Archive for the ‘Khosla Ventures’ Category

ZocDoc Checks In $3 Million Series A Funding Led By Khosla Ventures

Amit Chowdhry | August 24, 2008 | 1 Views | Add a Comment
Categorized under Khosla Ventures, ZocDoc


ZocDoc is a New York-based service that allows users to make free appointments with dentists and doctors online.  With a few clicks, users can find the doctors and dentists that accepts their insurance.  Sometimes the appointments can be made on the same day.

ZocDoc can also find out the quality of doctors by patient reviews.  ZocDoc started in September 2007.  ZocDoc will be expanding beyond New York City soon.   The founders of ZocDoc are Nick Ganju, Cyrus Massoumi, and Oliver Kharraz, M.D.

ZocDoc recently raised $3 million in a first round of funding, led by Khosla Ventures.  ZocDoc currently has about 30,000 users and is growing 50% every month.  The company also has a waiting list of doctors that want to participate in ZocDoc.  ZocDoc currently has 10 employees and will be using the money to power their expansion.

ZocDoc plans on making money through two ways.  The first way is advertising and the second way is to introduce a nominal fee for practitioners.

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Slide Over That $50 Million, I’ve Got Photo Widgets!

Amit Chowdhry | January 19, 2008 | 432 Views | Add a Comment
Categorized under Fidelity Investments, Khosla Ventures, Mayfield Fund, MySpace, News Corp, News Corporation, PayPal, Photobucket, Slide, Slide.com, T. Rowe Price

Slide Logo
As you give a goofy look at the camera pointing at you in a photo kiosk at an entertainment venue, you begin to wonder what captions and background you’ll use.  Now take this concept, slap it on the Internet in the form of a widget that can be Facebooked or MySpaced, and you’re ready to raise $50 million.

Business-savvy Internet entrepreneur and PayPal co-founder, Max Levchin did exactly that, as mentioned in BusinessWeek.  Slide raised $50 million and increased their valuation to $500 million.  This fourth round of investment was provided by Fidelity Investments and T. Rowe Price.

Photo widget companies is a proven model for acquisition targets, but is also a proven model for its vulnerability of mooching on other social networks’ user base.  For example, Photobucket was acquired by News Corp. in May 2007 at a price of $250 million in cash.  But before the acquisition, MySpace completely blocked Photobucket from accessing their users because of an advertising violation before making a truce. 

Altogether, Slide has raised over $75 million including investments from other PayPal co-founder, Peter Thiel and venture capitalist, Vinod Khosla.  Thiel is an early investor of Facebook.  The other founders of Slide include Jared Kopf and Scott Banister, both also former PayPal employees.

Previous Slide coverage is available at: http://pulse2.com/category/slide/.

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Slide Receives Third Round of Funding From Khosla Ventures & Mayfield Fund

Amit Chowdhry | November 15, 2006 | 353 Views | Add a Comment
Categorized under , BlueRun Ventures, Founders Fund, Friendster, Funding, Khosla Ventures, Mayfield Fund, PayPal, Slide, Yelp

Slide LogoSlide.com, the photo slideshow website has raised a third round of funding from Khosla Ventures and Mayfield Fund. According to VentureBeat, the amount of funding for the third round is undisclosed, but there are rumors circulating that it is over the second round of $8 million. Based on third round funding estimations, Slide is currently worth near or over $20 million.

Creating a slideshow with Slide is done in 3 simple steps from the arrange page. The three steps are: 1.) Create a Slide Show, 2.) Save Slide Show, and 3.) Share Slide Show. There are 4 presets to scroll pictures: Sliding, Stars, Collage, and Checker. Photos can be directly imported from your PC hard drive, Photobucket account, Flickr account, MySpace account, or direct URLs. There are also several themes and sizes to alter these slide shows.

One of the co-founders of Slide is Max Levchin, a co-founder and former CTO of PayPal. Levchin is from Kiev, Ukraine, then moved to Chicago to attend UIUC. After PayPal went public in 2002 and his 2.3% stake was converted into $34 million after the eBay acquired PayPal, Levchin started Slide in 2004.

