ever since I was littleI have been captivated by this magical dreamit is a recurring fantasyof how I could let my heart freethis is just a fairy tale of my creationI don’t wish for blood or gorebut stillI want to dig my nails into my chestat the center of my ribcageI want to sink my fingers into my ribs…

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SCVNGR, the platform that lets you build location-based games compatible with any mobile phone, is on a roll. The company has just raised $4 million from Google Ventures, with participation from existing investor Highland Capital. Google Ventures' Rich Miner will be taking a board seat. The news comes just over a week after we learned that SCVNGR is cash flow positive, with over $1 million in revenue in its first full year in business. While mobile location based games like Foursquare and Gowalla are getting a lot of attention right now, SCVNGR has quietly managed to establish a very nice niche market for itself. SCVNGR, which started in the DreamIt Ventures program back in 2008, makes a platform that allows companies, schools, and other organizations to build their own location-based scavenger hunts. Dozens of major universities have used the service at campus orientations, while major companies have used it for team building exercises. The platform has been used by over 400 clients including Princeton, Yale, MetLife, and HSBC, and has a whopping 91% client repeat rate.

Startl is a very interesting new project based here in NYC. It's a startup accelerator (like Y Combinator, TechStars, Seedcamp, etc) but focused entirely on entrepreneurs working in education. It's a non-profit backed by the Hewlett, MacArthur, and Gates foundations which is quite a collection if you ask me.  Another thing that makes Startl interesting […]

DreamIt Ventures has spent the last five years developing one of the country's best-respected early-stage high tech startup acceleration programs. It set out with a goal of helping startups get off the ground. Now it's set its sights on another problem: how to keep its startups in the region.

DreamIt Ventures has spent the last five years developing one of the country's best-respected early-stage high tech startup acceleration programs. It set out with a goal of helping startups get off the ground. Now it's set its sights on another problem: how to keep its startups in the region.