• May 23rd, 2011

    Lerer Ventures Raises Second $25M Seed Fund for NYC Startups

    As we kickoff of our second annual TechCrunch Disrupt conference, we’re clearly not the only ones who think there’s a substantive ecosystem brewing here beneath all the hype and the froth; Lerer Ventures is announcing the closing of its second seed-stage venture fund today. The total is $25 million, mostly from friends, families and small family investment groups.The fund comes 18 months after Ken→ Read More

    May 23rd, 2011

    Eightfold Logic Launches InboundWriter, A Social Writing App, And Raises $2 Million

    Lazy bloggers and other online content creators from around the world, rejoice, for Eightfold Logic (formerly Enquisite) is today debuting a cloud-based social writing tool dubbed InboundWriter that should make it easier for you to create relevant and shareable online content.

    The company has also announced that it has raised $2 million in Series C funding from existing investors, including Rho… → Read More

    May 23rd, 2011

    TechCrunch Disrupt: Watch It Live!

    While there’s no replacement for actually being at TechCrunch Disrupt, we realize that not everyone can make it for one reason or another (like me, for example, due to massive volcanic activity). As such, we’re happy to offer the next best thing: a full live stream of the event.

    We’ve embedded the stream above, be sure to tune in at 9 AM ET. Additionally, you can also watch the videos we shoot… → Read More

    May 23rd, 2011

    The TechCrunch Disrupt NY Drinking Game: Day One

    It’s that time of the half-year again! Time for TechCrunch Disrupt – or as it’s officially titled this year: AOL-HuffingtonPost-TechCrunch Disrupt, Part III: Back In Training.

    For me, the highlight of the event is when Heather and Mike take to the stage and announce that they’re selling the company to someone ridiculous (this year my money’s on 4Chan!). For the rest of you, though, I know the… → Read More

    May 23rd, 2011

    GTT Acquires PacketExchange For $20 Million In Cash, Debt

    Global Telecom & Technology (GTT), a global carrier and network integrator, has acquired privately-held UK company PacketExchange in an effort to scale its business internationally. GTT will pay up to $20 million in cash and assumed debt to buy PacketExchange, which serves approximately 500 customers (carriers, ISPs, etc.).

    PacketExchange is said to generate over $20 million in annualized… → Read More

    May 23rd, 2011

    The List Of Startups Launching At TechCrunch Disrupt New York

    We are only a few hours away from kicking off the third TechCrunch Disrupt conference in New York and we are thrilled to announce the 29 startups that were chosen out of nearly 1,000 applicants to pitch ideas and applications over the next few days. We will also hear pitches from the two StartupAlley companies that receive the most votes over the next two days. You can watch the livestream here.→ Read More

    May 23rd, 2011

    Lightbank-Backed Gtrot Wants To Socialize Travel Planning On Facebook

    Gtrot, a service that leverages Facebook to help people make traveling decisions, is announcing a new round of funding from Lightbank. The company is declining to reveal the exact size of the round but says it is under $1 million.

    Founded by Brittany Laughlin and Zachary Smith, Gtrot helps users source travel plans, deals, tips, and recommendations from other friends via their social graph. For… → Read More

    May 23rd, 2011

    Disco, Google's Secret Group Messaging App, Gets Pushy With Version 2.0

    Google seems to be going out of their way not to promote Disco, the group messaging app built by Google’s Slide team. When we first revealed the existence of the iPhone app and website (at disco.com) in March, Google wouldn’t comment on it. A few weeks ago, they released an Android version of the app as well. Was it touted on a Google blog anywhere? Nope. And yesterday brought version 2.0 of the… → Read More

    May 23rd, 2011

    Bleacher Report Hires New Head of Revenue; Traffic Continues to Surge in May

    Bleacher Report– one of the few new entrants in the sports content category to get significant traction against the portal giants– is continuing to build out its management team, announcing an important new hire today. Rich Calacci joins the company as chief revenue officer. Calacci was most recently senior vice president at CBS Interactive in charge of the sports vertical– one of the… → Read More

    May 23rd, 2011

    CrunchGear Week In Review: Hammer Time Edition

    Weekend Giveaway: A REAL FREAKING THOR HAMMER This Is A Piranha Plant USB Keychain For Today’s Stylish Man Samsung Brings Its LED Lighting Line To The US Fake USB Cable? Check. Hilarity? Guaranteed! Superplayers Take Arcade Gaming To New Heights → Read More

    May 23rd, 2011

    TechCrunch Disrupt, Indeed

    TechCrunch Disrupt kicks off in New York City in about 3 hours. So naturally I’m sitting in a bar in Iceland.

