All Things Digital

Skip to main content.

BoomTown

Friday, November 6, 2009

All Is Forgiven: “It’s a Clean Slate,” Says Andreessen About Lawsuit-Mad Skype Co-Founders

lol cat peas

Silicon Valley legend and now VC Marc Andreessen was making the interview rounds after the settlement between the litigation-addled co-founders of Skype and all the various people they were suing was announced this morning.

In an interview with BoomTown, when asked about the aggressive legal tactics of Niklas Zennström and Janus Friis that resulted in them finally seizing a stake in the Internet telephony giant by suing him and many other Silicon Valley players, Andreessen said:

“We did not take it personally. It’s a clean sheet of paper.”

Well, it is actually a torn, stained and very worn out piece of paper, but bygones!

Read More »

Wednesday, November 4, 2009

I Love the Smell of Settlement in the Morning: Skype Founders Set to Get 10 Percent, Option to Buy Three Percent More and Two Board Seats

funny-pictures-only-your-cat-survived-the-epic-paper-war

According to several sources close to the situation, barring any unforeseen delay, a deal to settle the Skype imbroglio is likely to be announced around the time the markets open tomorrow.

While the massive agreement–which will settle a series of lawsuits waged by Skype’s co-founders–is not yet officially signed, sources said lawyers are apparently putting the finishing touches on the paperwork.

Sources also said that those co-founders–Niklas Zennström and Janus Friis–will get 10 percent of Skype back for rights to key technology they control, an option to pay $83 million for another three percent of the Internet telephony service and two seats on the 23-member board.

Read More »

Monday, August 17, 2009

Sale of iLike to MySpace–$13.5 Million in Cash, $6 Million for Talent Retention–Delayed Over Tax Issues (Really!)…Plus, the List of Other Suitors!

The board of iLike planned a meeting earlier tonight to go over a buyout offer by MySpace, several sources close to the situation said. But it was suddenly canceled because of some thorny tax implications related to the talent-retention part of the deal to purchase the social music start-up.

This does not mean the pending acquisition is in jeopardy, sources said, and it could be on track to be signed as early as today, barring any more complications.

What’s also been unclear is the actual price the social networking giant is paying for iLike, which has been reported as about $20 million. In fact, only $13.5 million will be paid in cash, with $6 million slated for forward payments to retain key talent.

Read More »

Tuesday, July 21, 2009

Ning Raises $15 Million More at a–Yes, Really–$750 Million Valuation

ning-logo

In a quiet fund-raising effort, Ning has raised $15 million more, a round that is valuing the social networking start-up at an eye-popping $750 million.

The money for this fifth Series E round comes from Silicon Valley’s Lightspeed Venture Partners.

The Palo Alto, Calif.-based Ning, founded by well-known entrepreneur and Ning Chairman Marc Andreessen and CEO Gina Bianchini, confirmed the funding when contacted by BoomTown. It was not actively searching for funding.

Read More »

Friday, July 17, 2009

Exclusive: Patch Media CEO Brod Now Heading AOL’s Venture Unit

image002

In yet another appointment of an exec close to AOL Chairman and CEO Tim Armstrong, Patch Media CEO Jon Brod has taken over the new venture arm of the Time Warner online unit.

He ran Patch for Armstrong and was president and COO of Polar Capital Group, Armstrong’s private investment company, which is focused on the media, technology and sports sectors.

Now Brod will helm AOL Ventures, a new unit of AOL that Armstrong created as part of a larger new strategy to invest in new things, and he will manage a portfolio of some of its more difficult recent acquisitions.

Read More »

Monday, July 13, 2009

Facebookers Start Cashing Out Up to 20 Percent of Shares With New $100 Million Investment

should-you-cash-out-your-401kjpg

According to sources close to the situation, current and former employees of Facebook are now going to be able to sell up to 20 percent of their common shares.

It is part of a $100 million add-on investment in the social networking company by the Russian investors who recently put $200 million into the company for preferred shares valued at $10 billion.

The new tender offer today by Digital Sky Technologies for common shares of Facebook is valued at $6.5 billion, or $14.77 a share.

Read More »

Sunday, July 5, 2009

New VC Marc Andreessen Speaks About Going to the “Dark Side” and More!

296211136_2d8651f9be-199x300jpg

It’s finally official: Marc Andreessen has crossed over to what he once called “the dark side” and is now a venture capitalist.

Several weeks ago, BoomTown broke the news that the Silicon Valley legend and serial entrepreneur and his longtime investing partner, Ben Horowitz, had completed the raising of $300 million for a new venture fund.

And, indeed, the new firm–which is made up of just the two–is now launched and called Andreessen Horowitz.

Of course, I had done a video interview with Andreessen with my Flip.

Read More »

Monday, June 15, 2009

BoomTown Interviews Arianna, Ken and Eric About Huffington Post Exec Changes: BAM!!

548596634_uuxgj-m-1jpg

Apparently, if you want to think about the growth of the Huffington Post as a culinary dish, perhaps today’s replacement of CEO Betsy Morgan with longtime online media powerhouse Eric Hippeau might appear under the Emeril Lagasse cooking cliché: Let’s kick it up a notch!

