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Amazon.com gets a $4 million piece of Woot [Exclusive]

January 11th, 2008 at 5:02 pm

Source:Valleywag

valen.jpgToday’s Examiner features a front-page story on Moose’s, the recently remodeled North Beach bar-with-a-very-nice-restaurant-attached that Valleywag has taken over as our Friday happy hour spot. Co-owner and bar dominatrix Valen “rhymes with Van Halen” West lets Owen park his PowerBook right where 20th-century gossip legend Herb Caen’s typewriter used to be. I’ll be there, too, with a couple extra pairs of sunglasses in case you forgot yours. 4 p.m. until Owen’s corporate card maxes out. 1652 Stockton Street on Washington Square. Valet parking for Valley people, or the 9X/30/45 lines for Munitards. (Photo by Jason Steinberg/San Francisco Examiner)


Source:Valleywag

thepiratebay.jpgA constant thorn in copyright-holders’s sides, The Pirate Bay is finally taking on water. Swedish authorities, aided by evidence gathered during a 2006 raid, are preparing legal battle against captains Fredrik Neij and Gottfrid Svartholm for “conspiracy to breach copyrights.” Although Pirate Bay doesn’t actively host files, it indexes shared BitTorrent files, which in Hollywood’s eyes makes it equally culpable. The founders are confident they’ll win. The prosecutor, Hakan Roswell, is confident that even if they lose, it “wouldn’t stop the service.” Of course. If Sweden cracks down, the pirates will just seek less-hostile waters.


Source:Valleywag

Woot!Valleywag has learned that Amazon.com has invested $4 million in sale-a-day e-commerce site Woot. The deal gives Amazon right of first refusal to buy the company should Woot hit certain unnamed sales targets, want to go public, or sell to another company. For the most part, the companies operate independently. But there’s more to Woot, and its ties to Amazon, than meets the eye.

The company has an extensive back-end sales and distribution network, buying and selling closeout goods to other companies in the industry, including finding items for Amazon to sell on its Gold Box promotion site. It’s expanding into T-shirts and wine, as well. Its fulfillment operations are large and sophisticated enough to qualify for FedEx and USPS’s SmartPost service (though plenty of users have complained about missed SmartPost deliveries, so that’s nothing to brag about). Perhaps the most astounding tidbit of information we got? Woot gets 250,000 views in the first three minutes after midnight from consumers looking to grab the next new item for sale.


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