alarm:clock: October 2006 Archives

Security - Tuesday, October 31, 2006

LifeLock Raises Funds For Personal ID Protection Guaranteed by $1M

Thumb LifeLock out of Tempe, AZ is set to close a $5M Series A deal from Bessemer Venture Partners, according to VentureWire. The company is led by refugees from Internet America (NASDAQ: GEEK). They offer a nice identity protection service and guarantee subscribers with up to $1M. Lifelock monitors the credit agencies d if anyone tries to do anything with a credit report, such as get new credit, change your address, expand credit lines, open a checking account, get insurance, utilities, or anything else, they will have to call the subscriber directly for approval. Lifelock also alerts the companies that sell names to junk mailers that subscribers don't want their ads stuffing their mailboxes. LifeLock cites reports that victims spend an average of 160 hours over 3years trying to repair the damage. For this service, Lifelock costs $10 p/mo or $100 p/year. LifeLock has had early success selling its service to Alumni Associations.... Continue...

eCommerce - Tuesday, October 31, 2006

ToolKing.com Relaunches To Keep Pace With Growth

Thumb Now that we are spending all of our free hours on our money pit, we have gotten way into power tools. The best eCommerce site has got to be ToolKing, which just relaunched this week to keep pace with growth. ToolKing.com expects sales this year to rise about 80% to $27M from $15M last year. Nice Router... Continue...

Social Networking - Tuesday, October 31, 2006

2 Social Networks Funded: eSnips And HiveLive

Thumb Out of Israel, eSnips has raised $2M in Series A funding from Greylock Partners and Gemini Israel Funds. eSnips enables users to share content files on their websites with other users. The site currently has 1M registered users. eSnips’ business model is built on advertising revenue and e-commerce. The site still lists itself as in beta, although the company has been around since 2004. eSnip's Traffic Goes Boom! Meanwhile, over in Louseville, CO, HiveLive, another social networking start-up, has raised around $1.15M in Series A funding led by Aeneas Ventures, according to a PE Wire. Still in closed beta, the idea here sounds a bit similar to eSnips. It wants to set up a sharing system for groups.... Continue...

alarm:clock

LifeLock Raises Funds For Personal ID Protection Guaranteed by $1M

ToolKing.com Relaunches To Keep Pace With Growth

2 Social Networks Funded: eSnips And HiveLive

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