Dave Morin Posts

Postmates receives $16 million in funding

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Postmates is an on-demand delivery startup that has received $16 million in Series B funding led by Spark Capital. Spark venture partner Nabeel Hyatt will be joining the board of directors at the company. Other investors that participated in this round include SoftTechVC, Matrix Partners, Scott Banister, Naval Ravikant, Russel Simmons, Thomas Korte, Shervin Pishevar, Dave Morin, and David Sacks.
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Path closes $25 million in Series C

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Path, the popular private mobile social network, has raised $25 million in Series C funding. Bakrie Global Group of Indonesia was added as a new investor.
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Online Gift Company Wantful Shuts Down

Wantful Logo
Wantful is an online gift website that has shut down.  John Poisson, the founder and CEO of Wantful wrote a blog post that said that the company was forced to shut down after losing a planned follow-on investment.
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SocialRadar Raises $12.75 Million In Series A Funding

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SocialRadar is a a company that has the ability to pair location technology built into smartphones with information in online profiles too.  A beta version of the application is coming to the iPhone this summer and it will be followed by apps for Android and Google Glass shortly after.
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YPlan Raises $12 Million

YPlan
YPlan is an event tracking application that is launching in the United States soon.  General Catalyst Partners, Wellington Partners, Octopus Investments, Dave Morin, Shakil Khan, and Kevin Colleran is investing $12 million into YPlan.  YPlan is going to use the funding to expand internationally starting with New York City.
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Path Makes A Deal With Sprint

Path is a mobile social networking-enabled photo sharing and messaging service that launched in November 2010.  Path has announced that they have made a partnership with Sprint that will let Sprint customers download the application to their phone without having to find it in the Google Play application store.  This will be applied to the Samsung Galaxy S4, HTC One, and Kyocera Torque smartphones distributed by Sprint.

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REPORT: Google Acquires Wavii For Over $30 Million

Google has acquired Wavii, a company that has developed a natural language processing app used for creating status updates for your favorite politicians, gadgets, and celebrities.  The value of the transaction is rumored to be at over $30 million, according to TechCrunch.  Apparently Apple outbid Google for the acquisition of Wavii.
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Adobe Acquires Behance For $150 Million

Earlier this week Adobe acquired Behance, a New York based company where professionals can showcase their creative portfolios.  Behance has around 1 million members and they host over 3 million projects.

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