Tag Archives: Ning
Glam Acquires Ning For Around $200 Million
Glam Media is a company that is considered a social content platform for websites that focuses primarily on women’s interests. Glam will be acquiring Ning.com, a website that allows you to easily create your own social network. Ning.com was co-founded by Silicon Valley Internet tycoon Marc Andreessen. The price is rumored to be about $200 million in cash, stock, or some combination. It is believed that Glam Media is going public soon so Ning is likely to have received a substantial amount of shares.
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Categories Glam Media, Marc Andreessen, Ning
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Rumor: Ning Being Shopped Around For $150 Million
Ning has recently been shopping around themselves for roughly $150 million according to sources with AllThingsD. Ning, co-founded by Marc Andreessen, gave a pitch to Google, Groupon, and several private equity companies.
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T. Rowe Price Reveals Social Media Investments: $190.5M In Facebook, $71.8M In Zynga, And $86.8M In Groupon
T. Rowe Price Group, Inc. (NASDAQ:TROW) has revealed some of their investments in social media companies. They have invested a total of $190.5 million in Facebook as of the end of March. The company also invested $71.8 million in Zynga and $86.8 million in Groupon. Two years ago T. Rowe participated in a $100 million round in Twitter along with Insight Venture Partners, Benchmark Capital, and Morgan Stanley. Other investments include $10 million worth of equity in Ning, $35 million equity in Angie’s List, and $114 million equity in YouKu.com. [NYT]
Categories Angie's List, Facebook, Groupon, Ning, T. Rowe Price, Twitter, Youku, Zynga
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Ning Has 90,000 Paid Users
It was April 2010 when I wrote about Ning is cutting 40% of their staff and was stopping free social networks. At the time Ning had about 285,000 free account holders and they were hoping to retain about 9,000 paid users. Instead 50,000 paid social networks stuck around. And it has grown to 90,000 paid users ever since.
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Categories Jason Rosenthal, Marc Andreessen, Ning
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Ning Team Launches Mobile Chat Service Mogwee
Ning is an enterprise custom social networking company that was co-founded by Marc Andreessen. Ning has decided to wander off path a bit and get into the virtual good-mobile phone market by launching a service called Mogwee. Mogwee is a mobile chat service for people that want to chat 1-on-1 or have a group chat. Through the app, you can share your location and distribute virtual gifts to your friends. To start with, you are given 5 virtual gifts to hand out but after that you will need to purchase more. [BusinessInsider]
Categories Marc Andreessen, Mogwee, Ning
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Ning Cutting 40% of Staff and Ceasing Free Social Networks
The social network platform company founded by Marc Andreessen and Gina Bianchini has announced some major changes. The first change is that they are stopping free social networks from being created. Existing free networks will be forced to pay going forward.
Ning has raised a total of $120 million and received a valuation of $750 million as of last summer.
The second major change is that the company is reducing their staff by 40%. Below is the full email sent from Ning CEO Jason Rosenthal.
Categories Gina Bianchini, Jason Rosenthal, Marc Andreessen, Ning
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Ning CEO Gina Bianchini Quitting To Become EIR At Andreessen Horowitz
Ning CEO Gina Bianchini is stepping down from the CEO position at Ning. Now she will become an executive-in-residence at VC firm Andreessen Horowitz. Ning co-founder Marc Andreessen also co-founded the venture firm. Ning COO Jason Rosenthal will take Gina’s position. Over the course of existence, Ning raised about $120 million in venture capital. Below is a statement from the company [AllThingsD]:
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Ning Takes Over Facebook’s Old Office
Facebook Board Director and founder of social networking company Ning.com Marc Andreessen has decided to relocate his company to the old Facebook offices in Palo Alto, California. Above is a slideshow of Ning.com’s new offices. Ning is currently valuated at $750 million based on their previous round of funding at $15 million. Ning has about 37 million registered users and created about 1.7 million social networks.
Categories Facebook, Ning
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Ning Launches Applications Section For Hosted Social Networks
Ning is a free social network customization building platform created by Marc Andreessen and Gina Bianchini. The company recently announced that they will be rolling out an application platform for developers to build upon. The company launched Ning Apps to about 1.5 million social networks hosted by the service as of yesterday. Ning Apps is based on the Google OpenSocial platform. About 90 applications from a wide variety of services are available as of today.
Some of the applications include Hulu, WordPress, PollDaddy, Twitter Tracker, Qik, and Tungle.me. These applications have different skins in order to match the look and feel of the social network that they are being installed on.
Ning raised $15 million back in July which gave them a valuation of $750 million. What the company’s exit strategy is… I don’t know.
Categories Gina Bianchini, Marc Andreessen, Ning
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Ning Raises $15 Million Series E, Led By Lightspeed Venture Partners
Social network customization service Ning.com has raised $15 million in Series E funding. This investment places Ning at a valuation of $750 million. Last year Ning raised $60 million at a $500 million valuation.
Ning currently has about 29.3 million registered users and over 1 million social networks. The company was founded by Marc Andreessen and Gina Bianchini. Andreessen recently launched his own venture firm with former partner Ben Horowitz. The venture firm that was started by Andreessen is called Andreessen Horowitz.
“The growth at Ning has been massive in the last year and, combined with the quality of the team and seeing that kind of momentum, it worked out well for us both,” stated Lightspeed Venture Partner Managing Director and co-founder Ravi Mhatre.
[via AllThingsD]