What you need to know - 02/08/11

Ronny Kerr · February 8, 2011 · Short URL: https://vator.tv/n/16d1

Users spend more time on Facebook than any other website; Groupon grew 712 percent year-over-year

Last year was huge for the Facebook, which by August 2010 had surpassed two of the biggest Web properties, Google sites and Yahoo sites, in terms of share of time spent online by users.

Facebook confirmed Monday that real-time commenting across the site has been live for about two weeks now.

Firefox 4 has been delayed again, but Mozilla plans to release Firefox 5, 6 and 7 all in 2011 to combt the rise of walled gardens in the Web world, like Apple's iOS.

 

 

 

 

Freespee AB, provider of call tracking and pay-per-call solutions, closed a 1.1 million euros second round of venture capital financing.

GoingOn, a community platform for education, has raised a round of equity funding, according to an SEC filing.

Groupon’s website drew 10.7 million unique visitors in December 2010, an increase of 712% from 2009.

 

iFoster's network of members (families and agencies) now represent more than 150,000 foster children served.

 

ipadio, a provider of audio for businesses, secured a a £1m investment.

 

Online radio service Last.fm will begin charging users to stream music to their mobile devices and home entertainment devices. The changes go in effect February 15.

Meraki, a cloud-based wireless networking company, raised $15 million in Series C funding led by Sequoia Capital.

 

Today's featured entrepreneur is Vikrant Mathur, CEO and founder of ifood.tv.

 

After failing to perk up its revenues and earnings last year, Yahoo is said to be turning its eye on the mobile personalized news space.

Zoosk.com, a social dating community, today announced it has grown its annual sales run rate approximately 250% in one year to more than $90 million.

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Meraki

Startup/Business

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Meraki’s mission is to bring affordable Internet access to the next billion people. Meraki’s new approach to wireless networking empowers individuals and groups to bring access to local communities, anywhere in the world.

Meraki has focused on changing the economics of access since its beginning as a MIT Ph.D. research project that provided wireless access to graduate students.

Using their research, Meraki got its start at a low-income housing community in the US. News about Meraki’s products spread by word of mouth into over 25 countries around the world. Every day, new Meraki networks bring access to locations ranging from urban apartment complexes in London to villages in India.

Meraki's services work together seamlessly to create robust networks that are quick to deploy and easy to maintain.

Meraki is based in Mountain View, California, and is backed in part by Google and Sequoia Capital.

ifood.tv

Startup/Business

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ifood.tv is a place to make friends, chat about food, learn about cooking traditions and satisfy your culinary curiosity. Originally founded by a couple of foodies, we’ve now grown into a site with over 5 million unique visitors a month coming from 227 different countries! On ifood.tv, you can browse our vast collection of recipes videos, get helpful tips from blogs and how-to guides, find other users with similar culinary tastes, and  seek answers to your burning questions.

 

Last.fm

Startup/Business

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Last.fm is a social networking company which revolves around its music recommendation engine. Recommendations are made by comparing user data to the rest of the Last.fm user community. This community gives more potential to grow into media other than music. This is most likely a reason why media giant, CBS, acquired Last.fm for $280 million in May of 2007.Last.fm grew from very modest funding compared to its competitors Pandora, ilike, MyStrands and others.

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Vikrant Mathur

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