Also: LinkedIn reportedly buying Pulse Newsreader; is streaming music a real business?
Rather than competing for attention with Apple, who continues to dominate the media cycles and best-sellers list during their launch quarter, competitors are waiting until halfway in, when the iPhone is no longer new, and yet still not due for a refresh. … When the impression is that Apple will “only” release an S-class phone in any given year, consumers might be more interested in seeing what else is out there. They might be interested in seeing something different.
LinkedIn to buy Pulse Newsreader for more than $50 million [ALL THINGS D]
San Francisco-based Alphonso Labs, which makes the Pulse app for various platforms, has raised about $10 million from Redpoint Ventures, Greycroft Partners, Mayfield Fund, Lightspeed Investment Partners, New Enterprise Associates and Lerer Ventures. It has 20 million users who read more than 10 million stories per day.
U.S. demands China block cyberattacks and agree to rules [THE NEW YORK TIMES]
“Increasingly, U.S. businesses are speaking out about their serious concerns about sophisticated, targeted theft of confidential business information and proprietary technologies through cyberintrusions emanating from China on an unprecedented scale,” Mr. Donilon said in a wide-ranging address to the Asia Society in New York.
Can anyone turn streaming music into a real business? [THE VERGE]
Everyone wants streaming music to be cheap or free for listeners, offer every song ever recorded, be made available on every device, be consistently lucrative for the industry, and give new and established artists robust support for new music. We all want snow that isn’t cold or wet. In principle, everyone is willing to pay, and everyone is willing to compromise, but no one is willing to compromise enough.
Data mining for investors: DJ Patil [WALL STREET JOURNAL]
WSJ: What are some of the challenges investors face using data mining?
MR. PATIL:One challenge is that venture really focuses on the team. You’re not just investing in that space [or technology], you’re investing in people that can execute in that space.
That people aspect can’t always be captured in the data. You need the right chemistry. That’s where the people who have a lot of experience come along.
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