Yammer Acquired By Microsoft For $1.2 Billion

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Yammer , the business focused micromessaging site patterned after Twitter, and spun out of Hollywood-based genealogy site Geni , has been acquired by Microsoft for $1.2 Yammer, which was headed by David Sacks, will become part of the Microsoft Office Division. Yammer had been started in Los Angeles in 2008, but later moved to Silicon Valley. micromessaging twitter acquisition merger microsoft yammer

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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.

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Yammer Dwarfs Parent Geni In Fundraising Round

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In the case of the kid getting much (much) larger than its parent, Yammer , the one time spinout of Los Angeles-based genealogy and family tree website Geni , has now squarely out-raised venture capital than its parent firm, saying Wednesday that it has raised an $85M funding round. The round--rumored to be valued at $500M to $600M--brings Yammer's total raised to $142M. Yammer has far exceeded Geni in fundraising, with Geni only announcing somewhere around $16.5M

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Geni, Yammer Both Raise Funding

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West Hollywood-based Geni, and instant messaging spinout Yammer have both raised $5M in funding from the firms' existing backers, Charles River Ventures and the Founders Fund, according to regulatory filings and reports. Geni and Yammer have both been fundraising since the middle of last year.

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Microsoft’s $1.2 Billion Acquisition of Yammer Complete

Tech Zulu Event

Microsoft in late June announced to have acquired social network for enterprises Yammer at $ 1.2 He says,” all closing conditions for Microsoft’s acquisition of Yammer have been met, and the deal is completed”. Yammer was launched in 2008 and raised $142 million then.

Bird is raising $100 million to become the Uber of electric scooters

TechCrunch LA

Funding Transportation america california car ownership car sharing Craft Ventures david sacks executive food trucks Los Angeles Lyft New York Scooter Spin transport Travis VanderZanden Tusk Ventures Uber University of California washington-post Yammer

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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?

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Yammer Gets Top Prize At Tech Conference

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Yammer, a Twitter-like spinout out of high profile Los Angeles genealogy firm Geni.com, has scored the top prize at the TechCrunch50 awards in San Francisco. Yammer offers instant messaging focused on internal corporate communications, and is the result of work by engineers at Geni. Geni is the online, Web 2.0-style genealogy and social networking web site headed up by former PayPal founder David Sacks; the firm is venture backed by Charles River Ventures and Founders Fund.

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Yammer Bails On Los Angeles, Heading To Silicon Valley

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West Hollywood-based Yammer , the corporate microblogging site inspired by Twitter, is moving from the Los Angeles area to Silicon Valley, according to founder David Sacks. Sacks said that Geni, which spun out Yammer, remains in West Hollywood. Yammer provides a Twitter-like corporate microblogging platform, essentially a version of Twitter restricted to specific corporate domains. Tags: microblogging geni sacks david move valley silicon angeles yammer

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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. genealogy history tree family sacks david yammer executive geni

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Geni Bolsters Team, Names CTO, Enginering 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. geni executive yammer david sacks family tree history genealogy

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Geni Hit By Downtime

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No reason for the downtime was given, however, the downtime at Geni paralleled a similar, more widely reported downtime issues at sister firm Yammer. Tags: geni yammer downtime network issues family tree

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Geni.com Acquired By MyHeritage

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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. MyHeritage.com said it has raised $25M in a new round of funding at the same time, led by Bessemer Venture Partners, Index Ventures, and Accel Partners.

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Central Desktop Launches Its Own Take On Twitter

socalTECH

The new microblogging feature puts Central Desktop in competition with another local startup, Yammer, which has created its own enterprise and business focused take on Twitter. Tags: twitter microblogging desktop central saas software yammer 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.

A Tour of the Rubicon Project Headquarters

Frank Addante

Tags: rubicon project headquarters rubicast rubirewards office culture communication cultural values yammer

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 funding round, according to a regulatory filing by the firm on Thursday. No details on the startup have yet been announced. The filing indicates that 11 investors have so far invested in the company. READ MORE>>.

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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.

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The Perfect Pithy And Productive Investor Pitch

InfoChachkie

Ebay+Soundcloud = us" and "FLIMBY=Yammer+Delicious+Gotomeeting.". Yammer for Education) & explanatory (e.g., Is One Line Enough? A version of this article previously appeared on PandoDaily.

