For some in Silicon Valley, Asia remains an alluring black box. A promising world with pockets of hyper growth, obscured by a tangled web of unfamiliar languages, customs, regulations and native ecosystems. Although the walls are coming down fast, the road to Asia’s markets remains an intimidating one for many.

Enter Dave McClure, founder of 500 Startups (a recently launched $30M super angel fund) and Geeks On A Plane, a program that takes tech entrepreneurs and investors to emerging markets. In its own small way, Geeks On A Plane is attempting to bridge that gap between the Valley and the rest of the world. Earlier this year, roughly 55 “Geeks” traveled to several key hot spots in Asia, including Shanghai, Singapore, Seoul and Beijing, to connect with the region’s top entrepreneurs, to mingle with Secretary of State, Hillary Clinton, and to sample local tech conferences like Shanghai World Expo and CHINICT.

“Asia is easily a third, possibly close to half of the world’s population, I think there’s a lot of innovation and a lot of growth that is happening in China, India, and Southeast Asia,” McClure says. “Some of the internet models that we’ve seen are starting to be transferred over there, and actually a lot of the internet business models are being copied over here…There’s actually an explosion of social networks happening in all those countries.”

Although McClure doesn’t consider himself an expert in doing business in Asia, through his trips and his new relationships, he says he now has a better understanding of the internal dynamics of Asia’s disparate markets and is acutely aware of common Western misconceptions. In particular, he says it was very eye opening to learn how advanced China is and how many have underestimated the region’s technological progress.

“Well I think people tend to look at China as being a pretty big opportunity but they also tend to think about China as being a little bit behind and I think that’s just really the wrong impression. China has actually got more internet users than the US, they certainly have more mobile devices than the US…You know the top 10% of the Chinese population probably has more average spending power than the average US citizen…and they’re buying a lot of cars, they’re buying a lot of houses, they’re buying a lot of consumer products online.”

While not everyone can join a Geeks On A Plane Tour, Dave McClure is sharing a collection of mini-documentaries from his latest trip with TechCrunch TV. The videos were shot and produced by Ben Henretig, founder of Micro-Documentaries, a new startup that creates highly polished, short (hence micro) videos for clients. The first of four episodes is on their trip to Shanghai (second video from the top). You can also watch McClure’s interview with TechCrunch TV, where he discusses his new fund and expounds on his trip to Asia (first video).

Washington D.C.-based startup EverFi has just raised $11 million in Series A funding from New Enterprise Associates (NEA), with participation from TomorrowVentures and independent investors including Michael Chasen, the CEO of Blackboard.

EverFi has created a SaaS application for schools to help educate young adults on financial literacy, student loan default prevention, filing taxes, credit card debt and more. The application’s curriculum incorporates virtual worlds, gaming, social media and videos to help teach children these life skills.

For example, the company’s Buttonwood platform, aims to prevent teenagers from student loan defaults. The application includes a Second Life-like virtual world where users can learn and implement key financial literacy concepts, such as credit worthiness, the loan application process, interest rates and more.

Currently over 2,000 public schools in 47 states will be using EverFi, with the company’s reach expected to more than double in 2011. While EverFi’s technology is not free to use, the platform’s use in public schools is completely funded by outside corporations and foundations that license its programs. Partners include United Negro College Fund, Capital One, Genworth Corporation, U.S. Bank, PayPal, BB&T Corporation, and others.

The company plans to use the funding for new product development and additional hires.

One of the challenges of running a social commerce site these days is that there is just too much demand, from both local merchants wanting to give out deals and consumers who want to try them. There are only 365 days in a year, and the daily deal format limits each city to 365 deals a year.

Sites like GroupOn and LivingSocial are hitting those limits. GroupOn is expanding its inventory by “personalizing” deals, essentially showing different deals to different people. LivingSocial is handling the issue by going hyperlocal. It will now start offering deals by neighborhood and city districts.

LivingSocial will start bringing daily deals to the hood out in Washington, D.C. and New York City. In Washington, D.C., there will be deals for The District, Montgomery County and Northern Virginia (not exactly neighborhoods, but why get bogged down in details). In New York City, you can sign up for deals Uptown (soul food), Midtown (cupcakes), Downtown (facials) and in Brooklyn (dance lessons). Again, these aren’t really neighborhoods—Brooklyn on its own is bigger than most cities in America—but they do break up the city into more manageable zones and open up the site to more deals.

This is something, in fact, that Groupon does as well in a couple cities like Los Angeles and Washington, D.C. In fact, it breaks down Washington, D.C. the exact same way: the District, Montgomery County and Northern Virginia.

It looks like the bidding war for 3PAR could be over. Dell has just issued a release indicating that it will not increase its most recent $2 billion proposal to acquire 3PAR, and the company's has ended acquisition talks for the data storage company. Dell is entitled to receive a $72 million break-up fee from 3PAR upon the termination of its merger agreement. This morning, HP upped the ante today with an offer worth $33 per share or $2.4 billion. 3PAR has accepted HP's bid. Dell also said that its improved offer included a proposed commercial relationship and an increased break-up fee.

