Ad tech firm Resonate has a simple pitch along those lines: It says it can figure out what different groups of Internet users care about, and where to find them on the Web.

The Reston, Va.-based start-up has been at it for four years, and just raised a big series B round led by Revolution Growth, the new fund led by former AOLers Steve Case, Ted Leonsis and Donn Davis. Resonate won’t announce the total amount of the raise, but a person familiar with the company says it’s $22 million. Earlier investors like Greycroft Partners, LLC and iNovia Capital put another $7 million into the company, and some of them have reupped, as well.

Lots of ad tech companies promise to target Web surfers based on their online behavior, and some are now saying they can tie in offline behavior, like voting records (!), as well.

For now, at least, Resonate is avoiding that kind of targeting. Instead, it recruits panels of Internet users, asks them to complete comprehensive surveys on their likes, values, etc., and tracks their surfing patterns. Then it uses that data to figure out where to find people who will be most receptive to particular pitches.

The idea: While marketers might want to advertise a new light salad dressing on a food site that caters to women, Resonate might figure out that a sports site with a big male audience would be a better bet.

Resonate started out selling itself to political advertisers, and CEO Bryan Gernert says he’ll be doing a bunch of that this year. But he says the company is primarily focused on brand advertising, and counts McDonald’s, Verizon and Toyota as clients. Last year, Resonate did “north of $10 million” in revenue, he says.

Revolution Growth, a new investment vehicle led by former AOLers Steve Case, Ted Leonsis and Donn Davis, has raised $450 million in their first investment fund.

Originally, as I reported in March, the growth fund was going to be $400 million, but more was added due to investor interest.

The figure is a large one for a new venture and includes two dozen limited partners.

According to a letter to its partners, which I posted below in its entirety, Revolution said it will make 10 to 12 investments over five years in the consumer space of about $25 million to $50 million and mostly on the East coast, where its principals live and work.

The fund will focus on the “speed-up” stage — which is apparently just past venture stage and not yet in growth.

While both Leonsis and Case have done a lot of investing in the Web 2.0 space both together (Revolution Money) and apart (the Groupon and LivingSocial social buying sites, respectively), this is the first time the pair of well-known Web pioneers are creating a more formal investment partnership.

The pair are also investing $75 million of their own money in total in the Revolution Growth fund.

Revolution’s three partners said they will also be deeply involved with entrepreneurs at its companies.

“We are not just investors, but former CEOs and business builders who have the expertise and passion to be actively involved with the companies we back,” said the letter. “By making only a few investments each year, we will have the time to really help the entrepreneurs with whom we partner.”

Well, you can read about the Revolution Growth fund yourself here:

letter

I love the smell of blog wars in the morning!

Acting as Facebook often does to Google, a new site started by former Engadget editor Josh Topolsky just hired away yet another passel of tech journalists from the giant gadget news and reviews organization.

Editorial movement is not uncommon on tech news sites, but this level of it from one site to another is somewhat, um, aggressive.

Engadget, which is owned by AOL, is one of the largest tech-focused sites on the Web. Topolsky left his editor-in-chief job there in March.

By April, he had grabbed eight prominent Engadget staffers who had left the huge tech site amid editorial tensions, in order to start a new competing gadget property for the well-funded sports content start-up SB Nation.

Now, sources said, Topolsky has added Thomas Ricker, an Engadget senior editor, who had run its European coverage; Sean Hollister, a senior associate editor, who ran its West coast team; and Joseph Flatley, an associate editor.

Also hired: Thomas Houston, editor-in-chief of Switched, an AOL tech site that was recently subsumed into its Huffington Post Media unit; and Dieter Bohn, who was editor-in-chief for the Smartphone Experts network of sites, including Crackberry and others.

And other possible new hires soon from Engadget: Another European editor, Vlad Savov, and writer Jacob Schulman.

The Topolsky-helmed site is still unnamed but is now operating as This Is My Next. It already has 16 writers, compared to Engadget’s two dozen, and is set to debut in the fall with a new name.

It will be the first content expansion at the Washington, D.C., SB Nation, which completed a $10.5 million Series C round, led by Khosla Ventures, in the fall.

Before that, SB Nation had already raised about $13 million in total venture funding from Accel Partners, Allen & Company and Comcast Interactive Capital, as well as from angel investors such as Ted Leonsis and others in Silicon Valley.

Another AOL link: SB Nation was founded by former AOLer, CEO Jim Bankoff, who had bought Engadget for AOL many years ago.

Engadget Editorial Director Josh Frulinger said that the impact of the talent drain on Engadget — mostly from This Is My Next raids — has been small, since the site has also been aggressively hiring.

“We’re past the people leaving and into celebrating what we’ve accomplished in six short months, and we welcome any new competition,” he said. “Dana Wollman, Brian Heater, Myriam Joire, Zach Honig, Joe Pollicino, Richard Lawler, Michael Gorman, Sean Buckley, Joseph Volpe, Brad Molen, Terrence O’Brien, Amar Toor and Sharif Skar — all brought on in the past six months — are your Engadget stars of tomorrow.”

To prove it, AOL said unique visitors for Engadget in June were up 1.1 percent from May and will be up again for July. In recent reports, the site had 14 million unique monthly visitors.

Earlier this week, he hired away eight staffers from AOL’s Engadget in order to create a competing tech news and gadget reviews site.

And now, according to sources close to the situation, the former AOL content head is close to hiring another former top AOL media exec, Marty Moe (pictured here), to manage it and also more niche sites the blog network is contemplating launching.

Sources said the hiring of Moe is not yet complete, but is close to being struck.

Tyler Bleszinski, SB Nation’s founder and sports editorial director, will continue to manage the start-up’s sports blog network, while Moe will focus on the company’s tech vertical and any other future categories.

Moe left AOL less than a year ago, after nine years working at the New York-based portal, including with Bankoff.

Both had been involved in the purchase of Weblogs Inc., which included the flagship Engadget site.

Now, it seems they will be trying to remake the concept of a content network, although in a more entrepreneurial and innovative setting.

The new tech site–which is still unnamed and will be helmed editorially by outgoing Engadget Editor in Chief Josh Topolsky–will debut some time in the fall. It is the first content expansion at the Washington, D.C., SB Nation, which has heretofore been exclusively focused on sports.

Topolsky will be joined by former Engadget managing editor Nilay Patel and also former staffers Paul Miller, Joanna Stern, Ross Miller, Chris Ziegler, Justin Glow and Dan Chilton.

All of the above had left Engadget in a series of departures of late, all due to increasing unhappiness with AOL’s management and content strategy.

Paul Miller and Ross Miller, who are not related, both stated publicly that they did not like the editorial direction AOL was going in, especially a controversial content strategy document titled “The AOL Way.”

New AOL content head Arianna Huffington has shifted toward a more journalistic path, but the talent bleed began before AOL’s $315 million purchase of the Huffington Post.

Many new upstart content sites such as SB Nation have begun to try to eat away at the big portal’s content strategy–pushed by its CEO Tim Armstrong–with perhaps more nimble efforts of their own.

And those smaller companies are also well funded.

SB Nation completed a $10.5 million Series C venture round, led by Khosla Ventures, in the fall.

It had already raised about $13 million in total funding from Accel Partners, Allen & Company and Comcast Interactive Capital, as well as from angel investors such as Ted Leonsis and others in Silicon Valley.

Jim Bankoff, the fomer AOL exec responsible for buying Engadget for the Internet portal, has grabbed eight staffers who had recently left the huge tech site amid tensions, in order to start a new gadget property.

The site–which is still unnamed and will be run by outgoing Engadget Editor-in-Chief Josh Topolsky–will debut sometime in the fall. It is the first content expansion at the Washington, D.C. sports news site SB Nation, which is helmed by Bankoff.

“The technology we built is applicable beyond sports,” said Bankoff, in an interview with BoomTown tonight. “It was an opportunity to apply our model…into another content category where there was an overlap in demographics.”

That would be fanboys and, well, boys-who-will-be-boys.

UPDATE: In related news, sources said that AOL has zeroed in on Tim Stevens, Engadget’s automotive editor to replace the outgoing Topolsky. The New York-based company had already named Darren Murph as its new managing editor.

Now Stevens will be competing with Topolsky, as well as managing editor Nilay Patel, who will also lead the Engadget tech-exodus (techxodus?). The others include former Engadget staffers Paul Miller, Joanna Stern, Ross Miller, Chris Ziegler, Justin Glow and Dan Chilton.

Stern and Ziegler are still on Engadget’s editors site as current employees.

All of the above had left Engadget in a series of departures of late, all due to increasing unhappiness with AOL’s management and content strategy.

Paul Miller and Ross Miller, who are not related, both stated publicly that they did not like the editorial direction AOL was going in, especially a controversial content strategy document titled “The AOL Way.”

In his blog post, Topolsky threw another smackadoo at AOL, noting “SB Nation believes in real, independent journalism and the potential for new media to serve as an answer and antidote to big publishing houses and SEO spam–a point we couldn’t be more aligned on.”

New AOL content head Arianna Huffington has shifted toward a more journalistic path, but the talent bleed began before AOL’s $315 million purchase of the Huffington Post.

In a blog post, which is embedded below, Topolsky said the new SB Nation gadget site will be similar in pace and topic, but it will be broader than Engadget.

The move is an interesting one for SB Nation, which completed a $10.5 million Series C round, led by Khosla Ventures, in the fall.

It had already raised about $13 million in total venture funding from Accel Partners, Allen & Company and Comcast Interactive Capital, as well as from angel investors such as Ted Leonsis and others in Silicon Valley.

