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	<title>AllThingsD &#187; Baseline Ventures</title>
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		  <title>All Things Digital</title>
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		<title>TasteMakerX Raises $1.8M for Mobile Social App Platform</title>
		<link>http://allthingsd.com/20120208/tastemakerx-raises-1-8m-for-mobile-social-app-platform/</link>
		<comments>http://allthingsd.com/20120208/tastemakerx-raises-1-8m-for-mobile-social-app-platform/#comments</comments>
		<pubDate>Wed, 08 Feb 2012 11:00:32 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[angel]]></category>
		<category><![CDATA[app]]></category>
		<category><![CDATA[Baseline Ventures]]></category>
		<category><![CDATA[beta]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[firm]]></category>
		<category><![CDATA[funding]]></category>
		<category><![CDATA[graph]]></category>
		<category><![CDATA[Guggenheim Partners]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[platform]]></category>
		<category><![CDATA[San Francisco]]></category>
		<category><![CDATA[TastemakerX]]></category>
		<category><![CDATA[Tekton Ventures]]></category>
		<category><![CDATA[True Ventures]]></category>
		<category><![CDATA[venture]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=172405</guid>
		<description><![CDATA[TastemakerX, a San Francisco start-up that is developing a social mobile platform focused on "targeted taste graphs," said it had raised $1.8 million in funding from a variety of venture firms, including Guggenheim Partners, Baseline Ventures, True Ventures and Tekton Ventures, as well as angel investors. The company said it will release its TastemakerX Music mobile app as a private beta in early March 2012.]]></description>
			<content:encoded><![CDATA[<p>TastemakerX, a San Francisco start-up that is developing a social mobile platform focused on &#8220;targeted taste graphs,&#8221; said it had raised $1.8 million in funding from a variety of venture firms, including Guggenheim Partners, Baseline Ventures, True Ventures and Tekton Ventures, as well as angel investors. The company said it will release its TastemakerX Music mobile app as a private beta in early March.</p>
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		<title>No Longer a One-Man Shop, Read It Later Raises $2.5M</title>
		<link>http://allthingsd.com/20110726/no-longer-a-one-man-shop-read-it-later-raises-2-5m/</link>
		<comments>http://allthingsd.com/20110726/no-longer-a-one-man-shop-read-it-later-raises-2-5m/#comments</comments>
		<pubDate>Tue, 26 Jul 2011 19:00:32 +0000</pubDate>
		<dc:creator>Liz Gannes</dc:creator>
				<category><![CDATA[Media]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Baseline Ventures]]></category>
		<category><![CDATA[Foundation Capital]]></category>
		<category><![CDATA[Founders Collective]]></category>
		<category><![CDATA[Google Ventures]]></category>
		<category><![CDATA[Instapaper]]></category>
		<category><![CDATA[iOS 5]]></category>
		<category><![CDATA[Nate Weiner]]></category>
		<category><![CDATA[Read It Later]]></category>
		<category><![CDATA[Rockmelt]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=102757</guid>
		<description><![CDATA[The informatively named content-saving start-up Read It Later, which for most of its four years has been a one-man labor of love and ramen, has raised Series A funding of $2.5 million from Foundation Capital, Baseline Ventures, Google Ventures, Founders Collective and various angels.]]></description>
			<content:encoded><![CDATA[<p>The informatively named content-saving start-up <a href="http://readitlaterlist.com/">Read It Later</a>, which for most of its four years has been a one-man labor of love and ramen, has raised Series A funding of $2.5 million from Foundation Capital, Baseline Ventures, Google Ventures, Founders Collective and various angels.</p>
<p><a href="http://allthingsd.com/files/2011/07/Nikki-and-Nate-FILM-010.png"><img class="alignright size-medium wp-image-102789" title="Nikki and Nate FILM-010" src="http://allthingsd.com/files/2011/07/Nikki-and-Nate-FILM-010-285x285.png" alt="" width="200" height="200" /></a>Read It Later, which helps users save and sync articles and other material across multiple devices for consumption when they have time, raised the funding in the face of increasing competition from Apple&#8217;s upcoming <a href="http://www.apple.com/ios/ios5/features.html">iOS 5</a> &#8220;<a href="http://allthingsd.com/20110606/wwdc-2011-live-blog/">Reading List</a>,&#8221; <a href="http://www.rockmelt.com/">RockMelt</a> and long-time rival <a href="http://www.instapaper.com/u">Instapaper</a>.</p>
