Early Stage Capital - True Ventures » Socialcast

Socialcast Opens API

Shea — Wed, 12 Aug 2009 12:53:08 +0000

Today Socialcast opened up its API to developers for collaboration of real-time information on its enterprise platform. With Socialcast’s wide scope and ability to aggregate multiple feeds of information, the open API will allow for greater customization and increased access to the enterprise’s flow of real-time information positioning the company to compete with larger intranets.

New Socialcast Features

Shea — Thu, 21 May 2009 05:19:55 +0000

Socialcast provides on-demand social business communication software with customizable, easy-to-use tools for information sharing and community monitoring. With Socialcast’s new integrated corporate email and customizable activity feeds, users existing work habits and comfortability with email can be capitalized as they ease into this critical workflow tool to achieve the ultimate goal of collaboration and knowledge share across the enterprise.

Walking The Walk

Shea — Fri, 01 May 2009 17:57:47 +0000

Bernard Lunn of Read Write Web interviewed True’s Phil Black to initiate his weekly series of interviews with venture capitalists. He wrote, “We chose True Ventures to kick off the series because it closed a Series A deal for Syncplicity in the dark days of October 2008, earning it a spot on our A-Team. When it closed a second Series A with LoopFuse in February 2009, it joined a very small contingent of VCs that have done two Series A deals since the financial meltdown.”

Today, Bernard posted an article on the current state of early-stage investing in the midst of this economic downturn. He lists VC “Double Hitters,” 11 firms that have done two or more Series A deals since October of 2008. True has invested in five Series A deals since October 2008. As Jon Callaghan said in an earlier blog post, “we remain open for business and are investing actively right now because we believe that true innovation takes years to develop, and now is an excellent time to build a company.”

Welcome Tim Young & Socialcast

Shea — Tue, 07 Apr 2009 02:45:17 +0000

Earlier this month, we had a chance to partner with Tim Young and his team and invest in his start-up, Socialcast. Tim has a vision of building a new kind of communication platform for enterprises – both big and small. The platform allows companies to create private online communities, share ideas, ask questions, dig up knowledge buried in the diverse minds that form an enterprise. The company has raised $1.4 million from us and well known angel investors. Socialcast will be moving its offices to San Francisco. As part of this investment, True Ventures’ venture partner, GigaOm founder Om Malik would join SocialCast’s board of directors. Welcome Tim, and thank you for making us part of your dream.