Dan Primack
For the past two weeks, peHUB readers have been emailing to ask where the Q2 Moneytree report was. Thankfully, I no longer have to respond with: “We are experiencing technical difficulties, please stand by…” The data was released this morning, courtesy of Moneytree makers PricewaterhouseCoopers, the National Venture Capital Association and Thomson Financial (publisher of […]
The condition: Apple is unable to do to mobile phones what it did to mp3 players, with subsequent versions of the iPhone acting as market leaders instead of as category killers. The consequence: A bunch of mobile Internet app providers will be able to cite iPhone as their validation, rather than as their murderer. One such company […]
I was unable to scour regulatory filings while in San Francisco last week, because my laptop doesn’t play nice with the relevant server. I’m still not quite caught up, but so far have blurbed on a dozen unannounced VC deals: * 3Jam, developer of a “reply-all” text messaging service. * BillShrink, a provider of online data […]
Another day, another gaming company gets venture capital funding. The latest entry is Guild Cafe, a Cambridge, Mass.-based developer of a social network for online gamers, which just raised an undisclosed amount of Series A funding from IDG Ventures Boston. Gaming companies raised over $260 million in VC funding last year, and should easily match […]
It’s official: Amp’d Mobile is the most expensive venture capital mistake, post-bubble. More than $360 million down the drain, with little to show for it but lawsuits, animosity and fancy handsets that will soon use some other service provider. The Los Angeles-based company will shut down its service at 12:01am Tuesday, according to information posted on its website. […]
Last night I attended a cleantech networking hour in Cambridge (although I bought my own pint before realizing that sponsor Flagship Ventures had spring for pitchers). Good mix of VCs, entrepreneurs, headhunters, students and folks looking for work. One general topic of conversation revolved around bubbles. Not surprising, of course, particularly given that VC firms keep adding […]
I’m sitting in Logan Airport, awaiting a shuttle flight to Washington D.C. – where tomorrow I’ll be speaking at an event sponsored by the Mid-Atlantic Venture Capital Association. The topic is general rather than regional – existing VC-backed companies by selling to private equity firms – but there is some Mid-Atlantic news of note today: […]
Updated Veoh may no longer host popular adult videos, but that hasn’t stopped venture capitalists from backing up the Brink’s truck. peHUB has learned that the San Diego-based company recently raised around $26 million in Series C funding – which gives it more venture capital than any other online video-sharing site has ever raised (including […]
When I reported last month that Peter Adderton was still CEO of Amp’d Mobile, it was accurate. And it was also wrong. But now he’s out as CEO, which is both accurate and right. Confused? Ok, please indulge an explanation. My prior reporting came after multiple sources — including Adderton himself — asserted that he remained CEO, despite […]
PayPerPost tomorrow will announce that it has raised $7 million in Series B funding, from insiders Draper Fisher Jurvetson, Inflexion Venture Partners and Village Ventures. The controversial company essentially matches up bloggers with advertisers, with the former being paid to write (positively) about the latter. Consider it a model that would ace business school, but […]