Blog Post

@ D: Calacanis’ New Venture: Mahalo, Human-Powered Search Engine; $16 Million Funding

Stay on Top of Enterprise Technology Trends

Get updates impacting your industry from our GigaOm Research Community
Join the Community!

Jason Calacanis, the former founder of Weblogs Inc (and former CEO of Slicon Alley Reporter, where I worked back in the days), has launched his new company and site: Mahalo.com. It is a “human-powered search engine”, a bit like a new Web 2.0ish version of About.com. People sort through and organize the information in various sections and categories … the company has taken top 10,000 search terms. The company has 40 full-time employees … we raised two rounds of funding: CBS, Burda Media, Sequoia, News Corp, Mark Cuban, and others. (That last group includes Ted Leonsis and Jonathan Miller.)

Staci adds: We’ve been told the funding totals $16 million on a $100 million pre-valuation. One more note: that News Corp. funding is a Jeremy Phillips investment from corporate a la Roo , not Fox Interactive Media.

All the pics from D on the Flickr stream here.

2 Responses to “@ D: Calacanis’ New Venture: Mahalo, Human-Powered Search Engine; $16 Million Funding”

  1. Our company was funded by a "hedge fund" that has not been able to come up with the the "last money required" of $1,700,000 and will lose their "equity" position commensurately. Their $1.7 mm investment would have yielded $25,000,000 during years 2-4 and over $100,000,000 years 4-24.

    Our project is based on a joint venture of 3 old technologies never assembled before. The Government of the Netherlands originally started with one of the technologies and produced a most remarkable end product after spending millions to build and operate a facility for 3 years that was "economically" unviable.

    The addition of the other two older technologies over the past 4 years have ensured that after the $1.7 mm equity investment the returns will be nothing less then the numbers above.

    Now that the "hedge fund" is trying to renegotiate their position I thought I would take the time available to see if their is another interested investor available.

    With the uniqueness of of our project, having an almost 0 "risk" factor and no need for "public banking" or any future raises of capital, I am hoping my time is well spent going back to looking for $1,700,000.