Category: News

  • Pinterest Adds Notifications, Mentions, and Better Search to Mobile

    Pinterest is one of those services that is not yet as potent on mobile as it is on the desktop. At this point, I do most of my tweeting and Facebooking on my mobile device – and I’m not alone. But not so with Pinterest. I know for a fact that many of my Pinterest-fiend friends simply choose to not bother with Pinterest at all unless they’re sitting in front of their desktops. It’s just plain easier that way – that convenient little pin button in your browser, multiple tabs to find all of your Pinterest-worthy content to pin, you know, the things that make Pinterest a breeze on the web.

    Today, Pinterest is taking steps to make the mobile experience better with updates to their iOS and Android apps. Pinterest for iOS v 2.4 and Pinterest for Android v 1.5 are now available.

    First up, Pinterest is unveiling new search suggestions inside the app.

    “We’ll now suggest search terms as you type on mobile. You can also see recent searches you made from other places, so if you searched for a soup recipe from your computer, you can do the same search when you’re at the grocery store with just your phone to help you. It’s easy to delete these searches from your settings if you want to,” says Pinterest.

    As you can see, searching for something like “apple” now yields suggestions for apple-related content. This also works with user search. It’s a small, but useful improvement.

    The other additions to come along with today’s update are a long time coming, quite frankly. With the new versions, you can now @ mention other users. Both iOS and Android users can now get notifications as well.

    “Now you can see who commented on your pin or mentioned you whenever you have your phone handy. And if you can’t get enough, we’re also introducing push notifications so you can find out what’s happening without even opening the Pinterest app,” says Pinterest.

    The iOS update also brings a couple of new features, including the ability to “pin from more places more easily from the web.” This amounts to a prominent “+” button on the homescreen that lets you enter in the url of the item you wish to pin. Not quite as easy as with the desktop version of Pinterest, with that handy pin button, but it does help. iOS users can also now invite friends to group boards from the app.

  • New Salt Study: Low Salt Intake Not Supported

    A new report from the Institute of Medicine shows that, while high levels of sodium intake should be lowered, too little sodium intake could also be harmful.

    “These new studies support previous findings that reducing sodium from very high intake levels to moderate levels improves health,” said Brian Strom, a professor of public health and preventive medicine at the University of Pennsylvania. “But they also suggest that lowering sodium intake too much may actually increase a person’s risk of some health problems.”

    The studies reiterated that there is evidence that high sodium intake is associated with heart disease risk. However, it also found that studies showing that sodium intake below 2,300 mg per day lowers the risk of heart disease and stroke are too “inconsistent” to recommend extremely lowered sodium intake. Lower sodium intake was, in fact, found to be linked to “adverse health effects” for those with mid- to late-stage heart failure.

    Researchers stated that the average U.S. adult consumes 3,400 mg (one and one-half teaspoons) or more of sodium per day. Current recommendations on sodium intake suggest that adults ages 14 to 50 lower their sodium intake to 2,300 mg per day, and that adults over 50 and those with hypertension, diabetes, and chronic kidney disease lower their intake to 1,500 mg per day.

    Though the report calls current recommendations into question, it does not recommend an intake range for sodium. It also suggests that sodium could affect heart disease in ways other than blood pressure.

    “These studies make clear that looking at sodium’s effects on blood pressure is not enough to determine dietary sodium’s ultimate impact on health,” said Strom. “Changes in diet are more complex than simply changing a single mineral. More research is needed to understand these pathways.”

  • Google announces Gladstone, Missouri will be receiving Google Fiber

    kansas_city_google_fiber

    Google announced today that Gladstone, Missouri will be another recipient of Google Fiber. Gladstone’s city council voted to add the ultra-fast broadband service. Of course, Google says that it takes awhile to “plan, engineer, and start building our network in new communities,” so Gladstone residents will have to wait patiently until they can enjoy the brilliant service.

    Google also announced recently that Grandview, MO and Shawnee, KS will be receiving Fiber. Shawnee, Grandview, and Gladstone are all located just a few miles from Kansas City, the first city to launch the 1-gigabit-per-second service. Other cities that will eventually receive Fiber include Austin, TX and Provo, UT.

    Source: Google Fiber Blog

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  • Oscar Mayer Bacon Dogs Now A Reality

    The “105-year-old bacon lady” is going to love this. Oscar Mayer revealed over the weekend that it is now making “Bacon Dogs”. These are hot dogs made partially with bacon. To be exact, they’re made with turkey, chicken, pork and bacon, but they’re called bacon dogs, so hopefully they live up to their name.

