Troy Carter attained a lot of his wealth by working as Lady Gaga’s manager. He is also a startup investor and has put money in companies like Uber and Dropbox. According to several reports, Carter is no longer Lady Gaga’s manager due to “creative differences.” Carter is credited with helping Lady Gaga sell 20 million albums. He also manages John Legend and Lindsey Stirling. Carter is also in the middle of raising around $75-$100 million for an investment fund.
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Yahoo! has acquired a social advertising company called Bread. The 6 employees at Bread will be joining Yahoo! following the acquisition. Bread is known for designing a URL shortener service that displays an ad between the time that someone clicks on a shortened link and when they are taken to the website. Bread raised $3.5 million in funding from investors like Troy Carter, Raptor Ventures, Marc Ecko, Jonah Goodhard, Noah Goodhart, and Paul Bricault.
Songza is a startup that offers playlists to match your mood. The company has raised a $4.7 million round of funding from several investors including Lerer Ventures, Amazon.com, Scooter Braun, William Morris Endeavor, Deep Fork Capital, Metamorphic Ventures, Troy Carter, Gary Vaynerchuk, and several others.
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Based in Seattle, Washington, Julep is a company that sells nail polish, bath products, skin products, and makeup online. The company has raised $10.3 million in their latest round of funding led by Andreessen Horowitz. Julep also sells a subscription service where users can receive a box containing a curated selection of Julep goodies.
The outstanding national student loan debt is high in America at over $1 trillion. Around $864 billion of that amount is backed by the federal government. A majority of these loans have an interest rate that is higher than 6%. Formerly known as Binksty, Tuition.io wants to help college students by help with student loans.
Virool is a video advertising platform that has raised a $6.62 million seed round of funding including Thomvest Ventures, Menlo Ventures, Draper Fisher Jurvetson, #DominateFund, FundersClub, and other investors. Virool will be using the funding to expand the adoption of their platform. Virool went from 200 users to 30,000 since they launched in March 2012.
Pop star Lady Gaga has launched a new social network that looks similar to Pinterest called LittleMonsters.com. Users can vote for photos and videos posted to the website in a way that is similar to Reddit. Users of the website can create Gaga-related content and chat with other “Little Monsters.” The website was created by Backplane and input from Lady Gaga. The startup was founded by Gaga’s manager Troy Carter, Backplane CEO Matt Michelsen, former Google designer Joey Primiani, and former Palantir director of ops Alex Moore. Backplane is known for designing websites for big brands like Nike and Major League Baseball. People can sign up using with their Twitter and Facebook accounts.