(Above: Hipstamatic CEO Lucas Buick and CTO Ryan Dorshorst)
Fast Company’s Austin Carr brings us the first installment of a three-part series: "Hipstamatic was one of the first startups to crack the photo formula in the mobile space—then it watched similar services gain ground and eventually blaze by. The company’s experience proves that no startup can rest on its laurels in the age of the iPhone, when the time between innovation and disruption is ever shortening, and when IPOs and fast exits are valued over establishing long-term viable businesses. And perhaps most significantly, Hipstamatic proves that no modern startup can ignore the siren call of social, even if at its own peril.”
In recent years, an increasing number of startups and big-name companies have looked to celebrity backers to boost their brands and street cred. Here, four questions to ask your celebrity investor before taking the plunge.
They’re hot now but do mash-up apps have a future? We talk with Brandon Leonardo, cofounder of the Pinterest/ Instagram combo Pinstagram, to find out. We also pitch him a few of our ideas, including “Shazump,” “Spotifurious,” and “Angry Fruit Ninjas.” Let the investment cash flow!
Meet The League Of Extraordinary Women: 60 Influencers Who Are Changing The World
The previously untold story of how an unprecedented network of high-achieving women from the world’s largest companies, innovative startups, philanthropic organizations, government, and the arts combined forces to change the lives of girls and women everywhere.
“I had a CEO who had offered this new engineer three-quarters of a percent of the company, but he wanted more. He was screwed over at his last startup. And the CEO didn’t know what to do. I asked, ‘What’d you give other guys at his level?’ Three-quarters. So that’s what he should tell him: ‘You’re not going to get screwed because nobody’s talking me into paying more.’ The CEO came back and said, ‘Done deal.’ The engineer didn’t want 1%. He was asking for fair. If you’ve been a CEO, you know. If not, you have to learn the hard way. We make some of the hard way the easy way.”
Ben Horowitz, Cofounder, Andreessen Horowitz, one of the hottest VC firms in the Valley—raising $2.7 billion in its first three years and helping companies such as Bump, Facebook, Foursquare, Groupon, Pinterest, Twitter, and Zynga.
How did a startup, that’s barely a year old, that only has 1,400 customers, and whose founder is a first-timer become in a mere 12 months a company that the experienced hands at Andreessen Horowitz not only believe is going to be a game changer, but will be a leader in its class?
Foursquare has entered the mostly uneventful period between takeoff and landing. And one of its earliest employees, Tristan Walker, has left the comfort of its cruising altitude in search of the next rocket ride.
Before Twitter became a microblogging sensation it was a podcasting business. YouTube’s founders were convinced they’d hit the jackpot with a video-dating site. PayPal’s original mission was to beam IOUs from Palm Pilot to Palm Pilot. Flickr grew out of a massive multiplayer online game as a way for players to drop photos into text messages. Groupon emerged from a community promoting political action while online flash retailer Fab.com came out of a failed gay social network called Fabulis. Instagram’s founders created a check-in technology called Blurbn before settling on photos. Pandora was a B2B music recommendation service. Yelp transitioned from email recommendations from friends to a local search and user review web site.
Our new series examines the “do-overs” of today’s most successful startups. Read more->
Luis Duarte wants to make sure Mexico is clean and liveable for his young son. That’s why he started YoReciclo (Spanish for “I recycle”). The country has a paltry recycling rate of just 3.3%, and his company is designed to change that by educating people about the importance of recycling and then collect, sort, and clean the waste (which they then sell).
We’re introducing new video series on our sister site Co.Exist! The Unreasonables follows 25 entrepreneurs from around the globe as they tackle world-changing projects and the biggest challenges of their lives. Enjoy the trailer. More on the series here.
Venture capitalists, corporations, private-equity firms, and more poured billions into private companies this year—a huge boon for titans like Facebook and Groupon. Here, the best of the rest starting 2012 with supersize bankrolls.