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	<title>paidContent &#187; sequoia capital</title>
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		<title>paidContent &#187; sequoia capital</title>
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		<title>iPad publisher Inkling expands to iPhone</title>
		<link>http://paidcontent.org/2012/07/31/ipad-publisher-inkling-expands-to-iphone/</link>
		<comments>http://paidcontent.org/2012/07/31/ipad-publisher-inkling-expands-to-iphone/#comments</comments>
		<pubDate>Tue, 31 Jul 2012 13:00:40 +0000</pubDate>
		<dc:creator>Laura Hazard Owen</dc:creator>
				<category><![CDATA[inkling]]></category>
		<category><![CDATA[inkling habitat]]></category>
		<category><![CDATA[ipad]]></category>
		<category><![CDATA[iphone]]></category>
		<category><![CDATA[mcgraw-hill]]></category>
		<category><![CDATA[pearson]]></category>
		<category><![CDATA[publishers]]></category>
		<category><![CDATA[sequoia capital]]></category>
		<category><![CDATA[textbooks]]></category>

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		<description><![CDATA[In a move aimed primarily at users of its textbooks, iPad publisher Inkling is making all of its titles available for the iPhone. The company's interactive ebook publishing platform, Habitat, now works for iPhone as well.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=215544&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p><a href="http://gigaompaidcontent.files.wordpress.com/2012/07/inkling-textbook.jpg"><img  title="inkling textbook" src="http://gigaompaidcontent.files.wordpress.com/2012/07/inkling-textbook.jpg?w=200&#038;h=300" alt="" width="200" height="300" class="alignright size-medium wp-image-215547" /></a>iPad publisher Inkling is bringing its textbooks and cookbooks to the iPhone. (The company&#8217;s <a href="http://paidcontent.org/2012/05/01/frommers-inkling/">Frommer&#8217;s travel guides are already available for iPhone</a>.) The books sync across devices and users can download one chapter at a time so they don&#8217;t take up too much space on their phones.</p>
<p>Inkling&#8217;s <a href="http://paidcontent.org/2012/02/14/419-free-interactive-e-book-publishing-platform-from-inkling-not-apple/">interactive ebook publishing platform, Habitat</a>, also now supports iPhone.</p>
<p>Inkling is based in San Francisco and backed by Sequoia Capital as well as major textbook publishers like McGraw-Hill and Pearson.</p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=215544&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/PaidContent_RSS_300x250&#038;sz=300x250&#038;c=592241"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/PaidContent_RSS_300x250&#038;sz=300x250&#038;c=592241" /></a></p>]]></content:encoded>
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			<media:title type="html">inkling iphone molecule</media:title>
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			<media:title type="html">laurahowen38</media:title>
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		<title>iPad Textbook Publisher Inkling Raises $17 Million</title>
		<link>http://paidcontent.org/2011/08/03/419-ipad-textbook-publisher-inkling-raises-17-million/</link>
		<comments>http://paidcontent.org/2011/08/03/419-ipad-textbook-publisher-inkling-raises-17-million/#comments</comments>
		<pubDate>Wed, 03 Aug 2011 18:20:28 +0000</pubDate>
		<dc:creator>Laura Hazard Owen</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[apple]]></category>
		<category><![CDATA[books]]></category>
		<category><![CDATA[companies]]></category>
		<category><![CDATA[e-readers]]></category>
		<category><![CDATA[inkling]]></category>
		<category><![CDATA[ipad]]></category>
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		<category><![CDATA[textbooks]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://paidcontent.wp.gostage.it/2011/08/03/419-ipad-textbook-publisher-inkling-raises-17-million/</guid>
		<description><![CDATA[Just in time for the back-to-school season, iPad interactive textbook publisher Inkling has secured $17 million in Series B funding from inv&#8230;<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=159717&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p>Just in time for the back-to-school season, iPad interactive textbook publisher <a href="http://www.inkling.com" title="Inkling">Inkling</a> has secured $17 million in Series B funding from investors including Tenaya Capital, Pearson (NYSE: PSO) Education, Jafco Ventures and Sequoia Capital.</p>
<p>Inkling works with textbook publishers to rebuild existing textbooks for the iPad, incorporating search, quizzes, note-sharing, audio and video other interactive features. Students can preview free sample chapters and can also buy textbooks by the chapter, starting at $2.99, through Inkling&#8217;s <a href="https://www.inkling.com/store/" title="store">store</a>.</p>
