The Daily Reviewer | Stephen's Posterous

Lehman Brothers Examiner's Report

Mar 13, 2010 10:52pm

On March 11, 2010, Anton Valukas, the court-appointed examiner in the bankruptcy cases of Lehman Brothers Holdings Inc. and its affiliates, released his 2,200-page report. Mr. Valukas, a senior partner at the Chicago law firm of Jenner & Block, spent about a year investigating the collapse of...

LivingSocial Raises $25M in 2nd Round

Mar 12, 2010 6:24am

LivingSocial has raised $25 million in a second round of funding, which was led by U.S. Venture Partners with Grotech Ventures and Revolution, LLC participating. LivingSocial has now raised a total of $35 million according to PaidContent.org. LivingSocial's website allows users indicate and share favorite things on social networks. It...

Chomp Raises $2M for iPhone Application Reviews

Mar 11, 2010 6:38am

Chomp has raised an additional $2 million in funding from BlueRun Ventures, Brian Pokomy, and David Lee. The company previously raised $565,000 in angel funding from Ron Conway, Aydin Senkut and Auren Hoffman. Chomp is an iPhone application allows users to review iPhone applications with a simple like or dislike feature...

Todacell Raises $1M For Mobile Ads

Mar 10, 2010 6:37am

Todacell has raised $1 million in additional funding from AfterDox. The company had raised a prior $1 million from AferDox in June 2009. Todacell has received $350,000 seed funding from the Fore Group when it first launched in March 2007. The company plans to use the new funds to set...

Plancast Raises $800K For Sharing Plans

Mar 9, 2010 6:41am

Plancast has raised $800,000 from SoftTechVC, True Ventures, Founders Fund Angel, Zelkova Ventures, and other angel investors. The funding comes at a great time for Plancast as the service has just completed its first iPhone application which will be submitted to the Apple Store soon. Plancast is a service for...

Posterous Raises $4.4M For Blogging

Mar 8, 2010 6:05am

Posterous has raised $4.4 million investment from Redpoint Ventures, Trinity Ventures, SV Angel, Founder Collective, Lowercase Capital, XG Ventures, Brian Pokorny, and Aydin Senkut. Satish Dharmaraj, who is also an individual investor in Posterous, led the round and joins the company’s board of directors. Posterous is a blogging platform which is...

The Oxford Companion to the Book

Mar 6, 2010 5:30pm

The Oxford Companion to the Book is a monument to the book. The book is a million words long, includes over 50 introductory essays with 5,500 entries arranged alphabetically . The editorial board includes 30 scholar and editors, and about 400 contributors. The books area 15-year project, written by 398 scholars from...

TripIt Raises $7M for Online Travel Organization

Mar 5, 2010 6:23am

Start-Up TripIt has raised $7 million in a Series C round of funding, led by Azure Capital Partners. Prior investor O’Reilly AlphaTech Ventures (OATV) also participated. The round brings Tripit’s total funding to $13.1 million. TripIt users email in their itineraries and then then TripIt organizes them into a single master...

Smartdate Raises $2.2M For Online Dating

Mar 4, 2010 6:30am

SmartDate.com has raised $2.2 million from 360 Capital Partners, a European venture fund. Smartdate had previously secured Angel investment from 4 international Business Angels for a total of $400,000. SmartDate.com is a social dating site which launched only launched in the past few months. The website integrates with Facebook Connect so...

Perfect Market Raises $6M For Online Publishing

Mar 3, 2010 5:14am

Perfect Market has raised $6 million in a third round of funding with The Tribune Co. leading, along with Trinity Ventures, Rustic Canyon Partners, and founding investor Idealab. Perfect Market had previously raised $15.6 million in a round in July 2008 from Trinity Ventures, Rustic Canyon Partners, and Idealab. Perfect...

Startup NetBase Raises $9M For Semantic Search

Mar 2, 2010 5:26am

NetBase has raised $9 million in a third round of Series C funding with Altos Ventures and Thomvest Ventures Inc. Netbase has now raised $18 million since its launch in 2005. Netbase is insight discovery company that was founded by Jonathan Spier and Michael Osofsky. The company develops and markets semantic...

Loggly Raises $500K From True Ventures

Mar 1, 2010 6:13am

Loggly has raised a $500,000 first round of funding from True Ventures. Loggly is a cloud based service that indexes log files for web applications and makes them searchable through a web interface. Loggly provides log aggregation, storage, search, alerting, and reporting in a software as a service model. The...

Berkshire Hathaway's Annual Letter to Shareholders

Feb 27, 2010 7:57am

Berkshire Hathaway Shareholder Letter 2009 Permalink | Leave a comment » ...

Mog Raises $10M for Online Music

Feb 26, 2010 7:32am

According to PaidContent, Start-Up Mog.com closed a second round of $10 million in financing with previous investor Menlo Ventures and new investors, European VC firm Balderton Capital splitting the investment. The funds will be used to enter the UK market, which will provide competition to Spotify and CBS-owned social site...

Hi5 Buys Social Network Big Six

Feb 25, 2010 6:32am

Social network hi5 has bought Big Six, a social game firm. The terms of the deal were not disclosed. According to management, the deal will boost the social networks efforts in developing in commerce platforms and payment processing offerings. Big Six’s founders, Kevin Gliner, Monty Kerr and Chad Hansing, will...

Smilebox Raises $2M For Online Scrapbooks

Feb 24, 2010 5:54am

Smilebox has raised $2 million that was disclosed in an Securities & Exchange Commission filing. The investors were not disclosed. Smilebox last raised $700,000 in equity financing in September 2009, when it acquired Preclick. Prior to that, Smilebox raised $7 million from Bessemer Venture Partners and Frazier Technology Ventures in...

Walmart Buys Start-Up Vudu

Feb 23, 2010 6:47am

Walmart is buying online/embedded movie service Vudu for around $100 million according to various reports.Walmart says the price is “not material” to its earnings. Vudu will become a wholly owned subsidiary. The deal is Walmart’s effort to make online video pay without a connected computer. Walmart is the largest seller of...

Start-Up Reply.com Files for $60M IPO

Feb 22, 2010 6:43am

Reply Inc. has filed for an IPO worth $60 million. Reply Inc. plans to trade on the Nasdaq under ticker symbol RPLY, with Jefferies & Co. and Piper Jaffray serving as co-lead underwriters. The company reported around $34.3 million in 2009 revenue, compared to $23.33 million in 2008 revenue. Its 2009...

Vook Raises $2.5M in Seed Funding For Publishing

Feb 20, 2010 10:11am

Vook has raised $2.5 million in seed funding. The funding comes from individual investors Ron Conway and Huffington Post chairman Ken Lerer, with Maples Investments, Baseline Ventures and Founder Collective. Vook looks to capitalize on the wider adoption of e-readers and other portable devices. Vook integrates video and social media elements...

EveryScape Raises $6M in Series C Financing

Feb 19, 2010 5:55am

EveryScape has raised $6 million in a third round of funding from SK Telecom, a large mobile firm in South Korea. Existing investors Draper Fisher Jurvetson and Dace Ventures also participated. The company charges local businesses in order to build 3D, photo-realistic panoramas of their physical locations which are...