Dailybooth, the original platform for gratuitous selfies, is shutting down. At least we’ll always have Instagram. [The Next Web]
Remember when YouTube unleashed a slew of investments in branded content channels? Now it’s doubling down and infusing even more cash in content. Pity then that we can’t recall the name of a single one of those original investments. [AdAge]
Spotify is seeking a $3 billion valuation, down from a reported $4 billion round the Times wrote about back in May. [Wall Street Journal]
The Brooklyn Beta Summer Camp–akin to San Francisco’s Dogpatch Labs–recently finished its 12-week accelerator program. Adweek surveys the companies, the program and of course, the pivots. [Adweek]
Kim Dotcom’s new site is finally live at Mega.co.nz. That whole Me.Ga didn’t work out so well with the Gabon government, which owns the .Ga extension. [Mega.co.nz]
Roughly a year-and-a-half after closing its second $25 million seed stage fund, Lerer Ventures is in the processing of raising money for a third. An SEC filing, first noted by TechCrunch, says the size of the round is $30 million.
Although the Form D indicates that the early-stage venture capital firm has yet to sell, expect the round to close quickly.
Last May, it only took Lerer Ventures “a matter of weeks” to raise that $25 million from individuals and family offices. And that was before the highly-regarded New York City firm–launched by Huffington Post cofounder (and Betaworks and Buzzfeed chairman) Ken Lerer and his son Ben Lerer, cofounder of Thrillist–boasted a handful of exits.