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	<title>Betabeat &#187; New York&#8217;s &#8216;It&#8217; Startup Throws a Party</title>
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		<title>New York&#8217;s &#8216;It&#8217; Startup Throws a Party</title>

		<comments>http://betabeat.com/2011/01/new-yorks-it-startup-throws-a-party/#comments</comments>
		<pubDate>Fri, 14 Jan 2011 09:08:59 -0400</pubDate>
					<link>http://betabeat.com/2011/01/new-yorks-it-startup-throws-a-party/</link>
			<dc:creator>Adrianne Jeffries</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=670</guid>
		<description><![CDATA[<div id="article_container">
<p><a rel="attachment wp-att-671" href="http://www.betabeat.com/2011/01/14/new-yorks-it-startup-throws-a-party/groupme-logo/"><img class="alignleft size-medium wp-image-671" style="margin: 5px 10px;" title="groupme-logo" src="http://nyobetabeat.files.wordpress.com/2011/03/groupme-logo.jpg?w=300&h=300" alt="" width="300" height="300" /></a>Oh, the lives of the Internet famous. Facebook progeny <a href="http://jumo.com/">Jumo</a> and investor darling <a href="http://groupme.com/">GroupMe</a> pushed their Macs to the wall for a post-holiday party at 113 Spring  Wednesday night, and everyone you follow on Twitter was there.</p>
<p>Entrepreneurs, hackers, investors  and media players hung their  jackets on hooks and availed themselves of booze. Brooklyn Lager and  Magic Hat #9 flowed from kegs, two bartenders poured cups of red and  white wine. At one point, 51 people were checked in on Foursquare.</p>
<p>Foursquare founder Naveen Selvadurai was there, in fact, as was  Mediaite editor Rachel Sklar. Even the elusive 4chan founder Christopher  Poole—his new startup Canvas is based at 113 Spring—was spotted.</p>
<p>The two startups had missed their shot at the holiday party season.  Jumo was heads-down, fixing snags after a bumpy December launch, and  GroupMe was in the enviable position of figuring out how to spend the <a href="http://www.observer.com/2011/media/groupme-raises-106-m-goes-hiring-spree">$10.6 million</a> they had just raised to build out their popular group text messaging  and calling app. Perhaps it was those weeks at the grindstone that gave  the party an air of anarchy.</p>
<p>Michael Galpert of Aviary was complaining about the overabundance of  glass at General Assembly, the chic and secretive coworking space in  Union Square. He walked smack into the glass plate front door, he told a  group of founders who work out of the space, and had to get ice from  Argo Tea. "Let's get vinyl letters and sticker GA on the door," someone  suggested. "Or just break in at night and spray paint it."</p>
<p>Upbeat hip hop thumped from one side of the room while bad karaoke  filled the other. "I've been told to make sure everyone is having fun,"  GroupMe's boy wonder developer Pat Nakajima earnestly told <em>The Observer</em> before he disappeared to sing. Guests took turns delivering painful  versions of Journey, Barenaked Ladies and Nirvana; later, cans of Bud  Light were shotgunned.</p>
<p>"It's like <em>Dazed and Confused</em>," one well-known New York venture capitalist told <em>The Observer</em> as he surveyed the festivities. "I get older, entrepreneurs stay the same age."</p>
<p>"I have a funny story about GroupMe," another local investor and entrepreneur told <em>The Observer. </em>Co-founder  Steve Martocci once flubbed a demonstration of GroupMe's conference  calling ability in front of super investors Chris Dixon and Ron Conway  and pop star Will.i.am, he said. Martocci set up the call but at the  moment when everyone's phone was supposed to ring, there was silence.  "It was really scary, because Mike Arrington was there. Steve was  melting." Finally Martocci gave up. "That's GroupMe!" he said, and  walked off.</p>
<p>GroupMe and Jumo share the third floor of 113 Spring, also the  Buzzfeed headquarters. Jumo, a social network for non-profits and  do-gooders, was born after Facebook co-founder Chris Hughes worked on  the Obama presidential campaign (see Fast Company's cover, "<a href="http://www.fastcompany.com/magazine/134/boy-wonder.html">The Kid Who Made Obama President</a>")  and decided to stay in the change-the-world line of work. Hughes,  impeccable and understated, worked the room, collecting compliments on  his Stephen Colbert appearance the night before. The Jumo team clustered  in a corner by a wall, where the company's to-do list was still spelled  out in sticky notes.</p>
<p>GroupMe's accountant Joey Friedman was in attendance, boasting a GroupMe <a href="http://www.observer.com/2010/media/meet-ny-startups-favorite-symbol-octothorpe">octothorpe</a> on his lapel. He does business development for the Disco Biscuits—he  and Martocci met at Camp Bisco 4—but he's started working with startups  in the New York tech scene. "A friend told me, 'Dude, every startup I  know hates their accountant!'" he said, standing outside, smiling as the  tipsy startup kids smoked and shouted at each other.</p>
