Bump Technologies (S09) Confirms Sequoia Funding, Reveals Roster Of Angels

Over the weekend we wrote about Bump Technologies’ recent funding round led by Sequoia Capital, which was revealed (perhaps accidentally) during Sequoia Partner Greg McAdoo’s presentation at Y Combinator’s Startup School. Bump declined to comment on the round on Saturday, but they’ve now confirmed that the round has just closed. They still wouldn’t confirm the exact amount of the round, but we’ve heard it’s over $3 million.

Bump did disclose the angel investors joining the round, and they’ve got some impressive names on board:

Ram Shriram (Sherpalo Ventures; founding board member at Google)
Ron Conway (SV Angel LLC)
Joshua Schachter (founder, Delicious)
Aydin Senkut (Felicis Ventures)

Bump CEO David Lieb says that the company plans to use the financing to extend Bump beyond the iPhone (I suspect we’ll see an Android version), and to expand the team.

Bump Technologies image

Website: bumptechnologies.com
Founded: October, 2008
Funding: $3M

Bump Technologies builds mobile applications that allow smartphones to transfer data with very little effort required on the user’s part. Learn More

Information provided by CrunchBase

Congratulations Bump!

Startup School Final Speaker List

We’re getting excited for Startup School on Saturday! We’re sorry we can’t fit everyone who wanted to come, so we wanted to remind everyone that talks will be streamed live on Justin.tv here: http://www.justin.tv/startupschool.

 Here’s the final list of speakers:

Chris Anderson
Editor in Chief, Wired Magazine

Paul Buchheit
Founder, FriendFeed; Creator of GMail

Jason Fried
Founder, 37signals

Paul Graham
Partner, Y Combinator; Founder, Viaweb

Tony Hsieh
CEO, Zappos; Founder, LinkExchange

Mitch Kapor
Partner, Kapor Capital; Founder, Lotus

Greg McAdoo
Partner, Sequoia Capital

Mark Pincus
Founder, Zynga, Tribe, SupportSoft, Freeloader

Biz Stone & Evan Williams
Founders, Twitter

Mark Zuckerberg
Founder, Facebook

Safe travels to everyone coming to Berkeley from around the world.

Follow Startup School on Twitter-- http://twitter.com/startupschool

Justin.tv founders named to top 30 under 30 by Inc.

During Justin.TV's early days, the four founders shared a two-bedroom apartment, working in shifts so that someone was awake to manage the site, even when Kan wasn't. Amazingly, this odd experiment attracted a loyal, Truman Show-esque following -- at any given time there would be hundreds of people watching Kan -- and a raft of press attention. Just weeks after going on the air, Kan was interviewed wearing his camera on the Today show, and dozens of media mentions followed. "It was mindboggling," Vogt says. "I'd wake up at 3 p.m., wander out into the living room in my boxers and there'd be a camera crew there."

Later that year, Kan turned off the cameras and opened his site up to all manner of live broadcaster, a move that caused traffic to surge. Today, the site hosts 40,000 broadcasts every day -- broadcasters have included the Jonas Brothers, Stephon Marbury, and Rep. Ron Paul -- and attracts some 31 million visitors a month. That translates to a staggering 50 million hours of video shown per month. "It's a far cry from when it was just Justin," says Seibel, the company's CEO. "We have the most used live video system in existence."

What's next for Justin.TV? Well, profits, for one thing. Right now, the company makes money through advertising and a $9.99 per month fee for broadcasters who want to show live videos without any ads. But the plan is to increase revenues -- and get to profitability -- by handling live video operations on other people's websites. Organizers of a sporting event or a rock concert, for instance, would be able to use Justin.TV's system, paying a fee based on how much bandwidth used. There's also a payment processing system in the works that would let broadcasters offer pay-per-view streams, while paying Justin.TV a transaction fee. "It'd be nice to say this is how we planned it out," Kan says. "But that's not true. Having a start-up is all about being able to see what works and change your idea."

full article at inc.com