What do you think about when you hear the phrase “online advertising” or “big data”? How about “social network”? Do visions of hoodie-wearing young entrepreneurs dance through your head? Each of these are massive parts of the startup tech sector. In 2012, online display advertising was $12 billion; big data has become the new hot sector for venture capital with over $5 billion of investments over the last five years; and Facebook has now passed 1 billion active monthly users. [keep reading]
In the world of the interwebs there exists a brand. The name of this brand is MojoMotors.com and the goal is help shoppers buy used cars. They take this very seriously. So seriously, in fact, they have not only signed up over 25,000 shoppers for their website, but closed $3 million in funding. The funding will allow the web-based startup to expand and help even more used car shoppers find discounts at local dealers and receive alerts when prices drop on the cars they like.