In related news, also restarting tomorrow will be a popular gadget podcast that Topolsky, Patel and Paul Miller had done for Engadget.

The New York Times’ David Carr mentioned the new site in the middle of a column earlier tonight.

Here is Topolsky’s blog post on the move, titled “This Is My Next Project”:

As you may have already heard (or read), there’s some activity going on in the world of Joshua Topolsky. Earlier this evening, David Carr published a piece in the New York Times about a new project that I’m embarking on…and I want to just say a few things about it.

Firstly: yes, this is happening. I’ve decided to join the team at SB Nation to build something brand new in the tech space. Now I know it might seem odd to some that I would be partnering with a sports publisher to build a technology news site, but that’s only half the story. This isn’t just about sports, or tech, or lone silos. What we will build together at SB Nation is a new media company–buoyed by the absolutely incredible work SB Nation has already done in publishing–and part of that new media company will be the as-yet-unnamed gadget and technology site that I’ll be working over the next few months to create. When we launch (hopefully in the fall), I will be editor-in-chief of a property that I hope will inform, entertain, and engage fans of technology in whole new ways.

I should say that I wouldn’t want to build something like this alone, and thankfully, I won’t have to. I’ll be joined by some very good friends at this new venture–people like Nilay Patel, for instance.

Of course, the natural question I’m sure a lot of people have is: why SB Nation? The easy answer is that the people at SB Nation share my vision of what publishing looks like in the year 2011. They think that the technology used to create and distribute news on the web (and mobile) is as important as the people who are responsible for the content itself. And that’s not just pillow talk–SB Nation is actively evolving its tools and processes to meet the growing and changing needs of its vast editorial teams and their audience communities. They’re building for the web as it is now. From the perspective of a journalist who also happens to be a huge nerd, that’s a match made in heaven. SBN isn’t just another media company pushing news out–it’s a testbed and lab for some of the newest and most interesting publishing tools I’ve ever seen. In short, I was blown away when I saw what kind of technology they’re using to get news on their front page and engage audiences, and even more blown away when I started talking to them about what could come next.

But beyond the technology (and possibly more important than the technology), there’s another factor here that’s driving my decision. It’s that SB Nation believes in real, independent journalism and the potential for new media to serve as an answer and antidote to big publishing houses and SEO spam–a point we couldn’t be more aligned on. This is a group of people that not only think independent media works, but are reaping the rewards of new publishing done right. As the fastest growing online sports publisher, they’re seen as a source for credible and honest journalism, which is why industry stalwarts like Rob Neyer have recently joined their ranks (ranks which include hundreds of talented sports experts). This isn’t tabloid page grabbing or content farming–it’s news and insight by and for a passionate and informed group of people. And that’s exactly where I want to be.

So, what happens next? We get to work.

In the coming months I’m going to be laser focused on one thing: building the best tech site in the world–and I would love to hear what you guys think the next phase in technology and gadget news should look like. Ping me with ideas, gripes, or even better–come and work here! SB Nation is looking for new developers as we speak, and as we ramp up to launch, we’ll be bringing on lots of talent to work both on the front page and behind the scenes.

I couldn’t be more excited and enthusiastic about what we can build right now, and I can’t wait to share what we’re going to make with the rest of the world. The months ahead are going to be filled with lots of early mornings and sleepless nights, intense debates, triumphs, and trials–and I can’t wait.

Steve Case and Ted Leonsis are bringing their old AOL band back together once again, this time by raising a $400 million growth equity fund.

The pair, the legendary top execs who rocketed AOL to the top of the Internet business in the 1990s, are now making the rounds in New York and elsewhere to pitch their new investment vehicle, sources said.

The money raised will be part of an entity called Revolution Growth, which already exists within Case’s larger Washington, D.C.-based company called Revolution.

While both Leonsis and Case have done a lot of investing in the Web 2.0 space both together (Revolution Money) and apart (the Groupon and LivingSocial social buying sites, respectively), this is the first time they are creating a more formal investment partnership.

Another former AOL exec, Donn Davis is the third partner in Revolution Growth.

Sources said its focus will be on companies just beyond the venture stage to bring them to scale.

SnagFilms, the online video distribution site for professional documentaries, has nabbed $10 million in funding from Comcast’s investment arm and New Enterprise Associates, and will also now be distributing fictional independent film releases.

That and the new investment giving SnagFilms a valuation of $50 million should be big news at the 11th Sundance Film Festival, the famous independent film gathering opening in Park City, Utah, on Thursday.

And SnagFilms also announced that well-known industry exec Bingham Ray is joining the start-up to spearhead its distribution of fictional narrative and foreign-produced independent films.

The service, unlike the subscription-based video giant Netflix, currently distributes free non-fiction documentary films with advertising, as well as offers rental streaming and purchase options.

And it is profitable, said Ted Leonsis, the former AOL exec who is the founder and has been the driving investor in SnagFilms.

“It was always my personal frustration as a backer of documentaries that you could not get distribution far and wide,” he said in an interview earlier today.

He noted that while Netflix is really now focused on big studio fare, “what we’ve discovered is a big supply of independent video that has never seen light of day, but that has a big audience.”

SnagFilms’ strategy is to give broader reach to these films, which often don’t even have a theatrical opening–or, if they do, are very small.

Along with its site, which digitizes the films and adds advertising to them, SnagFilms also encourages Web sites and others to grab films and create a “virtual movie theater.” (You can see my effort below.)

It also has video-on-demand deals with Comcast, Verizon and more, as well as purchase options with Apple’s iTunes and others.

Earlier this month, SnagFilms also launched an impressive and free iPad full-movie-watching app.

SnagFilms also owns a popular news site called indieWIRE, which covers the independent film market, and the new funding will also be used to expand it.

That market has been in need of a boost of some kind, since it has been struggling as financing has dried up for the production of quality documentaries and outside-the-Hollywood-machine movies.

It has long been hoped that the Internet would perhaps save and strengthen the genre, with its supposed long-tail magic.

But the going has been slow. Currently, SnagFilms has 2,000 films in its online library, although Leonsis said the aim is to use the new funds to get 10,000 films on the service as soon as possible.

“We’re trying to build a beachhead in the independent film world,” he said of SnagFilms, which currently has about 40 employees in Washington, D.C., and New York. “We think we have a niche and video is the killer app on Web now.”

Leonsis, who has backed such notable documentaries as “The Rape of Nanking,” said NEA’s Peter Barris will join the board, along with existing investor Steve Case.

Case and Leonsis, of course, were the dynamic duo of AOL’s glory days.

So, I am rooting for another win in an arena that needs it.

Thus, here’s my own movie palace online and also the official press release from SnagFilms:

Watch more free documentaries

Industry Powerhouses NEA and Comcast Invest in SnagFilms

$10 million in new funding to distribute documentaries and fictional independent films on all digital platforms and devices, globally

Washington D.C.–January 17, 2011 – SnagFilms announced today it has received $10 million in growth capital from new investors New Enterprise Associates (NEA) and Comcast Interactive Capital (CIC). Existing investors, including Ted Leonsis (SnagFilms’ Founder) and Steve Case, also participated. The financing will be used to expand its distribution of independent films–including, for the first time, fictional independent releases–across all digital platforms and devices, and on a global basis.

SnagFilms is a leader in distributing free, ad-supported titles from a library of over 2,000 non-fiction films. Last year, SnagFilms entered the transactional world with launches of video on demand channels on Comcast and Verizon FiOS, as well as titles for sale through the Apple’s iTunes store. Earlier this month, SnagFilms debuted its iPad application with the largest collection of award-winning U.S. films offered free to iPad users.

“As a profitable company with substantial private investors, SnagFilms didn’t need to raise outside capital,” said company founder Ted Leonsis. “However, we saw overwhelming strategic value in involving NEA, a pioneer and leading venture capital firm, and CIC, the investment arm of Comcast. SnagFilms is very well-financed and uniquely positioned now to bring the full array of independent films–fiction and non-fiction, U.S. and foreign–to global audiences on all platforms and devices. We’ve amassed a library of 2,000 documentaries since our launch, and we’re now building distribution opportunities for tens of thousands of independent films in both categories. That’s great news for film fans and for filmmakers.”

“SnagFilms is perfectly positioned to fuse technology and content in a manner that has marked many of the transformational industry leaders we have helped build in the past,” said NEA Managing General Partner Peter Barris, who joins the Company’s Board of Directors. “New devices and digital platforms will allow consumers unprecedented access to quality content, and SnagFilms will be there to delight them. We are pleased to be able to invest in SnagFilms at this time, and to help them add fictional indie films to their expertise with documentaries–and to take both genres to the full swath of digital platforms and devices.” Among many other investments, Barris serves on the board of Groupon as its first VC investor.

“We are excited about the new opportunities SnagFilms creates, especially for independent filmmakers who historically could not get distribution,” said David Horowitz, Managing Director of Comcast Interactive Capital. “This investment reflects our view that consumers are demanding a diverse selection of high-quality content that can be watched on any platform or device.”

SnagFilms also announced that industry veteran Bingham Ray will join the Company to help guide its entry into distribution of fictional narrative and foreign-produced independent films. Ray, former President of United Artists, October Films and Kimmel Entertainment, and honored for Lifetime Achievement by the Gotham Awards, has deep experience in the acquisition, marketing and distribution of motion pictures, including “Hotel Rwanda,” “Bowling for Columbine,” “Secrets & Lies,” “War Room,” “High Art,” “Last Days” and “Breaking the Waves.”

