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glam media
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rumormonger
online advertising
Glam Media raises $84 million, far short of its $200 million goal
Glam Media, the women-focused ad network, has raised $84.6 million, leaving the company valued at a rich $500 million. That still falls short of founder Samir Arora's hopes: According to a private-placement document circulating last year, he was seeking $200 million. Why'd he fall short? More »
glam.com
Why Tim Draper's latest virus isn't catching
Glam Media is the "fastest growing company on the face of the earth," according to its backer, the always hyperbolic Tim Draper. In an interview with AlwaysOn's Tony Perkins, Draper compares Glam, an online ad network, to past investments like Hotmail and Skype. But aside from enjoying his backing, there's little resemblance. A better comparison? Enron, another company with metastasizing revenues. More »
exits
Yahoo exodus continues apace
Would the last Yahoo to leave Sunnyvale please turn off the lights? Glam Media has hired Kiumarse Zamanian, an engineer with several patents to his name, to run its ad platform. Chris Szeto, a key developer of Yahoo Messenger has joined Meebo, the instant-messaging startup. Their new employers would have you think that they left for "exciting new challenges." But the truth is their departures say far more about Yahoo.
exclusive
Glam Media raising a round -- but far less than it hoped for
Samir Arora, the Valley's most talented flim-flam artist, has convinced investors to put in a fresh round of financing into Glam Media, his online-ad network. The deal could be announced as soon as tomorrow. The amount raised: Between $30 million and $100 million, we hear, valuing the company at as much as $400 million. A lofty figure, given Glam's scant sales — but Arora had sought a $200 million round, and a valuation in the range of $800 million to $1 billion. The premise of that valuation: The 25 million monthly visitors to sites in Glam's network, many of them female. But investors likely figured out that Glam doesn't own most of the sites those people visited. More »
online advertising
Glam's flim-flam campaign draws NBC to compete
Give Samir Arora this much credit: The founder of Glam Media is an excellent salesman. Especially when pitching a gullible press corps. Folio is the latest to take the bait. The magazine swallows Arora's line that as an ad network, Glam deserves comparison to wholly-owned media properties. (Such as, I should mention, Jezebel.com, the women's site published by Gawker Media, the owner of Valleywag.) It's nonsense, of course. But when Deborah Fine, CEO of NBC Universal's iVillage, points this out, she's portrayed as a disgruntled rival, not a voice of reason. Too bad Folio didn't listen to her, or talk to stock analysts, or do anything, really, besides transcribe what Arora told the magazine. Brokering ads on thin margins is a rough business, and one in which Glam competes with Google, Microsoft, and Yahoo. And now, NBC. More »
Glam Media, the online-ad network spuriously posing as a women's destination site in an effort to raise $200 million in private financing, is hiring new sales staff and executives. [Silicon Alley Insider]
online advertising
