Social commerce venture heads to tech hotbed but maintains a local presence
Sep 1, 2010 3:02 PM
Shannon Terry and Bobby Burton, the former leaders of Rivals.com, have ventured back into the sports Web sites game with the launch of 247Sports.com. The duo in 2008 sold Rivals to Yahoo for $98 million.
The creation of 247Sports.com brings Terry back to his primary love of developing startup companies. In the late 1990s, he founded and ran Rivals.com forerunner AllianceSports. 247Sports.com is being launched with about 30 employees and with $6 million in startup funds — all from company executives, with Terry providing the largest individual piece. Terry serves as CEO; Burton is president.
Aug 16, 2010 2:34 PM
An ad industry veteran says mobile and digital media will soon rule the roost [From our print edition featured in Monday's City Paper]
Aug 14, 2010 7:22 PM
That's what recent secondary-market purchases by Elevation Partners suggest. The private-equity firm has acquired $120 million worth of shares in deals that value the social networking site at more than $23 billion versus "just" $9 billion around Thanksgiving. Another eye-popping number: The deals put Facebook's price-sales ratio at almost 30, which is 50 percent higher than where Google traded in its mid-decade heyday.
Jun 30, 2010 9:03 AM
Interactive marketing contract worth nearly $1M
May 25, 2010 9:50 PM
Health coaching company and BlueCross BlueShield of Tennessee subsidiary Gordian Health Solutions has rebranded itself as Onlife Health. The change was made to reflect the evolution of the company from its roots as a telephonic coaching business to a multi-modality health company, said CEO Chris Hunter. Concurrent with the rebranding, Gordian announced its Positive Living Programs and Web 2.0 member site that, when launched later this year, will allow participants to post their health goals and interact with other community members through social media tools like Facebook and Twitter.
“One of the things we found from our experience with customers is there’s a higher likelihood of positive long term sustained behavior change if communities are involved and groups of people are working together…so the next generation of our portal is to tie together social media with some of your traditional services."See Also: More proof Facebook is aging
Jan 5, 2010 2:47 PM
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