Facebook sues Power.com

Apparently, Power wasn't in compliance with other social networks

by Bambi Francisco - January 02, 2009
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Funding roundup - week ending in 1/2/09

by Meliza Solan, January 4, 2009 | Comments (0)

OpenLane, Taptu, and SocialBomb kick off the new year with funding

Given the holidays, it was a quiet week for fundraising announcements. But there were several companies that started the new year with a new round of capital. The following are the few startups in the consumer Internet, digital media, advertising, and mobile sectors that raised money this past holiday week. OpenLane raised $10 million from from Meritech Capital Partners, August Capital, ...

2008 was an ugly year for venture capitalists

by Bambi Francisco , January 2, 2009 | Comments (0)

Exits hit $24.1 billion down 58% from 2007

Venture capitalists are probably glad 2008 is over as liquidity events were hard to come by during the toughest economic times in recent history.Overall, U.S. venture-backed companies generated $24.1 billion in liquidity through IPOs and M&As in 2008, down 58% from the $57.6 billion in liquidity produced in 2007, resulting in the worst year since the post-tech-bust doldrums of 2003, ...

Halsey Minor's 8020 mag shutters its doors

by Bambi Francisco , January 2, 2009 | Comments (0)

Fresh signs of turmoil hitting Internet sites in 2009

User-generated magazine publisher and Internet site, 8020 Media was a promising venture backed by Halsey Minor, founder of CNet Networks. Launched in 2006, it had a seemingly good community-generated business model that leveraged the Web. It was comprised of sourcing photographs from the community and allowing users to select winning photos that would be would be published in a magazine. ...

I'll take mine straight

by Demian Entrekin, December 28, 2008 | Comments (0)

Michael Lewis opens a window into how and why the house of cards fell

More often than not, being straightforward and brutally honest can save a lot of time and pain.A recent article by Michael Lewis provides a window into how and why the US economy foundered. He tells this story through the lens of a few naysayers who had been convinced it would all come tumbling down. These folks had put their money ...

Funding Roundup - week ending in 12/27/08

by Meliza Solan, December 28, 2008 | Comments (0)

Provigent and Jazd Markets are among startups that close the year 2008 by raising funds

Here are a few companies in the consumer Internet, digital media, advertising, and mobile sectors that raised money this past holiday week. Provigent Inc.raised $10 million from Lightspeed Venture Partners, according to a press release. The Santa Clara, Cali-based company is a maker of system-on-a-chip technology for the wireless broadband industry. The company contains four segments which are cellular backhaul infrastructure, ...

Google's Homer gift - the Android phone

by Bambi Francisco , December 23, 2008 | Comments (0)

	It's not a bad bonus; it's just not cash Google, whose share price has been slashed by more than half this year - along with most other stocks, has decided to go lean on the Christmas bonuses. This Christmas, Googlers will receive a $179.99 T-Mobile phone, running on the Android operating system. Now, that may sound like a nice gift, if you worked at a small startup. But some ...
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Sumner Redstone - Biggest media loser 2008

by Bambi Francisco , December 22, 2008 | Comments (0)

Silicon Alley Insider puts Viacom's Sumner Redstone on top of loser list

From layoffs, to a bankruptcy filing to share prices cut in half, it's been a tough year for big media companies.So, who's the biggest loser of all the titans of media in 2008? The Tribune newspaper, with $13 billion in debt, filed for bankruptcy earlier this month. With that big implosion, you'd think that real estate mogul Sam Zell, who ...

Funding roundup - week ending 12/20/08

by Meliza Solan, December 21, 2008 | Comments (0)

Taptu, Chegg, BlueKai and Overlay.tv are among the companies raising funds

Here's a list of some companies in the consumer Internet, digital media, advertising, and mobile sectors that raised money in the last week. Icera Inc. raised $70 million from Atlas Ventures, Balderton Capital, Accel Partners, Amadeus Capital Partners, according to a press release. The Bristol, UK-based company is a wireless soft modem company.Founded in 2002, developed the world's first market ...

Socialmedian sells to Xing for $7.5 million

by Bambi Francisco , December 19, 2008 | Comments (3)

Personalized news aggregator gets snapped up in successful exit

How do you take under $1 million and turn it into $4 million in a year? Ask Jason Goldberg, founder of socialmedian. European social network, Xing, is buying socialmedian, a personalized news aggregation site, for $7.5 million, about $4 million cash upfront and $3.5 million in an earn out. Liquid Scenarios, our sponsor for Vator Box, predicted the acquisition amount ...

Foodzie raises $1 million in seed funding

by Bambi Francisco , December 17, 2008 | Comments (0)

Marketplace to connect food lovers with small food artisans

Foodzie, an online marketplace where consumers can discover and buy food directly from small, artisan producers, said it's received $1 million in seed funding from angel investor Jeff Clavier, First Round Capital, and other angel investors. Foodzie was one of this year's startups incubated at TechStars. Read TechStars founder David Cohen's post on the funding round. I'd go into what ...

Traditional media are unlikely buyers

by Jeremy Liew, December 17, 2008 | Comments (0)

Don't expect TV and Print establishment to buy up consumer Internet startups

Over the last few years TV and Print publishing companies have been acquiring internet companies and providing the primary source of exits as IPOs have been few and far between. Exits have included MySpace and CNet on the top end to last.fm; Plaxo in the middle; Kaboodle and LX.TV on the smaller side. It looks like there will be fewer ...

Twitter serious about finding revenue

by Bambi Francisco , December 17, 2008 | Comments (0)

Micro-blogging site seeks product manager focused on revenue generation

Funding roundup - week ending in 12/12/08

by Meliza Solan, December 14, 2008 | Comments (0)

Expresso Fitness, Tumblr, SnapMyLife are among companies that raised funds

Here's a look at some of the funding announcements across the social network, community, video, digital media and advertising sectors. Expresso Fitness raised $14 million from Sierra Ventures, Physic Ventures, and Enterprise Partners Venture Capital, according to The Earth Times. The Sunnyvale, California-based company markets exercise bikes to fitness centers in a virtual way. ExpressoFitnesss offers an upright bike and a ...

Yahoo layoffs, live on Twitter

by Bambi Francisco , December 10, 2008 | Comments (1)

	Will Yahoo resumes be sent to Redmond? It's a tough decision to have layoffs during the holidays. But employees at Yahoo can't say they didn't expect it, after having been given a heads up in October. Although, of the roughly 15,000 global workforce, it's been unclear as to who exactly would receive a pink slip.Today, is the day that we'll know. Yahoo, which has been in a ...
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