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venture capital
venture capital
Is Meebo worth more than Bear Stearns?
Mountain View-based instant messaging service Meebo has hired Montgomery & Co. to raise another $25 million to $30 million, only a year after its last round. Reportedly, Meebo founder Seth Sternberg hopes investors will buy in at $250 million, up from $90 million last year. That's $10 million more than what JPMorgan wants to pay for Bear Stearns. Seth, I've embedded a Meebo IM window below, so that you can ping me and explain what you're drinking. I'd like some, too. More »
im
Internet commenters, leave Britney alone!
Meebo, the Web-based chat startup, is running chat rooms for the 3:30 p.m. debut of Britney Spears's latest video, the anime-inspired "Break the Ice." Great: A scalable real-time communications infrastructure allowing thousands of teenage girls to say, "OMG, Britney." Isn't that what text messages are for? [Blackout Ball]
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.
bad ideas
Meebo wants to blank with you
Something I blocked from my memory after last night's Meebo party: In announcing the launch of their new platform, the company announced a new slogan: "I want to ______ with you." ("At the same time," Meebo's site helpfully clarifies.) The fill-in-the-blank answer, in Meebo's eyes, would be "talk" or "play games" and the "with you" portion highlights Meebo's sales pitch — the ability to do such activities in real time, while others are online. Our question: What happens when that blank is answered with "share kiddie porn" or "plan a terrorist attack"?
party report
At Meebo party, everyone's measuring themselves
For two years running, Meebo has allowed you to skip the software download and log onto instant messenger using your Web browser. Never mind that you can already do this! The startup celebrated its second anniversary of AIMlessness at Pier 38 last night with a cake, open bar and a giant game of Guitar Hero. (Pictured above, tech consultant gadabout Dave Matthews — no, really, that's his name — jams on the imaginary Fender.) And really, though no one at Meebo will quite say it this way, they've figured out they need more of a purpose in life. That's supposedly coming from the new Meebo platform, which will allow third-party developers to create applications for integration into Meebo's service.More »
2:36 PM on Tue Oct 30 2007
By Megan McCarthy
1,109 views,
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Mission to Meebo
Tonight, IM service Meebo throws a party on a pier. And, bonus, what happens when a bored designer transforms the team into a manga-meets-Captain Planet comic? It's all in today's Valleywag calendar.
Tonight, IM service Meebo throws a party on a pier. And, bonus, what happens when a bored designer transforms the team into a manga-meets-Captain Planet comic? It's all in today's Valleywag calendar.
nerdspotting
The Lobby's leisurely entrepreneurs
While other startup founders have to stay home and, you know, work, these guys have the time and the spare $3,000 to spend hanging out at a zero-agenda conference in Hawaii. (For the record, we're jealous.) Spotted in Yahoo executive Bradley Horowitz's Flickr stream: Benchmark entrepreneur-in-waiting Nirav Tolia; "stepped-up" LinkedIn chairman Reid Hoffman; FeedBurner founder Dick Costolo, who's rolling in Googlebucks; Linden Lab CEO Philip Rosedale; Evan Williams from Twitter; Mashery's Oren Michels; andKevin Rose (and his new haircut) from Digg with Joshua Schachter from the Yahoo-owned Del.icio.us. One question: Is this really Meebo CEO Seth Sternberg? I don't recognize him looking so unnerdly. (Photo by: bradley23)
conflicts of interest
Wallstrip, the CBS-owned stocks videoblog, interviews Toni Schneider, CEO of Automattic, the blog software maker. Host Lindsay Campbell, as always, asks Schneider whether he's "long" or "short" a number of hot topics. Schneider shorts Facebook and Apple's iTunes, but, curiously, says that he's long Meebo. Curiously, because the Web-IM startup's buzz is mild at best, and Schneider, in the clip, doesn't disclose that he's an investor in Meebo through True Ventures, the venture-capital firm where Schneider moonlights as a partner. (While we're disclosing, I should mention that Schneider's company hosts my personal website, Ditherati.)
Automattic's Toni Schneider touts an investment
Wallstrip, the CBS-owned stocks videoblog, interviews Toni Schneider, CEO of Automattic, the blog software maker. Host Lindsay Campbell, as always, asks Schneider whether he's "long" or "short" a number of hot topics. Schneider shorts Facebook and Apple's iTunes, but, curiously, says that he's long Meebo. Curiously, because the Web-IM startup's buzz is mild at best, and Schneider, in the clip, doesn't disclose that he's an investor in Meebo through True Ventures, the venture-capital firm where Schneider moonlights as a partner. (While we're disclosing, I should mention that Schneider's company hosts my personal website, Ditherati.)
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