Visiting Dignitaries

Drunk, Naked AlphaBoost Founder Matt Monahan Is Currently Trying to Sell His Company


Earlier this afternoon, Gawker republished photos and a video of AlphaBoost CEO Matt Monahan drunk and naked during a vacation to India. The escapades were originally shared by Jesse Thomas founder of JESS3, a social media advertising firm.

Venture-backed startup founders are fond of booze-soaked jaunts to unwind from the pressure of crushing it, celebrating a big milestone, or just because they can afford to. The difference here is that Mr. Thomas graduated from ill-advised Instagram shots of popping bottles to sharing a video and photos of a stark naked Mr. Monahan cavorting on the beach, somewhere approaching blackout drunk.

And that Mr. Monahan got caught on tape at the same time that he’s trying to sell his company. Read More

Funding Fun

Social Media Referral Platform Tout’d Raises $1.4M in Seed Funding

Mr. Kallenberg (Photo: LinkedIn)

New York-based “Word-of-Mouth” platform Tout’d announced this morning that they raised $1.4 million in a seed round led by Warner Hill Angels. Tout’d, led by Techstars alum Arron Kallenberg and Wall Street vets Rob Morelli and Saro Cutri, allows users to crowdsource questions like, “What’s the name of a good plumber?” to your social connections, who can provide helpful answers.

Tout’d users can sign in using Facebook Connect and have personalized recommendations immediately delivered to them based on their social circle. Picture Foursquare tips, but for anything, and with more in-depth details.

Tout’d CTO Mr. Kallenberg, who is basically the definition of “serial entrepreneur,” has had his fair share of experience knocking around startup ideas. “When I got to college I wanted to study cultural anthropology, but my family operates a commercial fishing boat in Alaska and the fishing industry took a nosedive economically, so I started a consulting company doing app development when I was pretty young,” Mr. Kallenberg told Betabeat by phone. Read More