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The Elevation Dock starts out as something simple: an iPhone dock. Unlike most accessories though, this one has quite the story behind it. Not only is it expertly crafted, but it is also a record-breaking product -- record-breaking before it has even shipped. That is because the Elevation Dock is set to break the all-time Kickstarter fundraising record.
Fab's insanely rapid ascension to popularity is fast even for these heady days of social commerce. It took Gilt two years to get to one million users, ditto One King's Lane. Fab got to two million users in just seven months, adding 450,000 people in just the last thirty days. The site expects to do more than $100 million in revenues this year.
We hear that the paperwork has just been signed on a monster new funding round for Yammer. There was more than $100 million in interest, and the company took just north of $50 million, last we heard, although that may still creep up as the deal closes.
The turnover in Twitter's CEO chair may be over, but the company is still struggling to find permanence at the VP level.
When a large company starts to decline, the blame is often placed in two places: with the CEO and with the Board of Directors. Depending on whether the problem is seen as systemic or not, either the CEO will be kicked out by the Board, or the Board will be forced to resign by the shareholders.
Daily deals sites had their hot moment. Then they had their backlash moment. Now they're trying to have a mature moment. Three years in, and the industry is tasked with figuring out a sustainable business model that doesn't spam, kill local businesses, or die out as a fad. The way they plan to do that, thus far? DIVERSIFICATION! At least, that's how LivingSocial Ceo Tim O' Shaughnessy sold it at Business Insider's Social Commerce Summit in New York this afternoon. O'Shaughnessy said the company will avoid losing relevance with consumers by focusing on specialized categories like travel and family. LivingSocial Adventures, Escapes, Families and Instant all launched in 2011, and the company is "pushing hard" on its new products. Still, LivingSocial lost $558 million last year on $245 million in revenue. O'Shaughnessy attributed the loss to investing in new product development (like LivingSocial Adventures) and putting feet on the ground in its local markets.
A report was published yesterday that claimed that the "app economy" has created 466,000 jobs in the last few years. For those that don't know, the app economy includes the people who develop the applications, the people who help those people, and the support people behind it all. Whether it is the initial developer, or the indie shop, or the company that cleans the offices of the developers, these are all part of the "app economy".
You might need a whiteboard for this one.
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