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		<title>Startup News: Disrupting Burner Phones and Brunch With Jake Lodwick and Bre Pettis</title>

		<comments>http://betabeat.com/2013/03/startup-news-disrupting-burner-phones-and-brunch-with-jake-lodwick-and-bre-pettis/#comments</comments>
		<pubDate>Wed, 13 Mar 2013 15:35:22 -0400</pubDate>
					<link>http://betabeat.com/2013/03/startup-news-disrupting-burner-phones-and-brunch-with-jake-lodwick-and-bre-pettis/</link>
			<dc:creator></dc:creator>
				
		<guid isPermaLink="false">http://betabeat.com/?p=81734</guid>
		<description><![CDATA[<p><div id="attachment_81753" class="wp-caption alignleft" style="width: 310px"><a href="http://nyobetabeat.files.wordpress.com/2013/03/626px-tigerwoodsoct2011.jpg"><img class="size-medium wp-image-81753" alt="626px-TigerWoodsOct2011" src="http://nyobetabeat.files.wordpress.com/2013/03/626px-tigerwoodsoct2011.jpg?w=300" width="300" height="287" /></a><p class="wp-caption-text">Have we got the phone number for you, Mr. Woods! (Photo: Wikimedia)</p></div></p>
<p><b>Here’s A Tip</b>. Are you travelling outside the U.S. soon? Are you afraid of getting publicly humiliated by an Austrian waiter because you rounded his tip up to the nearest 5 percent, not 10? Well <a href="http://www.howmuchshouldifuckingtip.com/">How Much Should I Fucking Tip</a> has a goddam solution! Just type the country or city of your choice into the search bar and get the proper percent to tip at restaurants, at hotels, and in taxis. There are also convenient notes on countries with sneaky service charges, or specific parking rules. But don’t exit your browser until you’ve typed in “North Korea.”<!--more--></p>
<p><b>Bye-bye Burner Phone</b>. A <a href="https://callingvault.com/">CallingVault</a> number is the phone equivalent of your exclusive-to-Craigslist-Casual-Encounters email address. The virtual phone line provides you with a second phone number  to send/receive texts and calls from your cell without revealing your personal one. The website swears to vault-like protection of your most important conversations. Tiger Woods, we’re talking to you.</p>
<p><b>Movies, Yeah!</b> Exclusive actor and director interviews, little known facts, and interactive quizzes are making regular movie watching seem just plain vanilla. For $4.99 per 48-hour film rental, you can get meta with your favorite flicks instead. <a href="http://www.yeahtv.com/">YEAHTV.com</a> streams curated movie content around “iconic” movies like <i>Scream</i> and <i>Twilight: Breaking Dawn Part 2</i>. “Two months of in-depth research goes into every film curation,” so fans like us could learn about Lawrence Teirney’s on-set diva outbursts and discover firsthand if Robert Pattinson sparkles in the sunlight.</p>
<p><b>IHeartTraffic</b>. Now you can take a break between bass drops on your personalized EDM station to listen for tidbits about Mayor Bloomberg or for more information about how it’s <a href="http://www.youtube.com/watch?v=MG_LL9m7cl4">already raining</a>. <a href="http://www.iheart.com/">IHeartRadio</a> is expanding its radio access to things of importance. Listeners can now request geo-targeted local news, traffic, and weather updates via the “Add-Ins” feature.</p>
<p><b>Helping Journalists Help Themselves</b>. <a href="http://visualrevenue.com/">Visual Revenue</a> has been acquired by <a href="http://www.outbrain.com/">Outbrain</a> in an endeavor to help editors optimize their online content sharing. Outbrain aggregates data to increase site traffic, while Visual Revenue uses analytics to advise media companies on strategies that send viewers to flocking to their websites. Now blogs know where to send their thank you cards.</p>
<p><b>Poached!</b> Jennifer Barrett is leaving the women and teens digital network at Hearst to become vice president of editorial and product for <a href="http://dailyworth.com/">DailyWorth</a>. Is this a new venture to combine fashion and tech? Betabeat <i>has</i> been looking for the ideal shade of lipstick to compliment their cellphone…</p>
