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May 16, 2013 07:19 pm GMT
Twitter co-founder Biz Stone’s new and mysterious startupcalled Jellystill isn’t saying what it’s up to, but it has announced funding. According to details posted to the official company blog this morning, the team has raised a Series A from a notable lineup of investors, in a round led by Spark Capital, with additional investment from SV Angel, and a group of angels which includes Square CEO Jack Dorsey, Reid Hoffman, Bono (what!), Evan Williams and Jason Goldmanvia Obvious, Al Gore, Emmy Winning Director Greg Yaitanes, and Afghan entrepreneur Roya Mahboob. As a part of the funding,Spark General Partner Bijan Sabet now joins Jellys board of directors. The company explains that it chose the angels for their diversity of experience, something that’s important to Jelly’s team as well as to its product, whatever that may be: “We chose angels like Al Gore, a Partner at KPCB and Chairman and Co-founder of Generation Investment Management, Greg Yaitanes, a Hollywood director, and Roya Mahboob, an entrepreneur doing amazing work for women in Afghanistan partly because they work in divergent fields. Knowledge diversity is something we prize highly and is also something that will be represented in our product.” The post also revealed that the Jelly product is only in the early prototyping phases right now, which is one reason why the company has yet to reveal product details to the general public. The additional funding – no amount was provided – will be used for hiring and development, as is par for the course. Jelly has already been busy on the hiring front as of late however, havingrecently hired former Twitter engineering manager and Fluther co-founder Ben Finkelas Jelly’s co-founder and CTO, as well asKevin Thau, the man responsible for Twitter’s new app, Twitter music. Though details as to what Jelly is up to are scarce, earlier hints seem to point to some sort of “social good” intention with the service, like perhaps offering a way for users to connect to social causes and show off their contributions. Stone recently explainedthat People are basically goodwhen provided a tool that helps them do good in the world, they prove it. Philanthropy and volunteering don’t have many central homes on today’s web, TechCrunch previously noted in a discussion about Jelly’s possible plans – save for something like Causes which works on top of Facebook’s open graph, having never took off as a standalone service of
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/nWuddf82_Kw/
Biz Stone's New Startup Jelly Raises Series A From Spark Capital, SV Angel, Square CEO Jack Dorsey, Reid Hoffman, Al Gore, Bono & Others
Twitter co-founder Biz Stone’s new and mysterious startupcalled Jellystill isn’t saying what it’s up to, but it has announced funding. According to details posted to the official company blog this morning, the team has raised a Series A from a notable lineup of investors, in a round led by Spark Capital, with additional investment from SV Angel, and a group of angels which includes Square CEO Jack Dorsey, Reid Hoffman, Bono (what!), Evan Williams and Jason Goldmanvia Obvious, Al Gore, Emmy Winning Director Greg Yaitanes, and Afghan entrepreneur Roya Mahboob. As a part of the funding,Spark General Partner Bijan Sabet now joins Jellys board of directors. The company explains that it chose the angels for their diversity of experience, something that’s important to Jelly’s team as well as to its product, whatever that may be: “We chose angels like Al Gore, a Partner at KPCB and Chairman and Co-founder of Generation Investment Management, Greg Yaitanes, a Hollywood director, and Roya Mahboob, an entrepreneur doing amazing work for women in Afghanistan partly because they work in divergent fields. Knowledge diversity is something we prize highly and is also something that will be represented in our product.” The post also revealed that the Jelly product is only in the early prototyping phases right now, which is one reason why the company has yet to reveal product details to the general public. The additional funding – no amount was provided – will be used for hiring and development, as is par for the course. Jelly has already been busy on the hiring front as of late however, havingrecently hired former Twitter engineering manager and Fluther co-founder Ben Finkelas Jelly’s co-founder and CTO, as well asKevin Thau, the man responsible for Twitter’s new app, Twitter music. Though details as to what Jelly is up to are scarce, earlier hints seem to point to some sort of “social good” intention with the service, like perhaps offering a way for users to connect to social causes and show off their contributions. Stone recently explainedthat People are basically goodwhen provided a tool that helps them do good in the world, they prove it. Philanthropy and volunteering don’t have many central homes on today’s web, TechCrunch previously noted in a discussion about Jelly’s possible plans – save for something like Causes which works on top of Facebook’s open graph, having never took off as a standalone service ofOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/nWuddf82_Kw/
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