Earlier today GigaOm reported that Dropbox raised a new $7.25 million funding round over the summer (a number they derived from a SEC filing but that CEO Drew Houston wouldn’t confirm). We just spoke to Houston, who says that figure is wrong, and it’s off by nearly a year: Dropbox did close a Series A funding round, but it was for $6 million, and it was back in October 2008. And it was led by Sequoia, not Accel (though Accel did participate in the round).

Previously, Dropbox raised a seed round led by Sequoia that was $1.2 million in convertible debt, with Amidzad Partners also participating. They also raised money through the Y Combinator program.

There’s a ton of buzz around location right now. Our discussion on it at the RealTime CrunchUp this past Friday easily could have gone on twice as long as it did. There are just so many interesting facets: Business models, privacy, real-life social implications, and so on. Not surprisingly, we’re seeing an explosion of services that are built around it. One such service was a TechCrunch50 demo pit company this year, OnTheRoad.

Started in 2004 in the Czech Republic to connect travelers, newer devices like smartphones with GPS are poised to take the service to the next level. While a lot of location services such Foursquare, Gowalla, and now Loopt are built around the idea of “checking-in” to venues, OnTheRoad takes a different approach. It’s more about creating a geotagged travel diary when you specifically go on a trip somewhere.

Google’s acquisition of display advertising startup Teracent yesterday had significant meaning for rival Tumri; the San Mateo-based advertising platform now counts tech giant Google as a competitor. Tumri, which launched in 2004, provides a similar advertising technology to Teracent. The startup’s product, the AdPod, creates display ads that are customized in realtime to the specific consumer and site.

Tumri’s dynamic ad platform is optimized at the creative level to enable advertisers to change the animation, background template, featured product, headline, image, and more dynamically based on who is viewing the ad and where the individual is viewing the ad from geographically.

This morning we broke the news that Canopy Financial, no. 12 on this year’s Inc. 500 list of fastest growing companies, is a complete sham.

And it’s no surprise that today, everyone is trying to point the finger at everyone else.

The company’s investment bank, Financial Technology Partners, which has represented Canopy Financial through at least two separate rounds of fraudulent fundraising, emailed to say:

The site will feature daily editorial picks on clothing, accessories, and beauty products. Users can then click to purchase the picks on various retail sites. You can filter results by category, designer, price range and store. Users can share products to Facebook, Twitter and save any items to an Amazon Wish List. The site also serves as a comparison shopping site between merchants, and features nearly 100,000 various fashion items from more than 450 brands.

Ah, the curse of the groggy morning. You may have followed all the rules: no caffeine before bed, an early bedtime, and all the rest. But your best efforts are oftentimes for naught, foiled by the mysterious ways of sleep cycles. There may be an answer: WakeMate, a Y Combinator-funded startup that’s launching today, is looking to help you catch that ever-elusive good night’s sleep (and maybe even the perfect nap, too).

WakeMate is one of the few startups we’ve see that actually involves its own physical product (another that comes to mind is FitBit). To use the service, you first order the WakeMate wristband from the website, which costs $50. Then, you download an application for your Bluetooth-enabled smartphone (WakeMate is launching with support for iPhone, BlackBerry, Android, Windows Mobile, and a standard Java app for non-smart phones; support for Palm’s WebOS is on the way).

Mike Clark and Geoffrey Arone are preparing to roll out a new startup – SafetyWeb – we’ve confirmed. The company has raised a small angel round from Battery Ventures.

Clarke was an early executive and SVP of Engineering at Photobucket and was there from the start and for two years following the $300 million acquisition from FIM/MySpace. Arone, a cofounder of Flock, recently sold his startup DanceJam to SportsNet. Both are now full time on SafetyWeb.

For now the two aren’t saying much about the product. Except for this: SafetyWeb will target parents who want to know what their kids are up to online. This isn’t about filtering and key logging the home computers, but rather a service that will monitor publicly available information on the Internet and report back to parents. The key goals are to understand how to interpret real v. perceived threats to children/teens, and also report back any anomalies that the parents should be aware of. For example, if they friend someone who is a known sex offender, etc.

Microsoft is losing its chief financial officer, Chris Liddell (pictured left), who will be departing the company at the end of the year. Liddell will be replaced by Peter Klein (below), the current CFO of Microsoft’s Business Division.

Lidell joined in May, 2005 from International Paper. The stock is at about the same place as when he joined. Liddell has overseen a period of cost-cutting and stock buybacks at Microsoft.

Klein heads up finance for Microsoft’s largest division, which includes the Office business. Last quarter, the Business Division brought in $4.4 billion in revenues and $2.9 billion in operating income, which was nearly twice as much profits as Microsoft’s Windows business. Microsoft is handing over the corporate CFO spot to theman with the most individual financial responsibility in the company.

Yesterday, Facebook’s Dave Recordon commented that he just finished a marathon session of The West Wing, a great show about the inner-workings of a fictional White House that ended its run on NBC in 2006. I agreed with Recordon, it was a great show. You know who else agreed? Facebook founder Mark Zuckerberg.

So why is this interesting? Well, the creator of The West Wing was Aaron Sorkin. He was also the executive producer and primary writer through the first four seasons. If you’ve heard Sorkin’s name in the tech sphere recently, it’s because he’s also the writer of the new Facebook movie, The Social Network, currently filming under the direction of David Fincher.

Amazon announced some major changes to their Kindle e-book reader today. Specifically, it stated that they’ve worked out a way to increase battery life by 85%. That means that the new firmware update will allow you to leave your Kindle on (with the wifi active) for about 7 days before you need to recharge. Additionally, the Kindle will now support Adobe’s PDF format natively. Previously, you had to convert PDFs in order to view them on the Kindle.

