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    We never meant to stay here

    We never meant to stay here We were here for the gold We got stuck here for the winter Blinded by golden dollar signs We built some simple structures Temporary, not permanent But each year we dug much deeper And each year things got more serious Each year our hearts grew weaker Blinded by golden dollar signs We never meant to stay here We were here for the gold Put a lump of coal in my hand Squeeze just as tight as I can Hope for a brand new diamond I know it’s slight but it’s all I can I promise honey that when we get paid We’ll pack our…

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    Dave McClure is Raising $10M for Asia-Focused 500 Durians LP

    I don’t think I’ve ever laughed out loud reading SEC filings until today, when I saw a filing from 500 Durians. What’s Dave up to now, naming a fund after a smelly fruit? The filings confirmed my suspicions, yes this is another fund run by 500 Startups founder Dave McClure, and it will be focused on investments in Asia. This play on words is apt, comparing the challenges and rewards of investing in Asian startups with the challenges (the smell! the spiky hard skin!) to the rewards (the fruit, which is an acquired taste). Despite the inherent difficulties in making small investments in early stage companies overseas McClure is one…

  • Posts,  Startups

    Sulia Now Driving 6-Digit Traffic to Publishers, on Track to Hit 15-20 Million Uniques This Year

    Thanks to Facebook, Twitter, and Tumblr, cat photos and rants from angry aunts appear in the same feeds as shared recipes and world news. Sulia is changing that by introducing subject-based “channels” where users can consume media about a single topic like technology, politics, or food. Moving away from a single crowded feed towards multiple focused feeds has the potential to be helpful to readers, publishers, and advertisers alike. Pronounced “soo-lee-uh,” the company aggregates news in a style similar to Prismatic, but Sulia has significantly more traffic. Sulia reported a user base of 10 million users when it announced a $1.5M Series A in September of 2012 and has since,…

  • Posts,  Startups

    SpotRight Raises $2.8M for Social Customer Intelligence

    According to a regulatory filing Boulder-based startup SpotRight has raised $2,870,889. The company previously raised $1M in funding in July 2012 from Grotech Ventures, Access Venture Partners and FFP Holdings, and also raised a $1.4M Series A from the same investors under its original name Giveo in January 2011. SpotRight was originally launched as part of TechStars Boulder in the Summer of 2010 and merged with Spot Influence in July 2012. According to the announcement of the merger: “As a combined company, SpotRight unveils an unparalleled platform that helps direct response marketers access social data on their customers and act on it to create real business value.”

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    Wiggles of Hope: Yahoo Stock on the Rise, At Highest Point Since May 2008

    If you invested in Yahoo the day before Marissa Mayer was announced as the new CEO you’re probably pretty happy right now. The price has climbed from $15.36 per share on July 15, 2012 to close at $26.58 today – a 73% gain. For long suffering employees with underwater stock options and shareholders waiting for the price to move this undoubtedly comes as a welcome change. Yahoo’s stock price is now at it’s highest since May 2008 thanks to a steady stream of acquisitions including the purchase of the Tumblr blogging service for $1.1B today, policy changes and other positive PR for the company. While this is still a far…

  • Posts,  Startups

    Project Decor Raises $5M for Social Home Decorating

    In a regulatory filing Project Decor revealed they have raised $5M in venture capital, which includes investment from Launch Capital. The company was founded in September 2011, and previously raised $1.6M in March 2012. Project Decor is cofounded by Andy Appelbaum, Cliff Sirlin, and Aaron Wallace. CEO Appelbaum is a well-known New York angel investor and cofounder of online food delivery service Seamless Web, and previously founded several companies alongside Sirlin. Project Decor aims to help people decorate their homes, and is part of a hot space lead by Houzz and Tastemaker. AngelList currently lists 88 home decor startups on their site. For their part Project Decor seems to be…

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    In Race to Be First on Tumblr Acquisition by Yahoo, Wall Street Journal Publishes Questionable Headline

    Update, Sunday May 19, 2013 @ 6:21pm: Some readers mentioned that they thought they’d read somewhere that Tumblr’s board had already approved the sale, but with hundreds of Tumblr news stories over the past few days we were struggling to track down a link where that was actually published. Now we have that post. Jeff Bercovici wrote at Forbes yesterday that he independently confirmed “Tumblr’s board, which includes representatives from Union Square Ventures, Spark Capital and Sequoia Capital, has already voted to approve Yahoo’s offer.” The Wall Street Journal headline this morning reads href=”http://online.wsj.com/article/SB10001424127887324787004578493130789235150.html”>”Yahoo to Buy Tumblr for $1.1 Billion”, but last I checked the purchase of a company requires…

  • Posts,  Startups

    The $3B+ Exit Tumblr Could Have Had

    It’s all over the news, Yahoo! is in talks to acquire Tumblr. The popular blogging platform, which was founded in New York in 2007, has just a few months of cash left and hasn’t successfully monetized their platform fast enough to cover costs. To date investors have put $125M into the company, most recently infusing it with $85M more in September 2011 at a valuation of over $800M. According to Forbes Tumblr is targeting $100M revenue in 2013 but, according to sources I spoke to who are familiar with the company, actual Q1 revenue growth was flat and Tumblr is on track to do only $15M in revenue this year.…

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    FrogDice, Whoozat, Skyword, AbilTo, Privlo, EnglishHelper, Variable Technologies & Intradiem Raise New Funding

    Every day dozens of companies file their funding rounds with the SEC, but often these stories go uncovered by the mainstream tech press until they receive a pitch. These filings are public, and often quite interesting if you’re willing to dig into the names of the directors to see what’s cooking. Many of these companies are based outside of Silicon Valley and don’t build consumer tech – placing it outside of the editorial focus of many tech publications. Check out the companies whose funding has come across the wire so far today: Kentucky-Based Frogdice Games Raises $576K for Online RPGS, Virtual Worlds, and Casual Games [Source: SEC Filing] The company…