Google is building an App Store for its business-focused Google Apps software, which includes Gmail, Google Docs, Google Calendar, Google Spreadsheets, etc., the WSJ reports.
Through the store, Google Apps customers could purchase add-ons for the Web apps, increasing Google's feature set (and revenues) without increasing the complexity of its base products.
This as Google tries to disrupt several Microsoft businesses, including its Office and Windows giants, and its Exchange email business.
Google could announce the App Store as soon as March, the WSJ's Jessica Vascellaro says. Like the App Stores flourishing in the mobile industry, Google could collect a cut from sales while passing the majority of revenue along to developers.
i'm not sure how they solve the problem of making apps work well on so many different android devices... what the hell is a developer supposed to do?
The 10-year return figures from Cambridge Associates are probably the best way to measure the performance of a long-term asset class like venture capital. As the profits from the dotcom bubble start to recede beyond that 10-year horizon (the Nasdaq peak was March 2000), the true picture of the industry’s performance starts to come into better focus.
The latest quarterly figures today (for the period up to 30 September 2009) revealed a slump in the 10-year return to 8.4 per cent, down from 40.2 per cent a year before when the full bubble effect was still in the numbers. Bad, certainly, but still respectable: the Nasdaq composite lost 2.5 per cent annually over the same period.
But the really bad news for the venture capitalists is still to come.
It turns out that they were still reporting higher valuations for their funds for two quarters after the Nasdaq peaked. According to Rik Nuenighoff at Cambridge Associates, as late as the third quarter of 2000 venture funds claimed a quarterly return of 12 per cent, while the Nasdaq declined 7.4 per cent.
It could be, he says, that this is because of delayed pay-outs of realised gains - but it also looks like VCs were still blithely marking up their unrealised investments while the markets were sinking around them.
The day of reckoning has to come eventually. By the end of 2010 the 10-year VC return figure will almost certainly turn negative for the first time ever (the current 9-year figure is -6 per cent.) At that point there is a good chance it will sink below the return on the Nasdaq.
Of course, a vibrant IPO market might still help to ease the pain. But with the markets now taking a pause after last year’s solid run, it’s hard to see how this will be enough to dig VCs out of the hole in time.
i've been saying this for years.... the 00's (or whatever we want to call the 2000 to 2010 decade) is going to be a lost decade for VC. the returns are going to be terrible.
'Here I Am!' GPS Location Apps Have Limited Appeal
Online services that send updates on a person's location are all the rage in Silicon Valley, but they have far to go before they'll be adopted elsewhere
For Diane Bisgeier, marking her turf with her iPhone has become as regular as morning coffee. Bisgeier "checks in" at restaurants, cafés, and theaters around San Francisco using Gowalla, a popular iPhone app that lets people broadcast their locations, find friends, and compete to see who's shown up somewhere the most.
"I don't feel complete unless I check in" when I arrive, says Bisgeier, 41, who has also logged her location using iPhone apps from Gowalla competitors Foursquare and Yelp. By announcing her movements around town on Gowalla, Bisgeier, a marketing director for medical software maker Soar BioDynamics , says she's able to meet friends spontaneously and feel as if she "left [my] mark" on places. "It's because I'm hypersocial," she says. "That's why I love it."
As Silicon Valley's obsessions go, the virtual parlor games proffered by startups Foursquare and Gowalla rank among the more curious. New York and Silicon Valley techies have lately taken to whipping out their smart phones when they cross the transom of restaurants, bars, coffee shops, and train stations, firing up Foursquare's or Gowalla's applications, and checking in to mark their turf. Enthusiasts say they like the bragging rights that come with being the most frequent patron of a place, and that the apps let them serendipitously meet up with friends. Frequent patrons can become the "mayor" of a venue by playing Foursquare, or stamp a virtual passport in Gowalla's game. Hundreds of merchants offer free beer, coffee, and pizza to the top denizens of their establishments. "In the Bay Area, it has turned into a pretty valuable utility," Kevin Rose, the founder of Digg and an investor in both Foursquare and Gowalla, says of the software.
The Mobile-Advertising Angle
The popularity of the apps has attracted notice from other Web startups that rely on local advertising. Foursquare boasts nearly 300,000 users, and Gowalla has more than 100,000. On Jan. 15, Yelp—a Web site that reviews shops, restaurants, and night spots and that on Jan. 27 announced a round of funding worth up to $100 million—introduced the ability for users of its iPhone app to check in at businesses.
Now, as tech industry heavyweights such as Google (GOOG), Apple (AAPL), Microsoft (MSFT), Twitter, and IAC/Interactive (IACI) try to capitalize on the smart phone explosion with mobile ads that target people where they congregate, startups compiling a trove of data about users' migratory habits could make attractive acquisition targets for those companies. At one point in January, a Foursquare user was checking into a location every second, the company said.
Developers, start your engines! Palm’s Hot Apps program begins today, and there’s $1 million on the table just waiting for you. Running from February 1, 2010 to May 31, 2010, Hot Apps will award cash prizes to the developers with the most webOS app downloads during that period. Here’s how that one million dollars breaks down:
- #1 most downloaded free app: $100,000
- #1 highest revenue paid app: $100,000
- #2 - #21 most downloaded apps: $10,000 each
- #22 - #221 most downloaded apps: $1,000 each
So all you’ve got to do is be in the top 221 apps to be prize worthy. With cold hard cash on the line, here’s hoping we see some really amazing apps in the next 120 days!
win win win! the self aware games are going to release an app today! i hope it wins!
this is a direct effect of capitalism. obama is kidding himself if he thinks that banks and private businesses are just going to start doing the "right thing" and paying themselves less in salary and bonuses.