Xconomy recently profiled Michael Duda, co-founder of Consigliere Brand Capital, a NY based investment and consulting firm that invests in brands. Some of the company's investments include startups Birchbox, Kiwi Crate, Chloe + Isabel, StellaService and Contently. The company also works as a [Full Story…]
A Stamford Tech Incubator in the Making
February 25, 2012 at 10:03 am
In the Connecticut town of Stamford lied the historic old Town Hall, which had been unused for 25 years until Patti Meagher and Barry Schwimmer, along with other investors and a sponsorship by Sikorsky Aircraft, decided to shell out $16 million in 2008 to renovate and enlarge the building. The [Full Story…]
NY Native Takes Startup from Cambridge to Manhattan
February 24, 2012 at 2:13 pm
Danielle Weinblatt, CEO of Take the Interview, a startup from Cambridge, MA is moving the company to NY with the hopes of receiving additional funding. The startup helps employers become more efficient in their hiring process with the development of a platform that allows recruiters to screen [Full Story…]
VC Firm Village Ventures to Close Down
February 24, 2012 at 11:06 am
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…]
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…]
VCs are Younger, Tech-Savvy and Married to Their Startups
February 20, 2012 at 10:02 am
In the current tech sector boom, venture capitalists aren’t just financiers. According to Crain’s New York Business, they are mentors, rabbis and consiglieres, all wrapped up in one. These days, with all of the networking, strategizing and assisting in hire and fire decisions, VCs are [Full Story…]
Despite Facebook and Google, NY Tech Scene is Still Fragile, Says Neumann
February 16, 2012 at 10:32 am
According to Angel investor Jerry Neumann, the politics of innovating are difficult because wherever there is change there is always some one who wants to maintain the status quo. Neumann, who backs NY-based tech companies including Yieldbot, 33Across and PlaceIQ, said big companies change by making [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…]
Proposed Tax Break for NJ Angel Investors Being Considered
February 15, 2012 at 9:23 am
Proposed NJ government legislation could give angel investors a 10 percent tax break if they back in-state tech startups. The New Jersey Angel Investor Tax Credit Act" would create an annual fund of $25 million where investors could reap tax credits of up to $500,000 a year. Supporters say the bill, [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…]
Ultra Light Startups: Recap of the February 2012 meetup #ultralight
February 13, 2012 at 1:02 pm
Late last week was Ultra Light Startup’s second meetup in 2012, and ULS’s very own social media blogger Al Chen was on hand to catch all the action. He shared his observations of the pitch contest proceedings with NYConvergence. There are some new panelists this month I haven’t seen before [Full Story…]
VC Firm Moves From Midtown to Silicon Alley
February 12, 2012 at 2:06 pm
The venture capital firm, FirstMark Capital just signed a 10-year lease for a 10,600 square foot space at 100 Fifth Ave.—a building where Yelp and Apple's NY offices are also located. Since The Kaufman Organization and Invesco bought the building early last year, several tech startups have [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…]
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