Tuesday, April 5, 2011

LivingSocial Raises $400 Million

LivingSocial, the number two player in the burgeoning daily coupon website market, has raised $400 million to help fuel its expansion and keep up with rival Groupon Inc., the Wall Street Journal reports.

The investment round, raised from existing investors Lightspeed Venture Partners and Amazon.com, and new ones such as Institutional Venture Partners, values the three-year old company at around $ 3 billion.

You can argue there is a "bubble" going on for Internet ventures, or you can argue that the next great wave of Internet companies is coming into view. You might argue both propositions are true. Even if there is a valuation bubble, the last great Internet bubble nevertheless produced the current leading companies of the Internet application space. That is likely to be the case for some companies of the current wave, even if current valuations do not hold up, over the longer term.

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When Was the Last Time 40% of all Humans Shared Something, Together?

I miss these sorts of huge global events where 40 percent of living humans share a chance to build something for others.