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OwnLocal
OwnLocal is an Austin, Texas-based digital advertising startup founded in 2010. History Lloyd Armbrust and Jason Novek founded Seeing Interactive in 2010. Backed by seed accelerator Y-Combinator, the company launched as a service for local newspaper, TV, and Radio stations. After its launch, the startup raised $1 million in seed funding from various investors, including Lerer Ventures, Baseline Ventures, and angel investors Joshua Schachter and Paul Buchheit. The company changed its name to OwnLocal in March 2011. In October 2011, OwnLocal received an undisclosed amount from a funding round led by Automattic, the developer of WordPress. The incubator 500 Startups also participated in the funding. The round raised the company's total funding to $2 million. OwnLocal was one of the first for-profit companies to receive funding from the Knight Enterprise Fund, a fund for media innovation. The company also received an equity investment in February 2013 from Digital First Ventures f ...
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Technology
Technology is the application of knowledge to reach practical goals in a specifiable and reproducible way. The word ''technology'' may also mean the product of such an endeavor. The use of technology is widely prevalent in medicine, science, industry, communication, transportation, and daily life. Technologies include physical objects like utensils or machines and intangible tools such as software. Many technological advancements have led to societal changes. The earliest known technology is the stone tool, used in the prehistoric era, followed by fire use, which contributed to the growth of the human brain and the development of language in the Ice Age. The invention of the wheel in the Bronze Age enabled wider travel and the creation of more complex machines. Recent technological developments, including the printing press, the telephone, and the Internet have lowered communication barriers and ushered in the knowledge economy. While technology contributes to econom ...
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Local Newspaper
A newspaper is a Periodical literature, periodical publication containing written News, information about current events and is often typed in black ink with a white or gray background. Newspapers can cover a wide variety of fields such as politics, business, Sport, sports and art, and often include materials such as opinion columns, weather forecasts, reviews of local services, obituary, obituaries, birth notices, crosswords, editorial cartoons, comic strips, and advice columns. Most newspapers are businesses, and they pay their expenses with a mixture of Subscription business model, subscription revenue, newsagent's shop, newsstand sales, and advertising revenue. The journalism organizations that publish newspapers are themselves often metonymy, metonymically called newspapers. Newspapers have traditionally been published printing, in print (usually on cheap, low-grade paper called newsprint). However, today most newspapers are also electronic publishing, published on webs ...
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Monterrey, Mexico
Monterrey ( , ) is the capital and largest city of the northeastern state of Nuevo León, Mexico, and the third largest city in Mexico behind Guadalajara and Mexico City. Located at the foothills of the Sierra Madre Oriental, the city is anchor to the Monterrey metropolitan area, the second-largest in Mexico with an estimated population of 5,341,171 people as of 2020 and the second most productive metropolitan area in Mexico with a GDP ( PPP) of US$140 billion in 2015. According to the 2020 census, the city itself has a population of 1,142,194. Monterrey is one of the most livable cities in Mexico, and a 2018 study found that suburb San Pedro Garza García is the city with the best quality of life in Mexico. It serves as a commercial center of northern Mexico and is the base of many significant international corporations. Its purchasing power parity-adjusted GDP per capita is considerably higher than the rest of Mexico's at around US$35,500, compared to the country's US$18,800. ...
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Fortune 500 Companies
The ''Fortune'' 500 is an annual list compiled and published by ''Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along with privately held companies for which revenues are publicly available. The concept of the ''Fortune'' 500 was created by Edgar P. Smith, a ''Fortune'' editor, and the first list was published in 1955. The ''Fortune'' 500 is more commonly used than its subset ''Fortune'' 100 or superset ''Fortune'' 1000. History The ''Fortune'' 500, created by Edgar P. Smith, was first published in 1955. The original top ten companies were General Motors, Jersey Standard, U.S. Steel, General Electric, Esmark, Chrysler, Armour, Gulf Oil, Mobil, and DuPont. Methodology The original ''Fortune'' 500 was limited to companies whose revenues were derived from manufacturing, mining, and energy exploration. At the same time, ''Fortune'' published companion "''F ...
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Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recommend ...
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For-profit Company
A for-profit corporation is an organization which aims to earn profit through its operations and is concerned with its own interests, unlike those of the public (non-profit corporation). Structure A for-profit corporation is usually an organization operating in the private sector which sets aims that eventually help the organization itself. This kind of a company makes shares of ownership available to the general public. The purchasers of those shares then become the company's shareholders; shareholders have bought a portion of ownership of the corporation by giving away certain amount of money (differentiating from company to company) or assets of a particular value. Such organizations are usually not aided by the government as they are working for private financial gains, unlike a non-profit organization, which exists to serve a mission. The nature of a for-profit corporation is such that it is required to pay applicable taxes and register with the state. Any donation which they re ...
