Jason Del Rey

Recent Posts by Jason Del Rey

Wireless Beacon Startup Estimote Lands $3.1 Million, Hires GroupMe Vet Steve Cheney

Estimote, a Y Combinator graduate that makes wireless sensors — or beacons — that can be used to transmit information to nearby smartphones in environments such as retail shops, has snagged a $3.1 million seed round from a long list of venture firms and angel investors, including Eric Schmidt’s Innovation Endeavors, Betaworks and Bessemer Venture Partners. The company is also announcing the hire of former GroupMe business-development boss Steve Cheney, who will open Estimote’s New York City office and run business operations.


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There was a worry before I started this that I was going to burn every bridge I had. But I realize now that there are some bridges that are worth burning.

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