For the spillover

The short answer is “as much as you need”. The more tactical answer is “as much as you can raise cheaply”. The latter is a pragmatic view. Raise more than you need when times are good. Just because you raise it does not mean you need to spend it – capital efficiency is always good!

In this post I look at what VC are saying SaaS ventures need to raise to get to scale and profitability. But I’ll also look at what VC are doing – what SaaS deals they are funding currently. I look at the capital efficiency drivers, what you can do to reduce your need for capital. And finally, I show you which VC are active in SaaS today.

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What Are VC Saying?

The answer according to Bruce Cleveland of Interwest is about $40m.

Take that seriously. Cleveland is a SaaS specialist with serious operational experience who has done his research on this subject. But as he points out, the details matter. There are two points of caution:

1. This is looking in the rear view mirror at ventures funded some time ago that did an IPO in 2007 or earlier. It is a different world today – less capital available and less need for capital.
2. VC are happy with models that require a lot of capital. Capital is what they have to offer and if you need a lot they are in the driving seat.

Lets look at the operational details, the capital efficiency drivers, in a minute. First, lets see what VC are…

Earlier today Venture Hacks announced the launch of the AngelList – a curated list of angel investors with an interest in early-stage funding pitches. According to a blog post by Venture Hacks cofounder Babak Nivi, legendary investors like FF Fund angel Dave McClure, Techstars’ Brad Feld and SoftTech VC’s Jeff Clavier are among the site’s first participants. ReadWriteStart caught up with Nivi to find out why he was moved to create the resource.

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“Entrepreneurs are always asking us if we know any angel investors.” He says, “It’s one of the most common questions in the startup world. So we decided to make a list of the ones we know and also open it to ones we didn’t know. We also needed a place to keep track of the angels we know for our own reference. Hence AngelList!”

Anyone who has made $25,000 dollars in investments in 2009 and plans to do the same in 2010 is eligible to apply for the list. Participating investors receive information on three vetted startups per week and a place on the Venture Hacks blog and AngelList Twitter account. While some Angels may shy from displaying their contact info to the public, the list is actually a much better way to manage the pitch process as entrepreneurs are made well aware of investor objectives and interests. Startups can browse the site for contact information, investment criteria, trusted referrers and an investor’s current portfolio.

Explains Nivi, “Entrepreneurs spend a lot of time trying to get intros to investors – even the…

The iPhone Dev Team has put the latest redsn0w jailbreaking tool up for your downloading pleasure, for use with iPhones and iPod Touches running OS versions 3.0 and 3.1.2. [Redsn0w via SlashGear]

Coming on more like a high-performance gaming mouse than a handy travel gadget, the new V2 Chargepod from Callpod takes the original multi-device charger and, well, supercharges it.

In addition to cellphones and USB-powered peripherals, the V2 will also juice a notebook (Mac or PC), a portable DVD-player or other power-hungry gadget, and there’s even a space for a camera battery charger. It works as a USB hub, too, so you can sync your iPhone or upload photos as you charge.

In short, it is all the chargers you’ll ever need, in a box the size of your current notebook’s wall-wart (and the shape of some future X-box handheld). Why on earth wouldn’t you buy this to replace all the junk you normally take on a trip? Well, there’s a catch.

The Chargepod might replace all your other chargers and hubs, but it costs the same as all of them put together: $200. For the frequent traveler, that’s a bargain. For the rest of us, it’s a little steep. And don’t forget, you’ll need to buy some cable-tips for your devices, which come in at $10 each. Available soon.

Chargepod [Callpod. Thanks, Steve!]

The duaLink cable is essentially a specialized USB hub: It splits from one USB connector into two iPod/iPhone cables. Great for incredibly rich people with two iPhones, or upper-middle-class folk with two iPods. Available now for $26. [Engadget]

By day, the Airstash is a common, ordinary USB card reader. But by night, it dons the mantle of wireless connectivity, taking to the streets and sharing pictures an images in an ad-hoc, daredevil manner.

