Booting Up: Farmville Mayor Mark Pincus is ‘Pretty Bored With All Games’

Bored AF. (Photo: Wikipedia)

Three of the top 20 investors in Microsoft want Bill Gates gone as chairman. They worry he’s blocking the company from evolving and limits the power of the new CEO to make “substantial changes.” [Reuters]

Lines like “I found myself pressing the skip button on iTunes Radio more often than Pandora,” doesn’t bode well for Apple’s fledgling service. [Wall Street Journal]

The Washington Post is officially under Jeff Bezos’ control. [Washington Post]

Zynga founder Mark Pincus is “pretty bored with all games.” At least he acknowledged playing Running with Friends?  [WSJ]

Sam Biddle shows how easy it is pretending to be a venture capitalist and gamed AngelList for fun. Hopefully this is just funding a second season of Start-ups: Silicon Valley. [Valleywag]


Booting Up: Let’s All Watch Somebody Bypass Apple’s Supposedly Secure Fingerprint Sensor

Your dick works on this. (Photo: MacRumors)

Can you smell the excitement that is Advertising Week? Twitter can! It’s set to announce a flurry of television-related ad products as the company continues to tart itself up prior to going public. [Wall Street Journal]

Watching people hack into the new iPhone’s fingerprint sensor is the new unboxing video. [MacRumors]

AngelList, the casual connection meeting place between investors and entrepreneurs, raised $24 million. [Fortune]

Just like a real company, Airbnb has tapped an ad agency for an upcoming campaign. [AdAge]

The JOBS Act goes into effect today, allowing startups to ask for funding on social media and crowdfunding sites. [New York Times]

buyers and sellers

3D Interest: Shapeways Tops Fast-Risers in SecondMarket Fourth Quarter Report

SM rising 4q

Shapeways attracted lots of eyeballs in the fourth quarter of last year, and not just for stunts like this. According to a report from SecondMarket, the 3D printing marketplace gained interest on SecondMarket’s private stock market at the fastest clip, as the number of investors following the company grew more than five-fold in the last three months of 2012. Read More

Get Money

How to Talk Your Boss Into Your Next Raise: Here Are the NYC Startups With the Highest Average Salaries

(Photo: AngelList)

AngelList, the Facebook for startups, just did NYC job seekers in the tech sector a major solid. Today the company released a graphical breakdown of the average salaries of tech companies, drawn from data collected through its jobs portal, which helps match startups with prospective talent. The information is quite revealing, and much more detailed than what you’d find on a site like GlassDoor. Read More

Hardware is the New Software

Hipster Cooking Device from Fatty Crab and Babbo Alums Sparks Investor Interest


What do you get when you mix one part fresh-faced “bicoastal foodies,” one-part pioneering Chinese accelerator, and one-part high-brow cooking fad? Nomiku, an immersion circulator that wants to bring a “Top Chef”-worthy cooking technique to the amateur kitchen.

By clipping Nomiku’s device onto any pot of water, users are able to master sous-vide cooking, a method increasingly popular for its consistent, juicy results. Meat smokers? So 2010. Read More

More Startups

In 9 Months, Anyone Can Invest in a Startup


Do you feel like there are a lot of startups? We feel like there are a lot of startups. The JOBS Act, an amalgamation of six bills that passed through Congress, is likely going to make even more startups, thanks to a section that will allow the average American to invest limited amounts of money in business plans. AngelList, the crowdfunding platform Indiegogo, and a crop of equity-based crowdfunding platforms are poised to take advantage—but not for a while. The Act requires the SEC to hammer out the rules for equity-based crowdfunding within nine months.

“The SEC needs to determine the actual guidelines,” said Nick Tommarello, one of the founders of WeFunder, an equity-based crowdfunding platform that decided to launch a preliminary site before the law passed. “Then we apply to the SEC.” Read More


OMG Stephan Paternot is Back

Mr. Paternot: ready for his closeup.

