Social media specialist Punktilio has been acquired by digital media agency Essence, just two years after being founded.
In fact, the accompanying press release carries the line: “From ‘start-up to ‘sold’ in just two years”, which reminds me of the Stuart Baggs quote from the TV show The Apprentice: “Everything I touch, turns to sold”. That’s because, Punktilio’s sale is also just one year… → Read More
It’s not quite on the level of Steve Jobs returning to Apple, but every time a founder comes home it leaves me feeling all warm and fuzzy. This time it’s the turn of Michael Birch who has re-joined Bebo as a strategic advisor, along with investing in the social network which he co-founded with his wife Xochi in early 2005 before selling the company to AOL in 2008 for $850 million.
Since then, of… → Read More
Michael Birch, who co-founded social network Bebo along with his wife Xochi Birch, has invested an undisclosed amount in social media agency Punktilio. He’ll also become an adviser to the company.
Punktilio, whose clients include Arsenal F.C, Harper Collins, Phones 4u and Simon Cowell’s SyCo Music label, was founded by ex-Bebo Head of Music, Hal Stokes, so there’s an existing relationship… → Read More
For all the billions of dollars created here, Silicon Valley is remarkably stingy when it comes to giving. I first wrote about this when I moved here in the great Web 1.0 Internet bubble. Back then, as companies went public all around us, one-third of households earning $100,000 or more gave $1,000 or less to charity—roughly half what the rest of the U.S. gave per dollar earned. And those were… → Read More
“The good news is, the world is still turning,” said Nic Brisbourne at the Glasshouse‘s “Show Me The Money” event in London last night. “Investment continues, though levels are obviously lower.” Nic quoted £114m garnered from VC funding in Q1 in the UK. “It’s down, but it hasn’t stopped.” Alongside Nic, who’s a partner at DFJ… → Read More
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