Ever since it became stable enough to use on a day-to-day basis on a Mac last year, Google Chrome has been my browser of choice. Other browsers have been adding some nice features — but Chrome keeps adding them faster. And today on its second birthday, that rate of change isn’t slowing down.

Google has officially rolled out Chrome 6 as the latest stable version of the browser today. This shouldn’t come as a surprise to anyone using the dev or beta builds of the browser, but it’s nonetheless an important mark as it means it’s stable enough for mass consumption.

Remember that it was just two years ago when Google surprised the world by announcing a new browser (a little early) via a comic. The next day, we got the first shots of what the browser would look like — and it was released as a beta for Windows users. It actually looks pretty much the same today, but it’s now much, much faster (and when it launched it was already faster than most browsers out there).

Google says that Chrome today is a full three times faster when it comes to JavaScript performance versus Chrome circa 2008. The rapid speed increases have also undoubtedly pushed rival browsers to become faster, so we’ve all benefited.

Arguably more important to me is that despite adding all the new features – and extensions — Chrome still seems lightweight today. I fondly remember the good old days of 2004 when I first started using Firefox as my main browser and thinking how fresh and lightweight it felt compared to the atrocity that was IE. Firefox, sadly, got bloated over the years. So far, Chrome hasn’t put on the same weight. Here’s hoping it never does.

As I said, Chrome is also showing no signs of slowing down from a development standpoint. The browser is already in the process of morphing into version 7 as well. Chromium, the open source browser that Chrome is based on, has been hit version 7 a couple weeks ago — and the dev build of Chrome just went 7 as well. Google has said they hope to iterate every six weeks going forward.

These next few months are going to be arguably the most interesting times for the browser yet. The Chrome Web Store will soon open, bringing tightly integrated web-based apps into the browser. And then, of course, Chrome OS is due before the end of the year.

Happy birthday Chrome.

Chrome then:

Chrome now:

It looks like we're back to square one again. Dell has matched HP's $2 billion offer to buy 3PAR, and HP upped the ante today with an offer worth $33 per share or $2.4 billion. 3PAR has accepted HP's bid. Dell had previously signed an agreement to acquire 3PAR for $18 per share or $1.13 billion, with a provision for matching competing bids. HP then effectively outbid the company and offered $1.6 billion, but Dell matched that offer yesterday, after which HP made a renewed bid for $1.8 billion. HP then offered $2 billion last Friday.

Cisco this morning announced its intent to acquire privately-held Arch Rock, which specializes in IP-based wireless sensor network technology with a focus on energy and environmental monitoring and Smart Grid applications. Financial terms of the transaction are not being disclosed.

AOL CEO Tim Armstrong hinted that this was coming, but this morning Google and AOL announced a five-year renewal of the search deal between the two companies. Google will continue to power search across AOL's content network and properties. The partnership will be expanded to include mobile search and YouTube.

Armstrong said in a statement "Today is another important step in the turnaround of AOL…AOL users will be getting a better search and search ads experience from the best search company in the world – Google. After nearly a decade-long partnership in search, we're looking forward to expanding our global relationship to mobile search and YouTube. All aspects of our partnership will be improved by this deal."

As part of the agreement Google will power search across AOL’s networks, will provide AOL with ad formats, and will power mobile search. And AOL and YouTube have agreed to bring AOL's video content to YouTube.

It’s a big win for Google, since Microsoft’s Bing was clearly after the deal as well. But Armstrong said in February that "distribution is almost as important to us as money, we will look for distribution as much as money in the deal." Google sends massive traffic to AOL sites, which could have made it a more attractive partner than Bing. Of course, Bing isn’t lacking in its own deals-the search engine now counts Yahoo as a partner.

Thanks to a partnership with Vlingo, owners of Android 2.0 or higher-equipped phones can now check in to Foursquare and update their status on Facebook and Twitter simply by speaking into their phones.

To try it out, download the free Vlingo app to your Android handset.

Using your voice, you can then update your location status on Foursquare by saying “check into Logan Airport”, locate your friends with commands like “where are my friends?” and “who’s nearby?” as well as send shout-outs to your buddies (e.g. “shout at Logan Airport waiting to board a plane to San Francisco”).

That’s not all though. The latest version of the Vlingo app also lets users share the service with their friends with the click of a button and also update their status on Facebook, Twitter and/or Foursquare at the same time by saying “social update” and speaking the message.

Previous Vlingo features remain, too: you can still use the app to send text and email messages, search the web, use Google maps and more.

As for BlackBerry, iPhone and Nokia S60 users – they’ll have to be patient for a while before they can start updating their status and locations with their voice.

Vlingo says it plans to roll out this functionality to other supported platforms in a future release but didn’t mention specific dates.

