The well-publicized iFund of Kleiner Perkins which is looking for iPhone applications and developers, is investing an undisclosed amount into the stealth gaming startup ngmoco, which is founded by ex-EA person Neil Young (no, not the rock star).

While sitting pretty on a cash pile of about $12.7 Billion dollars, Google is extending into the VC market with a big fund (amount unknown) and led by senior vice president David Drummond and entrepreneur William Maris to scour for the next big idea.

Vishal Gondal minted money when he sold his online gaming company Indiagames first to Chinese gaming giant Tom Online and later to UTV Software Communications, has launched a new venture called Sweat And Blood Venture Group.

Without providing any application to download, making it easier, startup Moblyng is offering a mobile destination where any user can view the most popular content (videos, slide shows) being shared across various media sites like MySpace and YouTube, via Moblyng users’ mobilizing Web profiles.

Quick - which is the fastest growing social network (aimed at teens) in the world? Facebook? Nah. It's MyYearbook which just raised $13 Million from Northwest Venture Partners. In US, MyYearbook attracts around 10 million visitors a month while Facebook attracts over 35 million and MySpace has close to 70 million.

Billing itself as Silicon Valley's first internet phone company, Ribbit's chief Ted Griggs is a happy man. BT is buying this startup for about $105 Million and Ribbit is all happy and gushing at this acquisition. BT is aiming at the bigger guns like Android and Skype with this in their kitty.

Joining a host of eco startups like ComVerge, Eka Systems, Silver Spring Networks, Trilliant and others, Tendril Networks is introducing new devices and gizmos for the consumer market to tap into the eco conscious consumers and provide ways to minimize their carbon footprint.

Branchburg, NJ based solar startup Voltaix has received $12.5 Million in funding from Intel Capital. The company manufactures electronic chemicals and gases for chip applications. It also makes CVD precursors for production of advanced photovoltaic cells.

Yet another online video startup struggling to find its business model is in the news - Mogulus is said to have secured a funding of $10 Million from Gannett, which also happens to be its biggest customer. So will this infusion make a difference is the big question here.

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Attention entrepreneurs dealing with the current economic downturn: This interview is for you. After working as a journalist for Jason Calacanis at Silicon Alley Reporter, Rafat Ali ended up broke in a market with a dearth of employment opportunities. To try to find a new job, Rafat created paidContent.org as an "interactive resume." Luckily, no one hired him. From these humble beginnings, Rafat bootstrapped his blog holding company, ContentNext Media, for four years before taking a small investment from famed media investor Alan Patricof in June 2006. From its inception paidContent has doubled revenues each year and was recently acquired by UK-based Guardian Media Group for a rumored $30 million. Listen in as Rafat outlines the past, present, and future of online media, while sharing his war stories from another uncertain economic time.