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
Q & A with RockYou — three hit apps on Facebook, and counting
“The viral loop of people inviting each other to most social networks revolves around a user posting a widget to their page and having friends see their page.
The viral loops for Facebook (there are multiple) revolve around the news feed, the mini-feed and the invite request. Not around people coming to your page and interacting with it”
That’s Lance Tokuda, chief executive of RockYou, telling us in the interview (below) about one of the reasons… Continue Reading
Iconix sues founders of photo site RockYou — wins first round
(Update: There appears to be a settlement).
A U.S. district court judge has issued a preliminary ruling favoring Iconix in a suit alleging two of its former employees committed intellectual property theft in forming photo slideshow site, RockYou.
Iconix apparently nailed them by archiving their IM conversations.
PE Week’s Alexander Haislip has done the reporting (link is here, but it is subscription only), and digs up the details from the complaint. Here’s our earlier story on RockYou, about… Continue Reading