shameless rumormongering

Rumors & Acquisitions: Fear of Facebook

rumormonger

FACEBOOK FEVER. Facebook is opening an engineering office in New York. “For us this isn’t a satellite office, this is going to be a core part of our engineering stack,” said a company exec today. So how does the still-nascent New York tech scene feel about the arrival of such a giant?

“I mean, Google is freakin’ massive, and they’ve almost had no effect on the community,” Hacker Union head and 10gen engineer Brandon Diamond told us by Gchat. “They’re trying to get out there, but they seem to be awful insular. I wouldn’t be surprised if Facebook is the same way… it will probably help more than it hurts. Fb obviously isn’t banking on the ‘tremendous number of hackers living in NYC.’ Instead, I think they believe they’ll be able to woo many new hackers with the added bonus of being in a cool city. It’s a boon.”

As to whether the new office will lure back some of the talent Facebook poached in the form of Drop.io, Hot Potato, Daytum and Mail Rank, but survey says no. “I don’t suspect? Highly doubt it, actually,” says a source, regarding the Hot Potatoes. Read More

Heaven Sent

Can New York Angels Change With the Times?

angel investor

Last week Adam Neary, founder of the startup Profitably, laid out the saga of finding funding for his company over the past year. In the post, he threw some digs at the venerable investing group, the New York Angels.

After 13 weeks and a commitment from one member to lead the round, Mr. Neary ended up with nothing when the investor missed his closing deadline. “No doubt, there are a handful of credibly amazing investors who attend their meetings, but from my perspective, clearly the New York Angels process is broken.” Read More