Pando

Kym McNicholas

  1. Google's Next Big Buy: Tango?

    Less than a year after raising a $42 million Series B round, video calling service Tango has closed another $40 million round with Qualcomm as one of the series leads. Access Industries, the industrial holding company founded by Len Blavatnik, which was an investor in Tango's last round, is also one of the leads in this round, which brings the company’s total funding to close to $100 million.

    By Kym McNicholas , written on

    From the News desk

  2. Could Spigit Be Close To Profitability After Years of Mounting Losses?

    At first glance, the situation at Spigit is not a pretty picture: Spigit’s CFO, Mark Tisdel, who was hired in 2010 to help prepare the idea collection and management software company for an IPO, resigned. Weeks later about 7% of its workforce was layed off. Granted, 7% of a workforce just 130 strong, is a mere nine employees. But that still doesn’t bode well for the startup, which launched in 2007 and has racked up increasing losses.

    By Kym McNicholas , written on

    From the News desk

  3. Seth Goldstein: 5 Take-Aways From the Facebook/Instagram Deal

    $1 billion acquisition are rare, especially for a company with only about a dozen employees. But if you want to model your startup after a company with great appeal, then angel investor and Turntable.fm Chairman Seth Goldstein offers a few lessons you can learn from Instagram, a company which today Mark Zuckerberg announced Facebook has purchased for $1 billion: Focus on the investor, not the firm. Goldstein says, “Too many young entrepreneurs focus on the brand of the firm, as opposed to the brand of the individual investor at that firm, who would be joining the board.” He believes Instagram CEO Kevin Systrom got it right choosing to work with Benchmark’s Matt Cohler, Baseline's Steve Anderson, and others. Optimize the experience natively for one platform for as long as possible. While many people criticized Instagram for not doing a land grab, it was wise to focus on iOS, building its user base up to 30 million users. Stay lean. Don’t over-hire regardless of the size of your bank account. Instagram reportedly had 13 employees as of just last week. Stay "foolish," as Steve Jobs famously told Stanford grads. Keep your product playful and quirky, regardless of how many users you have. Give users choices to personalize, but not too many choices. Like Twitter, Instagram is simple to use, so simple that many people have discounted it as just a "feature." The sixth we'd add is to listen to your own internal compass. With the exception of focusing on individual investors, Kevin Systrom was doubted on many of these points. But he listened to his gut, and his approach built something millions of people love and ultimately won him and his investors a huge payday.

    By Kym McNicholas , written on

    From the News desk

  4. Vinod Khosla: Silicon Valley's Talent Thief

    Vinod Khosla is an influential guy. He is a billionaire who has helped hundreds of companies grow. He was a co-founder of Sun Microsystems and knocked it out of the park as an investor in Juniper Networks. He, Mike Moritz, and John Doerr were the triumverate atop the apex of VC power back in the 1990s.

    By Kym McNicholas , written on

    From the News desk

  5. Silicon Valley Gets Its Own Airline, SurfAir

    Just eight weeks after being accepted into Southern California incubator Mucker Labs, a new airline SurfAir has emerged to serve entrepreneurs, executives, and Venture Capitalists, who travel frequently throughout the state of California. Founder Wade Eyerly is a first-time entrepreneur. Prior to this, he had worked was an intelligence office for the CIA, and on the White House Advance Team for Vice-President Dick Cheney. He got the idea to start a small commuter airline, after his brother struggled to find a job as a pilot in the current economic climate.

    By Kym McNicholas , written on

    From the News desk

  6. Office Crashers: Founders Den Vows To Avoid Becoming An Accelerator

    “Happy Birthday to you... Happy Birthday to Founders Den...”

    By Kym McNicholas , written on

    From the News desk

  7. LottoGopher Finds Online Market, as Thousands Buy Mega Millions Tickets

    You don’t have to be a millionaire to afford concierge services, but those services could make you one -- or a multi, multi-millionaire!

    By Kym McNicholas , written on

    From the News desk

  8. Office Crashers: DriverSide, Will Fishbowls and Nintendo Attract Engineers?

    At a cafe in the Mission on Monday afternoon, my video editor and I tried to post a five-minute video to YouTube. But a slow connection meant it would take five hours to upload the piece to the site.

    By Kym McNicholas , written on

    From the News desk

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