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All Things Digital Co-Executive Editor Kara Swisher told Jason and the
crowd at WeWork exactly what she thought of the state of tech
journalism, turning 50, gay marriage and Marissa Mayer’s performance
so far (see the ‘jazz hands’ video). She also revealed that her
contract with Dow Jones is up in December (no discussions so far) and
that she wanted to be a CIA agent when she was younger.
Follow on Twitter:
Special thanks to the members of the TWiST Backchannel Program!
The last thing Gino Zahnd and his co-founder John Bragg wanted to do was take investor money for Cozy, a startup that makes it easy for landlords to collect rent and screen applicants. After all, they’d bootstrapped their very successful UX consultancy. But after extensive market research, they realized they were building a financial service and needed money to build a rock-solid product.
They then asked themselves, “Who are the investors who are going to help us the most and we can feel are a core part of team Cozy?”
Their first step was to hook up with Paul Bragiel of the accelerator i/o ventures. They didn’t need design or engineering mentorship: they wanted fundraising help. Through Paul and the accelerator program, they met Kevin Rose.
And how did they impress Kevin? “We opened up our laptop and said, ‘Here’s the problem we’re solving, here’s the market opportunity. We’ve done all this research, and we’ve got these 12 people who we’ve worked hand in hand with to build this piece of the product, and here’s where we’re headed,” Gino recalled during our interview for “This Week in Startups.”
Read the whole post on LinkedIn.
Watch the interview:
Gino Zahnd, CEO & Co-Founder of Cozy
I’m thrilled to announce that I’ve started a co-working space here in Los Angeles. Being an entrepreneur is sometimes lonely work, and having a bunch of founders around you makes it a lot easier.
We’re calling it LAUNCH co-work, and it’s a 10,000+ square-foot, 30-foot ceiling space in Culver City with room for a dozen startups.
We’re looking for awesome collaborators to learn, share and generally change the world with. I might angel invest in some of the startups, have them on “This Week in Startups” or just talk shop in the kitchen.
Rent starts at $50 a desk/month (unfunded) and tops out at $350 (funded).
We’re not making a profit, we’re making a community!
We’re accepting applications: http://festival.launch.co/cowork/apply.html
PS – The LAUNCH Education & Kids conference on June 26 & 27 is now sold out. We’ve started a waiting list here: http://launchedu.co/waitinglist.html.
PPS – The awesome fireside chat with David Sacks of Yammer fame from the LAUNCH Festival is now up: http://youtu.be/Jm4gepoa7hk
Lynda.com co-founder Lynda Weinman will join me for a fireside chat at LAUNCH Education & Kids on June 27 at 9am! The company uses online video to teach technology, design & business skills and has 2.5M members, nearly 100k videos across almost 2k courses.
We’ve sold out of tickets for this event, but we have a few exhibitor tables left. Use this code (20OFF523) for 25% off!
Yahoo is going to buy Tumblr for $1B on Monday according to reports.
I will explain to you why the media is freaking out, why big companies need to make more bets like this, why Yahoo is the perfect home and why Zuckerberg should offer $2B.
Media… Freak Out!
Over 20 years in the industry I’ve learned that when something gets bought for $1B or more, people tend to freak out.
People can comprehend millions of dollars, because we all know folks who have a million or more dollars (or homes worth that). When you start talking about 100s or 1,000s of millions, people get emotional and some start lashing out.
Journalists are one of the first groups to lash out. Why? Because they have no chance of making big money in their jobs, and they have to fight for $5k raises while their pensions are replaced with 401ks. Also, they tend to have covered startups like Tumblr from year one and they can’t reconcile how something that didn’t exist five years ago is now worth $1B — and that they don’t have to balls to create something.
F@#4k it, Yahoo Should Buy 10 Tumblrs
Here’s the truth: a billion dollars is nothing to a company like Yahoo or Google or Facebook or Apple or Microsoft.
If there were 10 startups like Tumblr, with 100M+ users and $50M-$100M in revenue potential a year, it would actually make sense for Google, Yahoo or Facebook to buy all 10.
Roll the dice.
Because those companies have tens to hundreds of billions of dollars in market cap and cash, and if one in 10 of those startups turn into YouTube, it’s worth it.
Read the complete editorial on LinkedIn here.
Sign up for jason’s email list at http://jasonnation.com/
Quick updates on the LAUNCH Festival can be found here: http://festival.launch.co/
The bigger points:
1. 5,000 folks coming, 2,000 seats in the main room = largest conference in tech!!!
2. Scholarships available for founders, builder, developers and designers.
3. Live crowdfunding for the first time in history!
4. First round of judges… so blessed to get this level of support.
5. Our first Hackathon has $50k in prizes — the most ever!
Thanks to my amazing group of partners including The Social+Capital Partnership, Bing, MailChimp, WSGR, Sequoia Capital, Google, CRV, Zelkova, Yammer, Media Camp, DFJ, DYN, Treehouse, Silicon Valley Bank, Media Temple, NewAer, Tokbox, FilePicker, Plantronics, Docstoc.
I’m going to play day 1C (Monday) of the World Series of Poker Main Event. If you’re interested in buying “equity” in me I’m selling straight equity (1% = $100), with 10% of any winnings coming off the top for charity.
So if you bought 1% for $100, and I won $1M you would get $10k – 10% for charity…. so $9k.
If you’re interested email email@example.com. I’ll be doing updates from http://www.twitter.com/jason
Two months ago I wrote a piece calle The Age of Excellence over at LAUNCH.co (the website/blog associated with the LAUNCH Festival/TechCrunch50 conference I’ve been running for the past five years or so).
If you haven’t read it you can do so here:
I’m working on two follow up pieces:
- Enforcing Excellence (or ‘Techniques for Reaching Excellence’)
- The Age of Efficacy
If you have any thoughts on this go ahead and email me jason AT calacanis.com