CoInvent Newsletter (03/30/15)

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Video apps such as YouNow, Periscope, and Meerkat have been getting tons of press lately. Partly, it has something to do with Twitter’s recent acquisition of Periscope, a barely-launched live streaming app. Video has always been interesting to me because it’s an essential part of modern media — YouTube, Netflix, Vine, etc. That’s why we invited Adi Sideman — YouNow CEO — to talk about content/video at April 22nd’s CoInvent Media Summit. Here are a few latest write-ups about YouNow that you might have missed:

  • Feature Friday: Archives of Live Broadcasts — link
  • The live-streaming app where amateurs get paid to chat, eat, and sleep on camera — link
  • The World In ‘Scope — link

Meanwhile, check out these new speakers just announced to appear at the conference — Laurel Touby, Angel Investor & former ceo of Mediabistro, David Gandler
Co-Founder & CEO @ fuboTV, Michael Sebastian @ Advertising Age, Anthony Ha @ TechCrunch, Lyndsey McFail @ NBCUniversal, Kevin Dando @ Public Broadcasting Service (PBS)
, and more. Check out conference agenda @

Our LA and SF Startup Happy Hour events will take place later this week. It never ceases to amaze me to see the number of innovative startups and founders at these startup gatherings. See you later this week in Cali. Here are some last-minute tickets for LA (April 1) and SF (April 2).


General Assembly, one of CoInvent’s partners, has launched a Accelerator Prep Program along with 500 Startups. This intensive four — week program was developed exclusively by GA and 500 for alumni of General Assembly. The program combines Silicon Valley mentorship, resources, and capital to help prepare companies to get accepted into a top-ranked accelerator program. Successful applicants will receive $8,000 in cash and a $2,000 tuition waiver from 500 Startups in exchange for a 2% equity stake. For more info and to apply, visit

Top Industry News

Ellen Pao loses on all claims in historic gender discrimination lawsuit against Kleiner Perkins

  • Ellen Pao loses high-profile gender discrimination suit against Kleiner Perkins — link
  • After Loss, Pao Hopes Case Helped Level the Playing Field — link
  • Ellen Pao Loses All Four Counts Of Discrimination Case Against Kleiner Perkins — link
  • What Silicon Valley Learned From the Kleiner Perkins Case — link
  • Ellen Pao’s Statement On Losing The Kleiner Perkins Case: “The Battle Was Worth It” — link
  • Ellen Pao Disrupts How Silicon Valley Does Business — link

Last Wednesday, The SEC approved game-changing final rules in the implementation of Title IV of the JOBS Act, known as “Regulation A+,” which will allow small businesses and startups to raise up to $50 million from “the crowd.”

  • The JOBS Act Is Progress But Much Remains To Be Done — link
  • SEC: Startups Can Now Raise $50 Million in ‘Mini IPO’ — link
  • SEC Democratizes Equity Crowdfunding With JOBS Act Title IV — link
  • SEC finalizes key JOBS Act rules for small businesses — link


Google’s new CFO Ruth Porat negotiates sweet pay package — link

Apple begins releasing the first set of third-party Apple Watch apps — link

Exclusive: Amazon makes even temporary warehouse workers sign 18-month non-competes — link

Zynga must face U.S. lawsuit alleging fraud tied to IPO — link

Twitter to surpass Yahoo in U.S. display ad revenue, eMarketer says — link

SoftBank leads group in talks to buy up to $1 billion stake in India’s Micromax: sources — link

Meerkat confirms it raised a round led by Greylock, Josh Elman joins Meerkat’s board — link

PayPal cited for ‘reckless disregard’ of U.S. sanctions — link

Google makes most of close ties to White House — link

Apple’s Tim Cook will give away all his money: Fortune — link

Amazon’s on-demand services marketplace launches Monday — link

U.S. coding website GitHub hit with cyberattack — link

Pebble Time Kickstarter project raised $20.3 million — link

Stolen Uber customer accounts are for sale on the dark web for $1 — link

March 2015 security incident and the launch of two factor authentication — link

AIRBNB becomes sponsors of 2016 olympics in Rio — link

RadioShack’s bankruptcy could give your customer data to the highest bidder — link

YouTube to relaunch livestreaming service with focus on esports and gaming — link

Nextdoor, the social network for neighbors, is becoming a home for racial profiling — link

A major tech investor says ‘a whole bunch of crazy little companies will disappear’ — link

Barack Obama names two new top aides — link

Amazon updates Fire TV lineup with support for USB storage, wireless headphones and more — link

Improbable: enabling the development of large-scale simulated worlds — link

Ruth Porat to join Google as Chief Financial Officer — link

Facebook may host news sites’ content — link

Australian Apple TV owners gain access to Netflix channel, service — link

Americans’ retirement funds increasingly contain tech start-up stocks — link

Exclusive: Pinterest unpins employee tax bills — link

Twitter partnering with Foursquare to let you tag specific locations in tweets — link

Meet Cyanogen, the startup that wants to steal android from Google — link

How Google, Facebook and others pay their H-1B employees — link

Indiegogo darling Canary hits best buy For $249 — link

Amazon goes after Dropbox, Google, Microsoft with unlimited cloud drive storage — link

Craigslist is the unsung hero of the on-demand economy — link

NCAA ‘concerned’ over Indiana law that allows biz to reject gays — link

Salesforce CEO says company is ‘Canceling All Programs’ in Indiana over LGBT discrimination fears — link

Slack’s valuation more than doubles to $2.8 billion in five months — link

Steven Spielberg to direct sci-fi cult favorite ‘Ready Player One’; back at Warner Bros — link

Northwestern Mutual acquires LearnVest, the financial planning startup — link

The Internet, the White House, and You (and Me) — link

Top Ten Venture Deals (Past 7 days)

1., a California-based leading cloud ERP provider on the Salesforce1 Platform, has raised $110 million in new funding round. The round was led by Technology Crossover Ventures, with participation from Salesforce Ventures.

