The Facebookers Will Inherit the Earth
One of tech’s most prolific venture capital firms, Andreessen Horowitz (or “A16Z”), has invested a sizable $40 million in image sharing giant Imgur, Betabeat has learned.
Imgur has been the subject of acquisition rumors for the past year, but has never taken outside money, regardless of how successful they’ve been. According to Imgur CEO and founder Alan Schaaf, Imgur has been approached by almost every VC on the map in the past five years.
“We’ve always been fighting them off,” Mr. Schaaf told Betabeat, “and the reason is because we never really found a good fit.”
While many are scratching their heads over Facebook’s $2 billion acquisition of virtual reality company “Oculus Rift,” one developer has some strong words for the company.
When Markus “Notch” Persson, the creator of the enormously popular sandbox game Minecraft, heard the news, he immediately withdrew his support from Oculus Rift:
Deal With It
New York’s most itterative location based social network likes to pitch itself as the modern day loyalty card, so it makes sense that it would want to offer its users deals and discounts when they check in. But rather than building out an extensive sales force, it has been adding deals from companies like LivingSocial, Gilt Groupe, AT&T, Zozi and Groupon.
Now foursquare is partnering with Atlanta based Scoutmob to add another 500 local deals in 13 American cities. “Of all the deal integrations we’ve done, the Scoutmob partnership most closely aligns with our own Specials format, where no payment is required to redeem deals spontaneously” said Tristan Walker, Director of Business Development at foursquare.
It arrives with the inevitably of a late afternoon trip to the coffee machine. Another company has decided to begin offering daily discounts, via email if you’re interested.