Is Classmates.com cutting back? |
Follow the ups and downs of a new Seattle startup in a series of behind-the-scenes posts by its founders.
Today On Techflash
- LiquidPlanner hire, Paul Allen and more
- Tell us your sales horror stories
- Calbucci to sell Twitter list service
- A color screen for the next Kindle?
- Intelius co-founder released
- Isilon boosts CEO Patel's salary
- Windows chief: Battery alerts aren't a bug
- Fortune's list of 100 Best Places to Work
- Google vs. Facebook and Twitter?
- Infinia, Avalara and others grab cash
Tech Events
Mass High Tech
Is Classmates.com cutting back?
We're hearing that Classmates.com, which in August announced plans to move its 239-person staff from Renton to Seattle, is trimming the workforce. A spokeswoman at the company, a unit of United Online, declined to comment.
There's been a lot of chatter about Accel Partners raising two new funds totaling $1 billion in a tough economic climate. The Silicon Valley firm has been around for more than 25 years, backing companies such as RealNetworks, XenSource and Facebook. Its recent bets in the Seattle area include Wetpaint and Medio Systems. [More after the jump]
Kartik Raghavan has left the Bellevue venture capital firm Trilogy Equity Partners to become an entrepreneur-in -residence at Shasta Ventures, a 4-year-old Silicon Valley venture firm with $460 million under management. Before Trilogy, Raghavan spent 10 years at Microsoft.
Not a huge surprise here. The global market for initial public offerings has been cut in half compared to last year, with Ernst & Young reporting that for the first 11 months of the year 745 IPOs were completed totaling $95.3 billion. That compares to 1,790 IPOs and $257 billion raised for the same period last year. All Things D says it is looking like one of the worst periods for IPOs in the past 13 years .
Headline of the day comes from Fierce Wireless: "Santa, please save Sprint Nextel."
About John Cook
John Cook is co-founder and executive editor of TechFlash. He has been covering the technology beat for nearly a decade, writing about startups, entrepreneurs and venture capital, most recently serving as a reporter/blogger at the Seattle Post-Intelligencer.
READ FULL BIOGRAPHYRecent Sponsor Posts
Join the Microsoft WebsiteSpark program and get software, support and visibility – at no upfront cost. You’ll benefit from fast and easy access to current Microsoft development tools, platform technology and server products including Visual Studio, Expression Studio, Silverlight, Windows Web Server 2008 and SQL Server 2008 Web.
Seattle-based Adhost is a WebsiteSpark hosting partner providing dedicated servers with free Windows Web Server 2008 and SQL Server 2008 licensing for three years to Web developers enrolled in WebsiteSpark. Servers are located in our secure data center with SAS 70 Type II certification, 24x7 technical support and 24x7 client access.
WTIA 15th Annual Industry Achievement Awards
Held on March 4th at the Showbox SODO, this casual event celebrates and recognizes some of the best emerging and established companies in the Washington Tech Industry. The evening will feature a finalist company technology showcase and a variety of coffee, chocolate, and wine samples from local companies. More than 800 attendees are expected to be present at the celebration. Public online voting for Technology Leader of Tomorrow Scholarships will open February 3rd on the WTIA site.
We congratulate the 2010 finalists and look forward to unveiling the winners on March 4th. REGISTER NOW!
Mobile applications are a cutting-edge way to extend your brand’s reach into the hands of consumers 24/7. Increase loyalty and customer engagement by developing a targeted and effective mobile application. Learn the basics about mobile applications by reading our white paper Beyond the iPhone: Engaging Customers with Mobile Applications.
If you’re considering a mobile initiative for Q1-2010, now is the time to get started. The white paper covers: Venturing into Mobile Application Development, Typical Problems to Avoid, and Developing the Solution. Reaxion is a Seattle-based mobile application development company focused on start-to-finish project management and cost-effective development. Download Beyond the iPhone: Engaging Customers with Mobile Applications.
From the trenches
Job Listings
- Registered Health Information Technician (Forms & Records Analyst 2)
- State of Washington Department of Corrections
- Principal SDE - Project Natal - Gameplay Engineering - 711621
- Microsoft Corporation
- Senior Web Analyst - 705536
- Microsoft Corporation
- Telecommunications Consultant (I)
- Sparling Electrical & Technology Consulting
- Senior SDET - 706910
- Microsoft Corporation
