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Siemer Ventures Backs Ribbon

socalTECH

Ribbon, the developer of a social commerce platform which lets users list items for sale, distribute that through their social networks like Facebook , and accept credit card payments--said today that it has raised $1.6M in a seed funding round.

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MTV Buys Social Project

socalTECH

According to MTV Networks, which is a division of Viacom, the acquisition will allow the firm to accelerate its introduction of its Flux social media platform across its portfolio. 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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This Week in Venture Capital – Episode 3

Both Sides of the Table

Investors: TomorrowVentures (Eric Schmidt’s investment vehicle; Court Coursey joining board), CompuCredit Holdings, with existing investors Accel Partners, Benchmark Capital, DAG Ventures, Meritech Capital Partners, Omidyar Network, QED Investors, Volition Capital. Especially for their stage of development. Other deals. Enter Xobni.