Booting Up: Sometimes a VC Needs to Dress Like Psy to Build His Brand

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David Einhorn, whose hedge fund Greenlight Capital has a large stake in Apple, took to the airwaves yesterday and touted a plan in which the iPhone maker would issue preferred shares as a means of returning cash to investors and boosting the share price: “Steve is not with us anymore, and that is negative in many ways, but it is positive because Apple doesn’t have to be committed to that way of thinking at this point in time.” [Bloomberg Television]

LinkedIn beat Wall Street expectations when it announced quarterly earnings yesterday, and anticipated future revenue growth tied to raising the rates it charges customers for professional services. [BusinessInsider]

Venture capitalists are going further and further to build their brands these days, but that doesn’t mean entrepreneurs should believe the hype. Ask First Round Capital’s Josh Kopelman, who dressed up as a certain YouTube sensation for his firm’s holiday video: “I know many super-angels who have gotten a lot of press. Some of them aren’t so super, and some of them are not very angelic.” [PandoDaily]

Chris Hughes had enough influence in Washington to score an interview with President Barack Obama for the relaunch of The New Republic. The Facebook cofounder could soon have even more pull: His husband, Sean Eldridge, is running for Congress in an upstate New York district. [Mashable]

For a couple million bucks, the NFL could have rented a few bus-sized diesel generators and accompanying equipment and avoided the Super Bowl blackout. [Wired]

Buy Local

Shopping Sites According to Their VCs? First Round Capital Showcases Exclusive Deals From Its Portfolio

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Here’s a novel idea for flexing your consumerist impulses on Cyber Monday: organize your shopping by a company’s cap table. For Cyber Monday, First Round Capital, which specializes in ecommerce, has set a site that shows off exclusive deals from portfolio companies like Birchbox, Chloe & Isabel, Refinery 29, Hotel Tonight, UrbanSitter, TaskRabbit, DogVacay, One Kings Lane, and more.

Honestly, we’re surprised New York techies haven’t already set up a buy local site that encourages only shopping at startups for Christmas. Read More

Venture Capitalism

Former First Round Capital Principal Charlie O’Donnell Launches Brooklyn Bridge Ventures, a Seed Stage Fund


On his blog this morning, New York City tech stalwart Charlie O’Donnell announced the creation of a new seed investment fund called Brooklyn Bridge Ventures. Mr. O’Donnell, who used to bike the 9.2 miles from his home in Bay Ridge to his last job—principal at First Round Capital in Union Square—says his is the first venture capital fund based in Brooklyn and that the borough “has the potential to be the very best place in the world to start a technology business.”

Business Insider‘s sources say Mr. O’Donnell’s fund will be $10 million. Betabeat has heard somewhere in the range of $10 million to $20 million and that Quotidian Ventures might be his first big LP, although Mr. O’Donnell would not return earlier calls to confirm. We have reached out to Quotidian and will update the post when we hear back. Read More