MySpace has opened the submission period for its Developer Challenge, a contest in which the company will award US$50,000 in prizes for new applications and for innovative uses of the social networking site's application programming interfaces.
External developers have until Feb. 24 to enter the contest, which includes a US$10,000 award in each of five categories: best new MySpace application and the most innovative uses of the real-time stream API, open search API, photo upload API and mobile API.
The panel of judges will include MySpace COO Mike Jones and Google Engineering Director David Glazer, MySpace announced on Monday. The winners will be announced at the Game Developers Conference in San Francisco in March.
To be eligible, contestants must be legal residents of the U.S., Canada (excluding Quebec), U.K., or Australia and be at least 18 years of age. Developers can participate as individuals or as part of a team of no more than three members.
Judges will evaluate applications and use of APIs according to four general criteria: originality, technical achievement, entertainment value and innovation.
MySpace also will host a free event called MySpace devJam on Jan. 14 at its San Francisco office to help developers get started on their applications for the contest, a company spokeswoman said via e-mail.
The developer contest comes on the heels of MySpace's decision about a month ago to open its users' public activity stream data to external developers via a new set of APIs.
MySpace wants developers to use these status updates and action notifications in external applications and in Web sites. MySpace has about 110 million members worldwide. They generate about 46 million status updates and action notifications every day.
Once the most popular social networking site in the world, MySpace lost that position to Facebook, but a new management team is trying to refocus MySpace so it can recover lost territory.
Source:
http://www.itnews.com/social-networking/12497/myspace-accepting-submissions-app-contest
Web Design Firms Chicago
Showing posts with label Myspace. Show all posts
Showing posts with label Myspace. Show all posts
Sunday, January 31, 2010
Wednesday, December 2, 2009
MySpace Music Arrives in The UK
MySpace Music, one of MySpace’s bright spots in an otherwise dreary picture, has just jumped across the pond and into the laps of UK’s music fans.The News Corp-owned company has just launched MySpace Music in the UK, bringing the music portal and its audio and video content to the island nation, as well as iTunes download options. It’s even bringing over the MySpace Music Charts, launched just a few weeks ago. This will be the fourth nation to have MySpace Music, after the US, New Zealand, and Australia (Australia).
To kick things off, the social network is also launching a marketing campaign called “Get Real Close.” It involves videos, playlists and exclusive content for UK users, starting with artists like Lost Prophets, 50 Cent, Kasabian, and Alicia Keys.
The move is no surprise and continues the evolution of MySpace (MySpace) from social network to content hub. Pushing the strongest elements of MySpace and phasing out the old is the only way MySpace can make a comeback.
Source:
http://mashable.com/2009/12/02/myspace-music-uk/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Mashable+(Mashable)
Chicago Website Design
Wednesday, October 14, 2009
Meebo tries to raise $25M in return of only 10% equity valuing the company at the whopping $250M
Meebo is a popular and rapidly growing web based instant messaging start up that was backed up by Sequoia Capital and is said to have roughly 4.6M unique visitors per month according to comScore’s publicly available stats. That’s valuing each of their visitors at the $54 mark, which is significantly more than what AOL has just recently paid for each of Bebo’s 22M visitors - $39 according our simple math. Many industry experts, commentators and bloggers have expressed their negative feelings about the potential deal and more concrete about its pre-money valuation. Anyone remember Slide and their pre-money valuation of $500M? Yet it was said then they had over 150M or so users worldwide, which, if true, valued their users at the $3 range.
Some analysts have even compared the deal’s value to the Bear Stearns one, which has just sold out for “only” $236M.
There is however something most of the technology blogs seem to have overlooked. Joshua Beil from Level 3 Communications has commented on one of the tech blogs that Meebo’s per user valuation could change quite substantially if one takes into account their unique visitors of the MeeboMe rooms widget. I’ve seen, he says, numbers in the 10-14M range and counting for just this application. Factor this in to the 4.6M uniques to Meebo.com and it’s at a discount to Bebo. We have no idea where he does take his numbers and what his affiliation with the company is, but if we take those numbers for real the $250M valuation does not sound ridicules anymore. In addition to that Venturebeat reports that Meebo has attracted 29 million monthly unique users worldwide, but they also say that some investors remain quite skeptical about Meebo and their business model. We have no clear idea where Venturebeat has come to that number of visitors.
The rumor is that Meebo has hired Montgomery & Co. to represent them in a new fundraising round that may value the company at a $250M. An interesting competition is forming on the scene there between Montgomery & Co. and Allen & Co., which is lately the investment bank behind pretty much all hot start ups that sold (got funded) or about to for hefty amounts (hefty valuations) in the valley such as Digg, Bebo, Slide, Technorati, among others.
What is also being said is that the company is looking to raise $25-30M in venture funding and if the valuation numbers are taken for real it means the VCs will take no more than 10% from Meebo. This is a whole lot more than the $60-70M that it was reportedly worth after a funding round last year.
Some big names in the social-networking space like Facebook and News Corp.’s MySpace.com are rumored to may possibly be interested in the deal. MySpace operates its own instant-messaging service, and Facebook is rumored to have one in the pipeline.
Montgomery and Co. has requested that all offers be in by Wednesday, and has told investors it has several parties interested at a valuation of $200M. The rumor goes here that at least one of the strategic investors isn’t interested in sharing the investment, preferring instead to buy Meebo entirely.
