Considering all the hype around funded companies and web 2.0, I can see why almost everyone believes we are in a bubble. I do not agree. We still have some time before we reach a bubble. It’s time to worry when startups start buying Super Bowl commercial spots.
Enough small talk – lets get to the fun stuff. Here is a roundup of recent funding activity. I threw in cutesy comments on some of the companies for your enjoyment.
Dogster – $1 Million from Angel Investors. Not a bad idea. There are a lot of people out there who love their dogs.
Seventymm – $7.5 Million from Matrix Partners India. Seventymm plans to become India’s NetFlix. I have no idea how it managed to raise $10 Million total so far. Their business model has some major roadblocks ahead. But that’s a whole different post.
Jacked – $0.5 Million from Provenance Ventures. Jacked is in stealth mode. Who knows what the heck is going on behind closed doors. Let’s just hope this isn’t a social network for jacked body builders. That’d be weird.
Eventful – $7.5 Million from Bay Partners. Another event site that got lots of money. I like Upcoming.org a lot better.
Tremor Network – $8.4 Million from Masthead Venture Partners and Canaan Partners. Rich media is hot and so is rich media advertising. Good for Tremor!
Fliqz – $1 Million from Angel Investors. The site looks terrible.
MyNewPlace – $12 Million from Sutter Hill Ventures and Split Rock Partners. The housing market sucks and the rental market is booming so I am sure MyNewPlace will do well. Plus unlike most apartment search sites, MyNewPlace is a clean site with few ads.
Vyatta – $7.5 Million from JPMorgan Partners, ComVentures, and ArrowPath Venture Partners. They are an open source network company with a cool vision.