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startup rundown

By Myles Tanzer 11/21 12:37pm

startup rundown

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Startup News: Ev Williams Hires a Literary Darling and Branch Finally Lets You Bro Out

Power Literary Hire: Twitter cofounder Ev Williams’s new publishing tool, Medium, just added an impressive member to its team. Kate Lee, a former literary agent from International Creative Management (ICM), has joined Mr. Williams’s startup as the director of content. Ms. Lee was responsible for plucking several bloggers out of obscurity and giving them book deals. The Observer announced her leave from ICM back in April. In a blog post on the site, Mr. Williams described her job as “encouraging, soliciting, commissioning, and contextualizing interesting ideas, authors, and institutions” and noted that she would be building a small team in New York to help her do that.

Branch Finally Lets You Hang Out With Your Friends: Branch, the social conversations site, just launched a groups feature yesterday. In an email to Betabeat, Branch cofounder Josh Miller described it as “Branch’s equivalent of a Follow button.” The idea was inspired by the conversations that people have at dinner parties, in which smaller groups form to discuss topics that they care about. On Branch, these groups can be added into a conversation. Branch’s example site includes a group featuring Mr. Miller, Medium’s Ev Williams, John Borthwick from Betaworks, Michael Sippey from Twitter and Facebook’s Sam Lessin. These groups have a possibility to create Bloods and Crips-like warfare in tech. Choose sides wisely. Read More

By Myles Tanzer 11/14 1:40pm

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Startup News: Etsy Goes Big for Christmas and Bloomberg Giving Away Big Prize to Makers

Lots Of Tiny Wicker Puppets Sold Etsy CEO Chad Dickerson took to the company’s blog to address his craft-obsessed minons and report big new numbers. Etsy recently hit 20 million members across over 200 countries. In the first week of November, they passed the $700 million sales mark and their direct checkout system has now processed over $100 million in transactions. By the end of the year, Etsy projects that it will have sold over 100 million items in the company’s history.

The company is also going all out for the holiday season and expects to have its best month yet. It’s running a multi-million-dollar online advertising campaign and opening a Etsy Holiday Shop in SoHo from November 29th through December 8th. SoHo though? Isn’t Greenpoint or Williamsburg more on target with the Etsy brand?

Chu Bets Against Zynga Betable has already announced partnerships with big game companies and is right on the path to become the Spotify of online gambling and pass its closest rival, Zynga. Ya-Bing Chu, a former VP and GM of Zynga’s mobile division, has now joined Betable as the company’s new Chief Product Officer. At Zynga, he was responsible for operating Words with Friends and Scramble with Friends. Mr. Chu explains the move in an essay on Betable’s blog, where he says, “I realized that Betable was the only frictionless way to enter the real money market, which is revolutionary.” Read More

By Myles Tanzer 11/07 1:40pm

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Startup News: Foursquare Plans Yelp’s Obsolescence and Brooklyn Tech Triangle Meets Its Maker

Checking In to the New Yelp Foursquare already set its sights on overtaking Yelp with the launch of its super useful local search engine. But its newest iOS update really goes for the jugular: Foursquare now gives locations a 1-10 rating to show you how much people actually like it, instead of the app’s old star rating system. Per the Foursquare blog, the rating is calculated by an amalgamation of “tips, likes, dislikes, popularity, loyalty, local expertise, and nearly 3 billion check-ins from over 25 million people worldwide.” Yelp is going to have to do better than Ernest Hemingway to keep up.

Do-Gooders Keep On Doing Good The New York tech community has banded together over the last week to help victims of Sandy. And now Rain NYC and TelAPI are co-sponsoring a hackathon in conjunction with the Node.js Knockout to build applications that will help future disaster relief efforts. It’s a 12 hour competition and teams will be responsible for building telephony applications that hopefully will improve communication or information dissemination when there’s limited electricity and power. Read More

By Myles Tanzer 10/31 5:10pm

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Startup News: NASA Images of Sandy Sold for Charity and Boxee Comes to a Walmart Near You

Ceci N’est Pas Une Sandy The affordable-art-dealing website 20 x 200 is now selling a print of a NASA satellite image of Hurricane Sandy. All proceeds from the sale will go to the Red Cross to help relief efforts. The striking image was taken at 9:02 a.m on Sunday, approximately 10 hours before NYC’s MTA shut transport service down throughout the tristate area. Hang it above your couch of a constant reminder of the grander universe and just how much you appreciate your wifi.

More Money, More Fancy Fancy, Pinterest’s cooler older brother, has raised just over $26 million in additional funding. New investors include Celtics owner Jim Pallotta, Twitter and Square cofounder Jack Dorsey and Edward Gilligan, the vice chairman of American Express. This also ruins rumors that Apple was planning to acquire the company. No word yet on what their favorite user, Kanye West, thinks of the new influx of cash. Read More

By Myles Tanzer 10/24 12:52pm

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Startup News: Bloomberg Wiring up NYC and Canadians Make Sweet Love to Songza

Time Warner Still Sucks On Friday, Mayor Bloomberg made a big move toward ing promise to expand broadband in New York. He launched ConnectNYC, a contest for small businesses that will award free fiber cable wiring (overall value of up to $12 million) to 240 local businesses across the five boroughs over the next two years. But will it make slow cashiers go faster?

