Maveron related stories
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Backed by Mission, Maveron & Emergence, Zui.com LaunchesKidZui, the developer of an Internet browser for kids, has launched its Zui.com search engine for kids aged 3 to 12 years old. The site is backed by $2 million in financing from Mission Ventures, Maveron, Emergence Capital and Scholastic Corp. The company sealed $1 million this spring, and grabbed $1 million last fall. KidZui is based in San Diego, Calif.
- SAY Media Buys Sideshow
San Francisco-based SAY Media, which is backed by investors including August Capital, First Round Capital, Focus Ventures and Maveron, has acquired digital agency Sideshow. Financial terms of the deal were not released. Sideshow was launched in 1999.
- Is There a Bubble with Groupon, LivingSocial Copy Cats?
LivingSocial’s recent $400 million fundraising http://www.prnewswire.com/news-releases/livingsocial-raises-400m-in-funding-and-adds-to-board-of-directors-119315089.html is causing some to wonder if there is a bubble in the daily deals sectors. Ben Choi, a principal with Maveron, doesn’t think there is one when you are referring to market leaders Groupon or LivingSocial. “There is fundamental value in these businesses which have strong cash flow,” he said. Choi was speaking Wednesday at the first ever Daily Deal Summit in New York.
- peHUB First Read
M&A: Apple has $51 billion in cash and a shopping list that may include http://mediamemo.allthingsd.com/20101018/live-apple-earnings-call-2/?mod=ATD_rss Facebook. Plus, Google's Andy Rubin fires back http://www.businessinsider.com/google-andy-rubin-android-2010-10 at Jobs tirade. Privacy: Facebook vows to fix http://www.nytimes.com/2010/10/19/technology/19facebook.html?_r=2&src=twt&twt=nytimesbusiness flaw in data privacy. Merger Off: Did Jack Welch kill http://www.nypost.com/p/news/business/welch_warns_beast_X2jihGZtPm44JUYLyH0z6M the Daily Beast's buy of Newsweek http://www.thedailybeast.com/blogs-and-stories/2010-10-18/daily-beastnewsweek-wedding-off/?cid=hp:beastoriginalsC1 A Landing: Andrew Trader, a former Zynga exec, has joined http://www.nytimes.com/external/venturebeat/2010/10/19/19venturebeat-former-zynga-exec-lands-at-vc-firm-maveron-98567.html?ref=technology VC firm Maveron. Stars in their Eyes: VCs set sights http://www.reuters.com/article/idUSTRE69H4AO20101018 on Hollywood. Pension Crisis: Eleven state pension funds that may run out of money http://finance.yahoo.com/tech-ticker/11-state-pension-funds-that-may-run-of-out-money-yftt_535516.html (i.e. Illinois).