With 200+ deal a day sites and vendors, the only way to carve out a niche is to find dramatically different takes on group buying (i.e. focusing on verticals or integrating with other content). How about making your buys visible to your entire social network, and going deeper on the game mechanisms?
That’s the approach [...]
Category Archives: Money
HomeRun Shows What-and-When You Bought on its ‘Daily Steals’
August 18, 2010 – 10:54 pm
Redbeacon Raises $7.4 Million; Interview with CEO Ethan Anderson
August 5, 2010 – 8:44 pm
Redbeacon, the six person San Francisco based service referral company, announced today that it has raised a heady $7.4 million in Series A financing from Mayfield Fund and Venrock. CEO and Co-founder Ethan Anderson tells us that the company needed such a huge round to quickly ramp up the staff, including engineers, designers and [...]
Thumbtack, a Service Leads Provider, Raises $1.2 Million
June 9, 2010 – 11:08 pm
Thumbtack, one of the new breed of service lead companies such as Alikelist, Red Beacon, HelpHive and others seeking to push aside leaders such as ServiceMagic and Angie’s List (and the Yellow Pages), announced today it has raised $1.2 million, and now has raised a war-chest of $1.7 million altogether. The new angel [...]
Main Street Connect Raises $4 Million
June 2, 2010 – 12:41 am
Main Street Connect, a new hyperlocal network founded by former community newspaper executive Carll Tucker, former SmartReply exec John Falcone and others in the New York suburbs, notified the SEC on May 26 that it has raised $3.97 million for “working capital” from ten angel investors. The same form notes that the company will [...]
Groupon Buys CityDeal; Gains Access to 80 European Markets
May 17, 2010 – 1:07 pm
Groupon, the pioneering Deal a Day provider, has used some of the proceeds of its recent $135 million round to buy CityDeal, a European imitator that has launched in 80 markets in 16 countries. The cost of the deal has not been disclosed but CityDeal has raised $5.6 million. BIA/Kelsey notes that more than [...]
ReachLocal IPO Moving Ahead
May 6, 2010 – 5:22 pm
ReachLocal says it is going ahead with its IPO. A new filing with the SEC noted that it will price 4.8 million shares between $17-$19, allowing it to raise between $81.6 million and 91.2 million — below the $100 million it originally wanted to raise. If the IPO is successful, it may be followed [...]
Cox Sells 25 percent of AutoTrader.com
May 5, 2010 – 9:43 pm
Cox Enterprises has sold 25 percent of AutoTrader.com to Providence Equity Partners, a company that manages $22 billion in its portfolio and whose website says it likes to take equity shares “between $250 million and $2.5 billion.” Terms were undisclosed. Providence has shares in a wide range of companies, including Univision, NexTag, Hulu and WhitePages.com.
The [...]