<p><b>Welcome to our Brunch Party</b>. What do techies talk about at the brunch table? Themselves mostly--and innovation. Elepath's Jake Lodwick, Beth Comstock of GE, Bre Pettis of Makerbot, and <a href="http://carladiana.com/blog/about-carla/">robot designer</a> Carla Diana get together at SXSW to interview each other.</p>
<p><span class='embed-youtube' style='text-align:center; display: block;'><iframe class='youtube-player' type='text/html' width='640' height='390' src='http://www.youtube.com/embed/lZdgwpW_dzs?version=3&#038;rel=1&#038;fs=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;wmode=transparent' frameborder='0'></iframe></span></p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_81753" class="wp-caption alignleft" style="width: 310px"><a href="http://nyobetabeat.files.wordpress.com/2013/03/626px-tigerwoodsoct2011.jpg"><img class="size-medium wp-image-81753" alt="626px-TigerWoodsOct2011" src="http://nyobetabeat.files.wordpress.com/2013/03/626px-tigerwoodsoct2011.jpg?w=300" width="300" height="287" /></a><p class="wp-caption-text">Have we got the phone number for you, Mr. Woods! (Photo: Wikimedia)</p></div></p>
<p><b>Here’s A Tip</b>. Are you travelling outside the U.S. soon? Are you afraid of getting publicly humiliated by an Austrian waiter because you rounded his tip up to the nearest 5 percent, not 10? Well <a href="http://www.howmuchshouldifuckingtip.com/">How Much Should I Fucking Tip</a> has a goddam solution! Just type the country or city of your choice into the search bar and get the proper percent to tip at restaurants, at hotels, and in taxis. There are also convenient notes on countries with sneaky service charges, or specific parking rules. But don’t exit your browser until you’ve typed in “North Korea.”<!--more--></p>
<p><b>Bye-bye Burner Phone</b>. A <a href="https://callingvault.com/">CallingVault</a> number is the phone equivalent of your exclusive-to-Craigslist-Casual-Encounters email address. The virtual phone line provides you with a second phone number  to send/receive texts and calls from your cell without revealing your personal one. The website swears to vault-like protection of your most important conversations. Tiger Woods, we’re talking to you.</p>
<p><b>Movies, Yeah!</b> Exclusive actor and director interviews, little known facts, and interactive quizzes are making regular movie watching seem just plain vanilla. For $4.99 per 48-hour film rental, you can get meta with your favorite flicks instead. <a href="http://www.yeahtv.com/">YEAHTV.com</a> streams curated movie content around “iconic” movies like <i>Scream</i> and <i>Twilight: Breaking Dawn Part 2</i>. “Two months of in-depth research goes into every film curation,” so fans like us could learn about Lawrence Teirney’s on-set diva outbursts and discover firsthand if Robert Pattinson sparkles in the sunlight.</p>
<p><b>IHeartTraffic</b>. Now you can take a break between bass drops on your personalized EDM station to listen for tidbits about Mayor Bloomberg or for more information about how it’s <a href="http://www.youtube.com/watch?v=MG_LL9m7cl4">already raining</a>. <a href="http://www.iheart.com/">IHeartRadio</a> is expanding its radio access to things of importance. Listeners can now request geo-targeted local news, traffic, and weather updates via the “Add-Ins” feature.</p>
<p><b>Helping Journalists Help Themselves</b>. <a href="http://visualrevenue.com/">Visual Revenue</a> has been acquired by <a href="http://www.outbrain.com/">Outbrain</a> in an endeavor to help editors optimize their online content sharing. Outbrain aggregates data to increase site traffic, while Visual Revenue uses analytics to advise media companies on strategies that send viewers to flocking to their websites. Now blogs know where to send their thank you cards.</p>
<p><b>Poached!</b> Jennifer Barrett is leaving the women and teens digital network at Hearst to become vice president of editorial and product for <a href="http://dailyworth.com/">DailyWorth</a>. Is this a new venture to combine fashion and tech? Betabeat <i>has</i> been looking for the ideal shade of lipstick to compliment their cellphone…</p>
