eBay buys recommendations website
EBay has $3.5bn in cash and has been on a spending spree
Internet auction site eBay has bought StumbleUpon, a website that recommends other websites, for $75m (£38m).
The deal means eBay will get access to almost 2.5 million registered users, who recommend sites to each other.
Users get search results that are based on their profiles, which the site says gives them more relevant results than a regular search engine.
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Thursday, May 31, 2007
Wednesday, May 30, 2007
Sold - Last.fm $280M
CBS buys online music site Last.fm
By Kate Holton and Kenneth Li
LONDON/NEW YORK (Reuters) - CBS Corp. said on Wednesday it bought Last.fm, the online music service that allows fans with similar tastes to connect, for $280 million in a bid to attract young audiences.
The London-based service has more than 15 million active users in over 200 countries, CBS said, and has earned praise for a system that recommends songs by tracking users' music-playing habits and linking them to other fans with similar tastes.
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By Kate Holton and Kenneth Li
LONDON/NEW YORK (Reuters) - CBS Corp. said on Wednesday it bought Last.fm, the online music service that allows fans with similar tastes to connect, for $280 million in a bid to attract young audiences.
The London-based service has more than 15 million active users in over 200 countries, CBS said, and has earned praise for a system that recommends songs by tracking users' music-playing habits and linking them to other fans with similar tastes.
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General Info - Costs
JUNE 4, 2007
Crunch Time At A Web Startup
Fast-growing Meebo has VC backing, great ideas, and rivals nipping at its heels
...
It doesn't take much for a typical Web 2.0 media startup to reach breakeven--only around $2.8 million of revenues to cover expenses, estimates Jeremy Liew, a partner at Lightspeed Venture Partners. But to get a $500 million market capitalization--the kind of valuation that would justify a public offering and provide a good return to venture capitalists--revenues need to hit around $130 million.
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Right now the most hotly discussed topic among these friends is how to spend the money their companies have raised. Meebo has $12.5 million from two rounds of venture funding from Marc Andreessen, Sequoia Capital, and venture-capital firm Draper Fisher Jurvetson. That's about in line with the $15 million to $25 million some VCs estimate it costs to build a highly profitable Web-services company. For the moment, Meebo's fastest-growing expense is salaries. The company has 16 employees but expects to have 30 by yearend, with each new employee adding about $10,000 a month to costs.
...
Crunch Time At A Web Startup
Fast-growing Meebo has VC backing, great ideas, and rivals nipping at its heels
...
It doesn't take much for a typical Web 2.0 media startup to reach breakeven--only around $2.8 million of revenues to cover expenses, estimates Jeremy Liew, a partner at Lightspeed Venture Partners. But to get a $500 million market capitalization--the kind of valuation that would justify a public offering and provide a good return to venture capitalists--revenues need to hit around $130 million.
...
Right now the most hotly discussed topic among these friends is how to spend the money their companies have raised. Meebo has $12.5 million from two rounds of venture funding from Marc Andreessen, Sequoia Capital, and venture-capital firm Draper Fisher Jurvetson. That's about in line with the $15 million to $25 million some VCs estimate it costs to build a highly profitable Web-services company. For the moment, Meebo's fastest-growing expense is salaries. The company has 16 employees but expects to have 30 by yearend, with each new employee adding about $10,000 a month to costs.
...
Thursday, May 24, 2007
General Info - Guy Kawasaki
* The Art of Pitching. This reading, based on Chapter 3 of The Art of the Start, explains how to pitch your organization in a shorter and clearer way.
* The Art of Raising Capital. This reading, based on Chapter 7 of The Art of the Start, explains the overall process of raising money for your organization.
* The Art of the Start
* Rules for Revolutionaries
* Every Company a Startup
Full-text PDF of my infamous Palo Alto High School baccalaureate speech (PDF: 76KB). It has cost parents thousands of dollars, so read it at your own risk.
* The Art of Raising Capital. This reading, based on Chapter 7 of The Art of the Start, explains the overall process of raising money for your organization.
* The Art of the Start
* Rules for Revolutionaries
* Every Company a Startup
Full-text PDF of my infamous Palo Alto High School baccalaureate speech (PDF: 76KB). It has cost parents thousands of dollars, so read it at your own risk.
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