Leena Rao is currently working as a writer for TechCrunch. She recently finished graduate school Medill School of journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007 she helped lead Congresswoman Carloyn Maloney advocacy and community relations in New York. She graduated from Columbia University in 2003, where it was ... ? Read More
Social incubator YouWeb, behind the OpenFeint, Sibblingz and CrowdStar, iSwifter, raised a further 2 million dollars in financing a number of Angel investors including Dave Roux (co-founder and Chairman of the Silver Lake partners, Dave Whorton (founder of tugboat Ventures), Praful Shah, Brett roam, Winston Cho and YouWeb founder Peter Relan. previously, the company raised $ 700,000 in funding.
Relan explains that YouWeb differs from other programs in that it is a very early stage, almost pre-Y Combinator incubator. He said that YouWeb simply chooses individuals based on talents and entrepreneurs come up with no commands, business model or idea. The person is given $ 100,000 and develops business or app in the House. YouWeb usually incubates two entrepreneurs a year.
The company has brought former Walmart, Kosmix and Amazon Executive Michelle Yee Sangster, Senior Vice-President of business development. Specifically Sangster will work with iSwifter and Sibblingz YouWeb for new opportunities for business development.
YouWeb has seen success with a number of its companies in the year 2011. OpenFeint GREE was acquired earlier this year, more than $ 100 million and CrowdStar just raised $ 23 million in new funding sources. YouWeb and CrowdStar has also recently teamed up with a new $ 10 million to fund mobile games social development.
Sibblingz began carrier, HTML5 canvas-rendering engine available for iOS and Android and Flash games iSwifter streaming service for mobile devices is set to bring in more than 10 million dollars in revenue this year.
YouWeb entrepreneurs spend a year to come up with ideas, building technologies and products, and start their own companies-usually in the consumer Internet and mobile computing sectors. Created ...
Read More
No comments:
Post a Comment