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BetterWorks Shutting Down On May 31st

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In what is a huge blow to Silicon Beach, Santa Monica-based BetterWorks , the software-and-technology-meets-employee-perks startup run by Paige Craig, told its users today that it is sunsetting its site on May 31st. BetterWorks--and Paige Craig--have been one of the companies driving the growth in Santa Monica's Silicon Beach.

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Demand Media Buys CoveritLive

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Santa Monica-based Demand Media said this morning that it has acquired CoveritLive , a developer of a live blogging platform used to provide real time commentary, reader polling, and questions and answers on live events. CoveritLive has been used on sites like People, TMZ, Entertainment Weekly, Variety and the Daily Beast.

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MTV Buys Social Project

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Santa Monica-based Social Project--which was once known as Tagworld--has been acquired by MTV Networks, MTV said Monday. Financial terms of the acquisition were not disclosed. Social Project is behind the development of Flux, software which allows web publishers to create their own social networking web sites.

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Interview with Nick Higgins, Joost

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Last week, Adconion (www.adconion.com) announced that it had spun out Joost (www.joost.com), its online video service, into a separate company, which is going to be based out of Santa Monica. We started internationally, and built out our international platform first, and rolled it back into the U.S.

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Interview with Scott Morrow, Curatemedia

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Last month, Santa Monica-based ThisNext announced that it was acquiring Stylehive, an online site focused on fashion and beauty. We sat down with Scott Morrow President of Curatemedia, to hear more about the firm's strategy and the thinking behind the acquisition and new investment in the firm.

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This Week in VC – Scott Painter, CEO of Zag & TrueCar

Both Sides of the Table

-Rumored to have turned down acquisition offers from Yahoo and Facebook. A social analytics platform for Facebook app developers and publishers that provides detailed demographic and engagement data. Founded in 2008 in Santa Monica by Ron Goldman (former CRO of shopping.com) and Rahul Sonnad. Competitors: Gowalla.

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Exploring A Brave New World Of Domain Names, With Rightside

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To get some insight into how those names are changing--we caught up with Steve Banfield , SVP and GM of Registrar Services over at Rightside (www.rightside.co) -- which is in the midst of spinning out from Santa Monica-based Demand Media. We''re also partnering with companies like Donuts to provide a platform to host their registry.

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