The NASDAQ stock exchange just posted a record week for initial public offerings, with companies including Zillow and Skullcandy roughly half a billion dollars in three days.
Next week, the stock market will see seven separate IPOs.Taking the weeks of July 18 and July 25 together, the NASDAQ expects these IPOs will raise a cumulative $1.43 billion.
And let’s not even get started about the upcoming Groupon IPO or the expected but not yet confirmed Facebook IPO, which could value the social network as high as $100 billion.
So are we in a bubble yet?
“We’re happy to have a great week this week, but I obviously don’t look at any one week with any degree of importance,” NASDAQ CEO Bob Greifeld told VentureBeat.
Full story: Despite record IPO week, NASDAQ CEO doesn’t see a bubble | VentureBeat.
DoubleClick cofounder Kevin O’Connor has a new startup, FindTheBest, aimed at helping you compare everything from air purifiers to venture capitalists.
Now, with a $6 million funding round from Kleiner Perkins that closed Tuesday, FindTheBest should be in a good position to build out its “data driven content platform,” which combines computer-driven semantic analysis with human-powered tagging to build data sets quickly and efficiently.
“‘Human’ is dirty — it’s not scalable,” O’Conner (above, left) said in an interview at VentureBeat’s headquarters, citing a long-held Silicon Valley bias against companies whose competitive advantage is based on their employees rather than their technology. “But people are shocked by how quickly and cheaply we can build these data sets.”
Full story: Former DoubleClick team raises $6M for comparison-shopping engine | VentureBeat.
To upgrade its Android keyboard, TouchType Ltd. drew on the combined linguistic intelligence of the entire online universe.
“We made a copy of the internet,” chief marketing officer Joe Braidwood told VentureBeat.
SwiftKey X, the latest version of the company’s keyboard for Android handsets and tablets, is just an app. It replaces the onscreen keyboard with one that has greater predictive intelligence about what you’re going to type next, helping compensate for your sloppy typing and saving you time by letting you type just a few letters of each word.
Full story: TouchType uses the entire internet to upgrade its Android keyboard | VentureBeat.
The new nation of South Sudan celebrated its birth with flag-waving, street celebrations and an official liveblog.
“FREE at last!” proclaims the website, goss.org, which states it is the official website of the South Sudanese government.
Scroll down, and you find regular updates from the streets of Juba, where the blog notes that jubilant citizens are gathering to celebrate the creation of the new South Sudanese state. The blow-by-blow account records what was going on in the streets, which dignitaries arrived for the occasion, and what was said.
Full story: World’s newest country, South Sudan, liveblogs its own birth | VentureBeat.
The last American space shuttle, STS-135, lifted off this morning, bringing to a close a remarkable era in U.S. technological dominance.
I stayed home and watched the launch on TV, just as I watched the very first shuttle launch on TV in 1981. Both events were deeply tied into the computer era.
In 1981, I watched the launch of Columbia on the only television in the house, which normally was only used as a monitor for my Apple II+. As a no-television house, I had to get special permission to use the monitor as a TV, tuning in to a grainy broadcast signal coming over the rabbit ears.
Full story: The shuttle program ends, and with it, an era of American tech excellence | VentureBeat.