    Given that bacon is possibly the Internet’s favorite food, it seems that this should generate some excitement.

    Last week, a story about a 105-year-old bacon-loving woman went viral when Oscar Mayer took her for a ride in their Weinermobile. Of course, this was only the latest in a series of old-people-and-meat campaigns from the company.

  • Firefox 21 Out Now On Desktop And Mobile

    Firefox 20 was a pretty big release for the Web browser. It added a new download messenger and per-window private browsing, both of which are pretty substantial additions. Firefox 21 isn’t quite as grandiose, but it does add a number of great new features for the Mozilla faithful.

    Firefox 21 has two big features – a social API that supports more than Facebook and an improved Do Not Track UI.

    The first is rather important as it opens up Firefox to more social networks. Lesser known social networks Cliqz, Mixi (Japan only) and msnNOW can now all be accessed right from a sidebar in Firefox without having to actually visit the site in question. It probably won’t be long now until somebody builds a Twitter sidebar in Firefox with the social API.

    The improved Do Not Track controls give users even more control over what they want advertisers to see. The previous Do Not Track dialog in Firefox only had two options – user says nothing and user says don’t track. Those two options are kept in Firefox 21 with a third option explicitly telling advertisers to track their movements across the Web. It’s a small addition, but an important one in the greater context of the Do Not Track debates.

    Other additions in Firefox 21 include the Firefox Health Report and suggestions on how to improve startup time. The two kind of go hand-in-hand as Firefox Health Report will suggest ideas on how to improve performance in Firefox which may have a direct influence on application startup time.

    As for Firefox for Android, here’s what you will see in the latest version:

  • Shipping Open Sans and Charis fonts for Web Content
  • Ability to save media files on long tap
  • Access to recent history through long tap of back/forward buttons
  • Polished UI based on Holo theme
  • You can grab Firefox 21 for desktop here, and Firefox 21 for Android here.

  • Top cable lobbyist: No ‘a la carte’ needed, cable companies already provide ‘unparalleled choice’

    NCTA Chief Powell A La Carte
    Are you fed up with paying an $80 cable bill every month for dozens of channels that you never even watch? Not to worry, says National Cable and Telecommunications Association chief Michael Powell: You’re actually being given “unparalleled choice” in your programming. Variety reports that Powell, speaking on Tuesday at a Senate subcommittee meeting to discuss the benefits of “a la carte” cable programming, said that it’s a “very serious question mark whether consumers would have lower bills or cheaper service as a result of a la carte” because consumers may end up having to pay the same amount for fewer channels. Powell also said that it would be a mistake to make significant revisions to the 1992 Cable Act because it “could even be counterproductive by introducing uncertainty and displacing or skewing the marketplace rivalries” that offer “unparalleled choice” to cable subscribers.

    Continue reading…

  • Hanging out with “We the Geeks”

    Note: Watch the first 'We the Geeks" Hangout on Thursday, May 16, at 2:00 p.m. EDT on WhiteHouse.gov and on the White House Google+ page. You can join the conversation on Twitter with the hashtag #WeTheGeeks.

    On May 16th, the White House is kicking off “We the Geeks,” a new series of Google+ Hangouts to highlight the future of science, technology, and innovation here in the United States. Topics such as commercial space exploration, science, technology, engineering, and math (STEM) education, turning science fiction to science fact, and others will be discussed with Administration officials and key private sector contributors.

    The first "We the Geeks" Hangout will focus on Grand Challenges, ambitious goals on a national or global scale that capture the imagination and demand advances in innovation and breakthroughs in science and technology. Grand Challenges are an important element of President Obama’s Strategy for American Innovation. On April 2nd, the President called on companies, research universities, foundations, and philanthropists to join with him in identifying and pursuing the Grand Challenges of the 21st century.

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  • IO Lines Up $260 Million Credit Line to Fund Modular Vision

    io-nj-modules

    A look inside an IO modular data center in Edison, New Jersey. The company has arranged a $260 million credit line. (Photo: Rich Miller)

    Modular data center specialist IO has arranged a new $260 million multi-year credit facility led by Wells Fargo, the company today. IO will use the money to continue to build out its platform of hardware and software to support its “Data Center 2.0″ initiative.

    IO’s existing lender group, consisting of Wells Fargo and Mutual Bank of Omaha, has been expanded to include Bank of America, Bank of Montreal, JPMorgan Chase Bank, Royal Bank of Canada, National Bank of Arizona, Goldman Sachs Lending Partners and Morgan Stanley Bank.

