More NewsIf a Company Gets Venture Capital Today…

If a Company Gets Venture Capital Today...

...it means it's doing something right, says Michael Lazerow, Buddy Media CEO. Speaking at the Digital Publishing & Advertising Conference Tuesday, Lazerow said one company that's apparently doing something right is Medialets, a rich media advertising and analytics platform for mobile applications

…it means it’s doing something right, says Michael Lazerow, Buddy Media CEO.

Speaking at the Digital Publishing & Advertising Conference Tuesday, Lazerow said one company that’s apparently doing something right is Medialets, a rich media advertising and analytics platform for mobile applications. The New York City-based company announced it got $4 million in funding from Foundry Group, DFJ Gotham, and Saba CEO Bobby Yazdani.

In making his point, Lazerow said over the past few years “a lot of businesses were funded in a drunken stupor.” Many of those businesses, he said, will die.

Keep in mind, Lazerow’s company, a developer of social media applications, got $6.5 million in a second round of financing in April 2008. For sure, Lazerow and his team are working in overdrive to assure its investors they weren’t drunk when they forked over the financing.

Related Articles

How to measure a multi-channel marketing strategy

Digital Marketing How to measure a multi-channel marketing strategy

3m Tereza Litsa
The future of retail: How IoT is transforming the retail industry

Digital Transformation The future of retail: How IoT is transforming the retail industry

4m Diana Maltseva
GDPR: The role of technology in data compliance

Data & Analytics GDPR: The role of technology in data compliance

11m Clark Boyd
What companies can learn from the We-Vibe lawsuit about the Internet of Things

Legal & Regulatory What companies can learn from the We-Vibe lawsuit about the Internet of Things

2y Al Roberts
Has advertising arrived on Google Home?

Media Has advertising arrived on Google Home?

2y Al Roberts
Target is the top retail digital marketer, so why is it struggling?

Ecommerce Target is the top retail digital marketer, so why is it struggling?

2y Al Roberts
YouTube is "on pace to eclipse TV" thanks to savvy algorithm use

More News YouTube is "on pace to eclipse TV" thanks to savvy algorithm use

2y Al Roberts
YouTube is getting rid of 30-second unskippable pre-roll ads

Ad Industry Metrics YouTube is getting rid of 30-second unskippable pre-roll ads

2y Al Roberts