“Bingham has been an advocate for filmmakers throughout his career,” noted Rick Allen, SnagFilms CEO. “His record of successful distribution on traditional platforms provides a strategic sense and depth of relationships that will be invaluable as we extend our model into a broader array of films. Bingham will be a key member of our large presence at the Sundance Film Festival this week and beyond.”

“I’ve been a big fan of SnagFilms from their earliest days, and am truly thrilled to be part of the team as they expand the service, bringing more filmmakers to bigger audiences on a wider array of platforms,” said Ray. “This is the future of our business.”

“SnagFilms plus Bingham Ray is a great combination,” said Tom Bernard, co-president and co-founder of Sony Pictures Classics. “Bingham knows the indie world as well as anyone alive and is admired for his experience and for always delivering for filmmakers. He’ll be a big asset to SnagFilms’ expansion.”

In addition, SnagFilms intends to use its new growth capital to expand its indieWIRE unit, now in its 15th year as the leading web source of news, reviews and analysis of independent film.

“indieWIRE’s traffic is now ten times what it was when we purchased it two and a half years ago,” Allen said. “Before the Academy Awards are announced later this month, you’ll see new editor-in-chief Dana Harris add ongoing features to our coverage of the indie world, and exciting new blogs to our Network, like the recently-added blog The Playlist.”

About SnagFilms

SnagFilms features free ad-supported viewing of more than 2,000 award-winning titles from some of the greatest names in documentary film. All films are shareable across the web. Since its launch in July 2008, SnagFilms’ library has been featured on over 2 billion web pageviews, with more than 325 million minutes of SnagFilms titles streamed across over more than 100,000 affiliated sites and webpages, including through partners such as Aol, Comcast, Hulu, the Starbucks Digital Network, IMDb, the Miami Herald, hundreds of non-profits, special interest sites and blogs. SnagFilms also offers selected titles via VOD (with Comcast and FiOS), on iTunes and through a new free application for the iPad.

OVGuide has twice named SnagFilms a Top Site and MovieMaker Magazine named SnagFilms to its annual list of “50 Best Websites for Moviemakers.”

Next week, at the DLD conference in Munich, Germany, BoomTown will be interviewing one of my favorite start-up CEOs: Andrew Mason of Groupon.

And what’s my very first question for the adorkable toast of the digital town, who has just collected a billion dollars in funding, giving his hot social buying site a $4.75 billion valuation?

No, it’s not about what Mason is going to do with all that moolah.

Not, it’s not about why Groupon spurned the $6 billion acquisition offer from Google (and the Yahoo one before that).

No, it’s not about what hair care products Mason uses to get his hair looking so much like Justin Bieber’s coif.

Most of all, what I want to know is how he’s going to manage his ridiculously large–and, let’s be honest, very opinionated–investor group, which is made up of a big chunk of the digital arena’s most prominent VC firms, institutional investors and angels.

Consider the list, which is much more diverse than Facebook’s at a similar time in its gestation (and, in fact, it feels a lot like the social networking site’s current investor stampede):

Andreessen Horowitz, Battery Ventures, Greylock Partners, Kleiner Perkins Caufield & Byers, Mail.ru Group (formerly DST Global), Maverick Capital, Silver Lake, and Technology Crossover Ventures, New Enterprise Associates, Accel Partners, T. Rowe Price, Fidelity, Capital Group, Morgan Stanley, former AOL exec Ted Leonsis and others.

(How in the world is the ubiquitous Ron Conway not shoved in this pig pile? Or is he?)

And, of course, the inevitable Allen & Company acted as financial advisor for this massive funding, which also feels like a bit of a private pre-IPO.

It will be interesting to see exactly whom among this shareholder group that Mason and the other top Groupon execs will listen to and who will have the most influence over the next year.

None of the new moneybags got a board seat, which is probably a good thing. As most entrepreneurs know all too well, investors can be a tricky thing–at once helpful and then not so much.

Mason, a clearly gifted exec, certainly has his hands full now, managing expectations for the fast-growing company, as well as the business itself.

Let’s hope that now that this surreal investor sideshow circus is over, that Groupon’s precious time can be focused on just that.

In one memorable episode of the famous old short films “The Little Rascals,” after not getting invited to a party, the Our Gang little dudes decided to form their own group, comically called “The He-Man Woman-Haters Club.”

In other words: No girls allowed!

While it was wink-wink cute when Spanky, Alfalfa and Buckwheat huffed and puffed about keeping out Darla–which they never ever could do–back in the last century, it’s not quite as adorkable when it comes to the boards of all the major Web 2.0 hotshots these days.

That would be Twitter, Facebook, Zynga, Groupon and Foursquare, none of which have any women as directors.

As in zero.

What’s most remarkable is that most of these start-ups are run by what I consider enlightened and open-minded entrepreneurs, mostly young enough to be part of a generation more inclined to value equality and diversity in the workplace.

In addition, each of these companies has a massive base of women consumers, in some cases well over 50 percent of its audience.

Thus, it would seem logical that in casting about for those to help guide these companies, one or two women leaders might slip in.

To be fair, it’s not for lack of trying, but of completion, as was the case with Twitter’s recent addition of three new board members.

They were longtime Silicon Valley exec Peter Currie, Flipboard CEO and co-founder Mike McCue and former DoubleClick leader David Rosenblatt.

All are deeply qualified for the Twitter board, which is obviously prepping for its next stage of growth and maturity.

But in its search, the San Francisco microblogging site did not manage to cast the net quite wide enough.

While sources said at least one prominent online woman exec was considered, there were some legitimate issues with her appointment, and it was not completed.

Still, one might imagine Twitter could have tried harder to find other workable choices.

Currently, the Twitter board is made up of the new trio, as well as Benchmark Capital’s Peter Fenton, Union Square Ventures’ Fred Wilson, Bijan Sabet of Spark Capital, CEO Dick Costolo and co-founders Evan Williams and Jack Dorsey.

Things are not any better over at Facebook, which has several prominent women execs running the show, most especially its high-profile COO Sheryl Sandberg.

But, inexplicably, though she does attend board meetings, she is not yet a director of Facebook, nor is any other woman.

In fact, here is Sandberg on topic at a recent TED event for women, in an eloquent speech titled “Why We Have So Few Women Leaders”:

Instead, the Facebook board is all men, all the time, composed of CEO and co-founder Mark Zuckerberg, prominent techie and venture capitalist Marc Andreessen, investor Peter Thiel, Accel Partners’ Jim Breyer and Washington Post head Don Graham.

It is no better at three of the most prominent recent Web 2.0 start-ups, which one source attributes to the lack of woman VCs, who are often the first board members after major investment rounds.

At Zynga, the hot social gaming company in San Francisco, it continues, with an all-male board, despite a very heavily female audience for its casual social games.

That would be co-founder and CEO Mark Pincus, COO Owen Van Natta, investor Bing Gordon of Kleiner Perkins, investor Reid Hoffman and Brad Feld of the Foundry Group.

The same is true at woman-targeted–spas, spas and more spas–social buying site Groupon, which has an unusually large board for a start-up and made up of–as per usual–all men.

The list: Co-founder and CEO Andrew Mason, Accel Partners’ Kevin Efrusy, former AT&T President and COO John Walter, New Enterprise Associates’ Harry Weller and Peter Barris, former AOL exec Ted Leonsis, 37Signals co-founder Jason Fried and early investors Eric Lefkofsky and Brad Keywell.

And, much smaller, is Foursquare’s board, which is the trio of co-founder and CEO Dennis Crowley, co-founder Naveen Selvadurai and Union Square Ventures’ Albert Wenger.

New investors–Ben Horowitz of Andreessen Horowitz and O’Reilly AlphaTech Ventures’ Bryce Roberts–have observer status and both are, needless to say, dudes.

There is no question it is tough to make sure there is a good balance of qualified women leaders to men in tech–it is an issue we wrestle with every single year for the program of speakers at our own All Things Digital conference, although we are most excellent on this issue on our Web site and conference staff.

But it can be done, especially at public tech companies. Google has two women on its board of nine directors; Yahoo has three of 10; even Oracle has two of a dozen.

But a grand total of zero at the leading companies of Web 2.0 is not just a coincidence.

It’s a shame.

Tomorrow, BoomTown will post a list of great women who would be superb directors for any of these companies, but until then, let’s not follow in Spanky’s steps:

SB Nation, the Washington, D.C.-based sports blog and news start-up, has just completed a $10.5 million Series C round, which is being led by Khosla Ventures, according to sources.

SB Nation has already raised about $13 million in total venture funding from Accel Partners, Allen & Company and Comcast Interactive Capital, as well as from angel investors such as Ted Leonsis and others in Silicon Valley.

Accel and Comcast will also be participating in the new funding, sources said.

People familiar with the situation said SB Nation’s post-investment valuation, after its most recent round last summer, was about $30 million, making the new one at least double–if not triple–that.

The big new investment is predicated on the boom in traffic to sports blogs, such as SB Nation, which recently launched 21 regional sports sites.

With a mix of professional and user-generated content aimed at engaging passionate fans, SB Nation now has 290 topical sites and real-time content–all with a big dollop of social tools to spur online conversations and engagement.

While it has been around since 2003, founded by Daily Kos’s Markos Moulitsas and others, the start-up has been aiming more recently, under the leadership of former AOL exec Jim Bankoff, at the sweet spot of local sports coverage in newspapers.

The new funds will be used to fuel growth, enabling more investment in SB Nation’s technology platform, its bloggers, mobile, local, advertising sales and a few relevant acquisitions.

