Will SXSW Reveal the Next Technology Trend?
SXSW opened up big doors for Twitter, but do all businesses that get accolades at the festival go on to greatness? We look back at past award winners to see how they fared.
SXSW opened up big doors for Twitter, but do all businesses that get accolades at the festival go on to greatness? We look back at past award winners to see how they fared.
Before Facebook goes public next year, it wants to know a bit more about what you do when you're out in public. The social networking giant is acquiring geo-social app startup Gowalla.
With 20,000 attendees and corporate outposts by the score, this year's South by Southwest Interactive has a carnival-like atmosphere. From its origin as a sort of spring break for nerds, the event has grown into something more like Disneyland for adults.
What's to look forward to in tech for 2011? Here are a few: Consolidation in enterprise computing, a check-in shakeout (Foursquare's Dennis Crowley pictured) and a surge in crowd-sourcing businesses.
Check-in service Gowalla was always prettier than mobile social network leader FourSquare, but it still could never catch up with its rival. Its new version, Gowalla 3, could change that: It allows users to easily check in on multiple social networks and track friends across them. Goodbye, check-in fatigue; hello competition.
To get me and the masses of Americans to check in more often, I think Gowalla, like Foursquare, will have to find a better way to show me the do-re-mi.
Check-in phenom Foursquare just passed 3 million users, a milestone that cements its growing lead in mobile social networking. But how did it outrace competitor Gowalla, which was born at the same time and with arguably better technology? By having the right real world social networks, of course.
Location-based services have seen rapid growth, with Foursquare in the lead. Facebook, wanting a piece of the action, has bought NextStop. The social travel recommendation site's location-based technology and engineering talent will be valuable to Facebook.
The idea may seem somewhat silly, but location-based services, such as Foursquare, Gowalla, Loopt and others, are likely to become an enormous market. And investors are racing to get a piece of the action, which will escalate valuations.
Mobile networking service Foursquare announced Tuesday that it has raised $20 million in venture capital, bringing its valuation to a cool $95 million. Will the new round of funding put to rest recent acquisition rumors?













