satisfy the rules for the Google Lunar X Prize, and to provide an innovative, regional-scale science measurement capability. Unlike rovers that go to a single point on the surface of a planet, and then maybe two kilometers away and back, retreating if something is in the way, these would land, then ascend a bit, do a translation, traverse above the terrain to land in another spot. The lander-hopper we’re building is about the size of a coffee table, not a car.

I believe this would be particularly valuable to the environmental cause. The future ability to monitor the environment is a government concern, but who’s to say the best technology and services to measure greenhouse gases, and other things might not come from a commercial enterprise like Next Giant Leap? These technologies we’re working on let you place sensors, gather samples from difficult-to-access locations on the moon, and on earth as well where you don’t want to send a manned vehicle or a helicopter.”

Another team member with NGL, Todd J. Mosher, a program manager at Sierra Nevada Corporation, said potential buyers of NGL’s lander technology could include NASA as an anchor, and a number private sector companies that look at the moon as the next Gold Rush site, full of untapped water and mineral resources that are becoming increasingly scarce and expensive on earth.

Mosher and Tuohy envision NASA using NGL’s landers in “operations-to-station” and “commercial crew development” programs, bringing people and their supplies to the surface of the moon and back, or in scientific investigations. NASA, however, is not in the practice of mining other planets for resources Mosher noted. Beyond government missions, he explained, his team’s lander technology and more so, competitions like the Google Lunar X Prize, could have a huge impact on clean energy, water and minerals trade:

“My kids are doing an explorers’ segment in school right now, studying Magellan, Ponce de Leon and those folks. If you study that history, the first wave of explorers were funded by the government. They went out and found places. The next waves were entrepreneurs and traders who turned scientific discoveries into something profitable. They may not be as glamorous, but what they did led to the development of trade routes that connected people, and allowed settlements that turned into great cultures.

NGL’s landers are robotic scouts or prospectors that will head out to new territories to discover forms of wealth for all of us. They depend on solar rays to get their power. So does a lot of space technology, actually. They’re part of the next wave that will make space exploration much more sustainable. They can also help us explore water deposits that are believed to be in cold traps, or craters on the surface of the moon that the sun doesn’t reach.

The competition is driving people to get together and figure things out. We may not solve this problem in our first mission, but we’re thinking about how to survive a lunar night, which is equivalent to 14 days on earth in darkness, if our vehicles and stations run on solar. If we develop something rugged and robust enough to work in that extreme environment, it will help us back here on earth.”

With this grant, the NGL team, led by founder Michael Joyce, has raised about $1.5 million, including an investment of $200,000 by the team’s founder Michael Joyce, a $100,000 from Jolted Media Group Ltd., a $30,000 grant from eSpace an incubator program for space startups, and $125,000 from Sierra Nevada Corporation.


View the original article here

Groupon CEO Andrew Mason: I’m Following The Arnold Schwarzenegger Guide To Leadership

This evening at the Crunchies, Groupon CEO Andrew Mason took home the coveted CEO of the Year award. But we couldn’t let him leave the stage without taking the opportunity to ask him a few questions about the red-hot company.

Our own Michael Arrington kicked things off by asking about Groupon’s press release for its recent funding round, when it “Raised, Like, A Billion Dollars“. Groupon and Mason have long had a very amusing and irreverent sense of humor. But how long can they keep that up before it causes a deal to fall through, or something else undesirable to happen?

Mason replied that he’s taking the Arnold Schwarzenegger approach to leadership. That is, he’s taking the first part of his career and doing everything stupid he can think of, so people have no expectations for him down the line (then again, he did just win CEO of the Year, so he’s not setting the bar too low).

Michael followed up by asking if Groupon had selected Morgan Stanley to lead the company’s IPO. Mason responded, “We are talking to bankers about the possibility of going public…. We have not made any decisions about whether to go public or who to do it with”.

Finally, Michael asked about Groupon’s revenue — could it do $4 billion this year?  To which Mason responded, “Which one’s the revenue?”


View the original article here

Facebook Raises $1.5 Billion At $50 Billion Valuation

Facebook has officially announced that it has just raised $1.5 billion in funding at a $50 billion valuation, according to a release issued today (we’ve embedded the release below).

