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Nirvanix Shuts Down, Gives Mere Two Weeks To Customers

socalTECH

San Diego-based cloud storage firm Nirvanix is shutting down, and has given its customers only two weeks to move their data elsewhere, in a stunning flameout for the venture backed startup. The company seemed to be on the upswing, with a long list of high profile customers; the company had even hired Zynga''s CIO earlier this year.

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Nirvanix Powers Ooyala

socalTECH

According to Nirvanix, Ooyala is using Nirvanix to help its customers store and manage HD-quality video. The firm charges by bandwidth and amount of storage, and competes against Amazon's S3 service. Nirvanix is backed by European Founders Fund, Intel Capital, Mission Ventures, Valhalla Partners, and Windward Ventures.

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This Week in VC with Farb Nivi, Founder of Grockit

Both Sides of the Table

This was really a fun week at TWiVC because we decided to have an entrepreneur come and talk about raising capital rather than having a VC come on. Raised angel money from Rob Lord, Reid Hoffman, Benchmark Capital and others. Current round: $8.1mm in Series C by S3 Ventures (lead), Adams Capital Mgmt, Triangle Peak Partners.

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Social Networking (the Shorter Version) Past, Present, Future

Both Sides of the Table

Brands didn’t advertise their web pages they advertised “AOL Keywords.&# If you were a newly minted, venture-backed consumer Internet company you had to have a deal with AOL to reach your customers. Close shop to try and control monetization and you can only rely on your own internal innovation machine & capital.

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REACH | Disruptive Technologies Impacting the Future of Gaming [Live]

Tech Zulu Event

Custom ad deals and partnerships. Robin Kaminsky is the CEO and cofounder of 1 st Street Partners, Inc. 1 st Street Partners provides strategic management services to technology, entertainment and consumer goods companies. Now all we need is YOU to: Join us! Contact us at sponsor@techzulu.com. Sponsored giveaways and contests.

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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.