Basel Bust? Artsy’s invite for its Art Basel party this year–thrown by Chanel–was positively littered with enticing cohosts. “On behalf of Carter Cleveland, Larry Gagosian, Wendi Murdoch, Peter Theil & Dasha Zhukova, we invite you to a beachside barbecue on Wednesday, December 5th in Miami Beach,” the invite said. Perhaps too enticing. “I ended up not going because it was such a shit show,” said one would-be guest. The tipster blamed the venue, noting that “the same thing happened last night at Amfar. It was a mess trying to get into the after party and there were 400 people waiting outside and inside it was a crowded mess.”
Typical for Art Basel, said the source, brushing off complaints. “Less so for tech startups ” Too bad they missed Demi Moore’s highly gif-able turn on the dance floor next to Lenny Kravitz. Perhaps our partier will have better luck with Tumblr, which is hosting its own Art Basel extravaganza tonight.
MESA+, a four-year old venture arm of the investment bank and strategic advisory firm MESA Global, is launching a $10 million venture fund today for seed stage and Series A investments. The fund will be allocated towards companies in consumer Internet, digital content, advertising, marketing, and commerce and focus on investments in New York, from the Mesa+’s Union Square headquarters.
“Since its inception, MESA has worked hard to connect startups with our network in the media and entertainment world,” the company said in a press release, noting that, “we are a startup ourselves.” The firm has ballooned from four people to more than 25, including its three partners: Jacob Brody, Andrew Montgomery, and Mark Patricof.
Tech Bubble Watch
There is a complex fan dance that goes on between start-ups and the institutions that support them. VCs and investment banks want to find and befriend the most promising start-ups before anyone else. At the same time, few of these promising young candidates will mature into profitable clients in the near future. Read More