Daily Archives: April 11, 2013

Foursquare’s future is veering toward e-commerce, as the company’s social media roots have failed to yield revenues strong enough to excite investors.

What began as a virtual social competition for clocking the most “check-ins” at local restaurants and coffee shops is evolving into a play for a cut of local retail business.

“Twenty per cent of Foursquare check-ins are happening at retail locations, like clothing stores and shoe stores,” said Dennis Crowley, Foursquare’s chief executive and co-founder. Read more

“Die, my dear doctor? That is the last thing I shall do.” — the last words of former British prime minister Lord Palmerston.

Of course, he never had to worry about leaving behind a Facebook profile, an email account, or other abandoned online haunts.

The question of what happens to our online real estate after we die is a sensitive subject, as people grow concerned that what gets left behind could be used illegally or, even worse, become a source of post-mortem embarrassment.

In an effort to address these issues, Google has rolled out “Inactive Account Manager”, which can be set up to delete an account, send messages, and even share data in the event of an untimely demise.

 Read more

Robert Cookson

Duedil, a start-up that provides information on every private company in the UK, has raised $5m in funding ahead of an expansion into more than a dozen countries across Europe.

The London-based company takes data from public and private databases and links it together to provide users with insights that would otherwise have been impossible to obtain. Read more

Richard Waters

A new technology platform needs new apps. And new apps need funding.

So it is that two of Silicon Valley’s best-known venture capital firms – Kleiner Perkins and Andreessen Horowitz – have got together with Google Ventures to offer money to developers working on ideas for Google Glass. According to Kleiner partner John Doerr, this “goes well beyond the the world of websites, documents and mobile apps”. Read more