Connecticut MBAs launch social site shizzlr con for students
Two University of Connecticut MBAs Nick Jaensch and Keith Bessette received 350000 in private and state funds to build shizzlr com a college student and twenty somethings social site. They aim to connect friends via group texts and plan to grow from a few thousand users to fifty thousand by May. Connecticut Innovations supports the venture and sees traction while experts caution about competing with large networks.
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Pandora tunes up for IPO as it files for $100 million
Pandora Media seeks an initial public offering later this year, planning to raise about 100 million dollars. The IPO timing depends on market demand and could be delayed by at least three months. The move reflects a surge in Internet firms tapping markets amid digital media excitement.
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