New Yahoo director Max Levchin, blogging about joining the company’s board: “Yahoo! showed me that computer geeks can start companies that create that future. I’d love to do my part in helping the company that inspired me.” [Max Levchin]
Twelve Seattle neighborhoods are getting faster Internet connections from Gigabit Squared and the University of Read More
Nintendo is releasing a Wii Mini on December 7th, just in time for the holidays. [The Verge]
Startup incubator Y Combinator has announced a VC program, allowing YC students access to guidance and an $80,000 investment from firms like Andreessen Horowitz and General Catalyst. The program will replace the Start Fund. [Y Combinator]
First we worried that tech sites were turning into press release regurgitation factories; now it turns out some of those press releases aren’t even true. Here’s how PRWeb helps distribute fake and sketchy press releases. [Search Engine Land]
Tumblr has broken into the top 10 sites in the U.S. with a worldwide audience of 170 million people. [Tumblr]
Don’t worry: the Pentagon says a human will always decide if a robot kills you. Feel better now? [Wired]
Kickstarter is being sued for patent infringement over a $3 million 3D printing project. [The Daily Dot]
Funding Ding Ding
Jewlery design and sales startup Chloe and Isabel has just raised a healthy $8.5 million Series A round led by General Catalyst.
This round follows on a $3.25 million in a seed round which the company raised just this January. That round was led by First Round Capital, Floodgate Fund, and angel investors including SV Angel Ron Conway, Founder Collectives’ Caterina Fake, Felicis Ventures’ Aydin Senkut, The Consigliere’s Mike Duda, Forerunner Ventures’ Kirsten Green, and Ashton Kutcher.
“We’ve been reading a lot about the series A crunch, so it was exciting to share the good news,” Lindsay Kaplan, their marketing director, told Betabeat by phone.
Drchrono started in New York almost three years ago with the goal of bringing the same principles of good design that rule companies like Square and Mint to electronic medical records. After a stint in the Rose Tech Ventures incubator, founders Daniel Kivatinos and Michael Nusimow skipped coasts to join Y Combinator. “The alumni of YC is a really powerful network,” Mr. Kivatinos told Betabeat in May, and right he was: The start-up just raised a $675,000 seed round from a dazzling line-up of investors including General Catalyst, Charles River Ventures, 500 Startups, Gmail creator and FriendFeed co-founder Paul Buchheit, Google’s Principal Engineer Matt Cutts, and the Start Fund (made up of investments from Yuri Milner and SV Angel).
Nodejitsu, a three-person start-up based out of General Assembly that’s basically bootstrapped themselves through a year of coding, just raised its first round of outside funding: $750,000, led by General Catalyst.
The Nodejitsu team is building a platform that takes advantage of the buzz around node.js, a relatively new technology that’s rapidly gaining popularity with developers. RRE Ventures and First Round Capital also participated, after Mr. Robbins was introduced to investors there through contacts at General Assembly.