Kanoodle lands major investor

[Brett_Tabke]

Kanoodle has secured a multimillion dollar investment from Insight Venture Partners.

[kanoodle.com...]

[jeremy goodrich]

Perhaps that helps explain the large, glitzy booth they had at SES in Chicago?

Good on them to secure more money, seems one of the trends at the conferences was VC reps combing the halls, looking for companies to buy, invest in, or roll up.

[Chndru]

Right on time, with more moves into contextual here: [webmasterworld.com...]

[EquityMind]

Congrats to the Kanoodle team.

EquityMind

[webdiversity]

Would love to meet those analysts who predict content targetting will hit $1.4 billion a year inside of 4 years, I can't see it myself. Geo-targetting yes definately.

[HughMungus]

Maybe because Kanoodle just hired the former Sprinks execs that Google didn't want. Oops.

[Brett_Tabke]

I am not sure what this means, but a fellow member has tipped me off to something rather interesting.

Eric Schmidt is on Insight Venture Partners Executive advisory board:

From Insight Ventures TEAM page:

[69.20.19.254...]

Google founders Larry Page and Sergey Brin recruited Eric Schmidt from Novell, where he led that company's strategic planning, management and technology development as chairman and CEO. Since coming to Google, Schmidt has focused on building the corporate infrastructure needed to maintain Google's rapid growth as a company and on ensuring that quality remains high while product development cycle times are kept to a minimum. Along with Page and Brin, Schmidt shares responsibility for Google's day-to-day operations.

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[nakulgoyal]

Maybe Kanoodle is also waking up and showing the world something......let's wait and wach. This cat and mouse game will never end.

[Shak]

Had the pleasure of meeting William Cronberger (VP) and another Kanoodle member of staff at Pubcon London, and wish them good luck for the future.

wonder how long b4 they open an office in London?

Shak

[Brett_Tabke]

What is Eric Schmidt doing on the Executive Advisory Board of vc group that just snuggled up to a major Google competitor? There's a string here that needs to be pulled on...

[Chndru]

>major Google competitor
Not necessarily :)~

[EquityMind]

Good find Brett + whoever your anonymous tipster was, that is indeed very interesting and raises a few eyebrows I'm sure. Not sure this is the case, but that usually occurs when there is an interest of acquring later, or maybe they tapped Mr. Schmidt's expertise prior to the investment since he would be considered their industry expert, thinking that there may be some form of synergistic alliance in the future.

[iblaine]

At the latest SES show un Chicago there were also a couple Analysts with Insight Venture Partners cruising the floor. I couldn't tell if they were trying to find companies who would interested in acquiring companies they had backed and/or were trying to find other mid stage companies to invest in.

I did talk to one of the guys to find out what they were up to. The analyst was somewhat junior and probably ballbed more than he should. In addition to Kanoodle the were also looking to pump some money into Tribal Fusion. He also mentioned that they were working with someone high up in Google on some potential deals.

As we all know the whole internet space is pretty much incestuous so anybody getting into bed with anybody shoudn't be a suprise.

[jeremy goodrich]

David something was the guy I talked to with Insight Venture Partners. ;)

I think he was cruising every booth there @ SES and talking about their major investment...he mentioned it was PPC, I guess I should have figured it was Kanoodle. Didn't see him in a tag team, but there were a few VC firms there, so it was difficult to keep them all straight after a while.

[SlyOldDog]

>>Not sure this is the case, but that usually occurs when there is an interest of acquring later

Sounds odd to me. Why would he build a target up and make it more expensive to buy? Unless of course he has an official/unofficial interest in it too!

He's got a bit of a conflict of interest on his hands and he should resign from one of his jobs.

[bluelook]

On that press release page there is an html error. I already warned them, but itīs still there. In the link to www.insightpartners.com, they forgot the http:// part, so anyone that clicks on the link gets an error page :)

[Sanenet]

On the other hand, with Xplanations like this, they'll soon clean up:
[kanoodle.com...]

I just love the little lego figures! However, it is by far the most friendly explanation of PPC marketing I've ever seen, albeit a tad basic.