alarm:clock

Advertising - Thursday, December 20, 2007

National Lampoon Invests In Capazoo's SocNet

capazoo.png
National Lampoon - yes its a public company (AMEX:NLN) - has formed a partnership with social network Capazoo.com. National Lampoon will provide online video content and co-branding. National Lampoon has also acquired an equity stake in Capazoo.

Montreal-based Capazoo mixes the social network built around celebrity draws (like MySpace) with financial attractions that promise to make power users real money (like Second Life).

Capazoo has reportedly raised over $25M in private capital. But a number of sites and comments have cast Capazoo as a ponzi scheme. One roundup has it that Capazoo has been raising funding from wealthy athletes who are clueless about the Internet. (One of the company's founders - Grant Carter - was once a pro football player. )This post indicates that Capazoo last raised $7M at a $125M valuation. Others have indicated that the startups headcount got up to 100 and it was missing payroll. Capazoo's PR team denies that it has missed payroll and points to the deal with National Lampoon as evidence that the company has traction.

View - site

Post a comment




Remember Me?


More Recent Articles

ThumbShopping Site Gilt Group Raises $40M at $400M Val

Thursday July 2, 2009

NYC's private shopping firm Gilt Groupe has raised $40M from General Atlantic and Matrix Partners at a $400M valuation. Gilt Groupe provides access, by invitation only, to men’s, women’s and children’s fashion and luxury brands at discount pri... Full Story

ThumbAH Belo Joins $2M Investment In Real Estate Search Tool Sawbuck

Thursday July 2, 2009

AH Belo (NYSE: BLC) has led a $2M investment in online real estate brokerage Sawbuck Realty. Sawbuck is an online real estate broker that connects consumers with local real estate agents. Sawbuck takes a cut of any commissions. The company’s servi... Full Story

Listen to alarm:clock

alarm:clock © 2004-2008

Swift Internet