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06 Dec 2011 19:59

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Tech: Pinboard founder: Free Web apps suck because they get acquired

  • What if a little site you love doesn’t have a business model? Yell at the developers! Explain that you are tired of good projects folding and are willing to pay cash American dollar to prevent that from happening. It doesn’t take prohibitive per-user revenue to put a project in the black. It just requires a number greater than zero.
  • Pinboard founder Maciej Ceglowski • Offering a rarely-heard take on the free-Web-app movement — that startups without business models are only hurting end-users, an argument that’s fresh in the minds of some after Gowalla’s staff got acquired by Facebook, but not its product. (This is a pain we know all too well, thanks to the pending death-by-acquisition of Apture and our scramble to replace it.) And in case you’re wondering, Ceglowski follows his own advice — he charges a one-time $9.55 fee to join his Delicious competitor. We’re with him (though we’re not opposed to the freemium idea that sites like Reddit use). We’ll gladly pay a $10 one-time fee to use a product if it means the product’s still going to exist in three years. source
Posted by Ernie Smith • 0 Comments • Permalink

26 Sep 2011 11:31

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Tech: Tumblr scores another massive funding round, making them super-rich

  • $85 million amount raised by Tumblr in a funding round just today
  • $30 million amount raised by Tumblr in a prior funding round earlier this year source
  • » Total funding? $125 million: With a growing, increasingly diverse audience, Tumblr’s latest funding round could help the brand blow up to new heights and in new directions. It’s happened pretty fast, too. Well, at least that’s what founder David Karp thinks: “Tumblr has come far since we began our journey. From the early users signing up to easily share all of the things they cared about, to the global community today where creators have an incredible opportunity to reach an audience of hundreds of millions, it’s been a remarkable four years.” Suggestion to David and Tumblr: Don’t get all Scrooge McDuck on us and start swimming through the funding round. NYC doesn’t have enough space for a giant money bin anyway. Instead, focus on uptime, possibly buying Missing e from Jeremy Cutler, and giving content creators a way to turn their hard work into more than just a hobby.
Posted by Ernie Smith • 0 Comments • Permalink

10 Sep 2011 13:32

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Biz: Early Web 2.0 site Meetup describes its roots — in September 11, 2001

  • One of the first real sites to take on social media in a tangible way — where it encouraged offline interaction as much as online — was Meetup, which started up nearly a decade ago. The roots? September 11, 2001. Really. “A lot of people were thinking that maybe 9/11 could bring people together in a lasting way,” noted CEO and co-founder Scott Heiferman. “So the idea for Meetup was born: Could we use the internet to get off the internet — and grow local communities?” Nine months later, a site which has proven an important tool for social and political organization went online, turning a negative into a positive — and likely building the roots for many social media sites that came after. A fascinating story. source
Posted by Ernie Smith • 0 Comments • Permalink

15 Jan 2011 21:02

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Tech: Worst startup angle: Naming your wannabe hip startup “Hipster”

  • 10,000 wannabe hipster signups so far source
  • » A really clichéd calling card: While not giving much away, the use of UseHipster.com appears to be ironic. Some might even say … detached. All that exists is a startup page of an aerial urban image that changes based on your proximity to NYC or San Francisco (or Atlanta or Chicago … The Washington Post lied! – thanks lemonpeelclock) – the two cities where whatever idea they have is going to launch. “I think we might have perfected the viral ‘Coming Soon’ page,” said founder Doug Ludlow, who is wrong.
Posted by Ernie Smith • 0 Comments • Permalink

30 Dec 2010 12:26

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Biz: Groupon founders cash in big time with latest financing round

  • $950M the size of Groupon’s current funding round, started this week
  • $500M of that funding has already been raised (impressive!)
  • $345M of that total is going to founders and existing shareholders  source
Posted by Ernie Smith • 0 Comments • Permalink

29 Dec 2010 01:14

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Biz: After spurning Google, Groupon plans massive financing round

  • $950
    million     the amount in financing that the IPO-pondering Groupon wants
  • $7.8
    billion     the value of the company based on that financing round source
Posted by Ernie Smith • 0 Comments • Permalink

21 Sep 2010 23:52

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Tech: Michael Arrington doesn’t need on-the-record sources, thank you

  • This is a difficult post to write, because I call nearly every person in that room a friend. But these actions are so completely inappropriate it has to be called out.
  • Michael “something happened somewhere” Arrington • Describing a situation which potentially sounds very damaging to a number of angel investors in Silicon Valley. The way Arrington describes it, and he was careful not to name names, was that a group of investors were discussing ways to wield their collective influence to prevent venture capitalists from swooping in, or Y Combinator from getting too much power in the startup sphere. If true, these acts are illegal. Arrington reportedly heard about the discussion, showed up, and watched the room go quiet on him. Caught? source
Posted by Ernie Smith • 0 Comments • Permalink
 

26 Aug 2010 12:56

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Tech: Facebook thinks you shouldn’t use “-book” in your company’s name

  • We’ve been sitting here scratching our heads for the last couple of days. We’re trying to understand how Facebook, a multibillion-dollar company, feels this small enterprise in Chicago is any type of threat.
  • Teachbook managing director Greg Shrader • In disbelief that Facebook would bother to sue its company. Facebook, which is 84 percent owned by some guy who sells wood pellets, is suing the teaching management resource company because that’s what Facebook does. Any sympathy about the 84 percent lawsuit or the coke-stained movie just went out the window, kids. source
Posted by Ernie Smith • 0 Comments • Permalink

11 Apr 2010 21:05

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Tech: Twitter app developers starting to get annoyed by the mothership

  • When we launched, Twitter was incomplete, so developers rushed to fill those holes, but eventually we’re going to have to build a lot of features in because they should be there. We want to set those expectations.
  • Twitter co-founder and chief executive Evan Williams • Regarding the company’s push to build out that infrastructure that app developers had previously built out for the company. Now that the company’s large enough to buy or build some of those apps themselves, it’s causing a bit of nervousness amongst developers. Many are excited about/dreading Twitter’s Chirp conference this week as a result. source
Posted by Ernie Smith • 0 Comments • Permalink

26 Feb 2010 14:45

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Biz: Google’s rich employees are paying their money forward

  • 200 Google-worker-rooted startups since 2005 source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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