venture capital firm
Cairo accelerator Flat6Labs graduates its second cycle of seven startups
thenextweb.com
We took a look at Flat6Labs, a Cairo-based accelerator in October when it launched its first cycle with 5 startups under its wing. Fast forward 7 months later, and the accelerator is graduating its second cycle of startups. Founded by venture capital firm Sawari Ventures and the American University in Cairo,...
Gamification helps orphaned intellectual property find a home
arstechnica.com
Research park Jeff Miller via Univ. Wisconsin From disrupting the peer-reviewed journal publishing tradition to utilizing a dispersed model to test code, the academy has been trying out new ways of innovating an overburdened scholarly apparatus using technology. One of the latest areas to see this sort of experimentation...
Coursera raises $16M for free online education for the masses
venturebeat.com
Two Stanford University professors and a dream to educate the world, that’s what started Coursera. The service offers university-level courses to anyone with an Internet for free and just raised $16 million from venture capital firm Kleiner Perkins Caufield & Byers. “Imagine a future where the top universities are educating thousands...
How I Became A 19-Year-Old Associate VC
techcrunch.com
Editor’s note: Alex Banayan is an associate at Alsop Louie Partners, an early stage technology venture capital firm based in San Francisco, CA. He is nineteen years old (and thus this post could really use a #humblebrag in the title). To stay connected with Alex, sign up for his newsletter...
OP Ventures: A new European VC is born, with more than €300 million in its pockets
thenextweb.com
Telecom giant France Télécom-Orange (Orange) and advertising giant Publicis Groupe (Publicis) have teamed up with Iris Capital Management (Iris) to create OP Ventures (PDF), a new European venture capital firm that will run three separate funds to back digital companies in Europe and occasionally the rest of the world. Iris...
Startup Accelerator Fail: Most Graduates Go Nowhere
www.readwriteweb.com
Startup accelerators continue to grow in popularity. There are now more than 200 around the world attracting twice as many applicants as they did just two years ago. But there’s a dirty little secet: A lot of accelerators are just spinning their wheels. Last year, Aziz Gilani, a director...
Meetup Cofounder Raises $100,000 From Gary Vaynerchuk And Others For A 'Paw'-some New Startup
www.businessinsider.com
Matt Meeker, cofounder of Meetup and Entrepreneur in Residence of Polaris Ventures, is on to his next startup. Meeker, along with Carley Strife and Prehype's Henrik Werdelin, cofounded BarkBox eight weeks ago. It's a subscription e-commerce company that delivers dog treats and toys to a few hundred users' homes...
DealBook: Peter Thiel Opens a New Venture Capital Firm
dealbook.nytimes.com
The billionaire investor, best known for his contrarian views and his early bet on Facebook, opened Mithril Capital Management with a $402 million fund....
Sequoia Capital’s $1 Billion Raise Is Very Much About Going Global
techcrunch.com
The famed Sand Hill Road venture capital firm Sequoia Capital is indeed in the process of raising a total of some $1 billion for a series of several new venture funds, we’ve confirmed with sources close to the situation. The new raise, on which CNN.com reported earlier today, is currently...
Instagram CEO just made $400 million, or $725,000 per day
venturebeat.com
Instagram chief executive Kevin Systrom just netted $400 million for selling his two-year-old startup to Facebook for $1 billion. That’s according to a report by Wired, which cites sources indicating that Systrom holds 40 percent of the company he founded — an impressively large chunk for any entrepreneur at...
Spark Capital Brings On Former Zynga Executive As A Venture Partner
www.businessinsider.com
Spark Capital, a Boston-based venture capital firm with investments like Twitter, Tumblr and Admeld, has made a new hire. Former Zynga executive Nabeel Hyatt will join as the firm's first venture partner. He will help lead Spark's investments in consumer Web, social and mobile startups. Hyatt cofounded Conduit Labs,...
Internet Trends report finds online growth driven by China and India, users increasingly mobile
www.engadget.com
You probably don't need a 112 slide PowerPoint presentation from Mary Meeker and the venture capital firm KPCB to tell you this, but the Internet, she's getting bigger. Every year more and more people sign on and, not surprisingly, many of the 663 million netizens added over the last...
Russian classifieds website AVITO.ru raises massive $75m round from Accel, Kinnevik and others
thenextweb.com
As we reported earlier, Russia is now the largest Internet economy in Europe, and a fast-growing one at that. No wonder investors from all over Europe (and increasingly, other continents) are keener than ever to make regular trips to Moscow and get a shot at backing the most promising startups...
And Now Al Gore Has Been Accused Of Abusing His Apple Board Seat For Personal Gain
www.businessinsider.com
One of the smartest moves former VP Al Gore ever made was joining Apple's board. As Gary Rivlin observes at the Daily Beast, in addition to basking in the glow of Apple coolness, Gore has collected $50,000 a year in cash and cashed out of $2 million-worth of options...
Exclusive: Facebook Deal Nets Instagram CEO $400 Million
www.wired.com
Photo: Ariel Zambelich/Wired Facebook’s acquisition of the immensely popular photo-sharing service Instagram for $1 billion is far and away the largest acquisition in the history of the world’s largest social network. But for CEO Kevin Systrom and company, it’s a windfall payday like none other. CEO Systrom owns 40 percent...
