TripIt Raises $7M for Travel Logistics

TripIt, the handy travel tool, has raised $7 million in a third round of funding led by Azure Capital Partners and O’Reilly AlphaTech Ventures. The company recently ventured into the enterprise market, enabling users to contribute their itineraries to a company group.

AMEE Raises $5.5M for Carbon Accounting Engine

The end goal of AMEE is for everyone and every organization to know their complete energy use, or their “energy identity,” explained Gavin Starks, CEO of the web services platform that helps track and measure carbon consumption, at our Green:Net 2009 conference last year. To help reach that vision and expand the amount of enterprise carbon accounting firms that use its engine, AMEE has been raising funding and this morning announced that it has raised $5.5 million in a Series B funding round led by Amadeus Capital Partners and including O’Reilly AlphaTech Ventures and Union Square Ventures.

AMEE, which originally stood for Avoiding Mass Extinctions Engine, was launched by Starks back in 2007 and has now amassed a customer list including the UK Government’s Department of Energy and Climate Change (DECC), SAS, Morgan Stanley, Google (s GOOG), Radiohead and Sun (s JAVA). AMEE’s platform is an open API that aggregates the information needed to monitor carbon emissions and perform carbon calculations for the user. By using a standard methodology and set of data to measure carbon footprints, AMEE can make this nascent practice more reliable, trusted and transparent and perhaps one day lead to the integration of validated carbon information into profiles of everything from goods to actions to people.
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F|R: The 9 Signs of a One-hit Wonder

Many entrepreneurs fear being a flash-in-the-pan success — achieving an exit once, but never again. (Some might call this being lucky rather than good.) But while the allure of success inspires us to do great things, achieving it can have an ugly aftereffect: complacency. Vigilance, my friends, is the only path to serial-founder bliss. Here, in descending order, I offer nine leading indicators that you’re headed for one-hit wonderdom.

9. You went and got all tricked out.
I mean with your next business, not your fashion sense. But remember how you got your first hit — with a kindergarten-level UI that any neophyte could comprehend. Sure your friends called you Forrest Gump and sneered that you were lucky; that’s their problem. Trying to prove to your friends that you’re really, truly smart isn’t good business. Delivering a simple, usable concept that solves problems and makes money is. Read More about F|R: The 9 Signs of a One-hit Wonder