New York Times’ sugardaddy Carlos Slim is investing $40 million into music discovery app Shazam. The company plans to use the little treat to bolster its television feature that can identify a commercial’s song and direct users to their website. [Reuters]
Facebook’s improved Graph Search rolls out to “several hundreds of millions” of people who use American English this week. [ABC News]
The overal median age of workers in the tech industry is very, very young. Eight of the 32 companies surveyed by the Bureau of Labor Statistics reported the median age was just 30 years old or younger. For example, Facebook’s median age is 28 and Google’s is 29. [New York Times]
Solar Impulse’s plane, which was powered entirely by the sun, landed successfully from its cross-country jaunt in New York over the weekend. [TechCrunch]
Aw, remember MSN TV (née WebTV)? If not, don’t worry: it’s being killed off at the end of September. [AllThingsD]
Dwolla*, the Des Moines-based payment platform that has a strong presence in NYC, announced today that it has received a $16.5 million Series C investment led by venture capital behemoth Andreessen Horowitz, with contributions from NYC firms Thrive Capital* and Union Square Ventures. The fresh funding will allow Dwolla to double its staff of 40 to 80 and open a third office in San Francisco, according to The Next Web. Andreessen partner Scott Weiss will be joining Dwolla’s board. Read More
In a stunning gesture of support for EXCLUSIVE airplane journalism, Amazon CEO Jeff Bezos is leading a $5 million round in Business Insider, the web property helmed by Henry Blodget. The news comes following a detailed New Yorker profile of Mr. Blodget, who launched Business Insider after being banned from the securities industry for civil securities fraud. Read More
This is a guest post by Shanley Kane. It was originally published on her blog Pretty Little State Machine and is republished here with her permission. Ms. Kane works in product management and enterprise software in San Francisco and is interested in culture studies, the developer community and television for fun. You can (and should!) follow her on Twitter here.
Toxic lies about culture are afoot in Silicon Valley. They spread too fast as we take our bubble money and designer Powerpoints to drinkups, conferences and meetups all over the world, flying premium economy, ad nauseam. Well-intentioned darlings south of Market wax poetic on distributed teams, office perks, work/life balance, passion, “shipping”, “iteration,” “freedom.” A world of startup privilege hides blithely unexamined underneath an insipid, self-reinforcing banner of meritocracy and funding. An economic and class-based revolt of programmers against traditional power structures within organizations manifests itself as an (ostensively) radical re-imagining of work life. But really, you should meet the new boss. Hint: he’s the same as the old boss.
The monied, celebrated, nuevo-social, 1% poster children of startup life spread the mythology of their cushy jobs, 20% time, and self-empowerment as a thinly-veiled recruiting tactic in the war for talent against internet giants. The materialistic, viral nature of these campaigns have redefined how we think about culture, replacing meaningful critique with symbols of privilege. The word “culture” has become a signifier of superficial company assets rather than an ongoing practice of examination and self-reflection. Read More
BuzzFeed, the Internet’s biggest time suck, announced in a press release today that it has raised $20 million in a series D round led by NEA Ventures, bringing its total raised to $46.3. In addition to churning out more image-heavy listicles and starting spats with fellow popular Internet properties like Gawker and The Oatmeal, BuzzFeed intends to use the money to “build the next great media company.” Read More
Here’s a quickie for your Tuesday evening: AxialMarket, an online network that connects potential buyers and sellers of private businesses, has raised $6.5 million, according to a Form D filed with the SEC.
According to Crunchbase, AxialMarket is an amalgam of corporations and investment companies that join the platform “to source deals, communicate and promote their firm’s acquisition and investment identity, and uncover opportunities to collaborate with other members.”
The company has largely managed to skirt an overabundance of hype while quietly collecting over 7,000 qualified members on their platform. Perhaps it’s because their idea isn’t as sexy as “sweet delivery spectacles” or “broadcast TV on your laptop.” But with $6.5 mil of fresh dough in their pockets, seems like it’s working out just fine.
Those Facebookers are making it rain and the IPO isn’t even scheduled until Friday. The Wall Street Journal reports today that ex-Facebookers Adam D’Angelo and Charlie Cheever have raised a new $50 million round of funding for their Q&A site Quora, led by–surprise!–Facebook board member Peter Thiel. Read More