Did Totsy just tumble? That’s the word from PandoDaily, which reports that the money-losing New York-based flash sales site is chopping its staff of 83 and looking to sell its list of four million email subscribers. That could mean one less competitor for Zulily, the fast-growing Seattle e-commerce giant which, like Totsy, specializes in selling… Read More…
Updated at 7:40 a.m. with comments from Tippr CEO Martin Tobias. Tippr, the heavily-funded Seattle daily deals platform, has been acquired in a deal of undisclosed size by Atlanta’s nCrowd. Kara Swisher at All Things D reports that the acquisition comes amid a “tough environment” for daily deal sites, including larger rivals such as Groupon… Read More…
New York-based Totsy today is announcing that it has acquired the assets of Mamasource, a daily deal site for moms. As part of the deal, Totsy is acquiring about two million members, bringing total membership in Totsy to about five million. “We look forward to providing our expanding group of member moms with the best… Read More…
LivingSocial, the Washington D.C.-based daily deals site, has laid off 400 staffers as it aims to turn a profit, a spokesperson tells All Things D. That amounts to a 10 percent cutback, leaving the company with about 4,100 employees. Backed by Amazon.com, LivingSocial operates a branch office in Seattle, which we’ve heard was impacted in… Read More…
Not many startup companies boast a $1 billion valuation — especially after just three short years in business. But that’s the hefty value that venture capital powerhouse Andreessen Horowitz just placed on Zulily, the Seattle daily deal site for busy moms that today announced $85 million in funding. It’s a whopping deal, one of the… Read More…
Fast-growing daily deal site Zulily has pulled in an additional $85 million in venture capital financing, cash that the Seattle company plans to use to bolster its position in selling books, clothes, toys and other items for babies and kids. The company also announced that it has topped 10 million members, most of whom get… Read More…
When I first came across Washington Huskies football tickets on Groupon two months ago, I wondered if it was a sign of how far the program has fallen. But it turns out lots of other big-name programs around the country are using the deal-of-the-day platform to attract casual fans and help fill up the stadium… Read More…
Raghav Kher has started companies around online marketplaces (Imandi.com); IT automation (Rendition Networks); and movie rentals (India’s Seventymm). Now, the Seattle area entrepreneur, inspired by a trip to Oregon’s wine and beer country a few years ago, is going after his true passion: Beer. Kher has partnered with former Rendition Networks engineer Rick Lamareaux to… Read More…
Woot founder Matt Rutledge is leaving Amazon.com, a little more than two years after the online retailer purchased the daily deal site. In a note on the Woot forums, Rutledge said that he plans “to move on to future projects with fewer acronyms.” He continued Through your hard work and inspiration (or at least suppression… Read More…
Groupon is the latest tech giant to plant a flag in Seattle, opening an office in Seattle’s International District with room for 20 to 30 employees. The arrival of Groupon follows engineering offices from companies such as Hulu, Splunk, eBay, Facebook, Zynga and others, a trend we’ve talked about in great detail over the past… Read More…
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