Thursday, October 05, 2006

Yelp gets $10 million more in funding

Local review site announced tonight that it has taken $10 million in Series B funding from Benchmark Capital. The company received as much as $6 million in a previous round from Bessemer Venture Partners.
Yelp says that they had 1.5 million unique visitors last month, which is pretty good number. At the other hand they face pretty good amount of competitors and we will see who is going to be the winner in this particular niche. And some of the competitors had also landed serious investors... for example Judy’s Book has also raised $8 million from Mobius Venture Capital, Ignition Partners and Ackerley Partners just last year. Plans To Go Social

Joshua Schachter, the founder of, who is now part of Yahoo! said in the public that plans to become a social network.

Here is what he says in a recent intervew:

"One of the amazing things about our users is how smart and far-reaching their interests are. While delicious previously has been very much about just the data, in the future I hope to allow our users themselves to come forward within the system. Additionally, I want to help people connect with others within the system, either to people they already know or discovering new people and communities based on interest."

Well, we'd say pretty good idea but nothing new under the sun. It would be really good if the companies stays focused on what they became popular at first. Dreams. Anyone wants to expand over and over again and they become pretty much corporate sharks rather than social oriented web sites and mashups.

new source code search engine by Google

Google seems to be releasing a new source code search engine tonight.

Valleywag reports that Google will be releasing a source code search engine tonight with an index starting larger than competitors Krugle and Koders. In fact many people were expecting such a move from Google.

For this statement to be true, they must be pulling code and documentation from the same places as competitors, and more. The existing search engines get information from SourceForge, FreshMeat, Apache, Javadocs, Wikipedia and others.