The advent of 500 Startups first-ever Demo Day in New York drew a standing room only crowd to General Assembly yesterday for a long night of seed stage pitches and free beer that went an hour past its 9pm bedtime. Betabeat knew we were in the right place when we overheard, “We want to create a better music experience, better than Pandora,” pass for small talk over by the cheese and crackers table. The sight of TechStar’s David Tisch in a backwards baseball cap and khaki shorts (“business shabby” strikes again!) high-fiving Dave McClure was another promising sign.
All of the startups pitching were graduates of Mr. McClure’s 500 Startups, a Mountain View-based accelerator program, and many flew in from the Valley in search of local froth and perhaps a glimpse of the tall buildings. Each co-founder walked out to their own theme music, with soon-to-be baby daddy Jay-Z making a surprisingly popular choice.
On The Calendar
This is a guest post from Gary Sharma (aka “The Guy with the Red Tie”), founder of GarysGuide and mentor at ER Accelerator. You can reach him at gary [at] garysguide.org.
So, it was a busy week. Steve Jobs (who loves black turtlenecks almost as much as I love red ties) resigned. Twenty-five thousand New Yorkers checked into Earthquakepocalypse (and lost some respect with Californians in the process). And Hurricane Irene gave us a few gusts of wind, a few drops of water and a lot of @ElBloombito. But nothing is more important than the upcoming SXSW 2012 Panel Picker deadline (September 2). See, where I come from, we look out for our own. So I’ve put together a list of panels representing our local New York startuppers. Go show some love and vote for them and email me if you want your panel to be added to the list.
And now, here’s whats going on in your neck of the woods this week …
Just when Betabeat was considering a pivot to Turntable.fm Fan Club, we suddenly started hearing about a new social music streaming app on the scene. Console.fm just launched as a series of channels streaming various genres of electronic music, and the Twitters are a’buzzing. The hype isn’t as exaggerated as it was when Turntable.fm first leaked–for one, Console is open to anyone who wants to authenticate with Twitter, and the site lacks the cute avatars and doesn’t have quite the intensity of interactivity that made Turntable stick out.
But investors including Turntable friend Chris Sacca, 500Startups’s Dave McClure and New York’s Nihal Mehta are testing out the app, and comparisons are already flying. “Turntable.fm is to Yahoo as Console.fm is to Google. [It] just knows whats good music — no humans required,” writes Tawheed Kader, founder of Tout and current resident of the 500Startups incubator in Mountain View.