Comments on: Like.com’s Perfect Timing: $32 Million Series C Round http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/ Startup and Technology News Tue, 10 Nov 2009 06:36:04 -0800 hourly 1 By: A Sad Day. Goodbye, Riya | Trinitude Network http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-2/#comment-2924537 A Sad Day. Goodbye, Riya | Trinitude Network Fri, 14 Aug 2009 19:00:35 +0000 http://www.techcrunch.com/?p=23679#comment-2924537 [...] closed. And eventually the company refocused its efforts on visual search ecommerce (and is still going strong at [...] [...] closed. And eventually the company refocused its efforts on visual search ecommerce (and is still going strong at [...]

]]> By: A Sad Day. Goodbye, Riya | Technology http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-2/#comment-2924083 A Sad Day. Goodbye, Riya | Technology Fri, 14 Aug 2009 16:01:34 +0000 http://www.techcrunch.com/?p=23679#comment-2924083 [...] closed. And eventually the company refocused its efforts on visual search ecommerce (and is still going strong at [...] [...] closed. And eventually the company refocused its efforts on visual search ecommerce (and is still going strong at [...]

]]> By: Casey-Computing and Technology » A Sad Day. Goodbye, Riya http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-2/#comment-2923878 Casey-Computing and Technology » A Sad Day. Goodbye, Riya Fri, 14 Aug 2009 13:20:28 +0000 http://www.techcrunch.com/?p=23679#comment-2923878 [...] closed. And eventually the company refocused its efforts on visual search ecommerce (and is still going strong at [...] [...] closed. And eventually the company refocused its efforts on visual search ecommerce (and is still going strong at [...]

]]> By: A Sad Day. Goodbye, Riya | Techdare http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-2/#comment-2923865 A Sad Day. Goodbye, Riya | Techdare Fri, 14 Aug 2009 13:14:11 +0000 http://www.techcrunch.com/?p=23679#comment-2923865 [...] closed. And eventually the company refocused its efforts on visual search ecommerce (and is still going strong at [...] [...] closed. And eventually the company refocused its efforts on visual search ecommerce (and is still going strong at [...]

]]> By: A Sad Day. Goodbye, Riya http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-2/#comment-2923818 A Sad Day. Goodbye, Riya Fri, 14 Aug 2009 12:24:27 +0000 http://www.techcrunch.com/?p=23679#comment-2923818 [...] closed. And eventually the company refocused its efforts on visual search ecommerce (and is still going strong at [...] [...] closed. And eventually the company refocused its efforts on visual search ecommerce (and is still going strong at [...]

]]> By: A Sad Day. Goodbye, Riya | Design Website Blog http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-2/#comment-2923790 A Sad Day. Goodbye, Riya | Design Website Blog Fri, 14 Aug 2009 12:00:34 +0000 http://www.techcrunch.com/?p=23679#comment-2923790 [...] closed. And eventually the company refocused its efforts on visual search ecommerce (and is still going strong at [...] [...] closed. And eventually the company refocused its efforts on visual search ecommerce (and is still going strong at [...]

]]> By: A Sad Day. Goodbye, Riya | Geek News and Musings http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-1/#comment-2923739 A Sad Day. Goodbye, Riya | Geek News and Musings Fri, 14 Aug 2009 11:20:43 +0000 http://www.techcrunch.com/?p=23679#comment-2923739 [...] closed. And eventually the company refocused its efforts on visual search ecommerce (and is still going strong at [...] [...] closed. And eventually the company refocused its efforts on visual search ecommerce (and is still going strong at [...]

]]> By: A Sad Day. Goodbye, Riya | Stoth http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-1/#comment-2923720 A Sad Day. Goodbye, Riya | Stoth Fri, 14 Aug 2009 11:06:32 +0000 http://www.techcrunch.com/?p=23679#comment-2923720 [...] closed. And eventually the company refocused its efforts on visual search ecommerce (and is still going strong at [...] [...] closed. And eventually the company refocused its efforts on visual search ecommerce (and is still going strong at [...]

]]> By: A Sad Day. Goodbye, Riya | Anthonyrobinson.info http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-1/#comment-2923707 A Sad Day. Goodbye, Riya | Anthonyrobinson.info Fri, 14 Aug 2009 11:01:44 +0000 http://www.techcrunch.com/?p=23679#comment-2923707 [...] closed. And eventually the company refocused its efforts on visual search ecommerce (and is still going strong at [...] [...] closed. And eventually the company refocused its efforts on visual search ecommerce (and is still going strong at [...]

]]> By: Cmonweb, et pourquoi pas ? » Riya.com ferme ses portes http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-1/#comment-2923651 Cmonweb, et pourquoi pas ? » Riya.com ferme ses portes Fri, 14 Aug 2009 10:15:21 +0000 http://www.techcrunch.com/?p=23679#comment-2923651 [...] then we have grown dramatically.  There’s a TechCrunch post on our last round of financing here. Like.com’s visitors now purchase over $100MM per year of clothing, shoes handbags and other [...] [...] then we have grown dramatically.  There’s a TechCrunch post on our last round of financing here. Like.com’s visitors now purchase over $100MM per year of clothing, shoes handbags and other [...]

