Internal Facebook valuation points to strategic merit
Court documents have revealed an internal valuation at Facebook Inc. far below the $15 billion cited publicly at the time Microsoft Corp.’s investment in the popular social networking site, reflecting its immense strategic value in the eyes of the software giant.
Veodia Gets $8.3M Series A Funding Round
Veodia has raised an $8.3 million Series A round of funding from Clearstone Ventures Partners, the D.E. Shaw group, and an angel group led by iParadigms chairman Steven Berger. The overall online video space has grown significantly in the past two years, and that includes the online streaming video space as well. They recently won a 2008 Webware100 Award as well.
PrimeSense raises $20 mill., Offers Immersive 3D Gaming Rigs
Imagine the Wii with 3D vision. The console would understand if you were behind an object and images would move accordingly and you could reach out with your hand to “touch” items on the screen. The technology is real and it works and PrimeSense, a small Israeli company, is trying to release it into the wild.
Grouptivity Launches Social News On Facebook
Social News, like Grouptivity, is a combination feed reader/social bookmarking service. (Grouptivity raised a $2 million angel round in May, 2006. Ankesh Kumar, the CEO of Grouptivity, thinks he has a news app that taps into the viral hooks on Facebook. It is called Social News and it just launched.
Allen & Co. Pitching LinkedIn At $1 Billion
Allen & Co. Managing Director Dave Wehner is out pitching a LinkedIn venture capital round at a whopping $1 billion valuation, multiple sources say. This is a story we’ve been working on and isn’t fully baked yet, but VentureBeat started speculating about a potential buyout and so we’re going with what we have now.