Peter Krasilovsky's

Local Onliner

Jun 14
2011

Amex’s Serve and AOL’s Patch.com Partner for Prepaid, Paperless Deals

Ease of transaction, rewards and “exclusives” will be key to the next generation of deals, and the credit card companies are determined to play a major role. MasterCard is working with NextJump for special rewards programs, and has a number of other initiatives in the space (which key execs will discuss at our Deals 3D …continue reading »

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Jun 2
2011

Patch: 194% Growth in 6 Months; New Mobile, Deals Focus

AOL’s Patch.com, which is now in 813 markets and is meeting internals goals and poised for success, according to President Warren Webster, who addressed San Diego Interactive Day yesterday. Webster says that Patch is now reaching 6.9 million unique visitors, and has seen 194 percent growth in the past six months. The site will continue …continue reading »

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Feb 7
2011

AOL Buys Huffington Post; Huffington to Run AOL Local

AOL will buy The Huffington Post for $300 Million in cash and $15 million in stock, and put Arianna Huffington in charge of the AOL Local sites (Mapquest, Patch, MovieFone) as well as its growing collection of opinionated tech and vertical news properties, such as TechCrunch, Engadget and Popeater. AOL’s vertical sites, such as TMZ.com, …continue reading »

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Jun 2
2010

Main Street Connect Raises $4 Million

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 attempt …continue reading »

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Mar 18
2010

AOL Sets up $10 Million Venture Fund for Local Startups

Paid Content reports that AOL Ventures is creating a $10 million venture capital fund for local startups. The fund expects to support the “increasing number of startups” in the market. AOL Ventures had previously announced that it is spending $50 million this year to launch Patch.com in “hundreds” of communities. The company also announced it …continue reading »

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Feb 17
2010

AOL’s Patch.com Set for ‘Hundreds’ of Communities

AOL Ventures’ EVP Jon Brod Patch.com, AOL’s hyperlocal network, will grow from its tally of 30 sites today to “hundreds” by the end of 2010, per an internal memo read by Business Insider (and that we saw on www.netnewscheck.com). The memo sites AOL’s goals to be “the global and local leader in sourcing, creating, producing …continue reading »

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Oct 27
2009

Armstrong: IYP ‘More Important, Not Less;’ Hyperlocal ‘Patch’ Spreads

AOL CEO Tim Armstong,

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