Daily Deals Alternative LocBox Raises $5.1 Million in First Round

San Francisco-based LocBox, which is developing a way to help local businesses retain and attract new customers, has raised $5.1 million in a first round of funding. Investors in the round include InterWest Partners, Google Ventures and 500Startups, with additional investments from several angels. LocBox’s platform helps businesses run marketing campaigns across email, Facebook, Twitter, SMS and Yelp from one dashboard.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work