Do you consider voice-driven applications to be an ideal way to interact with mobile apps on your phone? Why (not)?

The iTunes-for-apps, Allmyapps, has just announced its first round of funding with French VC fund, Elaia Partners - the same firm that has backed French all-stars like Goom Radio, Goojet and Criteo. With 1 million in the bank, the Paris-based company founded in June 2009 plans to focus on product development and emerge as the leading Microsoft-dedicated app store. Just so happens that Allmyapps, founded by Thibauld Favre and Arnaud Coulondre, is also the company that won the startup pitch competition at TechCrunch Paris in March.

A new study by email software purveyor Xobni confirms what we bloggers know to be true, there’s actually no such thing as a day off in the Internet age (Want more visceral proof than an email study? Check out the timestamp of this post).

Information anxiety has pretty much put the kibosh on “time off” as two out of three Americans and Brits check their email outside of regular business hours (ha) and half of Americans email while on vacation (double ha).

The Xobni study, an online survey of 2,200 British and American adults conducted in August, holds that the traditional 9-5 work day has gone the way of the Dodo, due to the fact that Americans and Brits can’t stop checking their email. Apparently we sneak a peak at our inboxes while on vacation, weekends, sick days and even when we are (gasp!) in bed.

The press release blames this behavior on the down economy and the iPhone, but I blame it on the fact that we now live most of our lives online, and we feel compelled to check our email/Facebook/Twitter because that’s where most of the exciting stuff is happening anyways.

More highlights from the study/the life we have chosen:

* The 9-5 work day has gone the way of the Dodo. 72% of Americans and 68% of Brits say they regularly check their email on vacations, sick days, and at home in bed.

* Yes, IN BED. Conveniently for Xobni, work email in bed is apparently, you know, like a thing, with 1 in 5 Americans checking email as the first thing they do in the morning or the last thing they do at night before falling asleep (Again I can personally vouch for this).

According to Xobni, email has become an addiction, and like most addictions it is fueled by peer pressure:

* 27% check email outside of regular working hours because they feel it is expected.

* 26% of Americans feel they can't handle/overwhelmed by the number of emails they receive during vacation.

Everyone in the world agrees that managing email has become a challenge to our sanity. And various companies are scrambling towards solutions including Google with its recent Gmail Priority Inbox launch and Xobni, obviously. My favorite low-fi way to deal with the bottleneck is a service called Sentenc.es which makes it clear to your email reader that you are limited to short responses.

Even though I’m not sure how well that will work, in bed.

Video, vaguely related.

Email overload image above: Ario_

App store analytics provider Distimo yesterday published its latest report, once again zooming in on the pricing of mobile applications across a variety of platforms.

Consistent with its previous findings, Google’s Android Market has by far the largest share of free applications available compared to other mobile app store, but the gap is also widening.

In July 2010, 60% of all applications on Android Market were free of charge, representing an increase of 3% since May 2010 when it was 57%.

As you can tell from the graph below, that share is more than double the share of free apps on other mobile app stores, with the exception of Palm’s App Catalog (albeit barely).

The share of free applications is smallest on Windows Marketplace for Mobile (22%), followed by the Apple App Store for iPad (26%) and RIM’s BlackBerry App World (26%).

(click image for full size)

Let’s take a closer look at the prices of paid apps across mobile application stores.

Distimo posits that the average price of the 100 most popular apps in Android Market and Palm’s App Catalog is higher than the average price of the entire catalogue of applications.

While the average price of all applications is only 16% higher in the Apple App Store for iPad than in the App Store for iPhone, the average price of the 100 most popular applications is nearly three times as high in the former.

More than 60% of applications are priced below or equal to $2 in the App Store for iPhone, Android Market, Nokia’s Ovi Store and Palm’s App Catalog. The proportion of applications priced
below or equal to $2 is much lower in the App Store for iPad and Windows Marketplace for Mobile.

Notably, it seems prices of apps for iOS devices are on the rise. The proportion of paid applications priced below $1 on the Apple App Store for iPad and Apple App Store for iPhone has decreased in both in July 2010, from 30% to 25% and from 49% to 45%, respectively.

(click image for full size)

(click image for full size)

Okay, here’s the deal, if you are a startup unveiling a new location-based service in a market saturated with location-based services please tell us what is unique about you vs. the 800 or so other services out there and please please whatever you do don’t copy the RULE.fm pitch, which we liked the first time around.

WhereMark

“We are writing to you in an awkward state of euphoria and exhaustion. This combination is resulting from 15 months of being strung out on more Diet Coke than a human should consume, a sleep debt rivaling the national deficit, and finally going live with our startups newest service.”

RULE.fm

“Another late night, we're tired, hopped up on caffeine, malnourished and could probably use a shower…but man do we love this startup S#!T. We are sitting here with the launch of our productivity tool rule.fm ( http://rule.fm – screenshots attached) around the corner.”

