Social media’s dominion over the Internet tends to skew conversation toward the real-time. Facebook may have dropped the What are you doing right now? but the emphasis remains. Investors, however, are eager to back something that bucks that trend. Timehop, an app that culls your Facebook, Foursquare, and Twitter history to answer the question What were you doing a year ago today?, just announced that it picked up $1.1 million in funding. The round was led by OATV and joined by Spark Capital. Also participating? TechStars, where co-founders Jonathan Wegener and Benny Wong worked on a Craigslist competitor called Friendslist, which flopped.
Fittingly for the app, which was born as 4 Square & 7 Years Ago during a Foursquare Hackathon at General Assembly last February, the round featured some bold-faced names as angel investors, including Dennis Crowley, Naveen Selvadurai, and Alex Rainert from Foursquare, GroupMe co-founders Steve Martocci and Jared Hecht, as well as Rick Webb and Kevin Slavin. Read More