<p><b>Welcome to our Brunch Party</b>. What do techies talk about at the brunch table? Themselves mostly--and innovation. Elepath's Jake Lodwick, Beth Comstock of GE, Bre Pettis of Makerbot, and <a href="http://carladiana.com/blog/about-carla/">robot designer</a> Carla Diana get together at SXSW to interview each other.</p>
<p><span class='embed-youtube' style='text-align:center; display: block;'><iframe class='youtube-player' type='text/html' width='640' height='390' src='http://www.youtube.com/embed/lZdgwpW_dzs?version=3&#038;rel=1&#038;fs=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;wmode=transparent' frameborder='0'></iframe></span></p>
]]></content:encoded>
		<wfw:commentRss>http://betabeat.com/2013/03/startup-news-disrupting-burner-phones-and-brunch-with-jake-lodwick-and-bre-pettis/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">ntikuobserver</media:title>
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			<media:title type="html">626px-TigerWoodsOct2011</media:title>
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		<title>Rachel Sterne and Jakob Lodwick Got Married This Weekend (But Not to Each Other)</title>

		<comments>http://betabeat.com/2012/07/rachel-sterne-maxime-haot-jakob-lodwick-robin-cantrell-wedding-reggie-watts07232012/#comments</comments>
		<pubDate>Mon, 23 Jul 2012 13:00:26 -0400</pubDate>
					<link>http://betabeat.com/2012/07/rachel-sterne-maxime-haot-jakob-lodwick-robin-cantrell-wedding-reggie-watts07232012/</link>
			<dc:creator>Nitasha Tiku</dc:creator>
				
		<guid isPermaLink="false">http://betabeat.com/?p=55635</guid>
		<description><![CDATA[<p><div id="attachment_55641" class="wp-caption aligncenter" style="width: 561px"><a href="https://twitter.com/#!/mikebodge/media/slideshow?url=http%3A%2F%2Finstagr.am%2Fp%2FNXad1muoyd%2F"><img class=" wp-image-55641  " style="margin:5px 10px;" title="jakob lodwick robin cantrell" src="http://nyobetabeat.files.wordpress.com/2012/07/jakob-lodwick.jpeg" alt="" width="551" height="551" /></a><p class="wp-caption-text">Mr. Lodwick, Mr. Watts, and Ms. Cantrell (Photo: Instagram/Mike Bodge)</p></div></p>
<p>Love must be in the sticky, humid, sweltering air this season. After <a href="http://betabeat.com/2012/07/another-facebook-cofounder-is-off-the-marriage-market-as-chris-hughes-weds/">three Facebook mafia nuptials</a> in a succession, New York techies are taking their turn at the altar.</p>
<p><em>The New York Times </em>covered<em> </em><strong>Rachel Sterne</strong>'s East Hamptons wedding to LiveStream founder and CEO <strong>Maxime Haot</strong> <a href="http://www.nytimes.com/2012/07/22/fashion/weddings/rachel-gorelick-sterne-and-maxime-haot-weddings.html?_r=1">twice</a> in the past two months, once in a <a href="http://www.nytimes.com/2012/06/03/fashion/weddings/drawing-wedding-guests-through-the-web.html">trend story about live-streaming your special day</a>. (Yes, they live-streamed it. No, you couldn't watch without a password.)</p>
<p>However, Vimeo cofounder <strong>Jakob Lodwick</strong>, perhaps burned by the public's response to previous <a href="http://gawker.com/308745/hey-quit-paying-attention-to-julia-allison-and-jakob-lodwick">displays of affection</a>, avoided the paper of record's <a href="http://gawker.com/altarcations/">carefully combed-over</a> Wedding section.</p>
<p><!--more--></p>
<p><div id="attachment_55680" class="wp-caption alignleft" style="width: 160px"><a href="http://nyobetabeat.files.wordpress.com/2012/07/659_10101291007242939_1689306519_n.jpeg"><img class="size-thumbnail wp-image-55680" title="Rachel Sterne Maxime Haot" src="http://nyobetabeat.files.wordpress.com/2012/07/659_10101291007242939_1689306519_n.jpeg?w=150" alt="" width="150" height="150" /></a><p class="wp-caption-text">(Photo: Facebook)</p></div></p>
<p>Besides, isn't that what <a href="http://richkidsofinstagram.tumblr.com/">Instagram is for</a>?</p>
