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		<title>eBay Acquires NYC-Based Social Shopping Site Svpply</title>

		<comments>http://betabeat.com/2012/09/ebay-acquires-nyc-based-social-shopping-site-svpply/#comments</comments>
		<pubDate>Thu, 06 Sep 2012 16:26:52 -0400</pubDate>
					<link>http://betabeat.com/2012/09/ebay-acquires-nyc-based-social-shopping-site-svpply/</link>
			<dc:creator>Jessica Roy</dc:creator>
				
		<guid isPermaLink="false">http://betabeat.com/?p=61492</guid>
		<description><![CDATA[<p><div id="attachment_61497" class="wp-caption alignleft" style="width: 290px"><a href="https://brooklynbeta.org/img/avatars/ben-pieratt.png"><img class="size-full wp-image-61497" title="ben-pieratt" src="http://nyobetabeat.files.wordpress.com/2012/09/ben-pieratt.png" alt="" width="280" height="280" /></a><p class="wp-caption-text">Pieratt. (Photo: Brooklyn Beta)</p></div></p>
<p>eBay <a href="http://ebayinkblog.com/2012/09/06/ebay-inc-acquires-svpply-com/">announced</a> on its blog today that it has acquired <a href="http://www.svpply.com/">Svpply</a>, the NYC-based social shopping site that curates personalized collections of clothing and products. Located on Broome Street in Soho, Svpply <a href="http://http://mediamemo.allthingsd.com/20101122/svpply-is-a-social-shopping-site-with-a-funny-name-good-buzz-and-a-new-funding-round">raised</a> $550,000 in seed funding back in 2010 from investors like Founders Collective, Spark Capital, SV Angel, Dennis Crowley and Jason Hirschhorn. Since then, Svpply has been bootstrapping itself to <a href="http://techcrunch.com/2012/05/14/svpplys-we-want-this-is-a-tasteful-way-retailers-can-target-well-dressed-shoppers/">620,000 product views per week and 140,000 registered members</a> (as of May).</p>
<p>Last May, founder Ben Pieratt offered a candid perspective on first-time entrepreneurship, <a href="http://betabeat.com/2011/05/svpply-founder-admits-i-have-no-idea-what-im-doing/">admitting</a> his vulnerability. "I have zero experience or expertise in building a company," he <a href="http://betabeat.com/2011/05/svpply-founder-admits-i-have-no-idea-what-im-doing/">wrote</a> in a 2011 blog post. "So I'm learning on the fly."</p>
<p><!--more--></p>
<p>Mr. Pierrat summed up a list of things he'd need to learn how to do, or Svpply would fail. Hey, in startup parlance, we'd say an acqui-hire counts as quite a success.</p>
<p>At least Svpply's other cofounder, parallel entrepreneur extraordinaire Zach Klein, brought some experience to the team. Mr. Klein is a partner at Founders Collective, and has had a hand in a plethora of successful startups. He cofounded Vimeo and BustedTees, <a href="http://allthingsd.com/20101122/svpply-is-a-social-shopping-site-with-a-funny-name-good-buzz-and-a-new-funding-round/">helped</a> launch CollegeHumor, worked as chief product officer at Boxee and serves as a director for both Skillshare and Svpply. <a href="http://allthingsd.com/20101122/svpply-is-a-social-shopping-site-with-a-funny-name-good-buzz-and-a-new-funding-round/">According</a> to AllThingsD, Mr. Klein linked up with Svpply in the spring of 2010 when he "connected with <a href="http://pieratt.com/">Ben Pieratt</a>, a Boston-based designer who started Svpply in late 2009."</p>
<p>eBay's blog post suggests that the move to purchase Svpply is largely an acqui-hire:</p>
<blockquote><p>With Svpply.com, eBay gains access to technology talent to further improve the shopping and selling experience for its customers. Svpply.com assets – including a talented team of six designers and developers – are well-suited to help eBay advance more personalized experiences and merchandising options on eBay.com.</p>
<p>Based in New York (see the office, above), the Svpply.com employees will work on merchandising, non-search discovery and browsing.</p></blockquote>
<p>eBay has been aggressively ramping up its presence in New York as of late. Back in November, the online auction platform <a href="http://betabeat.com/2011/11/chris-dixon-ebay-hunch/">acquired</a> NYC-based Hunch, a personalized recommendation engine. Then in April, eBay <a href="http://commercialobserver.com/2012/04/ebay-hunch-take-35000-square-feet-office-at-625-avenue-of-the-americas/">snapped up</a> a massive 350,000 square foot office in the Flatiron. Guess they needed a few more devs to fill up those desks.</p>