<p>In March, Inkling <a href="http://paidcontent.org/article/419-mcgraw-hill-and-pearson-back-ipad-textbook-startup-inkling/" title="raised funding">raised funding</a> from McGraw-Hill (NYSE: MHP) and Pearson, the world&#8217;s two largest textbook publishers. Inkling now has 33 textbooks in its library, up from 14 in March, and has agreements to develop the top 100 undergrad titles from McGraw-Hill Education, as well as other titles from McGraw-Hill, Pearson and Wolters Kluwer Health.</p>
<p>Inkling&#8217;s announcement comes a day after CampusBookRentals.com, which rents textbooks of the paper variety, announced that it raised over $20 million.</p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=159717&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/PaidContent_RSS_300x250&#038;sz=300x250&#038;c=607754"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/PaidContent_RSS_300x250&#038;sz=300x250&#038;c=607754" /></a></p>]]></content:encoded>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Inkling</media:title>
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			<media:title type="html">laurahowen38</media:title>
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		<title>Take Note: New $50 Million Funding Round For Evernote</title>
		<link>http://paidcontent.org/2011/07/13/419-take-note-new-50-million-funding-round-for-evernote/</link>
		<comments>http://paidcontent.org/2011/07/13/419-take-note-new-50-million-funding-round-for-evernote/#comments</comments>
		<pubDate>Wed, 13 Jul 2011 23:04:59 +0000</pubDate>
		<dc:creator>Tom Krazit</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[apps]]></category>
		<category><![CDATA[evernote]]></category>
		<category><![CDATA[mobile]]></category>
		<category><![CDATA[moconews]]></category>
		<category><![CDATA[paidcontent]]></category>
		<category><![CDATA[search]]></category>
		<category><![CDATA[sequoia capital]]></category>
		<category><![CDATA[social-media]]></category>

		<guid isPermaLink="false">http://paidcontent.wp.gostage.it/2011/07/13/419-take-note-new-50-million-funding-round-for-evernote/</guid>
		<description><![CDATA[With more and more people accessing the Internet from multiple devices, central storage services that tie those devices together are becomin&#8230;<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=159328&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p>With more and more people accessing the Internet from multiple devices, central storage services that tie those devices together are becoming more important. One such service, Evernote, is receiving $50 million in additional investment in order to continue expanding its Web-based note-taking service.</p>
<p>Over 11 million people are using Evernote&#8217;s service through either the Web or mobile devices, the company <a href="http://www.marketwire.com/press-release/evernote-secures-50-million-round-led-sequoia-capital-expansion-acquisition-strategy-1537553.htm" title="said in a press release">said in a press release</a> announcing the new round of funding from Sequoia Capital. The idea is to let users save pictures, e-mails, text snippets from Web sites, or other things they come across on their daily trip across the Internet, and make them accessible from any device. The company&#8217;s logo is an elephant: as in, you&#8217;ll never forget.</p>
<p>Evernote said it&#8217;s trying &#8220;to build [a] global platform for human memory,&#8221; and hired Ken Gullicksen formerly of Morgenthaler Ventures (a partial participant in the funding round) to develop an acquisition strategy for the company as part of the new funding. It&#8217;s also trying to encourage software developers to build applications around its technology, and plans to hold a developer conference in August to try and drum up interest.</p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=159328&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/PaidContent_RSS_300x250&#038;sz=300x250&#038;c=19517"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/PaidContent_RSS_300x250&#038;sz=300x250&#038;c=19517" /></a></p>]]></content:encoded>
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			<media:title type="html">Evernote</media:title>
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			<media:title type="html">tkrazit</media:title>
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		<title>Sequoia&#8217;s Moritz Thinks Digital Investors Have Gone Cuckoo</title>
		<link>http://paidcontent.org/2011/05/31/419-sequoias-moritz-thinks-digital-investors-have-gone-cuckoo/</link>
		<comments>http://paidcontent.org/2011/05/31/419-sequoias-moritz-thinks-digital-investors-have-gone-cuckoo/#comments</comments>
