Street Fight Daily: 08.10.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.
SinglePlatform has raised another $3.25 million to launch new products. “If you want to monetize local, you will need to go through SinglePlatform one day, because they’ll own the best, trusted relationship with the merchant,” a confident venture capitalist says. (Business Insider)
One year after the launch of TBD, the local news project barely exists. Journal Register’s Steve Buttry quietly lifts a glass to his TBD colleagues and shares some lessons for other digital pioneers from his TBD experience. (SteveButtry.wordpress.com)
Groupon has filed an amended S1 filingwith the SEC this morning. New information about underwriters as well as financial performance are included. The daily deal company generated $878 million in gross revenue for the second quarter of the year. (Business Insider)
Testing the notion that there’s power in numbers is the just-launched Chicago-based startup oBaz. Its promise: To go to bat for consumers who band together in big groups; it haggles with merchants to bring back big discounts. (Mashable)
The world isn’t lacking for news about Brooklyn’s artisanal pickles, flea markets and beekeeping, but a new site, Brooklyn Bureau, aims to focus on the less hip side of New York City’s largest borough. (PaidContent)
Specialized verticals within local are a major part of the new marketplaces environment. Aiming itself at one such vertical is TakeLessons, a five-year-old teacher site that is exclusively focused on hooking vetted music teachers with students. The site has just announced a $6 million funding round. (Local Onliner)