Stale Capital

Stand Down: Contrary to Reports, Airbnb Has Yet Not Raised a Big Series C

Driftwood chic.

When news broke this morning that Airbnb had supposedly raised a $117 million Series C, the only possible response was: Damn, that’s a nice chunk of change, and one in line with expectations. However, it appears that, in all the anticipation over another major round, the gun has been jumped.

When we reached out for comment, Airbnb gave us the following statement of denial:

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Venture Capitalism

Branch Joins Obvious Corp, Picks Up $2 M. from Lerer Ventures and SV Angel, and Heads East to Betaworks


When you’ve got Evan Williams, John Borthwick, and Max Levchin chatting it up on your “curated discussion platform,” it’s probably just a matter of time before the high-powered investors, incubators makers, and other loosely-defined collectives come a’ calling.

Today, Branch, the startup that initially launched in New York City as group blogging service Roundtable, announced that is now partnered with Obvious Corp and picked up investments from Lerer Ventures and SV Angel. Although Branch has been working out of Obvious headquarters since the beginning of this year, the startup will move to Betaworks this summer. Cofounder Josh Miller’s announcement is somewhat obliquely worded, but it sounds like Rick Webb, Lucas Nelson, Ryan Freitas, and David Tisch also joined the round.

The size of the round wasn’t disclosed. However, this Form D SEC filing for Roundtable Media (the startup’s original name) filed by Joshua Alexander Miller, seems to indicate that the size of the round was $1,999,997 and fully subscribed. The address on the Form D, for example, is the same address as Obvious Corp. According to the Form D, the funding was an equity round with seven investors and the date of first sale is listed as February 15th. We have reached out to Mr. Miller for confirmation. Read More

Funding Ding Ding, a Social Network for Street Style, Is Raising a $760K Debt Round

via Huffington Post, a New York City-based social network that lets users share street style through “threads” of photos, is in the process of raising a $760,000 debt round, according to the startup’s amended Form D filing on

As co-founder and CEO Mimi Nguyen explained to Betabeat by email, the social network lets users spot and tag photos with brands and styles and share it with the rest of the community.  “If Twitter and Instagram had a baby, it would be!” Ms. Nguyen told the Huffington Post when the company launched in private beta in November.  Sounds more like democratizing The Sartorialist to us, with the idea of turning anyone with a smartphone into a style spotter. Read More


Brooklyn-Based SocialGuide, a TV Guide for the Twitter Era, Is Raising a $500K. Debt Round

Screen shot 2012-01-29 at 4.35.04 PM

SocialGuide, a startup that determines what TV shows and movies are popular by combing Twitter and Facebook, is in the process of raising a $500,000 debt round, according to the company’s latest SEC filing via The first sale of securities, which includes both “debt” and “option, warrant or other right to acquire another security,” was on January 17th. SocialGuide has already raised $400,000 from 10 investors towards the round, with $100,000 to go.

“We are in a position as a company where we’re looking to achieve profitability over the next two quarters,” CEO and founder Sean Casey told Betabeat by phone. “We decided to put together a note that will help us get there. It was just the right financing.”

The Brooklyn-based service, located at 68 Jay Street in Dumbo, bills itself as “the first real-time Social Programming Guide.” By ranking what’s popular on social networks, according to keywords counts, and then surfacing “the shows that your friends are talking about,” the company is able to recommend what’s worth watching. No more hearing about the “Downtown Abbey” Christmas special a week after everyone else tumbled their favorite Dowager Countess-isms. In September, SocialGuide, which previously went by the name Talkwit, introduced a similar service for movies, which is currently in beta.

But its real value may be in data it collects about the budding field of social TV. Read More