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Posts Tagged ‘Sean Parker’

Facebook good creepy or bad creepy? Dropbox nabs $250M; Shopify rings up $15M

Tuesday, October 18th, 2011
Sean Parker

Sean Parker

Former Facebook President and Spotify investory Sean Parker told the Web 2.o Summit that power users are leaving Facebook for Google+ and Twitter, according to Mashable.

Parker said power users are leaving Facebook because it doesn’t provide enough ways to manage the information glut.

In a somewhat weird exchange during an interview with John Battelle of Federated Media, Parker was asked what he thinks about those who say Facebook is a little “creepy.” Parker said, “Look, there is good creepy and there’s bad creepy. Today’s creepy is tomorrow’s necessity.”

“H’mmm, now that’s a bit creepy all by itself.

Dropbox nabs $250M second round of funding

Dropbox, a service that lets people bring their documents, photos and videos everywhere and share them easily,  has completed a $250 million Series B financing. The company will use the funds to accelerate its rapid growth, make acquisitions, pursue strategic partnerships, and grow the team. Dropbox has more than 45 million users saving one billion files every three days, and is on track to triple its user base in 2011.

The financing was led by Index Ventures and includes participation from new investors Benchmark Capital, Goldman Sachs, Greylock Partners, Institutional Venture Partners, RIT Capital Partners, and Valiant Capital Partners. Early investors Sequoia Capital, Accel Partners, and Hadi and Ali Partovi also participated. Dropbox has received a total of $257.2 million in funding.

We use Dropbox, which is the simplest program for sharing files we’ve encountered. You put a document or file in your shared Dropbox folders and the people you share it with can access it. The company did experience a security glitch earlier this year that did not seem to have any major repercussions.

Shopify rings up $15 B round

Shopify, an eommerce platform used to create and power online stores, has closed a $15 million Series B growth investment from Bessemer Venture Partners, FirstMark Capital, Felicis Ventures, and Georgian Partners. This new investment adds to the $7 million of Series A funding received last year, providing a sizable balance to fund continued growth.

Tobias Lütke, Shopify’s CEO and co-founder, launched the company in 2006 after he discovered how difficult it was to create a professional online store. Today, over 15,000 active online stores in 80 countries are powered by Shopify. Individuals, entrepreneurs, and businesses use Shopify to setup and power their online stores.

Trailer for Facebook movie, “The Social Network,” trashed

Monday, June 28th, 2010
Poster from The Social Network

Poster from the film, "The Social Network"

RESEARCH TRIANGLE, NC – The movie based on the origins of Facebook, “The Social Network,” is being trashed even before it’s released. Connie Loizos trashed the film’s teaser trailer over at PE Hub, predicts “this one lands a place in the same pantheon of stinky movies that includes Basic Instinct 2, and Battlefield Earth.”

We beg to differ. The trailer, which is all snippets of dialog, suggests a straight-forward take on the drama surrounding the incredibly popular social networking site’s beginnings.

The film, written by “West Wing” creator Aaron Sorkin, stars Jesse Eisenberg of “Zombieland” and “The Squid and the Whale” as Facebook founder Mark Zuckerberg, who has been the focus of much critical attention lately due to privacy concerns and various changes to the Facebook site.

Directed by David Fincher, the movie is set to open Oct. 1.

Scriptwriter Sorkin has never produced work we didn’t find intriguing, although he did tend toward preachiness in some “West Wing” episodes.

Site inspired controversy

It details how Zuckerberg founded the site with with his college roommates and fellow computer science students Eduardo Saverin, Dustin Moskovitz and Chris Hughes. Jason Timberlake plays Sean Parker, founder of Napster and Plaxo, who advised Zuckerberg early-on.

The site inspired controversy from the beginning. As Wikipedia puts it, “Just six days after the site launched, three Harvard seniors, Cameron Winklevoss, Tyler Winklevoss and Divya Narendra accused Zuckerberg of intentionally misleading them into believing he would help them build a social network called HarvardConnection.com, while he was instead using their ideas to build a competing product.

Internet Summit speakers

We heard  from the Winklevoss brothers themselves at the 2008 Internet Summit in Raleigh, which TechJournal South sponsors, although legal restraints prevented them from discussing much about the actual controversy.

Personally, regardless of how the movie fares, we find Facebook useful, although we have noticed that many of our friends go through periods of high activity on the site, then take breaks, while others remain occasional posters at best and some almost never post any status updates. There’s an interesting study: how people actually use Facebook.

We suspect it would find that a handful of people supply most of the content on the site, just as they do on Twitter, which has millions of users who seldom if ever tweet, while others tweet several times every day.

Interestingly, the two competed in the 2008 Olympics. — By Allan Maurer

See also:

Lawfirm claimed Facebook paid $65M to settle suit

Contact Tech Journal South Editor and writer Allan Maurer: Allan at TechJournalSouth dot com.