Mike Isaac

Recent Posts by Mike Isaac

Payments Startup Balanced Raises $2 Million

Balanced, a startup that focuses on bringing payments systems to network-based companies like Airbnb and Kickstarter, announced Tuesday that it raised $2 million in venture capital. Andreessen Horowitz participated in the round, along with CollabFund and a number of current and former Facebook employees. The ten-person startup had already raised $1.4 million in funds from Ashton Kutcher, Airbnb CEO Brian Chesky and Reddit CEO Yishan Wong, among others.


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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