Tag Archives: Dave McClure
Graphic.ly Raises $1.2 Million In First Round
Graphic.ly is a CDN company that specializes in comics. The company has raised $1.2 million in their first round of funding. DFJ Mercury is the early-stage lead VC firm behind the funding. Other investors include Starz Media, GC&H Investments, Northstar Equity Partners, Dave McClure, Paige Craig, and Chris Sacca.
Graphic.ly plans to use the funding for technology development, marketing, and future partnerships. One of Graphic.ly’s first projects after the funding is to develop an iPhone application for Marvel Comics. Graphic.ly launched out of TechStars, a startup incubation firm. Graphic.ly was founded by Kevin Mann and Thanavanth Jaroenvanit and is run by CEO Micah Baldwin. Baldwin is the former VP of business development at Lijit Networks.
Intuit Planning To Acquire Mint.com For $170 Million
In less than 2 years since launching, Mint.com is supposedly selling themselves to Intuit Inc. Mint.com is a financial tool that allows you to aggregate all of your bank and credit card information and find ways to save money. The deal is expected to close within the next few days.
Mint had launched at the TechCrunch50 conference two years ago and took the top prize giving them $50,000. Mint raised $31.8 million in total funding from First Round Capital, Felicis Ventures, Shasta Ventures, Benchmark Capital, Sherpalo Ventures, Hite Capital, DAG Ventures, and The Founders Fund. Angel investors in Mint include Ron Conway, Mark Goines, Geoff Ralston, and Dave McClure.
This acquisition is interesting because Intuit had previously sent Mint a letter demanding an explanation for how they jumped to 850,000 users within several months.
SimplyHired Raises $4.6 Million From IDG and Foundation
SimplyHired is a job search engine that aggregates listings from various websites. SimplyHired is based in Mountain View, California and has raised an additional round of funding at $4.6 million, led by IDG Ventures and Foundation Capital. This brings SimplyHired to a total funding amount of $22.3 million.
Previous investors include Gautam Godhwani, Peter Weck, Anil Godhwani, Jerry Crowley, the late Rajeev Motwani, Kanwal Rekhi, Ron Conway, Dave McClure, James Hong, Guy Kawasaki, Garage Technology Ventures, Foundation Capital, Fox Interactive Media, IDG Ventures, and Foundation Capital.
Fox Interactive Media launched a classifieds website through MySpace since they made their investment in SimplyHired. SimplyHired stated that they have had positive operating cash flow over the past four quarters. The company had revenue growth for 16 consecutive quarters.
The additional funding will be used to hire additional employees and for international expansion. SimplyHired syndicates their technology to LinkedIn, The Washington Post, BusinessWeek, Plaxo, and CNNMoney.
[via paidContent]