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Steamboat Invests In Celebrity Site

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Los Angeles-based Steamboat Ventures has set its sights on the celebrity web space, and is the lead investor in a new round of funding for Fanzter , which operates the celebrity products site Coolspotters.com. According to Connecticut-based Fanzter, Steamboat's Dan Beldy joins the firm's board of directors.

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Steamboat Boosts Chinese Advertising Firm

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Burbank-based Steamboat Ventures , the venture capital firm backed by Walt Disney Co., has invested in a Chinese provider of online advertising. According to Beijing-based Yoyi Media , it received a Series A investment on undisclosed size from Steamboat Ventures and Gobi Partners.

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Venture Conference Highlights SoCal Startups

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David Sacks, one of the co-founders of PayPal, pitched Geni.com, an online site focused on both family trees and social networking. The "best of show" prize went to Magnify360, which develops software for optimizing content and web sites for specific users.