Derek Kean

31 Flips | 1 Magazine | 4 Likes | 7 Following | 4 Followers | @dkean | Keep up with Derek Kean on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Derek Kean”

A founder-friendly term sheet

When I invest (outside of YC) I make offers with the following term sheet. I’ve tried to make the terms reflect what I wanted when I was a founder. A …

Zynga Shuts Down OMGPOP One Year After Acquiring It For $200M

As the dust begins to settle following yesterday’s massive, sweeping layoffs at Zynga, the extent of the damage is becoming more clear.<p>Remember when Zynga acquired OMGPOP last year for roughly $200M dollars? Yeah, OMGPOP essentially no longer exists.<p>According to tweets from company employees and …

How $96,000 can buy you a top 10 ranking in the U.S. app store

Can you buy your way to the top of the app store? In a word, yes.<p>Apple may have killed AppGratis for being too good at driving installs, but the “boost effect” of big marketing campaigns, in-app promotions in popular apps, and other somewhat less savory means of driving big download numbers is …

Should Startups Go Big or Go Home? Or Is There Another Way?

As a kid (though one older than I’d care to admit), I really liked the Disney Channel film <i>Johnny Tsunami</i>. I doubt it’s the origin of the phrase, but …

Salesforce.com Gets Social, Adding ExactTarget's Social Media Power Through $2.5 Billion Deal

Salesforce.com and ExactTarget today announced that they have entered into an agreement under which Salesforce.com will acquire ExactTarget in a …

Mobile Payments Startup ZooZ Debuts In-Ad Payments (Yes, “Ad” Not “App”)

Fresh off its $2 million in Series A funding, in-app mobile payments platform ZooZ is announcing a new product today: in-ad payments. Yes, that’s right, “ad” not “app.” The big idea here is to streamline the checkout process for consumers by addressing some of the challenges with e-commerce on …

It always comes down to math

About a year ago, a 20-something rising star product guy at a hot startup turned to me and asked, “So are you a startup guy too?” As someone who has …

Paul Savage on Twitter: "And now @stripe are showing €uros ! Glad to hear they have launched in Ireland ! http://t.co/7fkQ8VI3LS"

San Francisco's Real Start-up Secret Sauce

Everywhere from New York City to Omaha would like to be the next tech start-up capital. Here's what actually makes Silicon Valley and San Francisco hotbeds of tech start-up activity.<p>I didn't grow up in Silicon Valley. My parents weren't engineers. My dad was a Navy pilot; my mom was a mom. I …

Joshua Gross

Carbon Ads

• Invite Only Network, hand approved publishers and advertisers.<br>• Single, Relevant ad that appeals to visitors of websites with common influence.<br>• A better …

Bidzy Launches As An E-Commerce Platform At Disrupt NY For Local Services Firms To Grab New Customers, One Last-Minute Bid At A Time

Bidzy, a new platform for connecting local services businesses with customers who need the service they offer in the next few hours, is launching at Disrupt NY 2013 today. Like the best ideas, Bidzy’s premise is simple: allow the customer to specify exactly what they want and the amount they are …

AppArchitect Lets Anyone Build iOS Apps, No Coding Or Templates Necessary

Easy app creation, outside of the land of Ruby and Python, has become a huge phenomenon in the last year. And the latest company to join the fold,AppArchitect, is launching straight from our Disrupt NY stage.<p>AppArchitect lets you build custom iPhone and iPad apps using a simple drag-and-drop …

Yelp Partners With Locu, Allowing Businesses To Post Menus, Daily Specials & Photos To Yelp In Real Time

Local business data provider Locu is announcing a partnership with Yelp today, in order to help update Yelp’s menus and other listings data with Locu’s real-time information directly from businesses. This will allow restaurants on Locu to distribute their menus and daily specials to Yelp, but it …

Raising money for the sake of raising money

What is a startup CEO’s primary job? It’s to keep the company financed. Usually that means raising money, and a great CEO will be able to effectively …

