Archive for September, 2008

Here is a quote from Matt Murphy KPCB in regards to their iFund and what focus it has.

Matt Murphy, Partner, Kleiner Perkins Caufield & Byers: We are seeing at the iFund 15 percent enterprise, 85 percent consumer, with even distribution between social networking, games, communication and stuff like that. Right now they’re simple, lightweight, fun, easy to use — given that we’re only three months into this and six months since we launched the SDK, pretty good. Not bad revenue streams either. I’m most excited going forward about the next wave of more sophisticated applications.”

Read more at GigaOm here

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Gerbsman Partners has been retained by the Board of Directors of Identity Engines “IDEngines” or the “Company”; (), to solicit interest for the acquisition of substantially all of IDEngines’s assets, including its intellectual property (“IP”), in whole or in part (collectively, the “IDEngines Assets”)

The Company

Founded in 2004 and based in Sunnyvale, California, Identity Engines has raised approximately $26M in funding from leading Silicon Valley venture firms Horizon Ventures, Lightspeed Venture Partners, and Trinity Ventures.

IDEngines’s assets include patents, products, software, core team members, partially complete software features, prototypes, visionary product roadmap, trademarks, in progress trials, customers, and vendor relationships and market presence.

Interested parties can acquire IDEngines’s core technology, market presence, customer contacts and vendor lists, which would enable the purchaser to leverage existing business and customer relationships for sales growth purposes.

The sale of the IDEngines Assets is being conducted with the cooperation of IDEngines. IDEngines and its employees and retained consultants will be available to assist purchasers with due diligence and a prompt, efficient transition. Notwithstanding this offer of assistance, IDEngines should not be contacted directly without the prior consent of Gerbsman Partners or the IDEngines Board.

For more information, please contact:

Steven R. Gerbsman
(415) 456-0628

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Here is a excellent article from BusinessWeek about Appstore from Apple.

I was once an App Store skeptic. When Apple (AAPL) said it would use the iTunes online store to host a range of applications from third-party developers for its iPhone and iPod Touch mobile devices, I doubted that this newcomer to wireless would get things right in the first go. Surely major cellular carriers would block outsiders’ data-hogging features. And would Apple really let indie coders tinker with its vaunted iPhone?

As I write this, I’m eating crow. After trying out Apple’s App Store for the past few weeks, I can say categorically that Apple has hit another home run. The App Store has truly unshackled the high-end cell phone.”

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M&A: Turnaround and Distressed Debt Opportunities — Speaking Faculty Update — iiBIG’s 2008 Distressed & Turnaround Investment Forum, September 22-23, Las Vegas – Steven R. Gerbsman conference speaker.

For more information, please visit iiBig´s website here

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The economy pulled out of a dangerous rough patch in the spring, thanks largely to strong exports, but the rebound isn’t expected to last. Economic slowdowns overseas could make exports tail off just as Americans are hunkering down after the bracing impact of rebate checks wanes, plunging the country into another rut later this year.

Read more here

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