Go ahead, Instapaper this oral history of Napster even though it doesn’t include Sean Parker’s wedding: “I said, ‘Come back, and tell me how someone is going to get paid.’ And they never came back.” [Fortune]
In the words of 2 Chainz: Feds watching. [New York Times]
Facebook cofounder Dustin Moskovitz met the Winklevoss twins at Burning Man and, actually, hugs rather than punches were exchanged. In case you were worried about things getting awkward at those Harvard class reunions! [Medium]
Don’t forget to pre-order Bleeding Edge, Thomas Pynchon’s upcoming novel about Silicon Alley, then let’s all reconvene to exchange made-up stories about encounters with the author. [Slate]
Aetna reportedly once tried to buy ZocDoc for $300 million. The founders said no, because would you want to be associated with a health insurance company? [Business Insider]
Despite dwindling public interest and rampant security flaws, there are still two people who believe in the power of the Bitcoin: the Winklevoss twins. The brawny brothers filed plans with the S.E.C. yesterday to establish a fund that lets investors trade the unregulated crypto-currency just like stocks.
ECommerce Rules Everything Around Me
Some days, the planets align and you get magic. For example: this news from DealBook that Zuck nemeses the Winklevii are, in fact, two of the biggest Bitcoin investors in the world.
Of course they are!
The latest to hop on the shopping startup bandwagon: Tyler and Cameron Winklevoss. DealBook reports that the twins just led a $750,000 investment in New York City-based Hukkster. The service allows budget-conscious shoppers to bookmark items they want, then receive email alerts when those items go on sale.
It’s the pair’s second investment through Winklevoss Capital. Previously they bet a $1 million on SumZero, a social network for money managers founded by their ConnectU comrade Divya Narendra.
BETABEAT THINKS THINGS
Say it ain’t so! It appears that New York will be losing one of its two Winklevii. TMZ reports (via TechCrunch) that Tyler Winklevoss will be picking up stakes for Silicon Beach, to launch the West Coast outpost of the twins’ aptly named VC firm, Winklevoss Capital. (Cameron will be holding down the fort here in Manhattan.)
And since he can’t live in some hovel, the twins have purchased an ultra-modern home high in the Hollywood Hills, for a mere $18 million. Careful, gentlemen–that $65 million settlement won’t last forever, especially since part of it was paid in Facebook stock.
Today, Vanity Fair unleashed a profile of Facebook’s would-be founders Cameron and Tyler Winklevoss, written by novelist, former I-Banker, and (full disclosure) Observer freelancer Dana Vachon. It’s nothing short of wonderful, and as all narratives that cast the Winklevii in even the most marginal of sympathetic lights, oddly disconcerting.