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Verizon partners with Jennifer Lopez-backed...

Viva Movil will cater to the Latino community, with its own stores that have an bilingual staff

by Steven Loeb - May 22, 2013
Technology trends and news

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Event marketplace UpOut raises $850K seed round

by Faith Merino, May 22, 2013 | Comments

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The service helps users find and organize events

One of the more interesting developments that’s come out of social media in recent months is the rise of local discovery via event meetups. Sites like the aptly named Meetup allow users to organize, host, and attend events ranging from play groups and book clubs to raw food cooking classes and the like. A new social local discovery service, UpOut, ...

Here is a preview of AngelPad's Demo Day

by Steven Loeb, May 22, 2013 | Comments

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We highlight four of the 12 companies that will be presenting for angels and investors on Wednesday

AngelPad, a mentorship program founded by ex-Googler Thomas Korte, is set to host its sixth ever Demo Day on Wednesday. After receiving a few thousand applications, and interviewing 120 companies, it has come down to 12 startups whp will be presenting their companies to angels and investors, in the hopes of attracting a seed round of funding. I got to stop by the AngelPad ...

Why you should be angry with Apple's tax shenanigans

by Faith Merino, May 21, 2013 | Comments

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Tim Cook's corporate tax proposal: "Not zero."

Tim Cook took to Capitol Hill Tuesday to defend Apple’s complex matrix of tax dodging trickery. Several times throughout the hearing, he was asked what kind of corporate tax rate we should have in the U.S. to keep large, multi-billion dollar companies like Apple from shunting their money overseas. Each time the question came up, Cook artfully avoided giving a ...

Postmaster raises $600K to simplify eCommerce shipping

by Faith Merino, May 21, 2013 | Comments

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The TechStars Cloud graduate gets support from Capital Factory, Cloud Power, and Zelkova Ventures

E-commerce growth continues to dominate brick-and-mortar retail growth. While online retail still only accounts for less than 10% of all retail dollars spent in the U.S., it’s gobbling up more and more of those retail dollars every year. Last quarter, e-commerce sales grew 13% year-over-year to $50.2 billion, making it the second consecutive quarter to pass the $50 billion mark, ...

Wanderful Media gets $9M to expand local ad service

by Bambi Francisco Roizen, May 21, 2013 | Comments

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12 powerful media publishers re-invest to get circular dollars online

Wandeful Media, which is helping newspapers make next-generation circulars, announced Tuesday morning that it's raised $9 million in a new round of financing from its existing newspaper publisher backers. Its 12 backers include Advance Digital, A. H. Belo Corporation, Community Newspaper Holdings Inc., Cox Media Group, The E. W. Scripps Company, Gannett Co. Inc., GateHouse MediaInc., Hearst Corporation, Lee Enterprises, MediaNews Group, The ...

GrubHub and Seamless combine to create super company

by Faith Merino, May 20, 2013 | Comments

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The companies join forces to create one large food ordering service

Lazy bums everywhere: rejoice, for your days of strife are over. No more will you have to suffer through the irritation of not being able to find your fave Chinese place on GrubHub, thereby forcing you to check Seamless, or Delivery Hero, or vice versa. Today is the dawning of a new era. Behold: the super mega takeout ordering service! ...

It's official: Yahoo is buying Tumblr for $1.1 billion

by Steven Loeb, May 20, 2013 | Comments

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Tumblr to remain independent, Yahoo promises "not to screw it up"

Well, that was fast! After it was first reported at the end of last week that Yahoo was interested in buying up microblogging and social media platform Tumblr for around a billion dollars, the company held a meeting on Sunday to approve the deal, and now its done. Yahoo has reached a definitive agreement to buy Tumblr for $1.1 billion in cash, it was ...

Google accused of breaking antitrust law in Canada

by Steven Loeb, May 18, 2013 | Comments

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Google has also been investigated by the EU, the United States and South Korea before

(Updated to reflect comment from the Canadian Competition Bureau and Google) Google has found itself in a familiar situation: being accused by a federal agency of violating antitrust laws, this time in Canada. Canada's Competition Bureau recently notified Google of its intentions to investigate the company's business practices in Canada, it was reported by the Financial Post on Friday. Google has been ...

Yahoo to hold special event in NYC on Monday

by Steven Loeb, May 18, 2013 | Comments

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Details are sketchy, but could the company be announcing the acquisition of either Hulu or Tumblr?

Yahoo has been in the news a lot lately with its reported interest in acquiring both two big Internet properties: Hulu and Tumblr. Now news has come out that the company is holding a "product-related" special event on Monday. — CNBC (@CNBC) May 17, 2013 "Product-related" would seem to be a pretty broad term, and one that could mean basically ...

Funding roundup - week ending 05/17/13

by Steven Loeb, May 17, 2013 | Comments

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Skift, Marqeta, Jelly, CrowdOptic, Luvocracy, EdgeSpring, Pebble, BitPay, BonitaSoft, AirWatch

Seed stage Travel news startup Skift raised an additional $1.1 million seed round. The new funding was led by Lerer Ventures and included Ironfire Angel, MESA+, Advancit Capital, Growlab/LX Ventures, who invested together. New angels investing in this round include Jason Calacanis, Michael Cunniff, Duncan Jennings, Sean Keener, Shakil Khan, Martin Nisenholtz, Paul Noglows, and Michael Yavonditte. OwnerListens, which helps online businesses prevent negative reviews, raised a $1.1 million seed round from Promus Ventures, Menlo Ventures, Commerce ...

Yahoo is buying all the things! Maybe even Tumblr...

by Faith Merino, May 17, 2013 | Comments

	Rumors abound, but can Yahoo afford the hefty price tag? I kind of love Yahoo’s whole turn-around strategy, which can best be summed up as: BUY ALL THE THINGS!!!1! Just days after Yahoo was said to be considering a bid at the hot Internet TV service Hulu, rumor now has it that Yahoo is actually/also in “serious” take-over talks with the top execs of none other than Tumblr. CEO Marissa ...
	Read more »

A list of top LA accelerators and incubators

by Steven Loeb, May 17, 2013 | Comments

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Amplify, Launchpad, MuckerLab, Idealab and Science among those churning out new startups

As I have noted before, the tech scene in Los Angeles is on the rise. Part of that has to do with the categories that L.A. specializes in gaining traction, including digital media, gaming and e-commerce. There is also L.A.'s university scene, including UCLA, USC, UC Irvine, Caltech, UC Santa Barbara, Pepperdine and Loyola Marymount, which are also contributing, helping to produce more ...

Marqeta raises $14M to overhaul gift cards and rewards

by Faith Merino, May 16, 2013 | Comments

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The platform powers the Facebook Card and allows users to store multiple balances

Online-to-offline payments and loyalty programs are becoming an increasingly hot space. Back in January, Facebook unveiled its very own Facebook Card, a reloadable gift card of sorts that can store multiple balances and makes it easier for consumers to send friends “gift cards” via Facebook. Now, it turns out that the Facebook Card is powered by Marqeta’s +M platform. Marqeta ...

Biz Stone's Jelly raises money from big name investors

by Steven Loeb, May 16, 2013 | Comments

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Al Gore, Bono, Jack Dorsey, Reid Hoffman and Evan Williams all contributed

Twitter co-founder Biz Stone has been remarkably cagey about what his new startup, called Jelly, is all about. But that has not stopped him from raising money from a pretty remarkable roster of investors. The company raised an undisclosed amount of money in a round led by Spark Capital with additional investment by SV Angel, it was revealed in a blog ...

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