<p>Founder Nate Weiner said that&#8217;s why he raised the funding: after he received acquisition interest from three companies earlier this year, he realized he wants bigger and better things for Read It Later than just being a feature of other people&#8217;s products.</p>
<p>&#8220;Any of the products that launched this year that are very similar to us tried to pick me up to help them launch that, but nobody had the same vision that I did,&#8221; he said.</p>
<p>Read It Later is about &#8220;truly ubiquitous content-shifting,&#8221; Weiner said. &#8220;The future isn&#8217;t one consolidated device; it&#8217;s screens everywhere.&#8221;</p>
<p>And even though his start-up may be small &#8212; it now has five employees and 3.5 million registered users &#8212; it is available in more ways than any of the competition. Read It Later has official apps on the iPhone, iPad, Android, Firefox and Web, plus many more apps created with its API and <a href="http://readitlaterlist.com/apps/">250 more apps with Read It Later integrations</a> including the official Twitter apps. The company currently makes money with optional paid versions but will likely offer subscriptions instead, according to Weiner.</p>
<p><img class="size-full wp-image-102779 alignleft" title="ReadItLater" src="http://allthingsd.com/files/2011/07/ReadItLater.png" alt="" width="309" height="266" /></p>
<p>Weiner said that less than one percent of current Read It Later users use the tool to save articles with Safari only, which is the sole functionality Apple will offer in iOS 5. He&#8217;s betting that multi-platform and multi-screen content reading and watching is a big opportunity.</p>
<p>On that note, YouTube is already the No. 1 most-saved domain in Read It Later, Weiner said.</p>
<p>Meanwhile, Instapaper, which is iOS only, has more of a focus on content discovery and offline access, Weiner argued. Versus thought leader Marco Arment, the man behind Instapaper, &#8220;We&#8217;re the quiet giant,&#8221; Weiner said. &#8220;We&#8217;re twice as large.&#8221;</p>
<p>The new funding will be used to pay for hires, Weiner said. He&#8217;s also rented the company&#8217;s first office in downtown San Francisco. &#8220;This is the cheapest business in the entire universe, just saving links,&#8221; Weiner said. &#8220;The office rent is more than our server cost.&#8221;</p>
<p>It&#8217;s a big change, Weiner added, from Read It Later&#8217;s first office &#8212; his Minneapolis bedroom, where he had to take the door off the closet in order to fit a desk.</p>
<p><em>Photo of Nate Weiner courtesy <a href="http://emilysteffen.com/">Emily Steffen</a>. </em></p>
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		<title>Instagram Raises $7M Led by Benchmark</title>
		<link>http://allthingsd.com/20110202/instagram-raises-7m-led-by-benchmark/</link>
		<comments>http://allthingsd.com/20110202/instagram-raises-7m-led-by-benchmark/#comments</comments>
		<pubDate>Wed, 02 Feb 2011 17:08:22 +0000</pubDate>
		<dc:creator>Liz Gannes</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[Adam D'Angelo]]></category>
		<category><![CDATA[Baseline Ventures]]></category>
		<category><![CDATA[Benchmark Capital]]></category>
		<category><![CDATA[Chris Sacca]]></category>
		<category><![CDATA[Instagram]]></category>
		<category><![CDATA[Jack Dorsey]]></category>
		<category><![CDATA[Liz Gannes]]></category>
		<category><![CDATA[Lowercase Capital]]></category>
		<category><![CDATA[Matt Cohler]]></category>
		<category><![CDATA[NetworkEffect]]></category>
		<category><![CDATA[Path]]></category>
		<category><![CDATA[picplz]]></category>
		<category><![CDATA[Quora]]></category>
		<category><![CDATA[Square]]></category>
		<category><![CDATA[Steve Anderson]]></category>

		<guid isPermaLink="false">http://networkeffect.allthingsd.com/?p=3160</guid>
		<description><![CDATA[The photo-sharing community Instagram this morning announced it has closed $7 million in a first-round funding led by Benchmark Capital's Matt Cohler.]]></description>
