Fineck, a smart necklace for a healthier neck & spine

Have you ever counted how many fitness gadgets you have in your office that just sit in the corner, covered in dust? When was the last time you wore that $200 fitness bracelet when going for a run? Fineck, a new personal activity tracker, aims to monitor your neck and spine condition in the form of necklace. Compared to existing products, Fineck believes it is not crucial to know the number of steps or how many calories we have burned in a day. Instead, the focus is on the condition of the neck and spine.

Dear Uber & Lyft, get your shit together

Let’s start out by saying that I’m a big fan of both Uber and Lyft. I’m indirectly an investor in both companies as I’m an investor in three VC funds that are investors in Uber and one VC fund that is an investor in Lyft. I have no idea how much actual equity I have in either company, but based on current valuations the dollar value of my indirect ownership is non-trivial. And Foundry Group came close to investing in Zimride (the predecessor to Lyft) but we ended up withdrawing from what we thought was an inappropriately high-priced round, which, in hindsight, was clearly a miss on our part.

How to get funding, as told by August Capital (video)

The Internet has fundamentally changed the ways in which startups receive funding these days. In many ways, it’s much easier to connect with investors that you want to work with, but on the other hand, it’s much more difficult to secure funding because of the massive amount of competition in the marketplace. Thus, for early-stage startups, it’s incredibly important to hone in on your product or service and perfect your pitch if you want to be one of the few startups that succeeds.