    “This new credit facility will help IO to continue to design, engineer and deliver the world’s leading software-defined data center technology,” said George Slessman, IO CEO and Product Architect. “Our IO Intelligent Control platform solves the data center needs of our customers in an efficient, scalable and cost-effective manner. We are pleased to continue our relationship with Wells Fargo and Mutual of Omaha, and welcome the new members of the bank group to IO.”

    IO has been a pioneer in the emerging market for modular data centers that are built in a factory using repeatable designs and can be shipped to either an IO data center or a customer premises.

    Late fall the Phoenix-based company raised $90 million in equity funding from a group led by New World Ventures, an investment arm of the Pritzker family. The investment round includes $50 million from New World and $40 million from IO’s existing backers, which include Sterling Partners and J.P. Morgan Asset Management.

  • Selena Gomez In A Bikini Gets The Internet Buzzing

    So what happens when Justin Bieber’s ex-girlfriend shows up in Miami wearing a bikini shortly after the release of her new single? Well, once the pictures hit the web, the reaction is swift. Just ask Selena Gomez, who, after her publicity-friendly appearance in revealing swimwear, is currently trending upward. Combine that with the fact that her new single is burning up the iTunes charts, Gomez is doing just fine without her Twitter-dominating ex-beau.

    Of course, that’s probably not the reason you clicked this particular story, and so, here are a couple pictures to give you an idea of what the high life looks like:

    Selena Gomez Bikini

    Selena Gomez Bikini

    PopSugar has an extended slideshow, if that’s your thing. As for her “Life without Justin” success, Selena’s “Come and Get It” YouTube video has close to 20 million views:


    As for her upcoming album, while she may be single, Gomez makes sure to keep invoking the Bieber name, which is probably a smart marketing move, all things considered. Having some of his popularity vicariously transport over to a career that also targets the “tween” demographic is, if nothing else, shrewd business:

    And though she may not be putting energy into dating, songwriting is a totally different story. She admits to penning a track on her new album just for Bieber, which she calls “personal” and adds “I’m sure he’ll love it, too.”

  • Larry Page Opens Up On Voice Condition, Funds Voice Health Research

    Last year, there began to be concerns about Google co-founder and CEO Larry Page’s health, after he did not appear at a company shareholders’ meeting, and then would not appear at Google I/O the following week or on an upcoming earnings call.

    Google had indicated that Page had lost his voice, and eventually, news came out that Page had sent an email to Google staff letting them know there was “nothing seriously wrong” with him, and that he would “continue to run the company.”

    Page has made a number of public speaking appearances since then, but his voice has never really recovered. It’s something others have commented on, but Page hasn’t really addressed. Until Now.

    Today, Page took to Google+ to explain the situation, which actually extends back fourteen years. It still sounds like there is nothing “seriously wrong” with him, meaning it doesn’t sound like he’s dying or anything, but it does sound like his voice may not recover. In his post, we also learn that he is funding some research related to the condition that he has. Here’s the post in its entirety:

    Larry Page

    About 14 years ago, I got a bad cold, and my voice became hoarse.  At the time I didn’t think much about it.  But my voice never fully recovered.  So I went to a doctor and was diagnosed with left vocal cord paralysis.  This is a nerve problem that causes your left vocal cord to not move properly.  Despite extensive examination, the doctors never identified a cause — though there was speculation of virus-based damage from my cold.  It is quite common in cases like these that a definitive cause is not found.

    While this condition never really affected me — other than having a slightly weaker voice than normal which some people think sounded a little funny — it naturally raised questions in my mind about my second vocal cord.  But I was told that sequential paralysis of one vocal cord following another is extremely rare.  

    Fast forward to last summer, when the same pattern repeated itself — a cold followed by a hoarse voice. Once again things didn’t fully improve, so I went in for a check-up and was told that my second vocal cord now had limited movement as well. Again, after a thorough examination, the doctors weren’t able to identify a cause.  

    Thankfully, after some initial recovery I’m fully able to do all I need to at home and at work, though my voice is softer than before. And giving long monologues is more tedious for me and probably the audience.  But overall over the last year there has been some improvement with people telling me they think I sound better.  Vocal cord nerve issues can also affect your breathing, so my ability to exercise at peak aerobic capacity is somewhat reduced.  That said, my friends still think I have way more stamina than them when we go kitesurfing!  And Sergey says I’m probably a better CEO because I choose my words more carefully.  So surprisingly, overall I am feeling very lucky.

