Rumors today that LA-based Buzznet has bought Qloud for "slightly more than Qloud's last round valuation". I don't remember what Qloud's last round valuation was, I will have to go see if I can find it mentioned online somewhere.
Congrats to Mike & Toby, I hope this is a good thing for them and their company. Selfishly, I also hope they get to keep their office in DC as I'm a big fan of the growing digital media startup landscape in this area.
I keep going back to my predictions a couple of months ago, and I'm looking pretty good so far (one quarter into the year)...
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