Report: Yammer Being Acquired By Microsoft

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Yammer , the business focused micromessaging service which started as an offspring of Los Angeles-based family tree and genealogy site Geni , is reportedly in the last legs of a deal to be acquired by Microsoft for more than $1 billion. Rumors of Yammer being in acquisition talks came, initially, via conversations overheard in San Francisco in a number of locations as Yammer employees apparently talked about the deal with coworkers at local watering holes.

Yammer Adds Groups Functionality

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Los Angeles-based Yammer, the corporate focused instant messaging service spun out of Geni.com, said today that the firm is updating its service and adding a new groups feature. According to Yammer, its new Groups feature allows messages and members on the site to be managed around specific groups within companies. The new feature allows companies using the firm's service to subdivide members into specific groups, rather than to an entire company.

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Geni Bolsters Team, Names CTO, Engineering VP

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Geni has an interesting executive history, having moved a portion of its team--including Sacks and Yammer co-founder Adam Pisoni--to San Francisco to work on Yammer, which was originally a side project of the company.

Interview with David Sacks, Geni and Yammer

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Our interview this morning is with David Sacks, CEO of Geni.com, an online family tree and social networking site, as well as Yammer, the instant messaging startup spun out of Geni.com at TechCrunch50. Now, let's talk about Yammer. How did Yammer come about?

GumGum Snags Media Exec For Advisory Board

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GumGum''s advisory board also include David Sacks, the CEO of Yammer; Michael Jones, the former CEO of MySpace, and Vince Thompson, the Managing partner at Middleshift. The cmpany said the board helps provide it with strategic counsel on various company endeavors. Los Angeles-based GumGum has snagged a media agency network executive as an advisor, the firm is announcing today, for its in-image advertising platform.

10 Apps & Tools for Maximizing Personal Efficiency

Frank Addante

HootSuite (Social Networking): Application to consolidate all of your social networking into one place (Twitter, Facebook, LinkedIn, Yammer, etc.). Yammer (Internal Communication): It’s like a private twitter for your company. Tips: Get everyone in your company to use it.

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Taming The Enterprise Texting Tiger, With TigerText's Brad Brooks

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To solve that issue, Santa Monica-based TigerText (www.tigertext.com) has been developing smartphone applications which replace SMS, and provide companies with the ability to control, delete, encrypt, and otherwise gain control of the messaging between their employees.

OneLogin Gets $1.5M For Identity Software

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The round came from Charles River Ventures, and existing investor in the company. OneLogin said its single sign-on software is being used by such partners as Yammer, Colby Community College and Transwest. Los Angeles-based OneLogin , a new startup tackling the identity and access management software market, said Friday that it has raised $1.5M in a Series A funding round. The firm said the funding will go towards engineering, sales, and product development.

Geni Hit By Downtime

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The company said it managed to get the service back online at 4:30am Wednesday. No reason for the downtime was given, however, the downtime at Geni paralleled a similar, more widely reported downtime issues at sister firm Yammer.

How Kaleo Is Tackling Enterprise Knowledge Sharing

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Phil Hui-Bon-Hoa , the CEO of El Segundo-based Kaleo (www.kaleo.com), is a serial entrepreneur who has previously built and sold four companies, including one acquired by IFILM, and another by Sun Microsystems. He's now hard at work at a new company, Kaleo, which is tackling the enterprise, knowledge sharing market�and already has an impressive list of Fortune 500 customers. We're trying to save companies money, and increase the productivity of employees.

The Coming Shift in Enterprise Software

Both Sides of the Table

In all my time investing I have never seen such a senior revenue officer join a company at this stage. To watch a young company win 1,000+ seat deals at Global 100 companies at this stage of development has been simply stunning.

Geni.com Acquired By MyHeritage

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Geni.com offers up an online, family tree site, and was the parent company of Yammer.com, the enterprise micro-messaging startup sold by Sacks for $1.2 geni myheritage yammer merger acquisition genealogy family treeLos Angeles-based genealogy site Geni.com has been acquired by MyHeritage , an online genealogy website. Financial terms of the buy were not disclosed. As part of the acquisition, Geni.com's founder, David Sacks, joins MyHeritage's board of directors.

Why You Shouldn’t Launch Your Startup at a Major Tech Event

Both Sides of the Table

That means a slew of companies will be preparing to launch their new products or announcing their companies at the annual SXSW conference in Austin, Texas. Your crappy $10,000 will pale in comparison to the budgets of the big tech & media companies. It’s February now.

The Perfect Pithy And Productive Investor Pitch

InfoChachkie

Positioning pitches, one-line descriptions of a company''s value proposition and relative placement within its ecosystem, are the first step in achieving such balance. Ebay+Soundcloud = us" and "FLIMBY=Yammer+Delicious+Gotomeeting.". Yammer for Education) & explanatory (e.g.,

Is Silicon Valley Really Coming to an End?

Both Sides of the Table

By now you probably know that David Sacks , co-founder of PayPal and founder of both Geni & Yammer made some observations on Facebook that Silicon Valley “as we know it” was coming to an end. “In order to create a successful new company, you have to find an idea that. (1)

Central Desktop Launches Its Own Take On Twitter

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Pasadena-based Central Desktop has jumped into the enterprise micro-blogging area, saying Monday that it has launched a new tool which allows companies to use Twitter-style updates within the firm's project management software. The company said the new offering allows users to both share status among just team members, or also syndicate those status updates to Twitter and Facebook. Tags: twitter microblogging desktop central saas software yammer

The Amazing Power of Deflationary Economics for Startups

Both Sides of the Table

But one theme in pervasive in all my thinking about investing in Internet-based companies: Deflationary economics. Had I taken the lower-margin approach I really think I’d be sitting atop a $1 billion+ company today. Data transfer is what costs telecom companies money these days.