<p>Earlier this week, Mr. Lodwick used the app to document the wedding ring tattoo he got at Three Kings in Greenpoint, noting that "It felt like they were sawing my finger off with a steak knife." On Saturday, guests tweeted photos of Mr. Lodwick's wedding to dancer and choreographer <strong><a href="http://robincantrell.com/">Robin Cantrell</a></strong>, director of the Indelible Dance Company. Mr. Lodwick directed a number of videos of comedian <strong>Reggie Watts</strong>, who officiated the ceremony by <a href="https://twitter.com/yourpalmal/status/226802271349010432">asking the bride</a>, "Do you promise to accept his eccentricities and reject his bullshit?"</p>
<p>Last December, we broke the news that Mr. Lodwick had <a href="http://betabeat.com/2011/12/exclusive-jake-lodwick-raises-1-2-m-to-build-elepath-a-software-studio/">raised around $1.5 million</a> from prominent New York investors like Chris Dixon, Lerer Ventures, David Karp, Bre Pettis and David Tisch without an idea for a product. Earlier this month, Mr. Lodwick <a href="http://elepath.com/what-is-elepath-like-2">offered some details</a> about the company's two projects: Debris, which he describes as an IRC with images, and Elevision, a platform that lets users discover and watch films and boasts a rather <a href="http://instagram.com/p/NPYH0TTQEN/">stunning logo</a>.</p>
<p>Skeptics of Mr. Lodwick's funding-before-idea concept take note. Elepath has already used its<a href="http://elepath.com/what-is-elepath-like-2"> "Darwinian framework" model </a>to axe development on an iPhone app called Cult that was supposed to help users make social plans. "It sort of worked, but while we were building it, we saw 30 other apps come out that did the same thing, and not get much traction. And even though Cult was different, it wasn’t different enough to stand out (or even to make US happy)." AMEN.</p>
<p style="text-align:left;">Ms. Sterne's ceremony concluded with <a href="https://twitter.com/whoisbenchang/status/227108599275597824/photo/1">fireworks on the water</a>. Mr. Lodwick offered guests a parting gift of <a href="http://nymag.com/news/features/artisanal-brooklyn-2012-4/">Mast Brothers chocolates</a> wrapped in what appears to be an illustration of <a href="https://twitter.com/yourpalmal/status/227248419062824960">the couple naked</a>. Artisanal Brooklyn's version of a <a href="http://techcrunch.com/2012/07/23/nick-biltons-hangover/">tiger-monkey photo booth</a>?<br />
<div class='embed-vimeo' style='text-align:center;'><iframe src='http://player.vimeo.com/video/363867' width='667' height='375' frameborder='0'></iframe></div><br />
<a href="http://vimeo.com/363867">Robin Cantrell</a> from <a href="http://vimeo.com/jakob">Jake Lodwick</a> on <a href="http://vimeo.com">Vimeo</a>.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_55641" class="wp-caption aligncenter" style="width: 561px"><a href="https://twitter.com/#!/mikebodge/media/slideshow?url=http%3A%2F%2Finstagr.am%2Fp%2FNXad1muoyd%2F"><img class=" wp-image-55641  " style="margin:5px 10px;" title="jakob lodwick robin cantrell" src="http://nyobetabeat.files.wordpress.com/2012/07/jakob-lodwick.jpeg" alt="" width="551" height="551" /></a><p class="wp-caption-text">Mr. Lodwick, Mr. Watts, and Ms. Cantrell (Photo: Instagram/Mike Bodge)</p></div></p>
<p>Love must be in the sticky, humid, sweltering air this season. After <a href="http://betabeat.com/2012/07/another-facebook-cofounder-is-off-the-marriage-market-as-chris-hughes-weds/">three Facebook mafia nuptials</a> in a succession, New York techies are taking their turn at the altar.</p>
<p><em>The New York Times </em>covered<em> </em><strong>Rachel Sterne</strong>'s East Hamptons wedding to LiveStream founder and CEO <strong>Maxime Haot</strong> <a href="http://www.nytimes.com/2012/07/22/fashion/weddings/rachel-gorelick-sterne-and-maxime-haot-weddings.html?_r=1">twice</a> in the past two months, once in a <a href="http://www.nytimes.com/2012/06/03/fashion/weddings/drawing-wedding-guests-through-the-web.html">trend story about live-streaming your special day</a>. (Yes, they live-streamed it. No, you couldn't watch without a password.)</p>
<p>However, Vimeo cofounder <strong>Jakob Lodwick</strong>, perhaps burned by the public's response to previous <a href="http://gawker.com/308745/hey-quit-paying-attention-to-julia-allison-and-jakob-lodwick">displays of affection</a>, avoided the paper of record's <a href="http://gawker.com/altarcations/">carefully combed-over</a> Wedding section.</p>
