Automattic, the company that makes wordpress.com blog publishing software and the wordpress.org open source project reportedly turned down $200m buyout offer . Apparently, they instead took a $50m round of financing to buy out the founder and CEO.
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Fatdoor.com aims to connect you with your neighbors by providing a localized social network for your physical community.
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“The fact is, ChaCha is a bad idea that has been poorly executed. In a sea of dumb startup ideas, ChaCha stands apart as more awful than just about all of the rest. And that didn’t change with today’s funding news. They simply went from being a bad startup, to a well funded bad startup.”
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Growing at 10% a month with a membership base of 160,000, ad-supported IT helpdesk application raised $13m in two rounds of funding. That comes to $81.00 in funding per member.
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South African company Synthasite with their easy to use webpage building application gets $5m in first round funding.
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Veoh TV is like TiVo for the internet. gives users access to virtually all video on the internet from Youtube to Yahoo or wherever. Competition Joost and Babelgum only air videos the company has cut deals with. Unfortunately, Veoh is blocked by the Thailand government.
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Palo Alto based recommendation social network Trusted Opinion has raised $1.3 million Series A. Trusted Opinion offers community based product ratings and recommendations in a social networking setting.
Membership has grown to 350,000 registered members and is adding 3,000 new members a day.
Funding comes in at $3.41 USD per registered member.
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Shasta Ventures put $3.5 million into LinkedIn competitor Doostang, adding to the million or so that they raised previously in an angel round.Doostang is a job site and social network where new users have to be invited by someone currently on the site. That keeps growth small, but the site has been known for having very […]