New Fundinistas: Glam Media and Revolution Money

Glam Media, an online advertising network, has managed to raise another $10 million in funding, this time from Japanese investor Mizhuo Venture Capital. Glam has raised a total of $124.2 million in five rounds of funding, thus qualifying it as a “fundinista.” In case you’ve forgotten, fundinistas are those companies relentlessly raising venture capital dollars. To that list we’re also adding Revolution Money, which has raised $42 million in new funding from Goldman Sachs. That’s on top of the $50 million already invested in this payments firm, whose main competitor is PayPal. Previous investors include ex-AOL Vice Chairman Ted Leonsis and some former Wall Street chief executives. For both of these fundinistas, I have two words: Good luck!