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
Interesting commentary from around the Web on a tech story that made headlines last week.
Despite an unexpected delay, the release of Apple’s updated iTunes on Thursday was generally well-reviewed by tech bloggers. Its simple interface and speedy performance was seen as a major upgrade. However, questions lingered over whether it would keep iTunes at the forefront in a new world of music subscription services like Spotify and Rdio. Read more
Logitech, the computer peripherals maker that has seen keyboards and mice sales hit by the advent of the smartphone and tablet, is expanding its premium Ultimate Ears (UE) brand to become a mass-market name for products that meet the musical needs of the Apple-led mobile crowd.
This necessary shift – Logitech admitted last year it had missed opportunities in this newer market – begins with the launch today of Logitech UE headphones, speakers and even an internet radio. Read more
Spotify’s international expansion after launching in the US last year is reflected in big leaps in both revenues and losses for 2011. The digital music service’s annual report, recently filed in Luxembourg, showed its revenues more than doubled from €73.9m in 2010 to €187.8m. But at the same time, losses grew by 59 per cent to €45.4m last year. Read more