- Curt Schilling’s 38 Studios lays off entire staff [Boston Globe] Philadelphia Video Game lab co-founder Nathan Solomon commented on the PSL listerv after the announcement saying, “Several folks have asked me about game developers for various startups, so I thought it might be helpful to mention that yesterday 38 Studios laid off all of their employees. That’s 250 up in Rhode Island, and 100 down in Baltimore (at Big Huge Games). The Baltimore folks represent a lot of game expertise flooding the market a couple of hours south of here, and those living north of that city may well be in commuting distance of Philadelphia.”
- How We Founded myYearbook [Inc.com] “It’s hard not to wonder just what the Cook parents fed their kids, Geoff, Dave, and Catherine. Geoff founded a business while attending Harvard—and sold it in 2002 at the ripe age of 24. That inspired Catherine and Dave to launch myYearbook, a social networking site for high school kids, in 2005. When the site, based in New Hope, Pennsylvania, took off, Geoff stepped in as CEO. (Dave spent the past four years at college in Colorado but recently returned.) Last year, myYearbook, one of the nation’s 25 most-trafficked websites, merged with Quepasa, a publicly traded company that runs social networking sites aimed at Latinos, in a $100 million deal. The Cooks still run the show and are focused on graduating to a global market.”
- SAP’s Ariba acquistion brings back memories of Verticalnet [Philly Tech News] “SAP’s $4.3 billion acquisition of SaaS business commerce exchange Ariba, announced this past Tuesday, brings back memories of one famous (perhaps infamous to some) Philly area startup, Verticalnet. Founded in 1995 in Horsham as Water Online by Michael Hagan and Michael McNulty and later boosted by an investment from Internet Capital Group (which in turn had backing from Safeguard Scientifics), Verticalnet set out hoping to be what Ariba eventually became; a portal connecting buyers and sellers in different business to business vertical markets to streamline procurement and electronic transaction processesing between them.”
- Q&A: Philadelphia Fed President Charles Plosser [WSJ.com] “Federal Reserve Bank of Philadelphia President Charles Plosser spoke Saturday with The Wall Street Journal’s Brian Blackstone in Eltville, Germany. Mr. Plosser discussed risks to the U.S. from the Greek crisis, the Fed’s tools to contain any fallout and the central bank’s evolving communications strategy.”
- Scott Fraser Tweets cofounder and CEO Ned Moore’s last day at McKesson [Scott Fraser’s tweet via Philly Tech News] “Scott Fraser, former CTO & co-founder of healthcare IT firm Portico Systems of Blue Bell, now Vice President, Software Development at McKesson Health Solutions, which acquired Portico last year for $90 million, tweeted last week that it was co-founder & CEO Ned Moore’s last day at McKesson. Moore, who recently joined the board of Core Solutions, another healthcare IT firm based in Wayne, has something else local lined up which should be announced soon, Fraser also tweeted.”
- PhillyInc: For a pair of big local companies, shareholders gather [Philly.com]
- Nipun Mehta, Founder Of Service Space, Delivers Inspiring Graduation Speech To Students At The University Of Pennsylvania [Huffington Post]
- SnipSnap: How a Newspaper Vet Aims to Remake Paper Coupons For the Mobile Er [Readwriteweb]
- Tech Life: Inventors turn to accessorizing the iPhone [Inquirer]
- Fox Rothschild Selects Philadelphia Technology Park as Primary Data Colocation Center [BusinessWire]
- The Komen Philly App for iPhone & Android [The Archer Group]
- Amazon to build warehouses in N.J., collect sales tax [Inquirer]
- Five Youth Entrepreneurs to Compete at NFTE Philadelphia Regional Business Plan Competition on June 4 [BusinessWire]
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