<p>Svpply <a href="http://blog.svpply.com/post/31008753911/ebay-inc-acquires-svpply">insists</a> in a blog post that the site's not going anywhere anytime soon. "Svpply is not going away," it reads. "We’ll continue to bring our users new products each day—allowing our loyal fans to explore beautiful products and stores, all of them hand selected by the community."</p>
<p>Greg Leppert, Svpply's third cofounder, said the Svpply team would work on both eBay and the Svpply site. "We'll continue to build Svpply and our community and apply what we learn to eBay," he told Betabeat by email. Mr. Leppert also said that Svpply will not be rolled into eBay, but that both sites will remain distinct from each other.</p>
<p>"We’re excited to join the eBay and Hunch teams in the new state-of-the-art technology development center in New York City!" Svpply added in a blog post. Shake them pom-poms, y'all.</p>
<p><em>Additional reporting contributed by Nitasha Tiku</em>.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_61497" class="wp-caption alignleft" style="width: 290px"><a href="https://brooklynbeta.org/img/avatars/ben-pieratt.png"><img class="size-full wp-image-61497" title="ben-pieratt" src="http://nyobetabeat.files.wordpress.com/2012/09/ben-pieratt.png" alt="" width="280" height="280" /></a><p class="wp-caption-text">Pieratt. (Photo: Brooklyn Beta)</p></div></p>
<p>eBay <a href="http://ebayinkblog.com/2012/09/06/ebay-inc-acquires-svpply-com/">announced</a> on its blog today that it has acquired <a href="http://www.svpply.com/">Svpply</a>, the NYC-based social shopping site that curates personalized collections of clothing and products. Located on Broome Street in Soho, Svpply <a href="http://http://mediamemo.allthingsd.com/20101122/svpply-is-a-social-shopping-site-with-a-funny-name-good-buzz-and-a-new-funding-round">raised</a> $550,000 in seed funding back in 2010 from investors like Founders Collective, Spark Capital, SV Angel, Dennis Crowley and Jason Hirschhorn. Since then, Svpply has been bootstrapping itself to <a href="http://techcrunch.com/2012/05/14/svpplys-we-want-this-is-a-tasteful-way-retailers-can-target-well-dressed-shoppers/">620,000 product views per week and 140,000 registered members</a> (as of May).</p>
<p>Last May, founder Ben Pieratt offered a candid perspective on first-time entrepreneurship, <a href="http://betabeat.com/2011/05/svpply-founder-admits-i-have-no-idea-what-im-doing/">admitting</a> his vulnerability. "I have zero experience or expertise in building a company," he <a href="http://betabeat.com/2011/05/svpply-founder-admits-i-have-no-idea-what-im-doing/">wrote</a> in a 2011 blog post. "So I'm learning on the fly."</p>
<p><!--more--></p>
<p>Mr. Pierrat summed up a list of things he'd need to learn how to do, or Svpply would fail. Hey, in startup parlance, we'd say an acqui-hire counts as quite a success.</p>
<p>At least Svpply's other cofounder, parallel entrepreneur extraordinaire Zach Klein, brought some experience to the team. Mr. Klein is a partner at Founders Collective, and has had a hand in a plethora of successful startups. He cofounded Vimeo and BustedTees, <a href="http://allthingsd.com/20101122/svpply-is-a-social-shopping-site-with-a-funny-name-good-buzz-and-a-new-funding-round/">helped</a> launch CollegeHumor, worked as chief product officer at Boxee and serves as a director for both Skillshare and Svpply. <a href="http://allthingsd.com/20101122/svpply-is-a-social-shopping-site-with-a-funny-name-good-buzz-and-a-new-funding-round/">According</a> to AllThingsD, Mr. Klein linked up with Svpply in the spring of 2010 when he "connected with <a href="http://pieratt.com/">Ben Pieratt</a>, a Boston-based designer who started Svpply in late 2009."</p>
<p>eBay's blog post suggests that the move to purchase Svpply is largely an acqui-hire:</p>
