Social Networking - Tuesday, December 2, 2008
Total Prestige Raises $1M As SocNet For The Rich
A social network for the rich, Total Prestige, has raised $1M to compete with the likes of A Small World, says PaidContent.
We don't buy into Total Prestige for any number of reasons:
1) The name is dumb.
2) The site claims 650 members. We have more than that in LinkedIn and they are rich. How is that a business?
3) The site raised funding from Frank DeRose, a founding partner of NYC-based private equity firm Ferrata Capital who is expected to be named CEO. We could be wrong, but we expect the guy knows nothing about building a social network business but thinks it's easy next to figuring out derivatives.
View - site
More Recent Articles
Petra Solar Raises $40M For Utility Pole Panels
Tuesday February 9, 2010
Petra Solar out of South Plainfield, NJ has raised $40M in 2nd-round funding. Craton Equity Partners and Espírito Santo Ventures co-led the round and were joined by return backers Element Partners, Blue Run Ventures, OnPoint Technologies and Kuwait... Full Story
Audio Transcription's 3Play Media Seed Funded
Monday February 8, 2010
Play Media, out of Somerville, MA, has secured $450K of a $600K seed funding round. 3Play works on transcription, captioning, and audio search. Clients pay 3Play to use technology to convert audio recordings to text and then to clean up the errors w... Full Story
Categories
- Venture Capital (288)
- Advertising (451)
- Aircraft (17)
- Alternative Energy (299)
- ASP (39)
- Batteries (10)
- Biometrics (3)
- Biotechnology (9)
- Communications (63)
- Digital Hollywood (18)
- Digital Home (35)
- eCommerce (468)
- Educational Software (31)
- eHealth (31)
- Email Software (7)
- Enterprise Software (260)
- Euro Ventures (129)
- File Sharing (23)
- Financial Software (43)
- Food (3)
- Games (185)
- Hardware (46)
- Homeland Security (7)
- IMterviews (6)
- IPO (42)
- Jobs (49)
- Media (360)
- Nanotechnology (14)
- Networking (95)
- News & Updates (1387)
- Online (17)
- Peripherals (42)
- Photo Software (49)
- Publishing (9)
- RFID (3)
- Robots (15)
- Satellites (8)
- Search (209)
- Security (95)
- Semiconductors (75)
- Social Networking (426)
- Space (1)
- Sponsored Post (11)
- Storage (41)
- Tech stocks (308)
- Telecom Equipment (16)
- Transportation (3)
- Video (234)
- Voice (67)
- Web 2.0 (140)
- Web Development (8)
- Where Are They Now (30)
- Wireless (384)
Post a comment