Here is a video interview BoomTown did in May with Bankoff about where SB Nation was headed:

]]> http://allthingsd.com/20101108/sb-nation-raises-10-5-million-in-khosla-ventures-led-series-c-round/feed/ 2 http://allthingsd.com/20100525/happy-25th-birthday-aol-love-snarky-boomtown/ http://allthingsd.com/20100525/happy-25th-birthday-aol-love-snarky-boomtown/#comments Tue, 25 May 2010 16:15:16 +0000 Kara Swisher http://kara.allthingsd.com/?p=28805

Here’s a video BoomTown did in honor of the 25th anniversary of the founding of AOL.

I had to miss the party back East yesterday, as I am prepping for the eighth D: All Things Digital conference–where, in fact, both AOL’s first CEO, Steve Case, and its current one, Tim Armstrong, will be interviewed onstage.

Instead, I did this video, which is inspired from an email Case sent to me recently calling me “Miss Snarky.”

While that’s completely accurate, I decided to have a little fun, all with the goal of feting AOL–which really does deserve much praise for its pioneering and innovative efforts to introduce the Internet to mainstream consumers without the snobbery so typical of Silicon Valley techies toward regular people.

The video aired yesterday during the events on the Dulles, Va., campus of AOL. Original execs Steve Case, Jim Kimsey and Ted Leonsis were there, along with about 500 AOL alumni.

AOL also dedicated three campus buildings: Dulles Main is now known as the Steve Case Center; CC2 is now known as the James Kimsey Center; and CC1 is now known as the Ted Leonsis Center.

Birthday events for AOL continue this week in New York.

So, here’s my video, as well as another video of an odd gathering of musical artists wishing AOL (AOL) happy birthday:

]]> http://allthingsd.com/20100525/happy-25th-birthday-aol-love-snarky-boomtown/feed/ 4 http://allthingsd.com/20100504/lets-go-to-the-videotape-sb-nations-jim-bankoff-speaks/ http://allthingsd.com/20100504/lets-go-to-the-videotape-sb-nations-jim-bankoff-speaks/#comments Tue, 04 May 2010 15:30:55 +0000 Kara Swisher http://kara.allthingsd.com/?p=27973 While in Washington, D.C., recently, I paid a visit to Jim Bankoff, who is now helming a fascinating start-up called SB Nation, a fast-growing sports blog and news platform.

With over 200 individual communities, it’s a mix of professional and user-generated content aimed at engaging passionate fans.

A former AOL (AOL) exec, Bankoff (pictured here) has worked on such products as TMZ.com, Moviefone, MapQuest and Netscape, as well as its AIM and ICQ messaging offerings.

After that, he became a senior adviser to Providence Equity Partners.

SB Nation has raised about $13 million in total venture funding from Accel Partners, Allen & Company, Comcast Interactive Capital, as well as angel investors such as Ted Leonsis and others in Silicon Valley.

People familiar with the situation said SB Nation’s post-investment valuation, after its most recent round last summer, is about $30 million.

SB Nation has used its funding to grow like gangbusters, especially since Bankoff arrived in late 2008 as chairman and CEO.

While it has been around since 2003, founded by DailyKos’s Markos Moulitsas and others, the start-up has been aiming more at the sweet spot of local sports pages, especially as newspapers have become weaker.

Here’s the video of my interview with Bankoff, as well as a tour of its D.C. HQ:

]]> http://allthingsd.com/20100504/lets-go-to-the-videotape-sb-nations-jim-bankoff-speaks/feed/ 2 http://allthingsd.com/20100429/social-e-commerce-goes-into-overdrive-livingsocial-raises-another-14-million/ http://allthingsd.com/20100429/social-e-commerce-goes-into-overdrive-livingsocial-raises-another-14-million/#comments Thu, 29 Apr 2010 11:30:29 +0000 Kara Swisher http://kara.allthingsd.com/?p=27847

Could the social group-buying space get any frothier?

Well, yes, it could.

After the recent $135 million funding of Groupon that valued the Chicago start-up at upwards of an eye-popping $1 billion, rival LivingSocial announced to today that it had raised a more modest $14 million in a Series C round.

The Washington, D.C. start-up had raised $25 million in a Series B venture financing only a month ago. And it raised $10 million on top of that since 2008.

Sources estimated the valuation for LivingSocial is several hundred million dollars now.

The newest round was led by Lightspeed Venture Partners; Earlier investors U.S. Venture Partners, Grotech Ventures and Steve Case’s Revolution are also participating.

Ironically, Case’s former No. 2 at AOL (AOL), Ted Leonsis has been an early investor in Groupon.

LivingSocial said it will use the new pile of cash to expand to dozens of new markets, adding it was launching four new cities now: Portland, Orange County, Charlotte and Philadelphia.

It now operates in 18 cities across the country.

For those in Silicon Valley who do not consider these prices for all these social e-commerce sites high at all, BoomTown is here to tell you that in the real world the figure is not actually modest, except in comparison.

But LivingSocial will need every penny if it is to compete with Groupon and a growing spate of competitors in the local space, much as is also happening in the social status update arena.

The local outcome for most will inevitably be a sale to a big Internet company like Amazon (AMZN).

Or oblivion, especially since so many similar offerings makes the whole market confusing for both local businesses and customers

In general, most offer a daily deal with a huge discount on a wide range of products and services–from spas to skydiving–in dozens of U.S. cities, for large groups of potential buyers on the Web, through email or via social networking sites like Facebook and Twitter.

Using social tools, the idea is use collective buying power to get low prices and push customers to local businesses.

If a deal reaches the number of buyers it needs, which can be in the thousands, these services sell vouchers to the consumers and collect a hefty fee for the sale from the businesses it sends customers to.

The plus for many small businesses is to get a crack at a lot of new consumers–think of it as social networking lead-generation.

This kind of thing has been tried before, of course, centering on consumers who group together to get discounts on items by purchasing in bulk.

In Web 1.0, there were many group-buying sites, most of which failed badly. One of the more high-profile ones, Mercata, received $90 million in funding from investors, including Paul Allen’s Vulcan Ventures.

No matter in 2010!

That’s due to the VC frenzy going on, spurred by winner-take-all theories–Groupon, for example, got most of its recent mountain of cash from champion Russian overspenders, Digital Sky Technologies.

However it turns out, here is LivingSocial’s official press release:

LivingSocial Raises $14 Million Series C Round Led by Lightspeed Venture Partners; Launches in Portland, Orange County, Charlotte and Philadelphia

Company Also Begins Offering Hyperlocal Deals in Seattle Area–Users Can Now Get Deals Even Closer to their Homes

$14 Million Round Comes on Heels of $25 Million Series B Announcement Last Month

Washington D.C., April 29, 2010–LivingSocial, the social commerce leader behind LivingSocial Deals and top Facebook applications Visual Bookshelf and Pick Your Five, today announced that it has completed a $14 million Series C round of venture funding led by Lightspeed Venture Partners, with U.S. Venture Partners, Grotech Ventures and Steve Case’s Revolution, LLC participating. Because of the rapid growth, and high user demand, LivingSocial will use the capital infusion to expand into additional markets–bringing Deals to dozens more cities throughout the U.S. in 2010. This additional funding comes on the heels of the company’s recent $25 million Series B round announced last month.

“We’ve known and admired the LivingSocial team for a long time, and I have bought many of their terrific local offers. They’ve done an excellent job of growing their user base through smart media buying and excellent knowledge of social channels and virality,” said Jeremy Liew, managing director of Lightspeed Venture Partners. “With this financing round, LivingSocial is very well positioned to bring their great offers to even more people.”

LivingSocial is also launching its Deals program in four new markets: Portland, Orange County, Charlotte and Philadelphia. This brings LivingSocial live in 18 cities across the country with major plans to expand to dozens of markets throughout the year.

“We’re constantly receiving requests from our users to expand and launch in their markets, and this recent funding round will allow us to do just that,” said Tim O’Shaughnessy, CEO and co-founder of LivingSocial. “We’re really excited to introduce LivingSocial to Portland, Orange County, Charlotte and Philadelphia to continue generating huge savings for our users and even bigger returns for our merchants.”

LivingSocial users throughout the country saved an average of more than $32 each in March, and have saved tens of millions of dollars since the launch of Deals in 2009. By signing up for LivingSocial’s free daily online service, people are saving an average of 50-70% at their favorite places, such as the hottest local restaurants, spas, sporting events, hotels, and other local attractions.

Because LivingSocial wants to give consumers more availability to the program, the company is launching hyperlocal deals for the Seattle area. Now consumers in areas like Tacoma and Bellevue will start getting deals targeted to their location, in addition to Seattle proper. Hyperlocal deals not only help more consumers explore new things in their city, but these deals also provide merchants with a greater opportunity to reach local audiences on the LivingSocial Deals platform.

LivingSocial is now live in 18 markets including: Washington, D.C., New York City, Boston, Atlanta, Austin, Seattle, San Francisco, Los Angeles, the Twin Cities, Chicago, Raleigh Durham, Denver, San Diego, the San Fernando Valley, Portland, Orange County, Charlotte and Philadelphia. Dozens of additional cities are expected to roll out in the coming months. For more information or to sign up your city, go to http://livingsocial.com.