		<pubDate>Tue, 31 May 2011 13:56:31 +0000</pubDate>
		<dc:creator>Robert Andrews</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[bubble]]></category>
		<category><![CDATA[m&a & venture capital]]></category>
		<category><![CDATA[michael moritz]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[paidcontent]]></category>
		<category><![CDATA[paidcontent:uk]]></category>
		<category><![CDATA[sequoia capital]]></category>
		<category><![CDATA[venture capital]]></category>

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		<description><![CDATA[So, is there a new tech bubble? One man who may know is Michael Moritz, the celebrated veteran Sequoia partner who invested in companies lik&#8230;<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=158569&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p>So, is there <a href="http://paidcontent.co.uk/article/419-pwc-this-is-not-a-bubble-valuations-may-be-justified/" title="a new tech bubble">a new tech bubble</a>? One man who may know is <a href="http://en.wikipedia.org/wiki/Michael_Moritz" title="Michael Moritz">Michael Moritz</a>, the celebrated veteran Sequoia partner who invested in companies like Google (NSDQ: GOOG), Yahoo (NSDQ: YHOO) and, oh, LinkedIn.</p>
<p>&#8220;I think that the cuckoos have flown out of their clocks,&#8221; <a href="http://www.thetimes.co.uk/tto/business/industries/technology/article3044965.ece" title="Moritz tells The Times">Moritz tells The Times</a>. &#8220;But eventually gravity will take hold and the cuckoos will fall to earth.</p>
<p>&#8220;I would tell investors right now to wear the Nancy Reagan button that said &#8216;Just Say No&#8217;. The two most powerful letters for investors are N-O. The difference between two letters and three letters right now can be really profound.</p>
<p>&#8220;A lot of people who are purchasers today were in high school in 1999. Those who decide to climb aboard everything will find themselves among the crash victims. And it&#8217;s going to be a long list of victims.&#8221;</p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=158569&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/PaidContent_RSS_300x250&#038;sz=300x250&#038;c=183764"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/PaidContent_RSS_300x250&#038;sz=300x250&#038;c=183764" /></a></p>]]></content:encoded>
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		<slash:comments>2</slash:comments>
	
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			<media:title type="html">Michael Moritz</media:title>
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			<media:title type="html">robertandrews</media:title>
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		<title>Sugar Raises $15 Million In Part For More Acquisitions</title>
		<link>http://paidcontent.org/2011/04/13/419-sugar-raises-15-million-in-part-for-more-acquisitions/</link>
		<comments>http://paidcontent.org/2011/04/13/419-sugar-raises-15-million-in-part-for-more-acquisitions/#comments</comments>
		<pubDate>Wed, 13 Apr 2011 12:45:30 +0000</pubDate>
		<dc:creator>Joseph Tartakoff</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[companies]]></category>
		<category><![CDATA[institutional venture partners]]></category>
		<category><![CDATA[m&a & venture capital]]></category>
		<category><![CDATA[media & publishing]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[nbc universal]]></category>
		<category><![CDATA[paidcontent]]></category>
		<category><![CDATA[sequoia capital]]></category>
		<category><![CDATA[sugar]]></category>
		<category><![CDATA[venture capital]]></category>
		<category><![CDATA[women-centric content]]></category>

		<guid isPermaLink="false">http://paidcontent.wp.gostage.it/2011/04/13/419-sugar-raises-15-million-in-part-for-more-acquisitions/</guid>
		<description><![CDATA[Female-focused online media company Sugar has raised $15 million in a new round of funding led by Institutional Venture Partners; existing b&#8230;<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=157792&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p>Female-focused online media company <a href="http://www.sugarinc.com/" title="Sugar">Sugar</a> has raised $15 million in a new round of funding led by Institutional Venture Partners; existing backer Sequoia Capital also participated. The company says it will use the new cash &#8220;for brand extensions, acquisitions, and international growth.&#8221; Its existing portfolio of sites, which includes flagship <a href="http://www.popsugar.com/" title="PopSuga">PopSugar</a>, attracts 20 million unique visitors a month.</p>
