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Burstly Snags $1.8M For Mobile Ad Tools

socalTECH

Burstly is developing mobile advertising tools for the Apple iPhone and Google Android platforms, which allows application developers to manage and optimize their advertising inventory. Mark Suster at GRP lead the firm's investment, with Jim Andelman heading up Rincon's involvement. READ MORE>>.

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Dreamhammer's Dream Of Interoperable Drones

socalTECH

We ended up positioning ourselves around 2008 to start developing and marketing the product. Manufacturers of drones can now have multiple applications that can run on those drones, not just the applications they have built. That will be an open aperture for the third party application developers.

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This Week in VC with Dana Settle of Greycroft Partners

Both Sides of the Table

Founded in November 2007 in New York City by Alexis Maybank and Kevin Ryan (co-founder of DoubleClick); CEO is Susan Lyne (ex-CEO Marta Stewart Living Omnimedia) Revenue estimates: $50mm in 2008; $170mm in 2009 (versus budget of $150mm); $450mm forecasted for 2010. Founded in August 2008 in Palo Alto, CA, by Sam Christiansen and Keith Lee.