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What you need to know - Friday 1/14/11

by Katie Gatto, January 14, 2011 | Comments

Milewise raised $1.5M; ShopSocial $1.2M; Benchmark Capital $425M for seventh VC fund

Milewise, an invitation-only startup currently in stealth mode, raised $1.5 million in debt funding. RepEquity, a provide of oneline reputation and social media management services, aquired Virilion, another digital agency. Local.com, a search engine centered around finding what is local, has underwritten a public offering of 4 million shares of its common stock. The price will be $4.25 ...

Today's Investor: Naval Ravikant

by Katie Gatto, January 14, 2011 | Comments

No. 1 mistake: They focus on the idea rather than on the people, execution, or market

Entrepreneurs, and those who work at startups, are a special part of the workforce. They embrace innovation and disruption. They live on the edge, and, at times, chase the latest shiny object. But their willingness to fail and try something new often enable them to make a big difference. The Vator community is made up of these unique people. ...

What you need to know - Thursday 1/13/11

by Katie Gatto, January 13, 2011 | Comments

Kabbage raised $6.65M; PadPressed $1M; Facebook teams up with Amber Alert

Concur, a company that makes integrated travel and expense management software, is to acquire TripIt, a travel plan sharing site. The acquisitions will include both a $82 million in cash payments, and unvested restricted stock units at a currently undetermined amount. RockYou, a developer of social games, is aquiring Playdemic, another social games developer. The terms of the deal were ...

Today's entrepreneur: Nathaniel Hunter

by Katie Gatto, January 13, 2011 | Comments

No. 1 mistake: Being naive about the time, money, and resources needed to get things done

What you need to know - Wednesday 01/12/11

by Katie Gatto, January 12, 2011 | Comments

Baynote raised $13M; Adknowledge $200M; Formspring $11.5M; M9 Defense $1.4M; Pose $1.6M

NetApp, a storage and data management solution company, will acquire Akorri Networks, the makers of data center management software. The terms of the agreement were not disclosed, but this is an all-cash transaction. Baynote, a maker of link-generating software, raised $13 million in its second round of funding. The round was led by SingTel Innov8. Adknowledge, an online advertising company, ...

Today's entrepreneur: Mark Goldenson

by Katie Gatto, January 12, 2011 | Comments

No. 1 mistake: Giving up too early. Perseverance is the most important trait for entrepreneurs

What you need to know - Tuesday 01/11/2011

by Katie Gatto, January 11, 2011 | Comments

Groupon raised $950M; Adknowledge $45M; Square $27.5M; Bump $16M; Foodspotting $3M; PHP Fog $1.8M

Adknowledge, a large Internet advertising network, raised $45 million in funding from Technology Crossover Ventures and JMI Equity. Other terms of the deal were not released. TargetSpot, the operators of a large digital audio advertising network, raised $8 million in equity financing. Investors in the round incuded Union Square Ventures, Bain Capital Ventures, CBS Radio and Milestone Venture Partners. ...

Today's entrepreneur: Shawn Ivey

by Katie Gatto, January 11, 2011 | Comments

No. 1 mistake: Lack of focus. Always too much to do and too little time...

Today's entrepreneur: Mark Goldstein

by Katie Gatto, January 10, 2011 | Comments

	No. 1 mistake: Hiring badly Entrepreneurs, and those who work at startups, are a special part of the workforce. They embrace innovation and disruption. They live on the edge, and, at times, chase the latest shiny object. But their willingness to fail and try something new often enable them to make a big difference. The Vator community is made up of these unique people. ...
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What you need to know - Monday 01/10/2011

by Katie Gatto, January 10, 2011 | Comments

VillageVines raied $3M; Klout $8M; SoundCloud $10M; Verizon iPhone to launch on Tuesday

Klout, influence-measuring startup, raised $8.5 million. The round was led by the Kleiner Perkins Caufield & Byer sFund. Greycroft Partners also participated. VillageVines, a discount service for fine dining, raised $3 million. This round of funding was led by Hearst Interactive Media. Verizon announced it will have the iPhone’s on Tuesday. Specifics of the plan and coverage have yet to ...

What you need to know - Friday 01/07/11

by Katie Gatto, January 7, 2011 | Comments

Personal raised $7.6M; Mac App store hits 1M downloads on day one; Dimdim bought by Salesforce

Apple announced that the Mac App Store had one million downloads in its first day in operation. Personal, a data-management company for individuals, raised $7.6 million. This was the Series A round of funding. Participating investors included: Grotech Ventures, Revolution LLC, Allen & Company and Eric Semler. DimDim, a Web conferencing service, has been acquired by Salesforce for $31 ...

Today's entrepreneur: Joe Kraus

by Katie Gatto, January 7, 2011 | Comments

No. 1 mistake: Not being persistent enough and not hiring well and/or hiring too fast

Today's entrepreneur: Andy Kurtzig

by Katie Gatto, January 6, 2011 | Comments

No. 1 mistake: Aggressively publicizing (PR) their business before the business is ready to deliver

Entrepreneurs, and those who work at startups, are a special part of the workforce. They embrace innovation and disruption.They live on the edge, and, at times, chase the latest shiny object. But their willingness to fail and try something new often enable them to make a big difference. The Vator community is made up of these unique people. To ...

What you need to know- Thursday 01/06/2011

by Katie Gatto, January 6, 2011 | Comments

Qik raised $6.3M; Jinni $5M; SoftTech $15; VC Tapjoy $21M; SEC investigates Facebook's fundraising

The Mac App Store is now available to the public. The store currently has more than 1,000 apps. The Mac App Store comes as part of a Software Update for Mac OS X v10.6.6. Clickfree, an automatic backup service for PC and Mac, raised an undisclosed amount from Intel Capital.The company did reveal that this brings its total funding ...

RootMusic raises $2.3M to help bands

by Katie Gatto, January 5, 2011 | Comments

Streaming music, download links, and YouTube videos added to one of the largest social networks

Bands are kind of a MySpace thing. As a matter of fact MySpace declared itself to be all about music. Bands love to use MySpace because of its pimped-out profiles, and the ability to add tracks to profiles. Facebook for bands is kind of plain. Or, at least it used to be. But that could change. One company is ...

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