CEO Demoted to Couch Surfer
The founder of bankrupt Veoh looked for a place to crash; Palm's chief flack cracked wise about the stock; and John Mayer saved himself from being heckled at the gym. The Twitterati adjusted to sudden reversals.
Once again, Vanity Fair leaves geeks at the kids' power table
Preeminent among the magazine world's kingmaking power lists is Vanity Fair's New Establishment, which appears in the October issue — on newsstands in L.A. and New York today, but not in the Bay Area for another six days. Silicon Valley gets similar short shrift: The names who make it there are predictable bigs like…
Another $40 million and Veoh will work, founder promises
Veoh founder Dmitry Shapiro has hired investment bank Bear Stearns to find him another $40 million in venture capital. Shapiro's Veoh, an online-video site, took $26 million only last spring in a round led by Goldman Sachs. If Shapiro finds a $40 million sucker investor, that would set Veoh's value at $150 million.…
Can a Yahoo rescue Veoh from its pirate founder?
Veoh, the overhyped, piracy-riddled online-video site, has hired Steve Mitgang, a former SVP at Yahoo. Mitgang, one of the myriad of Yahoos who's taking credit for its Project Panama online-ad system, may be a suit well-suited to make Veoh friendlier to advertisers. Not an easy task.