<p><!--more--></p>
<p><div id="attachment_55680" class="wp-caption alignleft" style="width: 160px"><a href="http://nyobetabeat.files.wordpress.com/2012/07/659_10101291007242939_1689306519_n.jpeg"><img class="size-thumbnail wp-image-55680" title="Rachel Sterne Maxime Haot" src="http://nyobetabeat.files.wordpress.com/2012/07/659_10101291007242939_1689306519_n.jpeg?w=150" alt="" width="150" height="150" /></a><p class="wp-caption-text">(Photo: Facebook)</p></div></p>
<p>Besides, isn't that what <a href="http://richkidsofinstagram.tumblr.com/">Instagram is for</a>?</p>
<p>Earlier this week, Mr. Lodwick used the app to document the wedding ring tattoo he got at Three Kings in Greenpoint, noting that "It felt like they were sawing my finger off with a steak knife." On Saturday, guests tweeted photos of Mr. Lodwick's wedding to dancer and choreographer <strong><a href="http://robincantrell.com/">Robin Cantrell</a></strong>, director of the Indelible Dance Company. Mr. Lodwick directed a number of videos of comedian <strong>Reggie Watts</strong>, who officiated the ceremony by <a href="https://twitter.com/yourpalmal/status/226802271349010432">asking the bride</a>, "Do you promise to accept his eccentricities and reject his bullshit?"</p>
<p>Last December, we broke the news that Mr. Lodwick had <a href="http://betabeat.com/2011/12/exclusive-jake-lodwick-raises-1-2-m-to-build-elepath-a-software-studio/">raised around $1.5 million</a> from prominent New York investors like Chris Dixon, Lerer Ventures, David Karp, Bre Pettis and David Tisch without an idea for a product. Earlier this month, Mr. Lodwick <a href="http://elepath.com/what-is-elepath-like-2">offered some details</a> about the company's two projects: Debris, which he describes as an IRC with images, and Elevision, a platform that lets users discover and watch films and boasts a rather <a href="http://instagram.com/p/NPYH0TTQEN/">stunning logo</a>.</p>
<p>Skeptics of Mr. Lodwick's funding-before-idea concept take note. Elepath has already used its<a href="http://elepath.com/what-is-elepath-like-2"> "Darwinian framework" model </a>to axe development on an iPhone app called Cult that was supposed to help users make social plans. "It sort of worked, but while we were building it, we saw 30 other apps come out that did the same thing, and not get much traction. And even though Cult was different, it wasn’t different enough to stand out (or even to make US happy)." AMEN.</p>
<p style="text-align:left;">Ms. Sterne's ceremony concluded with <a href="https://twitter.com/whoisbenchang/status/227108599275597824/photo/1">fireworks on the water</a>. Mr. Lodwick offered guests a parting gift of <a href="http://nymag.com/news/features/artisanal-brooklyn-2012-4/">Mast Brothers chocolates</a> wrapped in what appears to be an illustration of <a href="https://twitter.com/yourpalmal/status/227248419062824960">the couple naked</a>. Artisanal Brooklyn's version of a <a href="http://techcrunch.com/2012/07/23/nick-biltons-hangover/">tiger-monkey photo booth</a>?<br />
<div class='embed-vimeo' style='text-align:center;'><iframe src='http://player.vimeo.com/video/363867' width='667' height='375' frameborder='0'></iframe></div><br />
<a href="http://vimeo.com/363867">Robin Cantrell</a> from <a href="http://vimeo.com/jakob">Jake Lodwick</a> on <a href="http://vimeo.com">Vimeo</a>.</p>
]]></content:encoded>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">jakob lodwick</media:title>
		</media:content>

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			<media:title type="html">jakob lodwick robin cantrell</media:title>
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			<media:title type="html">Rachel Sterne Maxime Haot</media:title>
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		<title>Is IAC Trying to Sell Off Half of Vimeo?</title>

		<comments>http://betabeat.com/2012/02/is-iac-trying-to-sell-off-half-of-vimeo/#comments</comments>
		<pubDate>Tue, 07 Feb 2012 08:52:04 -0400</pubDate>
					<link>http://betabeat.com/2012/02/is-iac-trying-to-sell-off-half-of-vimeo/</link>
