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Monday, September 21, 2009

Yahoo Adds Zimbra to the Garage Sale as It Tries to Shed What Isn’t “You!”

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According to numerous sources, Yahoo has been shopping around Zimbra, the open-source email company it bought in late 2007 for $350 million.

Zimbra is only one of the many assets of Yahoo that are now on the block, including its personals business, its HotJobs online classified unit and more to come.

The effort to unload Zimbra is yet another sign that the company is trying to slim down its diverse portfolio, even as it strives to redefine itself this week with a new, pricey marketing campaign that seeks to position Yahoo primarily as a consumer company.

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Monday, August 17, 2009

SurveyMonkey’s Dave Goldberg Speaks! (Plus a Tour of His New Planet of the Apes Lair in Silicon Valley)

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BoomTown was as surprised as anyone when longtime Silicon Valley Web music entrepreneur Dave Goldberg said in May that his next move was going to be investing in and running an online survey company with the unusual name of SurveyMonkey.

Most expected the former Yahoo music head to land at an entertainment or media giant, running its digital operations.

But it is at SurveyMonkey where Goldberg has swung himself and he has now made good on his promise to open a Silicon Valley office of the Portland-based start-up.

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Monday, August 10, 2009

Take That, Twitter! Facebook’s Cox and FriendFeed’s Taylor Talk About the Deal (But Not BoomTown’s $50 Million Guess on the Price)

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After Facebook announced today that it had acquired online content-sharing site FriendFeed, BoomTown had a chit-chat with Facebook’s Director of Product, Chris Cox, and FriendFeed co-founder Bret Taylor.

Although neither budged on telling me the purchase price, which various Silicon Valley venture capitalists I spoke to estimated to be about $50 million in cash and stock, the pair came together after several months of casual conversation, probably sometime after Twitter spurned Facebook’s $500 million offer last year.

But, as in failed love affairs, moving on is the next best thing to do!

No word on who got to break the news to No. 1 FriendFeed Fanboy Robert Scoble.

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Facebook Acquires Not-Twitter, Oops, FriendFeed (Plus the Full Press Release and More)

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Facebook said today it is acquiring FriendFeed, the online content sharing site.

It is a logical fit for the social networking site, which has lagged behind microblogging kingpin, Twitter, in the real-time search and status game of perception in Silicon Valley. FriendFeed has also trailed well behind Twitter.

Terms were not disclosed, but it is likely be well under the $500 million Facebook once offered Twitter. In fact, sources estimate to me that the price was about $50 million in cash and stock.

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Monday, April 20, 2009

Former Yahoo Music Exec Dave Goldberg to Head SurveyMonkey

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Former Yahoo music head Dave Goldberg–who has been an entrepreneur-in-residence at Benchmark Capital since he left the Internet company more than two years ago–has finally landed at another company, sources said, taking over as CEO of SurveyMonkey.

Goldberg will head the Portland-based private company, which is an online survey creator, including offering analytics of the results.

Sources said he will also become a minority investor in SurveyMonkey, as part of a deal in which Spectrum Equity Investors and other investors, including Bain Capital Ventures, are acquiring a majority interest in the company.

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Thursday, March 19, 2009

Flip Flips to Cisco for $590 Million in Stock (Plus the Press Release)

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Pure Digital, the maker of the popular Flip digital video cameras, has sold itself to Cisco (CSCO) for $590 million in stock.

The deal, which had been rumored last week, was announced this morning by Cisco.

The simplicity of Pure Digital’s line of relatively inexpensive cameras has made it a huge consumer success, which is no easy task in the devices arena.

And Cisco has been trying to turbocharge its consumer-focused business and the move is a clear step in that direction.

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Friday, February 13, 2009

There’s No Biz Like No Biz at Twitter! (And Will Google Swoop In Before It All Comes Crashing Down?)

Since BoomTown constantly called the $15 billion valuation of Facebook “insane” when Microsoft forked over $240 million in 2007, and gave Slide’s Max Levchin a very hard time when his widget company got a $550 million valuation a year ago, it’s only fair that I say something equally appropriate about Twitter.

The hot microblogging service just got its very own $250 million valuation, but without a dime of revenue in sight. (I know, Bijan, it’s coming, it’s coming!)

After all, Facebook and Slide got their funding in boom times and here we are hurtling toward a possible Depression: The Sequel.

But I am torn.

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Monday, December 8, 2008

Kara Visits FriendFeed (Now in Six New Languages)!