I’m mostly writing this hoping this will be last time I’ll see the mention of a caffeinated beverage combined with sleepless nights in an email, unless its an emergency. When I wrote “How To Get Our Attention” a month ago, I didn’t mean go to thesaurus.com and start switching out RULE.fm’s pitch word for word. It wasn’t even good when RULE.fm wrote it, just honest and not cookie cutter. Copying it completely defeats the purpose.

Well since we’re here, what about WhereMark as a product? The concept behind WhereMark’s newest Google-maps enabled offering (also called WhereMark) is actually quite cool. It allows you to share bookmarked locations or “WhereMarks” with your friends on Facebook, with the location and the data surrounding it being the focal point instead of a user checkin.

Unfortunately both the Augmented Reality iPhone app and the WhereMark social location web service are not yet fully integrated, and thus suffer from some of the most confusing UI issues I’ve ever seen.

The web service runs Facebook Connect, yet it took me multiple tries to actually get it to connect. Accessing the iPhone app was not an issue, but using the landscape mode-only app to add actual “WhereMarks” is completely unintuitive. ProTip: You have to pass the initial Augmented Reality dashboard under “Search,” then hit “My WhereMarks” then “Add.”

The most egregious UI offense? The WhereMark input field on the iPhone app asks you input a URL for the place you are sharing. I’m sorry, but how many places correspond to URLs? Second most egregious offense, I used the web service to share a WhereMark with a friend on Facebook earlier today, and my friend has not yet received it.

To be fair, WhereMark is not the first startup to rewrite RULE.fm, I’ve seen at least 5 similar violations. And once you get past LBS fatigue, what founders Ken Carter and Matt Tesch are aiming for here is actually useful and could turn into something great once they work out the kinks. I’m totally down to “log in, find my favorite pizza place, and share it with some friends!” as services like Foursquare and Facebook Places currently do not explicitly have this functionality.

And to WhereMark’s credit, the founders were exceptionally good sports when I called them on the pitch fail.

From Carter:

“As for the ‘How To Get Our Attention, A Case Study’ post, yes, we did take the advice given. I even adopted the bullet point format to tell our story (missing only personal details) and left it up to TC to tell if it was interesting. That post made me realize how boring our press release was in December and that our two guys working nights trying to build a startup might be the better read.”

Well, in a sense yes.

Withings, the Paris-based company behind the famous tweeting wifi body scale, has just scored 3 million euros from French VC firm, Ventech. It's the company's first round of funding and will be used primarily for the development of 2 new products, which should come out within the next 6 months. For anyone who isn't already familiar with the company's first product, the tweeting wifi body scale, it's a terrific wifi-connected device that tracks your weight. May sound simple but it can recognize up to 8 users and allows you to transfer your weight information to a computer, iPhone or iPad - which is where the Tweeting comes from, obviously. The product launched officially last year on June 25 goes for €129 in France and is a great little way to track a fitness program or diet.

On Tuesday, Google was slapped with a breach of contract class action lawsuit alleging that its Nexus One smartphone failed to maintain 3G connectivity and that the Mountain View company not only made misleading claims about the product’s capabilities but also failed to adequately support customers in search of answers.

Plaintiff Nathan Nabors of Florida is seeking damages and class action interest on behalf of residents of his home state as well as California who have bought the Nexus One since its January debut.

The only defendant named in the suit is Google – in other words, manufacturer HTC and exclusive 3G carrier T-Mobile USA are not included in the suit. The potential size of the classes is not specified in the complaint.

The suit says Google basically failed to warn customers they would not receive faster 3G connectivity, even in areas where T-Mobile USA said such coverage was available. In addition, customer support from Google, to which T-Mobile referred customers with 3G connectivity issues, came up short.

Among other customer service failures, Google denied the problems with the phone were its problem, even as the named plaintiff was missing calls, according to the suit.

Breach of warranty claims aside, the suit also says Google violated the Communications Act by making false and misleading claims about the Nexus One.

For your reference: Google killed the Nexus One on July 16 after shutting down its ballsy but ill-fated Web store, which enabled people to purchase the Android smartphone directly, bypassing the carrier. As MG pointed out recently, it’s having a bit of a good afterlife, though.

A Google spokesperson was not immediately available for comment on the class action.

Sometimes the titles just write themselves. On Tuesday Virgin America and Loopt partnered to offer people two-for-one tickets to Cancun or Los Cabos from California. All you had to do was check in on Loopt at SFO, LAX or one of a variety of taco trucks in San Francisco and Los Angeles in a four hour window.

So how did it go? Loopt says 1,300 people checked in to a single taco truck in San Francisco, and 80% of those people have already bought tickets on Virgin America for flights. It was Virgin’s fifth highest revenue day ever, says Loopt (we’re confirming with Virgin).

