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	<title>Crosscut Ventures News</title>
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		<title>Selena Gomez Makes Her First Tech Investment</title>
		<link>http://crosscutventures.com/news/?p=215</link>
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		<pubDate>Thu, 17 Nov 2011 15:50:15 +0000</pubDate>
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		<description><![CDATA[The young actress and singer Selena Gomez has helped fund an app called Postcard on the Run, which helps users print and send postcards of photos from their iOS and Android devices.
Gomez found Postcard on the Run while fiddling with her iPhone on tour, she told AllThingsD on Wednesday. She “fell in love with it, [...]]]></description>
			<content:encoded><![CDATA[<p>The young actress and singer Selena Gomez has helped fund an app called <a href="http://www.postcardontherun.com/">Postcard on the Run</a>, which helps users print and send postcards of photos from their iOS and Android devices.</p>
<p>Gomez found Postcard on the Run while fiddling with her iPhone on tour, she told <strong>AllThingsD</strong> on Wednesday. She “fell in love with it, and told all my friends about  it.” Then she emailed the company and told them she wanted to help.</p>
<p><a href="http://allthingsd.com/files/2011/11/Selena7.jpg"><img title="Selena7" src="http://allthingsd.com/files/2011/11/Selena7-380x252.jpg" alt="" width="380" height="252" /></a>Gomez,  the star of the Disney Channel series “Wizards of Waverly Place,” has  now participated in a $750,000 funding round for the start-up — its  first outside investment, and her first-ever tech investment.</p>
<p>People in Silicon Valley like to talk smack about celebrity tech  investors, but with the power of social media, they’re not quite as much  of a vanity move for all involved anymore. Gomez has more than eight  million Twitter followers and nearly 25 million Facebook “Like”-ers.</p>
<p>A little light promotion by Gomez has already been really effective,  said Postcard on the Run founder and CEO Josh Brooks. A single post on  her Facebook page led to 20,000 app downloads in 24 hours.</p>
<p>And she’s been using the app herself, Gomez added. She said she has  sent at least 12 postcards to her grandmother, and she’s sending cards  to fans, as well — 25,000 of them signed up for the chance during <a href="http://www.postcardontherun.com/selena">a recent promotion</a>.</p>
<p><span id="more-215"></span></p>
<p>Postcard on the Run competes with Postagram and the new <a href="http://www.apple.com/iphone/from-the-app-store/apps-by-apple/cards.html">Apple Cards</a>. What is Postcard on the Run’s standout feature? Scratch-and-smell scents on your postcards.</p>
<p>No, really. For an extra 50 cents, on top of the usual $1.49, you can  embed the scent of sunscreen into the wish-you-were-here card you send  from Hawaii. Other fragrances include chocolate, popcorn and holiday  spice.</p>
<p>Gomez joins a new class of celebrity tech investors — most prominent  among them Ashton Kutcher, who has made tons of investments in companies  like Airbnb, Zaarly and Hipmunk. In addition to money and advice,  Kutcher famously promotes his portfolio companies through social media, <a href="http://gawker.com/5831935">in print</a> and <a href="http://allthingsd.com/20110803/ashton-kutcher-set-to-smoothly-name-drop-tech-start-ups-on-tv/">on his TV show</a>.  Others celeb investors include Kim Kardashian (ShoeDazzle), Justin  Timberlake (Myspace and others) and Leonardo DiCaprio (Mobli). <a href="http://mashable.com/2011/09/19/justin-bieber-startup-investor/">Mashable has been saying</a> that a start-up investment by Gomez’s boyfriend Justin Bieber is imminent.</p>
<p>Brooks, meanwhile, is not just some up-and-coming app developer  meeting a celebrity for the first time. (Which is kind of too bad,  right? I’d like to imagine Selena Gomez plucking a nobody from obscurity  as she’s trying new apps on her tour bus.) He was formerly VP of  programming and music at Myspace and head of content and programing for  Project Playlist; before that, he was a talent manager.</p>
<p>Brooks’s other investors include Crosscut Ventures, Mike Jones,  Kamran Pourzanjani, Yves Sisteron, Aber Whitcomb, Brian Fitzgerald, Ryan  Steelberg, Colin Digiaro, Brian Lee, Chris DeWolfe and Jarl Mohn.</p>
<p>Will Gomez keep investing? “Maybe,” she said, “but at the moment, I’m  good. I don’t like overwhelming myself, I like to focus and put my all  in, so that’s what I’m doing.”</p>
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		<title>In-Image Ad Network GumGum Raises $7 Million From NEA, First Round And GRP</title>
		<link>http://crosscutventures.com/news/?p=175</link>
		<comments>http://crosscutventures.com/news/?p=175#comments</comments>
		<pubDate>Mon, 24 Oct 2011 02:59:24 +0000</pubDate>
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		<description><![CDATA[by Leena Rao

In-image ad network GumGum has raised $7 million in new funding from NEA with GRP and First Round  Capital participating in the round. This brings GumGum’s total funding  to $11 million.
