Finance
VentureBeat’s Matt Marshall Gears up for DEMO
Matt Marshall, editor and CEO of VentureBeat, the authoritative technology and finance blog, is gearing up for his first year as co-producer of DEMO, the 20-year-old tech conference.
Murdoch’s “Emotional Bias” has Hammered News Corp Shares, Dartmouth/Tuck Professor
With news of a dramatic write-down and loss at News Corp, one academic says that the company's poor performance and reception on Wall Street can be laid at the feet of founder Rupert Murdoch who operates with "emotional bias."
In the Downturn, Find the Inefficiencies and Create New Businesses, Mukesh Chatter
Mukesh Chatter is an engineer and serial entrepreneur, known for building the router company Nextabit and selling to Lucent in 1999 for $900 million. He says the current economic downturn is an opportunity for innovators to find the inefficiencies in business and create new opportunities.
Gates Foundation Has 20 Percent Loss but Accelerates Spending, Bill and Melinda Tell the BBC
The BBC sat down with Bill and Melinda Gates at the World Economic Forum in Davos, Switzerland for a 14-minute video interview today, during which the couple discussed foreign aid and the economy.
Motionbox Raises $6 Million in New Venture Round
Motionbox, the New York-based video sharing site which has a subscription model, has gotten a third venture round of $6 million, Jason Kincaid of TechCrunch reported tonight. Along with the investment is a management shake-up with Chris O’Brien assuming the title of Chairman and Josh Grotstein becoming CEO. A little over a year ago, Chris […]
Funny Site, but Not Funny Money: JibJab Raises $7.5 Million in Series C Round
Comedy site JibJab has raised $7.5 million in Series C funding from investors including Overbrook Entertainment and Sony Pictures, Jason Kincaid at TechCrunch reported. Andy interviewed JibJab CEO Greg Spiridellis at the TimeWarner Politics ’08 Summit in October about politics and comedy on the web, and I republished the interview today.
Peter Kafka: Media Layoffs Will Continue in a Grim 2009
Peter Kafka, who debuted his daily blog MediaMemo on AllThingsD in October, writes today that the ad recession will last at least another year — making it the longest ad recession since The Depression. Which is, well, depressing. At our marathon filming day at the Mogoulus studio in Soho earlier this month, Peter described the […]
Kosmix Search Raises $20 Million in Funding in Tough Economy
The search solution Kosmix has raised $20 million in a funding round led by TimeWarner, the company announced today–an impressive feat in today’s economic climate. Andy interviewed Kosmix Co-founder Anand Rajaraman in New York earlier this year, and I republished the interview here.
ExtendMedia Raises $10 Million in New Funding
ExtendMedia has raised an additional venture round of $10 million, Liz Gannes of NewTeeVee confirms tonight. News of the funding was first reported by peHUB. In October of 2007, I interviewed CEO Keith Kocho. He speaks about the ScanDisk project, which has since been canceled. I’ve republished the interview here. — Andy Plesser, Executive Producer
Huffington Post Raises $25 Million Round
The Huffington Post has raised an additional $25 million in venture funding, according to a report this morning by Kara Swisher of AllThingsD. In a subsequent post, she reports that the Huff Post has formally announced the news. In January, I interviewed Huff Post investor and board member Eric Hippeau of SoftBank about the value […]
Boxee Raises $4 Million in First Finance Round
Boxee, a home media networking solution provider (for an explanation read these posts by MG Siegler at VentureBeat and Robin Wauters at TechCrunch) has closed its first financing round with $4 million from Spark Capital and Union Square Ventures. Earlier this year, we interviewed CEO Avner Ronen about the company. In the segment, he shows […]
Google Finance has Text Advertising, Global Expansion is Underway along with Potential Tie-ups with Brokerage Firms
Late yesterday, Google announced that it is putting text advertising onto Google Finance, the financial news and portfolio/stock tracking site. Google is putting considerable resources into the site and plans to expand it globally, according to an interview with Google’s R.J. Pittman we did in July. R.J. indicated in the interview that Google will likely […]
Big Media will Pay for Online Video Start-ups with “Vertical” Audiences
With the IPO window effectively shut, the most viable exit scenario for venture-backed online video companies is a sale to an established media concern. So what do acquirers want? According to CNN.com general manager K.C. Estenson, while CNN has a huge audience, it needs verticals–audiences within particular categories. He made his comments at the Beet.TV […]
Venerable VC Alan Patricof: “We don’t invest in young companies to take them public”
Sure the IPO market has been shut for some time and the prospects don’t look good, but it’s still a bit of jolt to read that one of the industry’s most respected venture capitalist tells The Deal’s TechConfidential that he is not planning for IPO exits for his 24 companies. Here’s what he says: "We […]
Mint Launches Investment Tracking, Leaves Beta
Personal finance web application Mint, last year’s TechCrunch40 winner, leaves beta today with a slew of new features under its belt, including investment tracking and flexible budget sheets, Jason Kincaid at TechCrunch reports. He writes that Mint registrations have gone up 100 percent over the last few weeks due to the financial crisis.
Fiscal Crisis: “Everyone in Technology is Terrified,” MIT’s Jason Pontin
CAMBRIDGE, Mass. — As nearly a thousand technologists from around the world gathered this week on the MIT campus for Technology Review’s annual EmTech conference to learn about emerging technologies and to celebrate the young innovators, the mood was decidedly muted, with the precarious global financial situation clearly on the mind of many.
Sunlight on Sand Hill Road? Venture Capital is Safer than Hedge Funds or Private Equity, Times Reporter Says
As we watch the carnage on Wall Street, we wonder about how the venture capital community, the lifeblood of technology start-ups, is going to fare. This afternoon I was over at the New York Times to interview Vikas Bajaj about the turmoil on Wall Street. Vikas and Andrew Ross Sorkin wrote the story in today’s […]
Wall Street Mess, It’s Just Like the Tech Collapse, Journal’s Alan Murray
Greed and the expectation of the level of high returns enjoyed during the stock market boom of the late nineties has powered the excess in the credit markets which have lead to the current financial crisis, says Alan Murray, Deputy Managing Editor of the Wall Street Journal.