What you need to know - 03/10/11

Ronny Kerr · March 10, 2011 · Short URL: https://vator.tv/n/17ff

AOL plans to cut 20 percent of workforce; Foursquare completely overhauls merchant platform

AOL plans to cut 20 percent of its workforce, or more than 900 employees out of 5000 globally, as part of the company's plan to restructure and resuscitate itself.

 

Bandwidth.com, provider of Internet and VoIP services to small and medium sized businesses, raised about $20.5 million in funding.

Photo sharing site DailyBooth raised a $6 million Series A round of financing led by Ignition Partners, as well as continued participation from Sequoia Capital and a group of angel investors

On the heels of the launch of Foursquare 3.0, the location service’s merchant platform has been completely overhauled to give the 250,000 verified businesses on Foursquare more ways to hone their relationships with customers.

In an effort to clean up the world's cluttered contact list, WhitePages launched Hiya, an app that will leverage WhitePages' database of information on 200 million adults to fill in the gaps of missing information in users' contact lists, as well as merge duplicate contacts.

Marketing platform MediaMath raised $14 million in Series B funding.

 

 

Mobile learning games developer MindSnacks secured $1.2 million in a funding round led by Felicis Ventures, with 500 Startups (Dave McClure) and Mitch Kapor also participating.

 

NextSpace, provider of "coworking space" for full-time and part-time commuters, raised $425,000 in angel funding from a mix of investors. 

 

 

Rovio, creator of the Angry Birds entertainment franchise, raised a $42 million Series A round co-led by Accel Partners and Atomico Ventures, with participation from super angel fund Felicis Ventures.

SnagAJob.com, a community of hourly workers and provider of work management solutions, secured $27 million in Series C funding led by August Capital.

Stack Exchange, a Q&A network of sites formerly known as Stack Overflow, secured $12 million in a Series B round led by Index Ventures, with help from Spark Capital and Union Square Ventures. 

StartupDigest is now sponsored by the Kaufmann Foundation, which is providing the startup community service with $200,000 to help it scale operations.

Social discovery engine StumbleUpon secured a $17 million Series B round of funding from Accel Partners, August Capital, DAG Ventures, First Round Capital and Sherpalo Ventures. 

Today's featured entrepreneur is Tom Patterson, CEO and president ofWize.com.

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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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Wize.com

Startup/Business

Joined Vator on

Finding the product that's right for you is hard. Reading thousands of reviews and picking from hundreds of products is difficult and frustrating. It takes a lot of time to make sense of all this information and find the product that fits your needs. We built Wize.com to solve this problem.

Wize gathers millions of product reviews from websites like Amazon.com, Walmart.com, and CNET. Using our proprietary technology we figure out which products are the best for how people want to use them.

Looking for a Television for "Watching Movies?" Simply tell us what you're looking for, and we'll read through all the product reviews from the Web to help you find the best product.

Want more information about products before you buy? Learn more about a product by seeing all the information, pictures, pros and cons, reviews, ways to use it, and stores to buy it.

Not sure which product to choose from? Compare the products you like using our product comparison, and find the best product that's right for you.

WhitePages.com

Startup/Business

Joined Vator on

Founder and CEO Alex Algard talks about WhitePages.com.

NextSpace

Startup/Business

Joined Vator on

NextSpace is the workplace for the new economy, with locations in downtown Santa Cruz and downtown San Francisco.  They focus on bringing together entrepreneurs, freelancers, independent consultants, university resources, and investors into a collaborative, innovative community.  Nearly 250 people work out of NextSpace’s two locations, including freelancers, startup companies, and entrepreneurs.  These startups and freelancers run the gamut from social media companies like 12seconds.tv, iPhone app development companies like Streetview Labs, software companies like Intuvo, and a range of independent software engineers, designers, web developers, and other professionals.

 

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Tom Patterson

Joined Vator on

Tom is Founder of Heighten. Pres. at Nextag, CEO Wize, EIR at Mayfield , SVP Markettools, Board Dale Carnegie, weekly wisdom @ http://wizebits.com