Closing Time

(Photo: Mr. Berry)

Soho TechLabs Shuts Down Social Travel Site CasaHop

Back in April 2012, the HuffPo cabal-backed Soho TechLabs launched a social travel site called CasaHop that allowed users to “connect with people worldwide to trade homes for vacations and more.” Now, Soho TechLab’s CEO Paul Berry told Betabeat that the incubator is shutting down CasaHop in order to focus more on RebelMouse, a tool for building social webpages that has seen explosive growth in recent months.

“CasaHop never gained the traction it needed,” Mr. Berry told Betabeat by phone. “The timing was off. Airbnb is really in a winner takes all situation in this area. I hope one day someone is going to break out and make this an enormous idea because I love home exchanges, but too few people feel comfortable with other people staying in their place while they’re away.” Read More

Internet Art

10 Photos

Wyoming

NowThis News Goes Retro, Narrates the Election With Twitter ASCII Art

NowThis News, the recently launched video news site created by ex-HuffPo founders Eric Hippeau and Ken Lerer, opted for an old-fashioned approach to deliver election results on a new-fangled platform. As the tweets poured by at an impossible-to-follow rate, NowThis News stuck out with a very web 1.0 approach: ASCII art.

The NowThis site (formerly called Planet Daily) currently pulls in newsy video clips from sites like Twitter, Facebook and–most typically–Buzzfeed, another Lerer Ventures portfolio company. The company’s Twitter handle, @NowThisNews, is run by its social editor, Drake Martinet, who’s also an adjunct professor at Stanford. Mr. Martinet said that 90 percent of the video content on the site is produced by the NowThis team. Read More

The Third Degree

Mr. Hippeau (Photo: Twitter)

Q&A with Eric Hippeau: Lerer Ventures’ New $36 M. Fund and the ‘Golden Age’ for NYC Entrepreneurs

Earlier today, Lerer Ventures revealed that the early stage investment firm–a powerful, active force in growing New York’s startup ecosystem–has raised its biggest fund yet. While raw SEC filings first indicated that Lerer Ventures was raising $30 million, the deal closed at $36 million. That’s more than $64 million combined in less than two years.

Partners Ken Lerer, Ben Lerer, Eric Hippeau, and Jordan Cooper have backed some of the most high-profile companies from New York’s new class of tech startups, like Warby Parker, MakerBot, OnSwipe, and Birchbox. Lerer Ventures has also had a number of notable exits, like GroupMe (acquired by Skype), Mr. Cooper’s startup HyperPublic (acquired by Groupon), and Venmo (acquired by Braintree). In fact, the Huffington Post mafiosos–Ken Lerer and Mr. Hippeau are both veterans–have been so busy building “the largest infrastructure in New York for entrepreneurs” that they apparently haven’t had time to move Venmo into the “Exits” list on the firm’s website.

Betabeat spoke to Mr. Hippeau this afternoon after his firm’s new fund and why we’re in “the golden age for entrepreneurs in New York.” Read More

shameless rumormongering

(Photo: QLabs)

Rumor Roundup: AOL Is Sunsetting QLabs, Ron Jeremy Has Friends In Tech Places

Good news, Silicon Alley denizens. After much demand from fellow gossip-mongers, Betabeat has decided to resurrect your favorite recurring Friday feature. Welcome back to Rumor Roundup! Overheard a juicy tidbit about impending departures or imminent acquisitions? Dying to dish about startup blunders or frothy financing? Holler at your girls: tips@betabeat.com

THE SUN SOMETIMES SETS ON THE AOL EMPIRE Multiple sources have told Betabeat that AOL Ventures plans on shutting down QLabs–the press-shy experimental think tank in Soho located at 670 Broadway. ”The time frame must be darn near immediate,” one source told Betabeat, alluding to some urgency around winding down existing projects. ”It’s dead,” said a source with indirect knowledge of the decision. “Their funding ran out,” the second source added, speculating that the initiative had a set funding size, but “nothing yielded.” Read More

Hires and Fires

Ms. Zaleski (LinkedIn.com)

Planet Daily Nabs Itself A Managing Editor From The Washington Post

Planet Daily, the video startup from Ken Lerer, is putting some of that $5 million in venture money to work with a big hire. Poytner reports that the would-be “CNN killer” has poached the Washington Post‘s executive director of digital news, Katharine Zaleski, to serve as managing editor.

