These 20 Companies are About to Break into Silicon Valley

2011 BC Angel of the Year Boris Wertz says being Canadian might just be the best way to break into Silicon Valley and 19 Canadian startups are about to find out if he's right.

The C100 announced the lucky startups to participate in the upcoming 48 Hours in the Valley event from June 25-27 and the companies selected span from coast-to-coast.

Hit the link to find out who is representing from your home province.

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Tech Bubble, Anyone? Facebook Shares Plunge 12% on Day Two

Facebook's IPO on Friday was the largest in the history of the world's technology sector. The social network raised a staggering $12 billion, valuing the company at well over $100 billion. But after peaking more than 10% above its share price, at just over $42, the stock fell back to its debut price of $38.

On day two, the stock is deep into the red. Bleeding sells like crazy, the share price of FB has plunged a steep 12% to less than $34, sinking the company's valuation to barely $90 billion.

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Celtic House Venture Partners Closes $105 Million Fund

Celtic House Venture Partners has reached a first close of Celtic House Venture Partners Fund IV LP at $105 million.

Investors in the fund include Ontario Venture Capital Fund, Teralys Capital, Export Development Canada and BDC Venture Capital.

Fund IV will focus on early‐stage investment opportunities in Media Communications Technology (MCT), partnering with teams that have outstanding records of innovation and entrepreneurial success.

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5% Increase in Productivity Annually Could Double Standard of Living Every 14 Years: Cisco

The race to service IT departments in mobility in the BYOD (bring your own device) craze is heating up. In addition to RIM and Vancouver’s Absolute Software, Cisco Systems has released “Smart Solutions” that go beyond just BYOD.

The three solutions include the integration of service provider mobility, enterprise mobility, security, collaboration, and desktop solutions. This makes sense because a Cisco IBSG Horizons study of 600 U.S. IT and business leaders suggests that just 14% of BYOD costs are hardware-related.

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Just Launched, Intigi's Moonbird is a Cool New Way to Follow Relevant People on Twitter

Intigi has just launched Moonbird, a microapp that helps you find people to follow on Twitter based on the content they share.

The startup describes Moonbird as "a free service that helps you find interesting people to follow on Twitter," and using it is simple: give Moonbird an article URL and it will show you the last 20 people who have shared it on Twitter.

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