Fashion, turn to the left Wednesday night, Betabeat ventured down to the Bowery for a party celebrating the launch of Zady, the anti-fast-fashion startup founded by Soraya Darabi and Maxine Bédat. Attendees tended toward the leggy, and the bar was serving “moonshine” cocktails. At one point, we watched a meticulous mustachioed man line up an iPhone shot of a piece of paper on the wall, printed with the party’s official hashtag.
“‘Stealth’ mode is such a terrible word,” said Ms. Bédat (a patterned clutch from their holiday line-up tucked under her arm) when we asked about the company’s hush-hush birth. “Working on things quietly!” she corrected.
Go ahead, Instapaper this oral history of Napster even though it doesn’t include Sean Parker’s wedding: “I said, ‘Come back, and tell me how someone is going to get paid.’ And they never came back.” [Fortune]
In the words of 2 Chainz: Feds watching. [New York Times]
Facebook cofounder Dustin Moskovitz met the Winklevoss twins at Burning Man and, actually, hugs rather than punches were exchanged. In case you were worried about things getting awkward at those Harvard class reunions! [Medium]
Don’t forget to pre-order Bleeding Edge, Thomas Pynchon’s upcoming novel about Silicon Alley, then let’s all reconvene to exchange made-up stories about encounters with the author. [Slate]
Aetna reportedly once tried to buy ZocDoc for $300 million. The founders said no, because would you want to be associated with a health insurance company? [Business Insider]
TechCrunch points us to a delightful discovery: “Marijuana Majority,” a cunningly named campaign that attempts to convince the American public that tokers aren’t all lazy longhairs and shiftless teenagers and rakish rappers, thereby making it safe for average Joes to come out in favor of decriminalization. On the website, you’ll find a long list of prominent individuals of all stripes who’ve expressed some kind of support for legalizing it.
It comes complete with ready-t0-share image macros, which you can post to your Facebook wall like a little thinking-of-you card for the stoners in your life.
Around the time of the demise of Jumo, the social network for nonprofits and activists started by Facebook co-founder Chris Hughes, Betabeat got an email from a source intimately familiar with the social media startup sector. “I’m intrigued by the fact that Facebook doesn’t seem to be proving to have the kind of second-act momentum among early employees that PayPal had, and I wonder why that is,” the source wrote. “I don’t have high hopes for Asana, Quora, or Path either, but maybe it’s too early to make a judgment call.”
With the rise of secondary trading, many Facebook employees have already cashed out. The company’s hefty exodus of early employees has been well-documented. Sarah Lacy, writing for TechCrunch, identified the emergence of a “Facebook mafia” as “early and distinct” last year. But with the Facebook-spawned startups still unproven, is it fair to say that yet?