]]> By: Like.com’s Perfect Timing: $32 Million Series C Round for New UK version of their Visual Search [News] | CMOs Blog http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-1/#comment-2646030 Like.com’s Perfect Timing: $32 Million Series C Round for New UK version of their Visual Search [News] | CMOs Blog Fri, 06 Mar 2009 13:33:20 +0000 http://www.techcrunch.com/?p=23679#comment-2646030 [...] http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/ [...] [...] http://www.tech...series-c-round/ [...]

]]> By: Anonymous http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-1/#comment-2640298 Anonymous Sun, 01 Mar 2009 21:38:32 +0000 http://www.techcrunch.com/?p=23679#comment-2640298 It’s a real shame… Like.com had a good model, a solid plan, a smart exec team… and then came the market downturn. Over the last few months, Munjal has fired the marketing teams, the sales team and the biz dev teams in a desperate attempt to slow the rapid hemorrhage of cash. (How do you monetize a site after cutting loose the people driving the revenue?). Despite cutting the headcount from 40 down to 20, rumor has it that the burn rate is still close to $3 million per month with revenues in the tens of thousands and an ever-shrinking market share. It’s just a matter of time before Peter Rip and company hand Mr. Shah his walking papers, but will it be in time to salvage some portion of their investment? Probably not. As I said, a real shame… It’s a real shame… Like.com had a good model, a solid plan, a smart exec team… and then came the market downturn.

Over the last few months, Munjal has fired the marketing teams, the sales team and the biz dev teams in a desperate attempt to slow the rapid hemorrhage of cash. (How do you monetize a site after cutting loose the people driving the revenue?).

Despite cutting the headcount from 40 down to 20, rumor has it that the burn rate is still close to $3 million per month with revenues in the tens of thousands and an ever-shrinking market share.

It’s just a matter of time before Peter Rip and company hand Mr. Shah his walking papers, but will it be in time to salvage some portion of their investment? Probably not.

As I said, a real shame…

]]> By: Image Recognition in Mathematica 7 - Cheaper than a VC Backed Start Up! « Social Mode http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-1/#comment-2562999 Image Recognition in Mathematica 7 - Cheaper than a VC Backed Start Up! « Social Mode Wed, 10 Dec 2008 21:21:43 +0000 http://www.techcrunch.com/?p=23679#comment-2562999 [...] You don’t need VC money to build a kickass image/video/sound recognition search engine like Li... or that silly iphone app in the commercials. [...] [...] You don’t need VC money to build a kickass image/video/sound recognition search engine like Li… or that silly iphone app in the commercials. [...]

]]> By: Digital Marketing Vietnam, SEO, Search Engine Marketing, PR 2.0 » Blog Archive » Vertical Search with Modista http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-1/#comment-2559751 Digital Marketing Vietnam, SEO, Search Engine Marketing, PR 2.0 » Blog Archive » Vertical Search with Modista Sun, 07 Dec 2008 20:24:10 +0000 http://www.techcrunch.com/?p=23679#comment-2559751 [...] for video, SimplyHired and Recruit.net for job. Another way to go is visual search by Like.com (just raised $32M Series C) Now came the Modista that “simplifies online shopping by searching inventories across [...] [...] for video, SimplyHired and Recruit.net for job. Another way to go is visual search by Like.com (just raised $32M Series C) Now came the Modista that “simplifies online shopping by searching inventories across [...]

]]> By: October 22, 2008 | next media update http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-1/#comment-2514614 October 22, 2008 | next media update Mon, 27 Oct 2008 17:23:05 +0000 http://www.techcrunch.com/?p=23679#comment-2514614 [...] Like.com Raises $32 Million Series C Round TECHCRUNCH Like.com is a visual search engine that matches pictures of things to items for sale that look similar. The service launched in November 2006, and revenue has steadily grown. The company took a year to reach a $1 million annual run rate. Today, we’ve heard, they are over a $20 million revenue run rate.The company is launching a UK version of the service this week at like.co.uk. They also have an iPhone application called LikeThis that lets users take a picture of an item and receive an email with results for similar items for sale. Source> [...] [...] Like.com Raises $32 Million Series C Round TECHCRUNCH Like.com is a visual search engine that matches pictures of things to items for sale that look similar. The service launched in November 2006, and revenue has steadily grown. The company took a year to reach a $1 million annual run rate. Today, we’ve heard, they are over a $20 million revenue run rate.The company is launching a UK version of the service this week at like.co.uk. They also have an iPhone application called LikeThis that lets users take a picture of an item and receive an email with results for similar items for sale. Source> [...]

]]> By: Philip Wilkinson http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-1/#comment-2514511 Philip Wilkinson Mon, 27 Oct 2008 15:24:23 +0000 http://www.techcrunch.com/?p=23679#comment-2514511 Interesting to see price comparison engines still getting funding. Note that ebay announced shopping.com was finding it harder to get traffic these days as Google was hitting them hard on search traffic. Wonder if like.com might have similar issues? Don't know why they needed $20m either - surely you can break even without needing this much cash? Interesting to see price comparison engines still getting funding. Note that ebay announced shopping.com was finding it harder to get traffic these days as Google was hitting them hard on search traffic. Wonder if like.com might have similar issues? Don’t know why they needed $20m either – surely you can break even without needing this much cash?