    Why? Well, the entire story is kind of long and many parts are probably more appropriate for a Paul Carr book than this post. But the keyword is “Grimsvotn”.

    Yes, it just so happens that a giant volcano under Vatnajokull (Iceland’s largest glacier) decided to give us the biggest eruption… → Read More

    May 23rd, 2011

    Former Netflix CFO Barry McCarthy Joins Eventbrite’s Board Of Directors

    On the heels of raising a whopping $50 million in venture capital, Eventbrite will announce today that former Netflix CFO Barry McCarthy has joined the company’s board of directors.

    McCarthy was Netflix’s chief financial officer for nearly 12 years, from before the DVD rental company went public and during its transition to a hugely popular Internet video streaming service provider. Netflix… → Read More

    May 23rd, 2011

    Tesco's Dunnhumby Buys BzzAgent For $60 million

    Tesco’s wholly owned subsidiary Dunnhumby has acquired Boston based BzzAgent for around $60 million, we’ve confirmed. The companies will announce the acquisition today but is not disclosing the terms of the deal. And no, I didn’t make up any of the words in that first sentence. This is just how companies name themselves today.

    BzzAgent was originally founded way back in 2001, and bootstrapped… → Read More

    May 23rd, 2011

    Software AG Buys Terracotta To Boost In-Memory, Cloud Offerings

    Software AG, a provider of business process management solutions with revenues of €1.1 billion in 2010, has acquired Terracotta, which develops and markets software for application scalability, availability and performance.

    Terms of the acquisition were not disclosed, but I’m told the deal value amounted to “upper-middle double digits” (in millions of euros). Terracotta has raised over $23→ Read More

    May 22nd, 2011

    Groupon Clone That Got Sued By Groupon Raises Funding At $200 Million Valuation

    Australia’s online retailing group CatchOfTheDay, which operates e-commerce site CatchOfTheDay.com.au and daily deal site Scoopon.com.au, has raised an undisclosed amount of funding (presumably around $80 million) valuing the company at $200 million, the company announced this morning.

    The round was secured from New York-based Tiger Global and a group of Australian businessmen, including… → Read More

    May 22nd, 2011

    Hackathon Winner Docracy Is A GitHub For Legal Documents

    One of the winners at today’s TechCrunch Disrupt Hackathon is Docracy, an open source site where users can share and sign legal documents, similar to what GitHub provides for code. The site is the brainchild of mobile app developers Matt Hall and John Watkinson, who are the founders of app development startup Larva Labs.

    Docracy is an online, opensource hub for quality legal documents like… → Read More

    May 22nd, 2011

    Shortform Video Platform VYou Reels In $3M

    Q&A platform for video VYou is announcing today $3 million in Series A funding, lead by RRE Ventures and Highland Capital Partners and followed on by High Peaks Ventures, Broadway Video Ventures, Kevin Wall, David Tish and Rick Web.

    Gunning for a media play, the New York-based VYou recently partnered up with Hearst Newspapers, MTV/VHI, Simon and Shuster and the Newark Peace Summit in order to… → Read More

    May 22nd, 2011

    Another Hackathon Runner-Up Lets You Control Human Chess Pieces Via iPhone

    A 5:45 this morning, a man told another man to walk into traffic blindfolded. Using an iPhone app connected to their service, joysti.cc, Jarod Reyes moved Jon Gottfried through light traffic in what amounted to a real-life game of Frogger. While I often think that we’d be better off if most start-up founders went to play in traffic, I never meant that they had to do it in real life, yet these two… → Read More

    May 22nd, 2011

    Twitter finally gets its guy for London, as super-injunction row rolls on

    Despite becoming embroiled in the UK’s increasingly controversial row about injunctions which gag the press but not Twitter users, Twitter itself is going ahead with plans to open a new office in London.

