Posts Tagged ‘commerce’

Big Fish and BlueStacks Partner to Let PC and Mac Gamers Download Android Titles

October 23, 2013  |  All Things Digital  |  No Comments

Big Fish, the casual-games studio that runs a downloadable-games store , is adding mobile Android titles to that store by way of a new deal with app-virtualization company BlueStacks . The companies are pitching the partnership, announced at Casual Connect Kiev , as a new potential revenue stream for mobile-focused developers. Big Fish reports that it has served two billion game downloads since 2002.

Read More

NetSuite Acquires HR Software Player TribeHR

October 22, 2013  |  All Things Digital  |  No Comments

Interesting development in the enterprise cloud software business today. NetSuite, the company that sells a cloud-based enterprise-resource management suite — applications that are used to run a company’s operations — is extending into the human resources area. NetSuite (that’s CEO Zach Nelson in the picture) said today it would acquire TribeHR, which is a player in the Human Capital Management space, and which, like NetSuite, goes after mid-market companies. So think of it as a Workday or a SuccessFactors for smaller companies. TribeHR is a four-year-old company based in Waterloo, Canada, and it has 450 customers in 50 countries. Financial terms of the deal aren’t being disclosed, but NetSuite said it will talk about it in more detail when it reports quarterly earnings later this week. It’s NetSuite’s second acquisition this year. In January it got into the retail point-of-sale business by acquiring Retail Anywhere . Looks like NetSuite is going to remain acquisitive for the time being. NetSuite shares rose by less than one percent after the deal was announced to close at $109.19 today. The rise probably had more to do with the fact that JMP Securities hiked its price target on NetSuite to $115 from $98 in a research report today. And the reason for that was word from SAP over the weekend that it intends to cut back on development of Business ByDesign , a product that was created to compete with NetSuite.

Read More

Where Do Startups Shop for Financial Talent? eBay.

October 22, 2013  |  All Things Digital  |  No Comments

Meet the eBay Mafia. That is the tongue-in-cheek name for the at least 20 executives who have become chief financial officers in Silicon Valley and beyond over the past three years after training in the big e-commerce company’s finance department. Many of these eBay Inc. alumni stay in touch with one another, regularly sharing tips about the growing pains of startups and initial public offerings, while waxing nostalgic over a bottle of Cabernet Sauvignon at a trendy San Francisco restaurant. Read the rest of this post on the original site »

Read More

Brit Morin’s Media Startup Is Betting Big on Commerce No Matter What You Say

October 17, 2013  |  All Things Digital  |  No Comments

The media world is still waiting for all the hype around combining content and commerce operations under one brand to translate into a successful model. As it does, some media organizations that had pursued selling products are already giving up on the trend. Brit Morin knows that, but she thinks her media property Brit + Co. will be the exception. The two-year-old media site, which publishes content aimed at women who like do-it-yourself projects, is today dramatically increasing the number of products available in its e-commerce shop to several thousand. “For Refinery29 and PopSugar, which are definitely in the women’s lifestyle category, they write a lot about celebrities and entertainment, so it feels a little off when they start integrating products everywhere,” Morin said. “But all our content is about a product, either something that you can make or buy. So [the e-commerce shop] is much more authentic.” The shop previously focused exclusively on selling do-it-yourself craft kits

Read More

Stationary Startup Minted Raises $41M for Larger Crowdsourced Design Push

October 16, 2013  |  All Things Digital  |  No Comments

A few years ago an unknown designer from Galena, Ohio asked for feedback on a wedding invitation design on the crowdsourced design site Minted that had fireflies flying out of three Mason jars. Minted commenters helped strip the design down to a perfectly twee finished product with a single jar, which was posted on the site. Paige Rothhaar’s “ Fireflies ” has now sold more than a million dollars worth of print-on-demand stationary on Minted. The designer won a cash prize on Minted and continues to receive at least six percent of retail sales. “On the right substrate, the combination of medium and design are magical,” says Mariam Naficy, founder and CEO of Minted. Naficy has just raised $41 million in Series C financing for Minted led by Technology Crossover Ventures and including Allen & Company and Benchmark Capital. Minted is also backed by some 37 angel investors including Kevin and Julia Hartz, Jeremy Stoppelman and Marissa Mayer. San Francisco-based Minted has “substantial eight figures of revenue” (meaning tens of millions), growing more than than 100 percent per year, and is cash-flow positive, Naficy said. Minted founder and CEO Mariam Naficy After six years on $11 million in funding and with 115 employees, “Once we started researching how much we had underfunded the company, we realized we had a much bigger opportunity,” Naficy said. Minted has started expanding into products that aren’t printed on paper, like party favors, and Naficy’s goal is for the site to become a broader crowdsourced design marketplace. This week Minted announced its first retail partnership, a selection of wall art to be sold at West Elm. Who uses Minted? Brides and moms. Naficy won’t give an actual customer number, but said Minted cards have so far been received in 29 million households. Of 5,000 designers, 98 percent are women and 40 percent are mothers. “We see lots of submissions at 1 a.m. and 2 a.m.,” Naficy said. “And I, being a mom myself, am right there with them.” “This is blurring the line between a lay person with a great hobby and professional,” Naficy said, pointing to other crowdsourced design businesses like Threadless, Quirky and 99designs

