New Deal

Imgur Gets $40 Million Investment From Andreessen Horowitz

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One of tech’s most prolific venture capital firms, Andreessen Horowitz (or “A16Z”), has invested a sizable $40 million in image sharing giant Imgur, Betabeat has learned.

Imgur has been the subject of acquisition rumors for the past year, but has never taken outside money, regardless of how successful they’ve been. According to Imgur CEO and founder Alan Schaaf, Imgur has been approached by almost every VC on the map in the past five years.

“We’ve always been fighting them off,” Mr. Schaaf told Betabeat, “and the reason is because we never really found a good fit.” Read More

IPO Party

Box CEO Shows Up On Quora To Appease Troll

Box CEO and co-founder Aaron Levie. (photo: Getty Images)

Cloud storage company Box is headed toward an IPO, and everyone got their first look at their S-1 filing last week. The prognosis is simple: Box has about another year left on its cash reserves, and going public is their best shot at floating a few extra years while they’re in the red.

And of course, as haters are wont to do, one curious Quora user took the opportunity to take shots at Box CEO Aaron Levie. Read More

Venture Capitalism

Q1 Report: VCs Invested Nearly $7 Billion Across 841 Deals, the ‘Highest Level’ Since Dot Com Boom

(Photo via CB Insights)

CB Insights released a new report about venture capital financing for the first quarter of 2013, and after a bleak 2012, things are looking up for New York startups. The state beat out Massachusetts for the second time in the last two years on “overall number of deals and funding” (not exclusive to tech companies), placing just behind California. Read More

Ageism

Silicon Valley’s Open Secret: Over 26 Need Not Apply

Experts. (Photo: Shermanave.com)

All the world loves a prodigy, but nowhere more so than Silicon Valley. Investors love to talk about all the exciting ideas flowing forth from the 20-somethings, and it sometimes seems startups are half business, half playroom.

It’s all very exciting if you’re a college kid looking for an alternative to the 9 to 5 grind. But if you’re a technology veteran in his fifth or sixth decade, it looks a lot different. In fact, as Reuters reports, it looks a whole lot like age discrimination run rampant. Read More

Adventures in Venture Capital

VCs Dave Tisch, Adam Ludwin and Others are Now Ready to Take Your Questions

(Photo: VYou)

When we first joined VYou back in its beta phase, it seemed like just another platform for innocuous oversharing, albeit a higher maintenance one: instead of oversharing from bed in your PJs, you had to look rather presentable to record a video of yourself.

But now, as celebrities flock to the video question and answer platform as a new way to connect with fans, VYou is focusing on building out another aspect of its site: video-based knowledge sharing. In the upcoming weeks, VYou will be assembling groups of experts in various areas. Users can ask them questions and get responses directly from the experts. Read More

In the Arms of an Angel

Are Party Rounds Turning the Tech Business Into a Lamer Studio 54?

Swap Ryan Philippe for @aplusk, of course. (Photo: Wikipedia)

Let’s face it: There’s a reason clubs will pay reality stars just to come hang out. People are more intrigued by a famous face. Silicon Valley might think itself above crass fame-whoring, but that doesn’t mean tech folk are immune to the siren song of social proof. Witness, for example, the rise of the so-called “party round.”

Today TechCrunch takes on the topic of these early-stage “family-style” rounds, where angel investors and VC firms pony up a bit of cash (often as a kind of option for later investments), but no one quite leads the pack. The process is compared to–what else?–high school: Read More