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Posts Tagged ‘U.S. To’

LinkedIn Founder Reid Hoffman Personally Thanks First Million Members For Being Early Adopters

March 25th, 2011 03:30 admin View Comments

As you may have heard, professional social network LinkedIn passed 100 million members this past week. Amid an upcoming IPO, this was a pretty significant milestone for the social network. And today, LinkedIn co-founder and chairman Reid Hoffman has sent the first million members an email, personally thanking them for joining the network in its early days.

TechCrunch editor Erick Schonfeld received a note (he is member #261,186), which we’ve embedded in the post. The note reads: I want to personally thank you because you were one of LinkedIn’s first million members (member number [ ] in fact!*). In any technology adoption lifecycle, there are the early adopters, those who help lead the way. That was you.

For the few users who were one of the first 100,000 members, LinkedIn sent a similar note thanking them for being “innovators” (Federated Media founder John Battelle was member #74,282).

LinkedIn, which launched in 2003, says that it is now being used in over 200 countries, with more than half of its users originating from outside the U.S. To be exact, the U.S. has 44 million LinkedIn members, and there are 56 million members outside of the U.S.

While the note itself isn’t monumental news, a somewhat personalized congratulatory note from the founder and chairman of LinkedIn is a nice touch for the network’s users.

Source: LinkedIn Founder Reid Hoffman Personally Thanks First Million Members For Being Early Adopters

Boom! Professional Social Network LinkedIn Passes 100 Million Members

March 22nd, 2011 03:43 admin View Comments

2011 has proven to be a monumental year so far for professional social network LinkedIn. The company filed its S-1 for a public offering, released a number of data-focused products and unveiled a social news reader for professionals. And today, the professional social network has hit an important milestone: 100 million users.

LinkedIn, which launched in 2003, says that it is now being used in over 200 countries, with more than half of its users originating from outside the U.S. To be exact, the U.S. has 44 million LinkedIn members, and there are 56 million members outside of the U.S. Brazil is seeing the highest growth rate, with new user adoption rising 428 percent year-over-year. Mexico is also seeing major growth, with membership growing by 178 percent year-over-year.

Currently 17.8 million LinkedIn users a members of the network’s Groups and 1.2 million post comments to Groups weekly. There are now over 2 million company pages, with eBay, Amazon, Apple, Cisco, EMC and Campbells as the most represented companies on the network based on the number of employees that are on LinkedIn.

For LinkedIn, 100 million users comes with a caveat. As the company wrote in its S-1 filing, “The number of our registered members is higher than the number of actual members, and a substantial majority of our page views are generated by a minority of our members… If the number of our actual members does not meet our expectations or we are unable to increase the breadth and frequency of our visiting members, then our business may not grow as fast as we expect, which will harm our operating and financial results and may cause our stock price to decline.”

So while 100 million users is an impressive milestone, the company admits that its active users are below this number. How much below, however, is unclear. According to comScore, LinkedIn saw 71.5 million unique visitors worldwide in February.

And of course, it’s important to note that 100 million is one-sixth of Facebook’s 600 million userbase (Facebook saw 676.7 million unique visitors worldwide in February, reports comScore). But as the company prepares for a public offering, growth in terms of users will be an important selling point for potential investors. And LinkedIn’s revenue and profit is increasing steadily. It took LinkedIn 8 years to reach 100 million members; how long will it take the network to reach 200 million users?

Source: Boom! Professional Social Network LinkedIn Passes 100 Million Members

U.K. Beats The U.S. To A Tech-Friendly Startup Visa

March 17th, 2011 03:08 admin View Comments

Right now the UK media is making a lot of noise about new Visa rules which mean “super-investors” willing to put £5m into a UK bank account will get the right to stay indefinitely in Britain after only three years. This is two years faster than the average migrant who still has to wait five years. Deposit £10m and the time drops to two years. Clearly the new rules are aimed at high-value investors and entrepreneurs.

However, what the media is missing is the new rules governing entrepreneurs wanting to enter the UK. Now, beginning April 6th, “high-potential” entrepreneurs will be allowed to come to the UK so long as they have £50,000 in funding from a reputable organisation.

That is ridiculously good news for tech startups wanting to set up shop in the UK, and startups in the UK wanting to hire in talent they can’t get locally – CTOs for instance. Plus, entrepreneurs will be allowed to enter the UK with their business partners as long as they have access to joint funds.

These “high-potential” guys will also be allowed to enter the UK on a “visitor visa” in order to secure funding and make arrangements for starting their business before they transfer to a full Tier 1 (Entrepreneur) visa (which is the normal Visa for normal, non- high growth entrepreneurs, who still need £200,000 in funding to qualify).

So a Tier 1 (“Exceptional talent”) applicant will not need to be sponsored by an employer but will need to be endorsed by an “accredited competent body”. Who are these bodies? Well, the list of “competent bodies” will are yet to be announced by the government, but we’re hoping they will include VC, Angels and other investors. But we’re fairly sure this will work out well for tech startups.