Added Loopt CEO Sam Altman by email: “You should also mention that we are on fire.” And indeed they are. Loopt has more than four million users, despite the fact that they are covered far less often than the smaller Foursquare. Loopt is quietly becoming a very large presence in the mobile, um, presence war.

Also, Virgin America doesn’t suck.

Are you addicted to Twitter? Do you have an iPad? Even if the answer to both is “no” right now, after you see Twitter for iPad, those answers are going to change — quickly.

Yes, the wait is over. Launching tonight in the App Store is Twitter for iPad — the first official native iPad app from the company. We all knew it was coming (Twitter even said so a few months ago), but it has been a long wait. It was definitely worth it.

Like most people, I wander into hyperbole from time to time. But it has now been a few days since I first played with Twitter for iPad, and I still think it is hands-down the best iPad app out there. It’s that good. With all due respect to Reeder, Instapaper, Flipboard, and Pulse, this is now going to be my go-to app for just about everything related to reading news. It’s simply such a great experience for reading tweets — and more importantly, reading the links your friends share.

What Twitter has done is create an amazing user experience for reading information. This is thanks to an intuitive user interface that layers on top of itself. So, for example, if I click on a link in my tweet stream, I’ll have a new layer that rolls over to show that webpage in a customized browser window. If you’ve used Flipboard, it’s somewhat similar, but better because it’s much easier to go back to where ever you previously were before you clicked the link. You simply swipe something to the side to move it temporarily or swipe it again to get it off the screen (in portrait mode anyway, where there’s less space).

Something else that’s awesome: when you highlight a tweet by clicking on it, it’s now pinned to the top or bottom of the screen as you scroll through your stream. This is great if it’s something you want to reference. A lot of thought has been put into these type of saving state actions within this app. It’s simple to save a draft and go back to it, for example (much easier than with Twitter for iPhone). Or to reference one of these pinned tweets in your own tweet.

There are also some great new gestures that Twitter came up with for this app. For example, if you pinch-outward on a tweet, it will unfold to show you more information about the Twitter user. Better may be the way you can swipe down with two fingers on any tweet to see a full conversation in context. It’s the little things like this that make the app great — Apple-like, even.

Overall, the app looks and feels quite a bit different from Twitter for iPhone (which Twitter built from Tweetie — developer Loren Brichter’s client that they acquired earlier this year). But Twitter’s Leland Rechis assures me it’s using all the same stuff on the backend. In fact, Twitter is now a universal app — meaning it’s one app that will work on both the iPhone and iPad, it will just look different depending on which device you’re using it on.

Rechis also says Twitter started experimenting with some newer things on the iPad version that haven’t yet been brought to the iPhone version, but undoubtedly will. A great example here is that when you click through to a user’s profile page, you’ll see at the bottom a list of users similar to that user that you may like to follow.

Rechis also notes the importance of the logged-out view — something Twitter worked on before the iPhone version launch. Twitter wants to make the service as useful as possible to people even if they don’t have an account. The idea, of course, is that they’ll hopefully sign up for one — and this app may give them the most reason to yet. When logged out, you’ll be able to see tweet streams based on hot topics.

“Tweets in general are not just what I’m doing, they have an incredible amount of metadata,” Rechis says speaking to why they created this layering idea for the app. Almost 25 percent of all tweets now have a link in them, he says. This app is perfect for those tweets, and content consumption and exploration in general.

Rechis notes that one of his favorite things about tablets is how they eliminate window management. At the same time, you need some way to manage all this information. He notes that Brichter’s original concept was stacks of sheets of paper that you quickly shuffle through. Other members of Twitter including Rechis refined that idea and the end result is Twitter for iPad.

That’s roughly 750 words about the app — but you really just need to see it, and use it. It will definitely be my go-to way to browse Twitter from now on. It’s that good.

Look for it in the App Store shortly. It will be a free download.

Update: I should note that for some of these more advanced gestures, there is a slight learning curve. That said, you can do everything without using those gestures, so it’s not a big deal — it’s just icing on the cake. And yes, Twitter is trying to come up with the best way to teach users about these new gestures.

Right now, many of you are likely downloading iTunes 10, the latest version of Apple’s media software. The most notable feature in this new version is Ping, Apple’s first stab at building a music social network (or really any kind of social network). It’s interesting on a number of levels, but even the most basic level is pretty interesting: Ping’s social graph.

First of all, to use Ping at all you have to opt-in to it. While Apple CEO Steve Jobs touted the 160 million built-in users (it’s currently available in iTunes in 23 countries), that’s a bit misleading because many people won’t opt-in to using it — many of them for no other reason than they’re lazy or just don’t care. But assuming you do opt-in to it, the next social layer is interesting as well. Immediately, you’re taken to a Privacy Settings page where Apple asks you how you’d like to use the service. This is where you decide if you want to use the friend model, the follow model, or the lurk model.

