Tag Archives: Chris Sacca
Facebook Acquiring Instagram For $1 Billion
Facebook has announced that they are acquiring Instagram, a popular photo-sharing application, for $1 billion in cash and stock. Facebook CEO Mark Zuckerberg made the announcement on a profile post from his account. Zuckerberg said that they are planning to allow Instagram run independently from Facebook. It was only three days ago where it was that Instagram raised $50 million.
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Liftopia Raises $1.3 Million Led By First Round Capital
Liftopia is a San Francisco based online retailer of ski lifting and mountain resort transactions. Liftopia has raised $1.3 million in a round of funding led by First Round Capital. Other investors in this round includes Dave Morin, Chris Sacca, Erik Blachford, and Sam Shank.
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Categories Chris Sacca, Dave Morin, Erik Blachford, First Round Capital, Liftopia, Sam Shank
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Turntable.fm Raises $7.5 Million from USV
Betabeat reports that the rapidly-popular music service Turntable.fm has found an investor in Union Square Ventures. The company is reported to have raised about $7.5 million, having chosen an investment from Union Square-based USV instead of the west coast’s Kleiner Perkins or Accel. It’s possible that other investors from the founders’ other startup Stickybits may join in the funding, including First Round Capital, Lowercase, Polaris, Chris Sacca and Mitch Kapor.
Kevin Rose’s Milk Inc. Raises $1.5 Million
Milk Inc. is a new company that was co-founded by Kevin Rose. Rose is the founder of Digg and co-founder of Revision3. Milk is essentially a company where several developers brainstorm technology and mobile ideas and works away at building them. If there isn’t any sudden traction, then the project gets shut down. Milk has raised $1.5 million in angel funding from well known investors. Investors include Mike Maples, Jr. (Floodgate), David Sze (Greylock Partners), Ron Conway, Dave Morin, Philip Rosedale, Evan Williams, Joshua Schachter, Ashton Kutcher, Michael Arrington, Philip Kaplan, Chris Sacca, Tony Hsieh, Gary Vaynerchuk, and several others. [VentureBeat]
PaaS Company DotCloud Raises $10 Million In Series A
DotCloud is a platform-as-a-service company that has raised $10 million in Series A. Ron Conway and Chris Sacca was the company’s angel investors. Investors in the Series A round includes Benchmark Capital and Trinity Ventures. Jerry Yang (Yahoo! co-founder), Marc Varstaen (Apple engineering manager), Peter Fenton (Benchmark Capital), Dan Scholnick (Trinity Ventures) will be joining DotCloud’s board of directors. DotCloud allows developers to build applications through custom components.
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J.P. Morgan Acquires 10% of Twitter Through Stock Purchases From Existing Shareholders
There is a lot of speculation about how J.P. Morgan and angel investor Chris Sacca acquired about 10% of equity in Twitter for $450 million. The most interesting part here is how the funding round was conducted. It was not done as a venture capital series of funding.
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Categories Chris Sacca, JPMorgan Chase and Co., Twitter
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1000Memories Raises $2.5 Million
1000Memories has raised $2.5 million in a round of funding led by Greylock Partners. Angel investors Caterina Fake, Ron Conway, Keith Rabois, Paul Buchheit, Mike Maples, and Chris Sacca also participated in this round. David Thacker of Greylock will be joining the board of directors at 1000Memories. 1000Memories is a website where loved ones can express words about people in their lives that have passed away. The appeal of 1000Memories is that it does not have ads and the website design is stylish. [TechCrunch]
Instagram Raises $7 Million and Hits 1.75 Million Users
Instagram is a photo editing iPhone application that lets you add filters to the snapshots that you take. Instagram has hit 1.75 million users and they have seen about 290,000 photo uploads per day. The company has raised $7 million in funding from Benchmark Capital and individual investors such as Jack Dorsey, Chris Sacca, and Adam D’Angelo. [BusinessInsider]
Categories Adam D'Angelo, Benchmark Capital, Chris Sacca, Instagram, Jack Dorsey
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Lowercase Capital Raises $20 Million
Chris Sacca is a former Google employee and is an investor in Twitter. According to an SEC filing, his venture capital company Lowercase Capital raised over $20 million in funding as part of the Lowercase Industry Fund. In early August, Sacca raised over $11 million and another $10 million in June. Lowercase raised $8.5 million earlier this year. Some of the company’s other investments include DailyBooth, Stickybits, Posterous, etc. [TechCrunch]
Categories Chris Sacca, Lowercase Capital
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Chris Sacca Starts Angel Fund Lowercase Capital
Chris Sacca has started a new angel fund with $8.5 million in assets. Sacca’s fund is called Lowercase Capital. One of Sacca’s personal investments was early in Twitter and it is likely that he transferred that ownership to his new fund. Other investments Sacca made personally include SimpleGeo, DailyBooth, Posterous, Stickybits, Gowalla, Bit.ly and Fanbridge. [TechCrunch]
Categories Chris Sacca, Lowercase Capital
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