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	<title>AllThingsD &#187; Critical Path</title>
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		<title>EBay Acquires Berlin-Based brands4friends for $200 Million</title>
		<link>http://allthingsd.com/20101220/ebay-acquires-berlin-based-brands4friends-for-200-million/</link>
		<comments>http://allthingsd.com/20101220/ebay-acquires-berlin-based-brands4friends-for-200-million/#comments</comments>
		<pubDate>Mon, 20 Dec 2010 17:05:09 +0000</pubDate>
		<dc:creator>Tricia Duryee</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[Mobile]]></category>
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		<guid isPermaLink="false">http://emoney.allthingsd.com/?p=856</guid>
		<description><![CDATA[It's been a busy shopping season for eBay, which has made its third acquisition in as many weeks.]]></description>
			<content:encoded><![CDATA[<p><img class="alignright size-thumbnail wp-image-860" title="eBay buys brands4friends" src="http://emoney.allthingsd.com/files/2010/12/ATDbrands4friends-e1292864380776-150x77.jpg" alt="" width="150" height="77" />It&#8217;s been a busy shopping season for eBay, which has made its third acquisition in as many weeks.</p>
<p>Today, <a href="http://www.ebay.com">eBay</a> said it has acquired <a href="http://www.brands4friends.de/">brands4friends</a>, a German online retailer for $200 million in cash. Earlier this month, <a href="http://emoney.allthingsd.com/20101202/ebay-is-winning-bidder-for-milo/">eBay announced the acquisitions of Milo</a>, which keeps a database of local retailers&#8217; inventory, and <a href="http://emoney.allthingsd.com/20101215/ebay-acquires-mobile-app-developer-critical-path/?mod=fox">Critical Path</a>, a mobile application development shop.</p>
<p>EBay expects brands4friends to strengthen its position as a leading online fashion destination in Europe. Brands4friends claims to be &#8220;Germany&#8217;s largest online shopping club,&#8221; which offers top brands at reduced prices to members through limited daily offers.</p>
<p>Online shopping clubs account for 20 percent of online fashion sales in Europe, according to eBay&#8217;s own research.</p>
<p>The 3-year-old company has about 3.5 million members and 200 employees.</p>
<p>As part of the deal, eBay will also assume brands4friends’ equity interests in U.K. shopping club secretsales.com and in Japan&#8217;s brands4friends.jp. The acqusition is expected to close in the first quarter, pending regulatory approval.</p>
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		<title>EBay Acquires Mobile App Developer Critical Path</title>
		<link>http://allthingsd.com/20101215/ebay-acquires-mobile-app-developer-critical-path/</link>
		<comments>http://allthingsd.com/20101215/ebay-acquires-mobile-app-developer-critical-path/#comments</comments>
		<pubDate>Wed, 15 Dec 2010 19:57:17 +0000</pubDate>
		<dc:creator>Tricia Duryee</dc:creator>
				<category><![CDATA[Commerce]]></category>
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		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[Milo]]></category>
		<category><![CDATA[online]]></category>
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		<guid isPermaLink="false">http://emoney.allthingsd.com/?p=707</guid>
		<description><![CDATA[EBay has acquired Critical Path Software, the developer that has built some of eBay's most popular mobile applications.]]></description>
			<content:encoded><![CDATA[<p><img src="http://emoney.allthingsd.com/files/2010/12/atdebaypaypal1-275x154.jpg" alt="" title="eBay" width="275" height="154" class="alignright size-medium wp-image-710" />EBay has acquired Critical Path Software, the developer that has built some of eBay&#8217;s most popular mobile applications.</p>
<p>Portland, Ore.-based <a href="http://www.criticalpath.com/">Critical Path</a> has helped develop eBay for iPhone, and other iPhone applications, such as StubHub, eBay Classifieds and Shopping.com. The purchase is evidence of eBay&#8217;s commitment to the mobile space, and likely indicates how difficult it is to hire mobile developers outside of an acquisition.</p>
<p>Terms of the deal were not disclosed.</p>
