What you need to know - 02/10/11

Andreesen Horowitz puts $80 million in Twitter; Facebook and Google itching for the company

Technology trends and news by Ronny Kerr
February 10, 2011
Short URL: http://vator.tv/n/16e8

Abe's Market, an online marketplace for natural products, closed a $3.4 million Series A round of financing led by Accel Partners, who are joined by existing investor Index Ventures and their other angel investors.


Docufide, a SaaS solution for helping academic institutions process transcriptions, raised a $4.5 million Series A round of funding led by Matthew L. Pittinsky, Blackboard's co-founder and former CEO and Executive Chairman.

Nine in 10 U.S. Internet users visit a social networking site monthly, according to comScore. More analytics data about the burgeoning world of social networking here.

Glassdoor, a startup for employees to talk freely about their company, secured $12 million in Series C funding, led by Battery Ventures with participation from existing investors Benchmark Capital and Sutter Hill Ventures.

VatorNews' Faith Merino argues in favor of the controversial Groupon ads aired during the Super Bowl.


Local content provider Examiner.com will be teaming up with LivingSocial to bring daily deals to its 25.2 million unique monthly visitors. 

While Latinos have lower levels of Internet and cell phone usage compared to whites and blacks, when controlled for education and income, their usage is the same, according to a new Pew report.

Social network maker SocialGO raised $2.2 million.


Sparrow, a new elegant email client for Mac, raised a seed round of funding from Kima Ventures.

SpeakerText, a startup that automates video transcriptions, raised $600,000 from a group of angel investors led by Mitch Kapor.


Facebook and Google have expressed ongoing interest in acquiring Twitter for somewhere between $8 and $10 billion, according to the Wall Street Journal.


Major Silicon Valley venture capital group Andreessen Horowitz invested over $80 million in Twitter by purchasing stock in private secondary markets.

Today's entrepreneur is Ethan Anderson, co-founder and CEO of Redbeacon.


Related companies, investors and entrepreneurs

Description: Redbeacon will find the right business or person to handle any local service need. Request a service (e.g., gardener, carpet cleaner...
Description: What is Twitter? Twitter is an online information network that allows anyone with an account to post 140 character messages, called tweet...
Bio: Former Founder and CEO of MyTime and Redbeacon (TC50 winner acquired by Home Depot), Product Mgr on Google Video and Google Ima...

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