Felicis Ventures raises a new $70 million seed fund

Felicis Ventures, a Palo Alto, Calif.-based venture fund started by early Google employee Aydin Senkut has raised a new $70 million fund. The investment group is well known for its investments in Angry Birds’ parent, Inkling and Shopify. This is their second institutional seed fund.

Ownlocal scores funds to get small firms online

Even today, millions of American businesses are still offline — a situation that Texas startup Ownlocal is hoping to change, with new money and a fresh plan that could even help prop up embattled media companies along the way.

FriendFeed. More Like (Fake)FriendFeed

Recently the social web has begun to morph into something altogether different from what it promised to be. The latest example is life-streaming service FriendFeed, which is offering up well-known Internet personalities as “friends” its users can choose to follow.