Fresh Capital

Picturelife’s Nate Westheimer Launches Red Bud Partners, a Seed Stage Fund for New York Startups

nate-westheimer

Serial entrepreneur Nate Westheimer is something of a renaissance technologist.

Picturelife, the photo startup he cofounded with OMGPOP founder Charles Forman, recently raised a $4 million round led by Spark Capital. Picturelife’s concept is timely: the service focuses on backing up, storing, and accessing all of your photos from the cloud. That got the attention of a number of other notable investors, including Crunchfund, Founder Collective, Lerer Ventures, Highline Venture Partners, Betaworks, David Karp, SV Angel, and Chris Dixon. Mr. Forman put some of the “way more” than $22 million he earned from OMGPOP’s sale to Zynga and former Zynga GM Nabeel Hyatt, a partner at Spark, joined Picturelife’s board. Read More

Exit This Way

OMGPOP Founder Charles Forman Made ‘Way More’ Than $22 M. in Sale to Zynga

Mr. Forman (via twitter/charlesforman)

The New York Times got a ticket to OMGPOP’s after-acquisition party at the Bowery Hotel last week where they ran into the startup’s founder, Charles Forman, who was in such a daze over the $180 million deal with Zynga that he walked into traffic.

Mr. Forman, who left the company in 2011, but retained his stake, told the Times he made “way more” than $22 million from the sale, adding, “It’s the kind of money where I’ll be wearing whatever I want when somebody invites me to a wedding.”

We never really thought to measure “fuck you” money in terms of prescribed wedding attire, but godspeed to any groom that wants Mr. Forman as his best man. Read More