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Articles tagged with: co-founder

Myspace Up For Sale, 95% Less Than Its Original Value

The former social networking giant, Myspace, has been in trouble for a while now but it has finally hit rock bottom, with a sale expected to go down within the next few days. News Corp purchased the “then-popular” social media network in 2005 from Co-founder Tom Anderson.

The site was purchased for $580 million and is now speculated to sell between $20 and $30 million, making it a huge loss for News Corp. (not like it will put much of a ding to their overall revenue)

Angelpad Selects Top 2% Of Startups

Angelpad is a mentorship program that was founded by a group of ex-Google executives, and they held their second demonstration on Tuesday for start-ups to pitch to investors in San Francisco. Currently, there are thirteen companies that range widely, but mobile was a large percentage of the group. These thirteen companies were hand selected out of a total of 800 applications, drawing some rather impressive statistics, falling within the top 2% of total applicants.

One of the co-founders of Angelpad advised companies to first get the company going before focusing on raising “big venture dollars.” While he believes it is fine to…