It didn’t really need the money, but OpenX today announced a $10 million third round of funding. DAG Ventures led the round, and existing investors Mangrove Capital, Accel Partners, Index Ventures, First Round Capital and former AOL CEO Jon Miller, the company’s chairman, all chipped in a second time.
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If Orkut is the Facebook of Brazil, then Friendster is the Orkut of Asia. The company, which created the social-networking market only to forfeit it to Myspace and Facebook, is apparently doing quite well in Asia. So much so, that it’s used its success on that continent to secure some new venture funding and a CEO with a Google pedigree.
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Note: John Paczkowski is on vacation and won’t be writing or posting videos until he returns Monday. To keep you abreast of tech news while he’s away, we’re compiling a daily digest of 10 must-read tech stories. We’re calling it the Tech 10 and it appears here.
- Retailing behemoth Wal-Mart will sell digital-music downloads on its Web site without copy protection, Reuters reports. The so-called digital-rights management software insisted on by some record labels can stymie where the average user plays the songs.
- Taking on the juggernaut of iTunes, MTV and RealNetworks are forming an online digital music venture. According to The Wall Street Journal, Verizon Wireless has signed on as mobile distributor of the joint content.
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