]]> http://allthingsd.com/20100429/social-e-commerce-goes-into-overdrive-livingsocial-raises-another-14-million/feed/ 3 http://allthingsd.com/20100427/welcome-back-steve-apple-ceo-jobs-will-appear-onstage-at-d8/ http://allthingsd.com/20100427/welcome-back-steve-apple-ceo-jobs-will-appear-onstage-at-d8/#comments Wed, 28 Apr 2010 00:01:30 +0000 Kara Swisher http://kara.allthingsd.com/?p=27776

Apple (AAPL) CEO and Co-founder Steve Jobs will appear at the eighth D: All Things Digital, in an interview on the opening night, kicking off our tech and media conference that will also include famed Hollywood director James Cameron, Microsoft CEO Steve Ballmer and Facebook CEO Mark Zuckerberg, among others.

(Jobs is pictured above at D5 in 2007.)

Jobs has been onstage many times at D, including in a famous joint session with Microsoft (MSFT) Co-founder Bill Gates. In the interview, which was conducted by Walt Mossberg and me, the pair of tech legends talked about their long history in the industry (you can see the video of that interview below).

There is much to talk to Jobs about, obviously, including the new iPad, the mobile market and the iPhone, its tense relationship with Google (GOOG) and the next innovations from the Silicon Valley computer icon.

It should be a news-filled year at D. Also onstage: Ballmer, who is appearing with the software giant’s chief software architect Ray Ozzie. In addition, Cameron will discuss the impact of tech on the film industry and his mega-hit movie “Avatar.”

Also onstage: Steve Burke, COO of Comcast (CMCSK), which recently purchased NBC Universal; Federal Communications Commission Chairman Julius Genachowski; former AOL (AOL) leaders Steve Case and Ted Leonsis; Peter Chou, CEO of HTC, which is embroiled in an ugly legal fight with Apple; John Donahoe, president and CEO of eBay (EBAY); former Hewlett-Packard (HPQ) CEO Carly Fiorina, who is now a candidate for U.S. Senate in California; Paul Jacobs, CEO of Qualcomm (QCOM); Jeffrey Katzenberg, CEO of DreamWorks Animation SKG; Alan Mulally, CEO of Ford (F); Richard Rosenblatt, co-founder, chairman and CEO of Demand Media, in a session with Editor-in-Chief, President and CEO Paul Steiger of ProPublica; Vivian Schiller, president and CEO of National Public Radio; and, last but hardly least, Zuckerberg of Facebook (yes, Mark, there will be a question about competition you’ll need to answer–and not via a question about the question either–be prepared!).

We also have a few more speakers to announce, so stay tuned.

Here is the Jobs-Gates video from 2007:

And here’s our official press release:

STEVE JOBS, JAMES CAMERON AND STEVE BALLMER TO SPEAK AT THE EIGHTH ANNUAL “D: ALL THINGS DIGITAL” CONFERENCE

NEW YORK (April 27, 2010)–All Things Digital today announced the speaker lineup for the eighth D: All Things Digital, The Wall Street Journal executive conference that will be held from June 1-3, 2010 near Los Angeles, Calif.

Apple CEO Steve Jobs will be this year’s opening-night speaker, Microsoft CEO Steve Ballmer will make his fourth appearance and “Avatar” director James Cameron will appear onstage at D for the first time on the annual event’s second night.

Founded by co-producers Walt Mossberg and Kara Swisher in 2003, the D conference is a gathering of the most influential figures in media and technology. Each year, Mossberg and Swisher put these top players to the test onstage during unrehearsed, unscripted conversations. The results are candid, entertaining sessions that provide glimpses into the strategies of the industry’s most creative thinkers.

D8 will also showcase leading executives from the mobile, digital, media, automotive and political arenas including:

• Steve Burke, COO of Comcast
• Steve Case, Chairman and CEO of Revolution
• Peter Chou, CEO of HTC
• John Donahoe, President and CEO of eBay
• Carly Fiorina, Candidate for U.S. Senate, California
• Julius Genachowski, Chairman of the FCC
• Paul Jacobs, CEO of Qualcomm
• Jeffrey Katzenberg, CEO of DreamWorks Animation SKG
• Ted Leonsis, Vice Chairman Emeritus of AOL, Chairman of Revolution Money and Owner of Washington Capitals
• Alan Mulally, CEO of Ford
• Ray Ozzie, Chief Software Architect of Microsoft
• Richard Rosenblatt, Co-Founder, Chairman and CEO of Demand Media
• Vivian Schiller, President and CEO of National Public Radio
• Paul Steiger, Editor-in-Chief, President and CEO of ProPublica
• Mark Zuckerberg, Founder and CEO of Facebook

Live blogs and photos from each session will be available on AllThingsD.com during each interview, with video highlights posted shortly afterwards.

The D conference has been sold out since January. For more information, full D coverage and video of past conferences including the historic joint appearance by Steve Jobs and Bill Gates at D5, see http://allthingsd.com/d/.

D8 is sponsored by AMD, Houlihan Lokey, Juniper Networks, Microsoft, NYSE Euronext, Qualcomm and Thomson Reuters.

]]> http://allthingsd.com/20100427/welcome-back-steve-apple-ceo-jobs-will-appear-onstage-at-d8/feed/ 12 http://allthingsd.com/20100119/a-sneak-peek-at-ted-leonsis-new-book-the-business-of-happiness/ http://allthingsd.com/20100119/a-sneak-peek-at-ted-leonsis-new-book-the-business-of-happiness/#comments Tue, 19 Jan 2010 13:24:25 +0000 Kara Swisher http://kara.allthingsd.com/?p=23198

This weekend, BoomTown got hold of a new book by former AOL exec and longtime entrepreneur Ted Leonsis, which it set to be released on Feb. 8 by Regnery Publishing.

Titled “The Business of Happiness: 6 Secrets to Extraordinary Success in Life and Work,” Leonsis penned the book with former AOL PR head John Buckley.

And like the ebullient Leonsis, its entertaining fulcrum is a list he often talks about, one he made after a scary plane experience 25 years ago of the 101 things he wanted to achieve before he died.

“At the time, I thought that ticking items off my list would make me happy,” he writes in the book’s introduction.

It seems to have worked, he notes. “I’ve found that actively pursuing happiness seems to be a driver of success.”

In the second part of the book, Leonsis offers advice to others on how to get to happiness and success the Ted way.

But I especially enjoyed the first part, in which Leonsis tells his story–from humbling beginnings to college at Georgetown University to his start in the tech industry at Wang to his first successful forays into entrepreneurship.

Eventually, one of his start-ups–Redgate Communications–was bought by Steve Case of AOL.

Leonsis writes about this roller-coaster ride at AOL, which had as many downs as ups–with one of its down-est downs being its moment of glory: The merger with Time Warner (TWX).

“Let me state for the record: I was passionately opposed to the merger with Time Warner,” he writes. And he was.

For the most part in the book, Leonsis is probably kinder to the principals on all sides than is warranted.

But–for those who know him well–this is due more his glass-full nature than trying to be willfully opaque about what is now widely considered the worst U.S. business alliance in history.

And Leonsis does correctly point out one of the merger’s main screw-ups–the inability, due to internal politics, to sell AOL broadband over Time Warner’s powerful cable system.

It is also no surprise that Leonsis takes the AOL side, painting a picture of obstructive Time Warner execs more obsessed with Wall Street than creating great products.

Writes Leonsis:

“It was no longer, ‘What great product did we release this week?’ Everything–everything–was about whether we were going to send enough money to New York to help our new corporate parent meet its $11 billion EBITDA number and generate cash flow to pay off Time Warner’s debts. I remember coming out of meetings and saying to people, ‘We could be making nuclear power plants, for all you could tell from that meeting.’”

In the end, the Time Warner forces won out over those from AOL and Leonsis found that he was the last man standing, this time with new CEO Jon Miller.

With Miller, Leonsis slogged on at AOL, trying to move its prospects forward, but that also ended in tears.

Miller–who is now digital head at News Corp. (NWS)–got unfairly canned by Time Warner.

Unhappy with the new exec team–which was later tossed out too–Leonsis left in 2007.

AOL (AOL) has recently been spun out of Time Warner, with former Google (GOOG) exec Tim Armstrong at the helm.

And Leonsis has also moved on–becoming even more involved with his sports teams, forays into filmmaking and investing in new start-ups (sometimes with Case)–and carving out what seems to be a pretty happy life.

At the end of his book, Leonsis publishes his list and shows what he has checked off and what he has not.

He seems to have made a big dent in it, although he still needs to win a world championship and go into outer space. Also get a hole-in-one.

Not that I am keeping track, Ted, but you better get cracking.

And, to get a taste of Ted’s infectious style, here’s an interview with him I did in Silicon Valley in 2008, in which he mentions happiness a lot:

]]> http://allthingsd.com/20100119/a-sneak-peek-at-ted-leonsis-new-book-the-business-of-happiness/feed/ 5 http://allthingsd.com/20091118/amex-to-buy-cases-revolution-money/ http://allthingsd.com/20091118/amex-to-buy-cases-revolution-money/#comments Wed, 18 Nov 2009 16:04:34 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=29296 AOL moguls Steve Case and Ted Leonsis are smiling into their cornflakes this morning. Moments ago, American Express (AXP) announced plans to acquire Revolution Money, the online payments outfit they’ve been working on since 2007, for about $300 million. A nice exit for Revolution, which was valued at less than $200 million during its last funding round earlier this year.

A savvy move for Amex, too. Though Revolution competes against entrenched credit-card companies and PayPal, among others, its alternative payment system, which reduces costs for accepting credit cards by up to 75 percent, is quite attractive to merchants who’ve shouldered those costs for so long.

Says JP Morgan analyst Imran Khan: “While it is hard to know precisely what direction AmEx plans to take the Revolution assets, we think the acquisition suggests the company is trying to be more aggressive in the online payments arena. We think PayPal’s existing account base and international footprint have given it a network advantage in the C2C space that is hard to dislodge. On the other hand, we believe significant room exists for market share gains in Online Payments by companies that offer innovative solutions, and this acquisition gives Revolution Money a stronger backer.”

