shameless rumormongering

Rumor Roundup: Somebody Crashed a Drone Into a Williamsburg Rooftop and Techies Celebrate the Fourth

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Look out below Anyone lost a drone? It seems recently a GoPro Helicopter crashed onto photographer Joey L.’s roof in Brooklyn. In an attempt to get the device back to its rightful owner, he posted a video on Instagram, complete with crash footage and then himself, holding up the helicopter. So if you’ve managed to lose your drone somewhere over Brooklyn, well, you know who to call.

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shameless rumormongering

Rumor Roundup: Dave McClure Calls Big Omaha Attendee a ‘Lying Bitch’ and Zynga Employees Run Into Traffic

The picture of despair.

Lying Bitches 500 Startups founder Dave McClure, known for his rather dirty mouth, made a big slip-up at the Nebraska-based thinkfluencer festival Big Omaha today. According to Valleywag, Mr. McClure was giving a talk at the conference when he asked someone how good her iPhone battery life was. When she responded with a presumably positive answer, Mr. McClure called her a “lying bitch.” On stage. In front of tons of people. Read More

Visiting Dignitaries

Drunk, Naked AlphaBoost Founder Matt Monahan Is Currently Trying to Sell His Company

alphaboost

Earlier this afternoon, Gawker republished photos and a video of AlphaBoost CEO Matt Monahan drunk and naked during a vacation to India. The escapades were originally shared by Jesse Thomas founder of JESS3, a social media advertising firm.

Venture-backed startup founders are fond of booze-soaked jaunts to unwind from the pressure of crushing it, celebrating a big milestone, or just because they can afford to. The difference here is that Mr. Thomas graduated from ill-advised Instagram shots of popping bottles to sharing a video and photos of a stark naked Mr. Monahan cavorting on the beach, somewhere approaching blackout drunk.

And that Mr. Monahan got caught on tape at the same time that he’s trying to sell his company. Read More

shameless rumormongering

Rumor Roundup: Sexism at CES? It Ain’t Me, Babe

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#RealTalk Dave McClure, our favorite giver of zero fucks, went on a bit of a Twitter tear the other day. It started with the admission that he’d “just had really hard tough love talk w/ startup founder. fucking sucks, but better harsh truth than bullshit ‘you’ll make it work’ lies.” He didn’t stop there, adding that “what really sucks is none of other investors (incl big lead VC) have the balls 2 tell them its not going 2 fucking work & shut it down.”

He concluded: “the Silicon Valley story is indeed the 1% story of Instagram $1B win, but also 99% broken dreams, shattered hopes & try, try again. sigh.” Read More

Cowork With Me?

Why 500 Startups Decided to Launch an NYC Coworking Space and Not an Accelerator

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Shai Goldman, a venture partner at 500 Startups, recently announced another sign of the seed stage fund’s growing interest in New York City–besides poaching a Silicon Alley stalwart like Mr. Goldman, of course. This February, the firm plans on opening a coworking office at 28th Street and Park Avenue in the Flatiron, not far from General Assembly.

500 Startups is known for its global focus. The only physical space the firm had up until New York was a corporate office in Mountain View, “which is where we run our accelerator throughout the year,” Mr. Goldman told Betabeat by phone. But 500 Startups opted for a different route here.  Read More

Seed Stage Slaughter

Startup Winter Is Coming: Beware Funding Cliffs and Falling Valuations in the Consumer Web

startup winter

“It’s harder to act in a disciplined way in summer. All around you, you see excess and nonsense, companies being bought or funded for zillions of dollars without traction.” Eric Ries, the pioneer behind the Lean Startup movement, wrote those words back in August, 2011, warning that in the cyclical startup business, “what goes up will eventually come down.”

Startupland, he explained, can only stay insulated from broader economic forces–like, say, today’s warning about a new global recession--so for long: “The LP’s that fund booms are, after all, pension, municipal, and sovereign wealth funds. Consumers need disposable income to invest in the latest products,  as do the companies who serve them and advertisers who reach them.” Read More

RAAAAAAAANDI!

Bravo’s Start-ups: Silicon Valley Debuts Clips; Dave McClure Immediately Called ‘Disrespectful’

Mr. McClure (Screencap: BravoTV)

The moment you’ve all been waiting for is briskly approaching. Though the much-maligned Start-Ups: Silicon Valley reality show doesn’t premiere until Monday November 5th at 10 p.m., Bravo has begun publishing clips to its website in order to sate our boundless curiosity. AllThingsD picked up on the two drama-filled scenes, one of which features 500 Startups cofounder and noted giver of zero fucks Dave McClure. Read More

Fresh Capital

Tradesy Raises $1.5 M. to Help You Cash in on the Clothes in the Back of Your Closet

Cash monies.

Got a bunch of stuff hanging in your closet you’re no longer thrilled with? Well, the Los Angeles-based marketplace Tradesy wants to help you out–and the company has just raised a $1.5 million round to do just that. Participants include Rincon Venture Partners, 500 Startups’ Dave McClure, DailyCandy founder Dany Levy, Daher Capital, Bee Partners, Double M Capital and Launchpad LA.

The site is the second project from Tracy DiNunzio, who previously started RecycledBride, a marketplace for wedding-related resale. But she wanted to do something broader all along, she told Betabeat.  Read More