Techmeme
July 27, 2013, 7:45 PM

Top News

Startup L. Jackson / Startups and S**t:
Hey Look, Software Just Ate VC!  —  Remember when Sacca was buying Twitter stock like a boss because the founders preferred him to VCs?  There's now an app for that.  —  Recently AngelList quietly started testing Syndicates.  Syndicates allow you to raise any amount of money on behalf of a startup and take 20% of the carry.
Reuters:
Insight: How Samsung is beating Apple in China  —  (Reuters) - Apple Chief Executive Tim Cook believes that “over the arc of time” China is a huge opportunity for his pathbreaking company.  But time looks to be on the side of rival Samsung Electronics Co Ltd, which has been around far longer …
Ryan Knutson / Digits:
Samsung Dethrones Apple in Smartphone Profits  —  Apple has fallen off the profit throne.  —  Last quarter, Samsung Electronics made more money selling handsets than Apple for the first time, according to a report by Strategy Analytics.  —  Samsung's operating profit for handsets …
Brian Klug / AnandTech:
Nexus 7 (2013) - Mini Review  —  At an event in San Francisco, Google announced an updated version of the popular Nexus 7 tablet which first appeared at last year's Google I/O. The big new features update the Nexus 7 platform with inclusion of a 1.5 GHz Snapdragon S4 Pro (APQ8064) SoC …
More: The VergeTweets: @512px and @piercedavid
Ben Gilbert / Engadget:
Don't Panic: Google has prototypes for ‘real-time’ translation device, ‘near perfect’ in some uses  —  It sounds like Google's Babel fish-esque instant translation solution is making progress — Android VP Hugo Barra told The UK Times that Google's got hardware prototypes (in the form of mobile phones) already working.
Sean Gallagher / Ars Technica:
PRISM revelations result in lost business for US cloud companies  —  The reach of NSA's PRISM program has spooked some overseas companies from using US cloud providers.  —  The revelations about the National Security Agency's (NSA) broad monitoring of traffic and access to the data …
Jon Russell / The Next Web:
Twitter UK chief responds to abuse concerns after campaigner is deluged with rape threats  —  The head of Twitter's business in the UK has responded to concerns that the service is not doing enough to help users report abuse, after a UK-based equal rights campaigner received repeated rape threats this week.
Kim-Mai Cutler / TechCrunch:
Timehop, The Place To Reminisce Online, Raises $3M Led By Spark Capital  —  While present-focused social networks like Facebook and Instagram make plenty of room for the narcissists in us, there's not really a dedicated and focused place to reflect on the past.
More: Betabeat and Pulse 2.0
Kara Swisher / AllThingsD:
Yahoo Plans Splashy New San Francisco Digs (And Dreams of Neon Billboard's Return)  —  According to multiple sources close to the situation, Yahoo is close to signing a lease for a splashy new San Francisco outpost to keep up with the fast growth of other Web companies that have opened high-profile offices here.

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Josh Ong / The Next Web:
Curt Woodward / Xconomy:

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