Indiegogo May Allow Successful Projects To Continue Getting Funding

Thursday, September 18th, 2014
Crowdfunding has become a popular way for many startups to get some necessary funding for their projects. It is another option available if entrepreneurs cannot accumulate the needed funds from venture capitalists. Through crowdfunding, many startups can have direct line to people interested in their proposed projects. Websites such as Kickstarter and Indiegogo have made crowdfunding even more popular online. When

Facebook Co-Founder Renounced US Citizenship to Dodge Taxes

Tuesday, May 15th, 2012
Eduardo Saverin, a co-founder of Facebook, has renounced his US citizen last year reportedly to avoid paying the hefty tax he will have to pay once the social networking site opens its initial public offering this week. Saverin, 30 and currently living in Singapore, holds a 2% stake in the company, which would put his net worth at around $2 billion after the IPO. Saverin’s “unfriending” of United

GazProm Media Acquires RuTube

Wednesday, November 19th, 2008
Apparently, video sharing sites can sell at a nice price where ever you are.  Russian media giant GazProm has just completed their acquisition of the RuTube, a russian video site aspiring to be YouTube. Don’t fret, Youtube is still number one in Russia.  RuTube on the other hand is seeing some significant growth in its local market.  this growth of course attracted GazProm to acquire them fo

Tesla Motors Get $40 Million Cash Infusion

Monday, November 3rd, 2008
Silicon Valley Based electric car maker Tesla Motors Inc. is like any other web startup that’s going through some tough times during the economic slowdown in the country.  They are burning up a lot of cash fast and according to reports have only $9 million left in the bank. CEO and co-founder Elon Musk was recently reinstated in light of the former CEO’s failure to raise $100 million venture capit

Fitbit Raises $2 Million from True Ventures and SoftTech VC

Friday, October 10th, 2008
As the stock market plummets and the shares slide down and venture capitalists buckle down and cut costs, Fitbit managed to close is first round of funding. Fitbit unveiled its only product during the TechCrunch50 conference last month and dazzled judges.  Fitbit makes a gadget also called Fitbit that basically tracks how many calories a user has burned.  Although the idea is not new, Fitbit differentia

Giga Omni Completes $4.5 Million Round

Monday, October 6th, 2008
Om Malik, founder of Giga Omni Media announced earlier today their completion of another venture capital round worth $4.5 million.   Giga Omni Media is the online media company Malik started with his GigaOm technology blog 27 months ago. The new venture capital round was led by Alloy Ventures, an early-stage venture capital firm with over $1 billion under management.  Also participating in the round

Digg Raises $28.7 Million in Venture Capital

Wednesday, September 24th, 2008
Venture Capital Raising for privately held internet companies is always an exciting and inspiring activity.  Having investors infuse cash into a business for its development shows everybody, not only the company that the internet business is serious money and profits can be made with even the simplest ideas. Social news site Digg has been around long enough and is already a major player in the Web 2.0 enviro

Cisco Acquires Email and Calendar Software-Maker PostPath

Wednesday, August 27th, 2008
Cisco Systems announced yesterday that it has finalized the deal to acquire e-mail and calendar software-maker PostPath for $215 million. PostPath is a software maker specializing in e-mail and calendars. They have an Ajax client that runs a Linux-based e-mail system in the browser. PostPath also runs on mobile platforms including the iPhone. To give you an idea of what it really is, think Zimbra (which was acq

Friendster Gets $20 Million and a New CEO

Tuesday, August 5th, 2008
Friendster gets new funding to the sound of $20 million and a new CEO from Google. Looks like Friendster is on a roll today.  They just announced that they’ve completed a Venture round with IDG Ventures, Kleiner Perkions, Benchmark Capital DAG Ventures and Founders Fund, pumping in $20 million.  Moreover, they hired an ex-Googler to be their CEO, Richard Kimber, former regional managing director fo

YouTube Acquires Omnisio

Friday, August 1st, 2008
  Omnisio is an impressive Web2.0 product that lets its users make videos more interactive.  It used to be incubated at Y Combinator and recently launched to the public in March.  Today, 4 months after launching, they’ve been scooped up by every video site’s dream, Google-backed Youtube for a rumored price of $15 million in cold hard cash. Youtube is still the web’s largest reposito