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VC investment momentum continues in third quarter

Things are getting better for entrepreneurs, according to data released Tuesday by information services provider Chubby Brain.

Venture investment hit a multi-year low in the first quarter of 2009, reaching $5.3 billion in the second quarter and jumping a respectable 14 percent to $6.1 billion in the third quarter of 2009.

Statistics in The Pulse of the Innovation Economy report for Q309 certainly help quantify a resurgence in Silicon Valley, but we can't forget that entrepreneurs drive innovation, while venture capitalists facilitate it. Yes, money is often necessary, but the entrepreneurial need to solve complex problems is what has propelled the information economy.

A few highlights:

Invested dollars went up by 14 percent, with an 11 percent increase in number of deals September seemed to be right time to raise money with 40 percent of third-quarter deals occurring in the month California, and specifically the San Francisco Bay Area and Silicon Valley is the most likely location to raise money. Health care investing saw the most activity while green investors sat on their recycling cans

It should come as no surprise that the San Francisco Bay Area/Silicon Valley is responsible for a large portion of third-quarter funding, taking 7 of the top 10 ranking spots. This is not a knock against other geographies, just a realistic recognition of how densely packed the valley is with VCs. … Read more

What we Craved this week: Pulsing brains, in 3D!

This week we were all over the place on Crave. We had some DIY hacks to create your own Street View experience (again, we're not sure why you'd want to, but hey, go for it). We talked about a hybrid cellular/satellite phone that's on its way to AT&T.

We also got a first look at Windows 7's new compatibility badge. Yes, it features the Windows Flag. Verizon officialized the HTC Imagio, its first device running Windows Mobile 6.5. Having played with WinMo 6.5 all day Friday I can say: it's … Read more

The 404 436: Where we're different by choice

We're very proud and excited to welcome Beck's Beer back as our official show sponsor for the month of October, as you can see by the advertisement over yonder. You know what that means, right? All month long we'll be bringing back the Semi-Weekly Audio Draft Pick, sponsored by Beck's Beer in conjunction with Last.fm. That's a lot to say, so if you can think of a better title for the segment (maybe even a funny acronym involving beer), shoot us a line at the404(at)cnet[dot]com. Just like in July, we'll be introducing you to some of our favorite musicians and playing their music on the show every Tuesday and Friday for the next month, so be excited, and if you have any suggestions, well, tweet us.

OMGWTFBBQ! The Robsham Theater Arts Center from Boston College is putting on a musical comedy inspired by songs by our buddy Jonathan Coulton! If you didn't hear his live performance the last time he was on The 404, go check it out and get ready for some musical theater. Luke Jorgenson, the associate theater professor at BC, was "taken by Coulton's satire of office life and technology," which inspired him to produce the script. We're very psyched for Jonathan. Congrats, buddy!

Next up in the news, we've got a few iffy Sony PS3 ads to show you guys. The first one is a picture of a stereotypical gamer giving a blood transfusion to someone that looks a lot like Erwin Rommel, aka "The Desert Fox" and a German General in World War II. The other one features the same gamer, but this time he's giving his heart to Joan of Arc. Like, literally giving his heart in a celebratory transplant. Yikes, Sony--what message are you guys trying to convey here?

Next, we play a brief PSA video to kick off Breast Cancer Awareness Month, a subject that is very dear to our hearts. The video is played in jest, and of course we have to make a few jokes about the steamy subject matter, but Breast Cancer itself is very real, so all month we'll be supporting the cause.

Have an awesome Thursday, everyone!

EPISODE 436 Subscribe in iTunes audio | Suscribe to iTunes (video) | Subscribe in RSS Audio | Subscribe in RSS VideoRead more

BOL 1074: Forget the tablet, let's hype the Courier

While the Apple Tablet is much more fashionable to hype, the Microsoft Courier turns out to be very hype-worthy. We also find out, once again, that Rafe knows where he works. And the U.S. has relaxed its grip on the Internet. Good thing? Bad thing? Irrelevant thing? Or over-hyped thing like an Apple tablet?

