Archive for January, 2011

LinkedIn Hits Nearly $3 Billion Valuation In Private Trading

Amit Chowdhry | January 27, 2011 | 479 views | 1 Comment
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LinkedIn has hit a $3 billion valuation in private funding in a recent trade on SharesPost. SharesPost sells shares of private companies as a secondary market. When SharesPost sold shares in LinkedIn at $30 per share, it gave the company a valuation of $2.91 billion. About 95,000 shares were sold at that price.

Antoine Dodson Of Bed Intruder Fame Getting A Reality TV Show

Amit Chowdhry | January 27, 2011 | 526 views | Add a Comment
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Antoine Dodson, the viral video star known for the hit Bed Intruder, is getting a reality TV show pilot. The pilot is being produced by Entertainment One. Cameras will follow Dodson as he relocates himself and his family from the Lincoln Park projects in Alabama to Hollywood. The pilot will be about Dodson “leveraging every aspect he can to make a better life for his family” according to Entertainment One rep Scott MacFayden. The Bed Intruder video has been viewed over 67 million times on YouTube.

Social Gaming Company Kabam Raises $30 Million In Series C

Amit Chowdhry | January 27, 2011 | 1,168 views | 2 Comments
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Kabam is a massively multiplayer social gaming company based in California. Kabam used to be named Watercooler and they have raised $30 million in Series C funding. The Series C was led by Redpoint Ventures and Intel Capital with participation from Canaan Partners. Kabam launched in 2006 and they plan to use the funding to expand their gaming studio. Below is the full press release:

Google Launching A Groupon Competitor Called Google Offers

Amit Chowdhry | January 27, 2011 | 513 views | Add a Comment
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Google Inc. (NASDAQ:GOOG) is preparing to launch a Groupon competitor called Google Offers. “Google Offers is a new product to help potential customers and clientele find great deals in their area through a daily email,” stated a fact sheet leaked by Mashable. The fact sheet, which was made public, has been deleted.

Google Ventures Invests In Legal Q&A Company LawPivot

Amit Chowdhry | January 27, 2011 | 484 views | Add a Comment
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Google Ventures has led a $600,000 investment in LawPivot, a legal Q&A service. LawPivot will make it less necessary for you to hire a law firm to answer your legal questions. LawPivot will be moving into the Google Startup Lab in Mountain View, California. Startups can write a question and LawPivot will find the answer to it. LawPivot considers themselves as being a “Quora for legal.” All of your questions with LawPivot are private and confidential.

Samsung ST30 Digital Camera Coming In March For $99.99

Amit Chowdhry | January 27, 2011 | 822 views | 1 Comment
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Samsung is going to start selling a new digital camera called the ST30 for $99.99 in March. The ST30 fits in a pocket as it is the size of a cell phone. Samsung has a Smart Auto focus, a 28mm lens, and 3x power optical zoom. The ST30 has image stabilization, an advanced 10.1-megapixel sensor, face detection technology, red-eye fix, and eye-blinking technology.

ChaCha Raises $3 Million From Qualcomm

Amit Chowdhry | January 27, 2011 | 524 views | 1 Comment
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ChaCha.com is a question and answer service that has raised $3 million in funding from Qualcomm Venture Partners. This puts ChaCha at a total of $75 million in funding. ChaCha CEO Scott Jones said that Qualcomm’s “experience and insight into the global wireless ecosystem will help ChaCha continue to expand its service worldwide.”

Samsung Acquires E-Paper Technology Company Liquavista

Amit Chowdhry | January 27, 2011 | 451 views | Add a Comment
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Samsung has recently acquired Dutch display company Liquavista. Liquavista develops electronic paper technology and they spun out of the Philips Research Labs. Liquavista developed a new type of electronic display technology called electrowetting, which can be used on e-readers, mobile phones, and media players. Electrowetting consumers about 10% battery power of existing display technologies. “As electrowetting can be manufactured by modifying LCD production lines, Samsung will be able to realize significant synergies through the utilization of existing manufacturing equipment and capabilities,” said the company in a statement.

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