Join hundreds of founders, investors, and hackers at The Alley for an evening of awesome people, groundbreaking startups, and illuminating conversation, celebrating the future of social media and the innovators behind it.
Co-produced with longtime friend and collaborator Michael Gold, Founder & Executive Producer of #techdrinkup, you’re invited to join us at the first and only NYC #sfbeta of the year.
#sfbeta provides a curated group of startups with the opportunity to demo throughout the evening. Startups with a social media focus: apply to demo today.
Thanks to regulatory changes enacted by the JOBS Act, startups, beginning this Monday, September 23, startups may disclose their fundraising information to the public, rather than to accredited investors alone.
The changes were outlined in an email blast recently sent out to founders on AngelList, with the news freshly arriving in people’s inboxes.
President Obama signed the JOBS Act into law on April 5, 2012, after passing Congress with rare bipartisan support. Backed overwhelmingly by Silicon Valley, and supported by entrepreneurs across the country, the law rewrites and eases a number of regulatory requirements that currently burden emerging companies.
In addition to allowing startups to disclose their fundraising information (and ambitions) to the general public, the JOBS Act facilitates a number of changes that will likely prove a boon to a stagnant economy, including:
Increasing from 500 to 2,000 the number of shareholders a company may have before disclosing its common stock to the SEC.
Extend from two years to five years the period of exemption allowed for publicly traded startups to comply with the perfectly titled Section 404 of the Sarbanes-Oxley Act, the costliest and most controversial measure of the regulatory act.
Provide simplified regulatory requirements for fundraising rounds up to $50 million, from a previous limit of $5 million.
Many of these changes have gone into effect already, or, like the public fundraising provision, will take effect soon. Also stipulated in the act is a much-touted measure allowing non-accredited investors to crowdfund companies; however, specific regulations governing this change have repeatedly faced delays.
As reported by Fortune, the influential team behind tech blog AllThingsD — chiefly, Kara Swisher and Walt Mossberg — is severing ties with parent company Dow Jones, owner of the Wall Street Journal, at the end of the year. In addition, Mossberg will cease publishing his column in the newspaper, ending a 20-year tenure at the publication.
One can only speculate about the internal politics that led to the fallout. That said, the announcement leaves the fate of the brand, and the team behind it, in jeopardy, partiularly since Dow Jones will retain the rights to the “AllThingsD” monicker, as Swisher and Mossberg reportedly seek outside capital for what may be a new media venture.
Three predictions on what will happen:
1) Dow Jones will either nominate new leaders from within its organization to run the site, or, more likely, will bring in a well-known outside duo from the blogosphere to take over. It’s difficult to imagine a more coveted position for a tech journalist, but at the same time, when one considers the deep associations between the brand and the two leaders behind it, it’s unclear whether such a strategy would work.
2) Swisher and Mossberg will launch a new tech-focused media site. While traditional, “dead tree” journalism continues to stagnate (as John Oliver quips, citing the recent acquisition of the Washington Post by Jeff Bezos during a widespread decline in print circulation, “there are more people buying newspapers than there are people buying newspapers.”), digital media focused on technology, has a proven history of receiving institutional backing — PandoDaily, TechCrunch, GigaOM, and BostInno, among others, stand among the funded.
3) Other tech writers follow suit. A number of the best tech journalists still work for traditional media outlets — Alexis Madrigal of The Atlantic, for instance — but this needn’t be the case. If the team behind AllThingsD can successfully spin out of their parent company, I wouldn’t be surprised if they started a trend.
For additional coverage, see Matthew Ingram’s coverage on GigaOM.
The Revolution Will Be Wearable
In anticipation of the largest wearable computing conference since Google I/O, we invited Kyle Ellicot, co-founder of Stained Glass ...
Evocative of the famous Microsoft team photo. (After all: developers!)
With a team of 22 people, a zippy new brand, and shiny new headquarters, flourishing San Francisco startup DeveloperAuctions is now Hired, and co-founders Matt Mickiewicz, Allan Grant, and Douglas Feirstein have plenty of reasons to pop the champaigne corks, which reportedly flowed as of 10 AM on a recent September morning.
With over 500+ approved employers, and over half a billion dollars in job offers extended through their platform, Hired represents Software Engineers, UX/UI Designers, Product Managers, and Data Scientists alike, with the goal of “innovating the status quo by making the hiring experience as seamless and efficient as possible.”
Along with the new name comes a brand new look, along with an expansion to five major markets: San Francisco, Seattle, Boston, LA, and NYC.
Earlier this year, Hired announced its $2.7 million Series A round from a consortium of leading VCs, including SoftTech, Google Ventures, and New Enterprise Associates.
#sfbeta endorses the the Boycott of Coca-Cola and calls on other startups to do the same.
Coca-Cola is a signature sponsor of the 2014 Olympic Games, which have come under intense scrutiny due the fierce anti-gay legislation recently enacted in host country Russia.
The anti-gay law has unleashed a series of violent actions against the country’s LGBT community, with police often joining homophobic aggressors in contributing to, rather than curtailing, hate-inspired violence.
“It’s a scary place for LGBT people in Russia right now.”
Despite the public outcry against the law, which Brian Burke, former Toronto Maple Leaves General Manager, has called “repugnant,” Coca-Cola refuses to withdraw their sponsorship of the games, and remains silent on the controversial law itself.
Reactions against Coca-Cola have been fierce and swift, driven largely by the LGBT and allied communities. A Facebook page called Boycott 2014 Olympic Games in Russia has attracted 55,000 likes, whose frequent posts attracted the attention of television pundit Keith Olbermann:
On August 29, demonstrators gathered in Times Square, crushing Coca-Cola cans and pouring the sugary drink conspicuously down city drains. Journalist Craig Takeuchi reports, via the slightly-ironically-titled Straight.com,
Queer Nation NY and RUSA LGBT staged a demonstration in Times Square on August 29 to protest Coca Cola’s sponsorship of the 2014 Winter Olympics in Sochi, Russia.
The activist organizations stated in a news release that they are demanding that the company withdraw its sponsorship.
“By sponsoring the 2014 Winter Games in Sochi, Coca-Cola is associating its brands with state-sanctioned gay-bashing,” Queer Nation cofounder Alan Klein stated. “Coca-Cola is sacrificing the safety and security of Russian LGBT people for profit—a position that opposes fundamental Olympic principles, runs counter to the International Olympic Committee charter, and that will tarnish its global image for decades to come.”
Klein also noted that Coca-Cola also sponsored the Olympics in Nazi Germany in 1936.
Crisp, clear, repressing.
Homophobia has no place in a just and civil society, and #sfbeta condemns the individuals who practice it, and corporations that condone it.