    Interestingly, while the nerves for your vocal cords take quite different routes through your body, they both pass your thyroid.  So in searching for a cause for both nerves that was an obvious place to look. I was diagnosed with Hashimoto's thyroiditis in 2003.  This is a fairly common benign inflammatory condition of the thyroid which causes me no problems.  It is unclear if this is a factor in the vocal cord condition, or whether both conditions were triggered by a virus.

    In this journey I have learned a lot more about voice issues.  Though my condition seems to be very rare, there are a significant number of people who develop issues with one vocal nerve.  In seeing different specialists, I met one doctor — Dr. Steven Zeitels from the Harvard Medical School and the Massachusetts General Hospital Voice Center — who is really excited about the potential to improve vocal cord nerve function.  So I’ve arranged to fund a significant research program through the Voice Health Institute, which he will lead.  Thanks a bunch to my amazing wife Lucy, for her companionship through this journey and for helping oversee this project and get it off the ground.  Also, thanks to the many people who have helped with advice and information many of whom I have not had a chance to thank yet.

    Finally, we’ve put together a patient survey to gather information about other people with similar conditions.  As it’s fairly rare, there’s little data available today — and the team hopes that with more information they can make faster progress.  If you have similar symptoms you can fill it out here: voicehealth.org/ip


    VHI – Vocal Cord Paralysis/Paresis Survey
    VHI

  • IdX Receives $35 Mln Loan from LBC Credit Partners

    IdX has received a $35 million loan from LBC Credit Partners. IdX, a portfolio company of ACON Investments, is a producer of retail display fixtures. It is based in St. Louis, MO.

    PRESS RELEASE

    PHILADELPHIA, May 14, 2013 /PRNewswire/ — LBC Credit Partners (“LBC”), a leading provider of financing solutions to middle market companies, announced the completion of a $35.0 million senior secured term loan to idX, a portfolio company of ACON Investments (“ACON”). The financing was used to refinance existing debt and will provide support for idX to continue the execution of its strategic growth plan, including acquisitions and investments in its domestic and offshore operations.
    idX is a privately held company that specializes in retail display fixture manufacturing, logistics and project management. With over 20 years of experience working in domestic and international markets, idX has played an integral role in helping leading companies achieve their brand vision. The Company maintains seventeen facilities and offices worldwide housing over 2.5 million square feet of manufacturing and warehousing space, and over 1,000 dedicated idX employees.
    ACON and idX approached LBC Credit Partners for financing that would allow idX to invest in the infrastructure and enable idX to expand its position as a market leader in customized fixture solutions. LBC served as the Sole Lead Arranger, Sole Bookrunner and Administrative Agent for this transaction. With much expertise in both retail products and manufacturing markets, as well as in supporting growth, LBC’s knowledge of industry challenges and opportunities was integral to helping structure the deal. Additionally, idX appreciated LBC’s flexibility and ability to move quickly.
    With offices in Washington, Los Angeles, Madrid, Sao Paulo and Mexico City, ACON Investments is an international middle market private equity investment firm with over $2.5 billion of capital under management. ACON, founded in 1996, pursues a theme-based investment strategy by focusing on industries or businesses at key inflection points in their development and pursues these opportunities in close partnership with established management teams. Among ACON’s investors are some of the largest institutional investors in private equity, including major public pension funds and sovereign wealth funds.
    About LBC Credit Partners
    LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions. With over $1.25 billion of committed capital, LBC has made investments in companies located throughout North America across a wide range of industries and is committed to a long-term approach to debt investing. Headquartered in Philadelphia, LBC has offices in New York City and Chicago.

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  • Marshalls: Tiger Lied About Garcia Interference

    Marshalls in the Players Championship say Tiger Woods lied about getting their clearance to take the shot that interfered with Sergio Garcia’s last weekend.

    Woods readied his next shot before Garcia was finished, and when the crowd saw him take out his club, they erupted into cheers, which interfered with his own shot.

    “You have to pay attention to what’s going on because the other guy is hitting. You do something when you’re in the crowd and the crowd is going to respond,” an irritated Garcia said.

    Woods defended his actions by saying he’d been given the go-ahead: “The marshals, they told me he already hit, so I pulled a club and was getting ready to play my shot, and then I hear his comments afterward and it’s not real surprising that he’s complaining about something,” he said.

    But marshall Gary Anderson says that never happened.

