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		<title>InVision Picks Up the Latest Investment From the NYC Entrepreneurial Fund</title>

		<comments>http://betabeat.com/2012/05/invision-picks-up-the-latest-investment-from-the-nyc-entrepreneurial-fund/#comments</comments>
		<pubDate>Thu, 03 May 2012 15:09:15 -0400</pubDate>
					<link>http://betabeat.com/2012/05/invision-picks-up-the-latest-investment-from-the-nyc-entrepreneurial-fund/</link>
			<dc:creator>Kelly Faircloth</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=43756</guid>
		<description><![CDATA[<p><div id="attachment_43761" class="wp-caption alignleft" style="width: 310px"><a href="http://www.betabeat.com/2012/05/03/invision-picks-up-the-latest-investment-from-the-nyc-entrepreneurial-fund/2783d27/" rel="attachment wp-att-43761"><img class="size-medium wp-image-43761" title="2783d27" src="http://nyobetabeat.files.wordpress.com/2012/05/2783d27.jpg?w=300&h=300" alt="" width="300" height="300" /></a><p class="wp-caption-text">Mr. Valberg. (LinkedIn.)</p></div></p>
<p>The latest addition to the NYC Entrepreneurial Fund’s growing portfolio: <a href="http://www.invisionapp.com/" target="_blank">InVision</a>, a design-centric UI prototyping tool. The company will receive $200,000 in order to staff up, which will in turn allow the polishing up of version two of its software, which will incorporating richer collaboration and a full suite of project management tools.</p>
<p>Said EDC president Seth Pinsky in a statement released earlier today: “This investment is another example of the Bloomberg Administration’s strong commitment to supporting our City’s talented entrepreneurs and creating conditions that will allow for continued growth within our emerging technology sector.”<!--more--></p>
<p>This isn’t InVision’s first injection of seed capital. The company has already raised<a href="http://techcrunch.com/2012/02/22/invision-raises-1-5m-for-beautiful-interactive-prototypes/" target="_blank"> $1.5 million in VC funding</a>. Most of the money comes from local firm FirstMark Capital (which also manages the NYC Entrepreneurial Fund), though $600,000 comes from others.</p>
<p>InVision CEO Clark Valberg explained to Betabeat that the company’s big idea is that there’s been a shift in who makes stuff, from engineers to designers: “So if design is not only of great importance, but of primary value, how do we get the next generation of software to match what people expect and what people need?” The answer, he believes, is that, “we have to put the reigns in the hands of the designers, not the engineers.” InVision’s platform allows designers to build interactive web and mobile prototypes without relying on coders.</p>
<p>Asked how his team will use the money, Valberg mentioned staffing up. “The whole idea is just making sure we have the right people to get to that big hairy goal,” he said.</p>
<p>But he’s not ignoring the intangible upsides of being associated with the city, either. “There’s obviously also a great strategic benefit in having New York City involved in the conversation. The mayor’s office is extremely supportive of the local tech community, which means you go the right functions, getting introduced to the right designers, the right developers.”</p>
<p>“When you’re in the club, there’s definitely benefits,” he added.</p>
<p>The next step for the company is releasing version two of its platform, which will emphasize richer commenting and collaboration, as well as a suite of  general project management tools and user testing. Valberg sees a competitor in <a href="http://www.balsamiq.com/" target="_blank">Balsamiq</a>, but argues InVision's designer focus is a differentiator. He believes InVision's technology is a generation ahead of the newly released <a href="http://www.adobe.com/products/creativecloud.html" target="_blank">Adobe Creative Cloud</a>.</p>
