article thumbnail

This Week in VC with Farb Nivi, Founder of Grockit

Both Sides of the Table

Current round: $8.1mm in Series C by S3 Ventures (lead), Adams Capital Mgmt, Triangle Peak Partners. Total raised: $120.3mm; $43.5mm raised prior to 2006 recap; post-recap, raised $7.7mm; Series B in 2009 for $15mm; – Read more: VentureWire (requires subscription). Brought in new CEO, Russ Reeder in 2008.

article thumbnail

What the Past Can Tell Us About the Future of Social Networking

Both Sides of the Table

If you were a newly minted, venture-backed consumer Internet company you had to have a deal with AOL to reach your customers. I’ve written extensively on the topic , but in a nutshell it is: an RSS reader, a chat room, instant messaging, a marketing channel, a customer service department and increasingly a data mine.