Tech-industry employment in Silicon Valley fell by 17 percent from 2001 to 2008, with some sectors hit harder than others, reports The New York Times. Read More
I’m here at Y Combinator’s Demo Day, where the latest batch of the incubator program’s startups are showing off the fruits of their labor to a room of press and VCs from around Silicon Valley. The turnout today is huge — VCs representing billions of dollars in managed funds are here, with investors from US Venture Partners, XG Ventures, Founder’s Fund, Greylock Ventures, First Round Capital, Bessemer Venture Partners, True Ventures, Freestyle Capital, Venrock, O’Reilly AlphaTech Ventures, FBfund, renowned angel investor Ron Conway and more in attendance. There are also plenty of executives from established companies, including Google exec Bradley Horowitz. Past Demo Days have certainly received their fair share of attention, but it seems like YC’s larger class size, and perhaps the companies themselves, are bigger draws than ever. Read More
In Amsterdam today, the makers of mobile Augmented Reality (AR) browser Layar announced version 2.0 of the browser as well as a slew of new layars which have been produced since they opened up their API to developers. A ‘layar’ is information overlaid on the camera view of your mobile phone, e.g. the asking price of an apartment for sale in the building your camera is pointed at. Layar will be pre-installed on the new Samsung Galaxy Android phone about to be released in the Netherlands and the Android version of the browser is available for download in the Android app store. The iPhone version will be available as soon as Apple updates its API to allow access to the iPhone camera. Read More