GumGum’s in-image ad platform reaches 110 million unique visitors and  serves billions of in-image ads per month. Co-Founded in 2007 [...]]]></description>
			<content:encoded><![CDATA[<div>by Leena Rao</div>
<div><img title="gumgum" src="http://tctechcrunch2011.files.wordpress.com/2011/10/gumgum.png?w=184" alt="gumgum" width="184" height="65" /></div>
<p>In-image ad network <a href="http://gumgum.com/">GumGum</a> has raised $7 million in new funding from NEA with GRP and First Round  Capital participating in the round. This brings GumGum’s total funding  to $11 million.</p>
<p>GumGum’s in-image ad platform reaches 110 million unique visitors and  serves billions of in-image ads per month. Co-Founded in 2007 by Ophir  Tanz, GumGum works with online publishers like Time Warner, Hearst  Corporation, Tribune, TMZ, Gannett and Glam Network to turn photographs  into interactive experiences by overlaying text, banner or Flash ad  units on top of the images.</p>
<p>For advertisers, GumGum’s proprietary image recognition and targeting  technology aims to garner engagement through highly targeted campaigns.  GumGum says that its campaigns yield 20 times the click-through rates  than traditional ad networks. And the company has been profitable since  early 2011.</p>
<p>The new funding will be used to grow the ad sales infrastructure and  team, towards the development of proprietary image recognition, ad  serving, and ad matching technologies and for the expansion into  additional territories.</p>
<p>GumGum faces competition from <a href="http://techcrunch.com/2011/07/27/adsense-for-images-pixazza-rebrands-as-luminate-launches-platform-for-in-image-apps/">Luminate</a> and <a href="http://www.crunchbase.com/company/picad-media">Image Space Media.</a></p>
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		<title>GraphEffect Adds Former President and COO of [x+1], Co-Founder of Blackboard, as President</title>
		<link>http://crosscutventures.com/news/?p=159</link>
		<comments>http://crosscutventures.com/news/?p=159#comments</comments>
		<pubDate>Tue, 18 Oct 2011 02:42:06 +0000</pubDate>
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		<description><![CDATA[SANTA MONICA, Calif., Oct. 18, 2011 /PRNewswire/ &#8212; GraphEffect, the leading social ad management and analytics platform for agencies and Fortune 500 brands, today announced that Stephano Kim, former President and COO of [x+1], has joined its executive team as President.  In addition to a variety of responsibilities across operations, sales, and marketing, Mr. [...]]]></description>
			<content:encoded><![CDATA[<p>SANTA MONICA, Calif., Oct. 18, 2011 /PRNewswire/ &#8212; GraphEffect, the leading social ad management and analytics platform for agencies and Fortune 500 brands, today announced that Stephano Kim, former President and COO of [x+1], has joined its executive team as President.  In addition to a variety of responsibilities across operations, sales, and marketing, Mr. Kim will also serve as the general manager of GraphEffect&#8217;s newly-opened New York and Chicago offices.</p>
<p>The GraphEffect platform is built on top of Facebook&#8217;s marketing APIs, including the Facebook Ads API, which allows developers to integrate into the Facebook Ads system and provide marketers with new solutions to manage Facebook Ads.</p>
<p>GraphEffect is the leading social ad management and analytics platform for agencies and Fortune 500 brands. The GraphEffect platform optimizes content, creative, and audience to find the perfect audience at massive scale on behalf of brands such as American Express, General Electric, Microsoft, and Clinique.</p>
<p><span id="more-159"></span></p>
<p>&#8220;We are extremely excited to add Stephano to our team,&#8221; said James Borow, CEO of GraphEffect. &#8220;We are very fortunate to add an executive of his skill set and character to the company – he will play a big role in achieving our goal of providing the best social advertising platform to brands and agencies.&#8221;</p>
<p>&#8220;I&#8217;m very excited to join an extremely bright and motivated team that has already accomplished so much in such a short period of time,&#8221; said Mr. Kim.  &#8220;GraphEffect is leading the pack in delivering powerful tools and scalable performance to brands and agencies in an increasingly important medium.&#8221;</p>
<p>&#8220;Stephano brings a wealth of relevant operating experience to the company,&#8221; added Clark Landry, Executive Chairman of GraphEffect. &#8220;We are thrilled to add him as a core member of our executive team.&#8221;</p>
<p>About GraphEffect</p>
<p>GraphEffect is the leading social ad management and analytics platform for agencies and Fortune 500 brands. The GraphEffect platform optimizes content, creative, and audience to find the perfect audience at massive scale on behalf of brands such as American Express, General Electric, Microsoft, and Clinique.</p>
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		<title>GumGum&#8217;s Ophir Tanz Spins Gold from Ads on Images Online</title>
		<link>http://crosscutventures.com/news/?p=167</link>
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		<pubDate>Mon, 05 Sep 2011 02:51:25 +0000</pubDate>
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		<description><![CDATA[By Jennifer Wang                     Originally printed in Entrepeneur Magazine

Photography by David Johnson

A new ad sense: Ophir Tanz of Gumgum.




