Category Archives: New Ventures

Investors Are Drooling Over Two New Craigslist Competitors. One Might Raise $100 Million.

Two new start ups OfferUp and VarageSale, have a similar mission to take down craigslist. Both these companies make mobile apps that people use to quickly buy and sell stuff from other people who live in their towns. OfferUp is in the process of raising an investment round that could fetch between $60 million and $100 million. Both OfferUp and VarageSale have secretly raised money from two of the biggest names in venture capital — Andreessen Horowitz and Sequoia Capital. Read More>>

Life after ‘Shark Tank’ is pretty good for one Portland startup

Shark Tank, a show that sees entrepreneurs appear in front of a panel of potential investors where co-founders of Sseko Designs,Liz Forkin Bohannon and Ben Bohannon, did not make a deal with a “Shark” on Friday night. But the reality TV appearance of the duo was still a success.The night they aired there were more concurrent users on their site by 100x. The couple pitched the reality TV investors with the intent of raising $300,000 in exchange for 10 percent of the company and their video response has been well received. Read More>>

U.S. Venture Capital Investment Spanned 160 Cities in 2014

Venture capitalists invested $48.3 billion into companies located in 160 metropolitan statistical areas (MSAs) in 2014. The venture community continues to invest in entrepreneurs founding innovative companies in regions across the U.S., deploying capital to more cities in 2014 than any year in the past five years. The article also provides with lists of cities in which venture capitalists have been investing more money. Read More>>

With $2.1M In Funding, GrubMarket Connects Consumers With Local Farms And Food Producers

As a growing number of consumers have become more conscious of where their food comes from and as consumers prefer products delivered to their door step. GrubMarket looks to take advantage of  these growing trends among consumers. To capitalize on those trends, GrubMarket offers up a marketplace through which consumers can buy food from local farms and producers. Once they’ve chosen from various different options, GrubMarket does the work of picking up those products from local producers and delivering them to consumers. Read More>>

Kleiner Perkins, Al Gore, Revolution Growth invest $50M in Optoro, a Lanham start-up

Kleiner Perkins Caufield & Byers, a Silicon Valley venture capital firm has invested $50 million on a  start-up called Optoro. Kleiner is known to have supported some of the most iconic businesses in the world. The latest being Optoro, which began a decade ago in the Brown University dorm room of a Washington entrepreneur, builds software that enables big-box retailers to redirect their unsold or returned inventory, from laptops to blenders, to online sites such as eBay and Amazon.com. Read More>>

CAN A $200 BEARD-GROWING KIT MAKE YOU COOL? WE GAVE IT A TRY

Traditionally when you think of a beardsman you think of, like, a biker or an outdoorsman or a lumberjack. But Eric Bandholz, the founder of a men’s-grooming company called Beardbrand is set to change that perception and give professional expert help to urban beardsman. Bandholz’s company is tapping into a growth market where beards have a made a huge comeback over the past few years, and lots of new beardsmen are eager for products to help tend the bush. Between 2009 and 2013, the number of men with face fuzz increased 21%, and men’s grooming products in general are booming: Bandholz is looking to capitalize on the same by offering upscale grooming products which he does via his website, Tumblr, and YouTube channel. Research firm Mintel has estimated the category could hit $3.2 billion in sales by 2016, as compared to $2.2 billion in 2006.Read More>>

New Video-Based Social Network Ocho, Backed By Mark Cuban, Raises $1.65M

Ocho – a new video-based social network tailored specifically for iPhone users has found its undettered investors in Mark Cuban, Bill Lohse, and several others who are betting on the same although there is no shortage of video-snippet sharing services. The investors just helped Ocho raise $1.65 million in seed funding, which will be used to build out the service, and secure partnerships. Ocho allows users to capture eight-second videos. Presented as a news feed, Ocho videos can be ported across devices including Apple TV. Read More>>

A Counterintuitive System for Startup Compensation

Molly Graham, joined as an employee on Facebook when it had 400 employees but a clear compensation system wasn’t in place. This resulted in very little transparency and frustration in the workplace. Hence, Graham decided to set out to change this by going back to the basics with a solid standardized compensation system. Today, as Head of Business Operation at Quip, she believes that there is a simple, transparent system that will work for all startups. Read More>>

Journalism startup Latterly doesn’t care about page views one bit

reading-window-arek-olek-flickr

Journalism startup called Latterly will embark a unique and enterprising business model. Latterly will publish four new elaborate works of narrative journalism with characters, plot, conflict, resolution, and all on its website every month. The startup will charge readers $3 per month or $8 for a three-month subscription. The company will not look to for advertising on its website and will not care about the number of clicks on its website. The idea behind this is to focus more on quality of the startup rather than the quantity. Read More>>