			<content:encoded><![CDATA[<p>The photo-sharing start-up <a href="http://instagr.am/">Instagram</a> this morning <a href="http://instagr.am/blog/39/instagram-funding-benchmark">announced</a> it has closed a $7 million first-round funding led by Benchmark Capital&#8217;s Matt Cohler and including Quora founder Adam D&#8217;Angelo, Twitter and Square founder Jack Dorsey, and angel investors Chris Sacca of Lowercase Capital and Steve Anderson of Baseline Ventures.</p>
<p><img src="http://networkeffect.allthingsd.com/files/2011/02/Instagram-161x300.png" alt="" title="Instagram" width="161" height="300" class="alignright size-medium wp-image-3165" />Instagram, which is available only for the iPhone, has grown quickly from its launch in October, and now has 1.75 million users and 290,000 photos posted per day. The company thinks of itself as a sort of personal digital magazine, and will likely monetize through sponsored accounts and advertising from brands that fold in with its community&#8217;s stream of pictures.</p>
<p>Instagram co-founder and CEO Kevin Systrom was a former Google and Nextstop product manager who also interned at Twitter predecessor Odeo. His San Francisco-based company has a team of just four people.</p>
<p>Instagram is in a class of peers who seized on similar concepts (smartphone-enabled media-sharing communities) at similar times. Picplz was <a href="http://mediamemo.allthingsd.com/20101110/no-its-not-instagram-photo-sharing-app-picplz-raises-5-million/">first to take its Series A</a>, with $5 million led by Andreessen Horowitz (there was some drama because that firm had also invested in Instagram early on). Path yesterday <a href="http://networkeffect.allthingsd.com/20110201/path-raises-8-65m-from-kleiner-index/">raised $8.65 million</a> led by Kleiner Perkins and Index Ventures. Now for the hard part: Building real companies.</p>
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		<title>DocVerse&#8211;Now Google Cloud Connect&#8211;Head Shan Sinha Talks About Web-Based Biz Apps</title>
		<link>http://allthingsd.com/20110114/docverse-now-google-cloud-connect-head-shan-sinha-talks-about-biz-apps/</link>
		<comments>http://allthingsd.com/20110114/docverse-now-google-cloud-connect-head-shan-sinha-talks-about-biz-apps/#comments</comments>
		<pubDate>Sat, 15 Jan 2011 00:00:22 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[acquisition]]></category>
		<category><![CDATA[Alex DeNeui]]></category>
		<category><![CDATA[application]]></category>
		<category><![CDATA[Baseline Ventures]]></category>
		<category><![CDATA[BoomTown]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[cloud computing]]></category>
		<category><![CDATA[collaborate]]></category>
		<category><![CDATA[collaboration]]></category>
		<category><![CDATA[digital]]></category>
		<category><![CDATA[documents]]></category>
		<category><![CDATA[DocVerse]]></category>
		<category><![CDATA[entrepreneur]]></category>
		<category><![CDATA[Excel]]></category>
		<category><![CDATA[funding]]></category>
		<category><![CDATA[Gmail]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Google Calendar]]></category>
		<category><![CDATA[Google Cloud Connect]]></category>
		<category><![CDATA[Google Docs]]></category>
		<category><![CDATA[Google Sites]]></category>
		<category><![CDATA[Google Video]]></category>
		<category><![CDATA[Googleplex]]></category>
		<category><![CDATA[group-editing]]></category>
		<category><![CDATA[Harrison Metal]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[interview]]></category>
		<category><![CDATA[Kara Swisher]]></category>
		<category><![CDATA[mashup]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[Naval Ravikant]]></category>
		<category><![CDATA[Office]]></category>
		<category><![CDATA[PowerPoint]]></category>
		<category><![CDATA[preview]]></category>
		<category><![CDATA[product]]></category>
		<category><![CDATA[productivity]]></category>
		<category><![CDATA[program]]></category>
		<category><![CDATA[real-time]]></category>
		<category><![CDATA[request]]></category>
		<category><![CDATA[search]]></category>
		<category><![CDATA[Shan Sinha]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[software]]></category>
		<category><![CDATA[tester]]></category>
		<category><![CDATA[venture]]></category>
		<category><![CDATA[video]]></category>
		<category><![CDATA[word]]></category>

		<guid isPermaLink="false">http://kara.allthingsd.com/?p=39519</guid>
		<description><![CDATA[Shan Sinha headed the start-up DocVerse, which was acquired by Google in March for a reported $25 million to $30 million.