    Its first UK-based employee is Tony Wang who relocates from San Francisco this weekend, according to his own tweets. → Read More

    May 22nd, 2011

    Dispatch.io, Hackathon Runner-Up, Tames The Cloud

    Three friends, including a 17-year-old high schooler, who met at New Work City, a co-working space, built Dispach.io to solve the problem of disperse information. The product, as it exists currently, is a Chrome extension that allows you to grab Word files and PDFs and automatically place them into Google Docs or Dropbox. Future iterations, probably available in the next month, should support more… → Read More

    May 22nd, 2011

    On Second Thought

    Here’s why I’m glad I was wrong about RSS being dead. The latest evidence of that comes from Jesse Stay who reported a week or so ago that both Facebook and Twitter had discontinued RSS streams or something like that. I really didn’t bother to read up on the details since it’s now years since I gave up on the stuff. These days I obsess about Lady GaGa and whether Brian Wilson’s version of Good… → Read More

    May 22nd, 2011

    Watch The Demos That Pwned The Disrupt Hackathon

    So you think you have what it takes to build a ground breaking app that will change the world? Do you have what it takes to accomplish that in just a little under 24 hours? Starting yesterday, 500 hackers and the like spent 24 hours on Pizza, Pop Chips and Red Bull trying to come up with the next big thing, or at least something that people want. The competition was rough, and the pitch format was… → Read More

    May 22nd, 2011

    (Founder Stories) Fmr. DoubleClick CEO, Kevin Ryan "We Lost 70% Of Our Clients" (TCTV)

    Former DoubleClick CEO, Kevin Ryan led the company through a period of explosive growth in the late ’90′s. He took the ad-targeting company from a handful of employees to more than 2,000 in just 4 years before selling to Google for $3 billion. However, as Ryan discusses in this episode of Founder Stories with Chris Dixon, the dot.com bust threatened to wash it all away.

    Ryan says during the… → Read More

    May 22nd, 2011

    GroupLogic Brings Enterprise-Friendly File Management Platform To The iPad

    Many companies and IT administrators are reluctant to move directly into the public cloud for file sharing and storage. Today, GroupLogic is unveiling a new product, mobilEcho, which attempts to give these companies a secure way for employees to access their files (stored on servers) from the iPad.

    mobilEcho allows enterprise IT organizations to enable and manage mobile file management for their… → Read More

    May 22nd, 2011

    Meet This 14-Year-Old Self Taught Hacker

    In case you missed it, hackers were busy building new ideas and products at TechCrunch Disrupt’s Hackathon in New York last night. Fueled by RedBull, coffee, and massive quantities of junk food, hackers burned the midnight oil last night, preparing to show off their designs to the judges, who included VC Jeff Clavier and Canv.as founder Christopher Poole, and Google VP of Product Bradley… → Read More

    May 22nd, 2011

    Toothless Social Media Reps Update (Pt. 1): The Good Guys!

    A month or so ago, after a particularly irksome stay at the Luxor hotel in Las Vegas, I declared the era of toothless social media reps “over”. How successful that declaration will prove to be, it’s too early to tell – but what is clear is that I was far from the only person to be frustrated by brands not living up to their implicit or explicit social media promises.

    The stories of good and bad… → Read More

    May 22nd, 2011

    Gilt-ii Takes Top Prize At The TechCrunch Disrupt Hackathon

    It’s been a whirlwind twenty-four hours: yesterday, hundreds of talented coders poured into New York City’s Pier 94 for a marathon session of coding that ran through the night. At 9:30 AM this morning, they pushed their last lines of code. And beginning at 10:30 AM, each of them took the stage for a rapid-fire series of quick pitches showcasing what they’d built. Now it’s time to announce the… → Read More

    May 22nd, 2011

    Joinable Gives The Homeless A Foot In The Door With Free Voicemail, E-mail, and Texting

    We’re midway through the TechCrunch Disrupt Hackathon (which, by the way, you should be watching live here), and the range of stuff that the hackers have managed to throw together in a mere 24 hours is astounding. Some are trying to find their big payday — others are going for the cool factor or a quick laugh. Some, however, spent their weekend trying to change the world for the better.

    It’s… → Read More

    May 22nd, 2011

    Hackathon Day Two: The Apps Are In! (TCTV)

    In the early hours of Hackathon day two, bleary-eyed hax0rz roamed the conference hall, checking out each others’ apps. TCTV caught up with a few who were still standing to see how they fared after twenty-four hours, heads down in the code and design… (video) → Read More

    May 22nd, 2011

    Gilt-ii Turns Flash Sales Site Gilt Into An Auction Marketplace

    At the TechCrunch Disrupt Hackathon today, local hackers Bill Magnuson and Jon Hyman presented an e-commerce plugin for flash sales site Gilt.com that is worth a look. Called Gilt-ii, the bookmarklet allows Gilt members to auction their items in their shopping cart during the actual buying process.

    So here’s the basic premise behind Gilt-ii. Everyday at noon ET, Gilt releases daily price cuts on… → Read More