<p>Valberg told us they’ve just crossed 26,000 total signups, and as of today, 19,942 projects have been created on the platform. That’s since launching last July. Their website boasts users at Google, Twilio, Whole Foods, Zappos, Kickstarter, and IDEO.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_43761" class="wp-caption alignleft" style="width: 310px"><a href="http://www.betabeat.com/2012/05/03/invision-picks-up-the-latest-investment-from-the-nyc-entrepreneurial-fund/2783d27/" rel="attachment wp-att-43761"><img class="size-medium wp-image-43761" title="2783d27" src="http://nyobetabeat.files.wordpress.com/2012/05/2783d27.jpg?w=300&h=300" alt="" width="300" height="300" /></a><p class="wp-caption-text">Mr. Valberg. (LinkedIn.)</p></div></p>
<p>The latest addition to the NYC Entrepreneurial Fund’s growing portfolio: <a href="http://www.invisionapp.com/" target="_blank">InVision</a>, a design-centric UI prototyping tool. The company will receive $200,000 in order to staff up, which will in turn allow the polishing up of version two of its software, which will incorporating richer collaboration and a full suite of project management tools.</p>
<p>Said EDC president Seth Pinsky in a statement released earlier today: “This investment is another example of the Bloomberg Administration’s strong commitment to supporting our City’s talented entrepreneurs and creating conditions that will allow for continued growth within our emerging technology sector.”<!--more--></p>
<p>This isn’t InVision’s first injection of seed capital. The company has already raised<a href="http://techcrunch.com/2012/02/22/invision-raises-1-5m-for-beautiful-interactive-prototypes/" target="_blank"> $1.5 million in VC funding</a>. Most of the money comes from local firm FirstMark Capital (which also manages the NYC Entrepreneurial Fund), though $600,000 comes from others.</p>
<p>InVision CEO Clark Valberg explained to Betabeat that the company’s big idea is that there’s been a shift in who makes stuff, from engineers to designers: “So if design is not only of great importance, but of primary value, how do we get the next generation of software to match what people expect and what people need?” The answer, he believes, is that, “we have to put the reigns in the hands of the designers, not the engineers.” InVision’s platform allows designers to build interactive web and mobile prototypes without relying on coders.</p>
<p>Asked how his team will use the money, Valberg mentioned staffing up. “The whole idea is just making sure we have the right people to get to that big hairy goal,” he said.</p>
<p>But he’s not ignoring the intangible upsides of being associated with the city, either. “There’s obviously also a great strategic benefit in having New York City involved in the conversation. The mayor’s office is extremely supportive of the local tech community, which means you go the right functions, getting introduced to the right designers, the right developers.”</p>
<p>“When you’re in the club, there’s definitely benefits,” he added.</p>
<p>The next step for the company is releasing version two of its platform, which will emphasize richer commenting and collaboration, as well as a suite of  general project management tools and user testing. Valberg sees a competitor in <a href="http://www.balsamiq.com/" target="_blank">Balsamiq</a>, but argues InVision's designer focus is a differentiator. He believes InVision's technology is a generation ahead of the newly released <a href="http://www.adobe.com/products/creativecloud.html" target="_blank">Adobe Creative Cloud</a>.</p>
<p>Valberg told us they’ve just crossed 26,000 total signups, and as of today, 19,942 projects have been created on the platform. That’s since launching last July. Their website boasts users at Google, Twilio, Whole Foods, Zappos, Kickstarter, and IDEO.</p>
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		<title>Start-Up News: Dashing Hackers, Rockstar Devs, Internet Weak and Some Events That Sound Like a Lot of Work</title>

		<comments>http://betabeat.com/2011/06/start-up-news-wednesday-june-8/#comments</comments>
		<pubDate>Wed, 08 Jun 2011 14:53:49 -0400</pubDate>
					<link>http://betabeat.com/2011/06/start-up-news-wednesday-june-8/</link>
			<dc:creator>Adrianne Jeffries</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=9181</guid>
