shameless rumormongering

Rumor Roundup: The World’s Most Cheapskate VC and 57 Is Spotify’s Unlucky Number

MTV JAMS

I’ll Take Stingy for $5, Alex We’ve heard of venture capitalists who drive a hard bargain when it comes to their term sheets, but not so much when they drive off Sand Hill Road. So we were dismayed to learn that a VC at a very prominent 36-year-old venture capital firm asked the non-profit(!) meetup group Hacks/Hackers, which brings together journalists and technologists, to waive a $5 attendance fee for an event. To put that number in context: the firm has more than $400 million under management.

Hacks/Hackers has a very welcoming attendance policy and routinely waives fees for students so that no one gets shut out. But if your portfolio’s aggregate revenue teeters up into the billions, just pry your hands off the fiver, dude. Read More

Visting Dignitaries

Swedish Startup Execs Arrested for Alleged Sexual Assault Against a 19-Year-Old at the W Hotel

Mr. Adalberth via Crunchbase

Early this morning, the New York Post reported that two “Swedish tourists” were arrested for allegedly molesting a 19-year-old Texas woman at the W Hotel on Lexington Avenue and East 50th Street. The alleged attack occurred at 8 p.m. on Saturday.

Case details on the New York State Court site confirm that Niklas Adalberth, 30, was one of the men arrested. The Post reports that Jens Saltin, 31, was also arrested. “Adalberth allegedly straddled her body while he and Saltin ripped off her clothes and fondled her,” the paper said. According to the document, the arrests occurred Saturday night around 10.30 p.m.

Both Mr. Adalberth, a former economics student, and Mr. Saltin are executives at the Swedish startup Klarna, which, based on this news, was trending just under Pinterest on Crunchbase earlier this afternoon. Read More

Angelic Cabals

Charlie O’Donnell Explains How First Round Capital Made the Grade For Most Active VCs in 2011

charlieodonnell

Thomson Reuters Venture Capital Journal just released its list of top VCs and deals thus far this year, with First Round Capital and Draper Fisher Jurvetson joining the ranks of Kleiner Perkins Caufield & Byers and Sequoia Capital. First Round, from its New York outpost on Park Avenue, and Draper, from DFJ Gotham’s suite on West 31st St., both have a strong presence in New York City.

In total, peHUB says DFJ ‘s network is responsible for 28 deals from January to June, tying with Sequoia for the No. 3 slot. First Round’s network is responsible for 27 deals through June. Among First Round’s investments this year are homegrown start-ups like AdKeeper, GroupMe, and 33Across.  DFJ Gotham plunked down cash for Made In NYC ventures like Seamless Receipts, Yipit, Altruik, and Solvate.

Betabeat asked First Round principal Charlie O’Donnell how much of its $130 million fund, raised in 2010, was geared towards New York companies. “As a seed/angel stage investor, we’re always on the most active lists and a lot of it is NYC, but a lot of it is our great SF office, too,” he responded, via email. Read More