Friday 3 August 2012
Thursday 2 August 2012
Wednesday 1 August 2012
Box powers data management bubble
Today, Box has raised a big $125 million growth round according to AllThingsD.The company is now worth $1.2 billion.
Box has raised $284 million to date -- about $30 million more than its file sharing and storing competitor Dropbox which has a $4 billion valuation. Grown-up investors participated - General Atlantic, a Facebook investor, led Box's funding round. Social + Capital Partnership, an investment firm started by early Facebook employee Chamath Palihapitiya, also participated along with two other institutional investors.
We say that the data management/storage market is way over heated and hyper competitive. now the big boys such as google, apple and amazon have entered the market the independents cost of customer acquisition and retention has sky rocketed. To keep up they are forced to give away increasingly generous allocations of free storage. This obviously unsustainable.
Its forced us to change our plans for our data management product as we cant see how these guys will ever make money on current models
Box has raised $284 million to date -- about $30 million more than its file sharing and storing competitor Dropbox which has a $4 billion valuation. Grown-up investors participated - General Atlantic, a Facebook investor, led Box's funding round. Social + Capital Partnership, an investment firm started by early Facebook employee Chamath Palihapitiya, also participated along with two other institutional investors.
We say that the data management/storage market is way over heated and hyper competitive. now the big boys such as google, apple and amazon have entered the market the independents cost of customer acquisition and retention has sky rocketed. To keep up they are forced to give away increasingly generous allocations of free storage. This obviously unsustainable.
Its forced us to change our plans for our data management product as we cant see how these guys will ever make money on current models
Tuesday 31 July 2012
The Greatest
Well done Michael Phelps.
19 olympic medals (of which 15 are gold).
Greatest Olympian of all time.
What an inspiration. Testimony to focus and hard work.
19 olympic medals (of which 15 are gold).
Greatest Olympian of all time.
What an inspiration. Testimony to focus and hard work.
Monday 23 July 2012
Wednesday 28 March 2012
Mobile's killing the news media
Michael Wolff can be seriously bitchy but this piece is well balanced and well worth a read.
http://www.guardian.co.uk/commentisfree/cifamerica/2012/mar/27/mobile-news-media-imploding
http://www.guardian.co.uk/commentisfree/cifamerica/2012/mar/27/mobile-news-media-imploding
Tuesday 17 January 2012
Tortoise & Hare
While it will have taken the newspaper industry over 100 years to create the infrastructure needed to reach 1.8 billion readers it will have taken the technology industry less than 10 years to achieve comparable reach!
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