Angelsoft is a really clever idea – consolidate hundreds of sources of capital into a single website and allow startups to apply to them all with a single “pitch” and application.
Here they discuss something I’ve noted before – most VC funds do not do very well. They note that most had negative returns last year.
Twitter has aquired Summize, a search utility that will make Twitter a lot more friendly than it has been if you want to drill down in Twitter results and find more relevant information and people.
Twitter is practically gushing about the aquisition of Summize, so it’s likely that Summize is solving a major problem they have been struggling with for some time.
Here’s the scoop
I’ve been somewhat skeptical in the past that Twitter will ever be much more than a sort of social post it note service, but if they add enough functionality to the existing design Twitter’s huge and influential social network could turn this into the major application that some suggest Twitter could become. It already seems to me that key folks often prefer microblogging to Facebook or email, though I’m still not convinced that Twitter will catch on with regular folks as it must to compete with Facebook and Myspace.