Roundup of the latest Silicon Valley action:
Amazon.com invests $10 million into Wikia — We reported last month that Amazon.com had invested in Wikia, the for-profit wiki company that is about to launch a user-directed search engine on the same principles as Wikipedia. At the time, the amount was confidential, but the deal has been been filed with the SEC, and reported by PE Week. This brings Wikia’s total investment to $14 million.
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Techdirt has raised funding — Techdirt, one of our favorite blogs, has launched an analyst business, and has raised $600,000 in new funding from six investors and from its own five-person founding team, reports PEHub, citing SEC documents. We wrote about the ten-year-old company here, when it launched its latest analyst offering — which lets its corporate clients pay for expert advice from analyst bloggers in Techdirt’s network.
India’s private equity boom — Private equity firms invested a record $7.5 billion in about 300 in India during 2006, according to a study by Venture Intelligence. That’s more than three times more than 2005, which itself was a record. (See info here.) Venture capitalists poured $1.7 billion into 125 Indian companies during 2006, up from $1.1 billion invested into 70 companies during 2005, according to Thomson Financial. More here on trends, though we differ with Haislip’s analysis, which suggests the jump is due to regulations. Regulations or not, India’s growing middle class makes it a very attractive place to invest.
Europe, forever divided — The Europeans will always find something to quibble about. When it comes to the world’s sexiest business — search — French are going to back their Quaero, while Germans prefer their Theseus. Good summary of the differences here.
Foreign jurisdiction perplexes U.S. companies — Brazilian judge orders YouTube to shut down for showing a local model having sex with her boyfriend on beach (YouTube is apparently removing it, but people keep putting it back up), while Netherlands bans the high-tech scooter, the Segway, simply for making riders lean back to brake.
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