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While there's no replacement for actually being at
Lazy bloggers and other online content creators from around the world, rejoice, for
As we kickoff of our second annual TechCrunch Disrupt conference, we're clearly not the only ones who think there's a substantive ecosystem brewing here beneath all the hype and the froth; Lerer Ventures is announcing the closing of its second seed-stage venture fund today. The total is $25 million, mostly from friends, families and small family investment groups.
At TechCrunch Disrupt, Erick Schonfeld interviewed prolific investor Fred Wilson, an early investor in Twitter, Foursquare, and Zynga. When Schonfeld asked him about the Twitter ecosystem, and the company's recent moves to discourage app developers from building Twitter clients, he replied with this one liner, "Don't be a Google Bitch, don't be a Facebook Bitch, and Don't be a Twitter Bitch. Be your own Bitch."
Wilson and Schonfeld directly discussed the advertising ecosystem, and Wilson commented that with Twitter's advertising plans, the company is heading towards a possible collision with advertising startups who have developed revenue models around ads on twitter (i.e. Ad.ly, 140 Proof).