2. Cyanogen, a California-based leading mobile operating system startup, has raised $80 million round of Series C financing led by Premji Invest, along with Twitter Ventures, Qualcomm Incorporated, Telefonica Ventures, Smartfren Telecom, Index Ventures, Access Industries, Rupert Murdoch and Vivi Nevo. Previous investors Benchmark, Andreessen Horowitz, Redpoint Ventures and Tencent also participated the round.

3. Yuantiku, a Beijing-based online education platform, has raised $60 million of Series D funding. The round was led by CMC Capital Partners, and was joined by New Horizon Capital, existing investors of IDG and Matrix Partners China.

4. Ayasdi, a California-based cloud-based service called the Insight Discovery Platform, has raised $55 million in Series C round of funding, led by Kleiner Perkins Caufield & Byers, and was joined by existing investors, Institutional Venture Partners, Khosla Ventures, FLOODGATE, Citi Ventures, and new investors, Centerview Capital Technology and Draper Nexus.

5. QuickPlay Media, an Ontario-based leading services provider of a managed video platform, has raised Canadian $57 million ($45.6 million) in new VC funding. The round was led by Madison Dearborn Partners, and joined by Orix ventures and Difference Capital.

6. Helpling, a Berlin-based online platform for on-demand home service, has raised $45 million in Series B financing round from Lakestar, Kite Ventures, Lukasz Gadowski and Rocket Internet.

7. August, a California-based maker of a smart-lock for homes, has raised $38 million in Series B funding led by Bessemer Venture Partners. Comcast Ventures, Qualcomm Ventures and return backers Maveron, Cowboy Ventures, Industry Ventures, Rho Ventures and SoftTech VC also participated in the Series B round.

8. Localytics, a Massachusetts-based app marketing and analytics company, has raised $35 million in Series D round. The funding was led by new investor Sapphire Ventures, and was joined by existing investors Foundation Capital and Polaris Partners.

9. Cohere Technologies, a California-based mobile-infrastructure startup, has raised $35 million investment in Series C funding. The round was led by Telstra along with existing investors New Enterprise Associates, Lightspeed Ventures, and was joined by new investors Macquarie Capital and AME Cloud Ventures.

10. Rsam, a New Jersey-based governance, risk and compliance solutions provider, has raised $32 million in new Venture Capital round of funding from JMI Equity, a growth equity firm.

New Funds

Accel Announces New $305 Million Investment Fund For India — link

Alibaba Invests in Israeli Cyber-Focused Venture Fund — link

Poland’s First Institutional Venture Capital Fund Dedicated to Life Science Announces First Closing At $ 42 Million — link

AKT IP Ventures Launches Targeted $20 Million Fund to Incubate Emerging IP-Based Tech Companies — link

Events Calendar

1. [Continental Club, Los Angeles] April 1st — CoInvent LA Startup Happy Hour @ Continental Club

This is a CoInvent private event for founders, entrepreneurs, investors, and startup professionals in LA. Private space from 6–10 PM. Dress code is business casual. Free event with advanced RSVP’s @

2. [Score, San Francisco] April 2nd — CoInvent SF Startup Happy Hour @ Score

This is a CoInvent private event for founders, entrepreneurs, investors, and startup professionals. Cash bar with special cocktail price. Dress code is business casual. Private space. Free event with advanced RSVP’s @

3. [Barn Joo, New York] April 21st — CoInvent Media Summit VIP Dinner

This is the VIP dinner for this year’s CoInvent Media Summit. For the 3 hours, you should expect to meet some of the conference speakers and other top influencers in NYC’s media and tech scenes. Half of the seats are filled. More info @

4. [Anchin Block & Anchin LLP, New York] April 22nd — CoInvent Media Summit 2015

CoInvent Media Summit 2015 (CMS) is a one-day conference that focuses on the current and future states of media and how technology has changed the media business once and for all. This event will bring together influencers, thought leaders, technologists, entrepreneurs, and investors in both media and technology industries. Early bird rate ends by end of this Friday. More info @

5. [Libation, New York] May 5th — CoInvent NY Startup Happy Hour @ Libation

This is a CoInvent private event for founders, entrepreneurs, investors, and startup professionals — part of the startup networking series. Cash bar with happy hour price. Private space. Dress code is business casual. Free event with advanced RSVP’s @

6. [The Room, Sta Monica, CA] May 6th — CoInvent LA Startup Happy Hour @ The Room

This is a CoInvent private event for founders, entrepreneurs, investors, and startup professionals — part of the startup networking series. Cash bar with happy hour price. Private space. Dress code is business casual. Free event with advanced RSVP’s @

7. [Suite 36, New York] June 10th — CoInvent NY Startup Happy Hour @ Suite 36

This is a CoInvent private event for founders, entrepreneurs, investors, and startup professionals — part of the startup networking series. Cash bar with happy hour price. Private space. Dress code is business casual. Free event with advanced RSVP’s @

Recommended Readings

- Andrew