Since then, he's has been ferreting away on scaling up DocVerse's product, which allows users of Microsoft Office documents to collaborate in real time on the Web, for the search giant.

Its new name: Google Cloud Connect.]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/files/2011/01/1203895588699.jpeg"><img src="http://kara.allthingsd.com/files/2011/01/1203895588699-275x206.jpg" alt="" title="1203895588699" width="275" height="206" class="alignright size-medium wp-image-39535" /></a></p>
<p>Earlier this week, I motored the Mini down to the Googleplex in Silicon Valley to visit with entrepreneur Shan Sinha.</p>
<p>He headed the start-up DocVerse, which was <a href="http://kara.allthingsd.com/20100305/google-acquires-docverse-in-office-face-off-with-microsoft/">acquired by the search giant in March</a> for a reported $25 million to $30 million.</p>
<p>Since then, Sinha has been ferreting away on scaling up DocVerse&#8217;s product, which allows users of Microsoft Office documents to collaborate in real-time on the Web.</p>
<p>Its new name: Google Cloud Connect.</p>
<p>About 4,000 companies quickly signed up to be early testers in the preview program, and Google said it had thousands of requests to be notified when it becomes available, which will be in a few weeks.</p>
<p>DocVerse was founded in 2008 by Sinha and Alex DeNeui, who both used to work at Microsoft. It raised only $1.3 million in venture funding from Baseline Ventures, Harrison Metal and Naval Ravikant.</p>
<p>Google&#8217;s acquisition of it was yet another shot across Microsoft&#8217;s software bow, along with a range of mashups of cloud computing and productivity applications.</p>
<p>For example, Google has been pushing its own cloud-based Google Docs to compete against the Office juggernaut.</p>
<p>For its part, Microsoft has committed itself to moving its hugely popular productivity suite&#8211;which includes Word, PowerPoint and Excel&#8211;into the cloud, in order to protect its software hegemony.</p>
<p>Why? Simultaneous group-editing and collaboration online is the future of Office.</p>
<p>Clearly, the race for productivity applications is in the cloud.</p>
<p>So&#8211;along with Cloud Connect &#8211;Sinha has been put in charge of deploying a $50 a person package of them, including Sites, Gmail, Docs, Calendar and Video, to millions of business users.</p>
<p>Here is Sinha talking about all of that and more in the video interview I did with him:</p>
<p><div class="video-wsj"><object width="640" height="360"><param name="movie" value="http://s.wsj.net/media/swf/microPlayer.swf"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><param name="flashvars" value="videoGUID=51A8776E-56B0-4B2D-A375-BD402E5FDDB8&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/"name="microflashPlayer"></param><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={51A8776E-56B0-4B2D-A375-BD402E5FDDB8}&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="640" height="360" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div></object></p>
<p><em>Please see <a href="http://allthingsd.com/about/kara-swisher/ethics/">this disclosure</a> related to me and Google.</em></p>
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		<title>Q: How Much Did Formspring Just Raise? A: $11M.</title>
		<link>http://allthingsd.com/20110111/q-how-much-did-formspring-just-raise-a-11m/</link>
		<comments>http://allthingsd.com/20110111/q-how-much-did-formspring-just-raise-a-11m/#comments</comments>
		<pubDate>Wed, 12 Jan 2011 05:01:07 +0000</pubDate>
		<dc:creator>Liz Gannes</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[Adeo Olonoh]]></category>
		<category><![CDATA[Baseline Ventures]]></category>
		<category><![CDATA[Formspring]]></category>
		<category><![CDATA[NetworkEffect]]></category>
		<category><![CDATA[Q&A]]></category>
