ie8 fix

Startups

Dear startups: Don't treat money like toilet paper

Having lots of money isn't a reason to spend it, especially if you're a startup that has yet to prove itself as a viable, sustainable business.

There have been a lot of early-stage startups raising monster rounds in recent months. Ark ($4.2 million seed), Viddy ($30 million), and Gumroad ($7 million) are just a few prominent examples.

The funding party may be over though, at least according to Paul Graham, a prominent investor and founder of Y Combinator.

"Jessica and I had dinner recently with a prominent investor," Graham said in a letter to Y … Read more

Smarterer pulls in $1.75M for job skills testing

Is the resume D.O.A.?

Boston-based startup Smarterer thinks so. The company has raised $1.75 million from True Ventures, Google Ventures, and a handful of angel investors for its job-search-meets-gamification platform.

Sure, its name doesn't quite roll off the tongue as nicely as it should, but the approach of the company is that there must be, in this age of the creative economy, a better way to evaluate job candidates besides where they've been and how long they were there.

The answer: a series of brief online multiple-choice tests on a certain topic, as chosen by … Read more

How Airtime could end up filling Facebook's coffers

When Sean Parker and Shawn Fanning launched their latest startup this morning -- a social video chat service called Airtime -- you can bet that one person hoping for its success was Parker's longtime pal and onetime business partner, Mark Zuckerberg.

Zuckerberg wasn't on hand at the celeb-filled launch in New York City -- though Zuck was spotted on Airtime later in the day -- and this wasn't a Facebook event by any means. But the pitch by Parker, who was Facebook's founding president and still owns a chunk of the newly public company, at times … Read more

Hands-on: Airtime won me over

I was prepared to hate Airtime, the new video chat service that connects you to both friends and strangers. The last thing I need in my life is random, time-consuming video chats with distant friends of friends. And for connecting with people I already know, I have instant messaging, Skype, and the phone.

But the moment I fired up Airtime for the first time, an old friend called me and blew me a kiss. Made my morning. Then, a few minutes later, when I pressed the random "Talk to Someone" button , I got connected to Lee Jacobs of … Read more

Facebook's IPO will hurt startups, warns Y Combinator founder

One of the most prominent people in Silicon Valley's startup world is warning that Facebook's disastrous IPO performance will lead to hard times for startups.

Paul Graham, the co-founder of the first and most influential startup incubator anywhere, sent an e-mail to his portfolio companies warning them that Facebook has made it a lot harder to raise money. Graham wrote that "the startups that really get hosed are going to be the ones that have easy money built into the structure of their company: the ones that raise a lot on easy terms, and are then led … Read more

Amazing Media: Poised to lead the next British music invasion

CEOs of digital music startups often strive for diplomacy when it comes to talking about the major powers that control most of the world's music. Not Paul Campbell.

"Simon Cowell is Satan, and the major labels have become antique dealers," says Campbell, a 53-year-old former BBC TV and radio producer turned entrepreneur. "We don't touch the labels and never shall. The key is to cut yourself free from the labels."

Which is exactly what Campbell has done with his company, Amazing Media, and it's why he's having such success.

Unless you're … Read more

How to cope with the emotional stress of a startup

Imagine experiencing the pain, sorrow, and misery of a breakup. Now imagine winning the lottery the next week. That's the kind of emotional roller coaster a new startup founder can expect.

"The emotional ups and downs were the biggest surprise for me," a founder of a Y Combinator-funded startup says in one of Paul Graham's essays. (Graham is a co-founder of Y Combinator.) "One day, we'd think of ourselves as the next Google and dream of buying islands; the next, we'd be pondering how to let our loved ones know of our utter … Read more

How Facebook's Zucked-up IPO just killed the tech bubble

You didn't really want to start partying again like it was 1999, did you? Good thing, too. Because you aren't going to get the chance -- not just yet, at least.

Before last Friday, many thought that Facebook's much-hyped IPO might trigger a reprise of the Internet mania unleashed by Netscape's 1995 public offering, when "companies" -- some with little more than a dot-com suffix and marketing spiel -- were able to lure investors en masse.

And just as in the run-up to the great tech bust, some saw history repeating itself, what with … Read more

Meet the tireless entrepreneur who squatted at AOL

It was 6 a.m. when Eric Simons was jolted awake by the yelling.

After working until 4 a.m, the 19-year-old entrepreneur had finally passed out. A few hours of sleep would help with the day ahead.

But unlike most people working at AOL's Palo Alto, Calif., campus who were surely still hours from showing up at the sprawling complex, Simons was already there. He'd been living there for two months, hiding out at night on couches, eating the company's food, and exercising and showering in its gym. And now, with an angry security guard bellowing … Read more

After more than 30 years, Grid Beam modular construction system comes to market

This year at the San Francisco Bay Area Maker Faire, trying to juggle my own interests (talk to cool people) and my 5-year-old son's (build or break stuff), we both hit paydirt at the same time when we stumbled across the Grid Beam exhibit.

My kid spent 45 minutes in the hot sun inventing and screwing together a life-size car-like contraption, and I got to dive into the minutiae of the product with its creators, Phil and Richard Jergenson.

Grid Beam is Erector Set meets IKEA. The hardware is standard 2x2 wood beams with holes drilled through every 1 1/2 inches (which is the actual width of a 2x2 beam), and standard furniture bolts that will be familiar to anyone who's ever assembled a futon frame.… Read more