When he was 13, Ophir Tanz decided he&#8217;d never be able  to work for anyone else. By 15, he had started his first company, an  interactive branding agency called Fluidesign, which he sold before  heading [...]]]></description>
			<content:encoded><![CDATA[<div>By Jennifer Wang                     Originally printed in Entrepeneur Magazine</div>
<div><img src="http://www.entrepreneur.com/dbimages/article/topimage/worth-a-thousand-words-ophir-tanz.jpg" alt="GumGum's Ophir Tanz Spins Gold from Ads on Images Online" /></p>
<div>Photography by David Johnson</div>
</div>
<div>A new ad sense: Ophir Tanz of Gumgum.</div>
<div></div>
<div>
<div><a id="li_ui_li_gen_1320893455217_0-link"></a></div>
</div>
<p>When he was 13, Ophir Tanz decided he&#8217;d never be able  to work for anyone else. By 15, he had started his first company, an  interactive branding agency called Fluidesign, which he sold before  heading off to college. After graduating from Carnegie Mellon in 2004  with both bachelor&#8217;s and master&#8217;s degrees, a brief 10-month stint at the  Bridgewater Associates hedge fund confirmed what he had long known: &#8220;It  was a great salary, I learned a lot, but I just couldn&#8217;t help myself,&#8221;  he says of his entrepreneurial leanings.</p>
<p>Now 29, Tanz runs Santa Monica, Calif.-based <a href="http://gumgum.com/" target="_blank">GumGum</a>,  a digital network that places targeted advertisements over pictures  online. &#8220;Basically, we pioneered a way for publishers to make money  through ads on images,&#8221; he says.</p>
<p>GumGum claims to reach 110 million unique visitors per month and  says its smoothly integrated, in-image ads are clicked on as much as 20  times more than traditional online spots. This has enticed premium  publishers like Gannett, Time Warner, TMZ and Hearst to sign on with the  network, which hosts big-name advertisers such as Sony, Jack in the Box  and Curves.</p>
<p><span id="more-167"></span></p>
<p>Tanz came up with the idea in 2007, after realizing that photographs were the only juicy piece of <span style="color: #333333;">web page</span> real estate that hadn&#8217;t been monetized. He spent the next year studying  how images are displayed and figuring out how to reliably place ads on  top of them.</p>
<p>In addition to employing image recognition and clustering techniques,  GumGum&#8217;s proprietary technology assigns contextual keywords to images  by scanning the text on a page and analyzing incoming search traffic and  metadata. The results allow advertisers to target keywords that will  match their <span style="color: #333333;">marketing</span> messages to the right audiences.</p>
<p>For example, American Apparel might target a youthful,  hipster-leaning demographic with keywords such as &#8220;jeans&#8221; or &#8220;Zooey  Deschanel.&#8221; GumGum then places the fashion retailer&#8217;s ads on related  images across the sites of its publisher clients. The system is  user-friendly: Much like <span style="color: #333333;">Google</span> AdSense, publishers embed a code that causes ads on the GumGum network  to automatically appear on their web pages. (The publishers keep 60  percent of ad revenues.) On the other end, advertisers buy access to  GumGum&#8217;s network and target the most relevant images.</p>
<p>&#8220;In the beginning we had to knock down people&#8217;s doors,&#8221; Tanz says.  Now, things are different. GumGum has raised $4 million in venture  funding and attracted tech <span style="color: #333333;">veterans </span>like David Sacks (PayPal and Yammer), Michael Jones (Myspace) and Vince  Thompson (AOL and Facebook) as advisors and board members. Tanz  projects GumGum&#8217;s 2011 annual run rate at, conservatively, $10 million.  Later this year, GumGum will leap forward with an expansion effort and  introduce a self-service platform, inspired by Google AdWords, which  will allow businesses of any size to buy advertising space across the  network.</p>
<p>GumGum has never sought the media spotlight, but the company is on a hiring spree of late that includes a CFO and <span style="color: #333333;">communications</span> strategist. And Tanz is far more confident about drawing attention to his efforts.</p>
<p>&#8220;The communications piece hasn&#8217;t always been important to us because  we were bottom-line-focused and resource-strapped,&#8221; he says, &#8220;and the  story is always sort of shaky at the beginning.&#8221;</p>
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		<title>GraphEffect Launches Intelligent Facebook Advertising And Targeting Platform For Brands</title>
		<link>http://crosscutventures.com/news/?p=152</link>
		<comments>http://crosscutventures.com/news/?p=152#comments</comments>
		<pubDate>Fri, 19 Aug 2011 02:31:48 +0000</pubDate>