<blockquote><p>With Svpply.com, eBay gains access to technology talent to further improve the shopping and selling experience for its customers. Svpply.com assets – including a talented team of six designers and developers – are well-suited to help eBay advance more personalized experiences and merchandising options on eBay.com.</p>
<p>Based in New York (see the office, above), the Svpply.com employees will work on merchandising, non-search discovery and browsing.</p></blockquote>
<p>eBay has been aggressively ramping up its presence in New York as of late. Back in November, the online auction platform <a href="http://betabeat.com/2011/11/chris-dixon-ebay-hunch/">acquired</a> NYC-based Hunch, a personalized recommendation engine. Then in April, eBay <a href="http://commercialobserver.com/2012/04/ebay-hunch-take-35000-square-feet-office-at-625-avenue-of-the-americas/">snapped up</a> a massive 350,000 square foot office in the Flatiron. Guess they needed a few more devs to fill up those desks.</p>
<p>Svpply <a href="http://blog.svpply.com/post/31008753911/ebay-inc-acquires-svpply">insists</a> in a blog post that the site's not going anywhere anytime soon. "Svpply is not going away," it reads. "We’ll continue to bring our users new products each day—allowing our loyal fans to explore beautiful products and stores, all of them hand selected by the community."</p>
<p>Greg Leppert, Svpply's third cofounder, said the Svpply team would work on both eBay and the Svpply site. "We'll continue to build Svpply and our community and apply what we learn to eBay," he told Betabeat by email. Mr. Leppert also said that Svpply will not be rolled into eBay, but that both sites will remain distinct from each other.</p>
<p>"We’re excited to join the eBay and Hunch teams in the new state-of-the-art technology development center in New York City!" Svpply added in a blog post. Shake them pom-poms, y'all.</p>
<p><em>Additional reporting contributed by Nitasha Tiku</em>.</p>
]]></content:encoded>
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			<media:title type="html">jroyobserver</media:title>
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		<title>Rumors &amp; Acquisitions: Foursquare Vs. ZocDoc! Groundlink Vs. Uber! And Pinterest Vs. America</title>

		<comments>http://betabeat.com/2011/10/rumors-acquisitions-foursquare-vs-zocdoc-groundlink-vs-uber-and-pinterest-vs-america/#comments</comments>
		<pubDate>Fri, 28 Oct 2011 18:01:18 -0400</pubDate>
					<link>http://betabeat.com/2011/10/rumors-acquisitions-foursquare-vs-zocdoc-groundlink-vs-uber-and-pinterest-vs-america/</link>
			<dc:creator>Adrianne Jeffries</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=20490</guid>
		<description><![CDATA[<p><img class="alignleft size-full wp-image-20492" style="margin-top: 5px; margin-bottom: 5px; margin-left: 10px; margin-right: 10px;" title="rumormonger" src="http://nyobetabeat.files.wordpress.com/2011/10/rumormonger2.jpg" alt="" width="241" height="155" />THIS TOWN AIN'T BIG ENOUGH! Guys, startup office space in New York is hard to find, and Betabeat is ON IT. Okay, so you remember how <strong>Foursquare </strong>and <strong>Tumblr</strong> both had their eyes on the tenth and eleventh floors of that sweet Soho elevator building at 568 Broadway where <strong>Thrillist</strong>, <strong>ZocDoc</strong> and <strong>Dennis Leary’s</strong> production company, <strong>Apostle</strong> are housed? Okay, so Foursquare was the favorite--<strong>but there may be a new contender</strong>.</p>
<p>Betabeat has learned that ZocDoc has been in the market for new space--60,000 square feet, ideally on one floor--for a move at the end of 2012. There's not much out there that meets that criteria. Wouldn't it be nice to take the tenth floor at 568 Broadway, directly above the teal-painted ninth floor? That way they wouldn't have to say goodbye to that conference room with the mural of <strong>Sanjay Gupta high-fiving Dr. House</strong>! ZocDoc would probably really like it if Foursquare would only take one floor, which is more than three times the size of Foursquare's current office, so that ZocDoc could take the other.</p>
