Zivity, an adult social network, raises $1M before launch
Zivity, a new adult social network start-up, has raised a $1 million round of seed capital from Silicon Valley investors — as it prepares for launch.
It’s not a porn site, such as the newer sites Eroshare (pictures) or Pornotube (vidoes). Rather, it likens itself to a mixture of MySpace and Playboy magazine with popularity/voting features thrown in. It says it focuses on pinup-like photography, or so-called “fine art erotica.” It invites regular woman — such… Continue Reading
Cisco buys anti-spam co., IronPort Systems for $830 million
Networking giant Cisco agreed to acquire anti-spam and spyware security company IronPort Systems for $830 million in cash and stock.
Ironport, of San Bruno, Calif., soaked up about $100 million from its founding in 2000, so this is a big win for its ten investors.
They include New Enterprise Associates, the big Silicon Valley venture capital firm, which invested $18 million into the company two years ago. Others are Allegis Capital, Amicus, Menlo Ventures, Chevron Corp., General… Continue Reading