n every coffee shop and Internet café in Silicon Valley, tech hotshots dream about turning their ideas into a million-dollar winner.
Few, though, probably think they can do it in three months.
But that is exactly what happened to Adam Cahan. Just 12 weeks ago, he started IntoNow, a social-networking tool that allows TV viewers to identify shows they are watching and tell their friends.
Yesterday, he sold the company to Yahoo! for between $20 million and $30 million -- including costs to retain the seven-person staff, according to people familiar with the matter.
IntoNow, founded in Palo Alto, Calif., works similar to Shazam, an application that works in the music sector.
"Twelve weeks might be a record of sorts" from startup to exit, said Cahan, who is a new vice-president at Yahoo! following the sale.
Indeed, the acquisition is among the more buzzed-about deals so far this year and indicates how hot the tech sector continues to be. IntoNow represents the latest trend in "checking-in" that started with real-world services such as Foursquare and migrated to the virtual world of sharing one's digital whereabouts.
"Relying on social channels as a means for discovering content -- whether it's on a PC, mobile device or TV -- is rapidly on the rise," Yahoo! said in a statement yesterday.
IntoNow has only been developed for the iPhone so far, but Cahan said the team would work to make it available on a number of devices.
Yahoo! has been criticized in the past for certain acquisitions that ultimately have been the death knell for innovative startups, but Cahan said he would not have sold it to the Sunnyvale, Calif., company if he didn't think it would succeed.
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Read more: http://www.nypost.com/p/news/business/from_rags_to_internet_riches_in_a1TPeU4p6kz0lnsCgHYEaP#ixzz1LKVCOh9v
Tuesday, May 3, 2011
WHY THEY THREW OSAMA BIN LADEN CORPSE INTO RIVER
As no country was ready to accept the body of the treaded September 11 2001 twins tower aircraft bomb master organiser and other subsequent bombing all over the world, not even saidi Arabia his home country for they had disowned him since nor palesina where he was seeking refuge in a reasonable big masion,he was not invariably hiding,but is just that is difficult to find an individual by a govt .
The navy seal,the special squad that did the raid and kill is left without nothing but to just tie an heavy object on this dead him,flew him to a height and threw him to the fishes oooooo.Although The America or US Special Military Force did it for security reason, LIKE they don’t want trace and this- one- do- this- one- and –this- one- did- this story and use his body for business.
is also to disrespect the personality of osama.They prove to him that even at death he is not worthy of a decent buria as hehad kill many through his universal alQuada.
They treated like a fowl that was hit by a vehicle.
Sunday, May 1, 2011
funny joke video you must watch
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