		<category><![CDATA[Redpoint Ventures]]></category>
		<category><![CDATA[Series A]]></category>

		<guid isPermaLink="false">http://networkeffect.allthingsd.com/?p=2279</guid>
		<description><![CDATA[Formspring has raised a Series A round of $11.5 million led by Redpoint Partners. And it's also releasing a self-service product for publishers called "the Respond button."]]></description>
			<content:encoded><![CDATA[<p>The return of anonymity on the Internet was all the rage in 2010. But as some shooting stars like Chatroulette falter, Formspring is working to evolve its anonymous Q&#038;A service into something more lasting and useful.</p>
<p>Not to say Formspring is making a business out of Web Q&#038;A&#8211;yet. But Wednesday it is announcing a Series A round of $11.5 million led by Redpoint Partners. And it&#8217;s also releasing a self-service product called &#8220;the Respond button&#8221; that allows publishers to solicit responses to their content through a simple integration with Formspring&#8217;s API.</p>
<p><img src="http://networkeffect.allthingsd.com/files/2011/01/AskMen-screenshot-212x300.png" alt="" title="AskMen screenshot" width="212" height="300" class="alignright size-medium wp-image-2282" />The Series A round, which also included Baseline Ventures and others, comes on the heels of Formspring raising $2.5 million from a large group of angels and Polaris Ventures last March. That prompted the company to move its headquarters to San Francisco from Indianapolis, where it had spun out of online form provider FormStack.</p>
<p>Of all the various Q&#038;A startups, Formspring&#8217;s product is probably the closest to personal blogging. A user signs up for an account and then visitors can ask her questions, usually about herself.</p>
<p>$14 million is a ton of money, especially for a site that&#8217;s only a year old with no revenue. But Formspring CEO Ade Olonoh said the company now has 20 million registered users and 10 million daily answers to questions from its community, something he contended takes a lot of infrastructure and additional developers to support.</p>
<p>The new Respond button product will be free to publishers, but it will require users to log into a Formspring account to participate. Launch partners include the Huffington Post and AskMen (pictured).</p>
<p>Previously, Formspring questions existed in a world unto themselves of mostly casual conversations about users&#8217; favorite movies and the like. Olonoh described the Respond button as a paradigm shift because it will introduce topic prompts from outside content.</p>
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		<title>Salesforce Acquires Hosted Apps Platform Heroku</title>
		<link>http://allthingsd.com/20101208/salesforce-acquires-hosted-apps-platform-heroku/</link>
		<comments>http://allthingsd.com/20101208/salesforce-acquires-hosted-apps-platform-heroku/#comments</comments>
		<pubDate>Wed, 08 Dec 2010 14:55:37 +0000</pubDate>
		<dc:creator>Arik Hesseldahl</dc:creator>
				<category><![CDATA[Enterprise]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[Baseline Ventures]]></category>
		<category><![CDATA[cardinal blue]]></category>
		<category><![CDATA[clobby]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[flightcaster]]></category>
		<category><![CDATA[Groupon]]></category>
		<category><![CDATA[Harrison Metal Capital]]></category>
		<category><![CDATA[Heroku]]></category>
		<category><![CDATA[hosted applications]]></category>
		<category><![CDATA[Hulu]]></category>
		<category><![CDATA[Ignition Partners]]></category>
		<category><![CDATA[james lindenbaum]]></category>
		<category><![CDATA[NewEnterprise]]></category>
		<category><![CDATA[parker harris]]></category>
		<category><![CDATA[Redpoint Ventures]]></category>
		<category><![CDATA[Ruby on Rails]]></category>
