Feed

startup rundown

startup rundown

B-ball all-star? (Photo: Twitter)

Startup News: Two Regular New Yorkers Disrupt Christmas and Alexis Ohanian Just Wants to Park His Car

r/findmeaparkingspace ParkWhiz, the Chicago company that enables users to find and reserve guaranteed parking spaces before reaching their destination, today announced that it has closed a $2 million Series A round of funding led by Hyde Park Venture Partners. Reddit’s Alexis Ohanian also took place in the round along with Hyde Park Angels, Amicus Capital, and others. In a press release sent to Betabeat, the company said that since its launch in 2006, it has driven $10 million in parking revenue to parking operators and provided access to 3 million parking spaces nationwide.

Fab Goes To India Jason Goldberg, the founder and CEO of Fab, took to his personal blog yesterday to announce that his company had acquired new funding. Times Internet, the digital arm of The Times of India Group, India’s largest media company, has chosen to invest in the company. Mr. Goldberg notes in the post, “As part of this investment Fab will be working with Times Internet to explore and execute on our India market strategy in the coming years.” Since launching in June 2011, Fab has raised over $150 million from investors. Read More

startup rundown

Ms. Houston (Photo: Wikipedia.org)

Startup News: Whitney Dominates Google and Nike Creates Accelerator for the Athletic Among Us

And I Will Always Google You Google just released its year-end zeitgeist list and Whitney Houston was named the most searched person and term of the year. Gangnam Style clocked in as the second most searched thing of the year and the now-pregnant duchess Kate Middleton was the second most searched person in 2012. In terms of New York’s search history, Hurricane Sandy took the number one slot and was followed by “MTA” and then “NY Knicks” (The new Brooklyn Nets didn’t manage to crack the top 10). In terms of restaurants, Nobu was the most searched place to eat in New York, but Daniel and Chef’s Table didn’t fall too far behind.

It’s Beginning To Look A Lot Like Tumblr Tumblr is instructing its users to tag their favorite posts “#TumblrGiftGuide.” The Tumblr team then will troll through the entries and reblog the best entries onto the official Holiday Gift Guide Tumblr. A look on the site shows a knit skull and a case for an iPad with cute typewriters all over it. No GIFs are currently on the site or for sale anywhere in the world. Read More

startup rundown

Soundcloud CEO Mr. Ljung (Photo: Twitter.com)

Startup News: SoundCloud Goes Social and HowAboutWe Tries to Get Your Mom Laid

SoundCloud Busts Out Of Beta At this point, SoundCloud is basically the audio version of YouTube. A private-beta version of the site launched earlier this year called Next and the newest version integrates a bunch of those social features that the company hopes will help its users discover new music. “From today, ‘Next’ is now simply SoundCloud,” said Alexander Ljung, founder and CEO of SoundCloud in a press release sent to Betabeat. “It’s a platform for people to discover new, original music and audio, for creators to build audiences, and for everyone to share what they hear whether online or on mobile.”

The company claims that users now post over 10 hours of music and audio every minute while reaching over 180 million people. That’s a staggering 8% of the entire internet population, every month. On December 6th, mobile users will be able to enjoy reposts, updated mobile search, and UX updates on both iOS and Android SoundCloud apps. Read More

startup rundown

Tumblr's Mr. Karp (Photo: wikipedia.org)

Startup News: New York Tech Plans Sandy Relief Hackathon and Tumblr Shines Bright Like a Diamond

PartyHat.GIF Tumblr just passed a huge traffic benchmark by finally reaching 170 million global users a month. It’s now the ninth most visited site in the U.S., according to Quantcast. David Karp took to the Tumblr Staff site to congratulate his users and say, “You guys have earned an audience bigger than the biggest TV networks, and you continue to make some of the most thought provoking, insightful, inspiring, funny, diverse, and compelling content being created today.”

Young Money Also worth noting is that Tiffany & Co launched their official Tumblr today. It’s called From Out Of The Blue. The blog contains a couple pictures of necklaces containing an unfathomable number of diamonds and a promotional video that would make any tween ask their parents for a diamond tiara. That’s what Tiffany is going for, right? Read More

startup rundown

Mr. Williams (Photo: Wikipedia.org)

Startup News: Ev Williams Hires a Literary Darling and Branch Finally Lets You Bro Out

Power Literary Hire: Twitter cofounder Ev Williams’s new publishing tool, Medium, just added an impressive member to its team. Kate Lee, a former literary agent from International Creative Management (ICM), has joined Mr. Williams’s startup as the director of content. Ms. Lee was responsible for plucking several bloggers out of obscurity and giving them book deals. The Observer announced her leave from ICM back in April. In a blog post on the site, Mr. Williams described her job as “encouraging, soliciting, commissioning, and contextualizing interesting ideas, authors, and institutions” and noted that she would be building a small team in New York to help her do that.