</div>
<p><em><a href="http://www.betabeat.com/disclosure/">Disclosure</a>.</em></p>
]]></description>
		<content:encoded><![CDATA[<div id="article_container">
<p><a rel="attachment wp-att-671" href="http://www.betabeat.com/2011/01/14/new-yorks-it-startup-throws-a-party/groupme-logo/"><img class="alignleft size-medium wp-image-671" style="margin: 5px 10px;" title="groupme-logo" src="http://nyobetabeat.files.wordpress.com/2011/03/groupme-logo.jpg?w=300&h=300" alt="" width="300" height="300" /></a>Oh, the lives of the Internet famous. Facebook progeny <a href="http://jumo.com/">Jumo</a> and investor darling <a href="http://groupme.com/">GroupMe</a> pushed their Macs to the wall for a post-holiday party at 113 Spring  Wednesday night, and everyone you follow on Twitter was there.</p>
<p>Entrepreneurs, hackers, investors  and media players hung their  jackets on hooks and availed themselves of booze. Brooklyn Lager and  Magic Hat #9 flowed from kegs, two bartenders poured cups of red and  white wine. At one point, 51 people were checked in on Foursquare.</p>
<p>Foursquare founder Naveen Selvadurai was there, in fact, as was  Mediaite editor Rachel Sklar. Even the elusive 4chan founder Christopher  Poole—his new startup Canvas is based at 113 Spring—was spotted.</p>
<p>The two startups had missed their shot at the holiday party season.  Jumo was heads-down, fixing snags after a bumpy December launch, and  GroupMe was in the enviable position of figuring out how to spend the <a href="http://www.observer.com/2011/media/groupme-raises-106-m-goes-hiring-spree">$10.6 million</a> they had just raised to build out their popular group text messaging  and calling app. Perhaps it was those weeks at the grindstone that gave  the party an air of anarchy.</p>
<p>Michael Galpert of Aviary was complaining about the overabundance of  glass at General Assembly, the chic and secretive coworking space in  Union Square. He walked smack into the glass plate front door, he told a  group of founders who work out of the space, and had to get ice from  Argo Tea. "Let's get vinyl letters and sticker GA on the door," someone  suggested. "Or just break in at night and spray paint it."</p>
<p>Upbeat hip hop thumped from one side of the room while bad karaoke  filled the other. "I've been told to make sure everyone is having fun,"  GroupMe's boy wonder developer Pat Nakajima earnestly told <em>The Observer</em> before he disappeared to sing. Guests took turns delivering painful  versions of Journey, Barenaked Ladies and Nirvana; later, cans of Bud  Light were shotgunned.</p>
<p>"It's like <em>Dazed and Confused</em>," one well-known New York venture capitalist told <em>The Observer</em> as he surveyed the festivities. "I get older, entrepreneurs stay the same age."</p>
<p>"I have a funny story about GroupMe," another local investor and entrepreneur told <em>The Observer. </em>Co-founder  Steve Martocci once flubbed a demonstration of GroupMe's conference  calling ability in front of super investors Chris Dixon and Ron Conway  and pop star Will.i.am, he said. Martocci set up the call but at the  moment when everyone's phone was supposed to ring, there was silence.  "It was really scary, because Mike Arrington was there. Steve was  melting." Finally Martocci gave up. "That's GroupMe!" he said, and  walked off.</p>
<p>GroupMe and Jumo share the third floor of 113 Spring, also the  Buzzfeed headquarters. Jumo, a social network for non-profits and  do-gooders, was born after Facebook co-founder Chris Hughes worked on  the Obama presidential campaign (see Fast Company's cover, "<a href="http://www.fastcompany.com/magazine/134/boy-wonder.html">The Kid Who Made Obama President</a>")  and decided to stay in the change-the-world line of work. Hughes,  impeccable and understated, worked the room, collecting compliments on  his Stephen Colbert appearance the night before. The Jumo team clustered  in a corner by a wall, where the company's to-do list was still spelled  out in sticky notes.</p>
<p>GroupMe's accountant Joey Friedman was in attendance, boasting a GroupMe <a href="http://www.observer.com/2010/media/meet-ny-startups-favorite-symbol-octothorpe">octothorpe</a> on his lapel. He does business development for the Disco Biscuits—he  and Martocci met at Camp Bisco 4—but he's started working with startups  in the New York tech scene. "A friend told me, 'Dude, every startup I  know hates their accountant!'" he said, standing outside, smiling as the  tipsy startup kids smoked and shouted at each other.</p>
</div>
<p><em><a href="http://www.betabeat.com/disclosure/">Disclosure</a>.</em></p>
]]></content:encoded>
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