News Byte

Burger, Fries and a Coke, Delivered To Your Desk? That Will Be $50 Million.

SeamlessWeb, which connects people who want to eat food with restaurants that want to deliver it, has a new investor: Spectrum Equity Investors is buying a minority stake in the company for $50 million. SeamlessWeb was formed in 1999, and acquired by commercial food giant Aramark in 2006; Aramark continues to own the majority of the company. SeamlessWeb, which doesn’t actually deliver food to diners, but simply processes orders via the Web and mobile apps, says it will do more than $400 million in sales this year.

Fed's Watchful Eye Over Google in Travel Search Makes Critics Very Happy

Time for a vacation! After roughly nine months of antitrust scrutiny, the justice department has approved Google’s acquisition of ITA, acting quickly before the government faces a potentially shutdown due to budget disputes. And, not surprisingly, all parties involved are claiming victory.

SurveyMonkey's Dave Goldberg Speaks! (Plus a Tour of His New Planet of the Apes Lair in Silicon Valley)

BoomTown was as surprised as anyone when longtime Silicon Valley Web music entrepreneur Dave Goldberg said in May that his next move was going to be investing in and running an online survey company with the unusual name of SurveyMonkey. Most expected the former Yahoo music head to land at an entertainment or media giant, running its digital operations. But it is at SurveyMonkey where Goldberg has swung himself and he has now made good on his promise to open a Silicon Valley office of the Portland-based start-up.
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Former Yahoo Music Exec Dave Goldberg to Head SurveyMonkey

Former Yahoo music head Dave Goldberg–who has been an entrepreneur-in-residence at Benchmark Capital since he left the Internet company more than two years ago–has finally landed at another company, sources said, taking over as CEO of SurveyMonkey. Goldberg will head the Portland-based private company, which is an online survey creator, including offering analytics of the results. Sources said he will also become a minority investor in SurveyMonkey, as part of a deal in which Spectrum Equity Investors and other investors, including Bain Capital Ventures, are acquiring a majority interest in the company.
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