VCs Pay Up for Second(ary) Chance to Invest in Web Winners

Apparently some folks wanted extra cash to buy ultra-deluxe Christmas gifts last year. Current employees of private companies made up the largest single portion of stock sellers on SecondMarket in December, a huge leap from prior months.

Indian Start-Up Turns Texts Into Dollars

Indian start-up SMS GupShup is trying to turn text messages into some serious ka-ching by creating a host of SMS-based services that, all told, account for more than 1.5 billion text messages a month.

Google Buzz Makes Gmail Less Socially Awkward

Can a microblogging twist on Gmail raise Google’s profile in social networking? We’ll soon find out. At an event at company headquarters today, Google announced Google Buzz, a new Twitter-style status update system for the email service that will allow users to share their everyday mundanities and inanities and follow those of selected contacts.