Makers Get Made

Like We Said, Raise That Paper Now. Quirky Closes $16 M. B Round


Quirky founder Ben Kaufman prefers not to give out quotes when raising new funds, focusing instead on the details of what Quirky has been up to.

But he sure does like to raise fresh capital. It raised $6 million A round last April led by RRE and, according to Venture Wire, just closed a $16 million B round led by Norwest Venture Partners with RRE participating again.

As Betabeat has written recently, start-ups are rushing to close their financing, fearful that a tanking stock market will scare off potential investors or, at the very least, drive the valuations they can negotiate way down. Read More

Paper Barons

J.K. Rowling Disses Apple and Amazon, Embraces Crowdsourced Storytelling

Just follow the owl

Pottermore, the mysterious website that will become the online hub for all thing Harry Potter, made waves across the e-book industry today.

In a video posted to the site this morning, J.K. Rowling, who personally owns the digital rights to her work, revealed that she will be cutting out the middleman and selling audio and e-books of future Harry Potter stories through the Pottermore site.

Perhaps more interestingly, through a series of cool stop-motion animations, Rowling revealed that she will be bringing Harry Potter’s enormous fan community into the creative process. Read More