Daily Archives: December 16, 2010

It has been around for fewer years than you can count on the fingers of one hand but the open wireless internet already feels like a birthright. For anyone with a touchscreen smartphone, it’s outlandish to think you couldn’t download any app – or tap into any internet service – you wanted.

The era of Wap and walled gardens, however, with all its limitations and frustrations, is not that far in the past. And the US, where the iPhone and its kind have made their biggest inroads, is about to put the new-found freedoms to their first serious test. Read more

The Twitter fund-raising led by John Doerr of Kleiner Perkins Caufield & Byers which values Twitter at $3.7bn is interesting in several  ways. One of them is what it says about the emerging rivalry between venture capitalists in Silicon Valley and those in New York.

Mr Doerr was known for Kleiner Perkins’ green energy investments, but the venerable venture capital outfit has recently been eager to get into the social media boom. It even conceded a valuation of Twitter high enough to beat out Yuri Milner of Digital Sky Technologies. Read more