Read More

Foursquare Opens Up Its Self-Serve Ad Platform

October 14, 2013  |  All Things Digital  |  No Comments

Asa Mathat / If you want to be a big Web/mobile company that makes money selling advertising, then eventually you need to give small advertisers the ability to buy ads from you without talking to another human. Facebook built this kind of self-serve ad business a few years ago, and Twitter is building one, too . Google makes a ton of money from self-serve. And now Foursquare has one , too. If you’re a Foursquare user, you probably won’t notice any change to the service, but if you look very carefully, you may see more local shops and restaurants pitching you in places where Denny’s used to buy ads. The change is on the flip side, where Foursquare has built a platform that lets a local bar or restaurant buy an ad without ever picking up the phone. Foursquare started testing the software this summer , and says it has tried it out with a thousand buyers so far. Now anyone can buy an ad on a cost-per-action basis, as long as they’re willing to spend at least $50 a month. If Foursquare is going to be a standalone business, self-serve will be important. If it eventually ends up selling to someone like Apple or Yahoo, presumably for the value of the data it has built up over the last four years, its ad platform won’t really matter that much. What still matters a lot to Foursquare is whether more people are using the once-buzzy discovery service

Read More

ShopRunner’s Scott Thompson: We’re Building So Much More Than An Amazon Prime Competitor

October 12, 2013  |  All Things Digital  |  No Comments

Earlier this week, ShopRunner, the two-day online retail shipping service, said it had raised a giant $200 million-plus investment from Chinese e-commerce giant Alibaba and American Express. With the investment, Alibaba Executive Vice Chairman Joe Tsai joined ShopRunner’s board. The investment size was surprising for many reasons, but mostly because of how large it was and how seemingly cost-effective ShopRunner’s current model is. What in the world does ShopRunner need all that money for? ShopRunner partners with retailers and brands such as Brooks Brothers and Calvin Klein to provide free two-day shipping to ShopRunner members who shop at the partners’ online stores. ShopRunner members pay $79 a year or $8.95 a month for that privilege. The brands and retail operations handle all the packing and shipping, with ShopRunner plugging into their backend systems to make sure its members are getting their orders when promised. ShopRunner takes two to five percent of each Shop Runner-eligible purchase a member makes on partnering e-commerce sites. In return, the company attempts to prove to its retail partners that it is bringing them new, repeat customers who will spend more than non-members. I spoke this week with ShopRunner CEO Scott Thompson, who’s making a run at a redemption after after the controversy over inaccuracies on his resume forced his departure from Yahoo where he was briefly CEO. Here’s an edited version of our conversation. That’s a huge investment. Why Alibaba and why so much money? Scott Thompson: Think of this as a growth-equity type infusion. We are at right at this point where we know the product is solid, know the experience is real good and getting better by the day, we’ve launched our mobile apps and are beginning to see some early traction on that. And this month we’ll cross a million members [including some non-paying ones who’ve signed up through an American Express partnership]. With this infusion of cash, this is the perfect time for this business. I hate to say it because every startup does, but we’re at this inflection point

Read More

Airbnb Fights New York Subpoena of User Data

October 7, 2013  |  All Things Digital  |  No Comments

Airbnb just got itself and one of its hosts out of a legal jam in New York City , but late on Friday the company was subpoenaed by the New York Attorney General in an effort to obtain user data that might indicate illegal rental activity. “[T]his demand is unreasonably broad and we will fight it with everything we’ve got,” the company said . Airbnb CEO Brian Chesky had tried to fend off regulators in advance with a blog post last week, but he did not make any major concessions. The company says it has 15,000 hosts in the city, and 225,000 members.

Read More

New Jersey’s Online Gambling Planned to Start in Late November

October 4, 2013  |  All Things Digital  |  No Comments

Online gambling in New Jersey will soft-launch on Nov. 21 and then launch in earnest on Nov. 26, the Associated Press reports . The state’s Gaming Enforcement Division will use the soft launch to make sure the participating landed casinos’ Web partnerships work as expected, according to the report. Analysts expect the global real-money online gambling market to reach $40 billion in annual revenue by 2015.

Read More

PayPal Brings Amazon Prime-Like Shipping to Levi’s and Other Retailers

October 3, 2013  |  All Things Digital  |  No Comments

Online shoppers who pay with PayPal will be able to get free two-day shipping on purchases from,,, and a handful of other online retail shops, PayPal announced today. The test, as PayPal is calling it, will run for a limited time, with program duration varying by merchant.

Read More