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From Israel to Pakistan, Community is Key When Building a Startup (Google I/O)

VC Cafe

Google I/O: It’s a startup world. To achieve the trifecta of startup success (money, talent, ideas), a vibrant startup community can make the difference between success and failure. Below are the highlights from the panel as well as some interesting audience questions. . They were sporadic.

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Facebook Acquires Israel’s Snaptu For an Estimated $60-70 Million

VC Cafe

Facebook surprised with its first acquisition in Israel today (and its second acquisition outside of the US), with the announcement that it is buying Israeli startup Snaptu (previously known as Moblica) for an estimated $60-70 million. The application works on 2,500 device models and is available to 80% of the world’s phones.