startup rundown

Startup News: Angel Investors Now Live In College Dorms, Cable Becomes More Irrelevant, and Bloomberg Loves Nerds

A not-so fun summer QAmp and aggregation gets taken to another level.
logo Startup News: Angel Investors Now Live In College Dorms, Cable Becomes More Irrelevant, and Bloomberg Loves Nerds

Photo: Dorm Room Fund

Because Angel Investors Can Live In Dorms Too The New York tech scene can never have too many venture capitalists, but sometimes it can be difficult for student entrepreneurs to bridge the age gap between themselves and their investors. Enter the Dorm Room Fund, an investment team started by firm First Round Capital, which is run and composed entirely of students. With $500,000 provided by First Round, the student members of the Dorm Room Fund can choose which student projects to invest in, as well as who will be accepted to be a board member of the investment team when other members graduate. After last year’s debut in Philadelphia, the Dorm Room Fund is expanding to New York, and will be accepting applications to its board from Columbia, NYU, Princeton, and Cornell’s tech campus until March 11, and has already begun accepting applications for student startups seeking investment at these schools.

Warby Parker Gets Another Round of Funding With Google Glass on everyone’s mind, the news of online eyewear distributor Warby Parker’s new funding successes was a little swept under the rug. But Monday’s announcement of new investments from American Express and J. Crew chief executive Millard S. Drexler is just another sign that the New York startup, which lets you “try on” glasses online, could be a serious challenger to the physical eyewear market. Wonder who might want to partner with them? (Hint: we already mentioned them.)

Once Again, Please Stop Paying For Cable If you’re a twenty something New Yorker, chances are that somewhere along the way to your $12oo-a-month Bushwick apartment you sacrificed paying for cable. Well you can stop pirating all your favorite shows, because Aereo announced on Monday that it’s expanding its live video streaming service beyond the five boroughs to more than 19 million people in the surrounding New York metropolitan area. The cloud/DVR’s access area will now encompass 29 counties in Pennsylvania, New Jersey, Connecticut, and New York. The company will also be rolling out a new multi-million dollar ad campaign in the New York area, highlighted by the tagline, “Live TV. Online. No Cable Required.” Although only 30 channels are provided now, the company hopes to rapidly expand in the near future.

This Definitely Isn’t Your Childhood Summer QAmp Although its not always the flashiest part of a tech company, the quality assurance (QA) section is necessary for any tech company wishing to release a quality, glitch-free product. And to that end, SummerQAmp, an education initiative started by a number of companies, will return this summer to provide students with internship opportunities at tech companies across the country in the field of quality assurance. The QA department is often viewed as just a place for product testing, but SummerQAmp aims to change that. Of course, no matter how you spin it, an internship consisting of continuously opening and closing an app doesn’t exactly sound like a dream vaca.

Aggregation Just Got Even More Ridiculous With Movie App “Clinch” If you’ve never heard of Clinch, the movie making app, which was released last year, creates films using a users’ video and combining it with multiple sources such as other users’, media. Well now Clinch will be updating their app this Monday with a new user interface that focuses on integrating videos and photos from Twitter, Facebook, and other social media sources, as well as improving upon its proprietary algorithms for creating spliced videos. Because people don’t already hate when their writing is aggregated, so why not start doing the same with videos as well?

Bloomberg Wants All Our Children To Be Nerds New York mayor Michael Bloomberg sure has been on a tech tear recently. Last week he announced his Made in NYC campaign to help New York tech startups, and on Monday he revealed that 20 New York high schools and middle schools will receive “comprehensive computer science and software engineering curriculum” as part of the city’s new Software Engineering Pilot (SEP) program. The program will begin with 1,000 students and expand to 3,500 students by 2016, though it remains to be seen whether this program will finally unify the jocks and geeks on the high school popularity spectrum.

The Bronx And Staten Island Are Some Of Klutziest Cities In America In another sign that Manhattan, Brooklyn, and Queens are the only boroughs worth living in New York, consumer electronic trade-in site Gazelle recently announced the ten klutziest cities in America, and the Bronx came in at fourth and Staten Island placed ninth. The numbers, based on the percentage of electronic devices the site received from each city that were either cracked, dented or water-damaged, found that Tallahassee, Florida was the worst offender in the U.S., followed by New Orleans (in fact, the South dominated the list with six of the ten spots.) As it comes to no one’s surprise, the site receives plenty of broken phones, and has decided to run a “Broken Phone Stories” contest in order to discover the best broken phone story in the country.

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