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Virtual social network IMVU raises $35M from China’s NetEase and others

TechCrunch

The line between social networking and gaming is increasingly blurring , and internet incumbents are taking notice. IMVU has raised more than $77 million from five rounds since it was co-founded by “The Lean Startup” author Eric Ries back in 2004. The company declined to disclose its post-money valuation.

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What Startups Can Learn About PR and Crisis Management

Both Sides of the Table

During the 2004 election he was accused of having made up material facts from his service in the Vietnam War in an election against somebody who didn’t serve in a war. That, or incumbents. Have a PR Strategy. Think John Kerry and the “swift boat&# scandal. He’s verbose, often off message and wooden.

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The Quirky M&A Environment for SaaS Companies in 2016

Tomasz Tunguz

The second largest, Jasper, is an internet of things software company founded in 2004, which Cisco acquired for $1.2B. This new behavior is a shift in strategy for private equity firms. The 2016 software buying spree hasn’t benefitted private startups or unicorns yet, and that reflects the different strategies of the buyers.

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Unbundling the Game Engine: The Rise of Next Generation 3D Creation Engines

Andreessen Horowitz

Unity, founded in 2004, took nearly 5 years of bootstrapping to launch the engine, cultivate a cult following of Mac hobbyist developers, raise venture funding and ascend the curve of relevancy such that studios with real budgets were willing to bet their projects on Unity. Even Unity grew out of a failed game called Gooball.