Blippy and FuckedCompany.com founder Philip Kaplan is at it again with his whimsical and sometimes useful ADHD Labs experiments, this time launching FaqMe, a FAQing free service that helps webmasters build snazzier FAQ and Contact Us pages. “Many websites have sucky (or non-existent) help pages and customer service,” says Kaplan, who aim to make the whole FAQing experience more FAQing frictionless. → Read More
Zong, a company originally from Switzerland specializing in mobile payments. For the London-based VC fund Advent Venture Partners, this constitutes the third successful exit of the year. Frederic Court, who has been a General Partner at Advent Ventures for the last ten years, shares his opinion regarding the exit environment in Europe. Are M&A opportunities increasing for local startups? → Read More
Los Angeles-based deals site Bevvy launches its permanent deals reservation system today, providing discounts for hardcore club types and casual happy hour attendees alike. With the new system Bevvy basically gives users 50% off their tabs at selected bars and clubs, taking a $10 reservation fee for a $100 tab and a $50 reservation fee for a $500 bottle service. → Read More
PhotoBox, which competes with Zazzle and Spreadshirt in the online digital photo service sector, has merged with Moonpig, the unlikely named online greetings card retailer in the UK. It’s clearly a sign of the heat in the market that M&A like this is starting to happen. PhotoBox is paying £120 million, mostly in shares, with existing shareholders in Moonpig rolling over a portion of their respective shareholdings in to the share capital of the merged entity. It’s also raising new equity from xisting shareholders – Highland Capital Partners, Index Ventures and Harbourvest – and a group of new private equity investors led by Insight Ventures alongside Quilvest Ventures and Greenspring Associates.
Senior management on both sides is staying on with Stan Laurent serving as Group President & Chief Executive Officer and Iain Martin serving as Moonpig.com Managing Director. Moonpig.com Founder and Executive Chairman, Nick Jenkins stays as an advisor. Insight Venture’s Lawrence Handen will also join the Group Board of Directors, as will Lionel Bergeron (Quilvest Ventures) and Ashton Newhall (Greenspring Associates) as Board observers. → Read More
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