Betaworks co-founder Andy Weissman has made a major and unexpected move. After four years at the innovation lab, Mr. Weissman is leaving to join New York’s most prestigious venture fund, Union Square Ventures, which Betabeat learned today is in the process of raising a new $150-200 million round.
Below is the internal email from Mr. Weissman’s co-founder, John Borthwick, to the betaworks staff.
Twitter, the Web’s biggest repository of personal oversharing, political dissent and tasteless self-promotion, is donning a suit and tie.
The little blue bird has been perching in a spartan, open-concept loft in Soho since November, searching for the perfect spot for its first New York City headquarters. Now The Observer has learned that it plans to sublease Facebook’s former digs at340 Madison Avenue, according to a source with knowledge of the deal.