]]> http://allthingsd.com/20091118/amex-to-buy-cases-revolution-money/feed/ 0 http://allthingsd.com/20090923/aol-readies-board-picks-for-spin-off-while-holding-off-search-suitors-plus-boomtown-director-picks/ http://allthingsd.com/20090923/aol-readies-board-picks-for-spin-off-while-holding-off-search-suitors-plus-boomtown-director-picks/#comments Thu, 24 Sep 2009 04:01:35 +0000 Kara Swisher http://kara.allthingsd.com/?p=18784

According to sources close to the situation, AOL has been busy selecting the board for the company, which is still set to spin itself off by year’s end–even as it slows down a decision on a new search deal with either current partner Google or a more emboldened Microsoft.

AOL is using Spencer Stuart in the search for directors, led by well-known headhunter Jim Citrin, sources said, and the company has already settled on several outside candidates.

The final board is likely to have about 10 members, and up to a dozen.

At least one of those seats will go to CEO Tim Armstrong, with one or two more claimed by its current corporate owner, Time Warner (TWX).

AOL and Time Warner made their own wish list of potential directors earlier this year, but some people are also lobbying the company to join the board.

BoomTown is working on discovering all those names, but sources added that the candidates being looked at are a mix of personalities culled from the media, advertising and Web worlds.

Among the key attributes: More presumably fast-forward and innovative Silicon Valley types that can help burnish AOL’s tarnished tech cred.

Here are some of my picks:

Facebook COO Sheryl Sandberg, Guitar Hero CEO Dan Rosensweig, WordPress founder Matt Mullenweg (actually, AOL should buy the start-up), eBay (EBAY) CEO John Donahoe, LinkedIn Chairman Reid Hoffman or CEO Jeff Weiner, Juniper Networks (JNPR) CEO Kevin Johnson, Netflix (NFLX) CEO Reed Hastings, and former AOL iconic exec Ted Leonsis.

And, just for fun, News Corp. (NWS) digital don (and ousted former AOL head) Jon Miller or former Yahoo President Sue Decker.

(I might also add former AOL exec, Netscape co-founder and all-around entrepreneur Marc Andreessen, but if he joins another tech/Web board, he is going to get splinters.)

That’s because Armstrong has set a strategy centered around the turbocharging of online content, powered by a more flexible platform and paid for by goosing AOL’s graphical advertising business.

This puts the online icon–once a powerhouse and now not so much, having operated inside Time Warner since its merger early in this decade–in more serious competition with Yahoo (YHOO).

Yahoo now dominates content on the Web, with powerful news, sports and finance sites, and has recently been trying to reinvigorate its brand. This week, it launched a new marketing campaign with the motto, “It’s Y!ou.”

Yahoo also recently struck a search technology and advertising partnership with Microsoft (MSFT), which has now aimed its efforts at AOL.

According to sources, Microsoft execs have been aggressively courting AOL to switch its search business from Google (GOOG).

The search behemoth has long been AOL’s partner in what sources at both companies said has been a productive and lucrative relationship.

Armstrong is also a former top exec at Google, which many at the company hope will further cement its chances.

And while the renewal of that deal does not officially need to be struck until late next year, sources add that Google has already prepared and offered what it considers an attractive new deal for AOL.

But, much to Google’s chagrin, with a focus on the spinoff and preparations for some more cost-cutting in the months ahead, AOL has decided not to accept it yet and is not likely to anytime soon.

While hedging the situation in a recent video interview with MediaMemo’s Peter Kafka, Armstrong has also recently met with Microsoft execs, sources said, who have discussed a number of partnership options with him, including a tighter relationship with its MSN content properties.

“There’s no need to rush, especially since there is already a lot on AOL’s plate,” said one source close to the situation. “And, since it has options, AOL is going to take time considering them.”

(For more on Armstrong’s thinking, here’s a link to another video interview I did with Armstrong while both of us were in Germany today, in which he talked about the ad market and AOL’s strategy, but was cagey about being more specific.)

Please see this disclosure related to me and Google.

]]> http://allthingsd.com/20090923/aol-readies-board-picks-for-spin-off-while-holding-off-search-suitors-plus-boomtown-director-picks/feed/ 0 http://allthingsd.com/20090716/former-aoler-jim-bankoff-scores-7-million-for-local-sports-start-up/ http://allthingsd.com/20090716/former-aoler-jim-bankoff-scores-7-million-for-local-sports-start-up/#comments Thu, 16 Jul 2009 22:51:37 +0000 Kara Swisher http://kara.allthingsd.com/?p=15897

Jim Bankoff–the well-regarded former AOL exec who runs an online sports news network called SB Nation–has nabbed $7 million in funding from investors to grow the company, including Comcast Interactive Capital, said sources.

There was also a Securities and Exchange Commission document filed on the transaction today, under the name Sportsblogs Inc., which you can see here.

The SEC filing noted that the money invested was $7.95 million. But sources said that the nearly million-dollar difference is for giving cash to early employees and founders and will not be used to fund SB Nation.

People familiar with the situation said SB Nation’s post-investment valuation, after this second round, will be $30 million and also include previous investors, such as Accel Partners and Allen & Co.

Its first round–which also included several prominent angel investors, such as former AOL exec Ted Leonsis and LinkedIn CEO Jeff Weiner–was $5 million.

SB Nation has used that investment to grow like gangbusters over the last year, especially since Bankoff arrived last fall as its chairman and CEO.

Depending on which survey service you reference, the site has between four and seven million unique visitors a month.

It has done distribution deals with Internet giants like Yahoo (YHOO) to goose that growth.

While it has been around since 2003, founded by DailyKos’s Markos Moulitsas and others, the Washington, D.C.-based start-up has been aiming more at the sweet spot of local sports pages, especially as newspapers have become weaker.

SB Nation also covers national sports, using a community network of blogs, analysis and news.

Comcast Interactive Capital, which is the venture arm of Comcast (CMCSA), will also get a board seat for David Zilberman.

Bankoff (pictured here) was a longtime AOL exec, ultimately in charge of programming and products there. He worked on such products as TMZ.com, Moviefone, MapQuest and Netscape, as well as its AIM and ICQ messaging offerings.

After he left the Time Warner (TWX) online unit, he became a senior adviser to Providence Equity Partners. Bankoff still has that role, but has been working full-time at SB Nation for a year.

]]> http://allthingsd.com/20090716/former-aoler-jim-bankoff-scores-7-million-for-local-sports-start-up/feed/ 1 http://allthingsd.com/20090321/weekend-update-32109-march-madness-edition/ http://allthingsd.com/20090321/weekend-update-32109-march-madness-edition/#comments Sun, 22 Mar 2009 00:10:23 +0000 Beth Callaghan http://digitaldaily.allthingsd.com/?p=15156 Technically, the term refers to the frenzied flow of games and the intensity of the contenders for the NCAA Championship crown. But the NCAA doesn’t have a corner on “March Madness”–those descriptors work well in other instances, too. To wit:

BoomTown posted from various spots in Europe this week, yet managed to follow the geek-tastic goodness of Silicon Valley’s own contender, Apple (AAPL) co-founder Steve Wozniak, who competed while injured this week on “Dancing With the Stars”–and escaped elimination via the love of viewers in Silicon Valley and elsewhere. Another founder made the headlines this week–BoomTown noted that Steve Case appeared at a huge pep rally at Time Warner’s (TWX) AOL. Case and former AOL exec Ted Leonsis gave their support (and a lucky green tie) to new CEO Tim Armstrong. Elsewhere, Pure Digital, the maker of BoomTown’s favorite gadget–the ever-present Flip digital video camera–sold itself to Cisco (CSCO) for $590 million in stock, and BoomTown urged Silicon Valley to remember it’s not immune to the recession, to put its nose to the grindstone and to avoid party-hearty inanity.

Guess no one’s taking heed of the warning, though: MediaMemo reports that no one’s getting anything done at work–CBS (CBS) says its March Madness Web traffic is up 57 percent compared to last year. On top of that, television viewership rose various percentages throughout the week. MM wasn’t watching much basketball this week, though–there was plenty to blog about: The New York Times (NYT) cracked down on unauthorized use of its photos; Discovery Communications (DISCA) announced a patent infringement suit against Amazon and its Kindle Reader; Palm (PALM) delivered dismal third quarter results, putting even greater pressure on the success of the Pre; and in a Q&A with BusinessWeek editor Stephen Adler, Steve Ballmer said he’s open to a phone call from Yahoo (YHOO) CEO Carol Bartz whenever she’s ready to talk. Oh, and in case you were wondering what happened at SXSW, MediaMemo got a Google (GOOG) guy to explain it.

Digital Daily’s March Madness started with a liveblog of Apple’s St. Patrick’s Day press event to unveil version 3.0 of its iPhone OS, a chronicle of the myriad features displayed onstage and a live photoblog to back it up. DD noted that sales of the iPod touch and iPhone have outstripped RIM’s (RIMM) combined BlackBerry sales by a factor of… well, by a LOT. Kind of supports the data that say mobile Web use doubled over the last year. Which is good, because Mac sales were no good in February.

In Personal Technology, Walt Mossberg reviewed the latest release of Microsoft IE8 (MSFT), its most comprehensive release in many years. His verdict? Mixed, of course. In Mossberg’s Mailbox, Walt talked to readers about the many models of BlackBerry phones and how they differ from one another, the new iPod shuffle and its earphone compatibility and upgrading Vista to Windows 7. In the Mossberg Solution, Katie Boehret reviewed the Ee Top, Asus’s first foray into the all-in-one PC market.

