What you need to know - 06/15/11

Pandora raises $234.9 million out the gate; Airbnb clone Wimdu raises $90 million

AOK (Acts and Observations of Kindness) is a pretty simple points-based game in which users perform and observe acts of kindness in whatever form (the app categorizes acts and observations according to whether they were for a person, an animal, or the environment) and earn points that translate directly into Cause Currency—real money that can be donated to the cause of the moment.

 Cotendo, provider of cloud-based acceleration technologies, completed a $17 million private funding round.

A few state representatives, including David Schweikert (R-AZ) and Jim Himes (D-CT), are drafting a bill to present to Congress that could change IPO plans for a lot of booming tech startups, including Facebook.

Pandora started trading publicly Tuesday night, raising $234.9 million after pricing shares at $16 a share—nearly double the original share price.

RockMelt has entered into a partnership with Facebook to create a deeply integrated social browser.

Streetline, a mobile app for parking, raised $15 million in an oversubscribed round of Series B funding co-led by Fontinalis Partners and RockPort Capital Partners, with help from existing investor Sutter Hill Ventures.

 Tintri, producer of VM-aware storage appliances, closed an $18 million Series C funding round led by the company's current investors, NEA and Lightspeed Venture Partners.

Six in 10 global Twitter users said they wanted businesses to respond to their questions on Twitter, even when those questions weren’t directly targeted at a specific brand.

Rocket Internet and Kinnevik have invested $90 million in Wimdu, an Airbnb clone.