All Your Dwollas Belong To Us Dwolla, the way to pay people via smartphone, just rolled out a cool feature called MassPay. It allows you to pay up to 2,000 people at once, which is great for business owners or degenerate gamblers who have a lot of friends. Payments under 10 dollars are free, while anything higher than that requires a small fee of 25 cents per transaction. Parking Panda, VHX and Major League Gaming have all pledged to start using the service immediately. Read More

By Myles Tanzer 10/17 2:16pm

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Startup News: Braintree Gets a $35 M. Boost, TED Gets Trippy, and Real Estate Gets Gamified

Brain Boost This morning, Braintree, a Chicago-based online payments company announced, a $35 million series B round of funding. The round was led by New Enterprise Associates (NEA). By investing in Braintree, new investors join Accel Partners and others and the company’s total funding is now set at $70 million.

Braintree acquired the beloved bill splitting app, Venmo, back in August and has kept it independent so far. Braintree allows businesses to accept payments from costumers, but Venmo allows consumers to make payments to anyone. It’s a natural fit for both parties.

Braintree’s client list includes fast-growing startups like Uber, Fab.com, Airbnb, who use it, “through periods of rapid growth without disruption to their ability to accept payments,” the company said in an email to Betabeat. They also name-checked competitors like Stripe and PayPal, noting that one “big difference is that merchants receive their funds typically in two days with Braintree, vs. seven days with Stripe.” Read More

By Myles Tanzer 10/10 11:40am

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Startup News: Lerer Ventures Looks for a Hustler, Branch Steals From Twitter, BaubleBar Gets Brick and Mortar

Non Hustlers Need Not Apply Lerer Ventures is looking to hire a new analyst. The job requires one or two years of experience at a venture backed startup or major tech company. You have to also be “a sweet and cool person,” so no mean losers need apply. According to the listing, they’re looking for “A hustler and/or hacker who works smart.” We’re sending this to Cassidy right away.

Playing Hooky Not Cool On Friday, AT&T and NYC Digital will kickoff a hackathon designed to help Mayor Bloomberg’s Truancy Task Force. Designers and coders will be given the challenge to create a mobile app to keep kids in school. The first prize is pretty sweet and includes $2,500 in Gift Cards for the team to split, a $5,000 donation from AT&T to the team’s choice of non-profit organizations, and one year of the ”Small” service from Github for each team member. No word on whether college dropouts are allowed to compete. Read More

By Myles Tanzer 10/03 12:24pm

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Startup News: David Karp Goes Native, Netflix for Real Life, Digg Is Reborn (Again)

Among the Natives David Karp put on his salesman hat this week and preached the Tumblr gospel in front of execs at an Advertising Week event. Karp pushed his company’s new approach to “native” non-intrusive marketing. He went as far as to call Tumblr the “brave new world.” The site now nets 27 million visitors a month and is expected to release some sort of earnings report this week, six months after ads started running on the site.

Pass The Popcorn MoviePass, a subscription service for unlimited movie-going, launched today, but is still invite-only. The app lets you check into a movie theatre, which then unlocks your MoviePass card. You pay at the credit card ticket kiosk using your MoviePass card, like you would with an ordinary card. The service is starting out at $29.99, which makes it a steal for New Yorkers because that’s a little under the price of two movies with popcorn in Manhattan. Read More

By Myles Tanzer 9/26 11:00am

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Startup News: Barry Diller Brings Back the Big Dog and Lauren Conrad’s Site Is Sold

Healthy Hills? Everyday Health, the SoHo-based and more successful version of WebMd, has acquired EQAL, the creators of Lonelygirl15 and the owners of LaurenConrad.com. Everyday Health’s ad revenue grew 40 percent in the first quarter, compared to WebMD’s decline of 20 percent. This coincides with Everyday Health’s announcement that they’re moving beyond YouTube and launching a version of it’s web show “Recipe Rehab” for ABC stations around the country.

Diller Brings Back Dog Ben Silverman’s multimedia entertainment studio Electus, part of Barry Diller’s IAC, just sold ten episodes of a new show starring Dog the Bounty Hunter and his wife Beth to CMT. “Dog and Beth are not only great television characters,” said Electus CEO Chris Grant, ”They are the best bounty hunters in the world, and this show is a natural evolution of their life story.” Read More

By Myles Tanzer 9/19 4:00pm

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Startup News: David Karp And Rachel Sterne Get Judgemental and Louis C.K. Inspires a Startup

Game Over? There seems to be a mass exodus at Zynga. It was reported yesterday that Wilson Kriegel, the former chief revenue officer of Omgpop, has now left the company. In the last 30 days, the company has lost its COO, CCO, and two vice presidents. Maybe it’s time for them to “draw something” different, like a new management plan.

A New Hope? In much better Zynga news, the company has partnered with Food Network’s Robert Irvine to help beef up its Chefville game. Mr. Irvine has introduced a series of challenges to help improve the game where you run your own restaurant. “I couldn’t be more honored to have an avatar of myself and Restaurant: Impossible be a part of ChefVille,” Robert Irvine said in a press release. “As we lend insight to players on what it takes to create their dream restaurant while earning my approval.” Read More

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