		<description><![CDATA[<p><div id="attachment_9200" class="wp-caption alignleft" style="width: 310px"><img class="size-medium wp-image-9200" title="pierre valade" src="http://nyobetabeat.files.wordpress.com/2011/06/pierre-valade.jpg?w=300&h=300" alt="" width="300" height="300" /><p class="wp-caption-text">Foursquare hacker Pierre Valade: Dashing.</p></div></p>
<p>Happy IPV6 day, to steal the <em>New York Times's</em> line, and a merry Internet Week to all. Did you know <a href="http://www.betabeat.com/2011/06/08/betabeat-arrives-at-the-webutante-ball-before-judah-friedlander-but-after-the-shark/">Judah Friedlander is a Webutante</a>? Or that $1,500 is enough to convince a former <a href="http://www.betabeat.com/2011/06/08/drown-internet-drown/">Facebook employee to dive into a decorative pool</a>? Some other things that happened this week in New York start-ups:</p>
<p>THE WABBYS. Betabeat won a Webby! Just kidding. The <strong>Pulitzer of blogs</strong> eludes us. Go and congratulate our brothers in content creation as they rub shoulders with <strong>Daniel Radcliff </strong>and OKGO's <strong>Damian Kulash </strong>at the Hammerstein Ballroom on <a href="http://webbyawards.com">Monday, June 13</a>.</p>
<p><a href="http://ignitenycxii.eventbrite.com/">IGNITE TONIGHT</a>. That is all. <a href="http://fortnighter.com">FORTNIGHTER</a> IS ALIVE. Customized travel itineraries. MADE IN NYC(<sup>TM</sup>). HOWABOUT WE LAUNCH AN <a href="http://itunes.apple.com/us/app/id439078709?mt=8">IPHONE APP</a>. And have <strong>35,000</strong> people download it in the first week. FOURSQUARE HIRES HACKATHONER. It is <strong>Pierre Valade</strong>, creator of the Twttr-outlawed <strong>Agora App </strong>who ReadWriteWeb calls "<a href="http://www.readwriteweb.com/archives/foursquares_hacker_hire_points_toward_possibly_awe.php">dashing</a>," which uses the Foursquare API to recommend people to meet in the vicinity based on who you follow in common.<!--more--></p>
<p>AVIARY, BETAWORKS, HUNCH AND VIMEO: COME STEAL OUR STAPLERS! <a href="http://walkaboutnyc.com/">Walkabout NYC</a> is a workspace walking tour for Internet Week on Friday, when all the start-up curious talent and Silicon Alley tourists--if there is such a thing--can check out <strong>New York's hawt start-up spaces</strong>. "Basically, companies open their doors to people who are interested in a behind-the-scenes look at how they work,"<strong> Harvest's</strong> Danny Wen explains. Then, the<strong> <a href="http://linkedlistnyc.us2.list-manage.com/track/click?u=193b767bbb3b0eb0d949d5924&amp;id=c1f0cc9847&amp;e=0ab0985944">New York City Startup Weekend hackathon</a></strong> happens at General Assembly on Saturday. My, what a busy week. We didn't even mention <a href="http://apihackdaynyc.eventbrite.com/">API Hack Day</a>.</p>
<p>NYC SEEKS EAL, STILL. The six-month entrepreneur-at-large gig at the city is yet unfilled. Also in jobs, Behance is hiring a <strong>Rockstar Backend Developer</strong>. You must have strong backend development skills and play in a popular rock band.</p>
<p>BIG-ASS DATA. <strong>Sabey Data Center Properties</strong> building a <strong>40-MW data center</strong> at 375 Pearl St. in Lower Manhattan. Initial tenants include Microsoft Corporation, JP Morgan Chase, Savvis, Internap, VMware and T-Mobile. Oh wait, our bad--no start-up can afford to take advantage of this.</p>
<p>TECH AND THE CITAY. The<strong> NYC Entrepreneurial Fund </strong>($3 million, New York Economic Development Corporation; $19.5 million, First Mark Capital) has made its second investment, joining the seed round for <strong>Medico</strong>, "a high-quality health reference information in Spanish, including over 4,000 articles about diseases and conditions and continuously updated health news feeds. Medico.com also offers community features and a Q&amp;A platform organized around focused health topics such as diabetes, heart disease, and plastic surgery." The Fund's first investment was in <strong>MyCityWay</strong>, the winner of the first <strong>BigApps</strong> contest.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_9200" class="wp-caption alignleft" style="width: 310px"><img class="size-medium wp-image-9200" title="pierre valade" src="http://nyobetabeat.files.wordpress.com/2011/06/pierre-valade.jpg?w=300&h=300" alt="" width="300" height="300" /><p class="wp-caption-text">Foursquare hacker Pierre Valade: Dashing.</p></div></p>
