What you need to know - 05/17/11

A conversation with Demand Media co-founder Shawn Colo; LinkedIn raises the price of its IPO shares

Technology trends and news by Ronny Kerr
May 17, 2011
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Bee TV raised $1.5 million from Italian venture capital firm Innogest to fund its new social TV watching app on the iPad.



Dealfind, a local daily deals site based in Toronto, secured $31 million in funding from Insight Venture Partners, Georgian Partners and the Ontario Venture Capital Fund.


Vator Splash LA is coming up next week, and to get ready for it, VatorNews' Faith Merino struck up a chat with one of our keynote speakers, Demand Media co-founder and EVP of M&A Shawn Colo.

Local Q&A site Hipster raised $1 million in seed funding from several angel investors: Mitch Kapor, Dave McClure/500 Startups, Lightbank, Google Ventures, Charles River Ventures, Max Ventilla, TechStars David Cohen and David Tisch, Google’s Don Dodge, Paige Craig, Ludlow Ventures, Lerer Ventures and others.

Sequoia Capital confirmed its latest early-stage Internet investment in the U.S: Humble Bundle, a distributor of digital games.

Jobvite, offering next-gen recruiting solutions, received $15 million in Series C funding led by Trident Capital and joined by CMEA Capital and ATA Ventures.

LinkedIn, which is set to debut on the NYSE on Thursday under the ticker "LNKD,"  raised the price of its 7.8 million shares to $42-$45 per share, from $32-$35. The change means the IPO could raise as much as $405.7 million.

Netflix has signed a multi-year agreement with Miramax to stream the studio’s titles digitally—which marks a first for both Miramax and Netflix.


SecondMarket completed $115.4 million in private company stock transactions in Q1 2011, bringing total transaction volume to over $600 million since the market launched in April 2009.

Tradeshift, the social network for business, announced new capital fundraising of up to $7 million from Notion Capital.

Pop music diva Lady Gaga is the first to ever reach 10 million followers on Twitter, as confirmed by the Lady’s account and by the official Twitter team.


uma, provider of semantic Web technology, closed an 800,000 Euro round ($1.1 million) of funding from as well as private European investors.

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Demand Media
Description: Demand Media is building a different type of new media company. With a proprietary media platform that powers the company's highly-traffi...
Description: What is Twitter? Twitter is an online information network that allows anyone with an account to post 140 character messages, called tweet...

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