Fresh Capital

Scroll Up! Bushwick-Based Mini-Startup Scores $222 K. After a Pivot and 16 Months of Ramen

Scrll screen shot

Cody Brown and Kate Ray graduated from NYU in 2010, taught themselves to code and built Kommons–a platform for crowdsourcing questions through Twitter and attempting to peer pressure an answer from public personalities. It didn’t, as they say, get traction. So they built another thing, “Nerd Collider,” a platform for hosting text-centric discussions between experts on the web, sort of like the New York Times’s Opinionator blog. Their latest product, Scroll, is a simple single-page HTML editor that allows publishers to lay out a fancy-looking page that mimics the flexibility designers have for formatting on the printed page. Bonus: the web page is¬†automatically-formatted to look as good on the web as it does on the iPad. Read More

Visiting Dignitaries

The Knight Foundation Taps Jumo’s Chris Hughes to Go After Media Like a Venture Capitalist

Mr. Hughes via Crunchbase

The Knight Foundation, which sponsors innovative projects in journalism, just named the “first ever digital appointments” to its board, reports Businessweek.

They include Facebook co-founder Chris Hughes, Joichi Ito from MIT’s Media Lab (an early investor in Twitter, Flickr and Technorati), as well as John Palfrey, who runs Harvard’s Berkman Center for Internet & Society and works as an adviser at Highland Capital Partners.

Mr. Hughes told Businessweek, “We need to be approaching these questions and these problems with an attitude more akin to venture capital, than with the attitude of a foundation.” Read More