funding

In what started out as a small newsletter to 600 friends has grown into a company worthy of $13 million in Series A funding.

Thrillist Media Group, a man-about-town newsletter and e-commerce company, announced today that it has raised this wad of cash with funding led by Oak Investment Partners that has been joined by Lerer Ventures and Pilot Group. What's more, Fred Harman from Oak will be joining Thrillist's board of directors.

Thrillist was co-founded by Ben Lerer who comes from a family that knows about media. He's the son of Ken Lerer, who co-founded the … Read more

Less than a month after unveiling the Bing Fund, Microsoft's startup/accelerator incubation effort announced today the enrollment of its first two startups.

App development services provider Buddy and online games advertising service Pinion will get access to the software giant's technology assets and expertise, as well as its funding, the Bing Fund said today.

Buddy was founded by former Microsoft employees Dave McLauchlan and Jeff MacDuff. The Kirkland, Wash.-based company aims to reduce the amount of time mobile and Web app developers spend writing, testing, and managing server-side code. Bellevue, Wash.-based Pinion helps gaming communities … Read more

We've heard stories about 3D printers being used for both good and evil, but we're not sure how to categorize a company in Japan offering pregnant women a 3D-printed model of their unborn fetuses. Gross. Other stories on today's podcast include a crowdsourced funding site for porn, Amazon accidentally shipping assault rifles, and a sealed first-gen iPhone hitting eBay for $10,000.

Leaked from today's 404 episode:

- Japanese companies offer a 3D-printed model of your unborn child.

- Offbeatr is the Kickstarter for porn.

- DC resident orders TV on Amazon, gets assault rifle instead.

- Sealed first-gen iPhone hits eBay for $10,000.

Bathroom break video: Olympic nutcracking… Read more

Facebook heavyweight Ben Blumenfeld is stepping down from the social network, according to a blog post he wrote today. Blumenfeld was the company's design manager and had been at Facebook since 2007. He is leaving to co-direct the Designer Fund.

This news comes as three high-level managers and directors left the company last week, including the director of platform partnerships Ethan Beard, platform marketing director Katie Mitic, and mobile platform marketing manager Jonathan Matus.

Blumenfeld was tasked with making Facebook's platform more accessible. "We were building great products, but not doing a great job of guiding people … Read more

Chinese e-commerce giant Alibaba Group is nearing the close of an investment round designed to reduce Yahoo's equity in its operation, according to a new report.

The company is closing in on its $8 billion investment goal, according to The New York Times, citing sources. The news outlet says the funds are being raised from a host of sources, including hedge funds, mutual funds, and private equity firms. The company will sell preferred and common shares in the transactions, and will borrow about $4 billion, the Times says.

Alibaba and Yahoo entered into an agreement in May that prompted … Read more

Square has once again raised a ton of money, closing a $200 million round of funding that will make CEO Jack Dorsey a certified paper billionaire, according to those watching the industry.

Although neither the company nor its lead investor -- little-known private equity firm Rizvi Traverse of Michigan -- would confirm the matter, news of the dollar figure has been swirling around today.

Rizvi Traverse other investments include Playboy, Facebook and Twitter, according to the company's Web site.

The funding, which is twice the amount the company raised last year, puts a valuation of $3.25 billion, an … Read more

BackBlaze, an online backup company that for the last five years bootstrapped itself with its own funding, has taken a $5 million investment from U.K.-based TMT Investments to speed its growth.

The funding will be used for advertising, promotional partnerships, and hiring engineers to bring new features such as an iOS app to market, Chief Executive Gleb Budman said.

The 16-employee company, founded in 2007 ago and headquartered in San Mateo, Calif., has been profitable with plans that cost $5 a month, $50 for a year, or $95 for two years. TMT said in its announcement today that … Read more

New Enterprise Associates, one of the world's largest venture capital firms, has raised $2.6 billion for NEA 14, its 14th venture capital fund, TechCrunch reported this evening.

TechCrunch figures the new fund may be the largest in venture capital history, beating out a $2.56 billion fund that Oak Investment Partners raised in 2006.

The new fund will have a pretty broad deployment target, New Enterprise Associates partner Tony Florence told TechCrunch.

"From a sector perspective we will continue to be very enterprise-focused, but also very, very active in the consumer Internet space, where there are certainly … Read more

Following a concerted effort to starve Wikileaks of cash by cutting off its sources of funding, the controversial publisher of government and corporate secrets has found a way to once again accept donations via credit cards.

WikiLeaks yesterday announced that it has launched "a new payment gateway" that relies upon the French credit card system Carte Bleue. That system, which works globally with the Visa/MasterCard system that's currently blockading WikiLeaks, is "contractually barred from directly cutting off merchants," according to the organization. A French not-for-profit has taken advantage of that loophole and helped WikiLeaks … Read more