Lily Camera RIP : Company files for bankruptcy after taking in $34 million dollars in pre-orders and investments

Lily Robotics, a start-up operating from the domain Lily.Camera, has filed for bankruptcy, having taken in more than 60,000 pre-orders that were never shipped. After seed investors poured in millions of dollars in funding, the company started taking in discounted pre-orders for a revolutionary drone that possessed advanced navigation capabilities. The footage, however, was shot […]

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Avocarrot : Greek native mobile ad start-up sold for $20 million

Greek native mobile ad exchanger, Avocarrot, has been sold to Glispa Global Group for $20 million dollars. Berlin-based Glispa thus acquired its third such ad tech company in two years. The acquisition was announced on the Avocarrot Facebook earlier today. Avocarrot, with offices in Athens, London and San Francisco, was co-founded by Greek Cypriot Conno […]

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Y Combinator : Which TLDs are preferred by funded start-ups?

Seed funding is the earliest stage of venture funding; it helps pay for a start-up company’s expenses, while they are getting started. Y Combinator is a platform for angel investors, providing seed funding for startups. How much funding a start-up needs depends on the kind of company one launches. At Y Combinator, small investments are […]

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Indian domain market and start ups : Do you really own your domains?

Indian start-ups are enjoying an increased availability of angel investment capital, in an emerging market. Many seize this opportunity to spend money on brand development, including the acquisitions of premium domain names. While numbers differ in India in terms of absolute numbers, spending 30% of one’s budget to achieve brand awareness and secure a domain […]

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Start-up shocker: Do you still support .io domains after reading this?

A great investigative article at GIGAOM unveils “The dark side of .io” – the article reveals how the only benefactor from the registration of dot .io domains, is the British government. Making earnings from a “shady Cold War land deal“, the article describes the formation of the British Indian Ocean Territory, part of which is […]

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