Le Petit Prince

Chris Hughes and Sean Eldridge Play Angel to Hudson Valley Business


Today, in dispatches from the Facebook Mafia: Chris Hughes’ hubs Sean Eldridge is the subject of a front-page story in the Poughkeepsie Journal. The focus is his work with Hudson Valley Ventures, the investment firm focused on the region where the pair own a home (their third) and Mr. Eldridge reportedly plans to run for Congress in 2014.

Since the firm was founded in 2011, the Journal reports, Mr. Eldridge has doled out money to five local businesses, most of them foodie projects like Poughkeepsie’s Hudson Chocolates and Ulster County’s Bread Alone. (“I love food,” Mr. Eldridge confessed to the Journal.) Read More


Booting Up: Sometimes a VC Needs to Dress Like Psy to Build His Brand

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David Einhorn, whose hedge fund Greenlight Capital has a large stake in Apple, took to the airwaves yesterday and touted a plan in which the iPhone maker would issue preferred shares as a means of returning cash to investors and boosting the share price: “Steve is not with us anymore, and that is negative in many ways, but it is positive because Apple doesn’t have to be committed to that way of thinking at this point in time.” [Bloomberg Television]

LinkedIn beat Wall Street expectations when it announced quarterly earnings yesterday, and anticipated future revenue growth tied to raising the rates it charges customers for professional services. [BusinessInsider]

Venture capitalists are going further and further to build their brands these days, but that doesn’t mean entrepreneurs should believe the hype. Ask First Round Capital’s Josh Kopelman, who dressed up as a certain YouTube sensation for his firm’s holiday video: “I know many super-angels who have gotten a lot of press. Some of them aren’t so super, and some of them are not very angelic.” [PandoDaily]

Chris Hughes had enough influence in Washington to score an interview with President Barack Obama for the relaunch of The New Republic. The Facebook cofounder could soon have even more pull: His husband, Sean Eldridge, is running for Congress in an upstate New York district. [Mashable]

For a couple million bucks, the NFL could have rented a few bus-sized diesel generators and accompanying equipment and avoided the Super Bowl blackout. [Wired]


Facebook Cofounder Chris Hughes Opts for Intimate Wedding, Blowout After-Party

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(Photo: Facebook)

Did all the Facebook cofounders promise to make honest women and men out of their partners, just as soon as the company went public? Because guess who graced the New York Times‘ Vows section today: Facebook cofounder and now New Republic publisher and editor-in-chief Chris Hughes and his partner Sean Eldridge.

The Times tells us that the pair were wedded yesterday, Read More