<p>But both companies are <strong>growing like gangbusters</strong>--ZocDoc already expanded in March and then again in October, Foursquare is the hottest startup job in the city--and have to look out for expansion down the road. What's a big startup in a small town to do?*</p>
<p>VERY PINTERESTING. Betabeat, when we first glimpsed the Silicon Alley darling <strong>Pinterest</strong> for ourselves: "It's for girls!" Apparently,<strong> it's also for middle America</strong>. Pinterest's biggest market is <strong>Utah</strong>, we heard, and it's gaining steam with users in other middle-America states, contrary to the usual outside-in adoption pattern most startups see.</p>
<p>Betabeat mentioned to a source that many peeps using Pinterest in New York, who responded. "Don't people just use <strong>Svpply</strong>?" Do they? We don't see too many peeps using Svpply either. One thing we do see peeps using is<strong> Tumblr</strong>--although we've documented that startup's other problems on the <a href="http://www.betabeat.com/2011/08/31/ann-taylor-begs-tumblr-to-get-its-fucking-act-together/">business</a> and <a href="http://www.betabeat.com/2011/09/06/missing-e-developer-keeps-trying-to-work-with-tumblr-but-tumblr-keeps-trying-to-shut-him-down/">developer relations</a> fronts. Could Pinterest--which picked up New York angel Brian Cohen as an investor after taking the NYU Stern business plan competition by storm--be on the way to taking down two New York startups<strong> in one fell swoop</strong>?<!--more--></p>
<p>NOM NOM POSTLING. "Some big companies are considering acquiring <strong>Postling</strong>," a source told Betabeat. "Can't say names. Big, multi-billion dollar public companies." Well! Cue completely random speculation! <strong>Microsoft</strong>! <strong>Amazon</strong>! <strong>Google</strong>!<strong> Nielson</strong>! If one of these is right, <strong>you all have to buy the rumor roundup a cookie</strong>!</p>
<p>HIGHLY-COVETED ZOMBIE TAXIS. <strong>Groundlink</strong>, the latest app-enabled car service to blunder its way into the city that epitomizes mass transit, is grinning over <strong>Uber's </strong>decision to charge <strong>double-price on Halloween</strong> (a notoriously HORRIBLE night for cabs). Fingers crossed! Perhaps the first mover's hike can be Groundlink's gain. But the second mover could find itself in the same <strong>pickle</strong> that provoked Uber into pumping up the price--overwhelming demand. "Ninety-five percent of requests resulted in 'No Cars Available,' leaving Uber riders stranded," <a href="http://blog.uber.com/2011/10/26/halloween-surge-pricing-get-an-uber-at-the-witching-hour/">Uber wrote on its blog</a>. "Even worse, those few riders who succeeded had to refresh their Uber app for an hour or more before getting a<strong> highly-coveted Uber ride</strong>."</p>
<p>SECOND GUESSES. Portfolio managers at the mega-hedge fund <strong>SAC Capital</strong> just don't get <strong>SecondMarket</strong>! The fund was recently<strong> hunting desperately </strong>for people who understand SecondMarket to join the team. Ah, where did we hear something about the billionaire-run hedge fund and the secondary markets? Right, <a href="http://dealbook.nytimes.com/2011/03/28/for-sale-illiquid-assets-hard-to-value/">Dealbook reported</a> SAC investors have listed more than two dozen side-pocket stakes with<strong> Shelley Capital Advisers</strong>, which advises hedge funds on the secondary market.</p>
<p>IF YOU CAN CODE, PEOPLE WILL LITERALLY BUY YOU ANYTHING YOU WANT. Apparently a Swiss-based startup, <strong>iKentoo SA</strong>, is announcing a <a href="http://codenride.ikentoo.com/">hackathon-slash-dream-vacation</a>--a one month development sprint, as the company puts it. IKentoo is proposing to fly independent developers, all expenses paid, to the famous ski resort at <strong>Verbier, Switzerland</strong> to spend one month coding and skiing with the iKentoo team. Upon completion of the one month hackathon, the participants will also receive <strong>about $5,000 USD in Swiss francs</strong>.</p>
