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Woodland Hills-based ReachLocal said Tuesday afternoon that it is acquiring New York-based DealOn.com , a provider of daily deals. ReachLocal said it would pay approximately $10M for DealOn Media LLC, which offers up local deals businesses in 18 markets across the U.S., DealOn was founded in 2009. READ MORE>>.
Hyper-local, flash marketing platform connecting consumers with local business offers; super majority of offers are restaurant and personal services; competitor to Groupon. But Google’s investment seems to be focused on supporting a payment platform that can support the Android ecosystem. LivingSocial. Read more: peHUB.
In my LA I often see computer screens open with entrepreneurs talking about digital media. I don’t see this changing much like I don’t see you building blockbuster movies outside LA or shift the media buying center of gravity out of NY. In New York you have access to fashion, media, art and of course, financial services.
I believe that Twiistup is now a platform from which to grow and highlight what is uniquely LA. We are a city unique in merging the world’s best content with digital media and technology expertise. He obviously believes this since he has become CEO of TopSpin Media – a firm designed to do just that.
And we’re left with a city with idyllic weather, major commerce, the media center of the world, and a great emerging technology scene. It’s not uncommon for incredibly smart and talented Phd’s or CS majors from Stanford to raise $10 million on an early-stage “platform&# that if it succeeds it will be huge.
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