To be more clear, Apple asks you to decide between two things: do you want to allow people to follow you, or do you want no one to be able to follow you? The latter is a nice option because you can still use Ping, you simply use it as a lurker. You can see what other people with public profiles are doing, but they can’t see what you are doing. The other option is to let people follow you — but there’s a sub option to this. You can either let anyone follow you (think: Twitter) or you can get notifications to approve everyone who wants to follow you (think: Facebook).

Leave it to Apple to come up with a social graph dynamic that is fairly complicated but made to seem simple. I mean, this is almost the opposite of many of Facebook’s convoluted social rules. My argument recently has been that Facebook should have a simplified option to allow you to have both friends and followers — you know, like what Apple is doing here. Instead, everyone on Facebook is a friend or they’re some sub-list quasi-friend that you really hate but are connected with anyway. Or something. Or you can make a Page — which creates double the work for you and those people who also happen to be friends and followers. It’s just so ugh.

I didn’t even consider this lurker option for Facebook because quite frankly, it would freak out a lot of people. But Apple does this smartly as well. While you’re free to roam and and see other public updates, if you do want to post something like a comment, your identity is shown. So no, there will be no anonymous trolling.

I haven’t used Ping enough to tell if it will actually be useful. Given that this is Apple’s first real foray into social, it wouldn’t be a huge surprise. But they’ve won the first battle: simple privacy settings. Facebook could learn a thing or two from this.

If you’re anything like me, you’ve been hitting refresh on the Apple iTunes website waiting for them to put iTunes 10 up for download. Sure, it has said it was available since this morning, but when you click through, it would still be iTunes 9.2.1 with a promise that iTunes 10 was “coming soon.” Links being shared on Twitter were likewise bogus. It was starting to look like a Duke Nukem situation. Well, it took several hours, but it’s finally here.

Apple announced iTunes 10 this morning at their event in San Francisco. The latest version is more than just a minor update, there are several things that have been reworks, including some UI elements. But the biggest addition is obviously Ping, the music social network Apple has baked into iTunes. I got a chance to use it earlier on some demo computers and on the iPhone/iPod touch — it’s very interesting. Now it’s time to see if 160 million built-in users agree.

From the 15 minutes or so I used it earlier, I can also say that it felt noticeably faster than version 9. This has been a huge complaint about the software in the past — that it’s too bloated. Of course, that was also on a brand new machine probably not packed to the brim with media — so we’ll see.

The oddest thing about iTunes 10 isn’t the icon revamp (goodbye CD) — I think it has to be the move of the close, minimize, and expand buttons on the Mac version. They’re now vertically aligned — like a traffic light.

New York City startup BankSimple today disclosed that it raised its first venture funding in a round led by First Round Capital, Roger Ehrenberg’s IA Ventures, and Village Ventures, along with seed investors SV Angel (Ron Conway) and Nauiokas Park, and Jerry Neumann. But it did not disclose how much it raised. I’ve confirmed that the round was $2.9 million, with an additional $190,000 raised last year in convertible debt (which converted to shares with this round), for a total of $3.1 million raised. Not exactly “a big round,” but more than enough for what BankSimple is trying to do.

BankSimple has not yet launched. It is trying to develop a better interface for banking, working with financial institutions to actually hold the deposits. “Anything the customer sees is what we do,” says CEO Joshua Reich. BankSimple is creating a new front-end experience for bank customers both online and through mobile apps. The service will simplify their accounts into a single account and gives them a dashboard to see how much they are saving, how much they can spend, and how close they are to reaching financial goals.

The whole point is to simplify people’s financial lives by giving them a modern Web interface and realtime data linked to their accounts. So when you are about to reach an overdraft, you might get a notification on your phone. The first customers will be required to own a smartphone so they can download one of BankSimple’s mobile apps (iPhone and Android will probably be first). They will be able to deposit a check by taking a picture of one with their cell phone camera. Customers will also get a bank card tied to their account.

“The way banks work is they shove products down the throats of consumers,” says Reich. The more products you sign up for with your bank, the more fees they can charge. BankSimple will not make money from fees. Instead it will split the net interest margin with its partner banks (the net margin interest is the difference between the rate at which banks lend out money and the rate at which they pay depositors). It is looking to partner with wholesale banks to take care of the back end.

This strategy of focusing solely on the user experience contrasts with Betterment, a TechCrunch Disrupt finalist which also tries to simplify the online banking experience with a single, smarter account, but does hold deposits. Reich acknowledges that “we would certainly get more revenues if we did it ourselves,” but does not want to be distracted by regulatory compliance and managing large pools of money. Plenty of banks do that better than BankSimple could. Instead he wants to focus on what banks don’t do well: building a technology company and making the customer experience less harrowing.

Inflection, a company aimed to democratizing the public records system on the web, has raised $30 million in Series A financing led by Matrix Partners and Sutter Hill Ventures.