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		<description><![CDATA[by Leena Rao, Published on TechCrunch
Facebook advertising is exploding, with ad spend on the network expected to hit $4 billion in 2011. Clearly, brands and companies are flocking to Facebook to reach users. And startups like GraphEffect are trying to help advertisers serve in more-highly targeted advertising on network. Today, GraphEffect, which is backed by [...]]]></description>
			<content:encoded><![CDATA[<p>by Leena Rao, Published on TechCrunch</p>
<p>Facebook advertising is exploding, with ad spend on the network expected to hit <a href="http://www.bloomberg.com/news/2011-01-18/facebook-to-double-advertising-in-2011-to-4-billion-emarketer-estimates.html">$4 billion</a> in 2011. Clearly, brands and companies are flocking to Facebook to reach users. And startups like <a href="http://www.grapheffect.com/">GraphEffect</a> are trying to help advertisers serve in more-highly targeted advertising on network. Today, GraphEffect, which is <a href="http://techcrunch.com/2011/02/01/grapheffect/">backed</a> by Founder Collective, Lerer Ventures, and others, is launching its intelligent targeting system to the public.</p>
<p>GraphEffect’s platform allows advertisers to target Facebook ads  using behavioral characteristics that are not explicitly expressed on  the platform. So the company mines performance data and allows companies  to hyper-target users in a way that Facebook doesn’t offer through its  advertising platform. For example, based on likes and interests,  GraphEffect can identify the type of user who would by virtual currency  and target those users.</p>
<p>The key to GraphEffect us that it identifies certain traits of  Facebook users, including likes, interests and demographics, and creates  what the startup calls ‘lookalike’ models. Brands can then target to  ‘lookalikes’ based on this data.</p>
<p><span id="more-152"></span></p>
<p>Co-founder <a href="http://www.crunchbase.com/person/james-borow">James Borow</a> tells me the mechanics of GraphEffect are similar in theory to the way  Pandora decides to serve similar songs on its intelligent music  platform. He explains that Pandora isn’t one hundred percent sure you  may like a certain song that is similar to a chosen one, but serves it  because the likelihood that a user would enjoy a song is strong.  GraphEffect is applying this model to user data on Facebook and  targeting.</p>
<p>The GraphEffect platform is actually built on top of Facebook’s  marketing APIs and while in private beta for the past year, has helped  brands like American Express, Live Nation, GE, Microsoft, Clinique, and  others by optimizing their media spend to convert the type of users who  buy and interact with their products and services.</p>
<p>GraphEffect has also announced that it has added four digital media  and ad executives to its advisory board. Brandon Berger, Bob Dees, Peter  Hershberg, and Dave Knox have joined the GraphEffect advisory board,  and will be providing strategic counsel and guidance to the GraphEffect  executive team.</p>
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		<title>Verve Releases Local Mobile Index™ Report</title>
		<link>http://crosscutventures.com/news/?p=205</link>
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		<pubDate>Mon, 27 Jun 2011 06:04:54 +0000</pubDate>
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		<description><![CDATA[Local Mobile Ad Spends Grew 82% in the 1st Quarter
San Diego, CA and Washington DC – June 27, 2011 &#8211; Verve Wireless,  Inc. the leading mobile advertising platform for local media, released  their quarterly Local Mobile Index report today which shows a  significant increase in overall local advertising spending in mobile  [...]]]></description>
			<content:encoded><![CDATA[<p>Local Mobile Ad Spends Grew 82% in the 1st Quarter</p>
<p>San Diego, CA and Washington DC – June 27, 2011 &#8211; Verve Wireless,  Inc. the leading mobile advertising platform for local media, released  their quarterly Local Mobile Index report today which shows a  significant increase in overall local advertising spending in mobile  from the previous quarter.</p>
<p>Some key findings include:</p>
<p style="padding-left: 60px;">- Automotive was the top category with 28% of local mobile ad spends<br />
- St. Louis was the leading emerging metro area for local campaigns<br />
- Wednesday is the biggest day for local content consumption on mobile<br />
- Local display ads on Android platforms performed 52% better than on Apple&#8217;s iPhone®</p>
<p>Verve defines local advertising spends as small and medium  businesses purchasing mobile media within their respective markets.  It  does not include national advertisers spending in specific local  markets, which Verve instead classifies as national advertising.</p>
