San Francisco - Dizzywood announced on Friday that it has raised a $1 million first round of funding, which it will use to help launch its 3D virtual world and online game platform for kids ages 8-12.

Sausalito, Calif. - Former CNET Networks CEO Shelby Bonnie, who resigned last year amid the company's stock options backdating investigation, on Tuesday announced the launch of his new venture, a non-partisan politics information site called Political Base. The ad-supported site will emulate the wiki format where any user can contribute, and focus on providing information on national, state and local elections and candidates. "We've made a database of people. We've made a database of issues. We've made a database of advocacy groups. We've used the (Federal Election Commission) data," Bonnie told CNET News.com. Along with Bonnie, Political Base is also staffed by former CNET employees Mike Tatum, David Snider, Ethan Lance and Andy McCurdy.