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Entrepreneurs

Entrepreneurs

Social news website Digg has been sold for just $500,000 after being valued at up to $175 million.

Digg, which was once the “internet darling” at the forefront of social news sharing and valued at up to a staggering $175 million, was sold to New York technology development company Betaworks for $500,000 in cash plus equity.

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Lana Galea View Comments
Entrepreneurs

A majority of Let it Flow members have the entrepreneurial spirit – come on, how else can you afford that luxury lifestyle? Luckily, these days you no longer need to find a generous venture capitalist in order to gather money for your great idea, as ‘crowdfunding’ has brought the ability to be an early investor to the masses. So where should you go in order to raise funds this new-fashioned way? Try the following sites, depending on what kind of mind-bending, world-changing, or easy-money concept that you might have.

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bob View Comments
Entrepreneurs

The nice folks over at Huffington Post pointed out that Apple now has a windfall of cash after yet another profitable year – and tried to point out the things that cash could theoretically purchase.

We’ve heard a lot of chatter as a result of that, with inexperienced pundits and passionate fanboys and equally devoted doubters all coming up with their own ‘Apple will TOTALLY buy’ situations. Rival companies? Sure. Environmental initiatives? Probably in our dreams. But what if Apple did use their piggy bank on something major, something ‘magical’? Here’s our favorite highly speculative scenarios that people have told us, and our two cents about them…

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bob View Comments
Entrepreneurs

You don’t need another list about Apple’s best gadgets, biggest failures, or trivia – there’s plenty of sources for that.  But due to the significant event of Steve Jobs resigning from Apple, writing about his impact on the computer industry and in many ways our digital lifestyle, it would be silly to not at least reflect on his influence.

Thank you Mr. Jobs, for the Mac, the iPod and much more, but also thank you for the lessons we have learned from your life…

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bob View Comments
Entrepreneurs

A businessman who died while allegedly riding a Segway scooter built by his own company has left an estate of more than £340 million to his family.

According to The Telegraph, Jimi Heselden, 62, was found in the River Wharfe at Boston Spa, West Yorkshire, UK, after accidentally plunging from a 30ft cliff in September last year. His Segway was found nearby.

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Lana Galea View Comments
Entrepreneurs

Formula 1 tycoon Bernie Ecclestone has hired legendary rocker Eric Clapton and pop group Black Eyed Peas to play at his daughter Petra’s £1.3 million Italian wedding.

Ecclestone, reportedly worth around £2.5 billion, hired the Black Eyed Peas to play at the wedding for £750,000, while Eric Clapton’s fee was £240,000.

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Lana Galea View Comments
Entrepreneurs

The world’s largest domain registrar, Go Daddy, has been sold to three private equity firms in a $2.25 billion deal, the company announced on Friday.

Go Daddy Group Inc.’s sale to KKR, Silver Lake and Technology Crossover Ventures comes as the company expects to top $1.1 billion in revenue this year through expanding Internet use which has resulted in the creation of more new websites.

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Lana Galea View Comments
Entrepreneurs

Apple has ousted Google from its number one position as the world’s most valuable brand, ending the Internet search giant’s four-year reign in the top spot, according to a new study by global brands agency Millward Brown.

The brand is now worth $153 billion, almost half Apple’s market capitalisation, according to the annual BrandZ study of the world’s top 100 brands.

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Lana Galea View Comments
Entrepreneurs

Getting the news of Skype being purchased by Microsoft was certainly a milestone – synonymous with free VoIP, this company (especially after an unfruitful acquisition by eBay) seemed destined to be on its own forever.  But like in any industry, there is always a bigger fish that is hungry; and instead of trying for an IPO, Skype made the move to be consumed by the software juggernaut.

The tech world will be buzzing about this for days, but is the USD $83 Billion purchase really one of the most impressive acquisitions ever?  And even more importantly, will it be a success? We would like to point out some other high-profile deals that you may like to know about.

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emerse View Comments
Entrepreneurs

Mexican telecommunications tycoon Carlos Slim has kept his spot at the top of Forbes magazine’s rich list for the second year, with estimated assets of $74 billion.

The 71-year-old’s wealth increased by a staggering $20.5 billion – 38 per cent –  over the past year, putting him well ahead of Microsoft founder Bill Gates for another year.

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Lana Galea View Comments