News

05/2009 – Venture Beat

We’ve seen much speculation in the past month about Facebook’s impending virtual currency tests. Its initial forays will be, by all accounts, relatively simple and small. But it’s the potential of “what Facebook could do” that has everyone talking. Yes, it’s cool that in the short-term, application developers will be able to use its “credits” currency to make money, and it’s nice to see Facebook making a smart business decision, but there’s a larger and more serious question: Can Facebook introduce a universal virtual currency that makes it easier and cheaper to buy/sell virtual and real goods?

05/2009 – Wired News

The offices of Transonic Combustion are not going to win any design prizes. Located in Camarillo, California, the company occupies a line of anonymous rooms and padlocked garage workshops at the edge of town, where land is cheap and prying eyes are scarce. Alloy-frame bicycles lean against the walls of the computer-stuffed workspaces; wastebaskets overflow with empty Mountain Dew cans. So many nondisclosure agreements have spewed from the printers on the tables that they must be capable of producing them without human intervention.

05/2009 – Wired News

Because gasoline has historically been inexpensive, U.S. consumers have had little reason to buy fuel-efficient automobiles, giving manufacturers little reason to make them. As a result, today’s cars are amazingly wasteful. Less than 20 percent of the energy in the gas consumed by typical passenger vehicles is used to power the wheels. Most of the rest is lost as heat or sent into the air as pollutants.

05/2009 – Venture Beat

As companies implement virtual goods on applications in Facebook and other social networks, they need better tools for analyzing how people are buying and selling these goods and how to make more money.

05/2009 – Inside Facebook

As we continue our look at the Facebook Platform payments ecosystem, today we turn our attention to virtual economy payment and analytics platform Twofish. In fact, just this morning Twofish announced the launch of a new product called Twofish EasyElements, an easy to integrate toolkit for managing virtual currencies in social networks and online games.

05/2009 – New York Times

DocStoc , the site that lets you post, share and embed PDFs, documents and other files — much like its prime competitor Scribd — has emerged from beta with a new look and a new business model . While the site is growing rapidly — now with 1.6 million unique monthly visitors — it’s still running to catch up.

05/2009 – CNet News

The document sharing site Docstoc, now out of beta, is announcing that it will start splitting advertising revenue with users who upload content to the service, in a new program called DocCash.

05/2009 – Pacific Coast Business Times

Camarillo-based Transonic Combustion, the maker of new fuel injection technology it says could push gasoline engines to 100 mpg, has landed another round of funding.

05/2009 – The Oakland Press

Transonic Combustion Inc. of Camalito, Calif., which develops new technology that will make auto engines cleaner and more efficient, is setting up offices in Oakland County. “Our team is developing a fundamental, cost-effective improvement in internal combustion efficiency,” said Brian Ahlborn, Transonic’s chief executive officer, who said the company’s ability to attract venture capital is making expansion possible.

05/2009 – VGGEN.com

Trion World Network’s MMORPG getting showcased this summer. If you’ve never heard of Trion World Network, don’t be all that surprised – they haven’t even released their debut game, Heroes of Telara. However, the developer and publisher today announced that the upcoming MMORPG will be showcased at their first E3 appearance later this year.