Liz Gannes

Recent Posts by Liz Gannes

API Marketplace Mashape Raises Funding

Mashape, an up-and-coming marketplace for APIs, has raised $1.5 million in seed funding — which seems like a pretty small amount given the investors it came from: NEA, Index Ventures, Charles River Ventures, Ignition Partners, Jeff Bezos and Eric Schmidt’s Innovation Endeavors, among others.

The San Francisco-based company, which originated in Italy, helps Web services connect with each other — so for instance the creators of a new social site wouldn’t have to build their own image resizer, and the maker of an image resizer tool would have less trouble getting it distributed.

Mashape has nearly 200 APIs on its platform so far, including and Rapleaf. No big API companies — like, say, a Twitter — have signed on, but CEO Aghi Marietti said he hoped to graduate up to larger players like the code-sharing site GitHub has.

Mashape plans to make money by taking a cut of any fee its users charge for their APIs, and will help them with things like billing systems.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work