Fred Wilson Posts

Crowdrise raises $23 million

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Crowdrise is a startup that was founded by actor Edward Norton, Robert Wolfe, Shauna Robertson and Jeffery Wolfe in 2009. The startup is known as a website for raising funding for charity. These individuals came up with the idea in 2009 when trying to raise money for Masai Wilderness Conservation Trust. They were originally looking to raise between $60,000 and $75,000, but ended up raising $1.2 million through its online platform. 

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Sidecar receives $10 million in funding

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Sidecar is a ride-sharing service where drivers will be able to set their prices. Passengers can choose from a list of drivers based on distances, car quality, ratings, and price. Sidecar is available in Chicago and Los Angeles right now.

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Influitive Acquires Social Inbox Company Engagio

Influitive has acquired social inbox company Engagio.  Engagio lets users track “online conversations in one place.”  Influitive raised $7.3 million in funding this past December and the company’s founder Mark Organ sold his previous company Eloqua to Oracle for $871 million shortly after that.  The terms of the cash-and-stock deal for Engagio was undisclosed.  All 5 employees of Engagio including the founder and CEO William Mougayar will join Influitive.  The technologies that Engagio developed will be integrated into Influitive’s AdvocateHub platform.

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Fred Wilson, Bijan Sabet, and Abdur Chowdhury Leaves Twitter Board


The board of directors at Twitter has been shaken up. Two high-profile investors Bijan Sabet and Fred Wilson are leaving the company board of directors. Twitter’s chief scientist Abdur Chowdhury is also stepping down.
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Turntable.fm Speculation: $37.5 Million Valuation? No Deal Yet?

Yesterday Business Insider reported that music service Turntable.fm raised $7.5 million in funding at a $37.5 million valuation. TechCrunch then reported a direct quote from Seth Goldstein, the company’s co-founder, that they hadn’t closed any new financing. Taking Goldstein’s word for it, speculation returns to the rumors of who is competing for the company: Fred Wilson is reported the favorite because Turntable is NYC-based, but rumors say he’s being outbid by Kleiner Perkins and Accel.

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TargetSpot Raises $8 Million From Union Square, Bain, CBS, and Milestone


TargetSpot is the largest digital audio advertising company. TargetSpot has recently announced $8 million in equity financing from Union Square Ventures, Bain Capital Ventures, CBS Radio, and Milestone Ventures.
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Work Market Receives Investment From Union Square and Spark Capital


Union Square Ventures and Spark Capital has invested in Work Market. Work Market is a company in stealth mode that helps businesses manage their services. Work Market was founded by Jeff Leventhal. Fred Wilson is joining the Work Market board of directors. [VentureBeat]

Fred Wilson Provides Feedback To Third Party Twitter App Developers


Twitter investor and board member Fred Wilson wrote a lengthy blog post that explains his stance on third-party Twitter developers.  He suggested that third party Twitter developers stop trying to fill holes in the Twitter product, but to create something entirely new on top of Twitter.  His blog post talked about how popular social gaming became on Facebook and the apps that attempted to fill a hole in Facebook were pushed aside eventually.  Fred Wilson mentioned that the following businesses may end up having “new kinds of killer apps”: Social Gaming (similar to success on Facebook), Verticals (Stocktwits, Flixup), Enterprise (CoTweet), Discovery (Hunch, Listorious, WeFollow, MrTweet), and Analytics (Bit.ly, Radian6).  [Wilson's blog A VC]