New York’s ARC Angel Fund and several of its limited partners are participating in a $1 million investment in mobile marketing service provider Offermobi, TechCrunch reports.
Offermobi, which allows advertisers to pay based on the actions of an advertisement’s audience, launched in April 2010. The company plans on hiring for business development roles. Read More
Jonathan Teo, who joined Benchmark Capital from Google in 2008, is making another shift. According to Business Insider, Mr. Teo is heading away from the Silicon Valley firm to join Boston-based General Catalyst, with an eye toward making New York-based venture investments.
The hire can be taken as a sign of General Catalyst’s Read More
In recent years traditionally reclusive venture capitalists have come out of the shadows and stepped into the limelight, often via personal blogs.
Larry Cheng of Volition Capital has been tracking the top VC scribes in terms of their monthly unique visitors since 2009.
A number of New York VCs broke into the top Read More
InSiteNY, a local venture capital think tank of sorts, offers a look at early-stage technology investment in New York and Silicon Valley, and its findings confirm several of the buzz phrases floating around Manhattan tech circles.
First up, starting a company just isn’t as expensive as it used to be (a Read More
Amid a nationwide surge in tech-related venture capital activity, New York has new bragging rights over technology industry rival Boston. According to a report from CB Insights, New York has seen more technology venture capital deals and has amassed more venture dollars than its New England rival.
Over the last five quarters, Read More
Earlier this year Old Spice premiered an ad campaign in which their spokesman replied in real time to users Twitter comments.
The partners and portfolio companies from First Round Capital, which has a strong presence in New York, are recreating that act to send out their holiday greetings.
“Hello Internet denizens, how are you this Read More
Deals, Venture Capital
NY venture capitalist Fred Wilson wrote a rather gloomy blog post this morning about the state of the tech industry.
Wilson thinks the mounting competition to fund early stage startups has led to a big decline in how carefully VCs are considering their investments.
In particular, I think the competition for “hot” deals Read More
New research from CB Insights shows that while Silicon Valley is still the biggest player in new tech funding, it share of the market has fallen by 7% since last year.
More importantly, as Nick Saint notes, New York — which has traditionally been viewed as a little brother to Boston Read More
Collusion, Venture Capital
Venture capitalist Fred Wilson learns a lot from the commentors on his blog, A VC. They get him up to speed on companies and make it easier to keep up with the flood of young entrepreneurs pitching him their ideas. His readers prepped him for his role as a judge at the Web Read More
Uber-blogger Michael Arrington started a minor firestorm last night when wrote that a cabal of high powered “super angel” investors were meeting in secret to collude on prices and structures for upcoming deals. This was Arrington’s none too subtle way of letting his “friends” know that he didn’t appreciate being left out of Read More