Building a startup 5,000 miles from Washington, DC
I am writing this post from a gorgeous, modern co-working space in Santiago, Chile, and, yes, it is the middle of Spring in November down here in the southern hemisphere. I am from Rockville, MD, and – while I miss my family and friends in the DC-area greatly – I am constantly reminded of the [...]
App47 Raises $1 Million Raise from Valhalla Partners
App47, a Reston, VA based startup company that provides enterprise mobile application management tools has just announced their January 2011 raise of $1 million in initial funding from Valhalla Partners. Their offering includes mobile application analytics to be used by companies to improve mobile apps. The company was co-founded by Chris Schroeder and [...]
Former Washington Area Startup, Social Gaming Network (SGN), Acquired!
Social Gaming Network (SGN), a Washington area startup that left for the bay area a few years ago, was acquired this week by Mind Jolt, another gaming network. The terms of the deal were not disclosed. Congratulations to Shervin Pishevar, a friend and former coworker.
You may recall that back in the 2006-2007 time-frame, Freewebs (now [...]
Living Social Raises An Additional $400 Million, Bringing Their VC Tab to a Whopping $797 Million!
I’m going to do something I rarely do: eat my own words. There apparently is a bubble in Washington, DC after all. All the people out there saying there is a bubble are just plain eager to have one, but they have been focusing their attention in the wrong places. It is just a one [...]
It’s Not All About The Product
I hear from people all the time who talk to investors and walk away frustrated because the investor wasn’t impressed with their product. In some cases it is because the investor doesn’t get the product. The same is true of the investors. This seems to be especially true for people pitching B2B and web based products. The reasoning [...]
Clarabridge Raises $4.33 Million in Funding
Mclean, VA based Clarabridge, Inc., an established player in the text and sentiment analytics software space has just announced that it has secured $4.33 million from previous investors plus MicroStrategy COO Sanju Bansal. Sanju became a board member for Clarabridge in 2009.
Clarabridge’s product offerings include Clarabridge Enterprise, a tool that collects a wide variety of customer [...]
$14 Million Series C Round for LivingSocial
At $44 million in investment, thanks to a Series C round of investment of $14 Million lead by Lightspeed Venture Partners, followed by U.S. Venture Partners, Grotech, and Steve Case, LivingSocial is reaching a critical mass that by far surpasses funding rounds for any other web or software startup on the East Coast that we [...]