Businesses using Twitter; there’s something to this idea. Even Twitter itself realizes it, as it’s expected to be a part of its own business model launching soon. In the meantime, other companies continue to jump into the ring. The lastest is American Express, which today unveiled Pulse, a Twitter stream focused on small businesses.

Pulse, which is a part of American Express’ Open Forum site, uses Twitter’s API to display the public tweets from small business owners. This stream can also be broken up into different small business industries, such as auto dealers, cleaning services, restaurants, and many others.

Gmail is furthering its offline strategy today with the announcement of the ability to include attachments in composed emails when offline. Google says this was one of the most requested features for Offline Gmail and starting today, you be able to attach files in offline mode the way you would in online Gmail.

You’ll be able to attach all types of files except inline images, which are images in the body of the email. When you have Offline Gmail enabled, Google says that mail now goes through the outbox when you’re online or offline, allowing Gmail to capture all attachments regardless of internet connections.

While they’ve been selectively displaying them for a little while now, Google today took the time to talk about and show off its new search ads. The general gist? Bigger, bigger, click me, bigger. Or, in Google’s own words, “Text is often useful, but sometimes videos and pictures are a more effective way to receive information.”

That can be true, I suppose, but each of these additions also make the ads units significantly bigger, and as such, much more in-your-face. More often than not, that doesn’t equal a better experience for the user. Of course, Google’s unstated hope is that you’ll be more likely to click on these bigger ads, especially now that many contain visuals.

Distinguishing feeds on Google Reader can be a little hard. Since every feed has the same default blue RSS icon, it requires reading on your part to tell them apart. Reading is hard. Pictures are easier. Today, Google Reader takes a step in that direction by finally adding favicon support to feeds.

The new feature certainly livens up Google Reader quite a bit. The only problem now is that you have a lot of feeds, like I do, it’s not exactly easy on the eyes with zillions of colors bombarding your peripheral vision. But hey, no doubt some people will like this, and most importantly, it’s opt-in.

Facebook co-founder Dustin Moskovitz is starting a new startup called Asana to solve enterprise collaboration, and he just closed a $9 million series A round from Benchmark Capital and Andreessen-Horowitz. this follows $1.2 million angel round last spring from investors including Ron Conway, Peter Thiel, Mitch Kapor, MySpace CEO Owen van Natta, Sean Parker, and former Facebook Director of Mobile Jed Stremel.

Moskovitz, who was Facebook’s first CTO, founded Asana with another former Facebook (and before that, Google) engineer, Justin Rosenstein. Matt Cohler, also a former Facebook executive who is now a partner at Benchmark, will be taking a seat on Asana’s board. And two of its investors, Marc Andreesen and Peter Thiel, currently sit on Facebook’s board.

AOL may be brushing up its brand image in preparation for its spin-off IPO in December, but brushing up its underlying business will take a little longer. Barclays analyst Douglas Anmuth released a report on AOL today complete with an earnings and revenue model going out to 2014 (see below). He projects absolutely no growth in revenues over the next five years, and only a one-time bump in profits in 2011, due to cutting one third of its current labor costs, before declines set in again.

In other words, investors who buy AOL stock will do so because it is a cost-cutting and turnaround story not a growth story, and that will determine what kinds of investors will buy the stock. Anmuth outlines some of the key factors which investors should be paying attention to.

Our buddy Kyle at iFixIt.com has just announced a beta version of iFixIt Answers, a collaborative repair community for gadgets. It might be a great resource for friends and family who can’t figure out how to work the TV remote.

How does it work?

You ask a question on Answers and then can follow as folks help out and answer your questions. This also creates a database of answers for multiple devices including MacBooks, iPods, and Sony laptops. It’s a good idea because Kyle has a great following of DIYers and most of them aren’t out to troll the forums with dumb questions or answers.

Internet commerce juggernaut eBay is unveiling a brand new iPhone application dubbed Deals today, alongside an upgraded version of its shopping app for the iPhone and iPod Touch platform and an enhanced mobile website. And there’s a good reason for eBay to bolster its mobile offering: the company says its mobile GMV (value of goods sold) via its iPhone app and mobile website (m.ebay.com) is on track to top half a billion dollars by the end of this year.

Impressive number, and that’s not the end of the story. eBay also shared that its mobile GMV is growing at a double-digit rate month-over-month, and that approximately half of its 750,000 unique mobile users per month are situated outside the United States. Another interesting tidbit: eBay says 1 item is purchased every 2 seconds through its mobile offering.

Earlier this year, eBay CEO John Donahoe told a conference audience that the value of goods sold through the eBay iPhone app alone would exceed $400 million, and that an upgraded version of the app was imminent. That updated app should now be available, and it gained a little brother, too.

Adconion Media Group announced this morning that it has acquired certain key assets from Joost, the ill-fated online video service started by the infamous Kazaa and Skype founders Niklas Zennström and Janus Friis. The terms of the transaction were not disclosed, but it’s likely a firesale that isn’t bringing any returns to Joost’s investors.

Last June, Joost announced a change in its business strategy to focus on providing white-label video platforms, and Adconion says it plans to pursue this strategy. Notably, Adconion recently announced its first long-term licensing partnership as the exclusive display and video ad-serving solution for the Goldbach Media Group in Europe.

[Germany] Several federal and regional government officials in Germany are trying to put a ban on Google Analytics, the search giant’s free software product that allows website owners and publishers to get detailed statistics about the number, whereabouts and search behavior of their visitors (and much more).

According to an article in today’s Zeit Online (poor Google translation here), multiple federal and state government officials charged with guarding over national data protection are convinced that Google Analytics is against the law in Germany and are mulling imposing fines on companies who use the service to gather detailed stats based on their website visitors’ usage patterns without the explicit consent of those visitors.