From the email that went around the Post: 

After two and a half years inspiring and leading digital change here at The Post, Katharine Zaleski is returning to New York to take on a new role as managing editor of a startup media venture under the working name, “Planet Daily”. The idea is to build a 24-hour video channel for the mobile and social web. For Katharine, it’s a chance to get her old band back together: her key partners in the new project were her associates at The Huffington Post, Ken Lerer and Eric Hippeau.

Are Mr. Lerer and Mr. Hippeau indeed getting the old band back together? We reached out to Lerer Ventures, but they had no comment.

Stealth Mode

Mr. Lerer (lererventures.com)

HuffPo Cofounder Ken Lerer’s Stealth Video Startup Has a Working Name: Planet Daily

Do the guys over at Soho Tech Labs ever sleep? It would appear that the answer is no. Not only are they busy incubating social home exchange service CasaHop, which soft launches this week, but they’re also working on a video news startup aimed at the “Jon Stewart set.” Today, RebelMouse CEO and ex-HuffPo CTO Paul Berry told Business Insider that the previously-unnamed video startup has been giving a working title: Planet Daily. Read More

Cordcutting

ken-lerer

HuffPo Cofounder Ken Lerer Launches Stealthy Online Video News Startup for the Jon Stewart Set

Huffington Post cofounder Ken Lerer is apparently at work on a stealthy startup aimed to “attract a generation of Web natives who watch Jon Stewart but not CNN or Fox News,” reports Peter Kafka at AllThingsD. Internet locals who love Jon Stewart and loathe cable news . . . wait, is he talking about Betabeat??

The startup is so stealth it doesn’t even have a name yet, although it’s already hiring. The service will function as a joint venture between Lerer Ventures, Mr. Lerer’s seed stage VC firm, and Bedrocket Media Ventures, the video studio and incubator he cofounded shortly after selling HuffPo to AOL for a cool $315 million. Read More

The Incubators

soho tech labs

New Startup Incubator Soho TechLabs Is Hiring [UPDATED]

Soho TechLabs, the fledgling startup incubator formed by several Huffington Post refugees, announced via an inaugural tweet today that they’re recruiting early founders and employees. The company, backed by Lerer Ventures, was originally announced in Ad Age in January; it will be lead by a team of ex-Huffpoers, including founders Paul Berry, Jonah Peretti and Ken Lerer, as well as former Huffington Post president Greg Coleman. As we previously reported, the new incubator will be housed at 560 Broadway, the current home of Lerer Ventures. Read More

Personalities

20 Photos

'Going Viral'

Jonah Peretti’s Meme Streak

Jonah Peretti’s office has two glass walls, two white walls and no decoration except for a giant, multicolored rectangle, with blue and violet hues fading upward and coalescing into a tight little rainbow wheel at the top. The Brooklyn artist Cory Archangel, a friend of Mr. Peretti’s, makes these “gradient paintings” with one click in Photoshop, blows them up and sells them for lots of money, Mr. Peretti said. It is, in his words, “kind of a joke.”

Mr. Peretti, 38, a navy-eyed, wavy-haired nerd-king with a machine-gun giggle, was a cofounder of the Huffington Post before he moved on to other things. He likes these gradient paintings a lot. His Twitter page is also a gradient. Mr. Peretti, a career mischief maker with a “great, sort of trollish sense of humor,” as one former employee put it, likes jokes best when they’re subversive. He’s infamous for arguing that Mormonism is superior to Judaism because of its growing numbers, a shtick he uses in presentations. As a grad student at MIT in 2001, he ordered a pair of custom Nikes embroidered with the word “sweatshop,” extracting a series of awkward emails from an unlucky customer service rep. He forwarded the emails to a few friends, who forwarded them to their friends, and so on. Literally millions of people have read them. Read More