Branch Finally Lets You Hang Out With Your Friends: Branch, the social conversations site, just launched a groups feature yesterday. In an email to Betabeat, Branch cofounder Josh Miller described it as “Branch’s equivalent of a Follow button.” The idea was inspired by the conversations that people have at dinner parties, in which smaller groups form to discuss topics that they care about. On Branch, these groups can be added into a conversation. Branch’s example site includes a group featuring Mr. Miller, Medium’s Ev Williams, John Borthwick from Betaworks, Michael Sippey from Twitter and Facebook’s Sam Lessin. These groups have a possibility to create Bloods and Crips-like warfare in tech. Choose sides wisely. Read More

startup rundown

Mr. Dickerson (Photo: Twitter.com)

Startup News: Etsy Goes Big for Christmas and Bloomberg Giving Away Big Prize to Makers

Lots Of Tiny Wicker Puppets Sold Etsy CEO Chad Dickerson took to the company’s blog to address his craft-obsessed minons and report big new numbers. Etsy recently hit 20 million members across over 200 countries. In the first week of November, they passed the $700 million sales mark and their direct checkout system has now processed over $100 million in transactions. By the end of the year, Etsy projects that it will have sold over 100 million items in the company’s history.

The company is also going all out for the holiday season and expects to have its best month yet. It’s running a multi-million-dollar online advertising campaign and opening a Etsy Holiday Shop in SoHo from November 29th through December 8th. SoHo though? Isn’t Greenpoint or Williamsburg more on target with the Etsy brand?

Chu Bets Against Zynga Betable has already announced partnerships with big game companies and is right on the path to become the Spotify of online gambling and pass its closest rival, Zynga. Ya-Bing Chu, a former VP and GM of Zynga’s mobile division, has now joined Betable as the company’s new Chief Product Officer. At Zynga, he was responsible for operating Words with Friends and Scramble with Friends. Mr. Chu explains the move in an essay on Betable’s blog, where he says, “I realized that Betable was the only frictionless way to enter the real money market, which is revolutionary.” Read More

startup rundown

A pretty Mujjo case (Photo: Mujjo.com)

Startup News: Foursquare Plans Yelp’s Obsolescence and Brooklyn Tech Triangle Meets Its Maker

Checking In to the New Yelp Foursquare already set its sights on overtaking Yelp with the launch of its super useful local search engine. But its newest iOS update really goes for the jugular: Foursquare now gives locations a 1-10 rating to show you how much people actually like it, instead of the app’s old star rating system. Per the Foursquare blog, the rating is calculated by an amalgamation of “tips, likes, dislikes, popularity, loyalty, local expertise, and nearly 3 billion check-ins from over 25 million people worldwide.” Yelp is going to have to do better than Ernest Hemingway to keep up.

Do-Gooders Keep On Doing Good The New York tech community has banded together over the last week to help victims of Sandy. And now Rain NYC and TelAPI are co-sponsoring a hackathon in conjunction with the Node.js Knockout to build applications that will help future disaster relief efforts. It’s a 12 hour competition and teams will be responsible for building telephony applications that hopefully will improve communication or information dissemination when there’s limited electricity and power. Read More

startup rundown

The Fancy's Fanciest Fan (Photo: wikipedia.org)

Startup News: NASA Images of Sandy Sold for Charity and Boxee Comes to a Walmart Near You

Ceci N’est Pas Une Sandy The affordable-art-dealing website 20 x 200 is now selling a print of a NASA satellite image of Hurricane Sandy. All proceeds from the sale will go to the Red Cross to help relief efforts. The striking image was taken at 9:02 a.m on Sunday, approximately 10 hours before NYC’s MTA shut transport service down throughout the tristate area. Hang it above your couch of a constant reminder of the grander universe and just how much you appreciate your wifi.

More Money, More Fancy Fancy, Pinterest’s cooler older brother, has raised just over $26 million in additional funding. New investors include Celtics owner Jim Pallotta, Twitter and Square cofounder Jack Dorsey and Edward Gilligan, the vice chairman of American Express. This also ruins rumors that Apple was planning to acquire the company. No word yet on what their favorite user, Kanye West, thinks of the new influx of cash. Read More

startup rundown

Mr. Bloomberg. (Twitter)

Startup News: Bloomberg Wiring up NYC and Canadians Make Sweet Love to Songza

Time Warner Still Sucks On Friday, Mayor Bloomberg made a big move toward ing promise to expand broadband in New York. He launched ConnectNYC, a contest for small businesses that will award free fiber cable wiring (overall value of up to $12 million) to 240 local businesses across the five boroughs over the next two years. But will it make slow cashiers go faster?

All Your Dwollas Belong To Us Dwolla, the way to pay people via smartphone, just rolled out a cool feature called MassPay. It allows you to pay up to 2,000 people at once, which is great for business owners or degenerate gamblers who have a lot of friends. Payments under 10 dollars are free, while anything higher than that requires a small fee of 25 cents per transaction. Parking Panda, VHX and Major League Gaming have all pledged to start using the service immediately. Read More

startup rundown

Jon Carin rocks (Photo: wikipedia.org)

Startup News: Braintree Gets a $35 M. Boost, TED Gets Trippy, and Real Estate Gets Gamified

Brain Boost This morning, Braintree, a Chicago-based online payments company announced, a $35 million series B round of funding. The round was led by New Enterprise Associates (NEA). By investing in Braintree, new investors join Accel Partners and others and the company’s total funding is now set at $70 million.

Braintree acquired the beloved bill splitting app, Venmo, back in August and has kept it independent so far. Braintree allows businesses to accept payments from costumers, but Venmo allows consumers to make payments to anyone. It’s a natural fit for both parties.

Braintree’s client list includes fast-growing startups like Uber, Fab.com, Airbnb, who use it, “through periods of rapid growth without disruption to their ability to accept payments,” the company said in an email to Betabeat. They also name-checked competitors like Stripe and PayPal, noting that one “big difference is that merchants receive their funds typically in two days with Braintree, vs. seven days with Stripe.” Read More