Four Reasons Why Andreessen Horowitz Is Investing $10 Million in Belly

Andreessen Horowitz has invested $10 million in Belly, a Chicago-based company that is building a loyalty network for retailers that will replace punch cards with mobile rewards.
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Code Advisors Takes a $25 Million Investment From J.P. Morgan

Big and little investment banks join hands to take on Silicon Valley better.
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Silver Lake Grabs Large Minority Stake of WME to Push Digital Initiatives

Hollywood meets Silicon Valley. Again.
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Confirmed: Schultz and Efrusy to Leave Groupon Board; “Accounting Types” Joining

Will a shake-up of the board of the daily deals company help its prospects?
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Updated S-1: Facebook’s Yearly Revenue Growth Up 45 Percent, But Down Six Percent From Last Quarter

Will the new results cause investors to worry?
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Welcome to ATD: The Very Social Mike Isaac

A new reporter to cover social, while a current one looks hard at what it takes to innovate and more.
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L.A. Stories: Scarfing Up Big Media at Gobbler (Video)

A hopped-up version of Dropbox’s media-in-the-cloud efforts for cool music folks.
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FaceTagram? InstaBook? Whatever You Call It, All Your Mobile Photo Are Belong to Facebook (for $1 Billion)!

Actually, it’s pretty simple: Photos. Photos. And, oh yes, mobile photos — lots and lots and lots of them.
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L.A. Stories: What’s the Frequency for Web Video Discovery? (Video)

Tuning in with the Los Angeles-based social TV Guide for online video.
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Y Combinator’s Demo Day Gets Supersized