MoBeam Banks $5 Million for Mobile Barcode Technology

Cupertino, Calif.-based MoBeam has raised $4.9 million in capital to solve the problem of most point-of-sale systems at retail not being able to read a barcode displayed on a mobile phone screen. Investors in the round include Yet2Ventures, Samsung Ventures and Mitsui.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work