Posts with tag LMT
Posted Aug 23rd 2007 11:35AM by Tom Taulli
Filed under: Investments
Founded in 2000, SelectMinds' original mission was to develop an online system for alumni. Well, it hasn't gained much traction. Besides, Facebook is the dominant player in the academic space.
Well, SelectMinds is taking another tact. The company is developing a system to allow for social networking in the corporate environment.
In fact, this week the firm
obtained $5.5 million in venture capital. The investor is the venerable Bessemer Venture Partners.
Actually, SelectMinds has snagged some top customer references like
JPMorgan Chase (NYSE:
JPM),
Lockheed Martin (NYSE:
LMT),
The Dow Chemical Company (NYSE:
DOW), and Ernst & Young.
I had a chance to interview Robb Hecht, who is an expert on social networking and operates
MEDIA 2.0. According to him:
Continue reading SelectMinds gets $5.5 million investment
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