As stated in the release, the investment was broken into two parts. Goldman Sachs participated in the first round (via an offering to its non-U.S. clients in a fund), which totaled $1 billion. In December, DST and Goldman separately invested another $500 million into the social network. Both rounds gave Facebook a $50 billion valuation, says the company. This brings Facebook’s total funding to a staggering $2.336 billion.

It’s interesting to note that Facebook didn’t take the full $1.5 billion from Goldman Sachs in the first part of the investment. As stated in the release:

Under the transaction’s terms, Facebook had the option to accept between $375 million and $1.5 billion from the Goldman Sachs overseas offering, at the discretion of Facebook. While the offering was oversubscribed, Facebook made a business decision to limit the offering to $1 billion.

One has to wonder if the fact that Goldman excluded U.S. investors from the round had to do with Facebook not raising the full $1.5 billion (which would push the total investment to a whopping $2 billion).

Another interesting tidbit from the release is this: Even before the investment from Goldman Sachs, Facebook had expected to pass 500 shareholders at some point in 2011, and therefore expects to start filing public financial reports no later than April 30, 2012.

Clearly, it looks like Facebook plans to IPO no later than April 2012.

So what will Facebook do with this massive amount of cash? The company says it has no set plans but vaguely stated that it will be “investing to build and expand its operations.”

The Goldman investment was first reported by New York Times’ Dealbook.

So much for that slow Friday news day.

Facebook Raises $1.5 Billion

Facebook Receives $1 Billion from Goldman Sachs Overseas Offering; Digital Sky Technologies and Goldman Sachs Also Recently Made $500 Million Direct Investment

Investment Values Facebook at $50 Billion

PALO ALTO, Calif., Jan. 21, 2011 /PRNewswire/ — Facebook today announced it has raised U.S.$1.5 billion at a valuation of approximately $50 billion.

The transaction consisted of two parts. Today, Goldman Sachs completed an oversubscribed offering to its non-U.S. clients in a fund that invested $1 billion in Facebook Class A common stock. In December, Digital Sky Technologies (DST), The Goldman Sachs Group, Inc., and funds managed by Goldman Sachs invested $500 million in Facebook Class A common stock at the same valuation.

“Our business continues to perform well, and we are pleased to be able to bolster our cash position with this new financing,” said David Ebersman, Facebook’s chief financial officer. “With this investment completed, we now have greater financial flexibility to explore whatever opportunities lie ahead.”

The investment generated a significant number of questions from interested parties and Facebook has addressed the most common ones below.

Why did Facebook raise this money?

DST and Goldman Sachs approached Facebook to express their interest in making an investment, and Facebook decided it was an attractive opportunity to bolster its cash reserves and increase its financial flexibility with limited dilution to existing shareholders.

Why did Facebook choose to raise $1 billion in the overseas offering?

Under the transaction’s terms, Facebook had the option to accept between $375 million and $1.5 billion from the Goldman Sachs overseas offering, at the discretion of Facebook. While the offering was oversubscribed, Facebook made a business decision to limit the offering to $1 billion.

What are Facebook’s plans for the proceeds of this transaction?

There are no immediate plans for these funds. Facebook will continue investing to build and expand its operations.

Does this investment mean that Facebook will have more than 500 shareholders?

Even before the investment from Goldman Sachs, Facebook had expected to pass 500 shareholders at some point in 2011, and therefore expects to start filing public financial reports no later than April 30, 2012.


View the original article here

Friday, January 28, 2011

Huh? Two 25-Year-Old Americans Launch A Groupon Clone…In France?

I’m pretty sure I know what you’re thinking: Huh? Wtf ? Why would any Americans in their right mind want to leave the happiest business place on earth to launch anything in France?! Maybe the wine?

Ok, maybe you’re not thinking that. But it doesn’t change the fact that 25-year-old American entrepreneurs Anton Bernstein and Joshua David hopped the Atlantic to launch Groupon clone Lookingo in France.

