Venture capital Archives

Report: LivingSocial ‘Days from Chapter 11’

Tweet Earlier today it was reported that LivingSocial secured another $110 million from existing investors. This was presented as a “vote of confidence” that would allow the company to reach profitability in the next quarter (or so). Here’s how the article read: LivingSocial Inc. has raised $110 million from a group of existing investors that […]

xAd Grabs $9M, Prepares for Lo-Mo Expansion

Tweet As I’ve written at Internet2Go, xAd this morning announced a $9 million funding round. We’ve now got a situation where xAd and AT&T are both claiming to be the “largest local-mobile ad network.” AT&T offers display ads (mostly in-app), while xAd serves both search and display ads. (Correction: AT&T offers both search and display […]

‘Mobile Craiglist’ Zaarly Gets $14M

Tweet Several outlets are reporting that (primarily) mobile marketplace Zaarly has received $14 million in new funding and Meg “eBay” Whitman is joining the company’s board. No doubt Whitman will help Zaarly improve and refine its UX and model. If the site can achieve some kind of critical mass it can work. However right now […]

‘The Fall of MySpace’ and Other Harvard B. School Case Studies

Tweet TechCrunch talks about the pitch and the financials that News Corp is using to try and sell MySpace. Arrington says the site is projected to lose $165 million during its 2011 fiscal year. Unlike the Flip camera, perhaps this is one entity that should simply be shuttered. One day soon MySpace will likely become […]

Should Google Have Gone After LivingSocial Instead?

Tweet Yes is the answer. After rumors of big funding last month, the news comes via the NY Times and others that LivingSocial just secured another mega-round of investment — this time $400 million. According to the Times: Less than four months after landing a $175 million investment from the e-commerce giant Amazon, LivingSocial last […]

A Press Release with a Sense of Humor

Tweet Groupon put out a press release today confirming its massive, unprecedented funding round (“Like, a billion dollars”). The release contains facts and jokes: Today Groupon announced that it has completed a $950 million round of financing. Groupon will use the funds to fuel global expansion, invest in technology, and provide liquidity for employees and […]

Facebook Now More Valuable than YHOO, EBAY

Tweet After the reported $500 million investment and $50 billion valuation Facebook is now more valuable than Yahoo and eBay: Facebook’s revenue run-rate is supposedly $2 billion (compare Google’s anticipated $30 billion in 2010). What do you think of the investment? And do you think the valuation is justified?

Amazon Invests $175M in LivingSocial

Tweet Here it is . . . hot off the wires: LivingSocial  has secured a $175 million investment from Amazon. LivingSocial has also secured an additional $8 million investment from Lightspeed Venture Partners. LivingSocial will use this investment to maintain a steady drumbeat of worldwide launches and overall business growth while continuing to serve more […]

Qype Grabs EUR 6.5M in New Funding

Tweet German-based local reviews site Qype has raised another EUR 6.5 million (8.7 million USD). Vodafone is an investor according to TechCrunch. That means Vodafone will pre-load the Qype app on selected handsets. Founded in 2006 in Hamburg the company operates throughout Western Europe, with the UK being one of its largest properties. Qype competes […]

Yelp Check-in Deals, Groupon Wants More Funding

Tweet Yelp said last week that it’s going to add offers/deals as an incentive to check in. I had wondered when there were going to tie their long-standing local merchant offers to check-ins. However this is a new program: Later this month, we’ll be building on top of Yelp Check-ins by introducing Check-in Offers. Check-in […]