Startups

With the success of companies like Tumblr, Foursquare, and Kickstarter, New York's startup scene has gotten a lot of attention recently.

But despite the influence of those outfits and venture capitalists like Union Square Ventures' Fred Wilson, the Big Apple is a backwater when it comes to the world startup scene, according to a new report from the Startup Genome project.

In the study, New York City came in as just the fifth-ranked startup ecosystem in the world, trailing Silicon Valley, Israel's Tel Aviv, Los Angeles, and Seattle.

To come up with its rankings, the Startup Genome -- … Read more

Steve Case, who made his vast fortune as the co-founder of America Online, wants to help America's startup scene flourish. Not the scene in Silicon Valley, but in all the pockets between there and the East Coast -- what he calls the "rise of the rest." Cities like Cleveland, Memphis and Detroit. Through his Washington, D.C-based firm, Revolution, Case has invested in about 25 non-Valley startups, including LivingSocial and the now-public Zipcar.

That mission plays into his big cause at the moment, pushing to reform America's high-skilled immigration system so that the country keeps and … Read more

It looks like Uber has yet another legal hurdle to surmount, this time on its home turf in San Francisco.

The popular ride-summoning startup, which has recently dealt with regulatory challenges in Washington D.C., New York, and Chicago, is now being sued in San Francisco by the city's cab drivers, who are claiming unfair business practices.

The fast-growing service, which allows customers to use smartphones to arrange transportation in several U.S. cities, announced last month that in the San Francisco market it was testing out a taxi service option within the Uber app, alongside its existing sedan … Read more

DogVacay, the site that matches people who need a dog sitter with people who are interested in caring for dogs in their homes, is growing faster than a kibble-guzzling puppy.

The company, which launched in March and has about 8,000 hosts signed up on its network, recently hit $1 million in payments to its hosts. It's just received a $6 million investment from Benchmark Capital, co-founder and CEO Aaron Hirschhorn revealed today.

The site, which acts like an Airbnb for dogs, offers an affordable -- and more social -- alternative to kennels for dog owners, while giving hosts … Read more

Twitter co-founder and Square CEO Jack Dorsey has reiterated Twitter's cautious approach to being a public company by saying that a company's initial public offering shouldn't be the end-all for startups.

"You can think of an IPO as an exit or a goal, or you can think of it as more of a milestone. For us, it's a milestone," he told CNBC's Maria Bartiromo in a segment aired today.

When asked about Twitter's plan to become a public company, Dorsey said the company will go public "when we feel the company … Read more

Square is different than any other startup that has come before it, and its growing influence and size will inevitably lead to a change in the way entrepreneurs run their companies and venture capitalists invest.

There's no doubt that Square is on the rise, but it is set to accelerate its growth, thanks to a strategic investment from Starbucks that places Square's technology in front of millions of consumers. And thanks to Starbucks, Square's revenue and valuation are set to soar.

Perhaps this is why more pundits are calling Square "Silicon Valley's next great company,&… Read more

A decade after his startup Friendster paved the way for online social networks, Jonathan Abrams is back with a new social project. And as of today, he has some high-profile investors supporting his plan.

Nuzzel, a startup that collects all the most-shared links in your Facebook and Twitter feeds and presents them in a clean, easy-to-read format, raised $1.7 million in seed funding from investors including 500 Startups' Dave McClure, "The Lean Startup" author Eric Ries, Slide's Max Levchin, Andreessen Horowitz's Ronny Conway, and the Founders Den's Zachary Bogue, who is also the husband … Read more

Google Ventures, the search giant's venture-capital arm, is getting more cash to play with.

Google Ventures will now be allowed to invest up to $300 million a year into startups, up from the previous limit of $200 million per year. The boost was reported to Reuters by Google Ventures managing partner Bill Maris, who told the news outlet that the increased cash "puts a lot more wood behind the arrow if we need it."

Google Ventures kicked off in 2009 as a way for the search giant to identify early-stage companies and give them cash to help … Read more

Smartphone batteries may soon last twice as long -- if an MIT spinoff's power amplifier technology lives up to its promise.

The power amplifier is one of the most power-hungry pieces of hardware in a phone. It converts electricity into radio signals and consumes power in two basic modes: standby and output signal for sending out digital data. Such a chip wastes more than 65 percent of its energy, according to a report in the MIT Technology Review, and the only way to make it more efficient is by reducing the power used in standby. … Read more