This morning, FriendFeed, which is a kind of content delivery version of Twitter, went international, launching in six new languages–German, French, Spanish, Japanese, Russian and simplified Chinese. Now live, the move is a natural extension for the Mountain View, Calif.-based start-up–founded earlier this year by a small gang of ex-Googlers, who joined together to create a service for super-aggregating updates of all kinds for social-networking and news items in an ongoing feed. Here’s a video interview I did last week with Taylor and Buchheit about a range of topics, including–my favorite–monetization, or lack thereof, of a lot of terrific services like FriendFeed and Twitter.

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Thursday, October 30, 2008

The Entire Video of John Doerr Giving 10 Tips for Start-ups to Avoid the Econalypse

Here’s a video of star VC John Doerr reciting his 10 tips for start-ups to follow in the economic downturn, dispensed at a VentureBeat roundtable event on the downturn yesterday.

And the Kleiner Perkins Caufield & Byers VC didn’t need a massive, noisy PowerPoint like Sequoia Capital to make his quick and clear points, which he delivered in four minutes flat.

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Monday, August 18, 2008

The Curious Case of Facebook’s Benjamin Ling and Sheryl Sandberg

Here’s one certainty in the hubbub that has resulted in the wake of the departure of high-profile exec Ben Ling from Facebook last week: COO Sheryl Sandberg is definitely not responsible for the melting of the polar ice caps.

That’s the joking question–Was global warming Sandberg’s fault too?–that was asked at a staff meeting at the social networking start-up last Friday afternoon, after the news of Ling’s departure, on the heels of some other previous employee exits, suddenly morphed into a series of increasingly vituperative posts on the Valleywag tech gossip site that all centered on what blogger Owen Thomas called Sandberg’s “reign of terror” at Facebook.

The truth of the situation, though, is actually a lot more interesting.

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Sunday, June 22, 2008

They Grow Up So Quickly: New Central HQ for Facebook Coming Soon!

It looks like Facebook will definitely be moving from its funky multi-building setup in downtown Palo Alto, Ca. to a centralized campus in Silicon Valley, said several sources.

The high-profile social networking company–which has been undergoing a major managerial shift of late as it matures from its startup status to that of a more established Web player–has been growing quickly to almost 600 employees today from a couple hundred last year.

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Thursday, June 19, 2008

Facebook’s Matt Cohler to Benchmark

In a move BoomTown is still trying to noodle over, longtime Facebook exec Matt Cohler (pictured here) will be leaving the social networking site to become a general partner at Benchmark Capital.

Cohler, who is currently Facebook’s VP of Product Management, was one of its earliest hires and, as I wrote once, seemed to me like “the Yoda figure at Facebook to me.”

He will not leave the prominent social networking company for the venture capital firm until the fall, though.

And, after he goes, Cohler will remain as a “special advisor” to Facebook Founder and CEO Mark Zuckerberg and senior management.

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Tuesday, June 10, 2008

Yahoo Execs Under Stress–Whither Weiner?

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Yahoo’s board has been meeting today and, doubtlessly, its directors had a lot to talk about (more on that later!).

Of course, there’s the obvious topic of having to figure out how best to deal with the noisy stylings of billionaire investor Carl Icahn, who is waging a proxy war on Yahoo and calling for new management at the top.

But perhaps what the board should be focused on is the old management at Yahoo, especially in the levels just below the top, who have been operating the company under a lot of stress for far too long.

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Friday, December 7, 2007

Venture Summit: Has the Internet Jumped the Shark?

So I moderated a panel yesterday at AlwaysOn’s Venture Summit West, held at the Ritz Carlton at Half Moon Bay, Calif., with the title “Is There Still an Upside to the Internet?”

Of course, I redubbed it: “Has the Internet Jumped the Shark?” For the love of All Things Fonzie, you bet it has.
The discussion centered [...]

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Monday, May 14, 2007

Monday Morning Quarterback 3: The Promiscuous Edition

I always pay attention when anyone calls a media executive smart and, when it is a newly minted one, I pay particular attention. In a post today, BuzzMachine’s Jeff Jarvis points to a story in The Wall Street Journal also today about CBS’s renewed efforts to plunge into the digital space under the leadership of [...]

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About Kara

Kara Swisher started covering digital issues for The Wall Street Journal's San Francisco bureau in 1997 and also wrote the BoomTown column about the sector. With Walt Mossberg, she co-produces and co-hosts D: All Things Digital, a major high-tech and media conference. Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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