<p>&#8220;Even we were surprised by the substantial increase in local ad  spend,&#8221; states Greg Hallinan, Chief Marketing Officer for Verve, &#8220;we  expected growth, but an 82% increase really demonstrates how fast local  ad dollars are shifting to mobile.  In some respects, &#8216;Main St.&#8217; is  moving faster than &#8216;Madison Ave.&#8217; into mobile advertising.&#8221;</p>
<p><span id="more-205"></span></p>
<p>Verve&#8217;s Q1 Local Mobile Index™ seems to substantiate the recent  analysts forecasts calling for U.S. Mobile Local Ad Revenues to Grow  From $404 Million in 2010 to $2.8 Billion in 2015. (BIA/Kelsey-06.11)</p>
<p>The Verve Local Mobile Index (LMI) is a quarterly report showing  the latest trends and insights in local mobile advertising.  Derived  from data collected on the Verve Network during Q1 2011, the report  pulls from the more than 60 million active local mobile users consuming  more than 1 billion pages of mobile content, along with analysis of over  3,900 local campaigns placed during the reporting period.  Data is a  combination of Omniture, comScore, and Verve reporting.</p>
<p>Download the complete report (<a href="http://www.vervewireless.com/pdfs/LMI_Report_Q1_2011.pdf" target="_new">www.vervewireless.com/lmi</a>)</p>
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		<title>SHOEDAZZLE REACHES 1,000,000 FACEBOOK FANS</title>
		<link>http://crosscutventures.com/news/?p=140</link>
		<comments>http://crosscutventures.com/news/?p=140#comments</comments>
		<pubDate>Fri, 27 May 2011 06:24:52 +0000</pubDate>
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		<description><![CDATA[LAUNCHES SWEEPSTAKES WITH 101 WAYS TO WIN TO SAY “THANKS A MILLION” TO MEMBERS
Santa Monica, CA (May 27, 2011) – ShoeDazzle,  the largest online-only fashion brand, announced today a sweepstakes to  thank its loyal clients for helping them reach one million fans on  Facebook in record time. The “THANKS A MILLION” sweepstakes [...]]]></description>
			<content:encoded><![CDATA[<p><strong>LAUNCHES SWEEPSTAKES WITH </strong><strong>101 WAYS TO WIN</strong><strong> TO SAY “THANKS A MILLION” TO MEMBERS</strong></p>
<p>Santa Monica, CA (May 27, 2011) – <a href="http://www.shoedazzle.com/">ShoeDazzle</a>,  the largest online-only fashion brand, announced today a sweepstakes to  thank its loyal clients for helping them reach one million fans on  Facebook in record time. The “THANKS A MILLION” sweepstakes includes 101  ShoeDazzle prizes, including a fashionable Los Angeles getaway for two.</p>
<p>Over one million fashionistas continuously contribute to the  ShoeDazzle Facebook page to create a lively, style-centric community.  ShoeDazzle recently launched a <a href="http://www.shoedazzle.com/friends/million">shop-with-friends feature</a> which allows clients to engage with their Facebook friends within their  ShoeDazzle accounts, thereby creating a unique social-shopping  experience.</p>
<p>Commemorating its millionth fan, ShoeDazzle is asking fans and  members to “connect” on the site with their Facebook friends to enter  the “THANKS A MILLION” giveaway which offers 101 ways to win amazing  ShoeDazzle prizes!!</p>
<p><span id="more-140"></span></p>
<p>When a client “connects” with their friends on Facebook they are able  to share their monthly Showrooms with other connected members, engage  in fashion savvy conversations, as well as shop each other’s showrooms  all from the comfort of their own homes. ShoeDazzle is social shopping  at its best.</p>
<p>A contestant will receive one entry for being connected to Facebook  and an additional entry for every Facebook Friend that is connected to  him or her on ShoeDazzle.</p>
<p>To participate visit <a href="http://www.shoedazzle.com/">www.shoedazzle.com</a> and click “Connect on Facebook.”</p>
<p>Prizes Include:<br />
Grand Prize: One winner will win a two-night trip for two to Los  Angeles, CA and a $3,000.00 shopping spree with a ShoeDazzle celebrity  Stylist! Prize includes round-trip airfare for two as well  as  accommodations at a chic hotel in Los Angeles. (Approximate Retail  Value: $5,700.00)<br />
15 First Prizes: Winners will each receive a promotional code good for 6 credits on ShoeDazzle.com. (ARV: $239.70 each)<br />
35 Second Prizes: Winners will each receive a promotional code good towards 3 ShoeDazzle credits. (ARV: $119.85 each)<br />
50 Third Prizes: Winners will each receive a promotional code good toward 1 ShoeDazzle credit. (ARV: $39.95 each)</p>
<p>Facebook-integrated ShoeDazzle has created a daily rapport with over  1/3 of its 3 million members through frequent and relevant posts about  ShoeDazzle products as well as pop-culture, style advice, and regular  deals. It has successfully leveraged its Facebook page to create a  unique and instantaneous client services platform where in clients can  post questions or product requests and see a response from a ShoeDazzle  representative in a timely manner.</p>