The news is very very good for the UK, and will create a huge war for talent in Europe as other countries race to create similarly smart rules.

And in case you were counting, the UK just beat the US to the cherished “startup visa”.

On March 14 this year three powerful US Senators introduced legislation in the Congress which if passed would instantly provide a two-year US visa to any entrepreneur that can obtain an investor to fund his idea. The StartUp Visa Act of 2011 would allow an immigrant entrepreneur to receive a two year visa as long as they can show that a qualified U.S. investor is willing to invest in the immigrant’s venture with a minimum investment of $100,000 or can show that the business has generated at least $100,000 in annual sales from the US.

But that legislation is no where near being passed yet. The UK just beat the US to it.

Source: U.K. Beats The U.S. To A Tech-Friendly Startup Visa

yaM Labs Secures $500K To Take Meeting Management To The Cloud

March 2nd, 2011 03:56 admin View Comments

yaM Labs, a Russian startup not to be confused with Yammer, has secured $500k from Foresight Ventures. The company has developed Cloud-based software to make meetings – both face-to-face and virtual – more efficient by enabling participants to collaborate on the planning, running, and execution of a meeting.

The premise being that traditional offline tools make for a lot of wasted time because meetings lack focus and ‘memory’ – you have to be there to know what went down and even if you were, often the answer is not a lot or there at least exists no actual record. Shifting these tools to the Cloud – the yaM app runs completely in a web browser – and improving them along the way is supposed to help with this. The startup broke cover at our recent TechCrunch Moscow event.

yaM says it will use the new funding to accelerate product integrations with iPad and other tablets, Google App Marketplace, Yammer, Jive Networks. Additionally, money will be spent on marketing the app in the U.S.

To that end, the current yaM app offers a tabbed and notepad-like Interface – not far from being tablet ready, one suspects – to a suite of real-time collaboration tools to let meeting participants take part in trackable brainstorming sessions, SWOT and pro/con analyses, “action item prioritization”, and other meeting techniques and methods – all of which, if utilized, can make meetings more valuable, apparently.

As for the name, yaM actually stands for ‘yet another meeting’. Its founder is Anatoly Gaverdoskiy, a serial entrepreneur, including founding California-based InvisibleCRM, while the business model is a classic freemium play, The free version will be limited to a set number of meetings after which you pay a monthly subscription for unlimited meetings, storage and added security.

Source: yaM Labs Secures $500K To Take Meeting Management To The Cloud

Nintendo: 37 Million Wii Consoles Sold In The U.S. To Date

January 4th, 2011 01:20 admin View Comments

Nintendo this morning announced that its DS family of portable video game systems has sold more than 47 million in the United States since the original model launched in November 2004. The company also said that, according to its internal sales figures, the Wii system has gone over the counter more than 34 million times in the United States alone.

Of those 34 million, roughly 21 million Wii systems were sold in the last three years, Nintendo says. According to the company, the Wii home console marked its third consecutive calendar year with U.S. sales of more than 7 million.

Earlier, the company said it sold 2.7 million Wii and Nintendo DS systems in the United States in November alone.

Nintendo is set to release its new Nintendo 3DS hand-held system in the United States in March. The portable system lets players see 3D content without the need for special glasses.

Source: Nintendo: 37 Million Wii Consoles Sold In The U.S. To Date

yaM Labs Secures $500K To Take Meeting Management To The Cloud

November 29th, 2001 11:00 admin View Comments

yaM Labs, a Russian startup not to be confused with Yammer, has secured $500k from Foresight Ventures. The company has developed Cloud-based software to make meetings – both face-to-face and virtual – more efficient by enabling participants to collaborate on the planning, running, and execution of a meeting.

The premise being that traditional offline tools make for a lot of wasted time because meetings lack focus and ‘memory’ – you have to be there to know what went down and even if you were, often the answer is not a lot or there at least exists no actual record. Shifting these tools to the Cloud – the yaM app runs completely in a web browser – and improving them along the way is supposed to help with this. The startup broke cover at our recent TechCrunch Moscow event.

yaM says it will use the new funding to accelerate product integrations with iPad and other tablets, Google App Marketplace, Yammer, Jive Networks. Additionally, money will be spent on marketing the app in the U.S.

To that end, the current yaM app offers a tabbed and notepad-like Interface – not far from being tablet ready, one suspects – to a suite of real-time collaboration tools to let meeting participants take part in trackable brainstorming sessions, SWOT and pro/con analyses, “action item prioritization”, and other meeting techniques and methods – all of which, if utilized, can make meetings more valuable, apparently.

As for the name, yaM actually stands for ‘yet another meeting’. Its founder is Anatoly Gaverdoskiy, a serial entrepreneur, including founding California-based InvisibleCRM, while the business model is a classic freemium play, The free version will be limited to a set number of meetings after which you pay a monthly subscription for unlimited meetings, storage and added security.

Source: yaM Labs Secures $500K To Take Meeting Management To The Cloud

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