shameless rumormongering

Rumors & Acquisitions: Rushed Edition

rumormonger2 Rumors & Acquisitions: Rushed EditionBETAWORKS. Has a new filing with the SEC indicating $7.8 million of a $15 million offering in options and warrants raised. Does this have to do with Betaworks’s evolution from a fund/incubator into “a true company, not a fund,” as per John Borthwick’s recent letter to investors? The filing indicates a reinvestment of money paid out to investors in dividends, John Borthwick said, so the filing doesn’t represent a new round; and the amount being reinvested is actually closer to $10 million.

STEALTH TOWN. What is fiftythree.com? Sources say a local VC is leading their round. The web offers no clues, their Twitter page doesn’t work, and we haven’t received an email from their stealthy splash page. Things that are 53: a bank and savings and loan holding company, the We Are the 53 percent meme, and the Year of the Consulship of Silanus and Antonius.

FALLTHROUGHS. Dave Lifson’s Postling was on the verge of closing an acquisition, sources told Betabeat, expected to close in the next several weeks. But just as investors started to do the exit victory dance, the buyers dropped out. The company is “talking to a couple other suitors at this point,” a source said.

ROCKSTARS.  Hacker School and General Assembly’s Career Fair both required applications, and not everyone is getting accepted. “I’m getting the idea that this is a closed economy where the same 100 Ruby coders are just getting passed around from seed company to seed company,” wrote on disgruntled coder. “I don’t see anyone hiring in the middle range… everyone wants just the ‘rockstars.’ I remember this anytime a founder starts saying in a public forum, “All you have to do to get a job is… ‘what, be rich, white, and have gone to MIT?’”

THRIVING! Thrive Capital has been quiet lately, one source noted; they had the GroupMe acquisition, and not much has been heard from them since. Perhaps it’s because the boutique investment firm just slipped into a fancy new office? Moving can be a bitch. UPDATE: A source points out what a quick Crunchbase search would have shown: Thrive has put money into Dispatch.io, Art.sy, Codecademy and Warby Parker, among others. Guess the rumor roundup was too quick to start the weekend; we also forgot to put a title on this post (fixed that).

Disclosure.

Follow Adrianne Jeffries on Twitter or via RSS. ajeffries@observer.com

Comments

  1. mhamrah says:

    The need to find “Rockstars” is a cop-out by people that can’t gauge and foster talent from their employees or their applicants.  There are too many labels; I love the ad that ask for “n number of years programming y” where y didn’t even exist last year.

  2. mhamrah says:

    The need to find “Rockstars” is a cop-out by people that can’t gauge and foster talent from their employees or their applicants.  There are too many labels; I love the ad that ask for “n number of years programming y” where y didn’t even exist last year.

  3. mhamrah says:

    The need to find “Rockstars” is a cop-out by people that can’t gauge and foster talent from their employees or their applicants.  There are too many labels; I love the ad that ask for “n number of years programming y” where y didn’t even exist last year.

  4. mhamrah says:

    The need to find “Rockstars” is a cop-out by people that can’t gauge and foster talent from their employees or their applicants.  There are too many labels; I love the ad that ask for “n number of years programming y” where y didn’t even exist last year.

  5. I looked at Hacker School recently. It’s a great resource for the very experienced but you already have to be very active and experienced in coding… you are basically already a hacker if you get in. 

    Is that going to help bring new souls into the job market for startup coders? Well, no, not really, but it’s still a resource for particularly talented individuals to use.

    Where your opinion lies on that matter depends on who you think needs the most help: guys who are REALLY good at what they do, or any of the 800,000 S-O-L unemployed people out there who’d happily learn a new trade as long as it didn’t involve paying a university $30-40k for the privilege. 

    1. Mike Caprio says:

      Lucky for them, I’ve open culture licensed (CC-BY-SA) my intro to computers & programming workshop here (links at the bottom): http://mikecap.squarespace.com/blog/2012/1/30/on-teaching-and-inspiration.html