Subscribe with iTunes (audio) Subscribe with iTunes (video) Subscribe with RSS (audio) Subscribe with RSS (video) EPISODE 1074

Everything we know about Apple’s touch-screen tablet http://www.wired.com/gadgetlab/2009/09/apple-tablet-everything/ http://gizmodo.com/5370252/apple-tablet-aiming-to-redefine-newspapers-textbooks-and-magazines

Microsoft’s Courier tablet details emerge … Read more

Brain thing acts as CPU meter, enters your nightmares

I like Japanese artist Mio Lizawa because he's the kind of guy who sits around and thinks, "My, wouldn't it be great if my PC had some sort of pulsating, frightening, brain-like thing hanging out of the side of it?" and then goes out and builds just such a thing.

"Mechanical Tumor" is art. At least I think it is. And it's functional: the more CPU usage his computer is experiencing, the larger the, uh, thing gets. Write a letter to grandma and it sits there rather quietly. Start playing Warcraft and it … Read more

BOL 1035: Gadget of the year 2006

CNET's Donald Bell previewed the Zune HD and it brought him tears of joy. But the rest of us think it's about three years too late. We also debate the need for Google to get into the video codec game and whether you need a Pico projector in your camera.

Subscribe with iTunes (audio) Subscribe with iTunes (video) Subscribe with RSS (audio) Subscribe with RSS (video) EPISODE 1035

Google acquires On2 video compression company http://gigaom.com/2009/08/05/google-on2-deal/ http://news.cnet.com/8301-1023_3-10303488-93.html

…and sells off radio automation http://news.cnet.com/8301-1001_3-10303498-92.htmlRead more

BOL 1027: What's your major smellfunction?

On today's episode, we invent a new word that we hope will show up on a show like "The Hills" sometime soon. Plus, we get fired up, make terrible jokes about monkeys controlling computers with their brains, and actually work in a tiny bit of news. For example, Apple's doing a tablet and music labels are trying to sell some new weird digital album thing. You might like the "fired up" part better.

Subscribe now: iTunes (audio) | iTunes (video) | RSS (audio) | RSS (video) EPISODE 1027

Apple partners with music labels for interactive content for new netbook -- Sept

Microsoft in new EU browser offer

Confusion at Best Buy over rumors of a $99 Palm Pre

Installing Pre homebrew apps: now even easier

Netflix Prize: And the $1 Million Winner Is...?

ATandT blocks 4chan

AT&T said to block 4chan; pranksters fight back

Wi-Fi on ordinary cell phones

Aussie Net filtering trial deemed a success despite problems

Nissan's Forest AC blows wild scents through your ride, keeps you alert

Monkeys and scientists develop persistent "plug and play" control over brain-to-computer interfaceRead more

Artificial brain in 10 years, apocalypse soon after?

Understanding why we, as humans, do the things we do is one of the pieces of the puzzle of our existence. Too bad we may have to wait another 10 years for some definitive answers.

This week at the TED Global conference, Henry Markram, director of the Blue Brain Project, revealed that he and his team in Switzerland are aiming to build a functioning, artificial human brain within the next 10 years.

The team started out a few years ago by attempting to create a fully functioning artificial rat brain using the IBM supercomputer, Blue Gene. The thought was if they could successfully replicate a rat's brain, they would then leverage their knowledge to do the same with a human one.

When they began their experiment, the digital rat brain only fired neurons when prodded by a simulated electrical current. Recently, however, the neurons have begun spontaneously organizing themselves into a more complex pattern.

According to the scientists, this is the beginning of the self-organizing neurological patterns that eventually, in more complex mammal brains, become personality.… Read more

The mysterious world of venture funding statistics

Over the last few weeks, we've seen a bevy of numbers related to venture funding and the glimmer of hope that dollars are moving back into innovative new companies. Having raised a decent amount of venture capital and spent a lot of time with venture people, I do believe that new investments will help get the economy out of the gutter.

The big question is just how much is being invested and how does the data compare to months/years/decades gone by. Unfortunately, it's nearly impossible to tell due to inconsistencies in how the top two authorities, … Read more

Funding for iPhone start-ups passes $100 million

Recent data from Chubby Brain identifies $102.49 million in total VC/angel investment divided among 17 iPhone application start-ups.

The iPhone is a great mini-computer and may be the next big gaming platform, but I'm still struggling to get the math to work in terms of what a typical VC expects as their return on investment.

Macworld's App Guide lists more than 58,000 apps available for download with more coming online every day, though it's not clear that downloads are equating to sustained revenue for developers.

But, developing an iPhone application still seems like a good business move, provided you can market effectively and not fall into the boom and bust cycle that many applications find themselves in. … Read more