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Articles tagged with: VC

Pandora Raises Share Price By $3 In IPO

It looks like Pandora has changed its mind on its shares of stock since it’s original IPO (initial public offering). The company has just issued an amendment raising the share price from $10-$12. This is a $3 per share raise from its original average, and brings the company’s valuation from $1 billion to nearly $2 billion.

Since there are nearly 15 million shares up for the taking, Pandora expects to raise about $203 million from the initiative, or $60 million more than it’s original offering. Pandora currently rocks a user-base of 94 million, compared to 53 million the previous year. Likewise, users spend two times more time on the site than they had the previous year (rising from 0.7 billion hours to 1.6 billion hours).

Taiwan’s E-paper And What This Means For The Future

Taiwan’s Industrial Technology Research Institute has developed e-paper technology which it expects to be used for digital signage. ITRI demonstrated prototypes of the e-paper (not pictured) that it hopes will be commercialized within the next two years.

The e-paper can print red, green, and blue in different parts of the paper and utilizes a roll-to-roll printing process that is currently used in newspaper presses. One example the ITRI demonstrated was an e-paper clock that refreshes electronically with each second. The research institute also noted other uses, such as e-wallpaper and e-tickets, which could be recycled and reprinted for hundred of events.

Former Google CEO Teams Up W/ Lady Gaga For Social Startup

Right when you thought you saw it all, you read this headline. A new social startup called Backplane has raised over $1 million in venture funding, and is run my former Google CEO, Eric Schmidt. Interestingly enough, Lady Gaga invested in the startup and owns 20% of Backplane.

The social startup will launch soon and is designed to build communities around musicians and sports teams. The service also integrates updates from Facebook and Twitter, keeping close tabs on social. With Schmidt recently announcing that he regrets not giving Google more of a social presence, this might be a project that the former CEO hopes will bring him back to the likes of Google, perhaps to obtain his former position?

Pandora Sets IPO Terms, Expect $8 Per Share

The online radio company, Pandora Media Inc. has filed terms for $109.5 million IPO on Thursday. The owners of Pandora will sell 13.68 million shares at $7 to $9 a piece ($8 average), according to an amended filing with S.E.C. (Securities and Exchange Commission).

Pandora was launched in 2005, and was the first online radio service that used a special algorithm based on the Music Genome Project (a database built by teams of music experts that analyzes songs) to select a playlist for users based on preferred and disliked songs.

LiquidSpace Raises 3.6M In First Round Of Funding

LiquidSpace has just announced that it has raised 3.6 million dollars in its first round of funding. LiquidSpace offers a mobile application that allows mobile workers connect with workspaces. The app is aimed at both workers who do not have an office and those who have one but enjoy spending a lot of time away from it. Many employees can be as productive at a coffeeshop as they can at their actual desk.