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Funding roundup - week ending 09/09/11

by Ronny Kerr, September 9, 2011 | Comments

Seed to late, consumer to business: the capital is flowing

Seed-stage Location-sharing app Echoecho won the support of Google Ventures and UK-based venture firm PROfounders Capital in the form of $750K in seed funding. Lanyrd.com, the social conference dictionary, closed a $1.4 million round of seed funding from primarily UK investors alongside some US angels. Principal contributors are Index Seed and PROfounders, along with Joi Ito, ...

AOL and Yahoo mull a merger, but it's not likely

by Ronny Kerr, September 9, 2011 | Comments

Their financials make them look like they're going the way of the dinosaurs

What do you get when you combine a Triceratops with a Stegosaurus? I mean, besides the Jurassic Park movies. Hint: it involves “being a dinosaur” and “really slow.”Awful metaphors aside, there’s little sense to be made of newly emerging rumors that AOL CEO Tim Armstrong is in discussions with Yahoo advisers, along with investment banking firm Allen & Co. acting ...

Zynga's Adventure World rolls out to Facebook

by Ronny Kerr, September 9, 2011 | Comments

Latest title from Zynga Boston takes the social gaming company in a new stylistic direction

Adventure World, Zynga’s new Indiana Jones-inspired social adventure game, just launched this week on Facebook.It’s still too early to tell how well the game is faring but, if precedent is any judge, there should be millions of people playing by next week. A major goal for Adventure World must be to steer away excitement from EA’s recently launched The Sims ...

RingCentral raises $10M to grow business telephony

by Ronny Kerr, September 9, 2011 | Comments

Growth-stage round led by Scale Venture Partners to help company expand its cloud phone service

RingCentral, provider of a cloud-based platform for business phone systems, announced Friday that it has raised a $10 million round of Series D funding led by Scale Venture Partners. Previous backers, including Sequoia Capital, Khosla Ventures, Cisco, DAG Ventures and Silicon Valley Bank, also participated.In total, the company has raised over $55 million.Features offered by RingCentral run the gamut, but ...

What you need to know - 09/09/11

by Ronny Kerr, September 9, 2011 | Comments

Twitter now has 100 million users; MOG and Google Music beef up their cloud music services

Nike created 1500 pairs of the NIKE MAG shoes made famous in Back to the Future II. The shoes will be auctioned on eBay and all proceeds will go to The Michael J. Fox Foundation, which promotes research on Parkinson’s Disease in the hopes of finding a cure. Even though there’s still no Google Music available in the App Store, ...

MOG hits the Mac; Google Music goes mobile Safari

by Ronny Kerr, September 8, 2011 | Comments

Battling over the best music technology: subscription services and cloud players

While it’s been fairly silent on the music technology front--even with San Francisco’s MusicTech Summit going down right after the weekend--two updates rolled out today remind us that the war over users’ ears still rages on.MOG for MacOver a year after launching on the iPhone, MOG has arrived on the Mac. This is big news since it brings MOG up ...

Twitter has 100 million active users

by Ronny Kerr, September 8, 2011 | Comments

As it passes one great milestone, the microblogging site plans a big ad push

Tweets per second records, number of new accounts registered, size of the company team--Twitter has always been very good about updating us with interesting statistics but, if you think about it, you don’t hear too often how many active users there are using the site.Until now!Twitter announced Thursday that the microblogging site has amassed 100 million active users. (The concept ...

Spreaker raises $1.1M for our radio personalities

by Ronny Kerr, September 8, 2011 | Comments

Host your very own radio show on Spreaker's elegant broadcasting platform

Glenn Beck... Don Imus... Rush Limbaugh... Laura Schlessinger... Ryan Seacrest... Howard Stern...... Ronny Kerr? Anyone who’s ever held at least half an opinion has dreamed of getting on the radio to broadcast their mind and voice over the airwaves. While social media services like Facebook and Twitter have made it simple to broadcast your voice over small text updates, no ...

Backupify raises $5 million to save your cloud data

by Ronny Kerr, September 8, 2011 | Comments

Google Apps and social media users alike can benefit from the backup solution

Backupify, provider of data protection and management services for cloud-based applications, announced Thursday that it has secured $5 million in Series B funding led by Avalon Ventures, with additional participation from General Catalyst and Lowercase Capital. All three are previous backers.Almost exactly a year ago, the company closed its $4.5 million Series A which, combined with its seed funding and ...

What you need to know - 09/08/11

by Ronny Kerr, September 8, 2011 | Comments

Facebook revenue at $1.6 billion for first half; Google Offers is successful, expands to more cities

Backupify, provider of data protection and management services for cloud-based applications, secured $5 million in Series B funding led by Avalon Ventures, with participation from General Catalyst and Lowercase Capital Location-sharing app Echoecho won the support of Google Ventures and UK-based venture firm PROfounders Capital in the form of $750K in seed funding. Facebook’s revenue in ...

Facebook names a new board member: Erskine Bowles

by Ronny Kerr, September 7, 2011 | Comments

Political, academic and business veteran joins the likes of Hastings, Thiel and Zuckerberg

Facebook announced Wednesday that it has added Erskine Bowles, most recently appointed as co-chair to President Barack Obama's National Commission on Fiscal Responsibility and Reform, to the company’s board of directors.“Erskine has held important roles in government, academia and business which have given him insight into how to build organizations and navigate complex issues,” said Mark Zuckerberg, founder and CEO ...

$1.6 billion in first half: Facebook revenues low?

by Ronny Kerr, September 7, 2011 | Comments

Though the social network is dominating display advertising, it may not be meeting expectations

Facebook’s revenue in the first half of 2011 reached $1.6 billion, according to an unnamed source with knowledge of the financials, Reuters reports. The same source says net income in the first half of 2011 approached $500 million.We contacted the company but, still private, Facebook does not disclose financial results.The numbers are interesting nonetheless because, to date, we have largely ...

Adfonic secures $7.5 million for mobile ad network

by Ronny Kerr, September 7, 2011 | Comments

Mobile advertising marketplace gets a big boost of confidence for global growth from angels

Mobile advertising marketplace Adfonic announced Wednesday that it has raised $7.5 million in funding from its existing investors, with telecom entrepreneur and investor Gordon Shields leading the round.Connecting a wide variety of advertisers and publishers on its mobile ad network, Adfonic says it has seen revenues bloom tenfold in the last year. Its network of sites and apps numbers over ...

What you need to know - 09/07/11

by Ronny Kerr, September 7, 2011 | Comments

Carol Bartz ousted as Yahoo! CEO; Sprint files suit against AT&T; Dell partners with Baidu

Global mobile advertising marketplace Adfonic raised an additional $7.5 million in funding from existing investors, with Gordon Shields being one of the major backers in this round. AppFirst, an SaaS-based provider of an application problem resolution system, raised a $4 million Series A funding round led by Javelin Venture Partners, with participation from original backers FirstMark Capital and First Round ...

Yahoo jumps after Bartz ousted by phone

by Ronny Kerr, September 7, 2011 | Comments

CFO Timothy Morse named interim CEO with help of new Executive Leadership Council

Surprise, surprise: another Yahoo! CEO bites the dust.Yahoo!, which has continually struggled to define its place in today’s new Web, announced Tuesday evening that Carol Bartz has been stripped of her position as CEO of the company, ending her two-and-a-half year tenure. The foul-mouthed CEO told staffers she was fired by phone. On the news, shares jumped 6% in after-hours ...

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