Hardware is the New Software
The majority of home security systems are clunky, inefficient, expensive and not exactly ideal for renters. Chances are if you want to quantify your home the same way you quantify yourself, you have to sign a contract with a security behemoth like ADP and go through a lengthy install process to get the thing working. Canary, a new startup based in Soho, aims to change that.
Happy Cloud is making it rain Last week, on-demand gaming company Happy Cloud, Inc. announced it had raised a $4.25 million Series A, bringing its total funds to $7 million. The company is now preparing to deliver on-demand videogame demos to avid gamers, in the same way they might access on-demand TV shows or movies. Happy Cloud has also appointed Tamir Buchler to CEO; Mr. Buchler comes to Happy Cloud from IAC/InterActiveCorps’ Pronto.com.
Bondsy is making a deal Showcased at last year’s TechStars Demo Day, unique trading app Bondsy is ready for download. Bondsy allows users to trade one random thing for another: homework help for bacon; cool clothes for a back massage; One Direction tickets for a first-born child. “When you’re not restricted to paying strictly with money, things get a lot more interesting,” said a Bondsy spokesperson. We hear the apps’ creator, Diego Zambrano, posted a homemade poutine to Bondsy and received nine offers in 30 minutes. What would you trade for a pile of fries smothered in gravy and cheese curds?
Teach Me How to Startup
New York University’s premier tech club, Tech@NYU, is in the midst of its annual Startup Week. This year’s series of panels featuring familiar faces from Silicon Alley are all organized under the theme ”Hacking as a mentality.”
Hence last night’s event starring Charlie O’Donnell, partner of Brooklyn Bridge Ventures, and David Tisch, the former Read More
More than 150 people braved last night’s land hurricane–technically called a derecho–to attend Coalition for Queens’ second Queens Tech Meetup at Hunters Point Plaza in Long Island City.
Unfortunately, the crowd of young professionals was only able to enjoy rooftop views of the Manhattan skyline for a short while before the clouds came rolling in. Thankfully, the demos inside provided plenty of amusement, including a tug-of-war match and a feline photo shoot for mycatandi.com.
A week after we wondered whether Dumbo has hit maximum capacity–cobblestone streets, now in limited supply!–venture capitalists have arrived to big ups the borough.
Will Porteous, general partner at Manhattan-based RRE Ventures, tells peHUB that Brooklyn may just be the best place to launch, pointing out that eight RRE portfolio companies call Brooklyn home. Err, make that “were.” Drop.io and Hot Potato were acquired (or acqui-hired, depending on who you ask) by Facebook in 2010, but that still leaves HowAboutWe, MakerBot, Pontiflex, and more for serious street cred.
Brooklyn Bridge Ventures founder Charlie O’Donnell, formerly of First Round Capital, does Mr. Porteous one better, wondering if Facebook will even be able to make devs happy from its stodgy Midtown perch. Estimating that “50 percent of people who work at venture-backed startups live in Brooklyn,” Mr. O’Donnell thinks the exodus has already begun.
On his blog this morning, New York City tech stalwart Charlie O’Donnell announced the creation of a new seed investment fund called Brooklyn Bridge Ventures. Mr. O’Donnell, who used to bike the 9.2 miles from his home in Bay Ridge to his last job—principal at First Round Capital in Union Square—says his is the first venture capital fund based in Brooklyn and that the borough “has the potential to be the very best place in the world to start a technology business.”
Business Insider‘s sources say Mr. O’Donnell’s fund will be $10 million. Betabeat has heard somewhere in the range of $10 million to $20 million and that Quotidian Ventures might be his first big LP, although Mr. O’Donnell would not return earlier calls to confirm. We have reached out to Quotidian and will update the post when we hear back.