Look, New York is a tough town. The rent is too damn high, you’ve got to sell a liver to buy groceries and let’s not even discuss the cost of booze. It helps to move here with a little nest egg. And so the latest crop of newcomers has turned to a particularly zeitgeist-y solution: Crowdfunding.
According to AM New York, “young creative types” are turning to sites like GoFundMe, palms out to receive crisp bills in the denomination of your choice:
Justine Tunney is a New York-based software engineer at Google, but she’s also a prolific activist who was and continues to be instrumental to the Occupy Wall Street movement. A “transgender anarchist,” she founded OccupyWallStreet.org and continues to maintain the @OccupyWallSt Twitter handle; her Github account has an Occupy Wall Street specific repository that boasts the tagline, “Stomping out capitalism, one line of code at a time.” And she also has an interesting new approach to crowdfunding.
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.
In a statement provided to Betabeat, the powers that be at Kickstarter announced that they will not be taking down the project for Redditor Ken Hoinsky’s dating advice book, which contains unsettling suggestions for how to treat women, including “grab her hand and put it right on your dick.” The book, called Above the Game: A Guide to Getting Awesome With Women, far surpassed its Kickstarter funding goal and promises to compile much of the dating advice the prolific Mr. Hoinsky has published to Reddit over the years.
Teach Me How to Startup
Yesterday, Y Combinator (Silicon Valley’s ur-accelerator) hosted its biannual Demo Day at the Computer History Museum in Mountain View.
As cofounder Paul Graham announced last fall, YC downsized both the number of startups and the size of the investment in this current class. And fears that the accelerator bubble is about to pop were not lost on the 47 startups who presented, nor the 500 or so investors in attendance.
Angelina “Trash Bags” Pivarnick, the Jersey Shore cast member who left the show in the first season after only three episodes, wants a second chance at the spotlight. On Monday, Ms. Pivarnick launched a Kickstarter page called “The Comeback,” which aims to raise $8,000 to help her get her own reality show called–yes–The Comeback.
In November of last year, Gawker reported that the notorious gross-out site “Goatse.cx,” which showed an old man splaying open his anus for all to see, was being transitioned from a nostalgia-laden ’90s meme to an actual email service. The site’s new owner, an Australian IT consultant who goes by the moniker Jonathan, planned to offer Goatse vanity email addresses for $5 a pop.
The Equity of the Crowds
As soon as the JOBS Act passed back in April, would-be equity-based crowdfunding platforms were crawling out of the woodwork, ready to be open for business as soon as the S.E.C. handed down the rules governing this wild financial frontier.
But it seems they might be all dressed up with nowhere to go, for now at least. The New York Times reports that the S.E.C. is most likely going to blow its end-of-year deadline. In fact, it might be 2014 before equity-based crowdfunding is a reality. Hope your startup wasn’t depending on selling shares to average Internet joes!
XXX in Tech
Back in August, we told you about Offbeatr, which aims to be the Kickstarter for porn. Four months in, the site boasts five successful projects, which have raised a total of $60,934. And as the blog Flayrah recently noticed, all of them are furry-themed.
Space the Final Frontier
Yesterday, before venturing forth to the casting call for Bravo’s Start-ups: Silicon Valley spinoff, we made a rather wonkier stop, at this month’s meeting of the MIT Enterprise Forum. The topic of the panel? Space, the final frontier, and aerospace investing in particular.
As we arrived, a brief SpaceX video with a Top Gun-style soundtrack was wrapping up. Adam Harris, the company’s VP for Government Affairs, let slip a little, “Yay!” as it came to a close.