Friday, August 19, 2011Student of Fortune Acquired By CheggLos Angeles-based Student of Fortune, the online tutorial marketplace and homework help site headed by Sean McCleese, has been acquired by textbook marketplace site Chegg, Chegg said Friday. Financial terms of the acquisition were not disclosed. The acquisition of Student of Fortune is the second, major acquisition of a Los Angeles-based homework site by Chegg in the last year; Chegg acquired fellow Los Angeles homework help site Cramster in December. Student of Fortune was founded in 2005. Cheg (More info...)
posted on Friday, August 19, 2011(Full story)
GraphEffect Launches Facebook Targeting SystemSanta Monica-based GraphEffect, the Facebook marketing and advertising technology firm headed by James Borow, said this morning that it has launched its Facebook targeting system from beta. GraphEffect is venture backed by CrossCut Ventures, Rincon Venture Partners, Founder Collective, Baroda Ventures, Lerer Ventures, Thrive Capital, and angel investors Matt Coffin and Stephano Kim. According to the company, its new Facebook lookalike targeting system allows marketers to target Facebook users ba (More info...)
posted on Friday, August 19, 2011(Full story)
Insights and Opinions: Waiting for GoogleIn our Insights and Opinions section this Friday morning, Frank Peters, angel investor and podcaster at the Frank Peters Show, shares his opinions on startups making Google their exit strategy:
It's the exit strategy for too many entrepreneurs: "Google's a target exit partner." As an angel investor I've heard this many times, and, who knows? It happens occasionally, so like a rat in a maze, the entrepreneur continues to search for this piece of cheese even though statistically it's rare.
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posted on Friday, August 19, 2011(Full story)
Solarflare Boosts Financial Wins With NYSE EuronextIrvine-based Solarflare, the developer of high speed, low latency 10 Gigabit Ethernet adapters, has bolstered its wins in the financial industry, saying this week that it has been selected by the NYSE Euronext for an install on its trading network. Financial details of the win were not disclosed. Solarflare said that NYSE Euronext has implemented its 10GbE server adapters for its mission-critical, low-latency trading operations. The firm's adapters are also being used by the CBOE. Solarflare is (More info...)
posted on Friday, August 19, 2011(Full story)
Namesake Chill Gets Competitor: Google+In a demonstration of how difficult it is to differentiate yourself in the world of online, social web services, Los Angeles-based Namesake, the social conversations startup headed by Brian Norgard and Dan Gould, has a new competitor for its Chill synchronized video-and-discussion project: Google+. Namesake just launched Chill, a web-based app for Facebook which allows users to launch a synchronized video and discuss it, real time, with friends, at the beginning of the month, allowing users to w (More info...)
posted on Friday, August 19, 2011(Full story)