			<dc:creator>Adrianne Jeffries</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=28688</guid>
		<description><![CDATA[<p><img class="alignnone size-large wp-image-28692" style="margin-top: 5px; margin-bottom: 5px; margin-left: 10px; margin-right: 10px;" title="vimeo" src="http://nyobetabeat.files.wordpress.com/2012/02/vimeo1.jpg?w=1024&h=261" alt="" width="600" height="155" />It's possible that beloved New York startup scene original gangster <a href="http://Vimeo.com">Vimeo</a> could go the way of Seamless or Reddit, startups that spun out from their corporate owners.</p>
<p>IAC is seeking new investors to buy up a 25 percent stake in Vimeo, the video-sharing platform best known for being prettier than YouTube, as PandoDaily's new ace of the East Erin Griffith <a href="http://pandodaily.com/2012/02/06/iac-trying-to-sell-vimeo-seeking-300m-valuation/">reported</a> last night. While Ms. Griffith misspelled co-founder Jake Lodwick's name and at one point identified IAC as IAB, we're taking this story seriously. Is IAC, the owner of a wide range of successful (Match.com/OKCupid) to dubious (The Daily Beast) to very dubious (Ask.com, still identified as AskJeeves in SEC filings), really trying to sell half its hippest property just as Vimeo launches a <a href="http://venturebeat.com/2012/01/24/vimeo-new-design/">major redesign</a>?<!--more--></p>
<p>According to PandoDaily, IAC wants to keep a 50 percent non-controlling stake in the company, while selling 25 percent to new investors in order to raise $50 million and distributing 25 percent to its management team (which seems high). A look at IAC's <a href="http://sec.gov/Archives/edgar/data/891103/000104746912000530/a2207033z10-ka.htm">annual</a> and quarterly reports shows that Vimeo is still growing, although we don't know by how much, despite competitor's YouTube's slow encroachment on its turf. The revenues for IAC's "media and other" category last quarter is up 8 percent year over year, from $66.7 million in Q4 2010 to $72.4 million in Q4 of 2011, which IAC said reflected growth at Vimeo, CollegeHumor, Shoebuy, Pronto, the multimedia studio Electus and Ricky Van Veen's web TV studio experiment, Notional.</p>
<p>Regarding spinouts, on its most recent <a href="http://seekingalpha.com/article/333312-iac-interactivecorp-s-ceo-discusses-q4-2011-results-earnings-call-transcript?all=false&amp;find=vimeo">earnings call</a>, IAC <del>CEO Greg Blatt</del> Chairman Barry Diller said:</p>
<blockquote><p>"As far as the future, I think that depending upon what happens with this company, company is this IAC company, having gone through these multiple spin-offs over these last years, is right now, at very good size with very good prospects. <strong>And I think we are going to keep these configurations for a period of time depending upon what happens and grow things and all sorts of other issues pertains.</strong> But I don’t certainly contemplate it."</p></blockquote>
<p>But Vimeo also had increased operating expenses in 2011, IAC reports, and the company took a hit on "promotional expenditures related to Vimeo's 2010 video festival." As much as Mr. Diller reportedly loves Vimeo, it's an expensive little darling. It may be that IAC realized the division needs greater resources in order to keep up with YouTube's evolution toward higher definition video and a less-hideous interface.</p>
<p>IAC declined to comment on "speculation." Betabeat has reached out to sources and will continue looking into the story and its implications for <a href="http://vimeo.com/36108806">Laptop Tag</a>.</p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignnone size-large wp-image-28692" style="margin-top: 5px; margin-bottom: 5px; margin-left: 10px; margin-right: 10px;" title="vimeo" src="http://nyobetabeat.files.wordpress.com/2012/02/vimeo1.jpg?w=1024&h=261" alt="" width="600" height="155" />It's possible that beloved New York startup scene original gangster <a href="http://Vimeo.com">Vimeo</a> could go the way of Seamless or Reddit, startups that spun out from their corporate owners.</p>