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		<title>ShoeDazzle Secures $40 Million Financing Led by Andreessen Horowitz for a Total of $60 Million in Overall Funding Since Launch in March 2009</title>
		<link>http://crosscutventures.com/news/?p=136</link>
		<comments>http://crosscutventures.com/news/?p=136#comments</comments>
		<pubDate>Mon, 16 May 2011 06:18:06 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;       ShoeDazzle,        the leading personalized fashion ecommerce site, announced today it has        secured $40 million in Series D funding led by Andreessen        Horowitz. In conjunction with [...]]]></description>
			<content:encoded><![CDATA[<p>LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;       <a href="http://us.lrd.yahoo.com/SIG=16nqpg3h1/EXP=1309414921/**http%3A//cts.businesswire.com/ct/CT%3Fid=smartlink%26url=http%253A%252F%252Fwww.shoedazzle.com%252F%26esheet=6726090%26lan=en-US%26anchor=ShoeDazzle%26index=1%26md5=55dc732093903dbb950cd4af6e5bbb24">ShoeDazzle</a>,        the leading personalized fashion ecommerce site, announced today it has        secured $40 million in Series D funding led by <a href="http://us.lrd.yahoo.com/SIG=16obh4lo0/EXP=1309414921/**http%3A//cts.businesswire.com/ct/CT%3Fid=smartlink%26url=http%253A%252F%252Fa16z.com%252F%26esheet=6726090%26lan=en-US%26anchor=Andreessen%2BHorowitz%26index=2%26md5=f3511d3d54033798d0d13a5732d76ecb">Andreessen        Horowitz</a>. In conjunction with its investment in the company,        Andreessen Horowitz General Partner John O’Farrell will join the        ShoeDazzle board of directors.</p>
<p>The $40 million in funding, which brings ShoeDazzle’s total investment        to date to $60 million, will allow the company to further advance its        innovative, industry-leading model and provide existing and prospective        members with greater high fashion choices while continuing to deliver        the high touch service and affordability customers have grown accustomed        to receiving. The latest round of funding will permit the company to        expand its market share with new categories and continue to dominate the        category it pioneered with new product launches both within and outside        the US.</p>
<p>&#8220;Andreessen Horowitz seeks out investments in market leaders,&#8221; said        Brian Lee, Founder of ShoeDazzle. &#8220;This significant investment is a        strong endorsement of our business model, strategy and management team        and gives us the capital to continue to grow and innovate in the social        shopping arena.&#8221;</p>
<p><span id="more-136"></span></p>
<p>ShoeDazzle, which now boasts more than 3 million members, has        experienced strong demand, thanks to its unique, customer-driven        shopping experience that truly integrates a customer’s social graph. The        company’s innovative technology platform and proprietary algorithm        allows a team of leading stylists to recommend multiple fashion choices        based on customers’ individual preferences on a monthly subscription        basis. Furthermore, the company’s innovative soft-subscription model        provides it with a recurring revenue stream, while at the same time        offering its customers affordable fashion choices and significant        flexibility.</p>
<p>The Andreessen Horowitz-led investment represents ShoeDazzle’s largest        round of financing. ShoeDazzle had two previous venture-based rounds. <a href="http://us.lrd.yahoo.com/SIG=17evb7nge/EXP=1309414921/**http%3A//cts.businesswire.com/ct/CT%3Fid=smartlink%26url=http%253A%252F%252Fwww.polarisventures.com%252F%26esheet=6726090%26lan=en-US%26anchor=Polaris%2BVenture%2BPartners%26index=3%26md5=ebc9886f76fb86434deb16fef073fc3a">Polaris        Venture Partners</a> was its initial investor in November 2009 with $7        million, with <a href="http://us.lrd.yahoo.com/SIG=17efiq5kn/EXP=1309414921/**http%3A//cts.businesswire.com/ct/CT%3Fid=smartlink%26url=http%253A%252F%252Fwww.lightspeedvp.com%252F%26esheet=6726090%26lan=en-US%26anchor=Lightspeed%2BVenture%2BPartners%26index=4%26md5=3a0dd4755253adff503fd9b4d8396242">Lightspeed        Venture Partners</a> leading a $13 million round in April 2010. Both        firms participated in the latest round.</p>
<p>“ShoeDazzle’s innovative model and outstanding execution have positioned        the company as the clear market leader in offering online fashion and        styling services to women,” said John O’Farrell of Andreessen Horowitz.        “We believe the company, anchored by strong management, is poised for        continued strong growth as it continues its relentless focus on        providing a customer-centric solution to fashion shoppers.”</p>
