Angela Merkel to startups and entrepreneurs:

Angela Merkel to startups and entrepreneurs: "Can we be friends?"

It's quite a love fest in startup world. There was Neelie Kroes recently in Brussels calling them "rebels without a cause" and saying she had decidedly motherly feelings about entr...


Cisco CEO: "I have $ 46 bn and I'm very bullish on European startups"

John Chambers, CEO and chairman of the board of Cisco, is in Barcelona this week for the World Mobile Congress, and he told the FT that he might spend his $ 46 billion gross cash war chest on acquisitions in Europe: “It’s no longer about beating your neighbour, it’s about who executes the best. I like some of the trends in Europe that I see. I’m very bullish about Scandinavia and Germany, and currently I’m... Read more

Neelie Kroes invests € 50 M in 5G development

Vice president of the European Commission and 'digital chief' Neelie Kroes said in a speech at the Mobile World Congress yesterday that she would invest € 50 million in the development of 5G wireless technology, the successor to 4G as part of 'wireless action plan'. The money will go to research and development into 5G technology. "I want the European industry to become a pioneer in 5G, based on European researc... Read more

Mobile payments explodes: news from Russia, Belgium

It really looks like 2013 will be the year we start to switch to paying with our smartphones. Last week, we wrote about Telefonica’s experiments with NFC and peer-to-peer payments. Today, news broke that Russian VC Runa Capital pumped $ 8 million in a series A round for mobile payment startup uBank. The money will be used to accelerate the already impressive growth of uBank. uBank was only launched two months a... Read more

Wow: Heilemann brothers buy back Daily Deal from Google

This is unusual: the two brothers Fabian (photo) and Ferry Heilemann sold their daily deals company 'Daily Deal' to Google last year for $ 114 million, and today they announced on the website that they have bought it back from Google. It's weird, because I recently saw Heilemann at HyBerlin, and he was talking about how lucky he was to sell the company at just the right time to Google - right before the collapse... Read more

Wooga: "We were profitable in 2012, no plans for IPO"

At a press briefing, Wooga founder and CEO Jens Begemann said that Wooga was profitable in 2012, although he declined to say say exactly how profitable. He also said that the company is growing fast - now with 280 employees (all of them in Berlin). Begemann made his remarks about profitability not to restore investors' faith in the gaming industry after Zynga's disastrous IPO, but rather to alleviate concerns of po... Read more