    “He didn’t ask us nothing, and we didn’t say nothing. We’re told not to talk to the players,” Anderson said.

    While it’s no secret that Woods and Garcia don’t like each other, this little tiff involves other people who never asked to be, and this is just another hit to Woods’ already questionable character.

    “Nothing was said to us and we certainly said nothing to him,” chief marshall John North said. “I was disappointed to hear him make those remarks. We’re there to help the players and enhance the experience of the fans. He was saying what was good for him. It lacked character.”

  • Samsung Galaxy Ace III gets Bluetooth SIG certification

    Samsung_galaxy_ace_2

    Samsung’s Galaxy Ace line has proven to be a decent mid-range handset, and we’d heard rumors about the Galaxy Ace III being just around the corner. On its latest trip through the rumor mill, The Ace III has received Bluetooth SIG certification and a model number GT-S7272, so it’s likely to be a dual-sim device if Samsung sticks to their naming conventions.

    Still no specs from this leak, but last we heard the device was going to sport an 800 x 480 screen powered by a dual-core A9 processor, and will possibly come in four different colors. Anyone excited for this device to become official?

    source: Bluetooth.org

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  • Apple preparing to wage war once again with Samsung, adds Samsung Galaxy S 4 to list of patent infringements

    Samsung_Apple_Patent_Infringement_Case

    Apple is currently preparing for its second patent infringement trial against Samsung scheduled for spring 2014, and plans to present 22 products that it believes infringe iOS user interface patents. Unsurprisingly, yesterday Apple announced that it has analyzed the Samsung Galaxy S 4 after its release and has since “concluded that it is an infringing device and accordingly intends to move for leave to add the Galaxy S 4 as an infringing product.”

    In order to add the Galaxy S 4 to this list, Apple will be forced to eliminate another Samsung product from the list, as Judge Lucy Koh has ordered the company to limit the number of patent claims and infringing devices ahead of the trial.

    There really isn’t any specific information pertaining to why exactly Apple believes the Galaxy S 4 infringes upon their own UI patents, but we’re sure some more information will be released as we come closer to the beginning of the trial.

    Source: SB Nation

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  • Omidyar Names Kubzansky VP Of Intellectual Capital

    Omidyar Network said Mike Kubzansky has joined the philanthropic firm in the newly created role of vice president, intellectual capital. Kubzansky will be based in Washington D.C. and lead efforts to analyze trends in philanthropy and impact investing. He was formerly a partner at the Monitor Group.

    PRESS RELEASE

    Omidyar Network Appoints Kubzansky Vice President, Intellectual Capital

    REDWOOD CITY, Calif., May 14, 2013 /PRNewswire/ — Omidyar Network today announced that Mike Kubzansky has joined the philanthropic investment firm in the newly created role of vice president, intellectual capital.  Based in Washington D.C., Kubzansky will lead efforts to identify, analyze and articulate the significant trends and developments in philanthropy and impact investing and couple them with the insights gained through Omidyar Network’s global work across five initiatives. Kubzansky was formerly a partner with Monitor Group (now Monitor Deloitte), where he co-founded and led Monitor’s Inclusive Markets practice from 2007 until he left to join Omidyar Network.

    “I am delighted to have Mike join Omidyar Network,” said Matt Bannick, Omidyar Network’s managing partner.  “Mike is a published thought leader with deep expertise in impact investing and businesses serving the needs of the world’s poorest populations.  We will benefit greatly from his substantial experience and insights across the private and public sectors.”

    While at Monitor Group, Kubzansky’s clients included commercial firms, investors, donor agencies and foundations.  He has consulted, researched, and published extensively on market-based solutions to poverty across emerging markets.  His work has appeared in a range of publications, including as articles in HBR, books published by Brooking Institution Press and reports sponsored by The Bill & Melinda Gates Foundation. Between stints at Monitor, Kubzansky spent six years at the World Bank Group.  He holds an M.B.A. from Northwestern University and an undergraduate degree from Brown University.

    ABOUT OMIDYAR NETWORK

    Omidyar Network is a philanthropic investment firm dedicated to harnessing the power of markets to create opportunity for people to improve their lives. Established in 2004 by eBay founder Pierre Omidyar and his wife Pam, the organization invests in and helps scale innovative organizations to catalyze economic and social change. To date, Omidyar Network has committed more than $611 million to for-profit companies and non-profit organizations that foster economic advancement and encourage individual participation across multiple investment areas, including entrepreneurship, financial inclusion, government transparency, property rights, and consumer Internet and mobile. To learn more, visit www.omidyar.com.

