Are you a budding Web entrepreneur who would like some pointers or advice from seasoned company founders? MayField Fund and First Round Capital are sponsoring a raffle to give away mentoring sessions with the founders of Digg ( Jay Adelson ), Flickr ( Caterina Fake ), Mint ( Aaron Patzer ), Ning (G ina Bianchini ), Slide ( Max Levchin ), and Zynga ( Mark Pincus ). The raffle will take place at a private event in Silicon Valley with space for 100 attendees on March 1

Fujisoft ’s recently taken the wraps off its latest companion bot, and they call this one PALRO. PALRO’s 39 centimeters tall (just over a foot), and boasts a 1.6GHz CPU Intel Atom CPU, 1 GB of RAM, 4 GB of flash memory, a 3 MP camera, Wi-Fi, 802.11 b/g/n, and a lithium ion battery to top it all off.

Google and Yelp are in advanced acquisition negotiations, we’ve confirmed from multiple sources. And while the deal isn’t done, we’ve heard that it’s very likely to close. The price is supposedly at least $500 million.

Philips has just announced a new 9704 LED Pro line of televisions bound for the UK. The two sets promise a 5,000,000:1 contrast ratio, a 200Hz refresh rate, and a 1-ms response time . Philips promises both models — the 40-inch 40PFL9704 and the 46-inch 46PFL9704 — are up to 50 percent more energy efficient than previous models, and both boast 5 HDMI ports