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| LivingSocial Reported Net Loss of $650 Million in 2012 | | Wednesday, January 30, 2013 3:18 PM | Seth Fiegerman |
| LivingSocial's business went deeper into the red in 2012. The daily deals service reported a net loss of $650 million in 2012, up from $499 million the year before, according to a new SEC filing from Amazon, which is a backer of LivingSocial. LivingSocial's net loss widened even as its revenue more than doubled year-over-year. The company posted sales of $536 million in 2012, up from $250 million in 2011.
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| Announcing a Live Chat With Totsy Founder Guillaume Gauthereau | | Wednesday, January 30, 2013 3:09 PM | Scott Gerber |
| Streaming live on Mashable, Totsy founder Guillaume Gauthereau will answer questions from readers at 3 p.m. EST (12 p.m. PST) Thursday, Jan. 31. As part of the Young Entrepreneur Council’s #StartupLab initiative, a virtual mentorship program, Gauthereau will appear live via video chat broadcast on this site. Guillaume Gauthereau is a serial entrepreneur, business leader and socially conscious, green activist.
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| Report: Nest is Shipping 40,000 Thermostats a Month | | Wednesday, January 30, 2013 9:28 AM | Todd Wasserman |
| Nest Labs, the thermostat company founded by the man who is credited with helping to create Apple's iPod, has raised $80 million from investors and is shipping 40,000 to 50,000 units a month, according to a report. GigaOM reports that Google Ventures led the latest round of financing, which gives Nest an estimated $800 million valuation.
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