		<category><![CDATA[Salesforce.com]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[Y-Combinator]]></category>

		<guid isPermaLink="false">http://newenterprise.allthingsd.com/?p=345</guid>
		<description><![CDATA[A day after launching a hosted database service, Salesforce.com announced this morning that it will pay $212 million in cash for the privately held Heroku, a hosted service for applications written in Ruby on Rails.]]></description>
			<content:encoded><![CDATA[<p><img src="http://newenterprise.allthingsd.com/files/2010/12/crmlogo-275x88.jpg" alt="" title="crmlogo" width="275" height="88" class="alignright size-medium wp-image-348" /><img src="http://newenterprise.allthingsd.com/files/2010/12/herokulogo.jpg" alt="" title="herokulogo" width="270" height="81" class="alignright size-full wp-image-349" />A day after launching a <a href="http://newenterprise.allthingsd.com/20101207/salesforce-com-launches-database-com-your-database-in-the-sky/">hosted database</a> service, Salesforce.com announced this morning that it will pay $212 million in cash for the privately held Heroku, a hosted service for applications written in Ruby on Rails, the open-source Web-development language.</p>
<p>Launched in 2007 with seed funding from Y Combinator, Heroku landed $10 million in a B Round led by Ignition Partners in May. Other investors include Redpoint Ventures, Baseline Ventures and Harrison Metal Capital.</p>
<p>Heroku has made a name for itself as a hosting service for Facebook applications. Its most widely cited customer is <a href="http://cardinalblue.com/">Cardinal Blue</a>, whose Facebook apps include <a href="http://travelballoon.org/">Travel Balloon</a> and QuizCreator. Other Heroku customers include <a href="http://clobby.com/">Clobby</a>, a group chat application, and FlightCaster, which makes a handy application that<a href="http://flightcaster.com/"> predicts flight delays</a>.</p>
<p>Heroku founder James Lindenbaum said in a blog post that Heroku <a href="http://blog.heroku.com/archives/2010/12/8/the_next_level/">will remain independent</a>. Parker Harris, Salesforce&#8217;s EVP of technology said of Heroku on the <a href="http://blog.sforce.com/sforce/2010/12/what-i-love-about-heroku.html">official company blog</a>: &#8220;This is the platform as a service I would have wanted to build apps on had it existed in 1999.&#8221;</p>
<p>By acquiring Heroku, Salesforce is getting into the business of development in Ruby on Rails, a widely used open-source Web development language that&#8217;s been used to build Web brands such as Twitter, Groupon and Hulu.</p>
<p>Heroku employees will get about $27 million worth of Salesforce shares, and Salesforce will pay about $10 million for unvested Heroku shares. All consider its a big acquisition for Salesforce, which had about $770 million in cash and short-term investments in the bank as of the quarter ended Oct. 31. However, the market seems to like the deal, as Salesforce shares are trading up 2.5 percent, or $3.63, as of 6:45 am PT.</p>
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		<title>Confirmed: Google Acquires DocVerse in Office Faceoff With Microsoft [UPDATED]</title>
		<link>http://allthingsd.com/20100305/google-acquires-docverse-in-office-face-off-with-microsoft/</link>
		<comments>http://allthingsd.com/20100305/google-acquires-docverse-in-office-face-off-with-microsoft/#comments</comments>
		<pubDate>Fri, 05 Mar 2010 19:12:39 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
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		<guid isPermaLink="false">http://kara.allthingsd.com/?p=25106</guid>
		<description><![CDATA[Continuing its acquisition spree, Google has snapped up DocVerse, a start-up that allows users of Microsoft Office documents to collaborate in real-time on the Web, several sources said.

Sources said the price was in the $25 to $30 million range.

