Saturday, July 24, 2010

WSJ // Venture Capitalist's New Frontier: Where Cellphones Meet Retailing

Reid Hoffman, the Silicon Valley entrepreneur who put money early into hot start-ups like Facebook Inc. and online gaming company Zynga Game Network Inc., now has his eye on the intersection of mobile phones and bricks-and-mortar retailing.

His latest bet as a partner at venture capital firm Greylock Partners is on Shopkick Inc., one of a number of young firms hoping to turn cellphones into tools for spurring sales. Mr. Hoffman, who joined Greylock last November, is leading its $15 million investment in the company and taking a seat on its board on behalf of his firm.

Founded in June ...

http://online.wsj.com/article/SB10001424052748704682604575369280772359018.html?mod=djem_jiewr_swwps_072210

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