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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. Angels: Focus and pace.

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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. &#. Backstopping is when banks feel they are protected by VC’s investing in the company.

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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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This Week in VC with @VCMike Hirshland of Polaris Ventures

Both Sides of the Table

This lasted from about 2001-2004. Since then Mike his built his career by investing in early-stage companies (seed or series A), which is remarkable given that Polaris Ventures is a $1 billion fund. Simple: according to Mike Polaris has followed on nearly every seed investment that they’ve done. Total raised: $18.3mm.

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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. A NetEase spokesperson declined to comment on the investment in IMVU.

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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. Now, he ‘outsources’ his investments through John Frankel of Frankel Asset Management.