Yahoo Buys Tumblr and Promises “Not to Screw It Up”
All Things D broke the news that Yahoo bought Tumblr for $1.1 billion this morning.
Tumblr CEO David Karp wrote in his memo that “Yahoo is the original Internet company, and Marissa and her team share our dream to make the Internet the ultimate creative canvas.” Click here to read Karp’s full memo and Yahoo’s announcement on All Things D.
We look forward to seeing what this partnership does for both companies!
(via Yahoo Buys Tumblr and Promises “Not to Screw It Up” - Peter Kafka - Media - AllThingsD - Image source)
With this news, you’d think Bobby Valentine is now managing New England’s tech scene:
New York’s share of venture capital dollars has doubled over the last ten years while its rival, Silicon Valley, has grown at a much slower pace and New England has sputtered, a new study from the Center for an Urban Future shows.
Between the first quarter of 2003 to the first quarter of this year, the New York area’s share of VC investments surged to 11.4% from 5.3%.
Silicon Valley’s share rose to 31.7% from 28.6% over the same period while New England’s share fell to 10.2% from 14.8%.
Read more in NY Daily News. Go #NYCTech!
Chart: Center for an Urban Future report
Great news for NYC tech entrepreneurs! NYC is the clear leader for where tech start ups need to be on the East Coast to get VC funding.
Click here to embiggen (see full infographic)
Do you know what makes a winning pitch deck? Use this infographic to learn the 12 most vital components and best practices when creating a sales deck to get the funding your company needs.
(Via InvestorPitches.com)
Venture Capital in New York, Q1 2013
By Andrea Moore, Project Manager, Economic Research & Analysis
Last week, the National Venture Capital Association (NVCA) and PricewaterhouseCoopers released their most recent quarterly MoneyTree report, which provides information on U.S. venture capital deals and investment dollars. StatsBee wanted to take a quick look and assess how New York State did during the first quarter of 2013.
New York posted another solid quarter of venture capital investment, especially from a year-over-year perspective. Deals are up 22.5% since Q1 2012, and investment dollars posted a 71.7% increase over the weak Q1 2012. Compared to the last quarter of 2012, which was very strong, both deals and dollars fell slightly in New York. Deals fell 9.4% from 96 to 87, corresponding to a 17.3% decrease in investment dollars. However, the first quarter has been soft in recent years, so these results augur well for 2013.
For ongoing and in-depth analysis of venture capital investments and the tech sector in New York City, don’t miss the inaugural edition of NYCEDC’s new publication on Technology and Venture Funding, coming soon.
Click here to embiggen (see full infographic)
A majority of the world’s billionaires are self-made. This infographic visualizes where a handful of them started and how much sweat they put into making their billions.
(Via Founders and Funders)
So, how does one get an investment for an idea that seems obvious? Very simple: Understand what angel investors and VCs are looking for and give it to them. Investors have pattern recognition, and they are driven by four Fs: fortune, fame, fear and fun.
- Jason Calacanis, Founder of Mahalo.com
Warren Buffett Gives Financial Advice To 10-Year-Olds!
In Warren Buffett’s new animated television show, Secret Millionaires Club, an illustrated version of himself gives sage financial and business advice to teens - but we think these wise words are applicable to all ages of entrepreneurs and CEO’s in the business world.
5 Ways to Make Money and Do Good
Social entrepreneurship is a hot topic these days - but can you really make money while doing good?
Here are Co.Exist’s five models as proof that you can be both profitable and charitable:
1. The Moonlighter
2. The Starter Up’er
3. The Service Provider
4. The Serial Contractor
5. The Insider
Which one are you? Read more here.
(via 5 Ways To Make Money And Do Good | Co.Exist: World changing ideas and innovation)