Startups

Peter Molyneux and his team of six programmers at 22Cans scrambled to cope when their first game, Curiosity, arrived on Apple's App Store a day early and high demand walloped the company's servers.

Here's a blow-by-blow look at how the English startup struggled through the launch and eventually recovered its poise. For a look at Molyneux' plans for the cube-tapping game, check our related coverage of 22Cans' Curiosity and other video game plans.

October 31: 22Cans, a startup closely watched in gaming circles based on Molyneux's decades-long track record, posts on its Facebook page that its … Read more

For storied video game designer Peter Molyneux, November 6 was supposed to be the calm before the storm. But it became the storm itself when his newest project, Curiosity, arrived a day early and exploded in popularity.

Molyneux's new gaming startup, 22Cans, planned to launch Curiosity on November 7. Twenty-two hours ahead of time, though, Apple's App Store published the "experiment," which is something like letting thousands of people pop the same sheet of bubble wrap at the same time.

So began a roller-coaster ride that combined a humiliating server failure with an intriguing new take … Read more

Superstar angel investor Ron Conway will no longer be part of the team of investors giving money to the dozens of startups taking part each year in Y Combinator, one of the world's most prestigious incubators.

Y Combinator said today that it is sharply reducing the amount of venture funding each startup coming through the program is given. For the last two years, each team was seeded with $150,000 in funding from Conway, of SV Angel, Yuri Milner, and Andreessen Horowitz. Starting today, that amount has been slashed to $80,000 per team, the incubator said, as it … Read more

With the success of companies like Tumblr, Foursquare, and Kickstarter, New York's startup scene has gotten a lot of attention recently.

But despite the influence of those outfits and venture capitalists like Union Square Ventures' Fred Wilson, the Big Apple is a backwater when it comes to the world startup scene, according to a new report from the Startup Genome project.

In the study, New York City came in as just the fifth-ranked startup ecosystem in the world, trailing Silicon Valley, Israel's Tel Aviv, Los Angeles, and Seattle.

To come up with its rankings, the Startup Genome -- … Read more

Steve Case, who made his vast fortune as the co-founder of America Online, wants to help America's startup scene flourish. Not the scene in Silicon Valley, but in all the pockets between there and the East Coast -- what he calls the "rise of the rest." Cities like Cleveland, Memphis and Detroit. Through his Washington, D.C-based firm, Revolution, Case has invested in about 25 non-Valley startups, including LivingSocial and the now-public Zipcar.

That mission plays into his big cause at the moment, pushing to reform America's high-skilled immigration system so that the country keeps and … Read more

It looks like Uber has yet another legal hurdle to surmount, this time on its home turf in San Francisco.

The popular ride-summoning startup, which has recently dealt with regulatory challenges in Washington D.C., New York, and Chicago, is now being sued in San Francisco by the city's cab drivers, who are claiming unfair business practices.

The fast-growing service, which allows customers to use smartphones to arrange transportation in several U.S. cities, announced last month that in the San Francisco market it was testing out a taxi service option within the Uber app, alongside its existing sedan … Read more

DogVacay, the site that matches people who need a dog sitter with people who are interested in caring for dogs in their homes, is growing faster than a kibble-guzzling puppy.

The company, which launched in March and has about 8,000 hosts signed up on its network, recently hit $1 million in payments to its hosts. It's just received a $6 million investment from Benchmark Capital, co-founder and CEO Aaron Hirschhorn revealed today.

The site, which acts like an Airbnb for dogs, offers an affordable -- and more social -- alternative to kennels for dog owners, while giving hosts … Read more

Twitter co-founder and Square CEO Jack Dorsey has reiterated Twitter's cautious approach to being a public company by saying that a company's initial public offering shouldn't be the end-all for startups.

"You can think of an IPO as an exit or a goal, or you can think of it as more of a milestone. For us, it's a milestone," he told CNBC's Maria Bartiromo in a segment aired today.

When asked about Twitter's plan to become a public company, Dorsey said the company will go public "when we feel the company … Read more

Square is different than any other startup that has come before it, and its growing influence and size will inevitably lead to a change in the way entrepreneurs run their companies and venture capitalists invest.

There's no doubt that Square is on the rise, but it is set to accelerate its growth, thanks to a strategic investment from Starbucks that places Square's technology in front of millions of consumers. And thanks to Starbucks, Square's revenue and valuation are set to soar.

Perhaps this is why more pundits are calling Square "Silicon Valley's next great company,&… Read more