Poggled, a Chicago startup that provides deals on nightlife and bars, has raised $5.6 million in a round of funding that will let the company expand into new markets and build additional features for its mobile applications. Get the full story »
Lightbank
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Groupon president and COO leaving
Groupon Inc.’s president and chief operating officer, Rob Solomon, is stepping down as the Internet company remakes itself from a small start-up to a major online player.
The move comes as Groupon, which offers group discount deals, has experienced explosive growth. Solomon, a Silicon Valley veteran who joined the company a year ago, said in an interview he is stepping down partly because “Groupon got really big.” When he joined the company a year ago, the company had 200 employees, but today it has some 6,000, he said. Get the full story »
Daley panel to address needs of tech firms
Mayor Richard M. Daley said Tuesday that he has created a committee to study infrastructure needs for local technology companies and entrepreneurs.
The committee comprises 20 members, including top executives at local tech firms and representatives from area universities. The group also includes local venture capitalist Matt McCall of New World Ventures, Navteq Chief Executive Larry Kaplan, Kevin Willer of Google’s Chicago office, and Brad Keywell and Eric Lefkofsky, co-founders of Lightbank, a Chicago-based investment fund focusing on early-stage tech companies. Get the full story »
