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Report: Veoh Files For Bankruptcy

socalTECH

San Diego- and Los Angeles-based video sharing site veoh Networks has filed for Chapter 7 bankruptcy, according to web site Mashable. Veoh had raised over $67.5M in funding from such firms as Goldman Sachs, Intel Capital, Shelter Capital Partners, Spark Capital, The Tornante Company, and Time Warner.

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Veoh Claims Win Over Universal Music

socalTECH

Los Angeles- and San Diego-based video sharing site Veoh is claiming a major win today over Universal Music group, saying that a federal judge has thrown out a copyright infringement lawsuit against the firm. Veoh had been sued over user videos using music from the label in September of 2007. READ MORE>>.

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Koji Connects With $20M More

socalTECH

The funding was led by Jump Capital, plus new investors HBSE Ventures, Electric Feel Ventures, Visary Capital, Metaversal, and University Growth Ventures, along with Galaxy Interactive and BITKRAFT, and and a number of angels, including Shivakumar Rajaraman, Michael Eisner, and Francis Ma.

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Report: Veoh Planning Major Layoffs

socalTECH

San Diego- and Los Angeles-based online video site Veoh is reportedly in the midst of a "major restructuring," according to a report from VentureBeat. An email to Dmitry Shapiro, CEO of Veoh, this morning, asking for comments on the rumor was not returned. Veoh laid off 20 percent of its employees in November.

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Get to Know Richard de Silva of Highland Capital

Both Sides of the Table

He was introduced through mutual friends to Highland Capital. At the time consumer internet venture capital was still suffering from the collapse of the Tech Bubble. But it was an attractive time to enter because the successful internet companies were scaling and in need of capital. Why do you think Veoh didn’t succeed? (40:30

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Anybeat Rolls Out Chat Roulette Feature

socalTECH

Taking a chapter out of the popularity of sites like Chatroulette in connecting up strangers with one another, Los Angeles-based Anybeat , the alternative social networking site run by Dmitri Shapiro, said Friday that it has rolled out a new feature called "Interest Roulette".

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Report: Dmitry Shapiro To Head Up Google Plus

socalTECH

A report today says that Dmitry Shapiro , the former founder of Veoh and head of MySpace Music, and currently founder of alternative social networking site Anybeat , may be heading to Google to head up its Google+ efforts. The report , from PandoDaily, cited a single source for the information. READ MORE>>.

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