<p>Sugar had already made several acquisitions over the last year aimed in part at diversifying its revenue beyond display advertising. It <a href="http://paidcontent.org/article/419-sugar-buys-online-shopping-startup-myperfectsale/" title="purchased">picked up</a> private sales site MyPerfectSale in October, as well as daily deals site FreshGuide <a href="http://paidcontent.org/article/419-sugar-buys-daily-deals-site-freshguide/" title="last June">in June</a>.</p>
<p>The company&#8217;s latest funding round brings its total backing to $46 million. Sugar had most recently <a href="http://paidcontent.org/article/419-blog-network-sugar-buys-shopflick.com-raises-16-million-in-third-round/" title="raised $16 million">raised $16 million</a> in a funding round in June 2009. It used some of the proceeds of that round to buy back the shares it had sold in 2007 to NBC Universal (NSDQ: CMCSA). The media conglomerate at one point handled Sugar&#8217;s ad sales, although it <a href="http://paidcontent.org/article/419-sugar-inc-taking-back-ad-sales-from-nbcu-but-investment-remains/" title="took back">took back</a> those operations nearly three years ago. </p>
<p>Some more details in <a href="http://www.marketwire.com/press-release/Sugar-Inc-Closes-Investment-From-Institutional-Venture-Partners-and-Sequoia-Capital-1426793.htm" title="the release here">the release here</a>.</p>
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			<media:title type="html">Popsugar</media:title>
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			<media:title type="html">gigaedit</media:title>
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		<title>Money Flows To Mobile Startups: Appia, Apperian, Bubble Motion, And Others</title>
		<link>http://paidcontent.org/2011/03/30/419-money-flows-to-mobile-startups-appia-apperian-bubble-motion-and-others/</link>
		<comments>http://paidcontent.org/2011/03/30/419-money-flows-to-mobile-startups-appia-apperian-bubble-motion-and-others/#comments</comments>
		<pubDate>Wed, 30 Mar 2011 23:55:41 +0000</pubDate>
		<dc:creator>Ingrid Lunden</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[android]]></category>
		<category><![CDATA[apperian]]></category>
		<category><![CDATA[appia]]></category>
		<category><![CDATA[apple]]></category>
		<category><![CDATA[apps]]></category>
		<category><![CDATA[asia]]></category>
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		<guid isPermaLink="false">http://paidcontent.wp.gostage.it/2011/03/30/419-money-flows-to-mobile-startups-appia-apperian-bubble-motion-and-others/</guid>
		<description><![CDATA[It may not be $41 million, but there are still serious funds flowing into the mobile sector at the moment, and the companies taking advantag&#8230;<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=157574&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p>It may not be <a href="http://moconews.net/article/419-color-me-intrigued-color-app-launches-41-million-funding-in-its-pocket/" title="$41 million">$41 million</a>, but there are still serious funds flowing into the mobile sector at the moment, and the companies taking advantage of the loosened purse strings are all over the map in terms of what they&#8217;re doing to get investors&#8217; attention. Today the white-label app store operator Appia, and the voice-based social network Bubble Motion each announced that they were picking up $10 million in investment. The news follows recent funding announcements for Apperian ($9.5 million), Newsy ($1.5 million), Sundrop ($900,000) and MobiCart ($500,000).</p>
<p>White-label app store <a href="http://www.appia.com" title="Appia">Appia</a> today announced that it has raised a $10 million round of investment from Venrock, the VC firm started by the Rockefeller family. Dev Khare, the VP of Venrock, will join Appia&#8217;s board as part of the deal.</p>
<p>The primary business for Appia is offering a white-label app store that partners with various mobile operators, portals and other brands looking to get into that business but not wanting to go through the whole process of setting up and building out the inventory for it alone. Currently there are some 130,000 apps in Appia&#8217;s catalogue. </p>
<p>Among recent deals, the mobile browser developer Opera recently launched a store with Appia &#8212; which resulted in the Opera app <a href="http://moconews.net/article/419-getjar-ejects-opera-mini-from-its-app-store/" title="getting ejected">getting ejected</a> from GetJar&#8217;s app store for violating a non-compete clause.</p>
<p>Getting taken off GetJar&#8217;s store might impact Opera&#8217;s traffic to some extent, but tut that kind of head doesn&#8217;t seem to be deterring investors. This most recent funding comes after a <a href="http://moconews.net/article/419-googles-schmidt-and-blackberry-fund-open-pocketbooks-for-pocketgear/" title="$15 million round">$15 million round</a> raised last August from Eric Schmidt&#8217;s Tomorrow Ventures and the BlackBerry Partners Fund, when the company was still called PocketGear &#8212; it <a href="http://moconews.net/article/419-going-non-native-appia-funded-by-eric-schmidt-and-more-from-getjar/" title="rebranded as Appia in Feburary">rebranded as Appia in Feburary</a>. Total funding for the company now stands at $29.8 million.</p>
