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Report: Veoh Files For Bankruptcy

socalTECH

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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Koji Connects With $20M More

socalTECH

The funding was led by Jump Capital, plus new investors HBSE Ventures, Electric Feel Ventures, Visary Capital, Metaversal, and University Growth Ventures, along with Galaxy Interactive and BITKRAFT, and and a number of angels, including Shivakumar Rajaraman, Michael Eisner, and Francis Ma.

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Altly Posts Anti-Facebook Manifesto, Gets Funding

socalTECH

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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Get to Know Richard de Silva of Highland Capital

Both Sides of the Table

He was introduced through mutual friends to Highland Capital. At the time consumer internet venture capital was still suffering from the collapse of the Tech Bubble. But it was an attractive time to enter because the successful internet companies were scaling and in need of capital. Why do you think Veoh didn’t succeed? (40:30

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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. Shapiro was the former founder of Veoh Networks and head of MySpace Music. READ MORE>>.

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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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SmartDrive Systems Raises $47M For Better Driving

socalTECH

San Diego-based SmartDrive Systems , which develops driving safety systems for managing driving fleets, said Monday afternoon that it has raised $47m in a new funding round. The funding came on the same day the firm announced the hiring of former Veoh CEO and Overture GM Steve Mitgang as its new CEO. READ MORE>>.

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