In hard times, government support for the arts often seems like an unaffordable luxury, a matter of concern only to cultural elites who are out of touch with economic realities.
But that’s simply not true. Study after study has shown that the arts are an economic boon to world-class cities like New York. People come Read More
Red-hot NYC startup GroupMe has raised $10.6 million in its second round of funding. The investment was led by Khosla Ventures whose partner David Wieden joined GroupMe’s board.
New York VCs also got in on the deal: Lerer Ventures, Betaworks and First Round Capital all participated.
The service, which lets users create text Read More
Union Square Ventures has a new fund in the works, along with a new partner and perhaps, a change in focus to later stage companies.
The new $200 million fund, of which USV has already secured $135 million, was first noticed by Dan Primack over at Fortune, who came across the form D Read More
Round and round
Tumblr has just raised a monster funding round, reported to be in the area of $25 to 30 million at a valuation of $135 million.
Dan Primack over at Fortune put a figure on this new round, which had been reported, sans financial details, by Business Insider last week.
BI hinted Read More
Word on the street is that Tumblr has secured a large new investment from top-flight Silicon Valley VC Sequoia Capital.
Details are scarce right now. Business Insider, which broke the story, has no official confirmation or details on the size of the investment beyond “big.”
Tumblr has great growth, but no real revenue Read More
Off the Rails
Don’t even go there. Because the buses already don’t.
That’s the message from a group of transit advocates, who sent an open letter to Albany yesterday pleading with the governor and Legislature not to raid the MTA’s dedicated funding. Again.
Last year, needing to trim the budget by billions, Albany decided to take Read More