Amit Chowdhry | April 19, 2011 | 467 views | Add a Comment
Categorized under Adaptly, Kevin Lu, Nikhil Sethi, Shobhit Chugh

Adaptly is a social ad buying company that has raised $2.7 million in Series A funding from First Round Capital, Charles River Ventures, Kirschenbaum Bond Senecal & Partners, and Lerer Ventures. Some of the angel investors involved in this round include Gary Vaynerchuk, Nathaniel Turner (Invite Media founder), and Michael Katz (Interclick CEO).

Amit Chowdhry | April 19, 2011 | 995 views | Add a Comment
Categorized under Benchmark Capital, Legg Mason, Legg Mason Inc, PAR Capital Management, Technology Crossover Ventures, Zillow

Real estate search engine company Zillow.com has filed an S-1, which means that the company is going public on the stock market. Zillow is aiming to raise $51.75 million. Currently this is a placeholder amount and is subject to change.

Amit Chowdhry | April 19, 2011 | 925 views | 1 Comment
Categorized under Blake Chandlee, Facebook

Facebook has launched a community website for ad agencies and brand managers to exchange ideas called Facebook-Studio.com. Executives at Facebook said that launching this website is a first step for a give-and-take dialogue between Facebook and ad agencies.

Amit Chowdhry | April 19, 2011 | 1,054 views | Add a Comment
Categorized under Bezos Expeditions, Chris DeWolfe, Columbia Capital, Eric Schmidt, Felicis Ventures, Founders Fund, Greylock Partners, Hallpass Media, Lars Hinrichs, MindJolt, MySpace, Novak Biddle Venture Partners, SGN, Shervin Pishevar, Social Gaming Network, The Founders Fund, TomorrowVentures

MindJolt is a gaming company that is run by MySpace co-founder Chris DeWolfe. DeWolfe left MySpace a few years after News Corporation acquired the social network company.

Amit Chowdhry | April 18, 2011 | 958 views | Add a Comment
Categorized under Accel Partners, Anand Rajaraman, Bezos Expeditions, DAG Ventures, Ed Zander, Jeff Bezos, Jonathan Miller, Kosmix, Lightspeed Venture Partners, Lightspeed Ventures, Time Warner Investments, Venky Harinarayan, Wal-Mart

Wal-Mart Stores, Inc. (NYSE:WMT) has acquired Kosmix for over $300 million according to a source with AllThingsD. Kosmix is a social media platform company that has raised $55 million in funding from Time Warner Investments, Accel Partners, Lightspeed Venture Partners, DAG Ventures, Bezos Expeditions, Jonathan Miller, and Ed Zander.

Amit Chowdhry | April 18, 2011 | 665 views | Add a Comment
Categorized under Dropbox

Dropbox is a file storage service that was founded in 2007 by Drew Houston and Arash Ferdowski. Dropbox was one of the earliest Y Combinator incubator companies. Dropbox has 25 million users and is seeing about 200 million files saved per day. Over 1 million files are being saved every 5 minutes. About a year ago Dropbox had 4 million users and two years ago they had 2 million in late 2009.

Amit Chowdhry | April 18, 2011 | 1,038 views | 3 Comments
Categorized under Apple Inc., Samsung Electronics Inc.

Apple Inc. (NASDAQ:AAPL) is suing Samsung over patent infringement. Apple alleges that the Samsung Galaxy phone and tablets are in violation of Apple’s patents, trademarks, and is unfair competition. The lawsuit was filed in the U.S. District Court in Northern California. Apple wants injunctions, actual damages, and punitive damages.

Amit Chowdhry | April 18, 2011 | 654 views | Add a Comment
Categorized under TweetDeck, Twitter

Earlier we believed that UberMedia had acquired TweetDeck for $30 million, but we stand corrected. Twitter is actually in advanced talks for acquiring TweetDeck for $50 million according to a source with The Wall Street Journal.
