Business

Goko, a new HTML5 games company based in Redwood City California is set to help game developers easily distribute and monetize social games. Goko was founded by Ted Griggs as CEO and Kevin Binkley as CTO.

Goko is backed by Redpoint Ventures and Aslop Louie Partners from whom it raised raised $8m in Series A funding.

As IBM goes flash with its acquisition of Texas Memory Systems and the recent public launch of Data Collective for Big Data entrepreneurs DNA was the least expected move for storage.

A Harvard researcher says data can now be stored in human DNA devices with more capacity to store exploding quantities of digital data.

Google has confirmed it firing 20 percent of Motorola Mobility employees. A company it bought in May.

The company will also close a third of its offices worldwide. According to Google’s SEC filing on the 3rd this month and signed on the 13th 2012 Google will go ahead with and reduce the motorola unit’s 20,000 employees by 4,000 with two thirds of the cut in the US.

A tweet by Yahoo CEO Marissa Mayer on August 9th caused a stir in the tech scenes. A new venture fund had been launched, not because it was her husband’s but it was a totally unique and different fund and a timely move.

The Thursday launch of Data Collective demonstrates the increasing uptake of Big Data and signals a new door for entrepreneurs building Big Data companies.

Not everyone turns to angels or VCs to raise money, as evidenced by the massive trend in crowdfunding. President Obama further solidified this approach to fundraising with the passage of the JOBS Act allowing small businesses and startups to raise up to $1 million a year without requiring a public offering.

Jobscience early today acquired Atomkeep in a move the company says was to help job seekers validate their social image over the various social networks to avoid mistaken identities from would be employers.
Jobscience says on their blog that it was built on salesforce.com’s Force.com platform and gives social entreprises recruiting and talent management solutions.

Last week we told you about Viddy’s new public API for developers. Viddy also announced another program, The Rule The Beach. Today we bring amazing news for Silicon Beach entrepreneurs apart from the $10,000 prize.

TechZulu caught up with Nate Redmond managing partner of Rustic Canyon and he tells us what is happening in the LA Tech Scene.

Ross Levinsohn the then interim CEO has today left Yahoo. Ross Levinsohn was appointed interim CEO after a resume flaw was found on the then CEO Scott Thompson.
Levinsohn has left Yahoo and has not revealed his next task yet. He leaves after the Yahoo board chose Marissa Mayer as new CEO by passing him again. Levinson’s exit was not unexpected, the board had earlier by passed him for Scott Thompson.

Yesterday Viddy, the social video sharing site announced the launch of their public API for developers to build around the platform and come up with new ways of sharing video. To top it off they also announced a “Rule the Beach: Hack Your Way into Viddy” developer competition in a blog post:

Thomas Power CEO of Ecademy Interview. You can skip to the 2nd hour about the future and visions about Social Media. Great discussion and insight on what the future may hold.