Salesforce.com's US$25 million venture capital fund is great for developers, say analysts -- as long as providing support costs to a global market doesn't kill the start-ups.
John Doerr, the venture capitalist known for his investment in Google, is now showing his love for Apple with a $100 million fund for iPhone application developers.
Although sites like Facebook and YouTube have been a raging success, many bomb. This means that venture capital (VC) firms will not back a new Internet idea until it has proven its potential -- often with the funding of "angel" investors.
Sometimes, it's not easy to leave the Googleplex. Even for the many millionaires among the search giant's pre-IPO employees, there's great appeal to a workplace that prizes creativity and rewards its employees -- of course, there's also the cachet of working at one of the hottest tech companies in the world, a virtual Shangri-La for the geek set.
The Building on IT Strengths incubator (BITS) program has had 31 companies graduate from the program in the first two years of its existence, according to the Department of Communication, Information Technology and the Arts.
The funding picture for Australian tech start-ups remains as bleak as ever.
Eighteen months after the Federal Government severed an important lifeline for innovative Australian start-ups, a new $196 million program has been announced to help fill the Australian funding void. But will it really help?
Two entrepreneurs flying the flag for Australia at the prestigious DemoFall 09 showcase in Silicon Valley last week made their presence known in the best possible way: by beating 70 other attendees to be named the best enterprise product.
Silicon Valley-based wireless technology start-up Quantenna Communications is planning to open a 30 to 50-person research facility in Australia following an injection of venture capital by the Australian-US fund Southern Cross Venture Partners.
Assets of the Australian MPEG-21 video compression technology company Enikos are up for sale, with investors unwilling to fund its further development.
Ten years ago they were the young turks of Australia's business community; radical free-thinkers on the path to fame and riches. Shortly after, all those dreams came crashing down. But where are Australia's first dotcom moguls today, and what are they up to?
Reality has been cruel to virtual worlds, with most failing to live up to expectations, especially in business environments. Did analysts get that right or are they also guilty of second-degree Second Life hyping?
Eric Benhamou, former chief executive of both 3Com and Palm, has just joined the board of Finjan and taken a minority stake in the web security company through his venture capital fund, Benhamou Global Ventures.
Will the Australian government make the same mistakes with biotechnology that it has with information technology? All too likely, says a leading industry commentator.
MySQL chief Marten Mickos discusses software patents, Oracle, making money with open source and why his company is the Ikea of the database world.
To be a networking player in 2003, Wi-Fi is not just a good idea. It is not an option. It is an absolute essential. But don't let the whiff of industry fashion fool you. Despite the best efforts of the hype-meisters, this revolution is showing signs of keeping its feet on the ground.
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