<p>EBay&#8217;s core iPhone app has been downloaded more than 14 million times since it launched in 2008. On Monday, eBay said <a href="http://emoney.allthingsd.com/20101213/ebay-peaks-at-9500-mobile-transactions-an-hour-during-holidays/">the biggest shopping day on mobile phones of the holiday season</a> occurred last Sunday, Dec.12. In the U.S., mobile gross merchandise volume (GMV) hit $5 million, a 127 percent increase over the same day a year ago. In fact, shopping peaked between 1 pm and 4 pm EST, with more than 9,500 transactions being made per hour.</p>
<p>The acquisition of Critical Path comes closely on the tails of a similar purchase. On Dec. 2, <a href="http://emoney.allthingsd.com/20101202/ebay-is-winning-bidder-for-milo/">eBay acquired Milo</a> as a way to add a physical presence to its e-commerce strategy. Milo’s database of products from 50,000 U.S. retail stores, like Best Buy, Sears and Target, has already been integrated into eBay&#8217;s RedLaser mobile application to help users find products in stores close by.</p>
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		<title>Exclusive: Silicon Valley Go-To Guy Peter Currie Joining Twitter Board</title>
		<link>http://allthingsd.com/20101201/silicon-valley-go-to-guy-peter-currie-to-join-twitter-board/</link>
		<comments>http://allthingsd.com/20101201/silicon-valley-go-to-guy-peter-currie-to-join-twitter-board/#comments</comments>
		<pubDate>Wed, 01 Dec 2010 11:53:56 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=37832</guid>
		<description><![CDATA[According to sources close to the situation, well-known Silicon Valley power player Peter Currie is joining the board of directors of Twitter.

It's an interesting choice to bring the well-regarded moneyman to the microblogging start-up, and could indicate an intent to push to an IPO eventually.

With much hot start-up experience, Currie is also suited to helping Twitter sort through its current funding round.]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/04/picture-2091.jpg"><img src="http://kara.allthingsd.com/files/2009/04/picture-2091.jpg" alt="picture-2091" title="picture-2091" width="197" height="150" class="alignright size-full wp-image-11522" /></a></p>
<p>According to sources close to the situation, well-known Silicon Valley power player Peter Currie is joining the board of directors of Twitter.</p>
<p>It&#8217;s an interesting choice to bring the well-regarded moneyman to the microblogging start-up, and could indicate an intent to push to an IPO eventually.</p>
<p>As <a href="http://networkeffect.allthingsd.com/20101129/twitters-buffet-of-options-investors-like-dst-or-acquirers-like-google/">first reported by NetworkEffect&#8217;s Liz Gannes</a> earlier this week, Twitter is now considering funding offers from big venture funds, specifically Russia&#8217;s DST Global and Silicon Valley&#8217;s Kleiner Perkins, as well as fielding incoming acquisition interest from Google and Facebook.</p>
<p>Currie should know about this kind of noisy swirl around a hot start-up.</p>
<p>Back in the heyday of Web 1.0, as the CFO of Netscape Communications, he led the iconic browser software company into history, as the first great Internet rocket ship, when it went public on August 9, 1995.</p>
<p>While the Netscape experience ended in tears, Currie&#8217;s career has not, and he has become a kind of go-to elder statesman in the Web 2.0 era.</p>
<p>A year ago, for example, he joined <a href="http://kara.allthingsd.com/20090401/meet-peter-currie-facebooks-new-money-man-for-now/">Facebook as its temporary CFO</a>.</p>
<p>That <a href="http://kara.allthingsd.com/20090331/former-netscape-cfo-peter-currie-will-be-new-facebook-financial-adviser-until-new-cfo-is-found/">move came after the social networking site</a>, in a bit of turmoil, <a href="http://kara.allthingsd.com/20090331/facebook-cfo-gideon-yu-out-fast-growing-social-network-says-its-doing-fine-financially/">parted ways with its then CFO</a>, Gideon Yu, following mutual disagreements.</p>
<p>Indeed, Currie plays the calm, collected wise man well.</p>
<p>Unusually tall, aggressively avuncular and laid-back, he loves Elvis and enjoys pranking reporters like BoomTown.</p>