Levchin had also created Yelp, a review-centric social network. Previous investors include Founders Fund, BlueRun Ventures, and Peter Theil, the other co-founder of PayPal. Levchin aims to make money by adding sponsored pictures in slide show image crawls. Currently, Slide and Yelp are based in San Francisco. SFGate.com has a detailed history of Levchin’s past.

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What I Like About iLike. A Look Into iLike’s Past 4 Months.

Amit Chowdhry | November 10, 2006 | 583 Views | Add a Comment
Categorized under , FotoDunk, GarageBand, Khosla Ventures, iLike

GarageBand LogoiLike Logo
It wasn’t too long ago since GarageBand took a $2.5 million investment from David Weiden of Khosla Ventures and former COO of AOL Time Warner, Bob Pittman, and launched iLike, a service that helps you determine what music you may be interested in based on your and your friends’ taste.

Garageband crashed during the Internet bubble burst and then rose again from the ashes in 2002. Apple has a similar product group and software name as iLike and Garageband. Apple’s iLife division has developed Garageband, a software that eases the creation of podcasts. Initially when iLike was launched, Garageband allowed users to upload music and then would decide which bands were to be featured.

October 25, 2006: The opening day for iLike:
iLike launched on October 25, 2006 and saw an immediate approval reaction from the public as proved by the Alexa chart below:
iLike Alexa Growth
Some of the publicity iLike had to cause this spike in traffic is partially responsible by Marshall Kirkpatrick of TechCrunch, who reviewed iLike on the day before it was released. The CEO of iLike provided feedback on the TechCrunch post by stating that the review did not focus on the social networking aspect of iLike, a key selling feature. The users in the social network surrounding iLike take responsibility for reviewing and rating the independent artist music that is submitted on iLike as well as the mainstream music which should deter any skeptics about the quality of indie music. Later that week, VentureBeat also gave exposure to iLike’s release which also must have contributed to the spike.

iLike Team Picture From iLike Team Blog
Above is a picture of the iLike team found from the iLike Team Blog, who had been working on the iLike development for 6 months before the company launch. iLike is run by two twin brothers, Ali and Hadi Partovi. At the time during launch, iLike was backed by 25 engineers based in Seattle, California, and Australia. I’m not sure what the current employee numbers are.

November 2, 2006: iLike Team decides to add a music feature to complement their 30 second music preview:
“Not just music clips” exclaimed Hadi Partovi. “But music videos!” The iLike Team then sat down and started plugging-and-chugging this feature into the iLike user interface. Within 72 hours, the iLike team turned an idea into specifications, began development, started testing, and then sent the new feature into production. Hence the reason for my post title. “What I Like About iLike.” Any company that can have such a quick turnaround time on an idea gets my vote.

November 7, 2006: YouTube Features Launch; A couple days later, Michael Arrington Writes About It:
The idea behind this new feature is that if music videos are available for the selected songs, iLike users can click on “Play Video (if available)” and if it is, then a mini-embedded video from YouTube will open up directly below the song title on iLike. Here’s a screenshot:
iLike YouTube
November 9, 2006: VentureBeat’s Matt Marshall reports that iLike Has Quietly Acquired FotoDunk:
The four founders of FotoDunk are David McIntosh, Daniel Kluesing, Alan Rutledge, and Darian Shirazi. “These guys met with the iLike folks at in a Fulsom St. bar in SF to sign the documents, but were forced to go into an alleyway to finish the deal because there were underage,” stated Matt Marshall. FotoDunk is a software application that allow users to upload photos from their phone into a Flash widget which can be embedded in MySpace profiles.

November 10, 2006: New technology company, Pulse 2.0 reviews and submits an Approval for iLike:
I strongly believe that iLike has come a long way in such a short time. I’ve never heard of a company that has produced strong results for a company that could potentially absorb marketshare from Yahoo! Music and Amazon.com. Now if only there was a way for iLike to open their own music store rather than sending music customers to Amazon.com and iTunes.

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