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

The buzz around the stratospheric private market valuations of US technology groups such as Facebook, Groupon and Living Social is spreading to Europe, as investors seek to make the most of growth opportunities in internet companies.

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Forget Apple TV, Google TV and YouView. Games consoles are going to be
the main way that people view online video on their TV sets in the
next couple of years, according to Simon Calver, chief executive of
Lovefilm, which both posts DVDs and streams films over the internet to
subscribers. Read more

Lovefilm’s £200m takeover by Amazon has reopened the usual debate about European tech start-ups.

Sure, it’s a great exit for Lovefilm’s management and investors. But as one entrepreneur friend said to me upon hearing the news: “Yet another one gone to the USA then.” Read more