Village Ventures, a VC collective that was doing business in Massachusetts and in NY and operates more than 15 funds, will be winding down. On its own, Village Ventures had raised $135 million in its second fund, and $45 million in its first. Leverpoint, an independent company which provides [Full Story…]
Crain’s Takes a Look at NY’s Top VC Investments
February 24, 2012 at 8:08 am
Looking to assess which NY tech startups have potential for an IPO in the future, Crain's New York Business turned to VC tracking firm CB Insights, who developed a list of the 25 NY-based companies that received the largest VC investments in 2010 and 2011. Also on the list are the names of the VCs [Full Story…]
NY State to Sell Excess Assets on Ebay
February 23, 2012 at 3:26 pm
NY State's excess assets including vehicles, cell phones, medical equipment, highway equipment, office furniture etc. will be sold on Ebay. Selling the unneeded equipment will help the state cut back on operating costs and inventory, Governor Andrew Cuomo said in a statement. The sale will begin in [Full Story…]
Is NY Startup Fab Growing too Fast?
February 23, 2012 at 11:04 am
Last week the flash sale site Fab, a NY design flash-sales focused startup that is less than a year old, launched five new verticals and this week the company bought Berlin-based Casacanda and opened up its first international site, Fab.de. The moves prompted Fast Company to ask if the startup is [Full Story…]
New 8GB Nook Tablet Launches Today
February 22, 2012 at 12:44 pm
Today NY-based Barnes & Noble has launched a new and more affordable Nook Tablet, to better compete with Amazon's Kindle Fire. Until this launch, the current version of the Nook available at B&N stores cost $50 more. This new version will have smaller storage of 8GB and will cost $200, [Full Story…]
NYTECH: Alternative Non-Venture Ways to Raise Capital in NY
February 21, 2012 at 11:09 am
by Lauren Keyson Last week the New York Technology Council held a raising alternative capital event by using non-VC backed sources of funding at the Citibank Center. While venture financing is the most talked about source of funds, it certainly is not the only available avenue as“Cash is [Full Story…]
Dennis Crowley’s Life Sizzles and Spikes
February 19, 2012 at 10:07 am
In a lengthy profile, Business Insider examines the life and times of Dennis Crowley, the founder of Foursquare. The talented NY entrepreneur turned his love of games, socializing and partying into a career and an app headed toward a billion-dollar valuation. But Crowley’s road to success was [Full Story…]
NY Tries to Sell Wireless Emergency Network
February 18, 2012 at 2:05 pm
The New York City Wireless Network, or NYCWiN, is a technology that allows public-safety data to reach the people quickly and easily. It also allows for live video streaming at large venues by first responders in case of emergency. In addition, the system also has radiation sensors throughout [Full Story…]
NYPL to Spend $1Billion on Library Renovation, Including Computer Education and Online Catalogs
February 18, 2012 at 10:06 am
The New York Public Library is embarking on a plan to renovate its Fifth Ave. flagship and branches around the city. The renovation of the main branch, plus the entire systems, is expected to cost $1 billion, with some of some of the funding will come from the sale of the Mid-Manhattan branch and [Full Story…]
#FundingPost Part 2: Tech Investing – Silicon Alley Vs. Silicon Valley
February 15, 2012 at 4:16 pm
By Lauren Keyson At the massive FundingPost entrepreneur-VC pitching event in Midtown last week, 70% of the attending companies were based in NY; the rest came mostly from surrounding areas like Philadelphia, New Jersey and Connecticut. The two FundingPost founders, also investors in the ARC [Full Story…]
#FundingPost Part 1: Women Intimidated By Investment Process?
February 15, 2012 at 3:02 pm
By Lauren Keyson FundingPost held its biggest "NYC Venture Capital and Angel Showcase last week at Midtown's Credit Suisse HQ. The organizers called it a "Reverse Venture Fair" where startup founders went directly to a VC versus having to wait for the VC to come to them. About 70% of all the [Full Story…]
FreshDirect’s $84 Million Bronx Tax Exemptions Approved
February 15, 2012 at 2:04 pm
Although there were calls earlier this week for a delay in approving financial assistance for NY-based online grocer FreshDirect, the Industrial Development Agency approved $84 million worth of tax exemptions for the grocer in a 14 to 1 vote. The approved exemptions are in connection with a [Full Story…]
Connecticut Allocates $100 Million for Tech Startups
February 14, 2012 at 9:22 am
According to the Hartford Courant, Clair R. Leonardi’s appointment as CEO of Connecticut Innovations will shift the state’s commitment to developing its tech sector into overdrive. Leonardi will oversee the investment of $100 million annually in tech startups. Up until now, the state has only [Full Story…]
As Thrillist’s Revenue Rockets, CEO Considers an IPO?
February 12, 2012 at 3:04 pm
In one year Thrillist’s revenues have risen from about $10 - $15 million to more than $30 million this year. CEO Ben Lerer expects his site will have revenues of $100 million by this time next year, all while positioning itself to "potentially" file for an IPO. The revenue spurt comes from [Full Story…]
Paddle8 Gets $4 Million in Funding From Luxury Investor
February 10, 2012 at 4:07 pm
The NY-based online art venue Paddle 8 recently secured $4 million in a first round of funding. The investment was led by Mousse Partners, a private investment firm controlled by Chanel Inc. and the VC firm Founder Collective, which has also backed startups Makerbot and Milo. According to [Full Story…]
Local Business? Join the Marketplace
Recent Comments