May 29 - 4:10pm EDT   Pinch Media on Thursday received an undisclosed amount of funds from a conglomerate of investors to help the New York-based startup develop free tools for iPhone developers. Silicon Alley Insider writes that the investment came from Union Square Ventures, First Round Capital, and Sharkey Goldstein Capital, with private financial strategists Dave Morgan, Jerry Neumann, and Mike Yavonditte. Specifics on the deal were not made available, but Union Square representative Fred Wilson claimed it is a "typical early stage deal." [full story]