shameless rumormongering

Rumor Roundup: AOL Is Sunsetting QLabs, Ron Jeremy Has Friends In Tech Places

(Photo: QLabs)

Good news, Silicon Alley denizens. After much demand from fellow gossip-mongers, Betabeat has decided to resurrect your favorite recurring Friday feature. Welcome back to Rumor Roundup! Overheard a juicy tidbit about impending departures or imminent acquisitions? Dying to dish about startup blunders or frothy financing? Holler at your girls:

THE SUN SOMETIMES SETS ON THE AOL EMPIRE Multiple sources have told Betabeat that AOL Ventures plans on shutting down QLabs–the press-shy experimental think tank in Soho located at 670 Broadway. “The time frame must be darn near immediate,” one source told Betabeat, alluding to some urgency around winding down existing projects. “It’s dead,” said a source with indirect knowledge of the decision. “Their funding ran out,” the second source added, speculating that the initiative had a set funding size, but “nothing yielded.” Read More


Inside the Press-Shy QLabs, AOL’s Great White Hope

AOL hopes to plant seeds with hip companies coming out of QLabs and AOL Ventures.

On Wednesday afternoon, Betabeat arrived at the arty brick headquarters where AOL’s startup alter egos, QLabs and AOL Ventures, take up an entire floor at Broadway and Great Jones in Soho. We were greeted by QLabs founder and hacker Chris Danzig, QLabs hacker Eric Skiff, and hacker-biz developer Michael E. Gruen. Everyone’s title is “hacker,” we were told. “We’re extremely flat,” Mr. Danzig said.

The hackers were having trouble controlling the temperature on what was a very humid day. The QLabs space is like the underbelly of the Titanic, with myriad chambers divided by arches and doors. “We have the AC, the heat on, and the windows open,” Mr. Danzig apologized, as we settled into a small conference room around a table made of reclaimed wood.

QLabs is an experimental think tank for the rapid prototyping of ideas on the web, one or more of which will hopefully become the next big AOL property. There are only seven hackers on the QLabs team, with about three more in support staff—but the corporation rented the entire floor with the foresight that it may one day be filled with thriving companies spun out of QLabs projects. Read More