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How the New York City innovation community can still lose (and what you can do about it)

This is going to be BIG.

I remember hearing that a New York City venture fund was raising money in 2004 and almost skipping the meeting, because New York wasn’t a viable place to deploy that much capital—it was a small blip in the past. From an infrastructure perspective, we’re a lot better off than we were before.

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This Week in VC – Scott Painter, CEO of Zag & TrueCar

Both Sides of the Table

-Money to be used for hiring and additional product development. A social analytics platform for Facebook app developers and publishers that provides detailed demographic and engagement data. Company plans to use the capital to build out sales and marketing and r&d. -a Based in Palo Alto and founded in 2004 by PayPal alumni.

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Master of Customer Acquisition, Matt Coffin, On Startups …

Both Sides of the Table

What better than to have capital from somebody who has actually done it in the trenches? Matt’s commitment to re-investing in tech startups is reminiscent to this great Fred Wilson post of “recycling capital. &#. Selling LowerMyBills: o In 2004 he was getting a lot of call to take more money but was not interested.

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This Week in VC with @VCMike Hirshland of Polaris Ventures

Both Sides of the Table

This lasted from about 2001-2004. And Mike believes that entrepreneurs often need less capital to get started these days. Developer and publisher of social mobile games. Current round: $8.5mm Series-C led by Jafco Ventures with DCM , Emergence Capital, and August Capital participating. Total raised: $18.3mm.

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Social Networking (the Shorter Version) Past, Present, Future

Both Sides of the Table

Facebook had grown stratospherically from 2004-2007 to 100 million users and was everything that MySpace wasn’t. It launched open API’s and created a platform whereby third-party developers could come build any app they wanted and Facebook didn’t even want (yet) to take any money from them to do so.

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The Guy Who Took on Google (and now LinkedIn): Mike Yavonditte

Both Sides of the Table

Mike Yavonditte is the founder of the “super hot&# Hashable , a startup out of NYC that has been described as a “ Mint.com for Social Capital ” Mike sold his previous company, Quigo , to Aol for $340 Million. After AltaVista, Mike spent a year doing business development for USA Networks ( now IAC – Interactive Corp ).

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Virtual social network IMVU raises $35M from China’s NetEase and others

TechCrunch

Menlo Park-based Structural Capital among other institutions that also joined in the strategic round totaling $35 million. IMVU has raised more than $77 million from five rounds since it was co-founded by “The Lean Startup” author Eric Ries back in 2004. The company declined to disclose its post-money valuation.