Venture Pulse – Recent VC Activity and Deals
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. Itâ€™ll be 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 â€“ Not a bad idea. There are a lot of people out there that love their dogs more then their kids. Plus this is one site where the word bitch is not derogatory. Now all they need is a dog to be their marketing VP.
Seventymm – $7.5 Million from Matrix Partners India â€“ Seventymm plans to become Indiaâ€™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 thatâ€™s a whole different post.
Jacked â€“ $0.5 Million from Provenance Ventures â€“ Itâ€™s in stealth mode. Who knows what the heck is going on behind closed doors. Letâ€™s just hope this isnâ€™t a social network for jacked body builders. Thatâ€™d be weird.
Eventful – $7.5 Million from Bay Partners â€“ 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 â€“ Rich media is hot and so is rich media advertising. Good for Tremor!
Fliqz – $1 Million from Angel Investors â€“ The site looks like crap. Thats my million dollar Fliqz review.
MyNewPlace – $12 Million from Sutter Hill Ventures and Split Rock Partners â€“ 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 very few ads.
Vyatta – $7.5 Million from JPMorgan Partners, ComVentures, and ArrowPath Venture Partners â€“ They are an open source network company with a damn cool vision.
Iâ€™ll be doing a roundup every few days so make sure to check back often.