Hello, Brooklyn! You’ve Got Your Very Own VC Fund.

Charlie O’Donnell leaves First Round Capital and sets up shop across the bridge. (Don’t worry, he’ll stray out of King’s County, too.)
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Reminder: It’s Really Easy to Pirate TV. Even Live Sports.

Today’s reminder, courtesy of the NBA, the cable guys and Union Square’s Fred Wilson.
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Reid Hoffman and Matt Cohler Team Up to Give Edmodo $15M

Edmodo, which helps K-12 teachers and schools create private social networks for their classrooms, has raised $15 million.
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News Byte

Twilio Nabs $17 Million More in Funding From Current Investors

Twilio, whose technology lets developers build telephony and messaging into their apps, announced Wednesday that it has raised $17 million from Bessemer Venture Partners and Union Square Ventures — two of its existing investors. The San Francisco-based company, which has around 100 employees, plans to use the money to help fuel continued hiring and international expansion.

Zynga’s Valuation Withers 30 Percent Since February

Zynga’s initial public offering remains on track to raise $1 billion, but the social games company may not be worth as much as it was hoping for.
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Roadshow: CEO Pincus Not Selling Shares in Upcoming Zynga IPO

While he has recently been portrayed as Mr. Potter of Silicon Valley, it looks like the online gaming leader will not get greedy in the IPO.
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The State of Social Sharing With Fred Wilson, Roger McNamee and More (Video)

Here’s a panel I did last week at the Privacy Identity Innovation conference that took place on Sand Hill Road in Silicon Valley, called “Social Sharing and the Data-Driven Economy.”
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SoundCloud Lands on the iPad, Waits for Other Music Services to Join It There

SoundCloud, the buzzy music-sharing service/utility, has arrived on the iPad, via a new free app. But other music services haven’t found much use for the tablet so far.
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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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Why Betaworks Broke Up the Band

Andy Weissman jumps from the incubator/holding company to become a full-time investor at Union Square Ventures. That wasn’t the plan a few months ago.
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