exits
The good news: Jack Dorsey, the handsome programmer ousted as Twitter's CEO yesterday, can
put his nose ring back in and stop seeing that CEO coach he hired. The bad news: His cofounder, Ev Williams, who's replacing him as CEO, is sugarcoating Dorsey's exit. Dorsey is
not going to be working in Twitter's office, and his coworkers are
saying their tearful goodbyes; he's effectively out of the company, though he retains the title of chairman and what is presumably a large stake in the messaging startup. So why did Dorsey get fired?
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fred wilson
Fred Wilson's venture-capital firm, the paper of record
tells us, "has built its portfolio making small bets on young companies." That is an excellent definition of early-stage venture capital. But is Wilson, of Union Square Ventures, to be congratulated with a glowing
New York Times profile merely for doing his job? Apparently so. The real thing that distinguishes Wilson from his peers are not his practices or his profits; it is his prolixity. Wilson writes a
blog read by some 25,000 people a month. Newspaper reporters can relate to him as a wordsmith rather than a financier. Also, he is in New York, which makes him geographically convenient for the media capital. The news event which prompted this profile?
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spy photos
Fred Wilson of Union Square Ventures carrying his own lunch order from Shake Shack in Manhattan's Madison Square to a group of tables where he was entertaining wantrepreneurs in New York for the O'Reilly Web 2.0 Expo. Not pictured: Lane Becker, president of online customer-service startup Get Satisfaction, who kept his distance from the assembled nerds, pacing around a tree and chatting on his cell phone.
layoffs
Buy low, sell high, as they say on Wall Street. And right now, there's a flow tide of technical talent from shuttered financial firms flooding the New York Area available at rock-bottom prices. Fred Wilson at Union Square Ventures says
why not take a pay cut and work longer hours at a Web startup? The "quant jocks" Wilson describes could also bank their savings and some unemployment checks and spend six months pitching a business plan — I bet they could convince Wilson to throw some money your way. The entrepreneurial route worked for former finance techie Jeff Bezos, an early adopter who worked at a hedge fund before hedge funds were cool.
First Round Capital has a list of jobs in and around New York for those who would rather continue collecting a paycheck. Though the fund did sneak in email startup Xobni, which is on the left coast. "[H]ey, why not consider a move. The weather is better and winter is coming!!!" That said,
so is Julia Allison.
(Photo by AP/Mary Altaffer)
zemanta
Union Square Ventures partner Fred Wilson has given European startup
Zemanta another $750,000, raising the young company's total to $2.25 million in early funding. What does Zemanta do? They've created a set of browser and blogging software plugins that automagically suggest and quickly adds "relevant" links to your blog posts, which Wilson has described as like "AdWords for content creators." My prediction?
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fred wilson
New York venture capitalist Fred Wilson is sick of answering questions about how his firm's most notable investment, Twitter, will ever make money. "The No. 1 question I get about Twitter is, how do you monetize it?" Wilson
told the Deal's Alain Sherter. He continued:
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fred wilson
Doing nothing to turn the tide back in favor of all those kooky startup incubator kids, Union Square Ventures partner Fred Wilson offers this on why funding young wantrepreneurs is just
good sense to him:
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pranks
Why do so many people in tech deliver singing telegrams? Because they're so painful. My colleague Jackson West ventured this explanation: "Tech people are uncomfortable enough in the real world — raising the discomfort level and then blogging it for laffs provides a tail-eating narcissistic kick." Plus, it's a passive-aggressive sadism that can be documented in video and posted online. In the clips below, watch singing telegrams get delivered to prominent New York VC Fred Wilson, Yahoo ad exec Mike Walrath, and NextNewNetworks cofounder Timothy Shea. Watch and feel the heat rising on the back of your neck.
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social networks
Egobloggers
Jason Calacanis,
Robert Scoble as well as
startup PR clearinghouse Michael Arrington all want to know: How amazing is it that after two years of using Twitter, they've each already got nearly half as many "followers" on FriendFeed after just a few months? Asking the question, each offer hypothetical answers involving the social-network aggregator's ease of use — "The comment systems is so fast and easy that it's perfect," says Calacanis — or Twitter's frequent outages — "Twitter downtime plays a big part," writes Arrington. But here's the real answer to the amazing growth these bloggers have seen on FriendFeed:
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