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DataSift Announces Mega-Round. Apple Buys Topsy for $200 Million. Here’s What You Need to Know

Both Sides of the Table

But what if you’re a credit card company and you want to know where to find your next customers? and so on and we do private implementations with the likes of Yammer and others. If you want to read the company’s take on their funding their official announcement is here.

Announcing a Deal I’ve Wanted to Talk About for a Year

Both Sides of the Table

I’m super excited to announce that GRP Partners led the investment in Ethan Anderson’s new company MyTime (link has LA-based merchants but will give you a good feel for the product). For Ethan it came down to two companies – BuildOnline or Google.

SEM 50

Data is the Next Major Layer of the Cloud & A Major Victory for Startups

Both Sides of the Table

You can think of even your PC as a stack in which the hardware manufacturers handled physical layers, Microsoft handled the OS layer and application companies built higher up in the stack. When I started my second company in 2005 we decided to do everything differently.

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Crew32, Led By Jason Nazar, Gets $5.2M In Funding Round

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Santa Monica-based Crew32 , a stealth startup founded by Docstoc founder Jason Nazar, Betterworks, Geni, and Yammer co-founder George Ishii, and InvestedIn and MySpace co-founder Yadid Ramot, has raised $5.2M, as part of an ongoing $6.0M The filing indicates that 11 investors have so far invested in the company.

Calacanis Backs 15Five

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Jason Calacanis , the Los Angeles angel investor, podcast host, speaker, conference organizer, and CEO of Mahalo , is one of the angel investors in employee feedback firm 15Five.

Comparably.com, Led By Jason Nazar, Raises $6.5M For Pay Transparency, Culture

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in a funding round, and launched a new platform to help people compare pay and culture between companies. Nazar was the founder of Docstoc, which he sold to Intuit; his co-founders include George Ishii (Yammer/Geni), Mike Sheridan (DebtMarket), and Yadid Ramot (Investedin). Comparably's website lets users see what people are getting paid for jobs, across different companies.

Lindzon Backs Discoverly

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Howard Lindzon , the San Diego angel investors who also heads up stock micro-messaging site StockTwits , has invested in another private company-- Discoverly. Discoverly disclosed a seed round of funding worth $750,000 which included Salesforce.com, Bessemer Venture partners, Atlas Venture , Great Oaks Venture Capital, as well as Jim Patterson (Yammer), MJ Elmore, Howard Lindzon (Stocktwits), and Alchemist Accelerator.

Social Networking and Business Value

SoCal CTO

Social networking sites and microblogs are used not only to build company brands, but to foster productivity; social media tools help build communities around the question, "What are you working on?" Companies also use social networking sites in the hiring process, and increasingly, to do innovative advertising (such as the recent Jack in the Box campaign). This Panel will explore issues such as: How can companies best utilize social networking media?

6 Tips for Building Relationships with Journalists

Both Sides of the Table

When you are selected you share the stage with 49 other companies (in the case of TechCrunch50. Most people pay attention to the first 5 companies. By company 22 it’s hard to remember what any of them did. Many other great companies are not. -

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On Leadership, Teams, Success & Happiness

Both Sides of the Table

Nearly every company faces its crisis moments and only through the inspiration , focus and dedication of the leadership can you motivate teams to dig in deep and come out the other side stronger. I made an investment in a company with deep domain knowledge.

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Interview with Jon Ferrara, Nimble

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He's again set his sights on contact management with a new company, based in Santa Monica, called Nimble (www.nimble.com). Now, you don't have to go to Twitter to listen, LinkedIn to listen, your email inbox, find contacts in Google Contacts, or even Yammer or Hootsuite.

CapLinked Lands New Funding Round

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Los Angeles-based CapLinked , the startup which provides an online site to help companies manage their fundraising process, is announcing this morning thta it has raised $400,000 in a new funding round. Jackson, and allows companies to share due diligence documents, updates, and other information to investors.

Is WebEx “Dead Man Walking?”

Both Sides of the Table

One of the companies that just announced $10 million in funding was a company I had never heard of called Huddle. With Huddle, you can manage people, projects and information inside and outside your company, securely.&#.

CapLinked, Startup America Tie On Startup Fundraising

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CapLinked's site allows companies to manage due diligence documents, shareholder communications, finding investors, and more; the firm said it now has over 135,000 users using its site. Jackson, and backed by such investors as Peter Thiel, David Sacks (Yammer), Joe Lonsdale (Palantir Technologies), and Dave McClure (500 Startups), as well as Hercules Technology Growth Fund, 7th Rig, and Wasabi Ventures.

Layoffs Hot Keyword for Second Half of January 2009

SoCal CTO

When I drill down on that term, you can see why with posts like: Hollis-Eden Pharmaceuticals Lops A Third Of Company THQ Lays Off 100 Employees, Closes San Diego Office Citrix Cuts 10 Percent; Santa Barbara Hit And it's also interesting to see what geographies are being associated with "Layoffs" more often than others: Layoffs Woodland Hills Layoffs San Diego Layoffs Santa Monica Layoffs Los Angeles I guess this is a sign of the times.

Twiistup 6 Highlights

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There are now a second generation of entrepreneurs and companies that have learned from their last successes and are producing great new companies like TopSpin Media , Sometrics and GumGum. Twiistup 6 featured 12 showoff companies as the opening act of a 2-day conference.