The Number 10 adviser behind London’s Tech City project, Rohan Silva, is to leave Downing Street this summer to become an entrepreneur himself.
A champion of innovation, behavioural economics and “open data” in government, Mr Silva confirmed his departure to the Financial Times late on Tuesday night, after reports first emerged on Sky News. Read more
Angry Birds developer Rovio has already become the first app maker to successfully transfer its brand from digital to physical, with all sorts of merchandising and toys.
Now the Finnish company is making its most ambitious play yet to become – in its words – a “fully fledged entertainment powerhouse” with the launch of a weekly cartoon series this weekend. Read more
The so-called PayPal mafia is a force to be reckoned with in Silicon Valley: Max Levchin joining the Yahoo board is just the latest example of a network that spans Facebook, YouTube, Yammer, LinkedIn, Square and – with Elon Musk’s SpaceX – the edge of the earth’s atmosphere.
In the British start-up world, the closest analogy is Lovefilm. The DVDs-by-post turned video-on-demand service was acquired by Amazon in January 2011, but even before that, had started the careers of many London tech-scene notables.
Now, Adam Valkin – a co-founder and sometime chief executive of Lovefilm, who went on to join TV producer Endemol and, three years ago, Accel Partners’ London office – is helping to take the Lovefilm mafia abroad. Read more
Two of the three founders of Last.fm, the original Silicon Roundabout success story, have arrived back on the London tech scene to launch a new service that helps people discover popular web pages.
Felix Miller and Martin Stiksel, who sold their music “scrobbling” service Last.fm to CBS in $280m in 2007, announced their new venture Lumi in a blog post on Tuesday. Read more
SkyDox, the online document sharing company, has bought its larger US rival Workshare and raised £20m from venture capital groups in order to create a stronger UK challenger in the market for online work collaboration.
Anthony Foy, chief executive of Brick Lane-based SkyDox, said the combination of the two companies, which creates an entity with annual revenues of around £20m, would allow them to better challenge rivals such as Box and Dropbox in a fast-growing market. Read more
It has not been a great week for Sony employees, as the Japanese consumer electronics group carries out some late-summer pruning on its businesses. Around 1,000 people at Sony Mobile’s operations are to be let go, with two-thirds of the redundancies falling in Lund, Sweden, as the headquarters of the mobile phone unit moves to Japan.
This was widely expected after Sony bought out Ericsson from their Sony Ericsson joint venture last year. In April this year, Sony had announced plans to cut 10,000 jobs globally. About half of these would come from the sale and spin-off of two subsidiaries, but detail about the rest is just starting to trickle through. Read more