Big widget company RockYou raises a mere $1M, to tide it over
updated
RockYou, the Silicon Valley that lets people post photo slide-shows on Web sites, has raised $1 million to tide it over while it decides whether to proceed with a larger financing round or to sell.
The San Mateo, Calif. company is navigating some stormy changes in the market recently, where investors are more cautious about investing in social media start-ups that may not grow as quickly going forward as they have been.
VentureBeat first reported last week… Continue Reading
Roundup: VC tax fails, Feedster folds, and more
Here’s the latest [updated] action:
1) NVCA thanks the Senate for blocking VC tax
2) Feedster goes belly-up
3) David Chao is new head of Doll Capital
4) Asian telcos may finally find a US toehold
5) Biofuels could be worse than gasoline
6) TechForward raises financing
7) Facebook blocked in Syria
Senate blocks carried interest tax — The National Venture Capital Asoociation expressed its gratitude to the US Senate for dropping a provision to change carried interest tax rates, again. This isn’t… Continue Reading
DCM leads $10M investment in PandoraTV, fast-growing Korea video site
PandoraTV, a fast-growing Korean website for viewing and sharing videos, said it has raised a $10 million second round of funding, led by Silicon Valley venture capital firm, DCM.
Existing investors Altos Ventures, STIC International and Saehan, a Seoul-based venture capital group, participated in the round.
David Chao, co-founder and general partner of DCM, has joined its board of directors.
From the statement:
“PandoraTV has quickly become the dominant Internet video site in South Korea, significantly outpacing its… Continue Reading