News Byte
Liz Gannes in News on May 24 at 5:59 pm PT
BetterWorks, the employee rewards start-up used by companies like Hulu, Tesla and Docstoc, is shutting down its site at the end of the month. The bad news from the Redpoint Ventures-backed start-up comes on the heels of significant layoffs last week. However, a spokeswoman said that the company itself is not shutting down entirely, but rather trying to use its remaining team and capital to reformulate itself.
News Byte
Peter Kafka in Media on May 21 at 3:18 pm PT
Like we told you earlier this month: Google has invested in Machinima, one of the most popular networks/channels on Google’s YouTube. Google — that’s Google Inc., not Google Ventures — now confirms that it led the $35 million round, along with previous investors Redpoint Ventures and MK Capital. My sources previously told me the deal would value Machinima at around $190 million.
Liz Gannes in Social on April 15 at 11:23 pm PT
Path, the mobile social networking start-up, is planning to announce it has raised Series B funding as early as Monday, according to sources.
Liz Gannes in Social on February 24 at 11:00 am PT
If you get her started, Caterina Fake sounds almost like a professor of social networking philosophy.
Peter Kafka in Media on January 24 at 6:00 am PT
And the marketing start-up has just raised another $12 million. Think about that the next time you fire off a comment during an NFL game.
Voices
Chris Moore, Partner, Redpoint Ventures in Voices on January 20 at 3:50 pm PT
I love the “Mad Men” version of the ad business. The storytelling. The simplicity. The glasses of scotch at 10 am. But these days in digital, it feels like the Math Men media buyers (with their terabytes of data) are taking over for the Mad Men creatives.
Peter Kafka in Media on December 16, 2011 at 5:35 am PT
Last month, Adobe said it was buying search marketing firm Efficient Frontier, but didn’t disclose a purchase price. Yesterday, it came clean.
Kara Swisher in Social on November 3, 2011 at 12:00 pm PT
Around the world in $15 million.
Arik Hesseldahl in Enterprise on October 19, 2011 at 8:59 pm PT
Coming out of stealth today with $24 million from Redpoint Ventures, Accel and other investors, Qwilt stores copies of the videos that are popular in your neighborhood to help make the network run faster. And? It uses flash memory to do it! Flash Madness continues.
Kara Swisher in News on September 8, 2011 at 6:15 am PT
Despite the bad economy, turbulent markets and lackluster venture returns of late, limited partners looking for an investment edge seem to still be adding more dough to the VC kitty.
