Seeing Interactive (W10) Raises Seed Round From Baseline, Buchheit, Schachter, and Lerer Ventures

When it comes to local advertising, everybody wants to replace the Yellow Pages, which makes money hand-over-fist from local merchants across the country. Seeing Interactive, A Y Combinator startup which launched last March, just raised a seed round of about $1 million from some high-profile investors to help local newspapers take more of those local advertising dollars away from the phone directories. The investors include Baseline Ventures, Lerer Ventures, FriendFeed co-founder Paul Buchheit, Delicious founder Joshua Schachter, and Alex Moore (an early employee at Palantir).

Full article via techcrunch.com

 

A New Way to Get Money for Group Events (WePay S09)

WePay co-founder Rich Aberman started the site after becoming frustrated with collecting money from groups.WePay WePay’s co-founder, Rich Aberman, started the site after becoming frustrated with the hassles of  collecting money from groups.

If you’ve ever organized an event like a bachelor party and tried to collect money from a group of friends, you know how difficult it can be to get some people to put up their share.

Enter a new service called WePay. The service, which became available to the public earlier this year, provides a place where groups can set up shared online banking accounts and simplify the process of collecting, and spending, group money.

Read the full article via bucks.blogs.nytimes.com

 

Need to process payments?

There's a YC-funded startup working on payment processing done right.  They're already processing payments for a lot of other YC startups, and now they're looking to expand their private beta to some more companies.

If you're a US company that wants to start processing payments soon or is willing to switch payment processors, send them an email at jbrochanc@mit.edu.

The product is developer focused, which is a dramatic departure from the status quo in the payments business. It has been getting rave reviews from the companies that have been using it.