Who are Foursquare’s big-name angels?
Fresh off its London launch, location-sharing service Foursquare revealed the rest of its big-name roster of angel investors. The company raised $1.35 million in a first round of funding last month from Union Square Ventures and O’Reilly AlphaTech Ventures.
Foursquare is one of the few breakouts from a pack of startups eager to take advantage of smartphones and GPS to build location-based social networks and services. Foursquare was designed differently in that it’s more of a… Continue Reading
New iPods, iTunes 8, 2.1 iPhone software and price cuts on September 9 — or another Kevin Rose “wolf”?
Digg founder Kevin Rose has gotten a reputation as “the boy who cried ‘wolf’” recently with some of his Apple “leaks.” He was dead wrong about many of the specs for the initial iPhone despite having a “source” and then he was wrong again in talking about Apple-built IM/video chatting coming to the iPhone 3G prior to its launch. As such, I was hesitant to write about his latest Apple leaked news this weekend, but… Continue Reading
Source: Digg hires bank, hoping to sell for $300 million or more
It’s been a little more than a month since the last rumors surfaced about social news site Digg trying to sell itself for at least $300 million.
A reliable source just confirmed the company’s plans, noting the company has hired Allen & Company, a tiny but influential private investment firm, to help broker a deal. The asking price is still $300 million, the source said.
This will come as no surprise. Rumors of a sale have been… Continue Reading
Will statistics mess kill Digg acquisition by News Corp?
San Francisco news ranking start-up Digg has become a symbol of new-age Internet buzz, ever since its hyped cover story on BusinessWeek several weeks ago.
Now TechCrunch reports Digg has been in recent acquisition discussions with a number of companies, including News Corp. — with a price of $150 million being discussed.
Rumors abound of a possible sale. BusinessWeek cited sources saying Digg was worth $200 million, but that value was so out of whack with Digg’s… Continue Reading
Roundup: Slim Devices, ChaCha, Digg, eBay ibank of Web 2.0, more
SlimDevices to release latest Squeezebox — The come-out-of-nowhere Mountain View start-up sells a device that lets you play your music anywhere in the house, and hooks up with all kinds of services, from Pandora to Rhapsody. Its latest one will sell for $2,000 device; the NYT has the scoop. This scrappy company is run by 20-somthing Sean Adams, and to our knowledge he has made do with a mere $330,000 from angels (though he may have… Continue Reading