56 posts and columns on Web 1.0
CafeMom, a social-networking and community site aimed at mothers, is expanding its offerings to daily deals, as well as announcing an anticipated launch of a site aimed at Hispanic moms. The deals site has just been launched under the killer URL of Mom.com.
As Web IPOs Heat Up, Prominent Internet Analyst Khan Jumps From J.P. Morgan to Banking at Credit SuisseIn yet another sign that the Internet market is getting very interesting to Wall Street, well-known analyst Imran Khan is jumping from his perch as managing director at J.P. Morgan to become a banker at Credit Suisse, sources said. In this new role, the high-profile Khan–well known for his reports on digital companies–will be running investment banking for Internet markets, including IPOs and M&A.
According to sources close to the situation, the aggressive Russian investment outfit DST Global is out of the running to fund Twitter. Instead, the prize is almost certainly going to Kleiner Perkins, the legendary Silicon Valley venture firm of Web 1.0 that has been making a big push of late into the Web 2.0 market. The valuation for the new round–which sources said is well above $150 million–will be from $3.5 billion to $4 billion. There also might be smaller investors in the new round, which could be completed next week.
According to sources close to the situation, well-known Silicon Valley power player Peter Currie is joining the board of directors of Twitter. It’s an interesting choice to bring the well-regarded moneyman to the microblogging start-up, and could indicate an intent to push to an IPO eventually. With much hot start-up experience, Currie is also suited to helping Twitter sort through its current funding round.