]]> By: Jacob http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-1/#comment-2511114 Jacob Thu, 23 Oct 2008 05:04:17 +0000 http://www.techcrunch.com/?p=23679#comment-2511114 It strikes me that the same retarded stuff gets repeated. While Munjal does put up a good talk, history provides better insight. His former company took in $64 million in funding, and (kudos for this) was one of the first to support ebay sellers. However, the company went from 80% + market share and a ton of money in the bank to almost no market share nor money a few years later while he remained CEO throughout this. Basically, he has no experience creating or running a successful company. Running a company that simply burns through cash is not a sign of success. Getting your name in publications is not either. I wish them the best of luck, but once again VCs are being retarded with other's money. Not to be confused with the credit industry. It strikes me that the same retarded stuff gets repeated. While Munjal does put up a good talk, history provides better insight.

His former company took in $64 million in funding, and (kudos for this) was one of the first to support ebay sellers. However, the company went from 80% + market share and a ton of money in the bank to almost no market share nor money a few years later while he remained CEO throughout this.

Basically, he has no experience creating or running a successful company. Running a company that simply burns through cash is not a sign of success. Getting your name in publications is not either.

I wish them the best of luck, but once again VCs are being retarded with other’s money. Not to be confused with the credit industry.

]]> By: Like is Well Liked with additional $32M Investment Round | Viraload http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-1/#comment-2510869 Like is Well Liked with additional $32M Investment Round | Viraload Thu, 23 Oct 2008 01:04:49 +0000 http://www.techcrunch.com/?p=23679#comment-2510869 [...] the visual search engine raised $32M in a round reported that closed in August.  Liked Series C round was lead by Menlo Ventures and Crosslink joined in [...] [...] the visual search engine raised $32M in a round reported that closed in August.  Liked Series C round was lead by Menlo Ventures and Crosslink joined in [...]

]]> By: IdentityLocator.com http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-1/#comment-2510847 IdentityLocator.com Thu, 23 Oct 2008 00:19:00 +0000 http://www.techcrunch.com/?p=23679#comment-2510847 http://professionallocator.ning.com/profile/mylocator http://professi...ofile/mylocator

]]> By: huh http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-1/#comment-2510840 huh Thu, 23 Oct 2008 00:13:18 +0000 http://www.techcrunch.com/?p=23679#comment-2510840 KelsLocator.com KelsLocator.com

]]> By: kels http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-1/#comment-2510557 kels Wed, 22 Oct 2008 19:26:33 +0000 http://www.techcrunch.com/?p=23679#comment-2510557 What the hell is the deal with these locator sites in these comments? I keep seeing them and they have locator site for every fucking thing! Someone please explain... What the hell is the deal with these locator sites in these comments? I keep seeing them and they have locator site for every fucking thing! Someone please explain…

]]> By: Peter Epstein http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-1/#comment-2510535 Peter Epstein Wed, 22 Oct 2008 19:04:29 +0000 http://www.techcrunch.com/?p=23679#comment-2510535 Eh maybe its just me but I'd rather have, try, and fail than not have at all and still fail. Eh maybe its just me but I’d rather have, try, and fail than not have at all and still fail.

]]> By: Visual search engine Like.com closes $32M round » VentureBeat http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-1/#comment-2510479 Visual search engine Like.com closes $32M round » VentureBeat Wed, 22 Oct 2008 18:19:02 +0000 http://www.techcrunch.com/?p=23679#comment-2510479 [...] the site demonstrates that image search can work. Looks like Menlo Ventures agrees — it led the round at a rumored valuation of more than $100 million. Tthe round’s timing doesn’t hurt either. Coming just before the financial meltdown, [...] [...] the site demonstrates that image search can work. Looks like Menlo Ventures agrees — it led the round at a rumored valuation of more than $100 million. Tthe round’s timing doesn’t hurt either. Coming just before the financial meltdown, [...]

]]> By: Barak http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-1/#comment-2510471 Barak Wed, 22 Oct 2008 18:10:54 +0000 http://www.techcrunch.com/?p=23679#comment-2510471 Why does a startup that's making $20 million a year need more funding!? Why does a startup that’s making $20 million a year need more funding!?

]]> By: shopster http://www.techcrunch.com/2008/10/21/likecoms-perfect-timing-32-million-series-c-round/comment-page-1/#comment-2510384 shopster Wed, 22 Oct 2008 16:39:00 +0000 http://www.techcrunch.com/?p=23679#comment-2510384 What would be really interesting to know is - are they profitable? Yes they could be generating $20M in rev but how much of this is actually going to the bank after TAC ? Also, is this valuation of $100M after money or before money? What would be really interesting to know is – are they profitable? Yes they could be generating $20M in rev but how much of this is actually going to the bank after TAC ? Also, is this valuation of $100M after money or before money?

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