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  • Nokia is ‘very interested’ in tablets, executive hints at upcoming launch

    Nokia Lumia Tablet
    A Nokia executive has hinted once again that the company may release tablet in the future. Jo Harlow, Nokia’s executive vice president of smart devices, revealed during an interview with CNET that the company is “very interested” in tablets and it is a market that is being closely examined. Nokia CEO Stephen Elop has previously said that the company was studying the market “very closely,” leading many to speculate that an announcement of a Lumia tablet may be coming soon. Considering Nokia’s partnership with Microsoft, the rumored tablet will likely run either Windows 8 or Windows RT. Nokia remains the only major smartphone vendor yet to launch a modern tablet.

  • To Attract New Grads, Hire Like a Start-Up

    Something astonishing is happening to the market for young, smart labor. The luster of big prestigious firms, particularly on Wall Street, has dimmed: “The End of Wall Street as They Knew It,” goes a recent New York Magazine headline. A few months ago at Davos, CEOs complained about the brain drain affecting their companies.

    Where are all these people going? Increasingly to start-ups, which seem to have captured the public imagination, particularly among millennials (ages 18 to 29). In an opinion piece, Deloitte CEO Barry Salzberg says that millennials are increasingly thinking of finance, consulting, and corporate jobs as a “a tragedy of wasted minds.” Instead, they want “a career that actually matters” and “to know how they will make a positive difference in the world if they join your business.” According to a recent PayScale survey, Entrepreneurial Studies is now one of the most popular majors among this generation. And so, despite lacking resources, brand name, and job security of larger firms, start-ups are incredibly alluring — in fact, they get away with paying average salaries that are often 30 percent below market.

    How do start-ups accomplish this? We’ve noticed two main trends. First, start-ups have mastered the art of marketing themselves effectively toward millennials (many are run by them). Job descriptions and career pages at start-ups tend to emphasize meaning and impact. For example, a recent job ad by the dating start-up Grouper (which you can see online here) promises that work there will let you make a “dent in the universe.” The implication is twofold: that the world will benefit from your work, and that there’s personal glory in it for you.

    GrouperHiringHBR.png

    At Amicus, a different start-up that uses technology to help non-profits raise money more effectively, the first thing candidates see when they reach the careers page is that a cow will be donated in their name if they’re selected for the job. This appeals to recent graduates’ sense of humor and humanitarianism.

    AmicusHiringHBR

    Start-ups also carefully choose language that imbues their roles with meaning and excitement. A few years ago, it was trendy to look for people who were “coding ninjas” and “rock stars.” Today it’s “hackers” and “hustlers.” One of our clients advertised a position at their recently opened New York office as “‘The Wolf’ from Pulp Fiction.”

    But start-ups do more than just good marketing. A recent graduate put it best when he told us he wanted to work at a start-up because, “I’ll be managing a budget from day one and I’ll be doing something I actually believe in.” At start-ups, talented youth are given big responsibilities right off the bat. Whereas corporations often require a slow and painful process of “climbing up the ladder,” start-ups aren’t afraid to give young hires lots of ownership.

    Start-ups are also increasingly geared at solving social problems near and dear to millennials’ hearts. Amicus is one great example, among others like Silicon Valley’s TenderTree. Even start-ups that aren’t directly working on social issues tend to emphasize that they are doing something to improve the world. Airbnb, which allows users to rent rooms from other users, emphasizes that it is creating a more unified community and helping to build relationships through its service.

    Of course, in an economy that is still very much in recovery, most recent graduates are lucky if they can get a job at all. It is only the most talented and sought-after grads that have the luxury of choosing start-ups over Wall Street and corporate jobs. But the trend here is clear: Though Goldman Sachs and McKinsey were the top choices for Ivy League graduates five years ago, tech start-ups have now taken that place.

    In order to avoid being left behind, large corporations would do well to listen to the millennial ethos that emphasizes change and personal impact. Some specific steps these corporations should take:

    • Weave company values and impact-driven language into recruiting material, and overall company messaging.
    • Emphasize the company’s vision and mission to employees on an ongoing basis. Involve them in strategy conversations to make candidates feel they are a part of something they can impact.
    • Offer ample room to grow, and some leeway for employees to pursue their own ideas — like Google’s “20 percent time” policy.
    • Get better at identifying and promoting young talent early on. They likely won’t wait around for more than a year for that first promotion.
    • Consider offering sexy (often low-cost) perks, like start-ups do (e.g., free massages or an Uber car allowance). If this isn’t possible at the corporate level, give managers leeway to bestow these perks on a one-off basis, as rewards for exceptional work.
    • Offer equity in addition to salary. Millennials like to feel as though they have skin in the game.