<p>(Case in point: Back in the day, he spread the rumor around Silicon Valley that I was short due to a medical condition.)</p>
<p>Now the president of Currie Capital, a private investment firm, he had previously worked at General Atlantic in private equity.</p>
<p>After Netscape, he was a partner and co-founder of the Barksdale Group, an early-stage (and ill-fated) venture capital firm.</p>
<p>Before Netscape, he was CFO of McCaw Cellular Communications and also worked at Morgan Stanley.</p>
<p>Currie is also board-happy, serving as a director of a variety of tech firms, private and public, which have had varying degrees of success.</p>
<p>They have included CNET, Critical Path, Clearwire, Safeco, Ofoto, Tellme Networks and Zantaz, as well as Sun Microsystems.</p>
<p>He has an MBA from Stanford University and went to Williams College.</p>
<p>In other words, just the kind of pedigree needed to give some additional burnish to the Twitter board, which now includes Fred Wilson of Union Square Ventures, Spark Capital&#8217;s Bijan Sabet, Benchmark Capital&#8217;s Peter Fenton, co-founder and former CEO Evan Williams, co-founder Jack Dorsey and CEO Dick Costolo.</p>
<p>Apparently, it&#8217;s time to toss another dude in there!</p>
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		<title>Meet Peter Currie, Facebook&#039;s New Money Man (For Now)</title>
		<link>http://allthingsd.com/20090401/meet-peter-currie-facebooks-new-money-man-for-now/</link>
		<comments>http://allthingsd.com/20090401/meet-peter-currie-facebooks-new-money-man-for-now/#comments</comments>
		<pubDate>Wed, 01 Apr 2009 14:11:31 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=11511</guid>
		<description><![CDATA[Back in the heyday, Peter Currie was the money man to see in Silicon Valley.

As CFO of Netscape Communications, he led the famed browser start-up into history, as the first great Internet rocket ship, when it went public on Aug. 9, 1995.

Rising to insane levels, the stock was ground zero of the Internet gold rush, despite the fact that it had no profits to speak of. But it did have a 23-year-old co-founder and tech wunderkind in Marc Andreessen and a growth trajectory that was astounding.

If you think it sounds somewhat similar to Facebook today--where Currie will now help out as temporary financial adviser after the social-networking site parted ways with its CFO, Gideon Yu, yesterday--you are correct.]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2009/03/2516540711_ca5b22a4b6.jpg"><img src="http://kara.allthingsd.com/files/2009/03/2516540711_ca5b22a4b6-250x252.jpg" alt="2516540711_ca5b22a4b6" title="2516540711_ca5b22a4b6" width="250" height="252" class="alignright size-medium wp-image-11514" /></a></p>
<p>Back in the heyday, Peter Currie was the money man to see in Silicon Valley.</p>
<p>As CFO of Netscape Communications, he led the start-up into history, as the first great Internet rocket ship, when it went public on Aug. 9, 1995.</p>
<p>With the first consumer-friendly browser software, which made the Web easily understandable to the masses, Netscape was at the red-hot center of the nascent digital revolution.</p>
<p>&#8220;Wall Street went bonkers,&#8221; said one news reporter about the IPO, and the craziness did not stop for quite a while.</p>
<p>Rising to insane levels, the stock was ground zero of the Internet gold rush too, despite the fact that it had no profits to speak of.</p>
<p>But it did have a 23-year-old co-founder and tech wunderkind in Marc Andreessen, and a growth trajectory that was astounding.</p>
<p>If you think it sounds somewhat similar to Facebook today&#8211;where <a href="http://kara.allthingsd.com/20090331/former-netscape-cfo-peter-currie-will-be-new-facebook-financial-adviser-until-new-cfo-is-found/">Currie will now help out as temporary financial adviser</a> after the social-networking site <a href="http://kara.allthingsd.com/20090331/facebook-cfo-gideon-yu-out-fast-growing-social-network-says-its-doing-fine-financially/">parted ways with its CFO, Gideon Yu, yesterday, following mutual disagreements</a> and announced a search for a replacement&#8211;you are correct.</p>
