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Every Online User Platform Needs Revenue To Survive

Startup Professionals Musings

A question that I still hear debated often is whether a new online platform startup growth strategy should focus on user count or profits. Yet I can’t argue their success in the value proposition, since they turned down a billion dollar offer from Yahoo way back in 2006, and their market cap today is over $900 billion.

Platform 118
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ServiceTitan Acquires Pointman

socalTECH

Los Angeles-based ServiceTitan , which develops a cloud-based software platform used by residential and commercial service contractors to manage their businesses, has acquired Pointman , a New York-based company that develops software for contractors. Pointman is based in Buffalo, New York, and was founded in 2006.

Coach 113
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Vulog will power Hyundai’s new LA car-sharing service

TechCrunch LA

Vulog announced Tuesday during Automobility LA that Hyundai will use its technology platform for a car-sharing pilot that will launch in Los Angeles at the end of 2019 and will eventually grow to 300 vehicles. The French-based company has been providing the underlying hardware and software needed for car-sharing services since 2006.

Services 119
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Panache Acquired By 24/7 Real Media

socalTECH

24/7, which is part of WPP, said it will incorporate Panache's digital video ad technology and formats into its Open AdStream platform. The firm was founded in 2006. Financial terms of the buy were not disclosed. READ MORE>>.

Media 140
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Scientist.com Raises $24M for “Pharma Markets” that Outsource R&D

Xconomy

San Diego’s Scientist.com set out in 2006 to disrupt part of the pharmaceutical business by providing an Amazon-like approach to the business of hiring contract research organizations (CROs). Founding CEO Kevin Lustig said Scientist.com will use the additional cash to expand its operations. Lustig argued.

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Brand Affinity Technologies Raises $4.5M

socalTECH

The Steelbergs are best known for selling dMarc Broadcasting to Google back in 2006, in a deal at the time worth over a billion dollars. Brand Affinity Technologies says it has over 3,750 celebrities on its platform, which is used by online sites to identify celebrities for endorsement deals. READ MORE>>.

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Reflections on 2016: Louise Wannier, True Roses

socalTECH

In 2006, Ms. Wannier founded MyShape, the first Online Personal Shopping platform. As Board chairman, she led capital raises, recruited board members and established advisory boards including bringing on independent non-financial board members to lend strategic industry experience. READ MORE>>.

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