What you need to know - 02/11/11

Ronny Kerr · February 11, 2011 · Short URL: https://vator.tv/n/16f5

Google CEO Eric Schimdt says we're in a bubble; Groupon China launches

Facebook's new Photo Viewer, which will be rolling out to everyone over the next several weeks, angered some professional photographers for letting users disable the "Download in High Resolution" feature.

Google (soon to be former) CEO Eric Schmidt thinks we're in trouble: "There are clear signs of a bubble ... But valuations are what they are. People believe that these companies will achieve huge sales in the future."

Groupon is finally opening its first Groupon China office with 120 employees to start with, but has plans to expand its headcount to 1,000 in the next three months. 

 

Groupon is adding Starbucks CEO Howard Schultz to its board of directors. Additionally, Schultz' VC firm Maveron has bought an undisclosed amount of Groupon stock from existing investors.

 

Group dating site Ignighter raised $3 million in Series A funding from a group of investors that includes Point Judith Capital, GSA Venture Partners, Founder Collective, GTI Capital Group, Hugo Enterprises, Rajan Anandan, David Cohen, Dave Tisch, Kal Vepuri, Peter Lehrman, Nihal Mehta and other angels.

Mobile Baby, which just launched, is a new service that allows parents-to-be to send and receive ultrasound scans via text messaging and email on their mobile phones.

 

One Kings Lane, co-founded by Zynga CEO Mark Pincus’wife Alison Pincus, raised $23 million in second round funding led by Greylock Partners and Kleiner Perkins Caufield & Byers.

Siine, developer of software to communicate using touchscreen phones and tablets, received £550,000 in seed funding from Atomico, the venture capital firm founded by Skype co-founder Niklas Zennström.

 

Online radio service Slacker raised $3 million in debt funding.

 

 

SwipeGood, a for-profit business that enables people to donate to charity with every purchase, has raised $500,000 in new funding from a group of angels that includes Bebo co-founder Michael Birch and Y Combinator.

Today's featured entrepreneur is Bryan McClain, CEO and co-founder of Metric Lab.

Start Fund for all Y Combinator companies, led by Yuri Milner (DST) and Ron Conway (SV Angel), raised $6.5 million first round.

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Ronny Kerr

I am a professional writer with a decade of experience in the technology industry. At VatorNews, I cover the zero-waste economy, venture capital, and cannabis. I'm also available for freelance hire.

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