alarm:clock

News & Updates - Thursday, May 31, 2007

MojoWatch: LastFM, Spotrunner, Entropia, Football, Clearmesh, Joyo, Spam King, Attributor, Fake blogs,

Mojo Found
+ LastFM's 3 founders get to enjoy $38M apiece from their sale to CBS. Investor Index gets$56M and German investor Stefan Glaezener will get $44M.

+ Attributor. VC-backed online copyright protection's Attributor has won a big first deal to protect AP.

+ Chinese Virtual Economy. Entropia Universe has been chosen by the Beijing Municipal People's Government supported online entertainment company Cyber Recreation Development to create a cash-based virtual economy for China.

+ Spotrunner. VC-backed Spotrunner, which enables canned, low-cost video ads, has done an interesting partnership with LexisNexis to market video ads to local lawyers.

+ Football. Famed tech banker Bill Hambrecht has teamed with Google exec Tim Armstrong on an alternative to the NFL. They each ponied up $2M.

Mojo Lost
+ Clearmesh. Pasadena-based Clearmesh shut its doors after its funder, Idea Lab, grew tired of it. The company made ireless optical broadband equipment that apparently nobody wanted.

+ Fake Blogs. For those who want to blog but don't have time, this company offers software to auto-blog for you.

+ Spam Ass behind bars. One of the kings of spam has been sentenced to jail.

+ Joyo. No joy for Amazon's China subsidiary Joyo as about 20% of its publishing partners have stopped providing books to Joyo because Joyo did not make payments on time.

+ Six Apart CEO appologies and says he is mortified that they yanked down 500 sites they thought were pedophile sites. Their crime: discussing the novel Lolita.

+ Bay area Muni WiFi rollouts have fallen and they can't get up.