<p>*Joke explainer: While New York City is a big place, the startup scene feels like a small town.</p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-20492" style="margin-top: 5px; margin-bottom: 5px; margin-left: 10px; margin-right: 10px;" title="rumormonger" src="http://nyobetabeat.files.wordpress.com/2011/10/rumormonger2.jpg" alt="" width="241" height="155" />THIS TOWN AIN'T BIG ENOUGH! Guys, startup office space in New York is hard to find, and Betabeat is ON IT. Okay, so you remember how <strong>Foursquare </strong>and <strong>Tumblr</strong> both had their eyes on the tenth and eleventh floors of that sweet Soho elevator building at 568 Broadway where <strong>Thrillist</strong>, <strong>ZocDoc</strong> and <strong>Dennis Leary’s</strong> production company, <strong>Apostle</strong> are housed? Okay, so Foursquare was the favorite--<strong>but there may be a new contender</strong>.</p>
<p>Betabeat has learned that ZocDoc has been in the market for new space--60,000 square feet, ideally on one floor--for a move at the end of 2012. There's not much out there that meets that criteria. Wouldn't it be nice to take the tenth floor at 568 Broadway, directly above the teal-painted ninth floor? That way they wouldn't have to say goodbye to that conference room with the mural of <strong>Sanjay Gupta high-fiving Dr. House</strong>! ZocDoc would probably really like it if Foursquare would only take one floor, which is more than three times the size of Foursquare's current office, so that ZocDoc could take the other.</p>
<p>But both companies are <strong>growing like gangbusters</strong>--ZocDoc already expanded in March and then again in October, Foursquare is the hottest startup job in the city--and have to look out for expansion down the road. What's a big startup in a small town to do?*</p>
<p>VERY PINTERESTING. Betabeat, when we first glimpsed the Silicon Alley darling <strong>Pinterest</strong> for ourselves: "It's for girls!" Apparently,<strong> it's also for middle America</strong>. Pinterest's biggest market is <strong>Utah</strong>, we heard, and it's gaining steam with users in other middle-America states, contrary to the usual outside-in adoption pattern most startups see.</p>
<p>Betabeat mentioned to a source that many peeps using Pinterest in New York, who responded. "Don't people just use <strong>Svpply</strong>?" Do they? We don't see too many peeps using Svpply either. One thing we do see peeps using is<strong> Tumblr</strong>--although we've documented that startup's other problems on the <a href="http://www.betabeat.com/2011/08/31/ann-taylor-begs-tumblr-to-get-its-fucking-act-together/">business</a> and <a href="http://www.betabeat.com/2011/09/06/missing-e-developer-keeps-trying-to-work-with-tumblr-but-tumblr-keeps-trying-to-shut-him-down/">developer relations</a> fronts. Could Pinterest--which picked up New York angel Brian Cohen as an investor after taking the NYU Stern business plan competition by storm--be on the way to taking down two New York startups<strong> in one fell swoop</strong>?<!--more--></p>
<p>NOM NOM POSTLING. "Some big companies are considering acquiring <strong>Postling</strong>," a source told Betabeat. "Can't say names. Big, multi-billion dollar public companies." Well! Cue completely random speculation! <strong>Microsoft</strong>! <strong>Amazon</strong>! <strong>Google</strong>!<strong> Nielson</strong>! If one of these is right, <strong>you all have to buy the rumor roundup a cookie</strong>!</p>
<p>HIGHLY-COVETED ZOMBIE TAXIS. <strong>Groundlink</strong>, the latest app-enabled car service to blunder its way into the city that epitomizes mass transit, is grinning over <strong>Uber's </strong>decision to charge <strong>double-price on Halloween</strong> (a notoriously HORRIBLE night for cabs). Fingers crossed! Perhaps the first mover's hike can be Groundlink's gain. But the second mover could find itself in the same <strong>pickle</strong> that provoked Uber into pumping up the price--overwhelming demand. "Ninety-five percent of requests resulted in 'No Cars Available,' leaving Uber riders stranded," <a href="http://blog.uber.com/2011/10/26/halloween-surge-pricing-get-an-uber-at-the-witching-hour/">Uber wrote on its blog</a>. "Even worse, those few riders who succeeded had to refresh their Uber app for an hour or more before getting a<strong> highly-coveted Uber ride</strong>."</p>
