shameless rumormongering

Rumors & Acquisitions: Fear of Facebook

rumormonger

FACEBOOK FEVER. Facebook is opening an engineering office in New York. “For us this isn’t a satellite office, this is going to be a core part of our engineering stack,” said a company exec today. So how does the still-nascent New York tech scene feel about the arrival of such a giant?

“I mean, Google is freakin’ massive, and they’ve almost had no effect on the community,” Hacker Union head and 10gen engineer Brandon Diamond told us by Gchat. “They’re trying to get out there, but they seem to be awful insular. I wouldn’t be surprised if Facebook is the same way… it will probably help more than it hurts. Fb obviously isn’t banking on the ‘tremendous number of hackers living in NYC.’ Instead, I think they believe they’ll be able to woo many new hackers with the added bonus of being in a cool city. It’s a boon.”

As to whether the new office will lure back some of the talent Facebook poached in the form of Drop.io, Hot Potato, Daytum and Mail Rank, but survey says no. “I don’t suspect? Highly doubt it, actually,” says a source, regarding the Hot Potatoes. Read More

Funding

Altruik Scores $2.8 Million Inside Round for Automated SEO Service

The Altruik Team

Back in 2009 Altruik raised a $4.7 million Series A from a group that included New York venture funds DFJ Gotham, First Round Capital, Greenhill SAVP and Zelkova. Today it announced a new $2.8 million dollar raised with these sames names plus contributions from the newly formed Centurion Venture Partners and the New York Angels.

The re-up is a vote of confidence that the company is headed in the right direction, although the diminished size of the round speaks to the challenges Altruik faced. Read More