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Interview with Fouad ElNaggar, Redpoint Ventures

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Redpoint Ventures is one of the venture capital firms which has straddled both Northern California and Southern California, with offices in both locations. It would be interesting to hear about where your interests are nowdays, there was a rumor Redpoint had backed off activity here lately. People can come in and have a coffee.

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SocialVibe Aims Product At Politics

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The firm--which sells online ads based on engagement metrics, rather than the usual clicks and views--said it is applying its model to the political landscape, looking to help campaigns get their word out on social networking sites like Facebook. SocialVibe's campaigns have previously been for major brands. READ MORE>>.

Product 157
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DailyStrength Acquired By HSW International

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Los Angeles-based DailyStrength, an online health-related social networking site, has been acquired by HSW International, Inc., DailyStrength was venture backed by around $5M in venture capital from Redpoint Ventures. a developer of Internet businesses. Financial terms of the acquisition were not disclosed. READ MORE>>

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Report: Buzznet Chops Staff

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Buzznet operates an online social networking and social media site focused on music and bands, and is backed by Anthem Ventures, Interscope, Redpoint Ventures, and others. According to the publication, citing a representative of the firm, Buzznet has eliminated 10 employees, from a total of 89 staff.

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SocialVibe Ties Into Facebook Credits

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SocialVibe--which awards virtual items and credits from brands for interacting with their advertisements, web sites, Facebook pages, and other campaigns--said the credits will be awarded for interacting with a range of engagement ad units.

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Topspin Rolls Out Music Marketing Software, To Some

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The firm said that it has commercially released its software, which helps artists generate demand from fans via direct marketing, social networking and other online channels, widgets, as well as email campaigns. The firm is backed by Redpoint Ventures and The Foundry Group, and its CEO is Ian Rogers, former GM of Yahoo Music.

Software 100
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Venture Conference Highlights SoCal Startups

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David Sacks, one of the co-founders of PayPal, pitched Geni.com, an online site focused on both family trees and social networking. The "best of show" prize went to Magnify360, which develops software for optimizing content and web sites for specific users.