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		<title>Roundup: Uber closes down, Yahoo speaks on Yahoogle and more</title>
		<link>http://venturebeat.com/2008/09/27/roundup-uber-closes-down-yahoo-speaks-on-yahoogle-and-more/</link>
		<comments>http://venturebeat.com/2008/09/27/roundup-uber-closes-down-yahoo-speaks-on-yahoogle-and-more/#comments</comments>
		<pubDate>Sun, 28 Sep 2008 00:34:34 +0000</pubDate>
		<dc:creator>Eric Eldon</dc:creator>
				<category><![CDATA[VentureBeat]]></category>
		<category><![CDATA[coinvestors]]></category>

		<guid isPermaLink="false">http://venturebeat.com/?p=98432</guid>
		<description><![CDATA[<p><strong>Uber, an also-ran social network turned microblog platform, closes down</strong> &#8212; Investors included Universal Music Group and Sterling Stamos Co-Investors fund. The company claimed that it closed down due to economic issues, as you can read on its site. More &#8230;</p><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&amp;blog=342986&amp;post=98432&amp;subd=venturebeat&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><a href="http://venturebeat.files.wordpress.com/2008/09/uber092608.png" target="_blank"><img class="alignnone size-full wp-image-98434" title="uber092608" src="http://venturebeat.files.wordpress.com/2008/09/uber092608.png" alt="" width="99" height="44" /></a><strong><a href="http://www.uber.com" target="_blank">Uber</a>, an also-ran social network turned microblog platform, closes down</strong> &#8212; Investors included Universal Music Group and Sterling Stamos Co-Investors fund. The company claimed that it closed down due to economic issues, as you can read on its <a href="http://www.uber.com/" target="_blank">site</a>. More on <a href="http://www.paidcontent.org/entry/419-sasss-web-publishing-firm-ubercom-closing-down-investors-pulled-out"id="gg.-" title="PaidContent"  target="_blank">PaidContent</a>.</p>
<p><strong>Mobile payment company <a href="http://www.transactionwireless.com/" target="_blank">Transaction Wireless</a> raises $2.25 million</strong> &#8212; Funding comes from <a class="fund" href="Mission Ventures">Mission Ventures</a> and <a class="fund" href="Okapi Ventures">Okapi Ventures</a>.</p>
<p><strong>House debates about how its members can use web video, devolves into <a href="http://technosailor.com/2008/09/26/web-video-issue-derails-in-house/"id="fim5" title="childish"  target="_blank">childish</a> <a href="http://gawker.com/5055273/important-youtube-bill-stalled-in-house-of-representatives"id="c6ep" title="squabbling"  target="_blank">squabbling</a></strong> &#8212; The Senate has already avoided such squabbling and worked out its own rules.<br />
<strong><br />
Avigo Capital Partners is raising a $300 million fund</strong> &#8212; The New Delhi, India-based private equity fund <a href="http://www.vccircle.com/500/news/avigo-to-close-third-fund-300m-by-year-end-ifc-to-invest-30m"id="oteq" title="plans"  target="_blank">plans</a> to close this third fund by the end of the year.</p>
<p><a href="http://venturebeat.files.wordpress.com/2008/09/habbo092608.png" target="_blank"><img class="alignnone size-full wp-image-98433" title="habbo092608" src="http://venturebeat.files.wordpress.com/2008/09/habbo092608.png" alt="" width="128" height="67" /></a><strong>Teen virtual world Habbo may be making up to $38 million in revenue a year?</strong> &#8212; Jeremy Liew <a href="http://lsvp.wordpress.com/2008/09/25/habbo-profitable-on-38m-of-revenue-in-2008-h1/"id="o0we" title="looks at"  target="_blank">looks at</a> various rumors about how much the company could be making.</p>
<p><strong>Yahoo president Sue Decker defends &#8220;Yahoogle&#8221; deal</strong> &#8212; <a href="http://kara.allthingsd.com/20080927/sue-decker-makes-the-yahoogle-case-and-finally-gets-it-right/"id="jnmi" title="More on All Things D"  target="_blank">More on All Things D</a>.</p>
<p><strong>Immunotherapeutics company Macrogenics raises $25 million</strong> &#8212; Investors <a href="http://www.socaltech.com/transaction_wireless_scores_____m/s-0017591.html"id="tu8q" title="include"  target="_blank">include</a> <a class="fund" href="Nextech Ventures">Nextech Ventures</a>, <a class="fund" href="Arcus Ventures">Arcus Ventures</a>, <a class="fund" href="Innovis Investments">Innovis Investments</a> and Eli Lilly and Company.</p>
<p><strong>Half a million sign up for EA&#8217;s Warhammer Online</strong> &#8212; <a href="http://blog.wired.com/games/2008/09/warhammer-onl-1.html"id="vm9r" title="This comes a week after launch"  target="_blank">This comes a week after launch</a>.</p>
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