Hearst-Owned Magazines Launching Daily Deals With Group Commerce

Hearst-owned magazines are treading on Groupon’s territory with the launch of group-buying discounts, starting off with Road & Track and Car and Driver.

Former DoubleClick Execs Create Groupon Competitor, But It's Not Exactly A Clone

Think there’s already too many Groupon clones? Think again. Group Commerce, which is coming out of stealth today, has the pedigree and the funding to be a viable contender. What’s more, it is coming out of the gate running with four major publishing partners already signed up on its publisher platform.

News Byte

Upscale Nerd Newsletter GeekChicDaily Raises $2 Million

Yep, you can still raise money for email newsletters in 2011. GeekChicDaily, aimed at the fanboy contingent that spends heavily on movies, action figures and the like, has raised $2 million in a round led by Hollywood producer Joe Roth and Microsoft veteran Mike Slade. Also on board: Clear Channel/Pilot Group’s Bob Pittman, a newsletter kingpin (Daily Candy, Thrillist, etc.) who helped the company raise $1.5 million last year.

A Father and Son Team That Founds Web Start-Ups Wants to Finance Them, Too: Ken and Ben Lerer Get Their Own Fund

Meet another set of investors funding New York-based Web start-ups: Lerer Media Ventures, run by Huffington Post co-founder Ken Lerer and his son, Thrillist co-founder Ben Lerer. Their backers include familiar names like Ron Conway and Arianna Huffington.

Hot Potato Is Ready to Eat: Do Twitter, Facebook Users Want Another Real-Time Chatter Service?

Last month I told you about Hot Potato, one of the buzziest start-ups in the very buzzy “real time” sector. Now you can check out the service yourself. Or at least you can get a glimpse of it in this video.
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Netted, a Web-Centric Tipsheet, Tries Squeezing Into Your Inbox

Everyone loves to complain about email. Except for the growing batch of entrepreneurs using it to launch newsletter businesses. Latest example: Netted, a Web-centric recommendation guide from the guys who bring you the Webby Awards.
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It's Another Tequila Start-Up: Bob Pittman's New Venture

Earlier this week, while in New York, BoomTown paid a visit to well-known media and Web exec Bob Pittman to hear about his newest venture. And, as it turned out, it tasted pretty good. That’s because the former MTV wunderkind, AOL top exec and currently, investor in a wide range of media and Web companies, is making tequila instead of Internet sites. Thank God it’s Friday!
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Disney “Transitioning” Ideal Bite, Its $20 Million “Green” Lifestyle Newsletter

Ideal Bite, the green-flavored lifestyle newsletter business Disney bought in June 2008, faces an uncertain fate: Its parent company is shuttling the unit from one corporate silo to another and says it’s not sure what will become of it once that happens. Translation: The job market is going to see a few more resumes.
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Want Bob Pittman’s Money? Start a Newsletter Business.

Are you an aspiring media entrepreneur trying to figure out how to raise money during brutal times? Here’s one method: Start an email newsletter business, then give Bob Pittman a call. The investor behind DailyCandy and Thrillist is trying it again, via a $1 million stake in VitalJuice, a “wellness” newsletter.