<p>Another play at app stores, but from the enterprise angle, has also seen some investment: <a href="http://www.apperian.com" title="Apperian">Apperian</a>, started by the ex-Apple (NSDQ: AAPL) employee Chuck Goldman, has <a href="http://www.apperian.com/press/Apperian_Raises_9.5_Million_from_Top_Firms.html" title="picked up $9.5 million">picked up $9.5 million</a> in funding led by North Bridge Venture Partners, Bessemer Venture Partners, Kleiner Perkins Caufield &#038; Byers&#8217; (KPCB) iFund, with participation also from CommonAngels and LaunchCapital, who provided the startup with seed funding.</p>
<p>Apperian&#8217;s main idea is to provide a platform to enterprises so that they can effectively create their own walled app stores for their employees &#8212; a big area not only for smartphone use but for the growing number of tablets that are getting adopted by businesses. Apperian currently provides this service for the iOS platform (iPhones and iPads) but will be extending it to Android soon.</p>
<p><a href="http://www.bubblemotion.com" title="Bubble Motion">Bubble Motion</a>, which runs the voice-based social networking service Bubbly, has raised $10 million. The round was led by SingTel Innov8, the pan-Asian operator SingTel Group&#8217;s VC fund, with participation also from Singapore&#8217;s Infocomm Investments, Sequoia Capital, Palomar Ventures, and NGC.</p>
<p>Since launching one year ago, Bubbly has picked up 7 million users in India, Indonesia, Japan and the Philippines, which follows a similar structure to Twitter with followers and the like, except that instead of posting short texts people can post audio clips. The funding will be used to extend the service into further countries and to expand to more platforms such as smartphones, the mobile web and more service provider partnerships (like Twitter&#8217;s early days, it bases a lot of its current messaging around deals with individual mobile operator partnerships).</p>
<p><a href="http://www.sundropmobile.com" title="Sundrop Mobile">Sundrop Mobile</a> has picked up $900,000, in a round led by Vocap Ventures, to extend its mobile loyalty solutions business: it offers merchants a system whereby they use a consumer&#8217;s mobile phone number instead of a loyalty card to collect shopping information and push out offers to users, charging merchants $99 per month plus five cents for each text message sent out.</p>
<p>In the nine months since it launched, Sundrop Mobile has been targeting the hospitality sector with its services. According to <a href="http://techcrunch.com/2011/03/29/sundrop-mobile-raises-900k-offers-mobile-loyalty-solution-to-daily-deal-merchants/" title="TechCrunch">TechCrunch</a> it will use the new funding to extend that to retail, convenience and grocery businesses.</p>
<p>In another round of funding for the m-commerce space, <a href="http://www.mobi-cart.com/blog/press-releases/mobicart-secures-500000-funding-round" title="MobiCart">MobiCart</a>, which has operations in San Francisco and Newcastle, UK, has picked up a $500,000 seed round. The company&#8217;s main line of business today is a free platform for developers to create m-commerce apps for Apple iPhones, which it launched last year. The company will use the funding to extend the service to other platforms &#8212; Android and iPad support are supposed to come online in eight weeks, with more platforms to come soon after. It also plans to add more commercial functionality to the platform, including barcode scanning, coupons and loyalty schemes. </p>
<p>For these smaller investments, it&#8217;s interesting to see startups continuing to go local when fundraising. MobiCart says that the lead investor in the seed round was the Finance for Business North East Angel Fund, which is managed by Rivers Capital Partners.</p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=157574&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/PaidContent_RSS_300x250&#038;sz=300x250&#038;c=859710"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/PaidContent_RSS_300x250&#038;sz=300x250&#038;c=859710" /></a></p>]]></content:encoded>
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		<title>Widgetbox Rebrands As Display Platform Flite, Raises $12 Million</title>
		<link>http://paidcontent.org/2011/03/09/419-widgetbox-rebrands-as-display-platform-flite-raises-12-million/</link>
		<comments>http://paidcontent.org/2011/03/09/419-widgetbox-rebrands-as-display-platform-flite-raises-12-million/#comments</comments>
