Dailybooth, the original platform for gratuitous selfies, is shutting down. At least we’ll always have Instagram. [The Next Web]
Remember when YouTube unleashed a slew of investments in branded content channels? Now it’s doubling down and infusing even more cash in content. Pity then that we can’t recall the name of a single one of those original investments. [AdAge]
Spotify is seeking a $3 billion valuation, down from a reported $4 billion round the Times wrote about back in May. [Wall Street Journal]
The Brooklyn Beta Summer Camp–akin to San Francisco’s Dogpatch Labs–recently finished its 12-week accelerator program. Adweek surveys the companies, the program and of course, the pivots. [Adweek]
Kim Dotcom’s new site is finally live at Mega.co.nz. That whole Me.Ga didn’t work out so well with the Gabon government, which owns the .Ga extension. [Mega.co.nz]
“It’s a similar approach to Ron Conway and Yuri Milner’s deal with Y Combinator,” Collaborative Fund founder Craig Shapiro told Betabeat this afternoon, on his way to a board meeting. Mr. Shapiro, whose firm has invested in Kickstarter, Simple, TaskRabbit, and Codecademy, was referring to the blanket investment Collaborative Fund just announced–offering $50,000 a piece in all five of the startups to come out of Brooklyn Beta‘s “Summer Camp,” an incubator of sorts.
(Last January, Mr. Milner and Mr. Conway launched the Start Fund to plunk $150,000 into every new Y Combinator startup.)