<p>IAC is seeking new investors to buy up a 25 percent stake in Vimeo, the video-sharing platform best known for being prettier than YouTube, as PandoDaily's new ace of the East Erin Griffith <a href="http://pandodaily.com/2012/02/06/iac-trying-to-sell-vimeo-seeking-300m-valuation/">reported</a> last night. While Ms. Griffith misspelled co-founder Jake Lodwick's name and at one point identified IAC as IAB, we're taking this story seriously. Is IAC, the owner of a wide range of successful (Match.com/OKCupid) to dubious (The Daily Beast) to very dubious (Ask.com, still identified as AskJeeves in SEC filings), really trying to sell half its hippest property just as Vimeo launches a <a href="http://venturebeat.com/2012/01/24/vimeo-new-design/">major redesign</a>?<!--more--></p>
<p>According to PandoDaily, IAC wants to keep a 50 percent non-controlling stake in the company, while selling 25 percent to new investors in order to raise $50 million and distributing 25 percent to its management team (which seems high). A look at IAC's <a href="http://sec.gov/Archives/edgar/data/891103/000104746912000530/a2207033z10-ka.htm">annual</a> and quarterly reports shows that Vimeo is still growing, although we don't know by how much, despite competitor's YouTube's slow encroachment on its turf. The revenues for IAC's "media and other" category last quarter is up 8 percent year over year, from $66.7 million in Q4 2010 to $72.4 million in Q4 of 2011, which IAC said reflected growth at Vimeo, CollegeHumor, Shoebuy, Pronto, the multimedia studio Electus and Ricky Van Veen's web TV studio experiment, Notional.</p>
<p>Regarding spinouts, on its most recent <a href="http://seekingalpha.com/article/333312-iac-interactivecorp-s-ceo-discusses-q4-2011-results-earnings-call-transcript?all=false&amp;find=vimeo">earnings call</a>, IAC <del>CEO Greg Blatt</del> Chairman Barry Diller said:</p>
<blockquote><p>"As far as the future, I think that depending upon what happens with this company, company is this IAC company, having gone through these multiple spin-offs over these last years, is right now, at very good size with very good prospects. <strong>And I think we are going to keep these configurations for a period of time depending upon what happens and grow things and all sorts of other issues pertains.</strong> But I don’t certainly contemplate it."</p></blockquote>
<p>But Vimeo also had increased operating expenses in 2011, IAC reports, and the company took a hit on "promotional expenditures related to Vimeo's 2010 video festival." As much as Mr. Diller reportedly loves Vimeo, it's an expensive little darling. It may be that IAC realized the division needs greater resources in order to keep up with YouTube's evolution toward higher definition video and a less-hideous interface.</p>
<p>IAC declined to comment on "speculation." Betabeat has reached out to sources and will continue looking into the story and its implications for <a href="http://vimeo.com/36108806">Laptop Tag</a>.</p>
]]></content:encoded>
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			<media:title type="html">jhanasobserver</media:title>
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		<title>Exclusive: Jake Lodwick Raises $1-2 M. To Build Elepath, a Software Studio</title>

		<comments>http://betabeat.com/2011/12/exclusive-jake-lodwick-raises-1-2-m-to-build-elepath-a-software-studio/#comments</comments>
		<pubDate>Fri, 16 Dec 2011 08:23:24 -0400</pubDate>
					<link>http://betabeat.com/2011/12/exclusive-jake-lodwick-raises-1-2-m-to-build-elepath-a-software-studio/</link>
			<dc:creator>Ben Popper</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=24359</guid>
		<description><![CDATA[<p><div id="attachment_24360" class="wp-caption alignleft" style="width: 310px"><img class="size-medium wp-image-24360 " title="jake lodwick" src="http://nyobetabeat.files.wordpress.com/2011/12/jake-lodwick.jpg?w=300&h=300" alt="" width="300" height="300" /><p class="wp-caption-text">Who dreams of electric sheep</p></div></p>
<p>Vimeo co-founder and internet eccentric Jake Lodwick has just raised around $1.5 million from a gaggle of big name New York tech types including Chris Dixon, Lerer Ventures, David Karp, Bre Pettis and David Tisch. The interesting part is, he doesn't have an idea for a product, at least not yet.</p>
