Tech Town, NC

This is not breaking news, but one of the Triangle’s most successful tech startups, Motricity, is moving their headquarters at the American Tobacco Campus in Durham for the greener pastures of Bellevue, Washington. Motricity has been both a symbol of the kind of success tech companies can have in the Triangle area, and of […]

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Marc Andreesson has a truly sunny post today about the outlook for startups in a post YHOO world. Some people are bemoaning the potential loss of a silicon valley stalwart that helped set the playful tone for companies that came after it, especially one that did so much for the advancement of exclamation points […]

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Fred Wilson nailed this with “You had to see this coming.” Just after Yahoo disappointed everyone with its earnings and the stock dipped a good 8% I thought to myself, “now might be a good time to buy some YHOO.” Turns out I was right, as the stock is now worth about […]

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Ryan Allis, the Triangle area wunderkind, iContact CEO, and host of some of the best meetups in the land wants to add another item to his resume - Bestselling Author. Ryan’s written a book called “Zero to One Million” about how he built a company (two companies actually) to the level of $1 million […]

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Multiple sources are not reporting on the additional money raised by Facebook’s recent round of financing. The rumor-cum-story is that two New York Hedge Funds have also pitched in for the same 1.6 percent share that Microsoft acquired. That brings the total financing up to about 750 million, a number that had been […]

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Microsoft pulled the trigger on a smaller than rumored investment in Facebook today to the tune of $240 million. What will 240 million buy in this bubble-ish world? A measly 1.6 percent, that’s what! That puts the valuation of Facebook at $15 billion, which is quite a vote of confidence. If […]

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For anyone who read my post last week about life-casting lotto website See Me Win, there is good news. The site, which had been down for some redesigning, will be broadcasting live starting at 10PM tonight. I got a message from one of the site’s founders, Duke grad Breck Yunits, saying that they’ve […]

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Durham, NC company Motricity has acquired Inofspace Inc’s mobile services unit for approximately $135 million in cash. The deal brings together two of the major players in the mobile software and content delivery sector.
Motricity comes out of this looking like a force to be reckoned with, boasting the software that powers the start […]

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