More next week. Go Woz!

]]> http://allthingsd.com/20090321/weekend-update-32109-march-madness-edition/feed/ 0 http://allthingsd.com/20090317/google-names-company-vet-dennis-woodside-to-replace-tim-armstrong-as-ad-lead/ http://allthingsd.com/20090317/google-names-company-vet-dennis-woodside-to-replace-tim-armstrong-as-ad-lead/#comments Tue, 17 Mar 2009 23:16:09 +0000 Kara Swisher http://kara.allthingsd.com/?p=11028

That was fast.

Longtime–well, five years, which is a dog’s age at the search giant–Google sales exec Dennis Woodside (pictured here) will become VP, Americas Operations, replacing outgoing exec Tim Armstrong, who was named chairman and CEO of Time Warner (TWX) online unit AOL last week.

Woodside, 40, will start in the next few weeks, said Google (GOOG) in an internal communication about the appointment, as Armstrong transitions from Google to AOL. It is the key advertising sales job at Google.

Armstrong has already been hard at work at AOL, in fact, leading an employee rally today at its former HQ in Dulles, Viriginia, which included former AOL execs Steve Case and Ted Leonsis.

(And he will hold a similar meeting at AOL’s New York office tomorrow, BoomTown has been told. But let’s hope he does not roll out, say, former Time Warner CEO Jerry Levin, which would be taking this old-home-week stuff too far!)

While Woodside is a well-known exec within Google, his name was not as prominent in the speculation about which internal Googler would be named by CEO Eric Schmidt to replace the well-known Armstrong.

Wrote MediaMemo’s Peter Kafka last week, for example, when the Armstrong departure was announced:

“According to a (very informal) flash poll of Googlers, ex-Googlers and Google competitors I conducted last night, the answer should be obvious: David Rosenblatt, the former Doubleclick CEO, who now runs Google’s display business.”

Woodside will also have a slightly lesser title than Armstrong, who was a corporate SVP, was president of the America Operations and was also on Google’s powerful operating committee.

But that’s part of the changes, mentioned in a long statement by even bigger sales boss Omid Kordestani, SVP, Global Sales & Business Development, to whom Woodside will report (the key graph is the last one, although the golf dig is funny):

In the five and a half years that Dennis has been at Google (that’s over half our company’s lifetime) he’s brought incredible integrity and entrepreneurialism to everything he’s done. I remember Dennis setting off from Mountain View in 2005, a year and a half after he joined, to start our direct sales operations in Eastern Europe, which he quickly transformed into a substantial part of our business. He also set up our Inside Sales Operations in Dublin – again building it from scratch. In September 2006, he became our Vice President for the UK, Ireland and Benelux where he’s helped to create a first class team as well as establish very positive relationships with our big partners on both the advertiser and agency side, including 02, Marks & Spencer, Amazon and Omnicom.

Ever since I met Dennis in 2003, I have been impressed by his combination of entrepreneurialism and operational excellence. He’s never afraid to try new things and always ready to roll up his sleeves and pitch in–whether it means moving his desk to sit with the UK DSO team to see the operations first hand, or being the customers’ advocate internally to help product and engineering better understand market trends. Outside work he loves to do triathlons–though I would only recommend training with him if you don’t mind being out-run (if you are looking to beat him, try golf).

While we are all sorry to see Tim move on, change always brings new opportunities. We believe it’s now time not just to roll-out globally the best practices from the different regional sales teams–the Americas, EMEA and Asia Pacific–but also to tailor our business strategies more closely to the different situations we face in different countries (more mature versus less mature markets).

]]> http://allthingsd.com/20090317/google-names-company-vet-dennis-woodside-to-replace-tim-armstrong-as-ad-lead/feed/ 2 http://allthingsd.com/20090317/hes-baaaaaack-steve-case-reemerges-at-aol/ http://allthingsd.com/20090317/hes-baaaaaack-steve-case-reemerges-at-aol/#comments Tue, 17 Mar 2009 16:10:17 +0000 Kara Swisher http://kara.allthingsd.com/?p=11011

As BoomTown reported earlier today, AOL was abuzz with the rumors that former execs from the online service’s glory days, including still controversial former CEO Steve Case (pictured here), might make an appearance at a huge staff pep rally called by its new CEO Tim Armstrong.

And so Case did show up in front of a cheering crowd this morning, along with former AOL vice chairman Ted Leonsis.

Considering that many at Time Warner (TWX), which owns AOL, still harbor resentment towards Case about the disastrous merger between it and AOL a half-decade ago, the move is groundbreaking for the troubled online service and perhaps a sign that it is finally time to move forward.

In related news, Sasquatch will appear on the Time Warner-owned CNN’s “Larry King Live” show tonight.

The appearance by Case took place on AOL’s former HQ in Dulles, Virginia, on the tented lawn of the sprawling campus for the company, which only a decade ago was the dominant online powerhouse.

The event was broadcast to the AOL empire worldwide, reaching thousands of employees, and included all of AOL’s top execs and several from Time Warner, such as General Counsel Paul Cappuccio and CFO John Martin.

Leonsis, who gave a “lucky” green tie to Armstrong, engendered cheers as he spoke of the importance of change.

But it was Case’s entry that was a shock to the standing-room only audience of 1,000. He told the crowd that he would be a “cheerleader on the sidelines” for AOL.

Both Case and Leonsis talked about putting the past behind the service–and there is a lot of past to put behind, I might add, between AOL and the media giant–and were very supportive of Armstrong.

Armstrong, who was a key advertising exec at Google (GOOG), made the point of joking that Case and Leonsis were “on the payroll” at AOL again.

Armstrong focused mostly on AOL products, rather than its troubled history, employee morale and the importance of reviving the famous but tarnished brand.

And to get AOLers jazzed again about reviving the service, Armstrong asked rhetorically: “Are you committed to putting America back online?”

]]> http://allthingsd.com/20090317/hes-baaaaaack-steve-case-reemerges-at-aol/feed/ 4 http://allthingsd.com/20090316/how-to-juice-aol-a-spin-out-of-course-but-also-a-reunion-at-dulles-hq/ http://allthingsd.com/20090316/how-to-juice-aol-a-spin-out-of-course-but-also-a-reunion-at-dulles-hq/#comments Tue, 17 Mar 2009 01:32:45 +0000 Kara Swisher http://kara.allthingsd.com/?p=10997

As soon as he got his new job last week, new AOL Chairman and CEO Tim Armstrong sent out a rather hopeful email to the troops–his first communication as the latest leader of the ragtag online service.

“I’m really looking forward to seeing you and would love to hear your thoughts and suggestions,” wrote the former Google (GOOG) exec Friday (who alarmingly kind of resembles this Elvis image), “on how to make AOL and its sister properties the most powerful brands on the Internet.”

Well, one can hope!

To goose that dream, although he still does not officially start in the job until April 7, Armstrong is also addressing all the troops tomorrow at 11 am EST and has chosen to do so from, of all places, AOL’s old center of power in Dulles, Virginia.

AOL staffers I spoke to also hope most of all that Armstrong will quickly and transparently lay out plans for a spin-out of the Time Warner (TWX) online unit from the media conglomerate, where it has languished for years.

“Armstrong would not have taken the job if the plans for a spin out of AOL were not in place and it’s in everyone’s interests to signal that it’s a go right away,” said one source close to the situation. “The only catch is the poor economy, but even that should not prevent Time Warner from doing what’s right to finally fix AOL.”

And sources said Armstrong could further up the ante tomorrow and help raise the layoff-weary morale by having some former AOL execs from its glory days as the top online player in person at the event.

Several sources said one exec most likely to make an appearance is Ted Leonsis (pictured here), one of AOL’s most colorful top early execs and a longtime inspirational figure within its ranks.

Unlike most AOL execs from those days, many of whom were eventually run out on a rail, Leonsis also stayed on through its disastrous merger with Time Warner and beyond.

But, like all of the Dulles complex–which was once the bustling worldwide HQ for AOL–Leonsis finally left the company, after a falling out with the management regime that Armstrong just hipchecked out of power. He is now AOL’s vice chairman emeritus.

Both CEO Randy Falco and President Ron Grant moved AOL’s locus largely to New York, and minimized the staff and influence at Dulles, where most of AOL’s products have been made since its origins in the early 1990s.

“It’s a smart move to go to [the Dulles staff] directly first…the last regime pretty much shut them out…and that created bitterness, when we need to be unified,” wrote one AOL insider to me in an email.

(Sidenote: As the AOL beat reporter at the Washington Post back then, I actually went with then-PR head Jean Case to look over what became the Dulles facility, to see if it would be a good place to expand to; previously, AOL was located in nearby Vienna, behind a car dealership.)

A Leonsis visit at AOL will be like old home week, although some are hoping too that former AOL CEO Steve Case could also make an appearance. He and Leonsis still make online investments together.

But that might still be deeply controversial within Time Warner, where Case and also former Time Warner CEO Jerry Levin are widely blamed for situation that the company found itself in when the Web 1.0 bubble burst and AOL’s once vaunted valuation collapsed.

Although Case and Time Warner CEO Jeff Bewkes have since moved on, bygones have not been bygones within Time Warner.

And, while it is often denied by top execs, AOL has suffered because of ill-hidden grudges, which have partly prevented it from being revived, even as other Internet giants have been born in the interim.

