the startup rundown
Guess who’s still droning away? Former Wired editor in chief Chris Anderson has just raised a $30 million Series B for his startup 3D Robotics. Investors include Foundry Group, True Ventures, O’Reilly AlphaTech Ventures and SK Ventures. It’s in addition to $5 million raised last year.
The company plans to use the money to “mainstream aerial robotics and surveying,” i.e., turning this hobbyist habit into something relatively affordable and approachable for those who aren’t lifelong subscribers to, well, Wired. The team is zeroing on commercial use cases, the big example being agriculture. Mr. Anderson said in a statement:
WAITING ROOM. ZocDoc just became active in Austin, the company’s 16th market. Available to over one-third of the U.S. population, ZocDoc is continuing its mission to make scheduling doctor’s appointments really fucking easy with well over one million unique visitors each month.
DINERO. Integrate, a New York-based company that helps businesses “plan, execute, track, analyze and optimize their multi-channel marketing strategy” just raised $11 million in Series B funding. Comcast Ventures and Liberty Global joined Foundry Group, a repeat investor.
VERTICAL BUZZ. Last week BuzzFeed launched two new verticals—Sports with Jack Moore and Kevin Lincoln and Shift, aimed at female readers, with Amy Odell of New York Magazine.
MEASURE UP. Harvard Business School bffs Christina Wallace and Alex Nelson are tall girls who were looking for tall girl pants. Enter their new fashion startup, Quincy, which rethinks women’s apparel sizing by assigning sizes based on bust and height. The site launched yesterday with a collection of five blazers, and will roll out more highly-tailored items over the coming months.
Update: As our esteemed commenters pointed out, we forgot about Vayable! Our bad.
When Betabeat first heard about SideTour, the TechStars startup serving up “authentic experiences” led by “interesting” people (say, Zen tea sessions from a Buddhist monk), we have to admit, our response was: fun idea! Smart dudes! But how big is the market of people who would actually sign up? Apparently bigger than we imagined, which might be why investors and mentors seemed so smitten with the startup.
Now, TechNewsDaily is reporting that a startup called Gidsy out of Berlin’s white hot startup scene has opened in New York City to play in SideTour’s home turf. Gidsy, which bills itself as an “authentic marketplace for tours, activity, and local events” opened in New York yesterday after launching in Berlin last week.
“As we say many times in the book, this is not a substitute for hiring a good lawyer,” Jason Mendelson said, sitting in a 46th floor conference room at Cooley LLP. “But most venture lawyers suck anyway.”
Mr. Mendelson was in town with Brad Feld, his partner at the Foundry Group in Boulder, Colorado, to promote their new book, Venture Deals: Be Smarter Than Your Lawyer or Venture Capitalist.
“The thing is, many lawyers who don’t specialize in VC will get bogged down in details that don’t matter, and that ends up souring a good deal,” Mr. Feld added.
The current wave of IPOs that investors hope will extend from LinkedIn through Groupon and onto Facebook is making some venture capitalists very, very wealthy. But the bonkers bubble money isn’t exactly getting spread around. Bloomberg reports that the success of firms like Sequoia, Greylock, Accel, and Andreessen Horowitz, all of whom have equity in the most valuable start-ups, is driving a massive wedge between “the venture-capital industry’s haves and have-nots.”