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Online chat and cyberevent listings site Yack! today will announce that it has secured $18.5 million in new financing from a roster of venture capital firms, including Information Technology Ventures, the Mayfield Fund, Weiss, Peck & Greer and Blue Chip Venture Company, according to Yack! co-founder and executive producer Farhan Memon. In addition, the company will announce today that Jeff Morris, a former Showtime Networks executive, is joining Yack! as chief executive officer. Three-year-old Yack! has offices in New York and San Francisco.
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