TechCrunch UK Relaunches With One Hell Of A Party

I just returned from our party in central London to celebrate Seedcamp Week and the relaunch of TechCrunch UK & Ireland.

Robert Loch, who’s famous for his London parties, generously agreed to have the event at his penthouse London flat in Soho. His parties are so notorious (and I use that word intentionally) that we had to keep the location secret and only email it out to attendees who’d registered. Even so, 50 or so people showed up “off list” and were able to get in.

Total attendance was about 250 people, including most of the venture capitalists in London who invest in the Internet, most of the Seedcamp attendees and a ton of other entrepreneurs. Skype founders Niklas Zennström and Janus Friis also dropped by for an hour or so.

One thing I need to remember for our next party - Londoners drink a lot more and stay out far later than their Silicon Valley geek counterparts. We actually ran out of alcohol completely at around 10:30 but Heather soon had another shipment brought in. I left at 1:30 am to get back to my day job. As far as I know the party is still going strong.

TechCrunch UK & Ireland Relaunches

The primary reason for the party was to celebrate the relaunch of TechCrunch UK & Ireland, after a nearly year-long hiatus. I am very pleased to announce the return of Mike Butcher as the editor of the site. Mike knows everyone in London - seriously - and he has deep experience writing about startups at The Financial Times, The Industry Standard and The Guardian, among other publications. We are very lucky to have him rejoin the TechCrunch team. Look for his coverage of Seedcamp on Friday morning London time.

See more coverage of the relaunch at The Guardian.

Thank You To Sponsors

Heather put the party together in a week after we nearly canceled due to a lack of an appropriate venue. Still, a number of sponsors stepped up to cover costs of the event and supplied excellent food and drink. Thank you to all. And special thanks to the Seedcamp team for working with us to organize and promote the party.

Event Sponsors:

Olswang is a leading law firm renowned for its work in media, communications, technology, real estate and more recently, biosciences. Founded in 1981, the firm has grown to a staff of more than 500 and has offices in London, the Thames Valley and Brussels. Olswang is organised with both a sector and service line focus, enabling it to deliver specialist legal advice backed by a strong business perspective.

WorldTV is an exciting, second generation video site offering a slick and user-friendly interface for online aggregation, personal archiving, search and viewing of multi-definition video content in Flash, including access to more than 25 million video clips from a range of popular, well known sites. The service lets users create their own full-screen online TV channel, complete with MTV style logo and all at a cool and easy-to-remember URL. Based in London and Limerick, Ireland, WorldTV will launch out of private beta in November, and is an idea from Smashing Concepts! - the UK ideas and incubation company.

Food & Drink Sponsors:

Thanks to Mucho Mas Burrittos (seven days old, founded by former Skype guys, better than Chipotle) and Hummus Brothers for feeding us, and Stormhoek for supplying the excellent wine for the event. The food and wine was awesome and you kept everyone appropriately fed and watered.

Who Wants to Buy a Virtual World?

If you felt a little green with envy when Disney bought juvenile virtual world Club Penguin for $700 million in cash and earn out, this could be your chance to grab a piece of the virtual pie.

WhuddleWorld, Inc., creator of eponymous online hangout for kids WhuddleWorld, was forced to shut down in April after running out of money. The team of five that built WhuddleWorld over the last year and a half is soliciting acquisition and partnership offers to get the immersive world back online.

Co-founder Dee Hardrath claims that at the time of shutdown WhuddleWorld had grown to 76,000 registered members and a monthly page view count of 20M. She also says the company still receives emails four months later from loyal followers pleading them to get the world back into operation.

Interested in investing? Drop them a line. Perhaps you will be the one to pull them out of the TechCrunch DeadPool.

Check out our recent roundup of virtual worlds for information about the competitors in this space.

Update: Additional materials regarding the WhuddleWorld business plan and its pre-shutdown traffic have been posted below in comment #21.

