Wednesday, November 29, 2006

BitTorrent Raises $25 million, Totals $34M

Om Malik posted a rumor today regarding a new BitTorrent financing and possible ouster of CEO Bram Cohen. Techcrunch did some independent digging and have come up with what they believe is accurate based on multiple sources and a leaked document: BitTorrent has raised a $25 million Series B round of financing from Accel Partners and previous investor Doll Capital Management, bringing the total capital raised to just under $34 million.

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Google Closes Google Answers

Google announced that they would be closing the service by the end of the week.

So if you’ve got a pressing question, ask now or forever hold your peace.
“Google is a company fueled by innovation, which to us means trying lots of new things all the time — and sometimes it means reconsidering our goals for a product,” wrote Andrew Fikes and Lexi Baugher, software engineers for Google, on their blog. “Later this week, we will stop accepting new questions in Google Answers, the very first project we worked on here. The project started with a rough idea from Larry Page, and a small 4-person team turned it into reality in less than 4 months. For two new grads, it was a crash course in building a scalable product, responding to customer requests, and discovering what questions are on people’s minds.”

One is for sure, Google knows how to admit that a product is not going very well.