		<pubDate>Wed, 09 Mar 2011 18:30:27 +0000</pubDate>
		<dc:creator>David Kaplan</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[general catalyst partners]]></category>
		<category><![CDATA[hummer winblad venture partners]]></category>
		<category><![CDATA[m&a & venture capital]]></category>
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		<category><![CDATA[widgetbox]]></category>

		<guid isPermaLink="false">http://paidcontent.wp.gostage.it/2011/03/09/419-widgetbox-rebrands-as-display-platform-flite-raises-12-million/</guid>
		<description><![CDATA[Ad tech firm Flite (fka Widgetbox) has raised $12 million third round as it completes its rebranding from a community for widget developers&#8230;<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=157174&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p>Ad tech firm <a href="http://www.widgetbox.com/" title="Flite">Flite</a> (fka Widgetbox) has raised $12 million third round as it completes its rebranding from a community for widget developers to one that serves as a display ad platform.</p>
<p>The round was led by General Catalyst Partners, with participation from existing investors Sequoia Capital, Hummer Winblad and NCD Investors.</p>
<p>The San Francisco company is the latest to provide a cloud-based advertising platform that lets marketers to create interactive ads that can be studied and altered in real-time so as to provide better engagement. Among Flite&#8217;s publishing partners are such names as LinkedIn, Forbes, Yahoo (NSDQ: YHOO), CBS Interactive (NYSE: CBS) and IDG.</p>
<p>&#8220;Online display ads have, for the most part, remained unchanged since they first came into existence more than a decade ago,&#8221; said Will Price, CEO of Flite. </p>
<p>A number of other companies agree. As display has made a strong recovery over the past year, more marketers are willing to look at it as a branding medium. It isn&#8217;t there yet, since &#8220;engagement&#8221; is still a rather nebulous concept (&#8220;Does it mean someone clicked an ad or just brushed their cursor over it?&#8221;). Now that the dollars are flowing into companies like Flite, there are going to be greater demands to get some clarity around engagement. And the companies that best define it will be the big winners, hence the amount of venture capital being directed at Flite and others.</p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=157174&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/PaidContent_RSS_300x250&#038;sz=300x250&#038;c=29796"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/PaidContent_RSS_300x250&#038;sz=300x250&#038;c=29796" /></a></p>]]></content:encoded>
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		<title>Google Ventures, Sequoia Capital and Salesforce Back HubSpot</title>
		<link>http://paidcontent.org/2011/03/09/419-google-ventures-sequoia-capital-and-salesforce-back-hubspot/</link>
		<comments>http://paidcontent.org/2011/03/09/419-google-ventures-sequoia-capital-and-salesforce-back-hubspot/#comments</comments>
		<pubDate>Wed, 09 Mar 2011 03:30:58 +0000</pubDate>
		<dc:creator>Joseph Tartakoff</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[companies]]></category>
		<category><![CDATA[google]]></category>
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		<guid isPermaLink="false">http://paidcontent.wp.gostage.it/2011/03/09/419-google-ventures-sequoia-capital-and-salesforce-back-hubspot/</guid>
		<description><![CDATA[Three huge Silicon Valley names -- Sequoia Capital, Google (NSDQ: GOOG) Ventures, and Salesforce.com -- are investing in HubSpot, as part of&#8230;<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=157169&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p>Three huge Silicon Valley names &#8212; Sequoia Capital, Google (NSDQ: GOOG) Ventures, and Salesforce.com &#8212; are investing in <a href="http://www.hubspot.com/" title="HubSpot">HubSpot</a>, as part of the startup&#8217;s $32 million fourth round of funding. HubSpot sells all-in-one software used by businesses to get online leads; it includes content management and SEO tools so that businesses can create and promote content relevant to potential customers and also lets them track and follow up with leads.</p>
<p>HubSpot competes with a number of companies with similar offerings, including Eloqua and Marketo, although it says its customer base is substantially larger. The company claims 4,000 customers, up from 1,800 in October 2009 when <a href="http://paidcontent.org/article/419-hubspot-raises-16-million-in-third-round-for-online-marketing-platform/" title="it raised">it raised</a> $16 million in a funding round. This round brings the company&#8217;s total backing to date to $65 million. All of its existing investors participated.</p>
