By Anthony | WRAL TechWire
By Anthony

By Anthony


Posts by By Anthony


Good luck with that funding: Q1 sees lowest VC investment in more than a decade

There are two new reports about the state of venture capital investing during the first three months of 2009, and they’re even bleaker than I expected. Remember when everyone was hoping that the economic downturn wouldn’t hit the tech industry as badly as after the last bubble? Well, on the VC side, things are actually worse than they were post-bubble — Q1 2009 saw the lowest amount of investing since either 1997 or 1998 (depending on whose numbers you’re using). Perhaps even more surprising, cleantech took the biggest hit by far. So here are the numbers: Venture firms invested...

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Salesforce launches MobileLite, free app for all its customers

Customer relationship management (CRM) software company is launching a free, scaled-down version of its mobile offering today called Mobile Lite. The Mobile Lite product will allow users to access up-to-date account information, log in their response leads and customer requests, review customer service requests and search for solutions, and update an account’s tasks and calendar. But what’s interesting about the announcement is less the product itself, and more its target: all 1.5 million subscribers to Salesforce CRM. Where mobile support was once something users had to pay extra for — either by ponying up an extra $50 per user...

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Amazon moves to make data more elastic in its ‘cloud’ computing service

Amazon has announced , dubbed Amazon Elastic Map Reduce, that combines the company’s cloud computing infrastructure with the Hadoop open source framework. Hadoop is based on the MapReduce programming model made famous by Google, and it basically involves breaking down large chunks of data and distributing them across multiple processors. For example, Yahoo runs Hadoop across 10,000 Linux clusters to produce data that’s used in its web search. And companies are already running Hadoop using Amazon’s Elastic Compute Cloud — that’s what The New York Times did to convert its public domain archives into PDF documents. Still, implementing Hadoop...

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With zero IPOs, venture liquidity drought continues

There’s new data today from Dow Jones VentureSource confirming (again) that things are looking very, very bad for venture-backed startups seeking an exit — in fact, VentureSource describes this as the worst liquidity drought on record. (It started tracking this data back in 1992.) The most striking fact is one that we didn’t need a research group to tell us — that it’s been eight months since the last venture-backed company completed an initial public offering. Things are looking pretty gloomy for mergers and acquisitions too, which earned a total of $3.2 billion in 68 deals during the first...

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IBM makes big online collaboration move with LotusLive Engage

IBM is making a big move into the online collaboration market with a new product called LotusLive Engage, which it will be demonstrating Wednesday at the Web 2.0 Expo in San Francisco. Engage appears to be the most comprehensive service yet offered under IBM’s LotusLive umbrella of web-based businesses services. The heart of the product appears to be a web meeting service, but just as Cisco says it wants to build a collaboration suite around its WebEx meeting service, IBM says Engage is “not a new meeting service, just a smarter one,” and that it “extends your online meeting...

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‘Open Cloud’ manifesto backers include Red Hat, rPath, NCSU – and many more

News of an has irked Microsoft and left a number of other companies scratching their heads. The document, whichwas published early Monday, aspires to set standards for cloud computing, an area in which many big tech companies are heavily invested, Microsoft included. (In the Triangle, cloud players include IBM as well as Red Hat and venture-backed startup rPath. [In fact, IBM, Red Hat, rPath. North Carolina State University, EMC, Cisco and AT&T are listed as "Open Cloud" supporters.) Word of the manifesto came out yesterday, when Reuven Cohen of cloud computing startup Enomaly announcing the document. Many of the...

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Obama administration to tighten regulation on venture capitalists?

Venture capitalists may soon be facing more stringent reporting requirements, according to about the Obama administration’s plans to overhaul the country’s financial regulations. But many details still need to be filled in, and there will probably be plenty of debate and revision before anything actually becomes law. Geithner’s proposal would (for the first time) require hedge fund, private equity, and venture capital fund advisers to register with the Securities and Exchange Commission and to regularly report information so agencies can assess “whether the fund or fund family is so large or highly leveraged that it poses a threat to...

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TheFunded reveals blacklisted VCs

, the site that allows entrepreneurs to anonymously review and rate venture capitalists, has that are banned from the site’s leaderboards. What did these firms do to get on TheFunded’s blacklist? Founder Adeo Ressi says there are three possible reasons: Suspicious activity suggesting the firms pressured chief executives in...

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