video killed the video star
At this point, it’s like shooting very large fish in a very small barrel to mock startup music videos. Everyone keeps doing them, and they’re always awful. But this latest installment from 500 Startups is probably–though it strains belief!–the worst yet.
We never thought we’d say this, but shouldn’t you guys be working on your pitch decks or something?
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.
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.
#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.”
Cowork With Me?
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.
Seed Stage Slaughter
“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.”
Season 1 . . . Episode 2 . . . no end in sight . . . I’m not sure how much more I can take.
Now that the dust has settled from the PR, subsequent Valley backlash, promos, more backlash, and last week’s premiere, we actually get to see what we have here with Bravo’s “Start-Ups: Silicon Valley.” Basically, it’s formulaic reality show.
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.
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.
Goodness, the early-stage scene in New York City sure is getting crowded. Pretty soon investors are going to have to start throwing them ‘bows if they want to get past their competitors and reach the most promising founding teams for so much as a hi-how-are-you chat.
The news today, via TechCrunch: Dave McClure’s 500 Startups has just announced the addition of two “amazing geeks” to the team: Shai Goldman here in New York, and Pankaj Jain in India. They’ll be venture partners, focused on making deals in their respective locations.