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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). Competition: Pingg, MyPunchbowl, TinyPrints , PaperlessPost.

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Understanding Changes in the Software & Venture Capital Industries

Both Sides of the Table

They started by offering cloud storage (S3) on a super cheap, pay-as-you consume basis. That said, Amazon – through AWS – even without strong competition is as wonderful an experience as Amazon the eCommerce retailer feels to you as an online shopper. They came from a different perspective. I find this strange.