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Another hit for Andreessen: HP to acquire Opsware for 1.6 billion

HP has announced that it will acquire Opsware for $1.6 billion. The company was founded by Marc Andreessen, who was also founder of Netscape, and a major force behind making the Internet what what it is today. The company, originally called Loudcloud, settled on the enterprise software arena, after several forays into other areas, including web hosting. Loudcloud had an IPO in 2001.

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July 23rd, 2007 Posted by Toni DasGupta | Squawk-Box | no comments

Tagged : How did a spam site get a $117M valuation?

taggedA while ago I heard from TechCrunch that Tagged was the fastest growing social network! I ignored the news, because I knew that they were doing it by spamming and tricking people into signing up.

I have received may be a couple of dozen “invitations” to join Tagged, from people I have never communicated with, except that a few years ago they may have written to me. I got the invitation because I was in their address book - Tagged somehow picked up all the email addresses from the victim’s address book and spammed them.

I have also gotten more apologies from people who wrote to me and explained how the Tagged service tricked them into spamming.

Hi5 has done that too but I think Tagged has been more “aggressive”, which is how people describe them when they are in polite company.

Here is another example of how they are tricking people; And other things people have said about them.

Tagged.com Sucks!; I hate tagged.com, Avoid Tagged.com like the plague.
The only thing they are big in, is spamming.

 

Also, can somebody explain to me why, if I click on the “browse” in Tagged, 80%+ of the pictures are of scantily dressed women? And they all joined on June 7, 2007! When did the demographic of the web surfer change? Why didn’t I get a memo?

Now I hear that they might have received funding of $15M with a premoney valuation of $102M. Let me spell that out if you didn’t get the full impact of it; $117,000,000.00 post money. Presumably someone thinks that this venture is going to be a $500M enterprise someday!?

What happened to doing “due diligence” on the companies before investing? Have the pickings been really that slim?

May be you can make short term money out of spamming, but that is not a business model.

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July 23rd, 2007 Posted by Sunny Kalara | Venture Capital, Opinion | 2 comments