
Fast-growing Chinese smartphone company Xiaomi is making the cloud messaging service that is automatically activated on its devices optional for users, following security concerns raised during the past week. The MIUI Cloud Messaging service works much like Apple’s iMessage. It routes SMS sent between fellow MIUI device owners via the internet, meaning that they can message each other for free. However, a recent report from F-Secure highlighted that the service appears to share a range of information with a server in China — including the device’s IMEI number, customer’s phone number, phone contacts and text messages received. The idea of sharing such data to a server in…
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Research from Pricewaterhouse Coopers (PWC) reveals that in 2013, US venture capitalists committed $29.4 billion to 3,995 deals, with investments in internet-specific companies reaching the highest total since 2001. The idea is simple. Venture capitalists fund projects that demonstrate a high probability of success. These investments represent the next generation of technologies and grow to become the next Facebooks and Googles of the world. But money represents only part of the story. The VC ecosystem is driven by a strong sense of value, as well as a mission to fund projects with the potential to make the world better for consumers. But…
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Ilya Pozin is a serial entrepreneur, writer and investor. He is the founder of online video entertainment platform Pluto.TV, social greeting card company Open Me, and digital marketing agency Ciplex. Receiving an offer from a huge, established company like Facebook is a dream come true. Suddenly you’re imagining the great perks like a huge salary, free lunches and plain bragging to your friends about who you work for. But before you sign on the dotted line, ask yourself a simple question: Is this truly your dream? All of the benefits of working at a well-known company like Facebook can often blind you to…
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