More about Meebo
Meebo launched in September 2005 and received funding from Sequoia Capital in December 2005 and Draper Fisher Jurvetson in January 2007. Today, Meebo’s users exchange over 100 million instant messages daily.In early 2007, Meebo gets another $9 million from Draper Fisher Jurvetson and Sequoia Capital. Skype’s lead investor and YouTube’s lead investor are teaming up. Tim Draper, one of the early investors in Skype, did the deal for DFJ. Meebo’s total funding is now $12.5 million.
More about Montgomery & Co.
Montgomery and Co. was founded in 1986 with a vision of providing strategic capital-formation advisory services to leading aerospace, defense and related technology companies.
Montgomery & Co. took advantage of the technology downturn and consolidation in the banking industry in 2000 to establish its reputation as the “go to” bank for growth companies that wished to evaluate their strategic options and raise capital. In doing so, Montgomery & Co. fulfilled its initial vision of providing a range of advisory services that encompassed M&A, private placements, comprehensive business-development analyses, and other value-added services.
In 2002 the firm was strengthened by investments from the world’s biggest bank, Mitsubishi UFJ, and West River Capital, of Seattle, WA. In 2003 the firm opened offices in Seattle, San Francisco and San Diego. At that time, the firm also significantly expanded its banking expertise within the Health Care and media industries, especially in the M&A practice.
In 2005, the firm was further strengthened by an investment from Tudor Investments which is the venture capital and private equity arm of Tudor Investment Corporation, an internationally recognized diversified investment management firm with $11.7 billion in assets.
Source:
http://web2innovations.com/money/2008/03/18/meebo-tries-to-raise-25m-in-return-of-only-10-equity-valuing-the-company-at-the-whopping-250m/
Professional Web Design
Some analysts have even compared the deal’s value to the Bear Stearns one, which has just sold out for “only” $236M.
There is however something most of the technology blogs seem to have overlooked. Joshua Beil from Level 3 Communications has commented on one of the tech blogs that Meebo’s per user valuation could change quite substantially if one takes into account their unique visitors of the MeeboMe rooms widget. I’ve seen, he says, numbers in the 10-14M range and counting for just this application. Factor this in to the 4.6M uniques to Meebo.com and it’s at a discount to Bebo. We have no idea where he does take his numbers and what his affiliation with the company is, but if we take those numbers for real the $250M valuation does not sound ridicules anymore. In addition to that Venturebeat reports that Meebo has attracted 29 million monthly unique users worldwide, but they also say that some investors remain quite skeptical about Meebo and their business model. We have no clear idea where Venturebeat has come to that number of visitors.
The rumor is that Meebo has hired Montgomery & Co. to represent them in a new fundraising round that may value the company at a $250M. An interesting competition is forming on the scene there between Montgomery & Co. and Allen & Co., which is lately the investment bank behind pretty much all hot start ups that sold (got funded) or about to for hefty amounts (hefty valuations) in the valley such as Digg, Bebo, Slide, Technorati, among others.
What is also being said is that the company is looking to raise $25-30M in venture funding and if the valuation numbers are taken for real it means the VCs will take no more than 10% from Meebo. This is a whole lot more than the $60-70M that it was reportedly worth after a funding round last year.
Some big names in the social-networking space like Facebook and News Corp.’s MySpace.com are rumored to may possibly be interested in the deal. MySpace operates its own instant-messaging service, and Facebook is rumored to have one in the pipeline.
Montgomery and Co. has requested that all offers be in by Wednesday, and has told investors it has several parties interested at a valuation of $200M. The rumor goes here that at least one of the strategic investors isn’t interested in sharing the investment, preferring instead to buy Meebo entirely.
More about Meebo
Meebo launched in September 2005 and received funding from Sequoia Capital in December 2005 and Draper Fisher Jurvetson in January 2007. Today, Meebo’s users exchange over 100 million instant messages daily.In early 2007, Meebo gets another $9 million from Draper Fisher Jurvetson and Sequoia Capital. Skype’s lead investor and YouTube’s lead investor are teaming up. Tim Draper, one of the early investors in Skype, did the deal for DFJ. Meebo’s total funding is now $12.5 million.
More about Montgomery & Co.
Montgomery and Co. was founded in 1986 with a vision of providing strategic capital-formation advisory services to leading aerospace, defense and related technology companies.
Montgomery & Co. took advantage of the technology downturn and consolidation in the banking industry in 2000 to establish its reputation as the “go to” bank for growth companies that wished to evaluate their strategic options and raise capital. In doing so, Montgomery & Co. fulfilled its initial vision of providing a range of advisory services that encompassed M&A, private placements, comprehensive business-development analyses, and other value-added services.
In 2002 the firm was strengthened by investments from the world’s biggest bank, Mitsubishi UFJ, and West River Capital, of Seattle, WA. In 2003 the firm opened offices in Seattle, San Francisco and San Diego. At that time, the firm also significantly expanded its banking expertise within the Health Care and media industries, especially in the M&A practice.
In 2005, the firm was further strengthened by an investment from Tudor Investments which is the venture capital and private equity arm of Tudor Investment Corporation, an internationally recognized diversified investment management firm with $11.7 billion in assets.
Source:
http://web2innovations.com/money/2008/03/18/meebo-tries-to-raise-25m-in-return-of-only-10-equity-valuing-the-company-at-the-whopping-250m/
Professional Web Design
Subscribe to:
Posts (Atom)