- Tumblr’s founder and CEO David Karp anted up and scored $4.5 million in funding from Union Squares Ventures. Tumblr is like a blog for hipster kids on Los Feliz to talk about their lives if they weren’t at hipster parties. Thus far the Tumblr virus has only been contained within New York City and San Francisco, but an global outbreak is highly likely.
- Accel Partners has announced they raised $1 billion to make sure they survive the current recession. Half of the money will be used for their European arms to for early stage startups while the rest goes to their San Francisco branch as a “growth” fund for late stage ventures. Accel is mostly noted for having invested early on in Facebook when they were still TheFacebook, but it sounds like they won’t be able to hand over the money to Mark Zuckerberg anytime soon.
- Newsweek is slashing staff, slashing pages, slashing editorial neutrality, and most importantly of all slashing subscribers. Their new long term strategy is to purposely write about controversial subjects in an effort to inflame and trick people in caring about what they have to say. Like 15 year old kids leaving comments on YouTube.
- MySpace released a tool bar for your web browser to make your MySpace experience more extreme. Surprisingly, it’s not called Tila Tequila.
(Banner photo by Christopher Chan)
