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What you need to know - 03/30/11

AngelPad's 13 startups strut their stuff; Evan Williams leaving Twitter; Meg Whitman joins KPCB

Technology trends and news by Ronny Kerr
March 30, 2011
Short URL: http://vator.tv/n/18ad

AngelPad, a young mentorship program founded by a group of ex-Googlers, hosted a demo day at its office in downtown San Francisco, uniting the program's newest class of 13 startups with some of the biggest names in Silicon Valley investing.

Bubble Motion, provider of a service that's like "Twitter with a voice," has raised $10 million in new funding led by SingTel Innov8 with participation from Singapore’s Infocomm Investments, Sequoia Capital, Palomar Ventures and NGC.

Following an unsuccessful bid at the governor's seat for the state of California, former eBay CEO Meg Whitman is now setting her sights on a new career path with Kleiner Perkins Caufield & Byers.

 

 LivingSocial has raised an additional $2.9 million in equity funding, according to an SEC form filed Monday by LivingSocial's parent company Hungry Machine. No word yet on who the investors were.

Message Bus, message delivery for the next generation, completed a $3 million Series A financing with True Ventures.

Cloud computing titan Salesforce has entered into a definitive agreement to acquire Radian6, a social media monitoring platform, for approximately $276 million in cash and $50 million in stock, net of cash acquired.

Skype is offering a new online tool called Skype in the classrom to help teachers and their students connect with other educators and classrooms around the world.

 

Sundrop Mobile, boosting customer loyalty for client companies, closed a $900,000 Series A funding round, led by Vocap Ventures.

Startup incubator TechStars raised $8 million in new funding for its programs in Boston, Boulder, New York, and Seattle. The new funding comes from more than fifty venture funds and over 25 individual angel investors.

 

 

Just a day after original chief executive Jack Dorsey revealed that he will be returning to the company to head product, another former Twitter CEO, Evan Williams, says that he will be playing a less active role in the development of the microblogging service.


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