Your Weekly Startup Roundup!

- May 18, 2012 2 MIN READ


Facebook Buy Out the Lightbox Team

In another move to beef up its mobile offering, Facebook has hired the entire staff of Lightbox, a tiny start-up known for its popular photo sharing app for Android smartphones. The hiring of the seven-person team at Lightbox comes as the social network nears what is expected to be the largest ever Internet initial public offering. Investors have been weighing the value of Facebook and have questioned how well it will be able to generate ad revenue from mobile devices.


Branson Invests in New Startup

Sir Richard Branson has backed a British video start-up that aims to improve technology allowing web users to add text to videos. The the billionaire Virgin Group founder gave funding to four start-ups on Tuesday at his home in Oxford, one of which was London-based Codoc. Founded by 26-year olds Guy Gunaratne and Heidi Lindvall, Codoc is an online video player that can overlay additional information, such as links, text or location data, and content over web videos. Codoc is hoping to improve upon YouTube’s ‘Annotations’ tool – which also allows its millions of users to layer text, hotspots and links over their videos.


Food Trucks Arrive in Sydney

A fleet of food trucks will soon hit the streets to deliver on something Sydneysiders told the City they want – more quality food at all hours.The ten operators chosen to take part in the City’s food truck trial are busily fitting out their custom-designed kitchens on wheels, including one that looks like a farm barn and another that will double as a moving canvas for street art. A smartphone app being developed by the City will soon provide a real-time map, links to food truck menus and other details that help to locate the latest tasty treats.

WeTeachMe a Success in Sydney!

Tonight WeTeachMe held their first ever event in Sydney after a sold out Melbourne round. A room full of motivated entrepreneurs and startups, incubators, investors and potential cofounders, all attended WeTeachMe’s sold-out Speed Teaching event  which aims to provide chutzpah and fun to what is normally a long and arduous learning process.