startup rundown

Startup News: JackThreads Gets an iPad App, SoundCloud Opens a NYC Office and BitPay Expands

JT-iPad_Mocks-LOGINJackThreads Gets an iPads App Purveyor of men’s clothes and accessories JackThreads is attempting to seal up its lucrative mobile market. The company, described as ‘urbo-hipster’ by TechCrunch, is currently generating about 40 percent of revenue via its iPhone app. CEO Ben Lerer revealed how he was excited to “Roll out this beast to our guys.” Not sure if “beast” correctly describes a collection of blazers and jackets, but we wish them luck.

SoundCloud Drifts to NY The orange-and-white audio platform announced the opening of offices in New York this week, declaring that they find the city “similar to Berlin” in that it’s “not trying to replicate what’s going on in The Valley.” SoundCloud has also taken on Dan Gerber, the former National Director of Strategic Partnerships at Pandora, in order to look after brand revenues following his work at The Grammys. No word if he’ll organize Taylor Swift-style digs at rivals Spotify and Songza.

Aereo Reveals New Pricing Structure Controversial live TV streaming company Aereo unveiled a new payment plan for customers that allows access to most features for as little as $8 an hour. The purveyors of tiny antennas said the pricing plan “requires no long-term commitment and eliminates the previous annual and day plans,” referring to it as “streamlined.” The move is accompanied by a commitment to offer full service amenities free for the first month commencing May 15. Aereo’s CEO stated that, “We looked at our data and it was clear, consumers want a more simple approach to pricing,” mentioning nothing about undercutting the network giants they’ve so angered.

SideTour Adds BlackJack Wiz Experience maestros SideTour let slip that one of their own employees, a veteran card counter and Blackjack player, has started offering tours of his own. The staff member, Brian Cotlove, “spent six years making a career playing blackjack in casinos around the world.” Perhaps a trip to Atlantic City is in order for the SideTour team?

BitPay Expands The BitCoin world’s PayPal has grown with the inclusion of Bitcoin core-developer Jeff Garzik and CFO Bryan Krohn. As BitCoin prepares to be used in up to 50,000 stores, the payment site says that Mr. Garzik’s new position will “allow him to work full-time on Bitcoin, BitPay, and related open-source projects to benefit the Bitcoin community.”

Fiverr Hires Former Cuban Council Co-Founder Following the buzz around Google’s acquisition of legendary design firm Cuban Council, it can now be revealed that co-founder Michael Schmidt has made the move to Fiverr, the online services marketplace. Schmidt, who was responsible for Evernote, Bad Religion and the Rdio app, amongst other things, will now be their new front end architect, building and managing the Fiverr design team.

Pheed Launches Android App Feisty young social media upstart Pheed, used by the likes of Miley Cyrus, continues to vie for the big leagues with the launch of an Android app. The site, which is essentially a mashup of every other social media, believes it will “double in size over the next couple of months due to the new Android market,” according to CEO O.D. Kobo.