<p>&#8220;We are pleased to welcome Andreessen Horowitz to the ShoeDazzle        family,&#8221; said Jason Trevisan, principal, Polaris Venture Partners. &#8220;We        recognized something special in ShoeDazzle at its earliest stage and        this latest investment led by Andreessen Horowitz both validates the        traction we have garnered and will permit the company to grow quickly to        an even greater position of strength and innovation.”</p>
<p>“When people say that they like to shop, they are not talking about        visiting the supermarket. Shopping is about going to the mall with        friends and finding a great pair of shoes. ShoeDazzle is the first to        bring that sense of social and entertainment shopping to the web, and        now has millions of women looking forward to their shoe selection each        month. There has been tremendous growth since we invested last year, and        much more to come with the latest round of funding,” offered Jeremy        Liew, Managing Director, Lightspeed Venture Partners.</p>
<p>Further information is available in a blog post from General Partner        John O’Farrell: <a href="http://us.lrd.yahoo.com/SIG=1c7krgb22/EXP=1309414921/**http%3A//cts.businesswire.com/ct/CT%3Fid=smartlink%26url=http%253A%252F%252Fjohn.a16z.com%252F2011%252F05%252F16%252Ffrom-jazz-to-sole%25E2%2580%2594introducing-shoedazzle%26esheet=6726090%26lan=en-US%26anchor=http%253A%252F%252Fjohn.a16z.com%252F2011%252F05%252F16%252Ffrom-jazz-to-sole%25E2%2580%2594introducing-shoedazzle%26index=5%26md5=e66016aa7ea98f21415a4f9b550d7617">http://john.a16z.com/2011/05/16/from-jazz-to-sole—introducing-shoedazzle</a></p>
<p><strong>About ShoeDazzle®</strong></p>
<p>ShoeDazzle is the leading online fashion brand delivering personalized        monthly shoe, handbag and jewelry selections to members by its team of        top celebrity stylists. Each recommendation speaks to au courant fashion        trends and is selected based on each member’s own distinctive sense of        style. The company, which was founded by Brian Lee, Robert Shapiro, MJ        Eng, and Kim Kardashian, who serves as the site’s Chief Fashion Stylist,        was launched in March 2009 and now boasts nearly one million Facebook        fans. ShoeDazzle, the first and most successful online styling service,        allows members to experience the personalized service of shopping on        Rodeo Drive at an affordable cost. ShoeDazzle’s no-obligation monthly        membership cost of $39.95 includes the stylists’ service, your choice of        a pair of shoes, a handbag or a jewelry set, and free shipping both ways        with easy returns. Visit <a href="http://us.lrd.yahoo.com/SIG=17ah5tsrp/EXP=1309414921/**http%3A//cts.businesswire.com/ct/CT%3Fid=smartlink%26url=http%253A%252F%252Fshoedazzle.com%252F%26esheet=6726090%26lan=en-US%26anchor=http%253A%252F%252Fshoedazzle.com%26index=6%26md5=eee9909dca3332e52200db3c28ef05a5">http://shoedazzle.com</a> for more information.</p>
<p><strong>About Andreessen Horowitz</strong></p>
<p>Andreessen Horowitz is a stage-agnostic venture capital firm that        provides seed, venture and growth-stage funding to the best new        technology companies. Founded by Marc Andreessen and Ben Horowitz,        Andreessen Horowitz helps entrepreneurs become successful CEOs and build        important and enduring companies. Its general partners are Marc        Andreessen, Ben Horowitz, John O&#8217;Farrell and Scott Weiss, all widely        recognized experts in the creation, scaling, and operation of high        growth technology companies. The firm has $1.2 billion under management        across two funds. Among its 30 investments are Facebook, Foursquare,        Groupon, Skype, Twitter, and Zynga. The firm was established in June        2009 and is located in Menlo Park, CA.</p>
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		<title>Docstoc lets you find business documents on the iPad</title>
		<link>http://crosscutventures.com/news/?p=133</link>
		<comments>http://crosscutventures.com/news/?p=133#comments</comments>
		<pubDate>Thu, 12 May 2011 06:15:41 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[by Michael Grothaus May 12th 2011 at 6:30PM

Docstoc is a document sharing  site that offers users free and premium business documents. Though its  main target is small business, the site can be a godsend to freelance  professionals as well. Today the site has launched its official iPad app, which puts over 10,000 [...]]]></description>
			<content:encoded><![CDATA[<p>by <a href="http://www.tuaw.com/editor/michael-grothaus/">Michael Grothaus</a> May 12th 2011 at 6:30PM</p>
<p><img src="http://www.blogcdn.com//media/2011/05/mzl.dlopqngt.480x480-75.jpg" alt="" /></p>
