What you need to know – 07/20/11

Most founders fundraise twice in their lifetime. I have seen over twenty companies raise funds since I started AngelPad and the process is fascinating. (A piece by AngelPad founder Thomas Korte.)

Also: see the hot startups of the latest technology bubble compared with the ones from the last.

Apple CEO Steve Jobs justly called Q3 the company’s “best quarter ever.”

Affectiva, developer of technology that can analyze consumers’ facial expressions as they watch a video to determine how engaged they are and whether they like the video, raised $5.7 million in a Series B round of funding led by WPP’s consumer insight division, Kantar, and Myrian Capital.

How did Borders fail?

Gaikai, building the cloud for gaming, completed a $30 million Series C funding round to accelerate the roll out of its network.

Google+, still less than a month old, does not yet have a system in place to verify that certain high-profile users like celebrities are really who they say they are. However, that could soon change. Also: Google+ for iPhone has arrived.

Lymbix, which is like a spellchecker for unintentional inferences and nuances, is now announcing that ToneCheck is officially emerging from beta with a new plug-in for both Outlook and Gmail users.

While undergoing questioning for the phone-hacking scandal, 80-year-old News Corp. CEO Rupert Murdoch was pied in the face.

SupersonicAds, a social in-game advertising platform utilizing virtual currency monetization, secured its first institutional funding round of $4.2 million led by Greylock Israel (IL).

Vserv, provider of mobile in-app advertising in India, closed $3 million in Series A funding by IDG Ventures India.

Concur, provider of integrated travel and expense management, placed a $5 million strategic investment in Yapta, provider of airfare tracking and hotel rate tracking services.

Zillow shares more than doubled to over $40 per share, raising $69 million for the real estate marketplace.