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Hungry Machine is Insatiable; LivingSocial Adds $2.9M - cbl
Posted March 28, 2011
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Tim O’Shaughnessy
By Brian Wolak
D.C. -- Hungry Machine, which does business as LivingSocial, continues to haul in capital. The D.C.-based company which offers a deal per day in multiple cities has completed a $2.89 million equity offering, raising the amount from nine investors, according to an SEC filing.
The capital adds to a $183 million infusion that LivingSocial received in December along with more than $50 million from rounds earlier last year, as reported by citybizlist.
Executives named in the filing include:
- Tim O'Shaughnessy, CEO and co-founder
- Edward Frederick, president and co-founder
- John Bax, CFO
- Aaron Batalion, CTO and co-founder
- Valeriy Aleksenko, CIO and co-founder
- James Bramson, general counsel
- Amanda Cole, vice president of Sales
- Eric Eichmann, COO
- Doug Miller, vice president of New Business Initiatives
- Camille Watson, vice president of Marketing
- Ian Costello
- Jake Maas, senior vice president of Business Development
Directors named in the filing include:
- Don Rainey, director, from Grotech Capital Group, which has offices in Hunt Valley, Md., and Vienna, Va.
- Tige Savage, director, from D.C.-based Case Foundation Ventures
- Ted Maidenberg, director, from Menlo Park, Calif.-based U.S. Venture Partners X
- Peter Krawiec, director, from Seattle-based Amazon.comNV Investment Holdings
- Neil Ashe, director
LivingSocial offers daily deals on handpicked experiences that can be shared with friends and that are aimed to provoke a loyal new following to local businesses.
SEC filing: http://tinyurl.com/5rlorkx
Bios:
Tim O'Shaughnessy
CEO and Co-Founder
Tim sets and communicates LivingSocial's core strategy, and oversees our growth as the next great consumer brand. Before LivingSocial, Tim led the consumer products team at Revolution Health and managed product launches at AOL. Tim graduated from Georgetown University with degrees in Marketing and Operations & Information Management.
Eddie Frederick
President and Co-Founder
Eddie leads our capital deployment program, namely customer acquisition. Prior to co-founding LivingSocial, he designed and built innovative product prototypes and platform infrastructure at Revolution Health. He is a graduate of the University of Maryland with degrees in Mathematics and Computer Science.
Aaron Batalion
CTO and Co-Founder
Aaron is responsible for building products that meet the changing demands of our users and partners. Prior to LivingSocial, he was Architect at Revolution Health, and led development for Blockbuster's Online Subscription effort. Aaron holds degrees in Computer Science and Japanese from Lehigh University.
Val Aleksenko
CIO and Co-founder
Val is responsible for maintaining the LivingSocial infrastructure, which is proven to handle millions of visitors a day. With over two decades of experience in building and deploying complex systems, Val previously led a team of developers at France Telecom and helped launch Revolution Health. Val studied Computer Science at the Kharkov Polytechnic Institute in Ukraine.
Don Rainey
General Partner
Don Rainey joined Grotech Ventures as a general partner in September 2007. With over $1B US under management, Grotech focuses on early stage information technology companies. Don currently serves on the boards of Grotech portfolio companies Clarabridge, HelloWallet, LivingSocial , Personal, SnappCloud, and Zenoss, as well as the Northern Virginia Chapter of the March of Dimes.
In Fall 2008, Don was appointed for a second term as an emerging technology consultant to the Chief Information Officer of the US Department of Defense through the DeVenCi Program. The DeVenCi Program consists of a handful of venture capitalists who research and nominate companies to solve the US Department of Defenses's unmet technology needs.
Don is also an Organizing Board member of the prestigious MindShare forum. In this role, he helps CEOs from the Greater Washington Metropolitan region's most promising start-ups build long-term sustainable companies. This invitation-only group provides its annual CEO class with an opportunity to meet peers, Organizing Board members and prominent speakers in an intimate setting to exchange ideas and discuss current issues facing start-up companies. To date, more than 400 CEOs have graduated from the program, including some of the area's most notable entrepreneurs.
Don's long history in the tech industry includes serving as president at Attitude Network, one of the first online entertainment networks, which was sold to TheGlobe.com in 1999. He also managed channel distribution and brand marketing in 50 countries for IBM's $2 billion network hardware division and served as COO of DaVinci Systems where he spearheaded the company's acquisition by ON Technology. Don designed and launched Novell's much-emulated global Authorized Dealer Program in the late 80's. He currently heads the Capital Formation Committee for the Northern Virginia Technology Council.
Don earned a B.B.A. from James Madison University and a M.S. in Bioscience Management from George Mason University. He serves on the Executive Advisory Council for the College of Business at James Madison University and he is an adjunct professor at American University where he teaches graduate courses entitled "New Venture Finance" and "Venture Capital and Private Equity".
Don previously served on the Enterprise Investment Advisory Committee for the State of Maryland, and the Investment Advisory Board of the State of Virginia's Growth Acceleration Program (GAP) as well as the board of the Virginia Tech Intellectual Properties Foundation.
Also at citybizlist, see:
Grotech-Backed Hungry Machine/Living Social Devours Another $10.2M - cbl
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