Punxsutawney Phil may have got it wrong. Based on the flurry of new digital camera announcements yesterday, Spring is on its way.
Digital camera makers typically launch a round of product updates about this time in order to catch the spring holidaymakers, and the early summer vacationers. Today both Fujifilm and Olympus announced their new Spring line up.
In spite of all the excitement around the App Store “gold rush”, investors have been wary of backing companies on the basis of a single mobile application.
“Historically, VC investment into mobile apps has been a black hole,” one London venture capitalist told me earlier last year – great for small teams of developers but hardly the basis of a lasting company.
Which makes it all the more interesting that Amadeus Capital Partners and Eden Ventures have just put £1m ($1.6m) into Ambient Industries, maker of location-based iPhone app Flook.
Ustream, the internet live-video streaming service, has announced a $75m venture-capital roundled by Japan’s Softbank , primarily aimed at funding Asian expansion.
The Silicon Valley company said the second-round investment would help to fuel its growth in the US and Asia, specifically in Japan, China, Korea and India.
Giving individuals in China the ability to broadcast their thoughts live to the world sounds a risky business for any startup at present, but John Ham, chief executive, told me they would tread carefully.