Because opening up the site just wasn't enough, apparently: Facebook is branching into a new role as an investor. The company has announced a new program called FBFund to provide grants to developers who are interested in creating applications for the Facebook Platform. FBFund, with cash infused by Facebook investors Accel Partners and the Founders Fund, will start with $10 million and will provide $25,000-$250,000 grants to developers who apply for the program. The fund's investment committee will consist of Facebook founder Mark Zuckerberg, vice president of product marketing and operations Charmath Palihapitaya, and board … Read more
Complex as they are, most robots solve dilemmas in a basic way: they fight each other. Then Michael Bay films it, charges $10 a ticket, and everyone enjoys the marvelous robots-kicking-the-crap-out-of-each-other show.
But there are plenty of robots that have no appetite for destruction. What about these robots, ones that have to rely on personality, artifical wits, social skills, and dance moves in order to survive?
Even if they banded together, these robots couldn't fight their … Read more
Bay is a typical Silicon Valley venture firm, operating three large funds. AppFactory will draw resources from the latest, a $300 million pile of cash and commitments that Bay will funnel, in chunks as small as $25,000, to promising Facebook developers.
Unlike its larger and more traditional technology investments, Bay will not run its AppFactory candidates through weeks or months of due diligence. At the funding levels it's thinking about, it's not worth the effort. In … Read more
Braccia "quietly quit" his post at Yahoo, where he had worked since 1998, earlier this month, VentureBeat reports. At Yahoo, he had been a major player in the development of Yahoo Answers, the company's successful Q&A service.
According to the VentureBeat article, Braccia "says he's passionate about the consumer Internet, and says he believes we're still at the very early stages of … Read more