According to AdAge, via Paid Content, Spot Runner is being sued by WPP. Spotrunner is a self-serve TV ad platform.
The company’s investors include:
Since launching three years ago, Spot Runner has raised $111 million from number of investors, including UK media group Daily Mail (LSE: DMGT) and General Trust, Spanish-speaking media giant Grupo Televisa, hedge fund Legg Mason Capital Management, French luxury group Groupe Arnault/LVMH, who were the most recent. Original backers include Allen & Company, Battery Ventures, Capital Research and Management, CBS, Index Ventures, The Interpublic Group, Tudor Investment Corporation as well as WPP.
Adding insult to injury, Spot Runner has had 3 rounds of layoffs.
How does that $111M in funding break down? According to Crunch Base:
- Series A = $10M invested in January 2006
Battery Ventures
Comerica Bank
Index Ventures
- Series B = $40M invested in October 2006
Allen & Company
Battery Ventures
Capital Research and Management
CBS
Index Ventures
Tudor Investments
WPP
Lachlan Murdoch
Vivi Nevo
Interpublic Group
- Series C = $51M in May 2008
Daily Mail and General Trust
Grupo Televisa
Groupe Arnault/LVMH
Legg Mason
That list of investors is almost Madoff-esque, no?
Phillips has designed an intelligent pill, which they call the “iPill,” that can release drugs to certain areas of the body. Equipped with a microprocessor, battery, wireless radio, pump and a drug reservoir, the pill can measure acidity in the gut. These measurements, as well as targeting specific locations in the body, can lead to lower dosages and therefore fewer side effects. Read more…
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