What you need to know - 02/02/11

Ronny Kerr · February 2, 2011 · Short URL: https://vator.tv/n/1694

AOL reports 26 percent drop in Q4 earnings; Path raises $8.7 million from Kleiner Perkins, Index

AOL reported its Q4 2010 earnings: Overall, revenues fell 26 percent from $806.7 million in Q4 2009 to $596 million in the last quarter.


Applifier, a cross-promotion network for social game developers on  the Facebook platform, raised $2 million in seed funding from MHS Capital, PROfounders Capital, Tekes, Lifeline Ventures, and  angel  investors  Jyri Engeström, David Gardner and Lars Stenfeldt Hans

DeNA, a global mobile and social games company, reported its third quarter net earnings jumped 250 percent higher YoY to $359 million.

Fab.com, the fabulous (previously fabulis) social network for gay men, launched a new daily deals offering, The Big Gay Deal of the Day--the first daily deals service designed exclusively for gay men.


Facebook marketing platform GraphEffect raised $2 million from LowerMyBills founder Matt Coffin, x+1 president Stephano Kim, and a few VC firms.

Instagram raised a $7 million Series A round from Benchmark Capital and high-profile investors including Jack Dorsey (Twitter founder) and Adam D'Angelo (co-founder of question-and-answer site Quora).

Mobestream Media, parent company and developer of smart phone shopping app Key Ring, closed $1.75 million in Series A funding from Austin Ventures.



Cross-platform media tracking service MediaMorph raised $2 million, bringing its total raised to $3.5 million.


Match.com, an operating business of IAC, acquired OkCupid, the U.S. online dating company, for $50 million in cash, plus potential future payments contingent upon performance.


Offermobi, a performance marketing network for mobile advertising campaigns in the U.S., raised $1 million in funding from New York-based ARC Angel Fund and some of its limited partners.

Path, the social network for close friends and family, closed an $8.65 million Series A round of financing led by Kleiner Perkins Caufield & Byers and Index Ventures,


SecondMarket completed over $400 million in transactions for private companies in 2010, but those trades account for less than 10 percent of all transactions on the site, which totals to about $5 billion. 

Today's Featured Entrepreneur is Jen O'Neal, co-founder and CEO of Tripping.

Video Chat Rounds, a video chat service on the Facebook platform, introduced Random Rounds, which connects random users together à la Chatroulette. 

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Tripping gives travelers a safe and easy way to connect with local people for tips, shared cups of coffee and even home stays.


We launched in January and already have thousands of members from 100+ countries. Our partners include Ivy League universities, study abroad programs, major rock bands and international volunteer organizations.


To learn more, visit https://www.tripping.com.



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SecondMarket is the marketplace for alternative investments. It has become the online destination for accessing market data, building your investor network and transacting in assets such as private company stock, structured products, public equity and bankruptcy claims. SecondMarket centralizes and simplifies secondary market activity by connecting buyers and sellers, and providing world-class market and operations expertise. Since 2004, SecondMarket has brought together more than 75,000 individuals and institutions and completed billions of dollars in alternative investment transactions. SecondMarket is a registered broker-dealer and member of FINRA, MSRB and SIPC. For more information, please visit www.SecondMarket.com.


Jen O'Neal

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Jen O'Neal is the Founder and CEO of Tripping.com. Under her leadership, Tripping.com has grown to offer 8 million rental properties in 150,000 destinations worldwide and is valued at over $115 million today.