<p>"I just don't think it makes sense to have a product idea, THEN raise money, THEN build a team," Mr. Lodwick told Betabeat over Gchat last night. "People need to trust each other and build up momentum as a team and once we have that, we can drop everything and focus on a great product idea."</p>
<p><!--more--></p>
<p>The pitch to investors was about Mr. Lodwick's theory of the most fertile ground for big inspiration. "Most great tech companies have a ripe team before they do something great. HP, Apple, Yahoo, Google, there's always a story about a great team or duo that was working well together and stumbled on their product."</p>
<p>We asked if this would be something like betaworks, or perhaps what Kevin Rose is doing with his mobile lab, Milk. "People have asked me if it's an incubator or a 'labs', and I don't really know what to say. I don't know exactly what those words mean, I'm just going to improvise."</p>
<p>As to what kind of product ideas he wanted to play with, Mr. Lodwick was coy. "It's called <a href="http://mydunks.it/" target="_blank">mydunks.it</a>. It's better than NBA jam. It's a universal 'like' button for the web, but instead of 'likes' it's 'dunks.'"</p>
<p>We were suspicious. "Actually we're working with some of the best cartoon-realistic animators on the web. It's one part foursquare and four parts onesquare," Mr. Lodwick said.</p>
<p>So basically, there was no idea yet, just the focus on the perfect team? "It was fun raising money with no cofounders or product ideas," Mr Lodwick concluded. "Entrepreneurs always get distracted by fundraising, so I just did that part first."</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_24360" class="wp-caption alignleft" style="width: 310px"><img class="size-medium wp-image-24360 " title="jake lodwick" src="http://nyobetabeat.files.wordpress.com/2011/12/jake-lodwick.jpg?w=300&h=300" alt="" width="300" height="300" /><p class="wp-caption-text">Who dreams of electric sheep</p></div></p>
<p>Vimeo co-founder and internet eccentric Jake Lodwick has just raised around $1.5 million from a gaggle of big name New York tech types including Chris Dixon, Lerer Ventures, David Karp, Bre Pettis and David Tisch. The interesting part is, he doesn't have an idea for a product, at least not yet.</p>
<p>"I just don't think it makes sense to have a product idea, THEN raise money, THEN build a team," Mr. Lodwick told Betabeat over Gchat last night. "People need to trust each other and build up momentum as a team and once we have that, we can drop everything and focus on a great product idea."</p>
<p><!--more--></p>
<p>The pitch to investors was about Mr. Lodwick's theory of the most fertile ground for big inspiration. "Most great tech companies have a ripe team before they do something great. HP, Apple, Yahoo, Google, there's always a story about a great team or duo that was working well together and stumbled on their product."</p>
<p>We asked if this would be something like betaworks, or perhaps what Kevin Rose is doing with his mobile lab, Milk. "People have asked me if it's an incubator or a 'labs', and I don't really know what to say. I don't know exactly what those words mean, I'm just going to improvise."</p>
<p>As to what kind of product ideas he wanted to play with, Mr. Lodwick was coy. "It's called <a href="http://mydunks.it/" target="_blank">mydunks.it</a>. It's better than NBA jam. It's a universal 'like' button for the web, but instead of 'likes' it's 'dunks.'"</p>
<p>We were suspicious. "Actually we're working with some of the best cartoon-realistic animators on the web. It's one part foursquare and four parts onesquare," Mr. Lodwick said.</p>
<p>So basically, there was no idea yet, just the focus on the perfect team? "It was fun raising money with no cofounders or product ideas," Mr Lodwick concluded. "Entrepreneurs always get distracted by fundraising, so I just did that part first."</p>
]]></content:encoded>
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		<slash:comments>9</slash:comments>
	
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