Menlo Park, California based online auction company, OpenLane, has raised $10 million in the eight round of funding. With this round of funding, the total amount raised by the company has reached $75 million. The current amount is raised from VC firms including Meritech Capital Partners, August Capital, RPM Ventures and Zilkha Venture Partners.
Archive for December, 2008
Video games have been around quite a while, providing entertainment for some whereas working like a simulator in trainings for others. Programs similar to games come in handy with training doctors/surgeons – in reducing error rate in practice, U.S. Army – for helping with recruitment, airplane pilots – with flying, etc.
One such ground-breaking use of video games in business was taken by Burger King in 2006. The popular fast food brand released three packaged games to promote themselves – the games contained characters from the company’s brand and the promotion succeeded beyond expectations. Taking note from this McDonald’s joined in the competition and launched an online happy meal where children can play games, create avatars and more entertaining stuff.
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Viacom and Time Warner Cable continue to fight over the renewal of cable network fees of the prior’s cable network. Viacom wants Time Warner Cable to pay up $50 million more per year where as the later is not willing to do so specially in these economic conditions. Also from January 1, Viacom is threatening to stop showing Dora The Explorer, The Daily Show, MTV, et al on TWC systems.
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As is accustomed by now, a new year brings look back at the previous year gone by; events and memorable moments to be counted. On this note YouTube brings 2008’s top videos that have been judged by ratings, favorites and number of comments. 24 videos will be added, one per hour throughout the day today.
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Angelsoft released an update recently opening its doors to venture capitalists. The company’s software update enables investors to go through entrepreneur apps easily now. The company was founded in 2004 by David S. Rose, and Ryan Janssen.
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WizeHive is a Twitter-like service that displays messages in the same manner, only conversations are threaded here. WizeHive also carries task management features as well as enabling users to create a small database for workspace – that comes with customizable data fields.
The startup is great for workgroups, and is free for up to three people with 50MB of storage space. The rest have to pay $8 a month (small groups) where additional fees for extra storage also comes in. You can also have add-ons on the API which will cost below $10 a month. One of the founders, Michael Levinson states:
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Minimum Noise is going to take a shot at crowd-sourcing music production. The startup hopes to conquer this through connecting musicians (worldwide) together on one platform and enabling them to create music tracks. Through this musicians would be able to submit their required project, adding the details of budget and needs.
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Several reports have been coming in about music labels teaming up to counter YouTube’s supremacy, through another similar streaming channel. Hulu has been opinionated by most as being able to match up to YouTube’s service, if spiced up further – adding to that Hulu is considered better amongst advertisers. It is also possible for music labels to team up and venture into a service of their own, though I doubt that happening.
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First Windows now Zune, Microsoft is really having bad times as seems that a random bug is affecting a bunch, if not every, 30GB Zunes.
The problem was escalated via Fan boards
and support forums this morning. The bug is allegedly stated to be resetting the Zunes on their own and if rebooted they don’t fully reboot.
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Mobile social network Brightkite and its recent integration with Facebook is being considered as a very positive move. The service enables you to be updated whatever your friends are doing without intervening them physically, and also throw your own updates.
Before you can us the service you have to update your account settings. Follow the instructions below…
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