In this week’s top stories: two-thirds of German startups expect to create new jobs this year; Studivz CTO Jodok Batlogg quits; Lars Hinrichs has invested together with Google’s CEO Eric Schmidt in a mobile startup; the forecast network Crowd Park gets Earlybird on board in Series A round; and Burda restructures its digital holdings.
Startups expect to create new jobs
Two-thirds of German internet startups expect to hire new employees in the coming year, according to a WiWo survey of 110 companies. 72 percent of entrepreneurs said they were on the lookout for capital investment to take their business to the next level. 12 percent said they feared going out of business in the next 12 months.
CTO at Studivz quits over disagreement
“A year ago it was the uncoolest job ever to be CTO at Studivz”, said Jodok Batlogg in a recent interview with Gründerszene. Batlogg has now quit his job as chief technical officer, citing a disagreement about the management of the the social networking site. He has been replaced by Volker Schmidt, who moves up from Head of Development.
Lars Hinrichs invests in mobile startup SGN
After putting his weight behind incubator HackFwd, Lars Hinrichs is speeding along with new investments. The Xing-founder has partnered with Google CEO Eric Schmidt to invest in a new mobile startup. SGN, based in Palto Alto, California, attracted a $2m investment in its second financing round.
Earlybird on board at Crowdpark
German VC Earlybird has invested Series A funding for Berlin-based startup Crowdpark. The company provides a platform for social betting, in which users share virtual money betting on the outcome of future political and sporting events. Until now the startup was funded by business angels.
Burda reinvents itself
The media company Burda has restructured, bundling its extensive digital media holdings – covering about 40 companies with 2,200 employees – under a new umbrella brand, Burda Digital. The portfolio includes the mobile and online game-focused Burda Digital Entertainment and Burda Digital Ventures, which has investments in Gameduell and Elite Partner.