Tag Archives: Mitch Kapor
AOL Acquires Photo-Sharing App Hipster
AOL has acquired Hipster and their five-person team will be working at the company’s mobile team in Palo Alto, California. They will be reporting to Sol Lipman. Hipster CEO Doug Ludlow will be the director of mobile product management. Hipster will not be shut down.
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Turntable.fm Raises $7.5 Million from USV
Betabeat reports that the rapidly-popular music service Turntable.fm has found an investor in Union Square Ventures. The company is reported to have raised about $7.5 million, having chosen an investment from Union Square-based USV instead of the west coast’s Kleiner Perkins or Accel. It’s possible that other investors from the founders’ other startup Stickybits may join in the funding, including First Round Capital, Lowercase, Polaris, Chris Sacca and Mitch Kapor.
Yobongo Raises $1.35 Million From Angel Investors
Yobongo is a location based mobile group chat startup company that has raised $1.35 million in funding from several angel investors. You can chat with random people that are near you and they plan to launch an Android app soon too.
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Categories Caleb Elston, Dave Morin, Gary Vaynerchuk, Mitch Kapor, Yobongo
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InternMatch Raises $400,000 In Angel Funding
InternMatch is a start-up company that has raised $400,000 in angel funding from Dave McClure, Mitch Kapor, Kenny Van Zant, and Raj Agarwal. InternMatch is part of the 500 Startups incubator program. The company intends to help college students find internships at SMBs.
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Categories 500 Startups, Dave McClure, InternMatch, Kenny Van Zant, Mitch Kapor, Raj Agarwal
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Xmarks Is Shutting Down
Bookmark syncing service XMarks is in the process of shutting down. XMarks is based in San Francisco, California and they shut down their website today. XMarks is a four year old company that was started by Mitch Kapor. Kapor put his own money into the company and then it received more funding from Redpoint Ventures. XMarks was even close to selling the company to Google, but the deal fell through. At one point XMarks had about 5 million active users. However Google and Firefox both built bookmark syncing into the browser so their business model was difficult to sustain. [Xmarks Blog]
Categories James Joaquin, Mitch Kapor, Redpoint Ventures, Xmarks
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Neighborhood Location-Based Service BlockChalk Raises Funding
BlockChalk is an anonymous location-based social networking service that has raised funding from Battery Ventures, Mitch Kapor, Founder Collective, Harrison Metal, Joshua Schachter, Tom McInerney, Josh Stylman, and David Liu. BlockChalk essentially encourages people to share information about the neighborhood or places around it.
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Stickybits Raises $1.6 Million From Multiple Investors
Stickybits has raised $1.6 million from multiple investors. First Round Capital and Lower Case Capital are two new investors that joined in on Stickybits’ funding. Previous investors that participated in this round include Mitch Kapor and Polaris Venture Partners. Chris Sacca also joined in this round. Stickybits lets you attach photos, videos, text, music, etc. to any barcode.
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Bit.ly Raises $1.5 Million From VCs and Received 2.7 Billion Clicks Last Month
URL shortening service Bit.ly has been growing at an aggressive rate as they have become the default for Twitter. Given their current growth rate, the company needed another injection of cash as they have raised $1.5 million from previous investors. These investors include Betaworks, SoftTech (Jeff Clavier), Ron Conway, Mitch Kapor, Chris Sacca, O’Reilly AlphaTech Ventures, and Howard Lindzon. The funding was added to an SEC filing and TechCrunch confirmed the round with Bit.ly President John Borthwick. The $1.5 million round was set up as a convertible debt note. Bit.ly received 2.7 billion clicks last month. last week alone about 744 million Bit.ly links were clicked on. [TechCrunch]