Stephan “Got the Girl, Got the Money, Now I’m Ready to Live a Disgusting, Frivolous Life” Paternot is back, VentureBeat reports, in an astounding blast from the past with a new startup, Slated, an AngelList for film productions (Barry Silbert likes it!). To recall, Mr. Paternot was the founder of a sort of proto-Facebook, theglobe, which set a record for the biggest first-day stock gain on Wall Street at the time, popping up close to $1 billion. Today, is a shell company with no significant assets or operations, and has no significant source of revenue. Funny how that happens. Read More

City of Angels

AngelList Is Becoming a Facebook for Startups

This photo and interview brought to you by Twitter.

Andrew Cove moved to New York from Santa Monica on May 1 planning to join NYU’s ITP program. Oops. Somehow the entrepreneur, fresh off his first failed startup, wound up at an internship at IA Ventures which “opened some interesting doors”–and one of those doors eventually led to the startup-investment matchmaker AngelList. A happy coincidence, it seems, as Mr. Cove was somewhat down on his luck before he moved to the city.

“There was baggage–I had just killed a startup,” he said. “I just kind of wanted the experience of living in New York City. It never occurred to me to consider I’d be working for something based in San Francisco.”

New York is the second-most active market on AngelList. Based on the deals companies reported to AngelList, which is far from comprehensive, Silicon Valley is responsible for 53 percent of investments, followed by New York with 18 percent, AngelList founder Naval Ravikant told The Huffington Post.

Los Angeles accounts for six percent of deals; then Austin with five percent, Europe and Boston with four percent and Seattle with three percent.

AngelList, which has no revenue and is supported by a grant from the Kaufman Foundation, has been growing by leaps and bounds since launching in 2010. AngelList now has 2,500 registered investors and 13,000 startups, Mr. Ravikant told HuffPo. To recap: startups list their vitals and how much they’re looking for on AngelList, with options for who can see the information. Investors can then “follow” startups and get a feed of updates from interesting, mostly pre-funding companies. AngelList says it has recorded more than 750 individual investments in an estimated 400 companies, a low number because many deals aren’t reported.

Mr. Cove is the newest “venture hacker” on AngelList’s nine-person team. He works out of Dogpatch Labs in Union Square, helping companies polish their pitches and guiding investors through the site. “It wasn’t actually a concerted thing to have people in New York,” he said. “It turns out to be advantageous because so much is happening in New York.”

Betabeat welcomed Mr. Cove to New York with a hearty call-out in the rumor roundup. He followed up with us this week–and he says AngelList is changing in a very interesting way. Read More


Gojee, Master of the Double-Pivot, Raises $1.2 M.


Gojee, the photo-heavy recipe recommendations app–think meets What the Fuck Should I Make for Dinner–started as for food, then became Twitter for food, before its founders finally settled on the current conceit: suggestions based on preferences and allergies, plus what the cook has in his or her larder. It was a hit! And after some lovin’ from the media and users, Gojee has picked up a cool $1.2 million from Kapor Capital along with Ustream co-founder Brad Hunstable as an advisor.  Read More

Heaven Sent

David Rose’s AngelSoft Launches an Investor/Startup Matchmaker, But Can It Compete With AngelList?

David S Rose[3]

Apparently you don’t need to be a startup to attempt a pivot. Back in March, Betabeat told you about mounting exasperation among local entrepreneurs toward New York Angels, the dotcom legacy investing group (circa 1997) run by its venerable chairman David S. Rose. At the time, Mark Birch, an independent New York angel investor, told us, “The NY Angels process is broken, because their model has stayed the same, while the environment has changed.”

Now, it seems, Mr. Rose is trying to adapt to these modern times through AngelSoft, the New York company he founded in 2004 to make software for investors to help them manage deal flow and collaborate with investors.

As Bloomberg reports, AngelSoft is launching an online marketplace to hookup potential investors with the right  to entrepreneurs and hoping “financial matchmaking” ensues. Along with the pivot, AngelSoft will change its name to Gust. See, thinking like a startup already. Read More