Venture Capitalism

Branch Joins Obvious Corp, Picks Up $2 M. from Lerer Ventures and SV Angel, and Heads East to Betaworks

branch

When you’ve got Evan Williams, John Borthwick, and Max Levchin chatting it up on your “curated discussion platform,” it’s probably just a matter of time before the high-powered investors, incubators makers, and other loosely-defined collectives come a’ calling.

Today, Branch, the startup that initially launched in New York City as group blogging service Roundtable, announced that is now partnered with Obvious Corp and picked up investments from Lerer Ventures and SV Angel. Although Branch has been working out of Obvious headquarters since the beginning of this year, the startup will move to Betaworks this summer. Cofounder Josh Miller’s announcement is somewhat obliquely worded, but it sounds like Rick Webb, Lucas Nelson, Ryan Freitas, and David Tisch also joined the round.

The size of the round wasn’t disclosed. However, this Form D SEC filing for Roundtable Media (the startup’s original name) filed by Joshua Alexander Miller, seems to indicate that the size of the round was $1,999,997 and fully subscribed. The address on the Form D, for example, is the same address as Obvious Corp. According to the Form D, the funding was an equity round with seven investors and the date of first sale is listed as February 15th. We have reached out to Mr. Miller for confirmation. Read More

Planet Google

Betaworks CEO John Borthwick: ‘Google Has Taken the Blue Pill’

Hello, Neo. Do you know who this is?

Some of the top minds in the startup world have been sharing deep thoughts in plain sight on the Internet for anyone to see. Your host for this chance to peer across the dinner table of the tech elite? The conversation platform Branch. (For when 140 characters and an @ is not enough . . . is an imaginary tagline we’re toying with.)

The startup, originally launched as the group blogging service Roundtable in New York City picked up early traction from industry insiders and recently reemerged with a shiny new interface.

Conversations stem from a particular question, like this one from Twitter/Obvious Corp’s Evan Williams wondering about the downside of parallel entrepreneurship. That line of questioning yielded a particularly compelling series of responses from Betaworks CEO John Borthwick, PayPal CTO Max Levchin, MySpace CEO Mike Jones, and former Mozilla CEO John Lilly, with an invitation for Fred Wilson to join. Read More