Amit Chowdhry | September 16, 2009 | 6,298 views | 4 Comments
Categorized under John Hopkins University, John Pontolillo

Breaking and entering someone’s residence is no joke. By nature, humans are extremely protective of their homes and will go on the defensive if their privacy is violated. In this case John Hopkins student John Pontolillo ended up killing a burglar with a samurai sword. The upper body of a man was lacerated and he was announced dead a the scene. The burglar’s hand was also nearly severed.
About four undergraduates live in the house where the burglar broke in. In that house, two laptops were stolen this past Monday and so was a Sony PlayStation. After hearing a noise, the student went downstairs to investigate what the commotion was while holding a samurai sword. It turns out the side door of their garage was pried open and the suspect was found by the student. When John asked the suspect what he was doing and threatened to call the police, the suspect lunged at him.
The house resident killed the suspect with a sword and police are investigating the incident. Apparently the suspect had a long history of breaking and entering multiple households. The suspect had been arrested 29 times prior to this incident and recently was released from jail for auto theft.
Amit Chowdhry | September 16, 2009 | 954 views | 1 Comment
Categorized under Motorola, Motorola DEXT, Orange

Orange UK, a major telecommunications company is expected to get the Motorola DEXT in October. The DEXT is also known as the CLIQ in the U.S. For those who make a two year commitment with Orange in the UK, the Motorola DEXT will be free with at least a £34.26 per month ($56.43) contract.
Amit Chowdhry | September 16, 2009 | 1,418 views | 1 Comment
Categorized under DataXu, Flybridge Capital, Mike Baker

DataXu is a start-up based in Boston, MA that was founded by MIT alumni and other technology entrepreneurs. The goal of the company is to help advertisers optimize campaigns across multiple platforms such as Google, Microsoft, and Yahoo! The service is intended to help advertisers more than publishers who are looking for increased returns on investment. DataXu makes ad purchasing recommendations based on qualitative data in real-time.
“On the marketplaces, sellers get guarantees about the impressions that will be sold for the highest bid price above the specified reserve, and buyers can use the exchange to supplement their online campaigns with low-cost impressions,” stated Robin Wauters, an editor at TechCrunch. “The DataXu platform values, bid manages and buys ads on an impression-by-impression basis, across the major ad exchanges and based on smart algorithms.”
DataXu has the capabilities to make recommendations within milliseconds using the proprietary algorithms that the engineers have come up with at the company. Thus far, DataXu has been testing their algorithm on Yahoo!’s ad inventory system and now they plan to add the Google Ad Exchange platform.
DataXu has about $7.8 million in funding from Atlas Ventures and Flybridge Capital. The company is led by President and CEO Mike Baker.
Amit Chowdhry | September 16, 2009 | 5,018 views | 1 Comment
Categorized under America Online, AOL, Brad Garlinghouse, Jeff Levick, John Kannapell, Kim Partoll, Tim Armstrong

AOL CEO Tim Armstrong has fired two major executives recently. Armstrong fired COO Kim Partoll and SVP of search and local media John Kannapell. Armstrong is preparing to spin AOL off from Time Warner as a public company again. People within the organization said that they are not planning on replacing the two anytime soon either.
Partoll was responsible for AOL’s mobile initiatives which will now be delegated to new hire Brad Garlinghouse. Kannapell’s job will be given to Jeff Levick.
Amit Chowdhry | September 15, 2009 | 1,560 views | 3 Comments
Categorized under ABC, Barack Obama, John Harwood, Terry Moran, The Walt Disney Company, Twitter

American Broadcasting Company (ABC), the television network that The Walt Disney Company owns was responsible for the news about President Barack Obama calling Kanye West a “jackass” spreading. Kanye West stole the microphone from Taylor Swift when she received an MTV VMA award and the news exploded in the media. West personally apologize on his blog about the situation, but it was too late — he already came off as looking as a jerk. Even the President called him a jerk.
Some of ABC’s employees overhead a conversation between President Obama and John Hardwood of CNBC. A conversation between the two that was off the record made its way on Twitter and was never meant to be the official words from the President.
When asked about whether Obama’s daughters were annoyed by what Kanye West did, the President replied “I thought that was really inappropriate.” He added “What are you butting in (for)? … The young lady seems like a perfectly nice person. She’s getting her award. What’s he doing up there?” Then he added “He’s a jackass.”
After realizing that he went too far, the President said “Cut the president some slack. I’ve got a lot of other stuff on my plate.”
When ABC employees overheard the conversation, they turned to Twitter. Terry Moran wrote “Pres. Obama just called Kanye West a ‘jackass’ for his outburst at VMAs when Taylor Swift won. Now THAT’S presidential” on Twitter. The tweets have been deleted shortly after they were originally written.
Too late to crowd control ABC, the word is out. The President has expressed his opinion about Kanye West’s behavior.
Amit Chowdhry | September 15, 2009 | 864 views | Add a Comment
Categorized under DreamIt Ventures, Jack Groetzinger, Russ D'Souza, Seatgeek

SeatGeek aims to challenge StubHub and other secondary ticket brokers by offering something more. SeatGeek helps determine whether the price of a ticket has hit its possible lowest price by monitoring other secondary party websites and accounts for previous conditions such as the weather, who was pitching (baseball), and if the game was on a weekend.
Consumers can be notified when the price drops substantially so they can swoop in and make a buy. Sellers can use the service to determine when a good time to sell the device would be. SeatGeek would keep 7-10% of all ticket sales. SeatGeek is even working on a “ticket insurance” service that compensates users would do not receive accurate forecasts. The size of the secondary ticket market is about $15 billion per year.
SeatGeek has about $20,000 in funding from DreamIt Ventures. The founders of the company are Russ D’Souza, and Jack Groetzinger.
Amit Chowdhry | September 15, 2009 | 10,789 views | Add a Comment
Categorized under Jessica Simpson, Twitter

Jessica Simpson has about 1.5 million followers on Twitter so it only makes sense that if something of hers went missing, send out a tweet with a picture. In this case, Jessica lost her dog Daisy which was dragged away by a coyote.
“My heart is broken because a coyote took my precious Daisy right in front of our eyes. HORROR! We are searching. Hoping. Please help!” tweeted Jessica. She also sent out the below TwitPic:

Jessica bought Daisy back in 2004 when she was married to Nick Lachey. She carried the dog around in a handbag almost everywhere she went since then including tanning salons and movie sets.
Amit Chowdhry | September 15, 2009 | 791 views | 5 Comments
Categorized under Accept Software, Entrepreneurs Fund, Jefferson Partners, StarVest Partners

Accept Software designs applications made for product planning and marketing. Some of their customers include Intuit, Tibco, VMware, Fidelity, and Viasys. According to a filing with an SEC, Accept Software raised a whopping $17 million round of funding. $15.4 million out of an $18 million targeted round, Accept Software is based in Fremont, California.
The software that Accept designs can capture ideas from brainstorm sessions and action items can be delegated. When a product is finished, Accept helps organize deployment requirements.
The investors involved in this round was led by StarVest Partners LP. Jefferson Partners and The Entrepreneurs Fund (TEF) also participated. There are also board members from The Entrepreneurs Fund and StarVest Partners on their Board of Directors. The press release is available here.
*Special thanks to Heidi Groshelle for reaching out to us.