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The iPod Lesson – What Companies Can Learn about R&D Investing during Lean Times
Although US companies are cutting jobs, wages and benefits, many are heeding the lessons of Apple and continuing to invest in research and development even during times of economic downturns. Following the bursting of the dot-com bubble, Apple increased its R&D spending by 42 percent between 1999 and 2002 – even as their revenue fell more than six percent during this same period. Those investments paid off in the form of the iPod, introduced in October 2001, during the last recession, and the iTunes music store, which debuted in 2003. This example sends a message [Read More]
Second Annual Startup Weekend Columbus Spawns 12 New Ventures
Last weekend TechColumbus hosted Startup Weekend Columbus 2, a three-day event that brought together 150 of the city’s aspiring tech entrepreneurs, business owners, designers, marketers, Web engineers, investors and others for an intensive workshop, the purpose of which was to take startup ventures from concept to launch in 54 hours or less. [Read More]
Nearly 500 Attend Opening of COSI’s Newest Exhibit Dedicated to Innovation in the Region
COSI’s grand opening of its latest exhibit, Innovation Showcase, was a celebration of just how far Central Ohio has come in its journey to becoming Forbes’ #1 Up and Coming Tech City. Close to 500 business leaders, inventors, innovators and entrepreneurs gathered to celebrate the region’s success and progress at what could only be described as a high-tech launch party Wednesday evening. [Read More]
Palestra.Net Announces Acquisition of UWIRE
Move Expands Venture’s Reach in College Media Distribution
Palestra.net, the Columbus-based provider of online video content serving the college market, recently acquired UWIRE from CBS Corp. UWIRE is considered to be the richest provider of content to the college media market, distributing stories to student-run newspapers, radio and TV stations, much the way the Associated Press serves traditional media outlets. [Read More]
Google Launches Venture Capital Fund with Commitments of $100M in First Year
Google, Inc., which last year announced its intention to form its own venture capital fund, has announced it will commit $1 million to the Google Ventures fund over the next year. The fund has made its first investment in Pixazza, Inc., a start-up that allows Web publishers to earn money by tagging images of items, such as clothing, with links to where the items can be purchased. Google says it will not limit its investments to companies related solely to its product lines, but instead will manage for returns across a wide range of investments in consumer Internet, softwar [Read More]
VC Confidence Climbing in Silicon Valley
SUBHEAD
For the first time in over a year, venture capitalists in the Silicon Valley are beginning to show increased confidence. According to the Silicon Valley Venture Capitalist Confidence Index for 1Q 2009, confidence registered 3.03 on a five-point scale, up from 2.77 in the previous quarter and ending a five-quarter low streak in VC confidence in the region. [Read More]
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