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Clean Bottle Cleans Up on Shark Tank – Dave Mayer is a “Pig” According to Daymond John


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Clean Bottle owner Dave Mayer came to the Shark Tank seeking $60,000 in exchange for 5% of the company. His product was a water bottle which had a removable bottom which makes cleaning the bottle easier. Launched in May 2011, Clean Bottle sold 150,000 units grossing $750,000 since inception. Robert Herjavec thought it was a simple idea that he was surprised it had not been done before. In a surprise, Bill Walton came in as the company mascot because he is a fan of the product. Walton had no equity stake.

Daymond John offered $60,000 for 25% of the company. Dave said it only valued the company at $240,000 which was not that interesting. Kevin O’Leary offered $60,000 for no equity and wanted a royalty of $.50 per bottle sold. Dave thought taking money out of the business at this stage wasn’t prudent.

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CrunchFund Makes Its First Two Investments – It’s On


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CrunchFund, despite all the drama, is very real.  And it’s general partners/founders, Michael Arrington and Patrick Gallagher, are making real investments, and here are the first two in the CrunchFund portfolio.

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Playlore Investors Ink a Series A Round of Funding


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Playlore (http://www.playlore.com) raised a Series A round of funding from Monashees Capital. The company is located in Westport, Connecticut. Continue reading “Playlore Investors Ink a Series A Round of Funding” »

Teraco Data Environments Investors Ink a Series C Round of Funding


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write essay for meTeraco Data Environments (http://www.teraco.co.za) closed a Series C round of funding from a set of investors including Pentangle Group, Marlow Capital, Development Bank of Southern Africa, Treacle Private Equity http://essaycapital.org/term-paper-writing/. The company is located in Cape Town, NULL. Continue reading “Teraco Data Environments Investors Ink a Series C Round of Funding” »

SolarBridge Technologies Investors Complete a Series C Round of Funding


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SolarBridge Technologies (http://www.solarbridgetech.com) secured a Series C round of funding from a set of investors including The Texas Emerging Technology Fund, Battery Ventures and Rho Capital Partners. The company is located in Champaign, Illinois. Continue reading “SolarBridge Technologies Investors Complete a Series C Round of Funding” »

PowerDirect Marketing Investors Add a Debt Round of Funding


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PowerDirect Marketing (http://www.powerdirect.net) secured a debt round of funding. The company is located in Newport Beach, California. Continue reading “PowerDirect Marketing Investors Add a Debt Round of Funding” »

California Energy & Power Investors Add an Undisclosed Round of Funding


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California Energy & Power (http://www.cal-epower.com/) closed an undisclosed round of funding. The company is located in Glendora, California. Continue reading “California Energy & Power Investors Add an Undisclosed Round of Funding” »

Solyndra Investors – Venture Capital, Private Equity and Government Financiers


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With today’s news that Solyndra may be closing up shop, folks may be wondering who are the investors that put in over $1 billion into the photovoltaic manufacturer.  The investors in Solyndra were a diverse group ranging from venture capital to private equity to the US government.  The investors, specifically, were:

DailyBooth Investors Complete a Series A Round of Funding


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DailyBooth (http://www.dailybooth.com) closed a Series A round of funding from a set of investors including Ignition Partners and Sequoia Capital. The company is located in San Francisco, California. Continue reading “DailyBooth Investors Complete a Series A Round of Funding” »

$5.7 Million in Revenue and Still Having No Luck Raising Venture Capital – Really?


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SEOmoz‘s CEO Rand Fishkin breaks down the company’s venture capital fundraising process and ultimate collapse, and it’s well worth a read.  It’s especially notable as this is a company expected to do over $10 million in revenue in 2011 and which has already raised institutional investment from Ignition Partners and Curious Office Partners.  The company got all the way to due diligence and then for pretty flimsy reasons, the once-excited VC backed out.  This story is well worth reading especially given our venture capital horror stories posting of earlier today so read it here.  Rand is very open about the process, his emails, the company’s financials, etc.  It’s an inside and honest look one rarely gets so read it!

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