<p>CEO Brian Halligan said the company had not planned to raise the additional cash but decided to do so in order to &#8220;double down.&#8221; Much of the cash, he said, would go toward research and development. </p>
<p>HubSpot is on track to post $25 million in annual sales, more than double last year&#8217;s total. Halligan said it was too early for the company to go public &#8212; but it does plan to do so eventually.</p>
<p>Here&#8217;s a video overview of HubSpot&#8217;s features:</p>
<p><object style="height: 390px; width: 640px"><param name="movie" value="http://www.youtube.com/v/m0UQucWM0Zw?version=3"><param name="allowFullScreen" value="true"><param name="allowScriptAccess" value="always"><embed src="http://www.youtube.com/v/m0UQucWM0Zw?version=3" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="640" height="390"></object></p>
<p></br></p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=157169&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/PaidContent_RSS_300x250&#038;sz=300x250&#038;c=667529"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/PaidContent_RSS_300x250&#038;sz=300x250&#038;c=667529" /></a></p>]]></content:encoded>
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		<title>Sharing App Bump Picks Up $16M To Expand Business To Payments And More</title>
		<link>http://paidcontent.org/2011/01/11/419-sharing-app-bump-picks-up-16m-to-expand-business-to-payments-and-more/</link>
		<comments>http://paidcontent.org/2011/01/11/419-sharing-app-bump-picks-up-16m-to-expand-business-to-payments-and-more/#comments</comments>
		<pubDate>Tue, 11 Jan 2011 18:09:28 +0000</pubDate>
		<dc:creator>Ingrid Lunden</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[andreessen horowitz]]></category>
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		<category><![CDATA[david lieb]]></category>
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		<guid isPermaLink="false">http://paidcontent.wp.gostage.it/2011/01/11/419-sharing-app-bump-picks-up-16m-to-expand-business-to-payments-and-more/</guid>
		<description><![CDATA[Bump Technologies, which makes an app that lets users share information with each other by bumping their iPhones/iPods or Android devices to&#8230;<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=156097&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p><a href="http://bu.mp/" title="Bump Technologies">Bump Technologies</a>, which makes an app that lets users share information with each other by bumping their iPhones/iPods or Android devices together, has picked up $16 million in funding in a round led by Andreessen Horowitz.</p>
<p>Also participating were Sequoia Capital, Ram Shriram from Sherpalo, and Ron Conway from SV Angel, according to a <a href="http://blog.bu.mp/a-merry-christmas-and-a-happy-new-year" title="blog post">blog post</a> from Bump. Marc Andreessen will also join the board of Bump. </p>
<p>Bump has had a huge growth spurt in the last year. It currently has 25 million subscribers, adding one million in the last two weeks alone. The company&#8217;s iOS app lets users share photos, music, contacts, calendar events and text messages by touching their devices together. The company says a new android app with enhanced features is &#8220;in the works.&#8221; </p>
<p>Bump&#8217;s founders, David Lieb and Jake Mintz, say that traffic has increased five-fold in the last five months (via <a href="http://mashable.com/2011/01/11/bump-funding/" title="Mashable">Mashable</a>). They also say that of its 25-million base, some seven million are &#8220;active&#8221; (having used the app in the last 28 days).</p>
<p><strong>Business model</strong>: At this point, the Bump app remains free, and the main focus is to continue to grow the user base and monitor how the app is used, but Lieb and Mintz say that the company has been approached by other companies like record labels to potentially work together to pass content on to users. There is also potentially a larger play in the m-commerce space, too: the app already has a function to let users transfer money to each other.</p>
<p>The company currently employs 15 people but is in the process of <a href="http://bu.mp/jobs" title="hiring">hiring</a> more.</p>
<p>This year is kicking of with a lot of VC activity in the mobile space: in addition to participating in the Bump funding, Sequoia is also the lead investor in the $25 million round of funding at mobile payment startup <a href="http://moconews.net/article/419-mobile-payment-startup-square-raises-27.5-million-as-mobile-shopping-bo/" title="Square">Square</a>, announced yesterday. Last week, <a href="http://moconews.net/article/419-report-skype-to-buy-video-sharing-service-qik-for-100m/" title="Skype">Skype</a> announced it was buying mobile video streaming and sharing company Qik: Andreessen Horowitz has large investments in both companies.</p>