It's yet another shot across Microsoft's software bow by Google, so the brewing war over the cloud between Google and Microsoft just become a lot more interesting.]]></description>
			<content:encoded><![CDATA[<p><em>Please see <a href="http://allthingsd.com/about/kara-swisher/ethics/">this disclosure</a> related to me and Google.</em></p>
<p><img src="http://kara.allthingsd.com/files/2010/03/DocVerse-logo.png" alt="" title="DocVerse logo" width="198" height="37" class="alignright size-full wp-image-25107" /></p>
<p>[<strong>UPDATE:</strong> Google confirmed the deal in a blog post, which you can read below, as well as in interviews BoomTown did today with execs at DocVerse and Google.]</p>
<p>Continuing its acquisition spree, Google has snapped up <a href="http://www.docverse.com/">DocVerse</a>, a start-up that allows users of Microsoft Office documents to collaborate in real-time on the Web, said several sources.</p>
<p>Sources said the price was in the $25 to $30 million range.</p>
<p>Founded by two ex-Microsoft (MSFT) execs in 2008, Shan Sinha and Alex DeNeui, San Francisco-based DocVerse has raised only $1.3 million in venture funding from Baseline Ventures, Harrison Metal and Naval Ravikant.</p>
<p>It&#8217;s yet another shot across Microsoft&#8217;s software bow by Google (GOOG), along with a range of other digital arenas such as <a href="http://kara.allthingsd.com/20100305/google-and-microsoft-look-at-clouds-from-the-same-side-now/">cloud computing</a> and <a href="http://kara.allthingsd.com/20100305/speaking-of-microsoft-google-game-of-internet-risk-bing-adds-more-square-kilometers-in-maps/">mapping</a>.</p>
<p>Google has been pushing its own cloud-based Google Docs, but it struggles against the Office juggernaut. Thus, a link with Office via DocVerse is a smart move.</p>
<p>Jonathan Rochelle, group product manager on the Google Apps team said that while some perceive the search giant as trying to compete directly with Office (a claim I openly scoffed at during the interview), Google did hear from customers that it wanted cloud-based functionality with Office.</p>
<p>&#8220;We heard from customers that there is a great need for help in the cloud,&#8221; he said. &#8220;This acquisition helps users move over the to cloud and expands our product.&#8221;</p>
<p>DocVerse CEO Sinha said his small company&#8211;under 20 employees, who will be moving down to the Googleplex HQ  in Mountain View, Calif., immediately&#8211;had been talking to Google for a while.</p>
<p>&#8220;We were gaining traction in the product in large enterprises&#8230;so, it made sense, because we have a vision of a world of Web-based collaboration,&#8221; he said.</p>
<p>While Sinha said he admired what Microsoft had done with Office, he noted there is a need for more, and a hook-up with the powerful Google will help DocVerse do that sooner.</p>
<p>&#8220;Microsoft is doing a lot of great things for its customers who use its stack of software,&#8221; he said. &#8220;But we see a whole other world interested in the Web-based approach that is not being served very well right now.&#8221;</p>
<p>For its part, Microsoft has committed itself to moving its hugely popular productivity suite&#8211;which includes Word, PowerPoint and Excel&#8211;into the cloud, in order to protect its software hegemony.</p>
<p>Why? Simultaneous group-editing and collaboration online is clearly the future of Office.</p>
<p>In fact, yesterday, Microsoft CEO Steve Ballmer made a significant statement related to cloud computing in a speech, noting, &#8220;This is the bet for the company. For the cloud, we&#8217;re all in.&#8221;</p>
<p>In an interesting side note, this is the third company that <a href="http://kara.allthingsd.com/20100216/the-start-up-whisperer-michael-dearing-is-the-hottest-angel-investor-youve-never-heard-of">Harrison Metal has invested in that has been acquired by Google</a> over the last several months. Other sales have included AdMob for $750 million and Aardvark for $50 million.</p>
<p>There had been a <a href="http://techcrunch.com/2009/12/19/google-to-acquire-docverse-office-war-heats-up/">post in TechCrunch back in December</a> that the deal was nearly done, but it was apparently not completed until now.</p>
<p>Here is the blog post on the deal from Google:</p>
<blockquote class="memo"><p><strong>Google Docs welcomes DocVerse</strong></p>
<p>Friday, March 05, 2010 at 10:48 AM</p>
<p>?The future of productivity applications is in the cloud. We&#8217;ve always believed the web is the best platform for creating and sharing information, and Google Docs has already helped millions of people become more productive. But we recognize that many people are still accustomed to desktop software. So as we continue to improve Google Docs and Google Sites as rich collaboration tools, we’re also making it easier for people to transition to the cloud, and interoperate with desktop applications like Microsoft Office.<br />
?<br />
For example, we recently made it possible to use Google Docs to store and share any type of file that you have on your computer, not just the ones you create online. Today we’re excited to announce another step towards seamless interoperability: we have acquired DocVerse.</p>
<p>DocVerse is a small, nimble team of talented developers who share our vision, and they’ve enabled true collaboration right within Microsoft Office. With DocVerse, people can begin to experience some of the benefits of web-based collaboration using the traditional Microsoft Word, Excel and PowerPoint desktop applications.</p>
<p>A huge &#8220;welcome&#8221; to the DocVerse team and their customers! Current DocVerse users can keep using the product as usual, though we’ve suspended new sign-ups until we’re ready to share what&#8217;s next. Stay tuned!</p>
<p>Posted by Jonathan Rochelle, Group Product Manager, Google Apps team</p></blockquote>
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		<title>Investors Bet $5 Million on Casual Game Site OMGPOP, Hope Users Start Paying Up</title>
		<link>http://allthingsd.com/20090310/investors-bet-5-million-on-casual-game-site-omgpop-hope-users-start-paying-up/</link>
		<comments>http://allthingsd.com/20090310/investors-bet-5-million-on-casual-game-site-omgpop-hope-users-start-paying-up/#comments</comments>
		<pubDate>Tue, 10 Mar 2009 12:00:05 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
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		<guid isPermaLink="false">http://mediamemo.allthingsd.com/?p=5057</guid>
		<description><![CDATA[Web start-ups that plan to make money from advertising are having a rough time raising money. But Web start-ups that say they'll do it by charging customers something? Still possible.

