Reddit cofounder Aaron Swartz commits suicide aged 26

first_imgNews is spreading today that Aaron Swartz has committed suicide aged just 26.Swartz will be known to many as one of the co-founders of Reddit, but that was not his only major achievement. At the age of 14 he co-authored the RSS 1.0 Specification, worked briefly for Wired after selling Reddit, launched Jottit, created the web.py web application framework, co-founded the progressive advocacy group Demand Progress, and was a Harvard University fellow.More recently Swartz had garnered the attention of the authorities due to his actions. In 2009 he was investigated by the FBI after publicly sharing 20 percent of the PACER US federal court documents database. However, no charges were brought against him at that time. Then in July 2011 it was discovered he had spent months stealing data from MIT.Swartz was indicted after stealing 4.8 million documents from JSTOR, a not-for-profit digital archive of scientific papers. The problem being, he repeatedly broke into a secure and restricted area of MIT to hook up a laptop to get the records. He also used several methods of trying to evade detection. JSTOR has since publicly released the archives, while Swartz faced up to 35 years in prison and a fine of up to $1 million.After the indictment in Boston, Swartz moved to Brooklyn, New York. News of his suicide yesterday has been confirmed by his uncle, Michael Wolf. No further information has been released at this time, and our thoughts go out to his friends and family.via MITlast_img read more

Overall Investments in Bend Oregon Venture Conference Companies Exceed 1 Million

first_img LinkedIn 0 By CBN Twitter Overall Investments in Bend, Oregon Venture Conference Companies Exceed $1 Million (Photo above: Corey Dow-Hygelund, Chris Kraybill, Seth Taylor, John Audette, and Adam Carroll of Amplion Research)BVC sets a new standard for angel conferences nationwide with Cascade Angels 2014 LLC Fund’s additional investments in Poached Jobs and Amplion Research.Cascade Angels Fund 2014, LLC has increased its financial position in the first and second place winners of the Bend Venture Conference (BVC) launch stage competition. This week, the Fund announced an additional $42,000 investment in Poached Jobs and an additional $48,000 investment in Amplion Research, pushing the overall BVC investment to $1,063,300.“As a majorinvestor in the BVC Fund this year, we were pleased to have such great investment candidates to review,” said Julie Harrelson, CEO at Harrelson Group, manager of the Cascade Angels Fund. “The additional $90,000 investment will be the final investment by the 2014 Cascade Angels Fund and is a testament to the high quality standard that the BVC is setting, accelerating our efforts to fill in the gap of much needed local patient capital.”Harrelson added that “we are currently in the process of building the 2015 Fund.”Bend Venture Conference set a record this year with the most cash, investments, and prizes awarded at an angel conference in the Pacific Northwest. Cascade Angels, a nascent year-round angel fund, as announced at BVC in 2013, began investing in the spring of 2014. Along with Amplion Research and Poached Jobs, the company has also put investment money to work with Manzama and Droplr.“This year’s conference already was record-setting,but this timely close on our top two investments pushes total awards over the million dollar mark,” said Brian Vierra, EDCO’s Venture Catalyst. “The BVC and Cascade Angels Funds completed their final due diligence, negotiation, legal review and funding within approximately 60 days. We are already hard at work planning next year’s BVC and will continue to build a strong entrepreneurial community through these efforts,” Vierra added.Here is a break-down of the $1,063,300 tally:• BVC LLC Fund Angels: $148,400• Cascade Angels Fund: $211,900• Seven Peaks Ventures: $350,000• Oregon Growth Account: $50,000• Oregon Community Foundation: $25,000• Craft3: $26,500• Mandala Fire Starter Marketing Program:2 Awards totaling $65,000• BendBroadband concept stage cash prize: $10,000• Palo Alto Live Plan: $1,500• Additional side investments: commitments currently at $175,000“In 2013, angels nationwide invested nearly as much money, but did 17 times more deals than venture capitalists,” said Jason Moyer, fund manager for the 2014 BVC LLC. “As companies seek larger funding amounts, expectations are simply more rigorous. The BVC is becoming a true venture conference, helping to elevate the game of both applying companies and angel investors. We’re seeing a virtuous cycle of more money attracting better deals, and better deals attracting more money, so I expect the BVC to continue to set new standards.”The Bend Venture Conference is divided into two categories that consist of five launch stage and five concept stage companies vying for investment, cash prizes, and marketing service awards. The concept stage finalists competed for a $10,000 cash prize from BendBroadband, while the launch stage finalistscompeted for $896,000 in total investments.Founded in 1981, EDCO is a non-profit corporation, supported by private and public members and stakeholders, whose mission is to create middle-class jobs in Central Oregon by recruiting new employers to move to the region, helping entrepreneurs start new, scalable businesses, and working with our businesses that are already here to grow their operations. This is the fifth year EDCO has managed the BVC. Learn more about the Bend Venture Conference at www.bendvc.com.Cascade Angels Fund 2014, LLC and Cascade Angels Fund 2015, LLC (Cascade Angels) are based in Central Oregon. Our mission is to create opportunities for investors and businesses in and with connections to Central Oregon to drive economic growth and fuel prosperity. We are committed to building Oregon’s entrepreneurial ecosystem.To learn more about Cascade Angels go to: www.cascadeangels.com Google+ Share.center_img on January 6, 2015 Facebook E-Headlines Pinterest Email Tumblrlast_img read more