Interview: Elevator Labs’ Zack Zalon on New Funding, LA’s Innovative Tech Scene

The state of the economy may be a big question mark but one thing’s for sure: L.A. tech is hot. Westwood-based Elevator Labs received $20 million in funding this week in another example of investors putting money into innovative Los Angeles-based startups (just last week Santa Monica-based BetterWorks received an $8 million investment).

Continue reading “Interview: Elevator Labs’ Zack Zalon on New Funding, LA’s Innovative Tech Scene”

Once-Mighty Myspace Acquired for Measly $35 Million

myspace acquired by specific mediaAfter months in search of a buyer, Myspace has finally been acquired. In an email to employees late Wednesday morning, CEO Mike Jones broke the news to employees in an email late Wednesday morning, according to TechCrunch.

Specific Media will acquire the fledgling social network turned social entertainment site for $35 million according to All Things D.

“Today, we are announcing that Myspace will be acquired by Specific Media, one of the world’s leading online media and advertising platforms,” Jones wrote in the email addressed to Myspacers. “Over the next few days you will be hearing from the team at Specific, including their CEO, Tim Vanderhook, regarding their exciting plans for Myspace and how it fits in with the overall vision of their company.”

Jones indicated in the email that a significant reduction in staff was imminent, adding that he would be stepping down as CEO of Myspace after assisting with the transition to Specific Media over the next two months.

Continue reading “Once-Mighty Myspace Acquired for Measly $35 Million”

Namesake.com Invites You to Talk About Your Passions

namesake.com invites

With Twitter becoming more and more of an echo chamber and LinkedIn lacking in conversation what it offers as a networking tool, it can be difficult to find a place on the web to provoke frank conversation, receive honest feedback, and develop professional relationships for co-creation.

Namesake, a Los Angeles-based startup, is hoping to fill that void. Founded in January 2010 by entrepreneurs Brian Norgard and Dan Gould as a place for professionals and creators to match ideas with opportunities and resources, Namesake.com is still in private beta (to get in now http://nmsk.co/gRsIvp).

Based in a small office in the Hollywood Hills, Namesake is the third startup for Norgard and Gould, who previously cofounded NewRoo, a content aggregator acquired by News Corp in 2006, and Twitter advertising tool Ad.ly.

As a Namesake user, you can build a profile with a full bio and embedded video, or choose to keep it simple. Users can follow conversations passively, participate, and initiate their own. Conversation activity on the site streams in real time on the main page.

Questions and topics recently active in conversations on the site range from the Peter Thiel-inspired “What is it about the world that you know is true that everyone else doesn’t understand?” to “…here’s my washed, dried Beef round top round steak, what shall I do with it?” and “Anyone got tips for staying active in social media… while still being productive & getting tons of stuff done?”

Namesake also features live chats, one afternoon for example, author and USC Marshall faculty member Dave Logan is leading a conversation on tribal leadership. A live chat earlier that day featured LA-based serial angel investor and BetterWorks founder Paige Craig.

Try Namesake out for yourself — get in while it’s still in beta by visiting http://nmsk.co/gRsIvp.

Originally posted May 26, 2011 at LAist.