Today's example: OMGPOP, the casual gaming site formerly known as iminlikewithyou, which has raised a $5 million in a round led by Bessemer Venture Partners.]]></description>
			<content:encoded><![CDATA[<p><img class="alignright size-medium wp-image-5064" title="balloono" src="http://mediamemo.allthingsd.com/files/2009/03/balloono-300x180.png" alt="balloono" width="250" height="149" />Web start-ups that plan to make money from advertising are having a rough time raising money. But Web start-ups that say they&#8217;ll make money by charging customers? Still possible.</p>
<p>Today&#8217;s example: <a href="http://omgpop.com/">OMGPOP</a>, the casual gaming site formerly known as iminlikewithyou, which has raised a $5 million round led by Bessemer Venture Partners. Previous investors Spark Capital and Ron Conway&#8217;s Baseline Ventures re-upped, but not Netscape/Ning/<a href="http://kara.allthingsd.com/20090220/marc-andreessens-new-venture-fund-project-a/">&#8220;Project A&#8221; investor Marc Andreessen</a>, who took a flier on the company <a href="http://www.businessinsider.com/2008/6/iminlikewithyou-closes-series-a-1-5-million-from-spark-marc-andreesseen-others">last summer</a>.</p>
<p>The site has raised a little more than $6.5 million to date. A conservative valuation would still make the company worth north of $10 million.</p>
<p>Why is it worth anything? The company, which began life in 2006 as a dating site, has a dedicated user base that logs some three hours a month on the site. But it&#8217;s still pre-revenue, as they say.</p>
<p>CEO Dan Porter, who took over for <a href="http://gawker.com/search/charles%20forman/">highly visible founder Charles Forman</a> earlier this year <a href="http://www.businessinsider.com/2009/2/iminlikewithyou-hires-new-ceo">(Forman is still at the company, cranking out games)</a>, says that will change this spring. He will be selling &#8220;premium&#8221; accounts/subscriptions, most likely for $5 a month, along with virtual goods (think collectible items, power-ups, etc.).</p>
<p>It&#8217;s possible that the site will roll out some kind of advertising at some point&#8211;Porter says he&#8217;s been testing some ad units with Google (GOOG)&#8211;but those would be ancillary dollars (or dimes).</p>
<p>Can that work? Maybe. Casual games&#8211;free or low-cost Web games that take little time commitment&#8211;<a href="http://www.paidcontent.org/entry/419-ad-sales-up-for-casual-games-but-retail-subscription-revenues-complete/">appear to be doing well so far in the recession</a>, even as traditional videogame sales falter. And a lot of people are hopeful that the  market for virtual goods&#8211;big in Asia, but limited in the U.S. to a handful of games and a few oddities like Facebook&#8217;s &#8220;gift&#8221; items&#8211;will finally take off.</p>
<p>Not interested in thinking this one through? Fair enough. Try playing the site&#8217;s <a href="http://www.omgpop.com/#/arcade/gamelobby/balloono">&#8220;Balloono&#8221;</a> game, a knockoff of the Nintendo classic Bomberman. I&#8217;m waaaaaay older than the site&#8217;s core 15-25 demo, but I&#8217;ve spent an embarrassing amount of time on this one.</p>
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