Pulse2 Technology and Social Media News » Greg Coleman

Viral Tracking Pop Culture Website BuzzFeed Raises $15.5 Million

Amit Chowdhry — Mon, 09 Jan 2012 16:10:24 +0000

BuzzFeed is one of my most favorite time-pass websites because they have interesting galleries and lists of pop culture. BuzzFeed has raised $15.5 million in Series C funding led by New Enterprise Associates. Other investors that participated include Lerer Ventures, Hearst Media, SoftBank, and RRE Capital. NEA General Partner Patrick Kerins will be joining the BuzzFeed board of directors. Ken Lerer, the Huffington Post co-founder and BuzzFeed board member, will become the BuzzFeed executive chairman.

Former Huffington Post President Greg Coleman is also joining the BuzzFeed board of directors. BuzzFeed was founded by co-founded by Jonah Peretti, who was the former CTO of The Huffington Post before the company was acquired by AOL.

BuzzFeed has recently hit some major milestones. For example, the company has tripled their traffic to 25 million monthly unique visitors in the past year. They hired Politico’s Ben Smith to serve as the head editor. And recently they broke the news about how John McCain was going to endorse Mitt Romney before CNN and other news agencies.

[TechCrunch]

Former Yahoo! Exec Ash Patel Launches Morado Ventures, Receives Investment From Terry Semel

Amit Chowdhry — Mon, 15 Nov 2010 22:46:13 +0000

Former Yahoo! executive Ash Patel has started a $10 million micro-venture investment company. The investment company is called Morado Ventures. “Morado” translates to “purple,” which is Yahoo!’s color.

Some of the investors in the fund include Yahoo! CEO Terry Semel, former COO Dan Roseinweig, and former ad sales head Greg Coleman. Former Yahoo! President Sue Decker is also considering to put money in the fund.

Yahoo! founders Jerry Yang and David Filo will be limited partners without investment decision power. Morado will focus on small funds, similar to angel group investments. Patel worked at Yahoo! for 14 years. His most recent job there was EVP for Product Architecture & Strategy. He took a sabbatical last November and never went back.

[AllThingsD]

AOL Hires Jeff Levick As New President Of Global Advertising

Amit Chowdhry — Thu, 30 Apr 2009 20:14:14 +0000

[Jeff Levick]

AOL has hired Jeff Levick, a former executive at Google. Levick will become the president of global advertising and strategy, who will directly report to new AOL CEO Tim Armstrong. Armstrong himself was Google’s former North America ad sales head a couple of months ago.

“This is a perfect time to join AOL and I firmly believe that AOL’s best days are ahead of it,” stated Levick. “The company has one of the largest and most engaged audiences on the Web, some of the best advertising technology in the business, and a powerful third-party network. There is great opportunity here for us to capture.”

Greg Coleman was replaced by Levick. The reason why he was let go is unknown. Coleman joined AOL in February 2009. That he was at AOL for less than 3 months! Coleman was an advertising head at Yahoo! before AOL.

Former Yahoo Exec Greg Coleman To Replace Head of AOL Ads Lynda Clarizio

Amit Chowdhry — Tue, 03 Feb 2009 19:25:28 +0000

Lynda Clarizio will be stepping down as the head of AOL’s Platform-A advertising unit and will be replace by Greg Coleman, an advertising executive from Yahoo! Last week Scott Moore left Yahoo! and took a similar job at Microsoft. Jeff Dossett of Microsoft left the position open for Moore when he stepped down from Yahoo!

Clarizio was running Advertising.com in Baltimore. Clarizio wasn’t the type of sales person that they were looking for in terms of making advertising deals. AOL is having a hard time making the advertising revenue that they were succeeding with in the past.

Coleman was friends with AOL CEO Randy Falco for quite some time. The hiring was rumored to be requiring the approval of new Yahoo! CEO Carol Bartz and Time Warner CEO Jeff Bewkes due to competitive agreements. Coleman worked at Yahoo! for seven years.