<p>Happy IPV6 day, to steal the <em>New York Times's</em> line, and a merry Internet Week to all. Did you know <a href="http://www.betabeat.com/2011/06/08/betabeat-arrives-at-the-webutante-ball-before-judah-friedlander-but-after-the-shark/">Judah Friedlander is a Webutante</a>? Or that $1,500 is enough to convince a former <a href="http://www.betabeat.com/2011/06/08/drown-internet-drown/">Facebook employee to dive into a decorative pool</a>? Some other things that happened this week in New York start-ups:</p>
<p>THE WABBYS. Betabeat won a Webby! Just kidding. The <strong>Pulitzer of blogs</strong> eludes us. Go and congratulate our brothers in content creation as they rub shoulders with <strong>Daniel Radcliff </strong>and OKGO's <strong>Damian Kulash </strong>at the Hammerstein Ballroom on <a href="http://webbyawards.com">Monday, June 13</a>.</p>
<p><a href="http://ignitenycxii.eventbrite.com/">IGNITE TONIGHT</a>. That is all. <a href="http://fortnighter.com">FORTNIGHTER</a> IS ALIVE. Customized travel itineraries. MADE IN NYC(<sup>TM</sup>). HOWABOUT WE LAUNCH AN <a href="http://itunes.apple.com/us/app/id439078709?mt=8">IPHONE APP</a>. And have <strong>35,000</strong> people download it in the first week. FOURSQUARE HIRES HACKATHONER. It is <strong>Pierre Valade</strong>, creator of the Twttr-outlawed <strong>Agora App </strong>who ReadWriteWeb calls "<a href="http://www.readwriteweb.com/archives/foursquares_hacker_hire_points_toward_possibly_awe.php">dashing</a>," which uses the Foursquare API to recommend people to meet in the vicinity based on who you follow in common.<!--more--></p>
<p>AVIARY, BETAWORKS, HUNCH AND VIMEO: COME STEAL OUR STAPLERS! <a href="http://walkaboutnyc.com/">Walkabout NYC</a> is a workspace walking tour for Internet Week on Friday, when all the start-up curious talent and Silicon Alley tourists--if there is such a thing--can check out <strong>New York's hawt start-up spaces</strong>. "Basically, companies open their doors to people who are interested in a behind-the-scenes look at how they work,"<strong> Harvest's</strong> Danny Wen explains. Then, the<strong> <a href="http://linkedlistnyc.us2.list-manage.com/track/click?u=193b767bbb3b0eb0d949d5924&amp;id=c1f0cc9847&amp;e=0ab0985944">New York City Startup Weekend hackathon</a></strong> happens at General Assembly on Saturday. My, what a busy week. We didn't even mention <a href="http://apihackdaynyc.eventbrite.com/">API Hack Day</a>.</p>
<p>NYC SEEKS EAL, STILL. The six-month entrepreneur-at-large gig at the city is yet unfilled. Also in jobs, Behance is hiring a <strong>Rockstar Backend Developer</strong>. You must have strong backend development skills and play in a popular rock band.</p>
<p>BIG-ASS DATA. <strong>Sabey Data Center Properties</strong> building a <strong>40-MW data center</strong> at 375 Pearl St. in Lower Manhattan. Initial tenants include Microsoft Corporation, JP Morgan Chase, Savvis, Internap, VMware and T-Mobile. Oh wait, our bad--no start-up can afford to take advantage of this.</p>
<p>TECH AND THE CITAY. The<strong> NYC Entrepreneurial Fund </strong>($3 million, New York Economic Development Corporation; $19.5 million, First Mark Capital) has made its second investment, joining the seed round for <strong>Medico</strong>, "a high-quality health reference information in Spanish, including over 4,000 articles about diseases and conditions and continuously updated health news feeds. Medico.com also offers community features and a Q&amp;A platform organized around focused health topics such as diabetes, heart disease, and plastic surgery." The Fund's first investment was in <strong>MyCityWay</strong>, the winner of the first <strong>BigApps</strong> contest.</p>
]]></content:encoded>
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