<p>SECOND GUESSES. Portfolio managers at the mega-hedge fund <strong>SAC Capital</strong> just don't get <strong>SecondMarket</strong>! The fund was recently<strong> hunting desperately </strong>for people who understand SecondMarket to join the team. Ah, where did we hear something about the billionaire-run hedge fund and the secondary markets? Right, <a href="http://dealbook.nytimes.com/2011/03/28/for-sale-illiquid-assets-hard-to-value/">Dealbook reported</a> SAC investors have listed more than two dozen side-pocket stakes with<strong> Shelley Capital Advisers</strong>, which advises hedge funds on the secondary market.</p>
<p>IF YOU CAN CODE, PEOPLE WILL LITERALLY BUY YOU ANYTHING YOU WANT. Apparently a Swiss-based startup, <strong>iKentoo SA</strong>, is announcing a <a href="http://codenride.ikentoo.com/">hackathon-slash-dream-vacation</a>--a one month development sprint, as the company puts it. IKentoo is proposing to fly independent developers, all expenses paid, to the famous ski resort at <strong>Verbier, Switzerland</strong> to spend one month coding and skiing with the iKentoo team. Upon completion of the one month hackathon, the participants will also receive <strong>about $5,000 USD in Swiss francs</strong>.</p>
<p>*Joke explainer: While New York City is a big place, the startup scene feels like a small town.</p>
]]></content:encoded>
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			<media:title type="html">jhanasobserver</media:title>
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		<title>Rumors &amp; Acquisitions: What Happens to Zach Klein&#8217;s Cabin Now?</title>

		<comments>http://betabeat.com/2011/09/rumors-acquisitions-friday-sept-15/#comments</comments>
		<pubDate>Fri, 16 Sep 2011 17:46:38 -0400</pubDate>
					<link>http://betabeat.com/2011/09/rumors-acquisitions-friday-sept-15/</link>
			<dc:creator>Adrianne Jeffries</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=17145</guid>
		<description><![CDATA[<p><img class="alignleft size-full wp-image-17298" style="margin-top: 5px; margin-bottom: 5px; margin-left: 10px; margin-right: 10px;" title="rumormonger" src="http://nyobetabeat.files.wordpress.com/2011/09/rumormonger2.jpg" alt="" width="241" height="155" />NO FUNDING FOR PRESENTS. Last week, a source told Betabeat that <a href="http://www.betabeat.com/2011/09/13/rumors-acquisitions-the-glassdoor-edition/">outdoor advertising disruptor <strong>ADstruc</strong> was <strong>running low on its Series A funding</strong></a> and would have to raise another round soon.</p>
<p><strong>Not true</strong>, says ADstruc's John Laramie. "We raised $1.1m on September 27th 2010, which means <strong>we would have had to burn $90,000 a month for a team that was just four people as of a month ago</strong> to be officially out of money," he said in an email. "ADstruc isn't even close to spending that much money on a monthly basis. We couldn't be more pleased with how and where we have invested our money and the great results we continue to see." However, Mr. Laramie <a href="http://twitter.com/#!/JLNY/status/113758013944365056">had promised Betabeat a present</a>. <strong>We never got said present.</strong> Also, when we asked if this meant ADstruc was <em>not</em> raising a round, Mr. Laramie <strong>stopped responding</strong>. The company is now up to six people and <a href="http://adstruc.com/jobs">hiring</a> for three positions.<!--more--></p>
<p>VISITING DIGNITARIES. <strong>ZocDoc</strong> had a <strong>secret birthday party</strong> today for its four-year anniversary, to which press were not invited. The guest speaker was <strong>Tom Daschle</strong>, the former U.S. senator from South Dakota and Senate Majority Leader who co-authored a book on universal health care and is now working for global law firm DLA Piper.</p>