Read the rest of this entry »


View the original article here

Zynga Acquires Social Game Developer Area/Code; Launches New York Office

Weeks after announcing its acquisition of social browser Flock, Zynga is continuing its shopping spree today with the purchase of New York-based social gaming developer Area/Code. In conjunction with the acquisition, Zynga is also announcing its first New York office with the launch of Zynga New York. Terms of the deal were not disclosed.

Based in New York City, Area/Code has developed a number of games on Facebook and for mobile, including CSI: Crime City with partner Ubisoft, Facebook game Parking Wars and Drop7 for the iPhone. According to the startup’s site, the developer focused on highlighting “the connections between the interactive systems and imaginary landscapes inside of games and the real world around them.” These connections could include, “online games that respond to broadcast TV in real time,” “game systems that explore real-world social issues,”
“urban environments transformed into spaces for public play,” or “game events driven by real-world data.”

Area/Code was co-founded by Frank Lantz and Kevin Slavin, and interestingly Foursquare co-founder Dennis Crowley was the third partner in the startup in between leaving Google and starting Foursquare.

Area/Code general manager Demetri Detsaridis and Lantz will be General Manager and Creative Director, respectively for Zynga New York.

This is Zynga’s 9th announced acquisition in 8 months, including, Texas-based NewToy, XPD in Beijing, Unoh Games in Tokyo, Conduit Labs in Boston, Dextrose AG in Frankfurt, Germany,Challenge Games in Austin, and Bonfire Studios in Texas.


View the original article here

PostUp Acquires UberTwitter, Renames Itself (Again) To UberMedia

Bill Gross is up to something. The CEO of PostUp, who previously founded (and sold) Overture, answers.com, and a number of other companies, has just acquired his second Twitter client in as many weeks. On January 5 PostUp acquired EchoFon, and today the company has announced that it’s acquired UberTwiter, which makes Twitter clients for iPhone and BlackBerry.

In addition to the acquisition, PostUp has another piece of news: it’s changing its name to UberMedia. This is the third name for the company, which was originally called TweetUp, but changed its name last summer to PostUp as it added support for Facebook and LinkedIn.

So what is UberMedia’s strategy here? The company now has a new homepage, which includes the following description:

UberMedia is the leading independent developer of applications and web-based services that make it easier for users to find, follow and communicate with others on Twitter and other social media platforms. The company is focused on driving innovation in user experiences across a range of online and mobile platforms. UberMedia also provides advertisers and brands with new ways to engage and communicate with consumers via Twitter through its family of apps.

In other words, it wants to offer a variety of third party services that are complimentary — and in some cases, directly competitive — with what Twitter offers.



View the original article here

MyNines Relaunches Private Sales Aggregator With New UI, Sales Calendar And More

MyNines, an aggregator of private sales sites, is relaunching today with a number of new features and a more streamlined user experience.

Launched in March of 2010, MyNines aims to help consumers sort through the daily flash sales sites. MyNines aggregates products from various online sample sale sites and allows shoppers to find them all in one location. Users can search and filter by designer, category, highest discounts, as well as deals ending soonest, most viewed items, deals under $100, and newly listed. MyNines currently aggregates from over 80 sites, including eBay’s Fashion Vault.

With the relaunch, MyNines has rolled out a complete redesign of the site and a new feature called “Boutiques,” which includes sets of products from various sample sale sites curated by stylists, fashion bloggers and celebrities (this is very similar to Google’s Boutiques.com).

One of the most useful additions to MyNines is the sample sales calendar, which will aggregate the sale events from pretty much every sample into a calendar format to see which designers are featuring their sales on flash sale sites each day. You can also subscribe to the Sample Sales Calendar via Google Calendar, Outlook, or Apple iCal and you can set sale reminders for specific sales and MyNines will email you when those sales start.

While MyNines does aggregate actual products from a massive number of flash sales sites, some of the biggest players in the space, like Gilt Groupe, have not signed in to be included in the site’s feeds (although Gilt’s sales are included in the Sample Sale Calendar). The site’s founder, Apar Kothari, seems optimistic, however; that eventually all private sales sites will sign on to give MyNines a feed of their daily sales. Kothari adds that MyNines will soon start rolling out more personalized shopping features and will suggest certain sales and items to members based on what sales they click on.


View the original article here