Consolidation is coming to gaming, and Jam City raises $145 million to capitalize on it

A slew of banks are coming together to back a new roll-up strategy for the Los Angeles-based mobile gaming studio, Jam City and giving the company $145 million in new funding to carry that out. There’s no word on whether the new money is in equity or debt, but what is certain is that JPMorgan Chase […]

Apple plans major US expansion including a new $1 billion campus in Austin

Apple has announced a major expansion that will see it open a new campus in North Austin and open new offices in Seattle, San Diego and Los Angeles as it bids to increase its workforce in the U.S. The firm said it intends also to significantly expand its presence in Pittsburgh, New York and Boulder, Colorado […]

Meet the startups in the latest Alchemist class

Alchemist is the Valley’s premiere enterprise accelerator and every season they feature a group of promising startups. They are also trying something new this year: they’re putting a reserve button next to each company, allowing angels to express their interest in investing immediately. It’s a clever addition to the demo day model. You can watch […]

Ex-Zynga execs raise $15 million for their new gaming studio, Manticore Games

 In the eight years since Frederic Descamps and Jordan Maynard launched their last gaming startup, the industry they helped shape now brings in more than $100 billion in revenues globally. There’s been a resurgence in gaming on PCs. User-generated content has produced a string of wildly popular hits. Those trends are exactly what the two […]

Small startup shows us the wrong way to incentivize programmers

A small Los Angeles-based company, Bee Technologies, recently made a stir on Reddit by asking potential unpaid interns to complete a fairly complex software product before they were “hired.” The resulting conversation is interesting simply because it shows where “passion” for a job stops and “ridiculousness” starts. The exchange began innocuously enough. A programmer, Sina […]