LinkedIn Will Acquire Business Marketing Company Bizo For $175M LinkedIn just announced that it has reached an agreement to acquire Bizo, a company that helps advertisers reach businesses and professionals. LinkedIn says the deal is worth around $175 million — 90 percent cash and 10 percent stock. Bizo spun out from business directory ZoomInfo back in 2008. It raised a total of $20 million in venture funding (at least as of its Series B two years ago) from investors including Bessemer Venture Partners, Venrock, and Crosslink Capital. It also raised $12.5 million in debt. (Via TechCrunch).
Twitter Is About to Improve Direct Messages Twitter is about to make some obvious but much-needed improvements to its direct-messages feature. On Friday night, Twitter announced that it plans to update its iPhone and Android apps, so users can view their entire direct-message history on mobile. Twitter also said it's planning to streamline the process of deleting direct messages on mobile and the web, so there's less confusion. (via Mashable).
The rise of data and the death of politics On 24 August 1965 Gloria Placente, a 34-year-old resident of Queens, New York, was driving to Orchard Beach in the Bronx. Clad in shorts and sunglasses, the housewife was looking forward to quiet time at the beach. But the moment she crossed the Willis Avenue bridge in her Chevrolet Corvair, Placente was surrounded by a dozen patrolmen. There were also 125 reporters, eager to witness the launch of New York police department's Operation Corral – an acronym for Computer Oriented Retrieval of Auto Larcenists. (via The Guardian)
Quantifind Raises $12M To Translate Social Media Data Into Sales Quantifind, a marketing analytics startup led by former physicists, is announcing that it has raised $12 million. The company describes this as a strategic funding round, led by Comcast Ventures and Iris Capital. Existing investors AME Cloud Ventures, Redpoint Ventures and U.S. Venture Partners also participated in the new funding.
Quantifind was apparently operating under-the-radar for several years before starting to talk to the press in May. I spoke to Ari Tuchman (CEO, and a former DARPA technical lead with a Ph.D. in atomic physics from Yale) and John Stockton (head of product, with a Ph.D. in atomic physics from Caltech) around that time, and they both emphasized that Quantifind isn’t just another social listening service. (via TechCrunch)
Fly on the Facebook wall: A social media documentary In an age where what we tap with our fingers is almost as important as what we say with our mouths, documentary makers are having to go to extraordinary new lengths to tell the whole story. . . The Secret Life of Students is a twist on the traditional "observational documentary" TV format, where willing contributors are meticulously tracked by camera teams, in the hope of revealing the dramatic highs and lows of their lives. For this series, in addition to the cameras, the 12 first-year students were given specially modified iPhones running a script that allowed the programme makers to monitor their digital lives. (via BBC)