Venture Capitalism

Village Ventures Breaks Up the VC Band: Cofounders Head to Bain and Greycroft

Mr. Harris

Village Ventures is breaking up. Sort of,” Dan Primack writes in his Term Sheet newsletter this morning. The New York City-based early stage venture capital firm, which invested in notable startups like Dwolla, Zipmark, On Deck Capital, and Simple, will be losing co-founders Matt Harris and Bo Peabody. However the fund’s administration office, based in Williamstown, Massachusetts, will remain open “for the foreseeable future.”

Mr. Harris will be rejoining Bain Capital Ventures (the VC arm of the private equity firm founded by Mitt Romney), while Mr. Peabody will be moving to Greycroft Partners. Rather than citing consolidation in the VC sector (with the rich and well-connected getting more funding and deal flow), Mr. Harris tells Mr. Primack that it had more to do with lack of a coherent and scalable investment philosophy: Read More

Talent Crunch

Scopely Recruits Engineers Using the Same Advertising Strategy as DosXX and Old Spice

scopely

Stealth start-up Scopely, the Los Angeles-based brainchild of Eytan Elbaz, of Google AdSense fame, just scored an undisclosed round of funding–some of it from New Yorkers Lerer Ventures and TechStars’ David Tisch, as well as StockTwits’ Howard Lindzon and Greycroft Partners, so they’re staffing up.

The start-up already boasts 12 senior engineers. But to attract more, Scopely is taking an advertiser’s approach to recruiting, with slogans and images that  call to mind DosXX’s fawning “Most Interesting Man in the World” campaign and the absurdity of Old Spice’s man-on-a-horse spiel. It’s no surprise, really, some of its existing staff hails from storied ad agency Saatchi and Saatchi and Hollywood via Warner Brothers. At the top of the page, the tag line changes from “Was your autobiography written in Node.Js… before it was invented?” to “Were you able to handle 100,000 requests/second at your high school prom?” Below that, people who refer new hires are promised prizes like beard grooming oil, sex partner panther [Ed note: we'd be into either] cologne, and $11k cash wrapped in bacon. Mmm.

Think of it as the employer equivalent of the best cover letter ever. Read More