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Facebook Competitor Altly Becomes Anybeat

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In addition to the new name, AnyBeat outlined a number of principles behind the social network. Shapiro was formerly the founder of Veoh Networks, and head of MySpace Music. The new name was not a surprise, as Shapiro had said the company would be renaming itself before launch. READ MORE>>.

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Report: Dmitry Shapiro To Head Up Google Plus

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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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Anybeat Rolls Out Chat Roulette Feature

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Taking a chapter out of the popularity of sites like Chatroulette in connecting up strangers with one another, Los Angeles-based Anybeat , the alternative social networking site run by Dmitri Shapiro, said Friday that it has rolled out a new feature called "Interest Roulette".

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Altly Reveals Seed Investors

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

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Siemer Ventures Backs Ribbon

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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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This Week in Venture Capital – Episode 3

Both Sides of the Table

Our “hot deal of the week&# turned out to be more of the “hot theme of the week.&# P2P lending networks are revived and brought it a whopping $40 million in investments announced recently. Increasing this is also migrating to social network messaging but email is still king. Peer-to-peer lending is back!

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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. 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. READ MORE>>