“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.
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
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
Roy and Eldar Tuvey, the British brothers who sold their startup ScanSafe to Cisco for up to $183m in 2010, have announced a new venture, this time in mobile services.
Wandera helps companies save money on data roaming by compressing data in the cloud before it is sent to an employee’s phone or tablet. On Wednesday it received $7m in backing from Bessemer Venture Partners, whose past investments include Skype, Box and Linkedin. Read more
TransferWise, the money-moving service launched by former Skype director of strategy Taavet Hinrikus, is allowing start-ups to transfer up to $100m between different currencies without paying any fees.
The offer is open to 1,000 businesses that launched in the past two years on a first-come, first-served basis; they can transfer up to $100,000 each over the next year. TransferWise would normally collect around $500,000 in fees on the whole lot – $3m or so less, it estimates, than banks would. Read more
From the newspaper that brought you “How to spend it”, we now bring you “How to spend it: bitcoin edition”.
Looking for a guitar, a new Samsung tablet, or even some real estate? Open up that digital wallet and fork over your virtual currency.
Bitcoin hit another high today, leaving sceptical pundits in its wake as it broke through the $200 level. The currency is mostly seen as a store of value – with the FT’s Izabella Kaminska adroitly pointing out that it might serve as a type of online memory more than a monetary unit – but that doesn’t mean you can’t spend it.