My favorite World Wide website garnered some ink on the pages of the December 2010 issue of San Francisco Magazine, which hit newsstands this past weekend.
The article, a 14-pager detailing the ever-strong Bay Area angel investment market, shared the skinny on promising new tech startups like Path, Square and, of course, DailyBooth, and the wealthy Silicon Valley power players they're attracting.
The truth is, it's now dirt cheap to start an Internet company. All you need is a good idea, some basic coding know-how, and a little money. And guess who has enough money to fund these kinds of ventures in their earliest stages—to be guardian angels of the newest new thing? Well, pretty much everyone in Silicon Valley who's had even a modest hit in the past 10 years.
Former Googlers and retired PayPalers are listening with open wallets for whispers of the next Facebook-like explosion and many have heard DailyBooth's call. Among the early investors of the "Twitter with photos" site are some of Silicon Valley's most high profile backers, including Digg founder Kevin Rose, early Twitter backer Chris Sacca and, of course, Internet mainstay Ashton Kutcher.
Ashton Kutcher was crowned the king of Twitter last spring, when he became the first user to amass a million followers; with more than six million now, the actor has set his sights on new territories. Cue his financial investment in DailyBooth, a site custom-made for the brand of person who's been known to think, "Dude, my life would make a sweet reality show." The startup already has some power users, including Kutcher (40,000 followers); his wife, Demi Moore (30,000); and the untouchable MC Hammer (2,648), all of whom chronicle their days via pictures posted on the website. "It's a form of social entertainment," says CEO Brian Pokorny. "It's the same reason you go to a park or a café: to people-watch."
Although the aforementioned article is of great interest to me because of my time investment in all things Internet, my spare pennies generally wind up in movie theater ticketing machines and McDonald's cash registers. However, in spite of my total lack of monetary investment in companies like DailyBooth and Foursquare, I still managed to weasel my way into the article—in a Where's Waldo sort of way.