Ironically, many of the current crop of shooting stars owe a lot to the pioneering and innovative AOL products, including: its AIM and ICQ instant messaging services, which echo an early version of Twitter; the “Buddy List,” which was all about friending; and its deep social networking roots, with chat rooms and profiles that were the Facebook of its day.

The question for Armstrong is: Can AOL go home again?

]]> http://allthingsd.com/20090316/how-to-juice-aol-a-spin-out-of-course-but-also-a-reunion-at-dulles-hq/feed/ 4 http://allthingsd.com/20080930/clearspring-plus-addthis-but-does-that-add-up-to-a-real-business/ http://allthingsd.com/20080930/clearspring-plus-addthis-but-does-that-add-up-to-a-real-business/#comments Tue, 30 Sep 2008 11:45:05 +0000 Kara Swisher http://kara.allthingsd.com/?p=4585

In a move to dramatically increase its traffic and give it more tools to offer publishers, Clearspring Technologies said it will acquire AddThis, the top bookmarking and content-sharing tool on the Web.

As with many social-networking start-ups, whether this disparate traffic can be easily translated into a reliable revenue-generating business remains to be seen.

The McLean, Va.-based Clearspring–one of several widget networks seeking to connect publishers and advertisers with social tools by helping them embed small pieces of content across the Web and monetize that content–would not disclose the price it paid for the Princeton, N.J.-based AddThis.

My guess: A few million dollars in cash and maybe more in some kind of stock swap.

What exactly is Clearspring getting for this?

For starters, a tiny icon with a lot of popularity to help it toward its goal of being the universal sharing standard in the new socially-networked Web paradigm.

Clearspring claims the pair together will reach 20 billion views per month and more than 200 million unique visitors, noting it would now have a “worldwide audience comparable to the seventh largest Web property.”

While adding up such piecemeal traffic is not quite the same to advertisers as a major central Web site like Yahoo (YHOO), for example, AddThis is the most used tool for sharing Web pages through email or from Web site to Web site.

Its main competitors are ShareThis and Yahoo’s Del.icio.us, even though it has only a handful of employees.

Of course, that viral success around universal sharing might not mean massive revenue generation, even if it is a popular consumer tool.

But Ted Leonsis, chairman of the board at Clearspring, and CEO Hooman Radfar said revenue would come via advertising and, eventually, valuable data analytics the services collect about Web behavior.

Currently, said Leonsis, AddThis has negligible revenue and Clearspring has about $10 million in annual sales. Neither is currently profitable.

Nonetheless, Radfar said, “AddThis is the biggest small thing on the Web,” referring to its tiny icon that expands to offer users a choice of Internet sharing services and updating tools to a variety of social networks.

And indeed, AddThis icons are widespread across the Web, seen mostly at the bottom of content items on big sites like Time.com and MySpace.

While some question whether a big business can be created through such a far-flung network, Leonsis–one of the early execs at AOL in its glory days–said it was how the Web is evolving.

“If you said to me 10 years ago that you were going to be successful by sending people away from your site, I would have said you were crazy,” said Leonsis. “But that is what the Web is about now, and having a central network that can track this is important for advertisers.”

Well, we’ll see about that, but Clearspring certainly has a lot of money to try.

The company has received more than $35 million in funding since it was founded in 2004. Investors include former AOL head Steve Case, as well as the venture firm New Enterprise Associates.

Clearspring has about 100 employees.

]]> http://allthingsd.com/20080930/clearspring-plus-addthis-but-does-that-add-up-to-a-real-business/feed/ 1 http://allthingsd.com/20080716/snagfilms-finds-virtual-theaters-for-documentaries/ http://allthingsd.com/20080716/snagfilms-finds-virtual-theaters-for-documentaries/#comments Thu, 17 Jul 2008 01:02:02 +0000 Walter S. Mossberg http://ptech.allthingsd.com/20080716/snagfilms-finds-virtual-theaters-for-documentaries/ Thousands of feature-length documentary films are produced every year, but almost nobody gets a chance to see them. A few dozen are shown to small audiences at major film festivals, and a handful make it into theaters. For every blockbuster like “An Inconvenient Truth,” there are hundreds of documentaries that never find an audience.

Starting Thursday, however, there will be a new online service that aims to change all that. The service, called SnagFilms, allows anyone with a blog, a Web site, or even a page on a social-networking site, to open a virtual movie theater and show these documentaries, free. The virtual theater is a small widget that contains the film, and that can be embedded easily and quickly in a wide variety of popular social-networking services and blog platforms. No technical knowledge is needed.

Once a site or page owner “snags” a film in this way, visitors to the site can view it in a larger window that pops out from the widget. This window plays the film, displays some ads and provides links to charities or organizations related to the topic of the movie. The films can even be played in full-screen mode. Many also include links for buying a DVD of the film. All that’s missing is the popcorn.

These aren’t homemade, three-minute YouTube (GOOG) clips. Nearly all are feature-length, professionally produced documentaries, from both small independent filmmakers and well-known sources such as PBS and National Geographic.

The owner of the site or blog gets no direct revenue from posting the films. He or she is, in effect, donating space to support the film or the cause it highlights, a decision SnagFilms calls “filmanthropy.” But the filmmaker and SnagFilms do make money — splitting advertising revenue equally. And the charity or organization can make money, too, if viewers opt to donate. The filmmaker also can make money from DVD sales, paying SnagFilms an 8.5% commission.

I have been testing a prerelease version of the SnagFilms service and have posted SnagFilms widgets with no problems to Facebook, MySpace (News Corp), iGoogle, Netvibes, Blogger, Windows Live Spaces (MSFT) and Vox. Many more Web sites can house these widgets, including the vast number of blogs built on the popular WordPress and TypePad platforms.

Here’s how it works. You just go to the SnagFilms Web site at www.snagfilms.com, select one or more of the 250 or so films available at launch and click the snag button. A menu pops up that lists numerous popular networking services and platforms. Clicking one will automatically post the SnagFilms widget of your choice on your page or site at one of these services. You can also simply view the films at the SnagFilms site.

Each widget includes an “info” button that takes you to a page on the SnagFilms site giving the details and background on the film. You can also leave comments here, rate the film, order the DVD and see recommendations for related films.

The system is viral, so you don’t have to start at the SnagFilms site. A Web surfer who sees a SnagFilms movie anywhere on the Web can spread it around just by clicking the snag button on every widget. The snag button allows the viewer to either host the film or to email a link to the film that will bring friends to the SnagFilms site to view or snag it.

SnagFilms is the brainchild of Ted Leonsis, a former top executive at America Online (TWS), who in recent years has become a documentary-film producer. He became frustrated with the distribution bottleneck for such films and arranged to take over AOL’s documentary site, TrueStories, and turn it into SnagFilms. He also is chairman of the board of a company, Clearspring, which created the film widgets.

At launch, the SnagFilms catalog includes well-known documentaries like “Super Size Me,” but also lesser-known films on a wide variety of topics, including college football, AIDS in Africa, politics, profiles of average people and tales of the New York Fire Department. One of my favorites was “Paper Clips,” the story of how a school in Tennessee learned about the Holocaust.

Filmmakers can submit movies to the site by sending an email to: submissions@snagfilms.com. SnagFilms says it doesn’t censor or edit the films, but won’t accept pornography or films deemed to encourage hate. It does have a selection process, so not all films submitted will make it onto the site. The company hopes to add more films soon.

I had only two gripes about SnagFilms. First, the films should be able to play inside the widget itself, with an option inside to play at larger sizes. Having to open a separate browser window is a pain. The company says it’s working on this.

Second, the initial catalog is light on documentaries from a conservative or probusiness perspective. But the company says it is “actively seeking to offer differing viewpoints” and will soon add “a number of films that are quite conservative in philosophy.”

SnagFilms is a great idea for getting documentary films in front of more people. It’s another example of how the Web is changing media distribution for the better.

• Find all of Walt Mossberg’s columns and videos online, free, at the All Things Digital Web site, walt.allthingsd.com. Email him at mossberg@wsj.com.

]]> http://allthingsd.com/20080716/snagfilms-finds-virtual-theaters-for-documentaries/feed/ 0 http://allthingsd.com/20080414/ted-leonsis-speaks/ http://allthingsd.com/20080414/ted-leonsis-speaks/#comments Mon, 14 Apr 2008 08:49:24 +0000 Kara Swisher http://kara.allthingsd.com/20080414/ted-leonsis-speaks/ BoomTown recently had lunch in Silicon Valley with Ted Leonsis, one of the most colorful, interesting and early of the modern Web’s entrepreneurs.

Leonsis is best known as the man who put the oomph into AOL during its glory days in the last century, when he joined CEO Steve Case in 1993 to grow the company into a behemoth that was able to essentially take over media giant Time Warner (TWX) in 2000.

That pairing did not go so well, as time did end up telling, and most of AOL’s senior ranks were gone from the company quickly.

That is, except for Leonsis, who stayed around AOL until the end of 2006 when he left the company to focus on his sports investments (See an interview with him about his Washington Capitals hockey team in The Wall Street Journal over the weekend here).

Leonsis has also recently teamed up with Case again to take on PayPal and the credit card industry–that shouldn’t be that hard at all!–with RevolutionMoney.

He talks about that venture and more, including the end of portals, the rise of distributed networks, the need for a new online ad paradigm and how techies need to focus more on “happiness and the quality of life.”

Yeah, that.

Here’s the video, in which Leonsis did not talk about the Yahoo (YHOO) deal, as this video was shot before talks between Yahoo and AOL heated up:

[ See post to watch video ]

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