Foursquare said Thursday it has raised $41 million to expand its location-based service, but the financing is convertible debt rather than equity, which increases the pressure on the company to prove it has a real business. Read more »
It’s all about the platform — except when it isn’t: Speakers at paidContent 2012 spoke about the opportunities, challenges and constraints of creating digital content. Read more at paidContent »
Union Square Ventures partner Albert Wenger says that while Amazon has revolutionized the traditional book industry with the Kindle, digital storytelling still isn’t really social — which is why his firm has led a $3.5M Series A financing round for Toronto-based social-reading startup Wattpad. Read more »
Twilio, a cloud communications platform, announced it has raised $12 million in a Series B round led by Bessemer Venture Partners. The San Francisco company allows other developers to build on top of its pay-as-go telecommunications platform, creating a wide array of text and phone-based applications. Read more »