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Austin American-Statesman
The ''Austin American-Statesman'' is the major daily newspaper for Austin, the capital city of Texas. It is owned by Gannett. The paper prints Associated Press, ''New York Times'', ''The Washington Post'', and ''Los Angeles Times'' international and national news, but has strong Central Texas coverage, especially in political reporting. The ''Statesman'' benefits from the culture and writing heritage of Austin. It extensively covers the music scene, especially the annual South by Southwest Music Festival. The newspaper co-sponsors Austin events such as the Capital 10K, one of the largest 10K runs in the U.S., and the Season for Caring charity campaign. In the Austin market, the ''Statesman'' competes with the ''Austin Chronicle'', an alternative weekly. Circulation In 2009, the ''Austin American-Statesman'' ranked 60th in circulation among daily newspapers, according to the Audit Bureau of Circulations. Figures from Scarborough Research show the ''Statesman'' — in print an ...
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500 Startups
500 Global (previously 500 Startups) is an early-stage venture fund and seed accelerator founded in 2010 by Dave McClure and Christine Tsai. The fund admitted a first "class" of twelve startups to its incubator office in Mountain View, California in February, 2011. They expanded to a second class of 21 in June 2011 and a third class of 34 in October 2011. History In 2012, 500 Startups acquired Mexican.VC, an accelerator in Mexico City, expecting to ramp up its investment in Mexico substantially. Through its investment in Alta Ventures, 500 Startups planned have better access to deal-flow in this region. 500 Startups LATAM is directed by Santiago Zavala and have startups like Platzi in its portfolio. As of February 2021, 500 Startups had invested in over 2,400 companies including Eat App, IDreamBooks, Little Eye Labs, myGengo, Cypheme, Cucumbertown, Visual.ly, Canva, Udemy, RidePal and Aircall. As of August 2015, more than 20% of the companies had participated in other incub ...
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WordPress
WordPress (WP or WordPress.org) is a free and open-source content management system (CMS) written in hypertext preprocessor language and paired with a MySQL or MariaDB database with supported HTTPS. Features include a plugin architecture and a template system, referred to within WordPress as "Themes". WordPress was originally created as a blog-publishing system but has evolved to support other web content types including more traditional mailing lists and Internet fora, media galleries, membership sites, learning management systems (LMS) and online stores. One of the most popular content management system solutions in use, WordPress is used by 42.8% of the top 10 million websites . WordPress was released on May 27, 2003, by its founders, American developer Matt Mullenweg and English developer Mike Little, as a fork of ''b2/cafelog''. The software is released under the GPLv2 (or later) license. To function, WordPress has to be installed on a web server, either part of ...
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Automattic
Automattic Inc. is an American global distributed company which was founded in August 2005 and is most notable for WordPress.com (a freemium blogging service), as well as its contributions to WordPress (an open source blogging software). The company's name is a play on founder Matt Mullenweg's first name and automatic. Automattic raised US$846 million in six funding rounds. The last round of US$288 million was closed in February 2021. A subsequent private stock buyback valued the company at US$7.5 billion. The company had 1,930 employees as of March 2022. Its remote working culture was the topic of a participative journalism project by Scott Berkun, resulting in the 2013 book ''The Year Without Pants: WordPress.com and the Future of Work''. CEO Matt Mullenweg allows company employees to work from wherever they want, whenever they want. History On January 11, 2006, it was announced that Toni Schneider would be leaving Yahoo! to become CEO of Automattic. He was previously CEO ...
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Paul Buchheit
Paul T. Buchheit is an American computer engineer and entrepreneur who created Gmail. He developed the original prototype of Google AdSense as part of his work on Gmail. He also suggested Google's former company motto ''Don't be evil'' in a 2000 meeting on company values, after the motto was initially coined in 1999 by engineer Amit Patel. Early life and education Buchheit grew up in New York. He attended Case Western Reserve University in Cleveland, Ohio where he studied computer science and rowed crew. Career Buchheit worked at Intel and later became the 23rd employee at Google. At Google he began developing Gmail in 2001, with its innovations in search and storage. He also prompted what would become AdSense. Leaving Google in 2006, Buchheit started FriendFeed, which was launched in 2007 with partner Bret Taylor. FriendFeed was acquired by Facebook in 2009 in a private transaction that resulted in Buchheit being a Facebook employee. In 2010, Buchheit left Facebook to become ...
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