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TokBox raises $12M, launches OpenTok

by Faith Merino, November 15, 2010 | Comments

The OpenTok video chat platform allows up to 20 users to chat on multiple Web pages simultaneously

The video chat space is heating up. TokBox, a San Francisco-based Web video communications provider, announced Monday the close of a $12 million Series C round led by DAG Ventures, with participation from existing investors Bain Capital and Sequoia Capital. Since launching in October 2007, the company has raised a total of $26.4 million. With all the other Web-based video ...

Google updates map: too little too late?

by Faith Merino, November 15, 2010 | Comments (1)

A Google Maps error forces the OAS to convene and call for the removal of troops from Costa Rica

Many are likely aware of the “war” between Google and Facebook: Facebook is sucking up all of Google’s talent, Google strikes back by disabling Facebook’s ability to import data from Gmail, so Facebook launches a counterattack by releasing Facebook email. But over the weekend, a real war in Central America was narrowly avoided. The cause of the war: an error ...

GE to buy 25,000 electric vehicles by 2015

by Faith Merino, November 12, 2010 | Comments

Half of the cars will come from GM, beginning with the Volt

Looking to break into clean tech? Electric vehicles and EV infrastructure are the way to go. General Electric announced late Thursday that it will be buying 25,000 electric vehicles by 2015 in what many are saying is the largest order of electric vehicles ever. Of those vehicles, 12,000 will come from General Motors, starting with the much-talked-about Chevy Volt in ...

Report: privacy concerns and Web users

by Faith Merino, November 12, 2010 | Comments

The Forrester report finds that younger Web users are less concerned about privacy than older users

As little as ten years ago, the concept of Internet privacy had a totally different connotation. Web users understood that there were a few established guidelines to avoid having your identity stolen, or having your home broken into by thieves and rapscallions prowling the Web. For one thing, you didn’t give anyone your full name (despite the fact that out ...

Punchbowl acquires Socializr

by Faith Merino, November 12, 2010 | Comments

The acquisition spells out good times for all

Punchbowl, an all-in-one party-planning solution, announced Friday morning that it has acquired Socializr, formerly Evite 2.0. The terms of the deal were not disclosed, but many are privy to the hard times that Socializr has fallen on recently, which forced them to lay off all of its staff last year. Founded in 2006 by Friendster founder Jonathan Abrams, Socializr was ...

Amazon removes pedophile instruction manual

by Faith Merino, November 12, 2010 | Comments (1)

A victory for child advocates or a victory for censorship?

Following a barrage of complaints and more than a few threats to boycott the site, Amazon has removed a how-to guide for pedophiles from its listings. The hubbub has ignited a maelstrom of debate over free speech and e-commerce, with lofty principles being bandied about on both sides of the argument. But what is really at stake here? It is worth ...

Employee fired for leaking Google raises

by Faith Merino, November 11, 2010 | Comments

Google is giving out 10% pay raises and $1,000 cash bonuses to all except the employee who leaked

Correction: Chad Hurley has not entirely left Google, but maintains an advisory role. Earlier this week, Business Insider reported that Google has surprised all of its employees with $1,000 cash holiday bonuses and 10% raises across the board, according to unnamed sources. Now reports are surfacing that the employee who leaked the information has been fired. Google CEO Eric Schmidt sent ...

Angie's List raises $2.5M, adding to $22.5M

by Faith Merino, November 11, 2010 | Comments

The latest round of funding brings the company's total financing for 2010 to $25M

Angie’s List, a subscription-based directory of reviews for services and service providers, announced Thursday the close of an additional $2.5 million round of funding led by Saints capital, adding to the $22.5 million raised last month to bring the company’s total financing for 2010 to $25 million. The Indianapolis-based consumer review site will use the funds to expand its Health ...

DataPop raises $1.7M for paid search ads

by Faith Merino, November 11, 2010 | Comments

The ad platform is backed by Rincon Venture Partners, IA Ventures, Momentum, Accelerator, and angels

DataPop, a paid search ad platform, announced Thursday the close of $1.7 million Series A round led by Rincon Venture Partners, with help from IA Ventures, Momentum Ventures, Accelerator Ventures, and a number of angel investors. Founded in 2008 by CEO Jason Lehmbeck and COO John Zimmerman, Yahoo and Overture Services veterans, DataPop helps clients create customized ad campaigns that ...

Amazon offering how-to guide for pedophiles

by Faith Merino, November 11, 2010 | Comments

The book has stirred a lot of controversy, but Amazon stands by its decision to sell the title

Show of hands: who wishes that there were more implements in place to protect child pornographers? Anyone? Well, as it turns out, Amazon is toeing the line with a new book that it’s offering for the Kindle: The Pedophile’s Guide to Love and Pleasure. Yes, that’s the title. The book, written by Philip R. Graves II (which means there's a ...

Coro Health raises $2M for music therapy

by Faith Merino, November 10, 2010 | Comments

The company provides music and other content therapies to care facilities across the U.S.

More and more specialists, doctors, and organizations are getting behind the healing power of music therapy, and Coro Health, an Austin, TX-based music therapy provider, today announced the close of a $2 million Series A round led by Bob Martin, former CEO of Walmart International, and Kent Lance of KPI Austin. Customized, one-on-one music therapy, while effective, is expensive, so ...

MyShape gets $5.5M for personalized shopping

by Faith Merino, November 10, 2010 | Comments

The shopping site is the Pandora for women's apparel

My friends and I shop for a lot of things online: bags, shoes, scarfs, hats, picture frames, wall sconces, refrigerator magnets, assorted gadgets and doodads, but we don’t shop for clothes. Sizes are invariably off, colors never come out the way they were supposed to, and then there are the less pleasant details to consider, like apple shapes, pear shapes, ...

Groupon founders invest $1M in Sprout Social

by Faith Merino, November 10, 2010 | Comments (1)

Lightbank is said to be gearing up to make the announcement Wednesday

Since Groupon co-founders Eric Lefkofsky and Bradley Keywell created their investment fund Lightbank in March of this year, they have made three investments: $750K in travel application Where I’ve Been back in April, an undisclosed amount in Sprout Social in May, and an undisclosed amount in Betterfly in September. Word on the street is that Lightbank plans to announce Wednesday ...

Yahoo offering to buy Groupon...again?

by Faith Merino, November 9, 2010 | Comments (2)

Sources say that Yahoo is willing to pay as much as $4 billion for the group deals company

A little over 24 hours after Bloomberg reported rumors that Groupon is looking to raise funds that would put its valuation at $3 billion, now reports are surfacing that Yahoo, which has a market cap of $22 billion, has made an informal offer to buy Groupon for as much as $4 billion, according to an unnamed source. Business Insider reported ...

Top mistakes entrepreneurs make when pitching

by Faith Merino, November 9, 2010 | Comments

Cali Tran discusses mistakes entrepreneurs make when looking to get funded

I spoke with Cali Tran, a principal at North Bridge Venture Partners, at the September Vator Splash event, and he mentioned some of the top mistakes that entrepreneurs make when trying to get funded. Many, for example, don't do their research ahead of time and simply deliver their pitch without stopping to consider the different interests of the investors to ...

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