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. 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.

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BetterWorks Expands To San Francisco Bay Area

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Craig's co-founders include Zao Yang, the creator of Farmville, and George Ishii, co-founder of Geni and Yammer. Santa Monica-based BetterWorks said today that it has expanded its services into San Francisco and the Bay Area, and is planning on opening up in New York and Boston soon. The firm--headed by Paige Craig--helps provide employee benefits and perks using web-based software and technology.

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Lindzon Backs Discoverly

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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. Howard Lindzon , the San Diego angel investors who also heads up stock micro-messaging site StockTwits , has invested in another private company-- Discoverly.

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Pocket Change Finds More Funding

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The firm, which provides virtual currency handling for Android game makers, is the startup of Ari Mir, who formerly co-founded GumGum, and Amos Elliston, who served as CTO at Geni and SVP of Engineering at Yammer.

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

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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). Santa Monica-based Comparably.com , a new startup led by longtime entrepreneur Jason Nazar, has raised $6.5M in a funding round, and launched a new platform to help people compare pay and culture between companies.

YBUY Scores $1M More

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The round was led by TomorrowVentures, the personal investment fund of Google Chairman Eric Schmidt, and also included David Hanna (CompuCredit) and Jim Patterson (Yammer). Manhattan Beach-based YBUY , which is developing a monthly subscription service to help users try products before buying them, has raised $1M in a funding round, the firm disclosed Thursday.

OneLogin Gets $1.5M For Identity Software

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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 round came from Charles River Ventures, and existing investor in the company. The firm said the funding will go towards engineering, sales, and product development.

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Social Networking and Business Value

SoCal CTO

Top officers of some of the leading social media websites and tools (including Facebook, MySpace and Yammer) will be on the Panel, and there will be panelists from the worlds of media sharing platforms (Pringo), online advertising (Stun Media) and law (Greenberg Glusker), the latter to highlight risks relating to such issues as corporate blogging and privacy. He has performed this role since the company’s inception after Yammer was spun-out of Geni Inc. (a

Cross Campus Plans Expansion Into Pasadena

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Cross Campus said the new location is owned by Rising Realty Partners (RRP) and technology entrepreneur David Sacks, who was the CEO of Yammer and was the COO of PayPal.

Betterworks Raises $1.5M

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Craig has recruited the co-creater of Zynga's Farmville game, Sizhao Yang, as well as George Ishii, who was co-founder of Geni.com and Yammer, as co-founders. Santa Monica-based BetterWorks , a stealth mode startup headed by well known angel investor Paige Craig, has raised around $1.5M in a funding round. The funding actually occurred in late December, over the holidays.

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CapLinked, Startup America Tie On Startup Fundraising

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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. Los Angeles-based CapLinked , which operates an online platform for managing fundraising by startups, has linked with the Startup America Partnership.

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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.

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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

and so on and we do private implementations with the likes of Yammer and others. I’m super proud to announce that DataSift has just completed a $42 million financing round coming at the end of a year where its revenue grew several hundred percent year-over-year.

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CapLinked Lands New Funding Round

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The firm's other investors include Peter Thiel (co-founder of PayPal), David Sacks (CEO of Yammer), Joe Lonsdale (co-founder of Palantir Technologies), Stephan Paternot (co-founder of TheGlobe.com), David Anderson (managing partner of 7th Rig), 500 Startups, and Wasabi Ventures. 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.

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

Both Sides of the Table

If you were at TechCrunch 40 in the early days and you won: Mint, Yammer, RedBeacon – you were an instant darling. It’s February now.

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Layoffs Hot Keyword for Second Half of January 2009

SoCal CTO

Last month we Launched Los Angeles Tech and in the announcement we provide the Hot List for the first half of January 2009. This hot list is based on various social signals of what people are writing about, reading, bookmarking, searching, etc. You can go to the Hot List post to see what was hot then. But, in running it now for the second half of January, the keyword that popped to the top was: Layoffs And this is definitely a sign of the times.

The Coming Shift in Enterprise Software

Both Sides of the Table

The trailblazer in the category of course was Twitter and David Sacks quickly spotted the use case for enterprise and launched Yammer, which was purchased by Microsoft for more than $1 billion.