<p>WOOD CABIN FOR SALE. <strong>Angel-faced technohipster Zach Klein of CollegeHumor/<strong>Vimeo/Svpply </strong></strong>broke up with his girlfriend, Courtney Lewis of Hard Candy Shell, and is moving to California, stomping out the last faint possibility of the "Zach Klein, upstate woodsman" story that every New York media outlet has been frothing to do. So. <strong>What happens to the <a href="http://blog.zachklein.com/post/9881114290/this-weekend-the-foundation-walls-were-poured-for">cabin</a>?</strong></p>
<p>BLIND BETS. <strong>Two startups which have had extensive Betabeat coverage have raised money</strong>, Betabeat has heard. The first, a hardware startup, we heard secondhand. The second, which is not a hardware startup, was extended an offer to join <strong>500Startups</strong>. <strong>A startup Betabeat has never written about</strong> (but we should have) will most likely be bought by Dropbox in the very near future. (<em>Can you tell we're bursting to spill?</em> But we pinky-swore to be patient upon promise of greater rewards. When the time comes we will write articles, glorious articles.)</p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-17298" style="margin-top: 5px; margin-bottom: 5px; margin-left: 10px; margin-right: 10px;" title="rumormonger" src="http://nyobetabeat.files.wordpress.com/2011/09/rumormonger2.jpg" alt="" width="241" height="155" />NO FUNDING FOR PRESENTS. Last week, a source told Betabeat that <a href="http://www.betabeat.com/2011/09/13/rumors-acquisitions-the-glassdoor-edition/">outdoor advertising disruptor <strong>ADstruc</strong> was <strong>running low on its Series A funding</strong></a> and would have to raise another round soon.</p>
<p><strong>Not true</strong>, says ADstruc's John Laramie. "We raised $1.1m on September 27th 2010, which means <strong>we would have had to burn $90,000 a month for a team that was just four people as of a month ago</strong> to be officially out of money," he said in an email. "ADstruc isn't even close to spending that much money on a monthly basis. We couldn't be more pleased with how and where we have invested our money and the great results we continue to see." However, Mr. Laramie <a href="http://twitter.com/#!/JLNY/status/113758013944365056">had promised Betabeat a present</a>. <strong>We never got said present.</strong> Also, when we asked if this meant ADstruc was <em>not</em> raising a round, Mr. Laramie <strong>stopped responding</strong>. The company is now up to six people and <a href="http://adstruc.com/jobs">hiring</a> for three positions.<!--more--></p>
<p>VISITING DIGNITARIES. <strong>ZocDoc</strong> had a <strong>secret birthday party</strong> today for its four-year anniversary, to which press were not invited. The guest speaker was <strong>Tom Daschle</strong>, the former U.S. senator from South Dakota and Senate Majority Leader who co-authored a book on universal health care and is now working for global law firm DLA Piper.</p>
<p>WOOD CABIN FOR SALE. <strong>Angel-faced technohipster Zach Klein of CollegeHumor/<strong>Vimeo/Svpply </strong></strong>broke up with his girlfriend, Courtney Lewis of Hard Candy Shell, and is moving to California, stomping out the last faint possibility of the "Zach Klein, upstate woodsman" story that every New York media outlet has been frothing to do. So. <strong>What happens to the <a href="http://blog.zachklein.com/post/9881114290/this-weekend-the-foundation-walls-were-poured-for">cabin</a>?</strong></p>
<p>BLIND BETS. <strong>Two startups which have had extensive Betabeat coverage have raised money</strong>, Betabeat has heard. The first, a hardware startup, we heard secondhand. The second, which is not a hardware startup, was extended an offer to join <strong>500Startups</strong>. <strong>A startup Betabeat has never written about</strong> (but we should have) will most likely be bought by Dropbox in the very near future. (<em>Can you tell we're bursting to spill?</em> But we pinky-swore to be patient upon promise of greater rewards. When the time comes we will write articles, glorious articles.)</p>
]]></content:encoded>
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			<media:title type="html">jhanasobserver</media:title>