<p>In that job, the 53-year-old Currie will be helping Facebook CEO and founder Mark Zuckerberg, 24, navigate&#8211;albeit temporarily&#8211;through some stormy economics seas on a journey that will hopefully end in an initial public offering.</p>
<p>The search for a new CFO will also involve Currie, obviously, and will be conducted by Jim Citrin of Spencer Stuart.</p>
<p>But until a new CFO is in place, Facebook&#8217;s quest still entails sorting out a substantive advertising monetization strategy while also keeping up its speedy growth rates and managing the high costs that mount with its popularity.</p>
<p>That certainly was Netscape&#8217;s major challenge, which it never met successfully and which was made worse by intense attacks from Microsoft (MSFT) on Netscape&#8217;s core browser business.</p>
<p>That eventually led to the antitrust trial against the software giant, even as Netscape saw its star fall dramatically.</p>
<p>It was sold to AOL in 1998 for $4 billion, a shadow of its bubble valuation, and is <a href="http://netscape.aol.com/">now more of a footnote</a> than an ongoing tech product (although the now-popular Mozilla browser is a direct descendant of Netscape).</p>
<p>In fact, in 2008, Time Warner (TWX) online unit AOL dropped its support for the Netscape browser and said it was no longer releasing new versions.</p>
<p>Still, a lot of former Netscape execs now hold other key jobs in the Web space.</p>
<p>Its investor relations exec, <a href="http://kara.allthingsd.com/20080718/sure-the-cbs-cnet-deal-seems-crazy-but-maybe-in-a-good-way/">Quincy Smith</a>, now heads up the digital arm of CBS (CBS), for example.</p>
<p>And Andreessen has started a number of companies and has transformed himself into an kind of elder statesman of Silicon Valley of late, as well as a <a href="http://kara.allthingsd.com/20090220/marc-andreessens-new-venture-fund-project-a">newly minted venture investor</a>.</p>
<p><a href="http://kara.allthingsd.com/files/2009/04/picture-2091.jpg"><img src="http://kara.allthingsd.com/files/2009/04/picture-2091.jpg" alt="picture-2091" title="picture-2091" width="197" height="150" class="alignleft size-full wp-image-11522" /></a></p>
<p>Andreessen, many sources said, was a shadow influence on Zuckerberg&#8217;s decisions related to Yu, with whom relations had gotten tense, and to bring in Currie (pictured here).</p>
<p>Currie is certainly a great choice, in terms of the close-knit tech sector&#8217;s respect and experience.</p>
<p>Currie is also unusually tall, aggressively avuncular and laid-back, loves Elvis and enjoys pranking reporters like BoomTown. (Case in point: He once tried to spread the rumor that I am short due to a medical condition.)</p>
<p>Now the president of Currie Capital, a private investment firm, he had previously worked at General Atlantic in private equity.</p>
<p>After Netscape, he was a partner and co-founder of the Barksdale Group, an early-stage venture capital firm.</p>
<p>Before Netscape, he was CFO of McCaw Cellular Communications and also worked at Morgan Stanley (MS).</p>
<p>Currie is also board-happy, serving as a director of a variety of tech firms, private and public. They have included CNET Networks, Critical Path, Clearwire (CLWR), Safeco, Ofoto, Tellme Networks and Zantaz, as well as Sun Microsystems (JAVA).</p>
<p>He has an MBA from Stanford University and went to Williams College.</p>
<p>Here is the <a href="http://kara.allthingsd.com/20070615/the-fight-for-mike/">video interview I did with Currie</a> and others at an event to support his friend and former Netscape exec <a href="http://kara.allthingsd.com/20090201/farewell-to-mike-homer">Mike Homer, who recently died of Creutzfeldt-Jakob disease</a> (Currie is at the 2:16-minute mark):</p>
<p><div class="video-wsj"><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={979509566}&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="320" height="240" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div></p>
<p>(<em>Image of Netscape IPO T-shirt <a href="http://www.flickr.com/photos/intothefuzz/2516540711/">courtesy of intothefuzz on Flickr</a>.)</em></p>
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