Tech Bubble Watch
According to the new Money Tree report from Price Waterhouse Coopers and the National Venture Capital Association, there was nearly $5.9 billion dollars invested in 736 deals in the first quarter of 2011. According to Dan Primack over at Fortune, that works out to an average of $7.98 million a pop, an 18 percent increase over last quarter, 21.6 percent higher than the average in 2010 and 47 percent higher than the average deal size in 2009.
If the growth of deal size was a reflection of a move towards later stage funding, which typically requires more capital, than this change would seem less important. But as Primack notes, this expansion is across all stages save the seed round, for which it is difficult to gather hard numbers. Anecdotally, at least in New York, Betabeat has been told by numerous investors that the seed stage market is overcrowded and overfunded. Primack goes ahead and puts “bubble” in his headline. Read More
It’s just 19 days until the launch of Localresponse, the newest offering from mobile entrepreneur and investor Nihal Mehta.
He’s been hitting the trail, criss crossing the country to rustle up partnerships with big brands. Localresponse is a kind of a pivot for the folks at Buzzed, according to co-founder Michael Muse.
Seems to be working. Read More
Some of the warning signs of a tech bubble have begun to reemerge, including a rush by banks and big institutions to buy into late stage tech companies expected to IPO. But as the NY Times reports, these firms look very different than their dot-com predecessors.
For starters, there are a lot less of them. Research from Read More
There is a complex fan dance that goes on between start-ups and the institutions that support them. VCs and investment banks want to find and befriend the most promising start-ups before anyone else. At the same time, few of these promising young candidates will mature into profitable clients in the near future. Read More
Justin Wohlstadter navigated easily through the crush of long-legged beauties and laptop jockeys crowding the lobby of the Ace Hotel on a chilly Thursday night. His informal office when he’s not in the U.K. doing postgraduate work at Oxford, the wood-paneled bar is also his hunting ground for tech deals to fund Read More
SeatGeek, which helps users find the best deals on tickets being sold on the secondary market, is on a roll. Today the company announced a new investment from courtside celebs, Ashton Kutcher and Guy Oseary’s A Grade Investments.
SeatGeek is based out of General Assembly, the new startup space in Flatiron that Fashism, another Kutcher Read More
No one could say Paul Miller wasn’t prolific, as he worked his way up the food chain — contributing, associate, senior associate editor — of Engadget, one of the web’s biggest tech blogs.
Stack Overflow’s dedicated user base has made it the web’s best resource for questions on topics as far flung as computer programming, cooking and amateur photography.
Now this trove of knowledge will be integrated with upstart search engine Blekko, which is taking on giants like Google and Bing by offering users heavily curated results.
Blekko’s Read More