74 posts and columns on Spark Capital
News Bytethe personal motivational mobile app that helps users set and achieve goals for themselves, closed a $2.5 million Series A investment round, the company announced Tuesday. The round was led by Bijan Sabet of Spark Capital, who will join the board of the six-person start-up, reuniting with former Twitter board member and co-founder Evan Williams, whose Obvious Corp. has also invested in the company. Also involved in the round are SV Angel, Adam Ludwin from New York VC firm RRE and, appropriately enough, motivational speakers Tony Robbins, Tim Ferriss and David Allen.
Eye to Eye
News Bytereportedly buying employee stock, and Selvadurai and co-founder Dennis Crowley have previously sold shares in an earlier funding round. Gigaom’s Om Malik reported Selvadurai’s departure earlier.
News ByteNabeel Hyatt, the founder of Zynga’s Boston office, which led the development of Adventure World, has joined Spark Capital as a venture partner. Hyatt joined Zynga a little less than two years ago through the acquisition of Conduit Labs, where he was CEO and founder. Hyatt will help Spark’s investments with product design, and consult on consumer Web, social and mobile projects.