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Tag Archives: exits

Links: Wharton professor has two exits in a single month, ‘Cyber-Terrorist’ of Wikileaks and More

DEFINITE READS

  • eBay Buys Into College Entrepreneur’s Shopping Concept [Entrepreneurs' Adventures: Portfolio.com] Milo.com from Jack Abraham, on leave from Wharton, whose father built and sold comScore.
  • Wharton Professor’s Winning Streak [Scaling Up: Forbes] — 67-year-old Leonard Lodish recently earned exits on two e-commerce sites, Diapers.com and, as noted above, Milo.com, for a total of some $575 million.
  • Editorial: City Council: Let us in [It's our Money: Philly.com] — “For starters, we can’t understand why Council seems so behind the times on technology. The city’s inability to provide Internet access to the public during Council meetings – City Hall’s thick walls are apparently kryptonite to wi-fi – seems antiquated in the age of citizen blogging.There is also no way for the public to submit comments through Council’s website.”

MIGHT BE OF INTEREST

GIVE A GLANCE

  • Create Your Own Archive.org with Reed Tech Web Archiving [Read Write Web] A Horsham company, as Philly Tech News notes.
  • 4 charged in high-tech hooker ring [Daily News] — They “ran a prostitution ring using laptops, prepaid credit cards, cell phones and digital cameras to post photos of girls looking for “dates” on Craigslist’s erotic-services section.”
  • LevLane to represent Philadelphia Technology Park [Philadelphia Business Journal] — “LevLane, a Center City agency, will also handle media relations and “reputation management,”… Philadelphia Technology Park, which opened in September at the Philadelphia Navy Yard, is in the business of data backup for corporations in the region.”
  • Paycheck mortgage [Philly Deals: Inquirer] In the second item of this column, Ami Kassar of “Plymouth Meeting-based loan-screener” MultiFunding calls for innovation in bank lending by allowing lenders “to take an ongoing percentage of the borrower’s [future] earnings until the obligation is paid off.”
  • Virtual justice: Online game world meets real-world cops and courts [Inquirer] — “If someone steals your virtual Roger Paulino pants, is it considered a real theft? Is it possible for an avatar to rape another avatar? Can you be hauled to court on harassment charges for annoying a game character? When the virtual blends into the real, trying to distinguish one world from another can be mind-bending.” Featuring Joe Osbourne and Tim Quirino of Geekadelphia.

Stuzo acquired by Dachis Group

Stuzo, the Fairmount-based Facebook application development shop has been acquired by the Dachis Group according to Techcrunch and a message from Stuzo founder Gunther Pfau to Technically Philly.

Pfau declined to disclose any details but said that he will continue to helm Stuzo and the company will remain in the city as an operating unit of Dachis.

“We’re looking to bring on board more technical, project management, and account talent,” said Pfau.

Stuzo started in 2005 as a platform for college students to trade textbooks and other goods at Temple University before pivoting to become one of the first developers on the Facebook Application platform.

“It didn’t completely gain traction,” admitted Pfau in a video interview last year.”We really made a decision overnight … to change gears.”

The company began building apps like MyHeritage before focusing more on promotions for other brands like Coca-Cola and Proctor and Gamble, quickly becoming one of the largest Facebook development shops in the country.

The Dachis Group, based in Austin, is a “social business consultancy” with many of same clients as Stuzo.

Friday Q&A: Austin Lavin, formerly of myfirstpaycheck.com

Myfirstpaycheck.com founders Austin and Celeste Lavin.

Austin Lavin is excited.

During his phone conversation with Technically Philly we can nearly hear the 25-year-old smile through the phone. His excitement is well-founded.

Austin, along with his 19-year-old sister Celeste, just sold their first company: myfirstpaycheck.com.

The siblings founded the Ardmore-based Web site in 2007 when then-15-year-old Celeste Lavin began looking for her first job. The family noticed that, in an age where teenagers spend increasing amounts of time online, there were no career resources for teens.

The duo built a job board that also featured career resources for young people, a niche popular enough to attract the attention Phoenix-based Simple Employment Solutions.

We sat down with the Penn grad to ask him what it felt like to sell, his advice for others and when he will be buying his yacht.


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