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Posts Tagged “
venturebeat
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party report
This is what I remember from last night's VentureBeat party: A social network for golfers announced a round of funding at the event. A social network for golfers? Is this what blogging has come to, I asked founder Matt Marshall. He gamely held his ground and ducked the question. As Kara Swisher documented in the clip above, VentureBeat's party at the Ambassador in San Francisco was a bubbly affair, packed wall to wall with free drinks for all comers — until the bar turned cash. That kept the event, paid for by sponsors, profitable, Marshall explained. I'm glad the blog bought me a drink. I needed it when I ran into Craigslist CEO Jim Buckmaster later that evening. He was perfectly civil, but it's disconcerting to talk to a man to whom one only comes up to clenched-fist level.
For VentureBeat, a profitable display of excess
This is what I remember from last night's VentureBeat party: A social network for golfers announced a round of funding at the event. A social network for golfers? Is this what blogging has come to, I asked founder Matt Marshall. He gamely held his ground and ducked the question. As Kara Swisher documented in the clip above, VentureBeat's party at the Ambassador in San Francisco was a bubbly affair, packed wall to wall with free drinks for all comers — until the bar turned cash. That kept the event, paid for by sponsors, profitable, Marshall explained. I'm glad the blog bought me a drink. I needed it when I ran into Craigslist CEO Jim Buckmaster later that evening. He was perfectly civil, but it's disconcerting to talk to a man to whom one only comes up to clenched-fist level.
jackpot
John Battelle takes $22 million in fuck-you money
Anyone telling you that Federated Media, the online ad network which reps Boing Boing, GigaOm, TechCrunch and other blogs, has raised $50 million from investors is dead wrong. It's true, Oak Investment Partners and others paid $50 million for shares of Federated. But only half of that went to the company, we're told; the rest went to founder John Battelle and other employees. According to our source, Battelle's take was roughly 90 percent of the insider shares sold, or about $22 million. More »
1:00 PM on Wed Apr 30 2008
By Owen Thomas
3,525 views,
4 comments
Latest by n/a: Word on the street is, he'll lose most of that in one incredibly bad hand of poker at a suitcase gambling stand by Capitola beach. more »
blogging for dollars
TechCrunch, VentureBeat in merger talks
We hear Michael Arrington is in advanced talks to acquire VentureBeat, a smaller tech blog which, like Arrington's TechCrunch, is trying to expand from the niche of covering startups. When Arrington issued a rant about the dangers of tech blogs raising venture capital, it was easy to dismiss his talk of a blog rollup as drunken fantasy. Arrington's concern: That his competitors, by raising money one by one, would make it financially impossible to assemble a "dream team" of bloggers. But why on earth would anyone accept a lower valuation just to be part of Arrington's team? Arrington, we're told, has tentatively secured venture backing from Eric Chin of Bay Ventures, a longtime business associate. That would give him the capital to buy up at least some of his rivals. More »
rumormonger
Federated Media's rumored $200 million valuation annoys its customers
Matt Marshall's VentureBeat airs a rumor that John Battelle's online blog-ad network, Federated Media, has sold a large stake to Oak Hill Capital. There's logic to it: Oak Hill is a private-equity firm with which his bankers, GCA Savvian, has previously done business. Battelle, left, was on a conference call when I tried to reach him, but in the past he's offered no comment on investment rumors. Another source dashes cold water on the notion that a deal's been done. I'd be the first to tell you not all rumors pan out. What I find more interesting about the report is this line: More »
patricia handschiegel
VentureBeat snags StyleDiary founder
Valleywag commentrix patricia2, aka StyleDiary founder Patricia Handschiegel, sent a long email to advisors that included this news: "I've started to work with VentureBeat as a contributing writer covering the convergence of media, entertainment and the web once a week." How about a few founder fashion makeovers? You could call it Any Eye, Any Eye at All for the Straight Guy.
Is Matt Marshall the Jimmy Olsen of venture capital?
VentureBeat editor Matt Marshall does have a striking resemblance to Superman's Jimmy Olsen, as Jangl CEO Michael Cerda suggests. The analogy's even more apt if you compare Marshall to the Smallville version:
blogging for dollars
Matt Marshall scores $320,000 for VentureBeat
"You have the glow of a man who just got funding," I told VentureBeat founder Matt Marshall on Friday. How could he afford to pay newly hired blogger Dean Takahashi a rumored six-figure salary? With other people's money, of course. More »
confirmed
VentureBeat blogger making big-newspaper money
VentureBeat owner Matt Marshall confirmed to me that he matched respected veteran Valley biz reporter Dean Takahashi's salary to lure Takahashi away from the San Jose Mercury News. How much is that? Unknown, Captain, but in the 1990s, Takahashi's rumored $125,000 annual pay at the original Red Herring had local journalists frothing over their beers. Wait'll they find out what the guys in IT make.
Dean Takahashi, a veteran tech reporter at the San Jose Mercury News, has quit the newspaper to join VentureBeat. [GameSpot]
stats
Half you dorks are online right now
Visits and page views to Valleywag were about 50 percent of a normal weekday both yesterday and today, Christmas Eve and Christmas Day. As the guy at Tully's Coffee said, "Any day that half your clientele shows up at the door is a business day." With half the Net still going at it (see chart: Most of our traffic comes from people clicking links), it's kind of weird to see the go-go business blogs — TechCrunch, GigaOm, VentureBeat — shuttered for the day. Couldn't you guys have queued something up? The old-media dinosaurs at the NYT managed to print an issue, even if it's padded with heartwarming holiday filler. I'm starting to think the Objectivists are right: The problem with Christmas is it's not commercialized enough. Whoops, update: Duncan at TechCrunch just posted some actual news, but it's already late Wednesday morning for him in Australia.
scams
How to get real Google bucks from fake press releases
Phony press releases have become the grist for the newest Internet profit mills. If you're like Chris Anderson and us, you don't read press releases. But several tech blogs were taken in by a dubious press release issued by a nonexistent company allegedly backed by real investors who may or may not have invested in several fake companies. Huh? Exactly. How the scam was uncovered, how it works, and how to avoid falling victim after the jump. More »
venturebeat
