News Byte

Spark Capital Funds Academia.edu to Make Research Social

Academic research operates on an entirely different calendar than the rest of the world, but maybe the pace would be sped up if researchers could more easily follow and share with one another. That’s the premise of Academia.edu, a social network that has three million monthly visitors and gets 3,000 new academic papers per day. It has now raised $4.5 million in funding, led by Bijan Sabet at Spark Capital. Competitors include the Benchmark-funded ResearchGate.

Twitter Shakes Things Up Again: Fred Wilson, Bijan Sabet Leaving Board

Twitter’s is reshaping itself yet again, this time at a corporate level, as two prominent and early investors leave the company’s board at the end of the month. Sources say Twitter won’t fill their seats.
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The Men and No Women of Web 2.0 Boards (BoomTown's Talking to You: Twitter, Facebook, Zynga, Groupon and Foursquare)

Simply put: The five top Web 2.0 superstar companies have no women on their board of directors. As in zero.

Q: Why No Twitter Board Seat for Kleiner's John Doerr? A: His Google Board Seat (Plus, Is the Star VC Looking at Spotify and Groupon Next?)

Star venture capitalist John Doerr of Kleiner Perkins paid $150 million for a stake in Twitter and all he didn’t get was a board seat. That’s due to another directorship he has at search giant Google. Maybe Doerr will get one at Spotify or Groupon, where he could be investing next.

Exclusive: Silicon Valley Go-To Guy Peter Currie Joining Twitter Board

According to sources close to the situation, well-known Silicon Valley power player Peter Currie is joining the board of directors of Twitter. It’s an interesting choice to bring the well-regarded moneyman to the microblogging start-up, and could indicate an intent to push to an IPO eventually. With much hot start-up experience, Currie is also suited to helping Twitter sort through its current funding round.
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Tumblr Falls Into a Really Big Pile of Money

Sequoia leads a giant round that could value the company at more than $140 million. Whatever the final number is, it’s a lot. So it’s either too much for a company that still doesn’t generate real revenue, or a bargain for a company that’s growing like gangbusters. Place your bets!

Why Boxee's Box Doesn't Matter–And Why It Does

Time to clear up what Boxee is trying to do with its Boxee Box: Think Netflix, not Roku.

Tumblr Raises Another $5 Million From Spark and Union Square. Now It Wants Your Money.

Tumblr’s David Karp, seen carpet surfing on the cover of New York Magazine this week, says his hipster blog service is ready to become a real business. Karp’s VC backers seem to believe him.

Some Twits Chirp From Twitter Conference: @Ev, @Biz and More!

Here’s a video BoomTown did yesterday at the Twitter Chirp conference, where a lot of noise was made about a lot of things. Like: Twitter has a Google Android app; Twitter has a link shortener; Twitter does more searches than you think, Twitter has 105.8 million registered users and is adding 300,000 a day; Twitter users write 55 million posts a day; Twitter is being archived at the Library of Congress. Also more blah-blah-blah on geolocation, metadata called Annotations and, of course, @anywhere, which is essentially Facebook Connect for Twitter. And–oh, yes–making money. That.

What Shall BoomTown Ask the Twits–Oops, I Mean Twitter-Loving VCs–at Chirp Today?

Later today at Twitter’s Chirp conference in San Francisco, BoomTown is moderating a panel titled “Investing in the Ecosystem.” Or as I like to call it, “How Do You VCs Come Up With Those Crazy Valuations: Magic 8-Ball? Ouiji Board? Darts?” I have a choice group of dudes–of course, they are all dudes–for the panel, all of whom have invested in a range of start-ups, including Twitter. Presumably, the group will give the audience the 411 on what goes into finding, feeding and nurturing the many start-ups that populate the Twitterverse.