There’s a lot of chatter in the air about a second tech bubble, though many of the smartest people in the room think it’s not the case. Either way, it doesn’t help when the tech media goes wild at every sky-high valuation — especially when the media gets it wrong. Read More
YuuZoo is a new mobile social network that’s driving hard into India, China, South East Asia, the Middle East and Africa, where mobile Internet is much more common than home Internet—so we’re not sure why the startup is partnering with rapper Maino for a fabulous social media party tomorrow at Jay-Z’s 40/40 Club on West 25th St. Read More
When NonStartr popped up on our Twitter feed this morning, we of course found it hilarious–”Its like Klout, but for clowns!”–but then we thought maybe we had seen it before. Turns out Nonstartr is new; one of its creators, Alex Leo, Reuter’s director of product news, told us over Twitter: “We came up w/idea months ago, brainstormed & got domain/accts but [Andrew Cedotal] (who did ALL the work) did it recently.” But it’s also one of many ridiculous startup generators on the Internet that poke fun at some of the silly ideas for companies the recent tech bubble has produced. So without further ado, here is your complete guide to the Internet’s best startup generators. Read More
Couchsurfing.com is a website that lets travelers shop for free couches to crash on in the cities they’re visiting (and often includes meals, beer, tours and new friendship) which is, yes, in some ways similar to Airbnb, that “billion dollar business” that just raised a massive round. But Couchsurfing has always been about sharing resources for free, between people with a shared love of travel, with the vague idea that kindness to a guest would be repaid in karma when you needed a place to stay elsewhere in the network.
The website designed a clever reputation system, better than Airbnb’s, and though its user experience is not perfect, the nonprofit’s employees and volunteers have managed to iterate on the website and it’s gotten much, much better. And yet its founders decided they needed more money, enough to become a for-profit and invite the profit pressure that comes with tech start-up investors like Omidyar Ventures and VC Benchmark Capital. Read More