News aggregator Loud3r refocuses, raises new funding
Loud3r, a startup whose technology compiles news and other online content about specific topics, attempted last year to build a network of niche news sites. That didn’t work out as hoped, but chief executive Lowell Goss says the Pasadena, Calif. company has bounced back with a business-focused offering and a new funding round of less than $1 million.
Back when Loud3r first launched, VentureBeat writer Eric Eldon was skeptical that “what the world needs is more… Continue Reading
Domain marketplace NameMedia cancels IPO
NameMedia, a popular domain name marketplace, has abandoned its plans to go public. It first filed for the anticipated $172.5 million sale in November 2007, but says current market conditions are too poor to go forward at this time. Formerly called YesDirect, it was going to use the proceeds to pay down its debt and fund product development.
Based in Waltham, Mass., it received funding from Highland Capital Partners (which owns more than half of the… Continue Reading