Facebook increases IPO size (again)
finance.fortune.cnn.com
Facebook adds 25% more shares. FORTUNE -- Facebook has significantly increased the size of its initial public offering, just two days before it is expected to begin trading on the NASDAQ. According to an amended registration document, Facebook (FB) will now offer over 421 million shares to investors. That is...
Freshdesk, the cloud-based customer support service, launches more tools for Google users
thenextweb.com
Freshdesk, the service that helps companies provide support through social platforms like Facebook and Twitter is launching further integration with Google Analytics and Google Contacts today. With over 4 million businesses using Gmail as their corporate email provider, the company has spotted a way to join the dots for those companies...
Ellen Pao Breaks Her Silence: I’m Still At Kleiner Perkins, And I Don’t Plan On Leaving
techcrunch.com
Ellen Pao, the partner at Kleiner Perkins Caufield & Byers who is suing the legendary venture capital firm for alleged gender discrimination and acts of retaliation she claims to have experienced during her seven year career there, has refused to speak to the press since news of the lawsuit first...
Moviepilot Seals $7M Series B Funding Led By DFJ Esprit
techcrunch.com
It’s easy to miss the launch of the latest movies. You get a week of marketing and by the time you’ve figured out if you want to see it or not, it’s moved off the theatre and you’re waiting for the DVD release. Most movie marketing dollars are spent in...
Google Ventures' Big Data Bet
bits.blogs.nytimes.com
The venture capital firm funded by Google is building up its data sciences team to increase the capabilities inside its companies and to look for new investments in the area. The firm is extending a thesis that was developed inside Google about finding patterns in big collections of data, which...
Zappos Clone StyleTread Secures $12 million To Keep Australia Heeled
techcrunch.com
StyleTread, the leading Australian online shoe store modelled around Zappos principles, has secured a Series C financing of AUD$12 million led by Starfish Ventures, joining existing investors Lakestar, Nine Entertainment Co., and Adinvest. Nine Entertainment recently invested $4 million and is further evidence of a bit of a tech boom...
Andreessen Horowitz to give half their earnings to charity
finance.fortune.cnn.com
A different type of return on investment Venture capital firm makes a bold philanthropic pledge. FORTUNE -- The general partners of Andreessen Horowitz have pledged to donate at least half of their future venture capital earnings to philanthropic causes. And, to begin, they have sprinkled $1 million on Silicon Valley...
Campalyst Raises Seed Round To Measure Social Media ROI
techcrunch.com
Social media analytics startup Campalyst is celebrating its first birthday today, and its big present is a new seed round (of undisclosed size) from Amsterdam-based venture capital firm HENQ. The company was co-founded by former business school classmates Jevgenijs Kazanins and Dalia Lasaite as part of Garage48, a European boot...
Skout hooks up with Andreessen Horowitz, raises $22M for mobile flirting app
venturebeat.com
Skout CTO Niklas Lindstrom and CEO Christian Wiklund The makers of web and mobile applications for location-based flirting have landed a local conquest of their own. Five year-old Skout has raised $22 million in funding from esteemed venture capital firm Andreessen Horowitz. “[Skout] is really helping people to meet new...
INSIDE PINTEREST: An Overnight Success Four Years In The Making
www.businessinsider.com
The hottest small startup in the world right now is Pinterest, a photo-collecting site that is adored by several million American women. How hot is it? When Facebook bought Instagram for $1 billion on April 9, All Things D reporter Peter Kafka tweeted, "So Pinterest is now worth what...
Tesla delivers first Model S a little early, EVs take a big step forward
www.engadget.com
Tesla had originally pegged the Model S' first delivery for June 22nd. At least one owner, though, is getting an early treat: one of venture capital firm Draper Fisher Jurvetson's namesake managing directors, Steve Jurvetson, just picked up his red-hued EV sedan in the San Francisco Bay Area. He...
NEA Raising $2.5 Billion For What Could Become One Of The Largest VC Funds In History
techcrunch.com
Whether it’s revenue, users, funding, whatever — nowadays in tech, it seems like the numbers just keep getting bigger. The latest example of this: New Enterprise Associates, the global venture capital firm with headquarters in Silicon Valley, is in the process of raising $2.56 billion for its 14th fund, “NEA...
SEC Watch: Khosla Ventures Raising Money For New Seed Fund, Filing Says
techcrunch.com
Looks like the seed funding wave continues to get stronger. The latest evidence: Khosla Ventures, the Silicon Valley venture capital firm headed up by tech industry veteran Vinod Khosla, is raising a new seed fund, according to regulatory documents filed with the Securities and Exchange Commission this afternoon. According to...
Madrona Venture Group raises $300 million fund, largest in firm’s history
www.geekwire.com
Industry reports signal tough times for venture capital firms, with shrinking returns and lackluster results tied to a weak IPO market. But despite the headwinds, Madrona Venture Group still was able to meet with success on the fundraising trail. The Seattle venture capital firm has closed on a $300 million...
What Union Square Ventures wants out of your company
thenextweb.com
Every venture capital firm has its own secret for success, including the likes of Union Square Ventures, a very well-known, early stage NYC-based VC firm with an impressive portfolio of companies such as Tumblr, Behance and 10gen. Of course, subscribing to a single methodology may be dangerous thinking, but if you’re starting a company and have hopes...
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