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Launched recently, Keynoir is a new take on the group buying concept, which showcases one offer at a time on high quality restaurants, spas, hotels, and other experiences around London. It has secured a first round of funding worth £1.3m from Index Ventures and PROfounders Capital.
I've been talking to co-founder Glen Drury, previously CEO of Kelkoo, about the concept.If you run a startup and fancy a Start Me Up profile then please throw your hat in the ring by emailing email@example.com.
While browsing through my RSS reader earlier, I came across an interesting post on PaidContent: a Facebook app called Second Porch raised $1m in funding from an angel fund.
I immediately scratched my head and asked myself: do most entrepreneurs behind individual Facebook apps like Second Porch really need to raise funding for their app businesses? It's a question that I think is increasingly important as more and more entrepreneurs launch their ideas on Facebook, not as standalone websites.
Are you an entrepreneur looking for a new home? Have you always dreamed of living and starting a business in the United States? If so, Uncle Sam wants you.
Yesterday, two U.S. senators introduced a bill that would offer visas to entrepreneurs who start companies in the country. According to the announcement, "The StartUp Visa Act of 2010 will allow an immigrant entrepreneur to receive a two year visa if he or she can show that a qualified U.S. investor is willing to dedicate a significant sum – a minimum of $250,000 – to the immigrant’s startup venture."
I’ve seen it time and time again: the argument that the internet is a meritocracy - a system in which the most talented and able are rewarded. This argument is especially popular in the world of startups, where we're told that the best and brightest rise to the top.
I recently read an article in Forbes, The Fable Of Market Meritocracy, which addresses the concept of meritocracies in markets generally. It got me thinking about the internet, and whether or not the internet really is a meritocracy.
What happens when you start a group on Facebook and two weeks later,
you have over 180,000 members? If you're 21 year-old Tiffany Philippou,
the creator of the hit Facebook group Secret London, you do the
entrepreneurial thing: try to parlay your Facebook popularity into a
bona fide startup.
After a 48-hour crowdsourcing marathon during which more money was spent on food and liquor than on design and development, Secret London was reinvented and launched as a standalone online community.
Malcolm Gladwell has a knack for distilling interesting observations and drawing bold conclusions.
He's at it again in a fresh New Yorker piece. In it, Gladwell argues that successful entrepreneurs aren't really the prolific risk-takers they're made out to be. What are they? They're predators who pinpoint opportunity and swoop in just when the time is right.
In response to Jason Calacanis’ war on individuals and organizations who charge entrepreneurs money to pitch their startups to investors, I made the point that the biggest scam perpetrated on entrepreneurs is the promotion of the idea that raising money from professional investors is something entrepreneurs should do if they want to be successful.
The truth of the matter is that angels and VCs are great, if you’re a member of the ‘startup establishment’, as Calacanis is.
Jason Calacanis has declared war on organizations that charge entrepreneurs to pitch investors on their startups. With "boiling blood", he used a post on his blog this weekend to shame these organizations and to threaten them with extinction.
Singled out: a number of groups, including the well-known Keiretsu Forum. All of which charge entrepreneurs fees to present their businesses to "rich angel investors" who Calacanis believes are exploiting "poor" entrepreneurs.
If TechCrunch's Sarah Lacy is to be believed, Silicon Valley has lost its way. There was once a golden era of innovation in which every startup sought to change the world (and make billions of dollars in the process).
So to get Silicon Valley back on track, Lacy is sending a message to startups: "you're supposed to be changing the world, remember?"
For most of us, failure is something to be avoided. After all, who really likes attempting to accomplish something and not succeeding?
But there's an inconvenient truth: failure is underrated. In many cases, it's a prerequisite for success and those who embrace it and learn from it have a strategic advantage over those who won't and can't.
When you visualize the quintessential startup, you probably see intelligent and optimistic people working together to solve big challenges. After all, a group of individuals usually has to be somewhat smart to get a new business off the ground and the group probably has to be relatively optimistic to find the motivation to face big challenges and succeed.
But forget what you think you know about the characteristics it takes to succeed. They just might not be accurate.
PROfoundersCapital is a venture capital fund established for entrepreneurs in the digital media space, and backed by investors including Brent Hoberman and Michael Birch.
I've been talking to General Partner Rogan Angelini-Hurll about the aims of the fund, and what he will be looking for in entrepreneurs seeking investment...