News Byte

Internet Advertising Rebounds to Set Record

Revenue from Internet advertising reached a record $6.4 billion in the third quarter, according to figures released today from the Interactive Advertising Bureau and PricewaterhouseCoopers. That’s a 17 percent jump from the same quarter last year, when revenues were just starting to climb out of a sharp slump.

Three Reasons Why Venture Capitalists Are Investing in New York Startups

One criticism leveled at New York City’s fledgling tech scene is that it’s hard for entrepreneurs to find investors in their backyard. But increasingly that argument doesn’t hold water.

Mobile, Not Net, Drives Indian Music Sales

any Indians enjoy streaming or downloading music on the Internet, whether the latest Bollywood hit or an oldie. But mostly people do this illegally on sites with pirated content, which is why there was an opening for Google to launch a service in India to let users to find legitimately licensed music, as WSJ reported today. (The service launched Friday and is available at www.google.co.in/music.)

Internet Is Set to Overtake Newspapers in Ad Revenue

The Internet is poised to overtake newspapers as the second-largest U.S. advertising medium by revenue behind television, according to PricewaterhouseCoopers’ Global Entertainment and Media Outlook for 2010 to 2014.

Announcing the Silicon Valley Venture Capital Trepidation Index

Venture capitalists, your calls for smaller funds and for more of an old-school approach to investing have been answered. VC investments last year were the lowest since 1997, according to a report from PricewaterhouseCoopers and the National Venture Capital Association released on Friday.
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Sun Rise, Sun Set

After the collapse of acquisition talks with IBM, Sun’s shares continue to take a beating. Plus, Twittering Rhode Island’s daily cash flow and bad news from Blockbuster. (April 7)

Mind if I Pay These Late Fees With a Few of My Blockbuster Shares?

Blockbuster in a Monday filing told the Securities and Exchange Commission what anyone who’s observed its fast-declining fortunes has known for some time now: The company isn’t sure it can stay in business much longer. In a PricewaterhouseCoopers assessment included as part of its latest 10-K, Blockbuster acknowledged that its financial situation raises “substantial doubt about the Company’s ability to continue as a going concern.”
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iPwned

Every Start-Up Is Somebody in New Mexico

Finding it difficult to land VC money for your new start-up? Here’s a bit of advice: Move to New Mexico or Pittsburgh, where venture funding is just surging. According to data released today by PricewaterhouseCoopers, the National Venture Capital Association and Thomson Financial, VC investment in New Mexico is up an astonishing 375% from a decade ago, the number of start-ups up 600 percent. Equally as impressive is Pittsburgh, where VC investment is up 513 percent and the number of start-ups is up 267 percent.