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Report: Veoh Files For Bankruptcy

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San Diego- and Los Angeles-based video sharing site veoh Networks has filed for Chapter 7 bankruptcy, according to web site Mashable. Veoh had raised over $67.5M in funding from such firms as Goldman Sachs, Intel Capital, Shelter Capital Partners, Spark Capital, The Tornante Company, and Time Warner.

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Altly Posts Anti-Facebook Manifesto, Gets Funding

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Los Angeles-based Altly , the latest startup of Dmitry Shapiro , the founder of Veoh and former CTo of MySpace Music, has officially thrown down the gauntlet, saying in a blog post this week that it there is a need for an alternative to Facebook--and the firm is going to create that alternative. READ MORE>>.

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Altly Reveals Seed Investors

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Both Howard Lindzon and Dave Samuel are joining the firm's board as part of the funding. Altly detailed its plans to create an alternative to Facebook last week, complaining in a lengthy manifesto from Shapiro that an alternative to Facebook was sorely needed due to privacy and other issues with the social networking site.

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Interview with Richard Yen, Saban Capital

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In what looks to be a challenging funding climate for entrepreneurs, we thought it would be interesting to talk to one fund which is still making investments--Saban Ventures (www.saban.com)--a new, digital media focused venture capital fund located in Los Angeles. How big of a fund is this? where he is Chairman.

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Interview with Richard Yen, Saban Ventures

socalTECH

In what looks to be a challenging funding climate for entrepreneurs, we thought it would be interesting to talk to one fund which is still making investments--Saban Ventures (www.saban.com)--a new, digital media focused venture capital fund located in Los Angeles. How big of a fund is this? where he is Chairman.

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Report: Dmitry Shapiro To Head Up Google Plus

socalTECH

A report today says that Dmitry Shapiro , the former founder of Veoh and head of MySpace Music, and currently founder of alternative social networking site Anybeat , may be heading to Google to head up its Google+ efforts. The report , from PandoDaily, cited a single source for the information. READ MORE>>.

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