What’s love got to do with it? For startups, everything

After trying to become a social network, the team behind Fab.com pivoted a year ago toward their current model as a design site because it was something the founders were passionate about. It’s another reminder that passion matters and can be what determines success.

New York rising: Brooklyn gets its first VC fund

Charlie O’Donnell, a principal at First Round Capital in New York, thinks Brooklyn is increasingly where the action is, and he’s launching the first Brooklyn-based venture capital fund to help kick-start companies on the other side of the East River.