608 posts and columns on e-commerce
Dropbox today has bought e-commerce middleman for consumers Sold, according to a post on Sold’s site. The service will no longer be accepting items, the Boston-based startup said. Terms of the deal were not disclosed, but Sold had only had a small round of seed funding from Google Ventures and Greylock Partners, among others.
News Bytereported last week that the Silicon Valley Internet giant was interested in acquiring Lexity, which was founded and is led by a well-regarded former Yahoo exec, Amit Kumar. Lexity said the service would continue to run, but eventually under new Yahoo branding. Before the acquisition, Lexity had raised close to $6 million from a range of investors.
News Byte$51 million fund that the venture firm recently announced that will be aimed at high-growth opportunities in social, e-commerce, digital media and software-as-a-service startups in New York. (You can read a sharp post Guttman recently penned for AllThingsD on native advertising here.)