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		<title>Svpply Founder Admits: &#8220;I Have No Idea What I&#8217;m Doing&#8221;</title>

		<comments>http://betabeat.com/2011/05/svpply-founder-admits-i-have-no-idea-what-im-doing/#comments</comments>
		<pubDate>Mon, 16 May 2011 09:29:54 -0400</pubDate>
					<link>http://betabeat.com/2011/05/svpply-founder-admits-i-have-no-idea-what-im-doing/</link>
			<dc:creator>Ben Popper</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=7511</guid>
		<description><![CDATA[<p><img class="alignleft size-full wp-image-7514" style="margin-top: 5px; margin-bottom: 5px; margin-left: 10px; margin-right: 10px;" title="ben pieratt" src="http://nyobetabeat.files.wordpress.com/2011/05/ben-pieratt.jpg" alt="" width="240" height="180" />In the annals of CEO blog postings, <a href="http://pieratt.tumblr.com/post/5450242474/my-job-pt-1-i-have-no-idea-what-im-doing">Ben Pieratt''s recent writings</a> on the challenges of running Svpply stand out for their bracing honesty.</p>
<blockquote><p><em>I have zero experience or expertise in building a company. I’ve never worked at a web or product startup, I’ve never worked in a healthy team environment. The design studio I co-owned was flawed to its core, and the companies I’ve worked at have had mediocre management.</em></p>
<p><em></em><br />
<em>So I’m learning on the fly.</em></p>
<p><em></em><br />
<em>Things I don’t know how to do that I have to learn soon or Svpply will fail:</em></p>
<p><em></em><br />
<em>- How to find and recruit talent</em><br />
<em>- Recruiting the appropriate kind of talent</em><br />
<em>- Managing people and keeping them fulfilled in their work</em><br />
<em>- How to develop and design a work schedule</em><br />
<em>- How to communicate a vision</em></p></blockquote>
<p>Speaking publicly about the slow development of new features, the bouts of worry and depression and the deep technical problems at his company was probably a relief for Pieratt. It generated an burst of support from the Tumblr community and drew attention from various media outlets. The post is title "My Job Pt. 1 - I have no idea what I'm doing", and Pieratt's investors and employees are no doubt waiting to see what he reveals next.</p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-7514" style="margin-top: 5px; margin-bottom: 5px; margin-left: 10px; margin-right: 10px;" title="ben pieratt" src="http://nyobetabeat.files.wordpress.com/2011/05/ben-pieratt.jpg" alt="" width="240" height="180" />In the annals of CEO blog postings, <a href="http://pieratt.tumblr.com/post/5450242474/my-job-pt-1-i-have-no-idea-what-im-doing">Ben Pieratt''s recent writings</a> on the challenges of running Svpply stand out for their bracing honesty.</p>
<blockquote><p><em>I have zero experience or expertise in building a company. I’ve never worked at a web or product startup, I’ve never worked in a healthy team environment. The design studio I co-owned was flawed to its core, and the companies I’ve worked at have had mediocre management.</em></p>
<p><em></em><br />
<em>So I’m learning on the fly.</em></p>
<p><em></em><br />
<em>Things I don’t know how to do that I have to learn soon or Svpply will fail:</em></p>
<p><em></em><br />
<em>- How to find and recruit talent</em><br />
<em>- Recruiting the appropriate kind of talent</em><br />
<em>- Managing people and keeping them fulfilled in their work</em><br />
<em>- How to develop and design a work schedule</em><br />
<em>- How to communicate a vision</em></p></blockquote>
<p>Speaking publicly about the slow development of new features, the bouts of worry and depression and the deep technical problems at his company was probably a relief for Pieratt. It generated an burst of support from the Tumblr community and drew attention from various media outlets. The post is title "My Job Pt. 1 - I have no idea what I'm doing", and Pieratt's investors and employees are no doubt waiting to see what he reveals next.</p>
]]></content:encoded>
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			<media:title type="html">jhanasobserver</media:title>
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