Funding Daily: investment news best served with a glass of wine

Now that we have survived the bad luck of Friday the 13th, the fireworks and wine-saturated festivities of Bastille Day, and the ides of July, it is time to dive back into the world of venture capital. There was quite a bit of funding news today, although most of it was rather dry. If you need a little something to sweeten these deals, open a bottle of Bordeaux and remember the French motto that wine makes everything better. Or was it Liberty, Equality, and Fraternity?

The future of local is real time and mobile

Since the mid-1990s, entrepreneurs have been trying to tackle the local market. Many have failed. Others, like Yelp and Groupon, have been successful selling services to small businesses, but those services are of dubious value. (Disclosure: I have puts against Yelp and Groupon.)