Venture capital Archives

ZocDoc Gets New Funds for Expansion

Tweet ZocDoc announced a $15 million Series B funding round this morning. According to the release, “The round was led by Founders Fund; Khosla Ventures, which led ZocDoc’s Series A funding, participates in the round. The Series B funding will help ZocDoc expand its network of practitioners and accelerate its nationwide growth.” A kind of […]

Foursquare’s Plans for the Future

Tweet After a protracted set of M&A discussions with Yahoo and Facebook (and perhaps others), Foursquare announced that it had secured $20 million in funding from several VCs: Union Square Ventures, O’Reilly AlphaTech Ventures and Andreessen Horowitz. CEO Dennis Crowley discussed the funding and how it would be used in his blog post: With this […]

Calling Angels: New Mobile Startup

Tweet I met today with a new startup in the mobile space that I would all-but-guarantee is going to be acquired by either a hardware OEM or major mobile competitor. The company hasn’t officially launched so I can’t identify who it is. Sorry; I realize this is kind of like Hotwire with hotel rooms. 🙂 […]

Platial Shut-Down Means Nada for Local

Tweet Platial was one of the early mapping sites that allowed individuals to create personal maps, before Google MyMaps and Bing Maps “collections.” It launched in the heady period of early “mashups” along with a number of others doing similar things. The site is now winding down, having run out of money “18 months ago,” […]

WebVisible Closes $20M ‘C’ Round

Tweet WebVisible has just closed another financing round of $20 million, “led by Focus Ventures and Adams Street Partners. Existing investors Redpoint Ventures and Sutter Hill Ventures also participated.” The company will use the money for additional R&D and to grow its direct sales force. I spoke with CEO Kirsten Mangers this weekend and she said […]

Yelp to Gain $50 Million Round?

Tweet TechCrunch is reporting that Yelp will soon announce a new funding round of roughly $50 million. I had heard something like this during the Google-Yelp acquisition talks: that an “alternative” to the acquisition would be Yelp raising a “Zynga-like” funding round. Let’s assume it’s an accurate report. What might that fund? It might fund […]

IPOs a Comin in 2010?

Tweet In the post “Yelp turned down Google” chatter the word is the company is headed for IPO city. Here’s Business Insider: Why would Yelp’s investors allow Jeremy to turn down a $550 million deal when the company’s revenues are only in the tens of millions of dollars? But our source tells us investors are […]

When Money's on the Table, Take It

Tweet TechCrunch is reporting that Friendster sold not for $100 (the rumor) but something less than $23 million: The total purchase price paid was $39.5 million. But lots of stuff was deducted, totalling $13 million and change . . . The total to shareholders after the deductions? About $26.4 million. And $3.8 million of that […]

Groupon Raises a Whopping $30M

Tweet Local deals and coupon (er, “social commerce”) purveyor Groupon announced that it had raised $30 million: Groupon, the social commerce service that has saved consumers in cities across America more than $36 million since its launch 12 months ago, has raised a $30 million round of capital led by Accel Partners with participation from […]

8coupons: the Coupon Site That Could

Tweet I met briefly last week with 8coupons, which is based in NY. The very small company began life exclusively as a mobile platform for coupon distribution, doing direct sales to local businesses. Talk about hard: selling local SMBs on mobile couponing. (In past surveys I conducted with Opus Research, about 10% of SMBs said […]