Founded in 2006, Inflection aggregates public records and data from past and present and currently operates Archives.com, a site that sources historical records made available on the web. Archives is meant to allow people to access birth, death, marriage, divorce, and other historical vital records to get information about deceased members of their families. Currently the site has more than 2 million members conducting searches and sees 3 million unique visitors per month.

Inflection is also getting into current public record search for people today with the launch of PeopleSmart, a people search engine that mashes up data from public contact information, public records, and social profiles. The site currently features more than 250 million social profiles, 500 million public records, and contact information for a large percentage of U.S. households.

The site offers a email plugin that can be installed directly into your Gmail, Yahoo, or Hotmail inbox so that users can view the sender's social profiles and photos with every email. The people data listing business is surrounded with privacy concerns but PeopleSmart also allows users to manage their listings online, submit corrections and remove information they don’t want shown.

And for records which have not yet been digitized, PeopleSmart offers a service that will actually send someone into the actual court archives to retrieve and return the records. This process takes 38 hours on average and is available in 47 states. As a privacy protection, PeopleSmart.com makes email listings private and relays messages on behalf of its users. Recipients can choose whether they want to reply back to the sender or not hear from them again. Monthly memberships to use the service range from $3 to $8 per month.

PeopleSmart is trying to add legitimacy to a market that has been known to attract controversy. Competitor Intellius was recently hit with fine injunctions by the Washington state attorney general over post-transaction marketing scams. Even Salesforce-bought Jigsaw has come under fire for its data practices. PeopleSmart’s founders, brothers Brian and Matthew Monahan, say that their site is centered on choice, and allows people to choose what information is available about them.

The Monahan brothers add that every dataset the company acquires about individuals goes through extensive diligence across five dimensions, including accuracy, recency, percentage of coverage, depth and clarity. Data is also passed through a series of quality checks, which includes privacy checks related to information about minors, opted out individuals, or other sensitive data.

The company plans to use the funds to expand its team, invest in technology, and acquire customers for its web properties.

We’ve confirmed that wunderkind Jessica Mah is one week away from closing a hotly anticipated round of seed financing for simple online finance management tool InDinero.Confirmed investors in the round (which still has three open spots reserved for valley VIPs like SV Angel) include 500 StartUps‘ Dave McClure, Microsoft’s Fritz Lanman, and YouTube’s Jawed Karim.

Part of the YCombinator class of 2010, InDinero aims to be the Mint for small businesses and is off to a running start as this latest round is set to close between 1 and 1.5 million. We’ve heard reports that she had to turn investors away, and Mah promises that more “juicy details” about the story behind the funding are yet to come.

Perhaps the closest we’ve got to a female Mark Zuckerberg, Mah founded her first startup at age of 13, and entered into the Computer Science program at Berekley at 15, where she started internshipIN.com. In raising over a million at twenty, the serial entrepreneur’s got a ways to go before she gets jaded.

Here’s recent video of her explaining InDinero’s usefulness and simplicity.

The hits just keep on coming for Elevation Partners, the one-time digital media, private equity dream team that has reconfigured itself as an investor in late stage Web 2.0 treasures. Earlier this summer, Elevation requested an extension on investing its $1.9 billion fund, and TechCrunch has learned that that request was denied—a move that came as surprise to us and to Elevation, we hear.

So what does that mean? Clearly, LPs are sending a strong message that has to do with Elevation, but also has a lot to do with the broader market: They want to see some returns before they pony up more money. But the news isn't nearly as bad as it sounds.

For one thing, we’re only talking about $100 million or so of the $1.9 billion fund. At most, this would have represented one more deal in the portfolio. What’s more Elevation can still call up that $100 million to invest in a follow-on round in existing portfolio companies, so it’s not like the fund size has necessarily been reduced to $1.8 billion. There is just a new restriction on how they can spend that last $100 million.

What does this mean for that Pandora deal? It doesn't kill it, because Elevation signed an agreement to invest before the original five-year investment period elapsed. But that deal isn’t done and it’s unclear if there’s a snag or the deal is just taking some time. In our earlier story, Pandora confirmed that Elevation had expressed interest and sources close to Elevation say an agreement to invest was already signed.

Either way, the fund will hinge on Elevation’s investments in Yelp and Facebook. As we reported before, if you average together Elevation’s investment in Facebook it holds its shares at a valuation of $29 per share and Facebook has been trading as high as $70 a share on the secondary market. It’s hard to imagine a scenario where Elevation loses money on this, but the concern is when and how do they cash out?

Facebook founder and CEO Mark Zuckerberg has repeatedly telegraphed that he’s in no hurry to do an IPO, and his use of late stage and secondary deals has alleviated the pressure to do one. Typically companies go public because early employees want liquidity, the company wants a hoard of cash to grow or the company wants a stock currency to do acquisitions. Facebook has checked most of those off. Early shareholders can (and many have already) exit on the secondary market or through one-time deals like the one with DST. The company has raised a whopping $836 million in capital according to CrunchBase and is reported by some to be doing revenues in the $2 billion range. And, again, thanks to the secondary market, Facebook has an externally validated price, making it easier to do any stock transactions than it would have been for a private company ten years ago. On paper, Elevation’s investment in Facebook is soaring. But LPs are going to want to see more than paper if they’re going to invest in a second fund.

