Red Rover, part of the inaugural New York TechStars class, is a four-year old, revenue-generating start-up that provides Facebook-esque student and alumni directories for schools and employee social networks for corporations–the kind of later-stage company you might be surprised to find in an incubator program. CEO Kevin Prentiss was unsure if the TechStars experience would be worth the six percent stake he’d have to hand over. Read More
To read things like this: STATUS UPDATE: CELEBRITY, PUBLICITYAND SELF-BRANDING IN WEB 2.0, the 511-page dissertation by NYU PhD candidate Alice Marwick. Anyone want to divvy this one up? We can take the sections on micro-celebrity, money and Valleywag.
Customer analytics start-up Profitably just announced a $1.1 million raise after more than nine months of pitches, demos, meetings and introductions. The moment was cathartic for CEO Adam Neary, who was moved to rehash the entire experience in a 3,000-word post on Profitably’s Tumblr today. ”I’ve read many blog posts by entreneurs who have raised money successfully, and honestly, I can’t relate to most of their experiences. Maybe our situation was grossly different, or maybe folks are glossing over their struggles and mistakes. Either way, I thought I would do my best to recount an honest and complete review of 2 very grueling rounds of startup financing,” he wrote. Read More