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Meet another set of investors funding New York-based Web start-ups: Lerer Media Ventures, run by Huffington Post co-founder Ken Lerer and his son, Thrillist co-founder Ben Lerer. Their backers include familiar names like Ron Conway and Arianna Huffington. Are you cobbling together a start-up in New York City and looking for cash? Good news: A lot of wealthy and wired people want to write you a ch
The complete unexpurgated case, from the founder of Tripod. Bo brings an interesting perspective to this argument, given that he founded and ran community-site Tripod in the late 1990s. Bo's piece generated many questions, from us and others. Happily, he had a more complete version on hand that answers many of them.Bo answers some specific questions about Facebook and Twitter at the end. But f
A visit from the pope may attract a large audience, but it's not a great place to make money. Likewise, social networks can successfully bring people together, but don't expect them to turn a profit. That's a mistake media companies, which invested heavily and with high hopes in social networking, are only just starting to understand. News Corp.
As was ably covered by Dan Primack in PEHub, I am starting a new venture fund. However, as my friends and venture colleagues know, I am extremely down on what the venture industry has become. To be clear, it is less an issue of structure (management + incentive fees in a GP/LP structure) and more an issue of size.
I recently met an entrepreneur who was raising money for his startup. Six months prior, he had raised seed money (
The NYC tech scene is exploding. There are tons of interesting startups. I’m an investor in a bunch and started one (Hunch) so won’t even try to enumerate them as any list will be extremely biased (other people have tried). I will say that one interesting thing happening is the types of startups are diversifying beyond media (HuffPo, Gawker) to more “California-style” startups (Foursquare, Boxee,
It has been about a decade since the bloom fell off the dot-com rose. Many of the employees and entrepreneurs who worked at failed Internet businesses have already moved on, chalking it up as an important life experience.But the economic disintegration from that period is just now starting to catch up to the venture capital firms which backed everything from Pets.com to Freeinternet.com to HomeGr
The Silicon Valley Association of Startup Entrepreneurs (aka SVASE) has set up a new seed funding program for Silicon Valley entrepreneurs in conjunction with newly established early-stage investment firm Cambridge West Ventures.On the East Coast, meanwhile, things are in motion too, with the introduction of a new seed startup fund dubbed IA Venture Strategies that was founded by New York angel i
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