Boxed is a mobile commerce startup that has raised $6.5 million in a Series A round of funding from Greycroft Partners, First Round Capital, Signia Venture Partners, ENIAC Ventures, Social Starts, Box Group, former Facebook COO Owen Van Natta and former Zynga COO David Ko.
Owen Van Natta Posts
Zynga has filed an 8K regulatory filing that shows how much new CEO Don Mattrick will be getting paid. Mattrick will be paid $50 million in cash and stock compensation over several years. Mattrick’s cash and stock package will be worth $19.3 million for the first year. His signing bonus was $5 million in cash and a $1 million annual salary with a pro-rated cash bonus of $2 million. In the period, he will receive $11.3 million in Zynga stock as part of a make-whole grant related to the vesting shares he lost when he stepped down at Microsoft.
Groupon has acquired mobile payments company Kima Labs and geolocation technology company Hyperpublic. Kima Labs is known for building the mobile barcode reading app called Barcode Hero and mobile payment app TapBuy. Groupon acquired a New York City based startup company called Hyperpublic, which is a geolocation service with layers of information on it like deals and events.
Continue reading →
If there is anything that Owen Van Natta knows, it is social networking. Van Natta is the former Chief Revenue Officer at Facebook and is the former CEO of MySpace. Social networking gaming company Zynga has hired Van Natta as the EVP of Business. He will be reporting to Zynga CEO Mark Pincus. Before joining Zynga full-time, Pincus has worked at the company as an advisor. Pincus will be managing business operations, customer service, marketing, communications, etc. Van Natta will also monitor company revenues. [TechCrunch]
Jason Hirschhorn has resigned as Co-President of MySpace and Mike Jones is expected to be named CEO soon. Hirschhorn and Jones were named Co-Presidents after Owen Van Natta was fired from the CEO spot. Below is a statement from Digital Chief of News Corp. Jon Miller:
Continue reading →
News Corporation (NASDAQ:NWSA) has hired Mark Rosenbaum as the CFO of MySpace. Rosenbaum is a former executive at MGM. “Having led companies at every stage of their development, Mark understands both startup culture and mature businesses, and is well suited to guide MySpace’s financial organization through its next phase of growth,” stated MySpace CEO Owen Van Natta. “We’re thrilled to add someone with his pedigree and experience to the team.”
According to paidContent, News Corporation reorganized Fox Interactive Media into News Corp Digital Media. This group will oversee Fox Audience Network, IGN Entertainment, MySpace, Photobucket, Beliefnet, and Fox Mobile Group.
Rosenbaum also previously worked for Gemstar-TV Guide, a former News Corporation property. He also worked at 20th Century FOX and The Walt Disney Company. Rosenbaum received his MBA from Duke University and has a Biology Bachelor’s degree from UC San Diego.
In the video above, Kara Swisher and Walt Mossberg ask newly appointed MySpace CEO Owen Van Natta and newly appointed News Corp. Chief Digital Officer Jonathan Miller some tough questions.
What makes this interview interesting is when Van Natta was asked what makes MySpace’s strengths and weaknesses are. Van Natta said that MySpace’s strength was that it is a lot more open and people on the network are a lot more interested in sharing information. But the reason why some people may be leaving MySpace for alternatives is because of an innovation issue.