The Airstash looks much like a regular card reader, with a USB plug on one end and an SD card-shaped hole in the other. In between you can find a tiny, battery powered 802.11 b/g Wi-Fi router. Slot in a card and it can be reached wirelessly through the web browser of any Wi-Fi enabled computer or phone.

The design is simple, but the uses are manifold. You could use this to wirelessly copy photos from card to computer, but that, apart from saving you a USB port, is a little boring. What about carrying an extra 32GB of movies and music that can be streamed from the built-in server direct to your iPhone? Or creating a fully functional wireless network for sharing, well, anything? Because it uses vanilla Wi-Fi, it works with anything. And because it uses USB, it charges when you plug it into a spare port.

The product was shown last week at CES, and right now has neither a price or a shipping date (”available soon” is the only hint on the product page). If it is cheap, and if the battery in such a tiny case can last long enough to be useful, then this could be a very useful toy. And if it is given away at next
year’s CES in the same…

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CSS and JavaScript are extremely powerful tools for designers and developers. However, sometimes it’s difficult to come up with the one excellent idea that would solve a problem that you are facing right now. Good news: almost every day designers and developers come up with fresh and clever CSS tricks and techniques and share them with other developers online. We regularly collect all these tricks, filter them, sort them, revise them and prepare them for Smashing Magazine readers.

In this post we present 45 useful CSS/JavaScript-techniques that may help you find clever solutions to some of your problems or just get inspired by what is possible with CSS. We cover interesting CSS-techniques, navigation menus, CSS typography, CSS lists and CSS buttons. The focus of this post lies on CSS; please notice that some of the techniques use JavaScript or PHP for enhanced functionality.

Please notice that this is the first part of our large round-up of fresh CSS/JavaScript-techniques. Other techniques (CSS tables, CSS layouts, CSS for Mobile and CSS forms) will be featured in an upcoming article. So don’t forget to subscribe to our RSS-feed and follow us on Twitter for similar articles and a stream of useful resources. Please also let us know what we should change or improve in our future posts!

We are aware that many readers are tired of “lists” floating around in the Web, but we are confident that the vast majority of our visitors will benefit from this post format and will find at least some of the techniques featured in…

Brazil is one of my favorite countries. Cool people, great music, heavenly beaches, and caipirinhas. But if you have to buy a Mac, you are screwed. And like this graphic shows, it’s the same in other places in the world.

Brazil wins, however: The price of one MacBook Pro 17″ there buys you two identical models in the US. It’s the same with other Apple products, so if you can’t live without your Apple fix, you better move to another country.

I’d take the caipirinhas and the beaches, thank you very much. [cmyplay—Thanks]

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We’re all mostly accustomed to educating ourselves by reading articles. Rare are the opportunities to attend conferences or watch live shows on subjects that we’re interested in. That’s why we are presenting here phenomenal videos and related resources on the topic of user experience (UX) by different presenters at different events. We have focused on current content but have included some older videos that are still relevant. It will take you more than 16 hours to watch all of these videos. So, make some popcorn, turn off the lights and enjoy.

User Experience Videos

The State of User Experience
Jesse James Garett, founder of Adaptive Path and author of the book The Elements of User Experience, speaks on what UX and UX design is, what UX looked like before and what are some of the challenges people are encountering now. He cites engagement as the main goal of UX design and, through some fantastic examples, shows that engagement is an universal quality achieved through visuality, sound, touch, smell, taste, body and mind. One of the most impressive moments from the session is when Jesse compares Beethoven to an experience designer, accompanied by the Ninth Symphony. Duration: 40 minutes.

UX Best Practices
In this excellent video session, Nick Finck pries open the most popular websites today, including eBay, Amazon, Toyota, Flickr, Twitter and Netflix, to explain user experience best practices. Nick discusses both the good and bad experiences on these websites on the basis of visual design, information architecture, interaction and ease of use. For those unfamiliar with UX,…