That brings us to Yelp. Yelp’s ascendancy is far less of a sure thing than Facebook’s, but Elevation owns a much bigger chunk of the company. It bought shares at a price that valued Yelp at $475 million, just shy of the price it reportedly turned down from Google. Few (rational) people think Yelp will be worth nothing. The question is: Does it wind up somewhere around the price of Slide or does it become one of the few $1 billion winners of the Web 2.0 era? For Elevation to make the kind of return it’s hoping for, Yelp needs to make sure upstarts like Groupon and FourSquare don’t steal its opportunities for micro-local monetization. Personally, I’m still bullish on Yelp’s odds, and the early results of its first San Francisco deal look promising. But a sure thing it is not.

Pandora could be the last deal Elevation does in this fund, or if Yelp goes south, it could be the last deal Elevation does ever. Even though the firm can call that last $100 million for a follow-on, odds are Elevation won’t. Facebook valuations are soaring out of control on the secondary market and the company already owns one of the largest stakes in Yelp. The Palm-batross is gone, and Forbes is what it is. It’s a near-certainty no more money is going towards saving Forbes, especially given Elevation’s re-tooled team and investment approach. The firm has learned the lesson about putting too much into one company the Palm-way.

The bets have been made and Elevation’s partners will have to wait for the roulette wheel to stop spinning, doing what they can in the mean time to help make their companies stronger. I talked to one small limited partner this week who said he personally wouldn’t invest in a second fund, and another who said he loved the new team, but worried the change in strategy just came too late.

Like Yelp, I think Elevation has a decent chance of pulling the second fund off. There is clearly a market for these mega, late-stage transactions, and there aren't a ton of Valley teams who have experience doing them and few Wall Street teams that have the contacts here. But don't expect them to hit the fundraising trail until Yelp and Facebook exits look more certain.

Credit card debt is a undoubtedly serious issue for many Americans. Defaulting on credit card bills can result in damage to your credit score and even bankruptcy. Y Combinator-backed ReadyForZero is launching today as easy to use web-based platform to help guide consumers out of credit card debt.

The site asks you to import your credit card information, including what types of cards you have, the amount owed, and will then walk you through the same steps a trusted financial advisor would give you. Based on your minimum payments, salary and balance, ReadyForZero will figures out an optimal
strategy for what to pay and when. The site will send you reminders and you can track your progress online. While you cannot actually pay your bills directly from ReadyForZero, the startup will eventually allow users to do this directly from the site.

ReadyForZero is trying to help those consumers who are having trouble paying their debt off, as opposed to those who are already in collections or bankruptcy. Essentially the site is trying to help people be able to eventually not carry any balances month to month. The company says that in the US alone there are 100 million people with revolving balances, meaning they carry credit card debt from month to month. Combined they owe $900 billion to banks and credit card companies.

The site will eventually pull in additional data for users such as credit scores and even facilitate lending. In terms of revenue, ReadyForZero could make money in lead generation by recommending budget-friendly cards from credit card companies who charge lower interest rates.

Of course some credit card companies and banks offer financial planning and advice on how to manage credit. But ReadyForZero is taking a more hands-on, web-based approach to helping people control their debt. And the site provides assistance via phone and live web chat. There’s no doubt that consumers need more information when it comes to credit counseling and financial planning; ReadyForZero is definitely a interactive yet informative way to manage your debt.

Premium streaming video service Ooyala, serving such influential media properties as Fremantle Media, Vice Magazine, Glam Media, Electronic Arts as well as yours truly, today announces its plan to expand its operations to Australia. To helm this initiative, the company has appointed former Adobe executive John Treloar as Managing Director for the Australia and New Zealand region.

Founded by former Googlers, Ooyala’s “killer app” is the simplicity of its “Backlot” video platform as well as its souped up analytics for content managers and advertisers.

From Jay Fulcher, President and CEO of Ooyala:

"We see tremendous opportunity in the Asia Pacific region, we've had some early success with local customers and count some of the biggest companies in the region as partners or customers. With our expansion to Australia, we plan to not only grow in the local market, but to use this as a springboard into Southeast Asia."

As Education Director, Asia Pacific at Adobe, Treloar oversaw the business development of the education vertical before accepting the Managing Director position at Ooyala.

The most recent Australia/New Zealand expansion jives well with the company’s continued thrust into the Asia Pacific region, having recently partnered with NTT Smartconnect in Japan. Otherwise, Ooyala was most recently in the news for being the first video platform to offer a system of content monetization for the iPad.

And in case anyone in the Asia/Pacific region is interested in working out of the newly minted Sydney office, they’re hiring.