    Unless corporations adapt their recruiting practices quickly, we will continue to see a brain drain away from corporations and toward start-ups — a trend that over the long term means the beginning of the end for the large company genus.

  • Connectify brings its broadband channel bonding service to the cloud

    Coming off a successful Kickstarter campaign to fund its Dispatch broadband aggregation software, Connectify is returning to the crowd-funding site for the next iteration of its product. This time around, the Philadelphia startup is developing a cloud-based packet parsing and channel bonding service called Switchboard designed to speed up video and other high-bandwidth content to your Mac or PC.

    According to Connectify, Dispatch — which went live in December — has some inherent limitations. While it was able to aggregate multiple wireline and wireless connections into a single fat pipe, allowing your Windows-based PC to take advantage of every available internet link, Dispatch could only ship certain types of content over one of those connections at any given time, Connectify President Bhana Grover said in an email.

    “This worked fantastically with multi-threaded applications like web browsing and Bittorrent,” Grover said. “But the feedback we got from our backers and customers was that they wanted a more robust connection aggregation technology: one that could speed up video streaming, uploads, and VPNs… and was Mac-compatible, too.”

    Switchboard basically works like a virtual private network (VPN). All of your internet connections — whether Wi-Fi, 3G or 4G — link to Connectify’s servers in the cloud. Those servers then go about dismantling content or files into their component packets and routing them over those different connections. Over Dispatch, a Netflix movie would stream over the highest-bandwidth connection available to the PC. If you were on public hotspot or cellular network that connection might be fairly slow. With Switchboard that single Netflix stream is split between multiple connections, resulting in faster buffering and better resolution.

    Connectify has developed a prototype for Switchboard on both the PC and Mac, but it wants to raise $100,000 in funds on Kickstarter over the next month to complete its user interface, develop customer management software and deploy its first cloud-based servers. As with Dispatch, Connectify plans to sell Switchboard on a subscription basis, but due to its software-as-a-service element Switchboard is setting capacity limits as well. That means the more data you consume via Switchboard, the more you pay. Backers of the project, however, will get early discounted access to the service this fall.

    Connectify Switchboard graphic

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  • High Road and Charter Oak Buy The Crown Group

    High Road Capital Partners and Charter Oak Equity will acquire The Crown Group from the Baer family. Crown is a coating solutions provider headquartered in Warren, Michigan. Quarton Partners provided financial advice to Crown in this transaction. No financial terms were disclosed.

    PRESS RELEASE

    BIRMINGHAM, Mich., May 14, 2013 /PRNewswire/ — Quarton Partners is pleased to announce that High Road Capital Partners has partnered with management and Charter Oak Equity to acquire The Crown Group, Inc. (“Crown”) from the Baer family, founders of Crown. Crown is a leading provider of high-quality coating services and solutions to the transportation, agriculture and general industrial end markets. Quarton Partners acted as the exclusive financial advisor to Crown in this transaction.
    “Crown’s disciplined and systematic operational approach, including the ability to seamlessly integrate itself in its customer’s supply chain and provide value-added logistics services, is highly valued by its customers for whom avoiding business interruption or delays is paramount,” said William Connell , High Road Partner. “We are excited to work with Crown’s outstanding management team and Charter Oak to drive multiple growth initiatives.”
    Frank Knoth , President of The Crown Group, said, “With the capital and operating support of High Road and Charter Oak, the management team looks forward to growing the business and continuing to provide best-in-class coating services to our customers.”
    Crown (www.thecrowngrp.com) is a leading provider of high quality coating solutions to industrial end markets. Crown is headquartered in Warren, Michigan and currently operates from seven manufacturing facilities in Shelby, Detroit, and Livonia, Michigan; Fort Wayne, Indiana; Portland, Tennessee; Greenville, South Carolina and Waterloo, Iowa. Crown’s range of coating technologies include electro-coating (“e-coating”), e-coating with powder coating topcoat and water-based wet painting.
    High Road Capital Partners (www.highroadcap.com) is a private equity firm focused on buying and building leading companies at the smaller end of the middle market. High Road Capital Partners was formed in 2007 and currently manages over $335 million of committed capital.
    Charter Oak Equity (www.charteroak-equity.com) is a private equity firm specializing in investments in middle market companies. Charter Oak Capital Partners is based in Westport, Connecticut.
    ABOUT QUARTON PARTNERS
    Quarton Partners (www.quartonpartners.com), headquartered in Birmingham, Michigan, is a premier middle market investment banking firm, serving privately held and publicly traded companies, as well as private equity firms. Quarton Partners assists its clients with mergers and acquisitions, private capital raising, restructurings, valuations and other financial advisory services. Its principals have successfully completed hundreds of engagements in a variety of industries across the U.S. and throughout the world. Quarton Partners is an affiliate of Spearhead Capital, LLC.