LendingClub To Close $10.26 Million Series A

Peer to peer lending service Lending Club will close a $10.26 million series A round of financing from Norwest Venture Partners and Canaan Partners tomorrow. This comes a few months after the company’s $2 million angel round. Coinciding wit the investment, Jeff Crowe and Dan Ciporin (former ceo of shopping.com) are joining Lending Club’s board of directors.

Similar to other P2P lending sites (Prosper, Zopa, Kiva), LendingClub matches borrowers and lenders. However, LendingClub doesn’t work through their own website, but solely through Facebook on the application they launched at the F8 platform launch conference. Borrows and lenders a linked up using their “LendingMatch” system, which recommends loans based on credit and their social relationships to each other. The idea being that trusted relationships make lending more likely and defaults less likely. The application currently has over 13,000 installs.

Unlike Prosper, interest rates aren’t determined through bidding, but calculated based on the borrowers credit score, debt to income ratio, and amount of the loan. There are no hidden fees, and the interest rate is fixed for three years. In July the service surpassed $500K in loans. They recently claimed a little more than 4 out of 5 loans get funded and haven’t reported any defaults or late payments.

It’s still the early days for this industry, and as TC commenters point out, it’s very much a case of Caveat Emptor.

A Peek At Didja.com: VeryFunnyAds Clone

Although “advertising as entertainment” site Didja.com is not launching until next year, the NYT has a sneak peak at what it will look like (screen shot below). The NBC Universal project is part of the yet unnamed News Corp/NBC Universal cooperative strategy against Youtube. However, New Co.’s second “major assult” on YouTube looks like more of the same, a clone of TBS’s VeryFunnyAds. It’s very similar to the TBS re-branding effort, letting users watch heaps of ads by search, ratings, and sort by various companies and countries.

That’d all make sense if New Co. was copying a successful site, but VeryFunnyAds doesn’t appear to be a resounding winner despite the 63 million clip views the site article says they delivered over the past year. That number of views suggests an average of 5 million videos streamed each month, but the viewership of the site doesn’t stack up.

After an initial bump on launch, VeryFunnyAds’ traffic has since tapered out at about 100,000 uniques per month, according to Comscore. Sixty-three million streams is a lot of traffic for an audience that size, especially since they don’t allow off-site video embeds. Heavy.com, whose network generated about 6 million streams in April has about 5.2 million uniques per month. If the numbers are true, it appears TBS’s site is at most attracting a small cadre of ad fanatics.

Contrary to the “advertainment” meme going around, it doesn’t look like it has legs.

Hollywood mourns a marvel

By William Keck, USA TODAY Merv Griffin's greatest successes may always be considered the game shows he created, Jeopardy! and Wheel of Fortune.
Spokeswoman: 'Jeopardy' inventor Merv Griffin dies at 82 CNN
Entertainer and Entrepreneur Merv Griffin Dies at 82 FOX News
New York Times - Baltimore Sun - Washington Post - Bloomberg
all 970 news articles »


http://news.google.com/nwshp?hl=en&tab=wn

Scrybe Closes Series A

Scrybe, the online/offline calendar and organizer, has closed their series A round of financing from Adobe Systems Incorporated and LMKR. In what is becoming an annoying trend, the company is not disclosing the size of the round.

You’ll probably recognize the company from the somewhat viral product demo that swept the blogosphere last October. Since then they’ve been through a private and public beta.

Scrybe is a Flash-based organizational and productivity tool that works both online and offline. It consists of multiple calendar management, to do lists, web clip bookmarklet, contact list (Gmail, Yahoo, Hotmail or Outlook importing), and The system operates offline by caching your changes and then uploading when the system reconnects. Zimbra and Google Gears provide similar online/offline products.

The driving principle behind the application is usability. Scrybe’s main selling point is that the application retains the context of the data that you’re working with by “zooming” instead of flipping to the data. One example is the calendar. The cells of the calendar expand and contract as you edit a week, day, or hour more closely while still showing the details of the surrounding days. See the extended video below for more details.

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