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I was on This Week in VentureCapital (TWiVC) again this week with Jason Calacanis. Overture never built the destination site to monetize from. So when Google started pushing AdSense (ads for affiliate or 3rd party sites) they had a HUGE cost advantage. 2.6mm in Series A : Canaan , Anthem. Other Deals.
Two local venturecapital funds here in Southern California have backed Janrain , a developer of user management software tools used by websites to better manage registration and site visitors. Both DFJ Frontier and Anthem were early backers of Janrain. READ MORE>>.
To see the video of This Week in VC click on this link. What a pleasure that I got to spend an hour talking with both Om Malik (whom I’ve always respected his views) and Paul Jozefak , a venturecapital partner at Neuhaus Partners in Germany (and formerly the head of Europe for SAP Ventures). Total raised: $5.0mm.
Santa Monica-based venturecapital firm AnthemVentures is the lead investor in an avatar-focused, social networking site called Meez. Meez, which is based in San Francisco, said today that it has raised a financing round from Anthem. Amount and details of the funding were not disclosed.
This was really a fun week at TWiVC because we decided to have an entrepreneur come and talk about raising capital rather than having a VC come on. In particular I tried to do most of the “entrepreneur advice on VC” up front so that if you don’t want to watch our views on the deals you don’t have to. They sponsor TWiVC.
Santa MOnica-based BeachMint , the celebrity e-commerce site started by former MySpace founder Josh Berman and Diego Berdakin, said Friday afternoon that it has raised $23.5M The round was led by Scale Venture Partners and Lightbank. Lightbank is the venturecapital firm of Groupon founders Eric Lefkofsky and Brad Keywell.
San Diego-based TweetPhoto , an online site which allows users to share photos through Twitter, Facebook, LinkedIn, FourSquare, and other social networking sites, said today that it has raised $2.6M The round was led by Canaan Partners and also included AnthemVenture Partners and un-named angels. READ MORE>>.
Hollywood-based Cocodot , an online site which provides online invitations and stationery, has raised $2.0M The funding comes from AnthemVentures, the Mailroom Fund, and Rincon Venture Partners. Tags: cocodot ecommerce stationery shawn gold venturecapital. more in funding, according to reports.
Santa Monica-based ThisNext announced this morning that it has acquired fashion and beauty site Stylehive , and raised a Series C round of funding. ThisNext said the Series C funding round came from Clearstone Venture Partners, AnthemVenture Partners, and Lightspeed Venture Partners. READ MORE>>.
Santa Monica-based ThisNext , which operates an online social shopping site and community, has raised another $1.2M in venture funding, according to a regulatory filing from the firm Thursday. Tags: thisnext social shopping venturecapital. The funding brings the company's total raised to around $9.7M in funding.
Los Angeles-based AdventureLink , the new adventure travel booking site run by Kelly Tompkins, announced this morning that it has acquired a competitor, Adventure Central. According to AdventureLink, the all-stock deal also included a new investment from Allegis Capital. Financial terms of the acquisition were not disclosed.
Jason Calacanis , CEO of Santa Monica-based Internet search site Mahalo , has signed on several angels for his new angel group, the Open Angel Forum - Los Angeles. Coffin is the founder of LowerMyBills, Dayton is the founder of Earthlink, and Woodward is a venture capitalist at AnthemVenture Partners.
The firm has previously received funding from AnthemVentures, Mailroom Fund, and Rincon Venture Partners. Representatives from both Anthem and Rincon continue to serve on the firm's board of directors. Robert Schwartz, of Third Point Ventures in New York, is also now listed as a board member of the firm.
Many local entrepreneurs might know Todd Jerry , formerly a venture capitalist at AnthemVenture Partners. Todd has a unique view, having worked both on the venture and high technology investing side at Anthem, as well as the architecture and construction industry now. For me, it was a couple of things.
Los Angeles-based Buzznet , which operates a network of web sites focused on celebrities and pop culture, announced this morning that it has raised $12.5M According to the company, the funding round was led by Focus Ventures, and also included AnthemVentures, New Enterprise Associates, Redpoint Ventures, and Sutter Hill Ventures.
The round came from AnthemVenture Partners and the Mail Room Fund. Why did you decide to startup up another travel site? Kelly Tompkins: Yes, in 1998, there was Away.com, iExplore, and there was significant venturecapital thrown at that segment. Thanks for the interview. What's the new company all about?
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