    The post High Road and Charter Oak Buy The Crown Group appeared first on peHUB.

  • Meet the 6 startups from the inaugural accelerator of French telco Orange

    French telco Orange has had a presence in Silicon Valley for over a decade. But on Monday night, the global giant — which has 231 million customers across 32 counties and 170,000 employees — announced its first three-month accelerator program that includes its first batch of six startups.

    OrangeThe companies range from hardware startups that can help customers in developing countries use their phones in new ways, to data companies that are focused on things like identity verification and keeping cloud-based transactions secure. The telco selected companies that were creating a positive impact “on the way we use networks to improve our lives and businesses,” said the Chairman and CEO of Orange, Stephane Richard. The 6 startups were selected out of more than 100 applicants.

    Working with startups isn’t really about funding companies — the startups have a potential to receive $20K from the program, but that’s more a token gesture than anything else. The real value of the partnership comes from the startups gaining access to Orange’s massive distribution channels, partner program and marketing heft. For example, startup Fenix International could work with Orange’s African operations to distribute its off-grid batteries.

    Because Orange has such a large footprint in the developing world, the company has a particular focus on building apps and hardware for “the bottom of the pyramid.” Orange’s Executive Director of Business Services, Vivek Badrinath, told me in an interview at the launch event on Monday night that the mobile phone is often times the first branded product that a customer in a developing country has, and that brand then has the unique ability to transition into offering core services, like mobile banking, and credit.

    2544

    During the accelerator program, called Orange Fab, the startups will have a chance to visit Paris, and at the end of the program will have a demo day to feature their progress. Here’s the first 6 out of Orange Fab:

    1). Fenix International: We’ve covered this four-year-old San Francisco-based startup many times. The team has built a battery that can be used off grid to charge mobile phones and other electronics, and which can connect to various mini power generation systems like small solar panels, a bike charger, or the grid. The target customer is an entrepreneur in a village that sells cell phone charging, and SIM cards (hence why Orange is interested). These entrepreneurs are already selling these services but often times use shoddy and toxic car batteries for charging. Fenix already has distribution deals with carriers Vodafone and MTN.

    Fenix_ReadySet_VeloPedal

    2). Re-char: Re-char is a startup that makes a kiln that turns bio waste — woodchips, agricultural waste or leaves — into a bio-based charcoal. The startup has delivered about 1,200 “climate kilns” to farmers in Western Kenya. But with the Orange accelerator program, Re-char plans to build an Android-based device that can connect to a cell phone and can test the quality of the soil, including water content, and pH levels. Farmers would use these devices, and accompanying data service, to test and figure out which plots of land are arable and how much fertilizer to buy and where to use it. Beyond the services and product for farmers, the data from the testing and field mapping could create a valuable data base that could potentially be used by fertilizer companies, non-profits or government programs.

    Re-char3). Phone Halo: This startup has built a location-based system that can use your phone to find lost belongings, like your keys or your wallet. The company uses quarter-sized button trackers that can be placed on devices — or potentially embedded in devices — to deliver an auditory ring when you need to find Phone Haloone of the lost items. The company has been working with consumer electronics companies to make third-party branded products.

    4). AlephCloud: The team at AlephCloud is focused on creating secure connections between devices and across systems from Dropbox to box to email to Amazon. With the growth in the consumerization of IT (you know, like everyone in your office buying their own iPhone and using their own Dropbox account), distributed security systems will increasingly be needed.

    5). Virtrue: Virtrue has developed an identification verification system that uses data and algorithms to verify identities across platforms. The service is intended to help companies and consumers reduce fraud and is prefaced on the idea that verified data is much more valuable than unverified data.

    6). Talkdesk: Talkdesk is software that can enable a company to set up and operate a distributed call center. The software is browser-based and offers support for sales and marketing.

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