<p>The current round of funding for Bump comes about 14 months after it raised $3 million in a round led by Sequoia.</p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=156097&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/PaidContent_RSS_300x250&#038;sz=300x250&#038;c=847992"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/PaidContent_RSS_300x250&#038;sz=300x250&#038;c=847992" /></a></p>]]></content:encoded>
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		<title>Mobile Payment Startup Square Raises $27.5 Million As Mobile Shopping Booms</title>
		<link>http://paidcontent.org/2011/01/11/419-mobile-payment-startup-square-raises-27-5-million-as-mobile-shopping-bo/</link>
		<comments>http://paidcontent.org/2011/01/11/419-mobile-payment-startup-square-raises-27-5-million-as-mobile-shopping-bo/#comments</comments>
		<pubDate>Tue, 11 Jan 2011 02:19:01 +0000</pubDate>
		<dc:creator>Ingrid Lunden</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[jack dorsey]]></category>
		<category><![CDATA[keith rabois]]></category>
		<category><![CDATA[khosla ventures]]></category>
		<category><![CDATA[m&a & venture capital]]></category>
		<category><![CDATA[mergers & acquisitions]]></category>
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		<category><![CDATA[roelof botha]]></category>
		<category><![CDATA[sequoia capital]]></category>
		<category><![CDATA[square]]></category>

		<guid isPermaLink="false">http://paidcontent.wp.gostage.it/2011/01/11/419-mobile-payment-startup-square-raises-27-5-million-as-mobile-shopping-bo/</guid>
		<description><![CDATA[Off the back of the strongest holiday season yet for mobile shopping, mobile payment startup Square has raised a round of funding worth $27.&#8230;<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=156089&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p>Off the back of the strongest holiday season yet for <a href="http://www.prnewswire.com/news-releases/explosion-in-mobile-retail-provides-huge-opportunity-for-retailers-113194419.html" title="mobile shopping">mobile shopping</a>, mobile payment startup <a href="https://squareup.com/" title="Square">Square</a> has raised a round of funding worth $27.5 million. This brings the company&#8217;s total valuation to $240 million.</p>
<p>The round was led by Sequoia Capital, and partner Roelof Botha &#8212; a former CFO of PayPal and early investor in YouTube (NSDQ: GOOG) &#8212; will join Square&#8217;s board.</p>
<p>The news caps off a bumpy year for the payment company. </p>
<p>Square faced a lawsuit over its main product, a credit card dongle that plugs into a smartphone to process payments by either merchants or customers. And the product itself had problems working on the iPhone 4, one of the key devices targeted by the company. And in <a href="http://moconews.net/article/419-square-suspends-reader-shipments-to-deal-with-credit-risk-and-fraud-iss/" title="June">June</a>, company founder and CEO Jack Dorsey &#8212; one of the co-founders of Twitter &#8212; wrote a letter to early users to say that the company had to suspend shipments of their dongles to deal with credit risk and fraud issues. </p>
<p>Things finally looked like they were turning a corner in October, when the company finally launched its commercial product publicly. Since then, the company has seen between 30,000-50,000 business sign up for the service every month, according to COO Keith Rabois, who spoke to the <a href="http://blogs.wsj.com/digits/2011/01/10/square-raises-275-million/" title="WSJ">WSJ</a>. Square is not reporting the size of its overall customer base.</p>
<p>Mr. Dorsey, speaking to the WSJ, said the company will be using the funding to expand its staff &#8212; it currently employees 64 people &#8212; and &#8220;accelerate word of mouth&#8221; about the company. One of the key targets for Square are small businesses that currently do not process credit card transactions because of the fees involved. (Square takes a fee from each transaction but presumably it is significantly smaller than those levied by Visa and merchant acquirers.) </p>
<p>Square raised a previous round of $10 million, led by Khosla Ventures, in late 2009, which valued the company at $45 million.</p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=paidcontent.org&#038;blog=33319749&#038;post=156089&#038;subd=gigaompaidcontent&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/PaidContent_RSS_300x250&#038;sz=300x250&#038;c=173312"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/PaidContent_RSS_300x250&#038;sz=300x250&#038;c=173312" /></a></p>]]></content:encoded>
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