<![CDATA[Gawker: valleywag, us venture partners]]> http://tags.gawker.com/assets/base/img/thumbs140x140/gawker.com.png <![CDATA[Gawker: valleywag, us venture partners]]> http://gawker.com/tag/valleywag/usventurepartners http://gawker.com/tag/valleywag/usventurepartners <![CDATA[Sneaky ad startup Jellycloud deflates, taking $50 million-plus with it]]> The online-ad network market is clogged with startups; most are bound to fail. But no death may be greeted with more joy than Jellycloud, the latest incarnation of Gator, a startup whose software was caught spying on users. A tipster tells us Jellycloud, with 36 employees, went under this weekend, with liquidators repossessing their furniture. A hard death, after a questionable birth.

Gator had changed its name to Claria, and raised some $40 million to launch a personalized homepage which never caught on. In the sneakiest move of all, it then raised $11.5 million under a new company name, JellyCloud, with the same set of executives as Claria — Scott Vandevelde and Scott Eagle among them. Was Jellycloud just Claria reborn? It's now a moot point, if our tipster's report is accurate. And a painful mistake for US Venture Partners, SoftBank, Sand Hill Capital and Crosslink Capital — who have managed to lose $11.5 million in just five months.

]]>
http://gawker.com/index.php?op=postcommentfeed&postId=5056918&view=rss&microfeed=true
<![CDATA[MyYearbook scores $13 million to cater to more 13 year olds]]> MyYearbook, a social network for teens turned off by the old people thronging Facebook and MySpace, has raised an additional $13 million in venture capital. The social-network startup wooed by Barry Diller's IAC last year, but a deal never happened. The site claims to be the third biggest social network in the U.S.

Some prize: Numbers from Hitwise give MyYearbook 1.5 percent of U.S. traffic to social networks. Compared to MySpace's 71.9 percent and Facebook's 16.9 percent, that's a limp into bronze. Norwest Ventures Partners, US Venture Partners, and First Round Capital participated in this second round of funding. MyYearbook says that it will "use the money to create new services and make more money." One likely way it will do the latter: Dropping Glam Media as its online-advertising network so it can keep more of its advertising revenues.

]]>
http://gawker.com/index.php?op=postcommentfeed&postId=5031033&view=rss&microfeed=true