Every day, we hear more from investors and founders about the growth of the New York startup ecosystem — hell, it seems like there’s a new Demo Day every time we get back from the last one. And wherever there are promising startups to fund, you can bet the money will follow.
NYC firm Lerer Read More
To survive in this materialistic, stuff-oriented world, one must have an arsenal of beauty and fashion websites at the ready. One such site, Refinery29, has just raised another $20M, in a Series C round of funding. The company will use the cash to expand its mobile offerings, which means it’ll soon be easier than ever to take in endless hair how-tos and moody street-style pics from the comfort of your iPhone.
The Dodo! It’s happening. Former Salon honcho Kerry Lauerman stands at the helm of the soon-to-debut animal-themed site, Popular Science writer Dan Nosowitz has hopped aboard as founding editor, and of course let’s not forget backer Ken Lerer and his daughter, Isabel.
The latest update: The startup has filed a Form D announcing it’s raised $1.2 million in capital. Presumably that money comes from Mr. Lerer, who announced back in the summer he’d be backing the site and offering office space. (We’ve reached out to confirm and will update if we hear anything back.)
There’s a little more money in Long Island City today. Songza, which offers up playlists to suit your every mood, just announced a $4.7 million round of funding from a small mob of investors, including Lerer Ventures, Amazon.com, Scooter Braun, William Morris Endeavor, Deep Fork Capital, Metamorphic Ventures, Troy Carter, Gary Vaynerchuk, and others.
There’s a little shuffling in the city’s VC scene this morning. VC Steve Schlafman has announced (via his Tumblr) that he’ll be leaving Lerer Ventures to join RRE. He’ll be a principal focused on Series A investments (as opposed to his seed stage work at Lerer).
We like to imagine that when you leave Lerer you get Smirnoff iced as a send-off, but maybe that’s just us.
Mini Martha and ex-Googler Brit Morin is expanding her arts and crafts empire with a fresh $6.3 million Series A, according to Business Insider. Ms. Morin, who’s married to Path cofounder Dave Morin and is known for creating colorful drawings on restaurant table cloths, raised the round from a number of bold-faced names, including Lerer Ventures and Marissa Mayer.
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Looks like the tech industry is still poaching from Wall Street, and the WSJ is ON IT! [Wall Street Journal]
Facebook’s first quarter results are in, and it looks like the company’s mobile ad revenue is finally increasing. [New York Times]
The father-son duo of NYC-based VC firm Lerer Ventures is launching a website in conjunction with Mayors Against Illegal Guns called StoptheNRA.com. [TechCrunch]
Now that the neckbeard lobby is growing in influence, can Hollywood A-listers master the Reddit AMA without having another Rampart situation on their hands? [LA Times]
Now New York Senator Chuck Schumer is going after patent trolls. Perhaps he’s jealous of all Mayor Bloomberg’s startup cred? [TechCrunch]
“Hey guys, we can make TV too!” – AOL [Adweek]
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Twenty New York startups are competing to be featured in the second season of our web series The Pitch. But only 10 will move on for a chance to pitch investors–Steve Schlafman of Lerer Ventures and Nikhil Kalghatgi of SoftBank Capital–and win funding for their idea. And you get to decide!
Check out the slideshow and vote for your favorite startups to make it to the next round.
The topography of New York’s tech scene has changed since 2011, when we first peeked behind closed doors to document the fundraising process for season one of The Pitch. According to the latest reports, venture capitalists are investing more money in more local tech startups, luring expats from fashion and Wall Street Read More