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Y Combinator and Facebook teaming up

by Katie Gatto, August 27, 2010 | Comments

Product, technical and design support for social based start up companies

Facebook is teaming up with venture capital firm, Y Combinator, to encourage the creation of social-media-based startups. Startups that participate in the joint program will get early access to technology and upcoming Facebook features for their new Web site or applicaitons built for Facebook. "At a general level, a lot of them are building on Facebook and have often requested ...

What you need to know - Friday 8/27/10

by Katie Gatto, August 27, 2010 | Comments

Facebook and Y Combinator team up, Diaspora launches, Etsy raises $20M for $300M valuation

Index Ventures triples Etsy's valuation. Index Ventures bought into Etsy, in a series E financing for $20 million. This raises the companies current valuation to over $300 million. All of the shares sold in this round were secondary, but none of them came from the companies founders or employees. Facebook to Mentor YCombinator Start ups. Facebook, the social media ...

Facebook sues Teachbook for the use of 'book'

by Katie Gatto, August 26, 2010 | Comments

Social network contends that the use of 'book' for networking sites could dilute its brand

Let it be now known that the name "Book" in combination with another "generic" word is forever outlawed, if used as a commercial venture around social networking. Well, that is at least the hope of Facebook which believes the use of the word "Book" would disgrace its good name. Facebook last Wednesday filed a trademark infringement suit against Teachbook in ...

How would Flowtown work for an entrepreneur?

by Katie Gatto, August 26, 2010 | Comments

Founder and CEO Ethan Bloch says his target market is small businesses

Recently, I had the chance to chat with Ethan Bloch, the creator and CEO of Flowtown, which just raised $750,000 in seed funding, and asked him a few questions about the start up and how exactly it would work for the budding entrepreneur. KG: Why did you design Flowtowns around existing customers and not around the idea of attracting new ...

What you need to know - Thursday 8/26/10

by Katie Gatto, August 26, 2010 | Comments

Is Six Apart on the selling block, Apple's mystery event, Google phone booths

Its another business day and you know what that means. More news to keep you ready to begin the day fresh faced and well informed. Six Apart, one of the original blogging platforms on the Web, has some serious rumors swirling around it regarding impending possible purchase. Six Apart has hired GCA Savvian, an investment banking firm that is well-known ...

Flowtown raises $750K seed funding

by Katie Gatto, August 26, 2010 | Comments

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Social marketing startup get cash from private angel investors

Flowtown, a social marketing platform with the goal of helping businesses turn email contacts into engaged customers, with the help of social media platforms, said this week that it's raised $750K in seed funding from angel investors including Mitch Kapor, Mark Goines , Dave McClure, Steve Anderson, Saar Gur, Travis Kalanick, Auren Hoffman, Brian Norgard, and Dan Gould. The capital ...

Digital Chocolate sues Zynga over Mafia Wars

by Katie Gatto, August 25, 2010 | Comments

	Claims the name game is intentional (Updated with Zynga comment) Zynga, the maker of one of the most popular Facebook games,Mafia Wars is being sued by Digital Chocolate, a mobile game company. The court documents reveal that, Digital Chocolate is suing Zynga because it "falsely claimed to the public, the United States Patent Office and the courts that it 'coined' the Mafia Wars mark and owns ...
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Why Elevation wants to invest in Pandora

by Katie Gatto, August 25, 2010 | Comments

An estimated 100M users in 2010, revenue doubling, amazing assets, what's not to like?

Elevation is hoping to invest some $100 million dollars in the popular personalized music service, Pandora. The question is why? Firstly, it's part of their mission to make large-scale investments in consumer-related businesses, as their stated goal is to make "...large-scale investments in market-leading media, entertainment, and consumer-related businesses..." which definitely puts Pandora in the running. In June, Elevation bought ...

What you need to know - Wednesday 8/25/10

by Katie Gatto, August 25, 2010 | Comments

Elevation sinking $100M into Pandora; Qualcomm Incubator launches; Motorola buys 280 North

It's the beginning of the working day, and you know what that means. Time to get your news fix so that you can begin the day with all of the facts. Elevation wants into Pandora's box. Elevation Partners’ has been discussing the possibility of buying a stake in Pandora, with a proposed deal worth $100 million. While no official plans ...

Apple's iTunes U tops 300 million downloads

by Katie Gatto, August 24, 2010 | Comments

More then 350,000 files available to download, with courses available for entrepreneurs

Apple announced today that iTunes U, a learning oriented section of the iTunes store that features free content created by universities and other large intuitions around the globe has hit the 300 Million downloads mark. This milestone marks a level of free, public access to knowledge that parallels the creation of public libraries. iTunes U represents a collection of courses, ...

Google CEO hopes Scoop trumps Facebook

by Katie Gatto, August 24, 2010 | Comments

Eric Schmidt backs new college-recruitment service to be launched this fall at selec universities

The animosity between Facebook and Google is no secret to anyone in the world of technology. Each has large followings of end users and a list of products that are increasingly in direct competition. So when news broke that Tomorrow Ventures invested in Trumpet Technologies, a Palo Alto-based startup, that is developing a new social networking site called Scoop, it is not ...

What you need to know, Tuesday - 8/24/2010

by Katie Gatto, August 24, 2010 | Comments

AppleITunes tops 300M downloads, Google bets on Scoop, Facebook deletes accts, Stumble hits iPhone

It's another business day, and you know what that means: The news roundup is here to give you a quick look at the news that matters. iTunes U tops 300 Million downloads. Appple announced today that iTunes U, a learning oriented section of the iTunes store that features free content created by universities and other large instutions around the globe ...

AngelPad breaks into angel investing

by Katie Gatto, August 23, 2010 | Comments

Ex-Googlers bring money and mentoring to startups and entrepreneurs

Seven ex-Googlers have banded together to create AngelPad, a startup incubator that aims to provide capital and mentoring in a collaborative environment. This new venture, founded by members who are already, for the most part, private angel investors, will represent a mix of talent and capital. Any of the founders chosen to participate in the program are given the chance ...

Germany says 'Nein' to Facebook prying

by Katie Gatto, August 23, 2010 | Comments (1)

A new proposed law would stop employers from checking out job candidate profiles on Facebook

If you've been worried that comprosing photos of yourself on Facebook may end up in the hands of a potential employer, don't fret. Well, at least if that employer happens to be based in Germany. A new law being considered in Germany would bar potential employers from searching the Facebook pages, or any other personal social networking sites, of their ...

Daily roundup Monday 8/23/2010

by Katie Gatto, August 23, 2010 | Comments

Googler's form AngelPad incubator, Apple's jail-broken iPhone patent, Avast raises $100M,

It's Monday morning, and you know what that means. It's time to catch up on everything that happened in the digital world over the weekend and this morning, so that you can start the week in the know. Here's what's happening: Apple has a patent that would allow them to disable the jail broken iPhone. Ever since the iPhone came ...

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