<p><a href="http://www.docstoc.com/">Docstoc</a> is a document sharing  site that offers users free and premium business documents. Though its  main target is small business, the site can be a godsend to freelance  professionals as well. Today the site has launched <a href="http://itunes.apple.com/us/app/docstoc-premium/id421174718?mt=8#">its official iPad app</a>, which puts over 10,000 business and professional documents at your fingertips.</p>
<p>Document categories include everything from Career Development to  various legal documents and financial planning forms, plus many more.  The app also lets you search and download over 20 million library  documents. Of the 10,000 documents included in the app, about 2,000 are  free, with access to the other 8,000 (and all of the site&#8217;s other  downloadable premium documents) <a href="http://www.docstoc.com/store">costing only US$19.95 per month or $119.95</a> for an annual subscription.</p>
<p><a href="http://itunes.apple.com/us/app/docstoc-premium/id421174718?mt=8#">Docstoc for iPad</a> is a free download.</p>
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		<title>Pulpo Media becomes Hispanic Internet Leader, as Hispanic Population Soars</title>
		<link>http://crosscutventures.com/news/?p=200</link>
		<comments>http://crosscutventures.com/news/?p=200#comments</comments>
		<pubDate>Wed, 27 Apr 2011 05:54:03 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[Berkeley, CA &#8211; According to the 2010 U.S. Census, the Hispanic  population rose to 50.5 million over the last decade. Hispanics now  account for 16% of the total domestic population, and 11% of the total  online population. Several online media companies serve this vital  market. Among them, Pulpo Media has become [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Berkeley, CA</strong> &#8211; According to the 2010 U.S. Census, the Hispanic  population rose to 50.5 million over the last decade. Hispanics now  account for 16% of the total domestic population, and 11% of the total  online population. Several online media companies serve this vital  market. Among them, Pulpo Media has become a clear leader in terms of  ranking, technology innovation, and market growth.</p>
<p>&#8220;Pulpo Media had the strategic vision to create new technology and offer  online media to a remarkably under-served yet booming segment.  Advertisers interested in driving greater ROI by communicating  efficiently and with hyper-relevance to online Hispanics now have a  clear choice.&#8221; said CEO and Founder Justin Kuykendall. &#8220;We can  communicate to individual Hispanics via: language preference,  demographics, geography, and online behavioral knowledge. Waste is  minimized and return is maximized.&#8221;</p>
<p>Online media entrepreneur Kuykendall saw the potential for advertisers  to communicate with what he believed was an under-represented internet  audience segment. In 2008, he convinced top Silicon Valley Internet  investors of the need for a media and technology services company to  serve the fast-growing Hispanic internet user audience.</p>
<p>Today, according to comScore Media Metrix Hispanic Ad-Focus, Pulpo Media  is ranked No. 1 as the Spanish language dominant media services  provider, and No. 2 as the English language dominant media services  provider, online. Major Hispanic advertisers such as McDonald&#8217;s, Toyota,  Comcast, Verizon, Metro PCS, and Universal Pictures are partnering with  Pulpo Media.</p>
<p><span id="more-200"></span></p>
<h3>The Rapid Rise of the U.S. Hispanic Internet Market.</h3>
<p>In the U.S. alone, the Census Bureau reports that there are 50.5  million Hispanics, with an estimated purchasing power of more than $700  billion. In 2009, the U.S. Hispanic online population reached 20.3  million visitors. This rapid growth has outpaced the total U.S. online  population in terms of number of visitors, time spent, and pages  consumed, according to comScore.</p>
<p>While U.S.Hispanics now account for one in four people under age 18,  comScore reports that the top-ranked category in terms of time spent  online was the Community &#8211; Teens category with 18%.</p>
<p>The total amount of time spent online by U.S. Hispanics increased 6.9%  in 2009 (3.9 times faster than the total U.S. online population), while  total pages consumed grew 6% (3.6 times faster than the overall U.S.  online population).</p>
<p>Globally, the online Hispanic population numbers are even more  impressive. In 2008, the Latin American Internet user population was  estimated at 179 million, with a 30% Internet penetration. Latin America  alone makes up 10% of the world Internet population experiencing 890%  growth between 2000-2009.</p>
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