March 15th, 2010

SEC Filing Shows CoTweet Sold For At Least $8.1 Million

When CoTweet sold to ExactTarget a couple weeks ago, the acquisition price was not disclosed. But an SEC filing put out today suggests that ExactTweet paid at least $8.1 million in stock for CoTweet. That is the value of “securities offered . . . as partial consideration in connection with a merger,” meaning there was likely a cash portion as well. While this isn’t a huge sum, it’s not a terrible return for an initial investment of $1.1 million.

CoTweet helps businesses manage multiple Twitter accounts and use it more effectively as marketing channel. The CoTweet acquisition is now being pointed to as an example of how businesses can be built on top of Twitter. So now we know how much the stock portion of the deal was worth. → Read More

March 2nd, 2010

ExactTarget Buys CoTweet, Sets Up "Social Media Lab" In San Francisco

Email marketing software giant ExactTarget has agreed to acquire CoTweet, a young company that offers a tool that enables multiple people to communicate on Twitter through corporate accounts.

CoTweet will continue to operate from San Francisco as a business unit of ExactTarget, essentially taking charge of the company’s social media product development. CoTweet co-founder and CEO Jesse Engle will lead the San Francisco operation and head ExactTarget’s new “social media lab”.

Terms of the agreement have not been disclosed, but we’re digging. → Read More

January 7th, 2010

Followbase: A Twitter CRM Starter Kit

Although there is no shortage of businesses large and small making great use of Twitter, many are still trying to make heads-and-tales of how to harness its power to communicate with existing and prospective clients. CoTweet and HootSuite are trying to meet this opportunity with feature-rich CRM applications, but for businesses who are Twitter newbies, these apps can be daunting.

Followbase saw this opportunity-within-an-opportunity and designed a simple, bare-bones Twitter CRM app that could form a stepping stone to the more heavy-duty apps.

All you need to do to get started with Followbase is to connect it with a Twitter account. Twitter’s standard 3rd-party OAuth approval is used here to ensure the user is the actual account owner. Followbase then begins scanning the stream and funnels tweets into four customer service oriented topics: Mention, Ideas, Problems and Questions. → Read More

April 5th, 2009

The Next Web Is Just Around The Corner (The Conference, That Is)

The Next Web Conference 2009 in Amsterdam is quickly approaching, and it’s promising to be a good show again this year even if it won’t be Erick Schonfeld moderating the event this time. TechCrunch Europe’s Mike Butcher will be there though, and so will I, so hook up with us if you’re heading down to the conference too. In case you haven’t registered yet, there’s a page set up for TC readers where you can get a 20% discount on the ticket fee.

Speakers this year include Jeff Jarvis, Matt Mullenweg (Automattic), Bradley Horowitz (Google), Chris Sacca and author Andrew Keen. The full list can be found here.

A web conference would be nothing without a good old startup competition, and today the organizing team of the event have announced the 19 finalists that will be pitching the audience on stage. → Read More

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Crunchbase

Energy Points — Received $3M in Series A funding from Plan B Ventures
2.13.2012
Rusnano — Company added to CrunchBase
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Plan B Ventures — Invested in Energy Points.
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Cidade Internet — Acquired by Populis.
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Jive Software — Went public with stock symbol NASDAQ:JIVE.
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Cidade Internet — Acquired by Populis.
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Energy Points — Received $3M in Series A funding from Plan B Ventures
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StopTheHacker — Received $1.1M in Series A funding from Runa Capital
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Marin Software — Received $30M in Unattributed funding
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FNZ — Received Unattributed funding from General Atlantic
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LipoFIT Analytic — Received $9.5M in Series B funding from KfW Bankengruppe and Bayern Kapital
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Plan B Ventures — Invested in Energy Points.
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Runa Capital — Invested in StopTheHacker.
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General Atlantic — Invested in FNZ.
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Bayern Kapital — Invested in LipoFIT Analytic.
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Jive Software — Went public with stock symbol NASDAQ:JIVE.
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Rusnano — Company added to CrunchBase
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