Always Be Hustlin'
If Betabeat just closed a $350,000 round of funding from folks like Dave McClure, Eric Ries and Esther Dyson, we’re pretty sure we’d spend the next day hungover trying to form our piles of cash into a Scrooge McDuck-like money pool.
Not so Tout founder Tawheed “TK” Kader, whose app attempts to solve the problem of repetitive email. “Its that magical moment right? Its what you’d been waiting for right? The press starts writing about you, the congratulations come flying in. You’ve made it. Right? Wrong.”
Deal With It
Daily deal aggregator Yipit just raised a $6 million B round led by Highland Capital partners with participation from previous backers RRE, DFJ Gotham and IA Ventures.
“We are hoping to expand in three ways,” says co-founder Vinicius Vicanti. “One is on the data side, where we will be analyzing and packing all the Read More
Shelby.tv founder Reece Pacheco was reportedly fielding offers for $200,000 in funding minutes after getting offstage at the TechStars NY demo day.
The company was initially aiming for a $500,000 seed round, but has since graduated to a what Onswipe’s Jason Baptiste calls a “series Awesome”.
Betabeat learned today that Shelby.tv plans to double Read More
According to a report in the Wall Street Journal, Foursquare is looking to raise an additional $20-40 million this summer at a $500 million valuation.
Betabeat chatted with several sources this week who suggested that the company would definitely be returning to previous backers Union Square Ventures and Adreessen Horowitz for some of this new capital.
Dennis Crowley just got back from a West Coast tour where he visited Apple and was spotted dining with Google. Today Foursquare’s head of recruiting checked in along Sand Hill Road at Andreessen Horowitz.
Got any more insight?
Red-hot NYC startup GroupMe has raised $10.6 million in its second round of funding. The investment was led by Khosla Ventures whose partner David Wieden joined GroupMe’s board.
New York VCs also got in on the deal: Lerer Ventures, Betaworks and First Round Capital all participated.
The service, which lets users create text messaging groups Read More
Tumblr has just raised a monster funding round, reported to be in the area of $25 to 30 million at a valuation of $135 million.
Dan Primack over at Fortune put a figure on this new round, which had been reported, sans financial details, by Business Insider last week.
BI hinted that Sequoia Capital Read More