How Much Revenue Does It Take To Be A $1B Public Company?

With all the chatter about Billion dollar valuations -- like Instagram, Evernote, Splunk -- combined with recent S1 filings and IPOs, the topic of tech company valuation is coming to the forefront of people?s minds. Specifically related to the software industry, the growing number of SaaS IPO candidates of late is signaling an important shift in the way that enterprise software is built and sold. It also indicates that the subscription business model is here to stay. What does this shift towards a subscription economy means for startups, investors and the IPO landscape? First of all ? get Instagram out of your mind. The price it sold for is not relevant to us mere mortals who are building B2B software businesses. For all good, non-bubble reasons, SaaS companies need tens of millions in revenue, high growth, and solid business fundamentals. What you may notice though, is that revenue may be lower than what we?ve become accustomed to during the last few years of IPO drought.

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Lenovo's Eedoo CT510 motion gaming console to finally hit China, wants your $600

Product delays that push back release dates a full year are never good. What's worse? When that product finally does launch and even someone inside the company votes against it. That's exactly what's going down with the CT510 GameBox, the Eedoo Kinect competitor for the Chinese market. Though it's gone through a fair share of reincarnations before arriving at its current config (it was formerly known as the eBox), the final package has a dual-core CPU, a minimum of 250GB in HDD storage and a 3D GPU, and comes pre-installed with eight games and ten apps. All told, it will cost a cool 3,799 yuan ($600) when it ships on April 29th -- some very ambitious pricing, considering that the imported Xbox with Kinect (the console isn't officially available in China) already sells for about $459 in China, according to M.I.C. Gadget. A director from the Lenovo-backed company seems to agree: in a Sina Weibo poll asking users whether they'd buy the product (pictured after the break), he selected the answer, "No way! Price-to-performance ratio too low." Though to be fair, the gentleman later clarified that it was an honest mistake, and that his company is targeting the high-end family users instead of the core gamers. Well, we shall let the sales figures do the talking.

Continue reading Lenovo's Eedoo CT510 motion gaming console to finally hit China, wants your $600

Lenovo's Eedoo CT510 motion gaming console to finally hit China, wants your $600 originally appeared on Engadget on Sat, 28 Apr 2012 11:42:00 EDT. Please see our terms for use of feeds.

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Digital Storm locks and loads Ivy Bridge into its new recruits

Digital Storm has announced that its premium-priced (and not so premium-priced) gaming PCs will soon be touting Ivy Bridge processors. This means, going forward, all machines will come with the Intel's third generation Core architecture, with the PC maker already claiming it's managed overclocks at 4.8GHz. Like its machines, Digital Storm is keeping cool on when the systems will find their way from workshop to LAN, or what effect (if any) there'll be on pricing. Keep the cross hairs focused on the source link for more info.

Continue reading Digital Storm locks and loads Ivy Bridge into its new recruits

Digital Storm locks and loads Ivy Bridge into its new recruits originally appeared on Engadget on Sun, 29 Apr 2012 09:00:00 EDT. Please see our terms for use of feeds.

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The Future of Science

Almost every technological and medical innovation in the world has its roots in a scientific paper. Science drives much of the world?s innovation. The faster science moves, the faster the world moves. Progress in science right now is being held back by two key inefficiencies:

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?Shut-up and let us run the country,? they explained (Powerlineblog)

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Burying Conventional Wisdom at The Next Web Conference

The Next Web, a network of online technology outlets, continued its annual conference Friday in Amsterdam. Heeding to Amsterdam's night life, The Next Web waited until 10 a.m. to get things started, which was probably just about as early as the sleep-deprived attendees could have hacked it.

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Top Gear Host Narrates Museum Exhibits ? as Augmented Reality Avatar

Augmented reality is exciting if it's used appropriately. For example, when a tiny James May from Top Gear explains why the Model-T is important, that's an appropriately awesome use.

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Obama Sure Is Cool (Powerlineblog)

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Sarah Michelle Gellar: Pregnant with Second Child!

A hearty round of congratulations are in order for Sarah Michelle Gellar and Freddie Prinze Jr.: the couple is expecting its second child!

"She and Freddie are thrilled," a friend of Gellar and Prinze tells Us Weekly. "They're amazing parents."

The famous twosome met while filming the classic 1997 thriller I Know What You Did Last Summer, but didn't start dating until three years later. They then married in September 2002 and welcomed daughter Charlotte Grace in September 2009.

The news of Gellar's pregnancy arrives just as The CW is figuring out the fate of her latest series, Ringer - and let's just say the beautiful mother will likely have a lot of free time ahead of her to spend with a new baby.

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Gingrich's billionaire backer moves on (CNN)

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Samsung intros 'world's thinnest' external DVD writer, tries to convince you to pack it with your tablet

Generally, a new optical disk drive is nothing to write home about, but how about one that's specifically purposed for tablets and Ultrabooks? That's the pitch Samsung is selling for its SE-218BB DVD / CD writer, which the company claims is the world's thinnest external ODD -- because what better to go with your svelte computing devices than more pluggable doohickeys? Cynicism aside, Samsung says this $60 add-on is just 14mm tall, "18 percent thinner than conventional DVD writers" and eight percent less weighty than its standard DVD ODD. The bus-powered unit connects via USB, and it'll work with Macs, PCs and devices running Android 3.1 and up. Oddly fascinated? The drive is currently on sale worldwide if you're willing carry it along with you. You'll find full details in the press release after the break.

Continue reading Samsung intros 'world's thinnest' external DVD writer, tries to convince you to pack it with your tablet

Samsung intros 'world's thinnest' external DVD writer, tries to convince you to pack it with your tablet originally appeared on Engadget on Thu, 26 Apr 2012 06:08:00 EDT. Please see our terms for use of feeds.

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Not Much Hyperventilating Over Hacker's Hypervisor Code Theft

A hacker with the handle "Hardcore Charlie" has stolen source code for VMware's ESX hypervisor and posted it on the Internet. A hypervisor provides a virtualization layer between operating systems and the underlying hardware, creating a virtual machine. This lets users run multiple virtual machines on one processor.

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Shape Security: Kleiner Perkins & Eric Schmidt Lead $6M Round In Stealth Security Startup

Big corporations have been riddled by security attacks over the past year, and hackers seem to be growing even bolder and more resolute. As a result, market research firm The Radicati Group said that it expects the corporate web security market to grow to $2.5 billion over the next four years. It's in this climate that a young, stealth startup is trying to put companies back on the offensive, and some notable Silicon Valley investors are buying in. Mountain View-based Shape Security is announcing this morning that it has raised $6 million in series A financing, led by Kleiner Perkins Caufield & Byers and Google Executive Chairman Eric Schmidt's TomorrowVentures. Accel Partner Peter Wagner, Sequoia Limited Partner Guarav Garg, Baseline Ventures, and unnamed executives at LinkedIn, Twitter, and Facebook also participated in the round.

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