Both co-founders of the online media site, Arianna Huffington and Kenneth Lerer, said as much in interviews I did with them–as well as Hippeau–this afternoon.

“The deal is that we simply have been growing so fast that we needed more firepower to accelerate in expanding the site and monetizing it,” said Huffington, who is also editor-in-chief of the news site.

Read More »

Friday, June 12, 2009

Andreessen and Horowitz Complete Raising Dough for $300-Million Venture Fund–Let the Seed Investing Begin!

296211136_2d8651f9be

Even in the midst of a tough investing environment, Silicon Valley legend and serial entrepreneur Marc Andreessen and his longtime investing partner, Ben Horowitz, have completed the raising of his new venture fund, according to the numerous sources close to the situation, and it is oversubscribed.

Sources said the fund–which was nicknamed “Project A,” but is actually called Andreessen Horowitz–will be $300 million. It is $50 million over the $250 million he and Horowitz had planned.

Read More »

Wednesday, May 13, 2009

Exclusive: BlogHer Nabs $7 Million in New Funding

logo-tagline

BlogHer, which bills itself as “the community for women who blog,” has gotten $7 million more in a Series C funding, which will bring the total investment in the site to about $15.5 million.

The new round includes a return by two existing investors, Venrock and Peacock Equity, a fund run by GE and its NBC Universal unit. Azure Capital is joining as a new investor.

In an interview with BoomTown, BlogHer CEO Lisa Stone said the site’s recent fast growth was the impetus for the new round, in order to improve tools offered to its 2,500 vetted bloggers as well as investing in better research and advertising technology.

Read More »

Monday, April 27, 2009

Entrepreneur-Turned-VC Satish Dharmaraj Speaks About His Very First VC Investment!

penny

Little known factoid: Every time a penny drops onto a start-up, a venture capitalist gets his wings.

Well, OK, not so much, but it’s one way to look at it.

An example of that, though, is this video interview I did with serial Silicon Valley entrepreneur Satish Dharmaraj, who has been on the ground floor of a number of tech start-ups, sold one (Zimbra to Yahoo for $350 million in late 2007) and has now made his first investment as a new VC.

Read More »

Wednesday, April 22, 2009

Former Facebook Exec Van Natta Set to Take Over at MySpace, as Founder DeWolfe Prepares to Step Down

owen-van-natta

Finally, Owen Van Natta is about to win out over a founder.

The former Facebook COO is poised to become the CEO of MySpace, replacing co-founder and current CEO Chris DeWolfe.

DeWolfe will likely get a title as a special adviser to MySpace in a deal that is still coming together.

But the die seems cast for Van Natta to take over the thorny job of rehauling MySpace, which is owned by News Corp.

It’s familiar territory for him.

Read More »

Tuesday, April 21, 2009

Liveblogging the Yahoo Earnings Call: It All Depends on Your Definition of What “Wow!” Is

1-1jpg

A major Yahoo investor yesterday told me that he liked what he saw so far from new Yahoo CEO Carol Bartz, but he was wary.

“I like the sizzle,” he said, referring to Bartz’s decisive take-no-prisoners style. “But I am still waiting to see if steak is there too.”

Well, Bartz sizzled at its first-quarter earnings conference call today, tossing off some ribald words as she also handed over some tough news to chew on, announcing Yahoo’s much-expected weak first-quarter results. The company also said it would cut five percent of its staff of 13,600, which is close to 700 employees.

BoomTown liveblogged the call with Bartz, who noted about Yahoo: “The most important takeaway was the importance of having a ‘Wow!’ experience.”

Read More »

Monday, April 20, 2009

The Shocking Spot Runner Lawsuit Vs. the BoomTown Video of CEO Nick Grouf in Happier Days

loldog-funny-pictures-innocent-dogjpg

As everyone knows by this morning, Spot Runner–the heavily-funded and once-hyped online-offline advertising agency–is being sued by one of its more prominent investors.

Ad behemoth WPP essentially paints an ugly picture of Spot Runner as the Bernie Madoff of Web 2.0.

It is alleging in a lawsuit that Spot Runner, in a “pump and dump” scheme, sold over $54 million in “secondary” shares to line its own pockets without telling WPP much, all while losing money, running out of funding and not building a sustainable business.

Here’s the background and also an interview BoomTown did with CEO and co-founder Nick Grouf in better days.

Read More »

Thursday, April 9, 2009

If Yahoo’s Going Social, Is Demand Media Back on Its Dance List?

about_hsl_01

Last year, Yahoo EVP Hilary Schneider and then-Media Group head Scott Moore had a summery seaside dinner with Demand Media co-founder and CEO Richard Rosenblatt in Santa Monica, Calif., right around the corner from the online publishing company’s HQ.

While many speculated that Yahoo could be doing some friendly kibitzing to get a sense of where the eclectic network of general- and special-interest sites was headed, for a possible acquisition, nothing came of it.

But now, a year later, with recent indications that a major strategy for new CEO Carol Bartz will finally follow through on making Yahoo’s massive but disparate service more social, especially in its content offerings, several sources close to the company tell me another look-see at Demand is likelier than ever.

Read More »

Latest BoomTown Videos

More Videos »

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.

Read more »