RockYou settled with Iconix, less than a week after we broke the news of the court injunction filed against the Sequoia startup.
Judge Saundra Brown Armstrong had issued a preliminary injunction that favored Iconix, which formerly employed both Lance Tokuda and Jai Shen, the founders of NetPickle (aka RockYou). She ruled that there is enough evidence to suggest that Iconix owns the IP underlying NetPickles websites, according to court documents.
RockYou had taken $1.5 million from Sequoia Capital, Lightspeed Venture Partners and First Round Capital.Were glad to have it behind us, says Bob Zager, the CFO of Iconix. Hopefully both companies can move on to more productive things.
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