How an Australian startup raised $3M in seed funding from Silicon Valley

Canva founders Cameron Adams (CPO), Cliff Obrecht (COO), and Melanie Perkins (CEO)<p>The 15-hour flight from San Francisco to Sydney is a rough one for …

Andreessen Horowitz backs Shapeways, bringing 3D printing (and New York) out of the Silicon Valley fringes

<i>Though [Andreessen Horowitz] has invested in several New York-based start-ups, Mr. Farrell said, it sets the bar higher for them, largely because it</i> …

Stripe: More Processed in 24 Hours Than First Two Years

Popular online payments processing service Stripe hit an interesting milestone yesterday, processing more money in a single 24-hour period than in its first two full years in business.<p>Noted angel investor Paul Graham tweeted the fact a short while ago, and TNW confirmed its veracity with the …

Impact and Numbers from Uruguay's One Laptop per Child Program

The fact that Plan Ceibal hasn’t yet reached its full level in the classroom gives an indication of the disruptive impact it can have on teaching. For instance, vertical models are being challenged by the XO devices, which encourage group learning and put children in a position where they can teach …

124,000 H-1B Visa Applications in 5 Days for a mere 85,000 slots

Get ready to grimace: It wasn’t too surprising news that the H-1B visa cap was met in the first five days of open applications; interesting however was how far over the 85,000 ceiling applications managed to streak: all the way to 124,000, or 39,000 over the limit.<p>As ComputerWorld’s Patrick …

YAHOO SOURCE: Here's The Real Reason Marissa Mayer Bought A 17-Year-Old's Startup For $30 Million

Before Yahoo shut it down, Summly was a news aggregation app for smartphones.<p>The deal got a lot of attention because Summly's CEO is 17-year-old Nick D'Aloisio.<p>We found the deal strange from the get-go.<p>Three big reasons:<p>D'Aloisio is still going to high school in London, thousands of miles away from …

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To Innovate, Find What’s Hiding in Plain Sight

In our last post, we asked the question, “What’s the connection between counting squares and innovation?” In order to come up with the answer, we presented you with the following figure and asked you how many squares you could find. It turns out, the answer isn’t so simple.<p>It was clear that this …

Myntra Buys Fitiquette, A Disrupt Finalist With A Virtual Fitting Room, As India’s Online Fashion Market Heats Up

Fitiquette, a developer of virtual fitting room technology and a TC Disrupt finalist from September 2012, has been acquired by Myntra, one of the big fashion and lifestyle e-commerce companies in India.<p>Myntra plans to put San-Francisco-based Fitiquette, led by CEO/co-founder Andy Pandharikar, at …

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List of dying early-stage tech startups

In our Series A Crunch / Seed Investing Report, we found that companies receiving Seed or Angel financing, on average, raise their next round of …

Venture Capital

Why Rackspace Is Suing The Most Notorious Patent Troll In America - The Official Rackspace Blog

Today we drove a stake into the ground in our dogged fight against patent trolls – we sued one of the most notorious patent trolls in America.<p>Last …

Rackspace

Google Opens Up Registration For Its 2013 Code Jam Competition

Google has opened up registration for its 2013 Code Jam programming competition. Now in its 10th year, the company is inviting all participants with higher stakes on the line. This year, the top prize has grown to $15,000 and an automatic bid to the 2014 event.<p>It’s around this time of the year when …

How To Win The Bloodthirsty Battle For Tech Talent

Startups in San Francisco aren’t just hungry for tech talent: it’s a full-blown feeding frenzy. One startup founder masqueraded as a job hunter to test the waters.<p>How long will it be until recruiters are camping out at the SFO Arrivals terminal, hoping to be the first one to nab that incoming Ruby …

An acquisition is always a failure

I never intended to become a tech entrepreneur. Growing up in Baltimore, I was focused on Legos, Game Boy, my parents' video camera, and DOS computer …