Weblo, where you can be a virtual mayor, raises $3.3M
In April, we wrote about Montreal company Weblo, and we called it somewhat of a pyramid scheme.
It lets you buy virtual domain names, for example www.LosAngeles.com for a few bucks (even though the domain name is owned by someone else on the real web), pretend you own that city and then sell off properties there to the fool who comes along to bid on it. Your incentive is to recruit others to do so…. Continue Reading
Bambi’s Vator.TV, a pitch platform for entrepreneurs, raises round
Bambi Francisco, the former MarketWatch columnist who left last month amid a stir to form her own video company, has finished raising a round of capital.
The round includes Richard Rosenblatt, the former chief executive of Intermix, owner of MySpace, Georges Harick, a former Google engineer who helped develop Adsense, and Matthew Hill, early investor of Shopping.com and, as expected Peter Thiel, former chief executive of PayPal. She is keeping the amount confidential, but we expect… Continue Reading
Demand Media raises $100M for Web site land grab
Demand Media, the company pursuing the audacious strategy of buying up a bunch of generic Web sites that have no staff generating real content of their own — to throw advertising on them — has raised another $100 million.
In May, we reported it raised its first $120 million. Lately, though, the company appears to be buying content as well, including acquring Hillclimb Media, a producer of niche web sites.
The chief executive is Richard Rosenblatt, the… Continue Reading