venture firm
Kleiner Perkins Debuts First Engineering Fellows Class
techcrunch.com
Last year, venture firm Kleiner Perkins debuted its plans for a summer internship program to place top engineering talent from colleges at the firm’s portfolio companies. The benefit is two-fold: students get to work at the startup level, are mentored (and have the prestige of Kleiner Perkins on their resume)...
Customer Loyalty And Rewards Platform For Local Businesses Belly Raises $10M From Andreessen Horowitz
techcrunch.com
Chicago-based Belly, a startup that is a fast-growing contender in the local business customer loyalty and rewards space, has raised $10 million in Series B funding from Andreessen Horowitz. The company also announced that Andreessen Horowitz partner Jeff Jordan, former chairman and CEO of OpenTable and former president of PayPal,...
Customer Loyalty And Rewards Platform For Local Businesses Belly Raises $10M From Andreessen Horowitz
Art discovery service Artfinder draws new funding
gigaom.com
Artfinder, the service that helps art lovers discover and share works online, has raised a second round of funding, I’m hearing. The London-based company has quietly closed a fresh injection of funding from Scandinavian VC Northzone, pan-European venture firm Wellington and Silicon Valley’s Greylock Partners — all with an eye...
Early Twitter Product Head Anamitra Banerji Becomes An EIR At Foundation Capital
techcrunch.com
When Twitter shook up its product leadership in July, it let loose four Silicon Valley veterans into a talent-starved job market. While the three others have become a VC, a cofounder, and an engineering head, the last one left unaccounted for now has a new home. Anamitra Banerji has just...
How Notion will spend $100m on Euro cloud startups
gigaom.com
Good news for European cloud startups, as U.K.-based Notion Capital announced a $100 million fund for investing in software as a service companies across the continent. Started by Brits Stephen Chandler and Jos White, who sold their messaging security company Messagelabs to Symantec for around $700 million in 2008, Notion...
Exclusive: Japan's Rakuten Wins the Heart of Pinterest in $120M Funding Race With $1.5B Valuation
allthingsd.com
Rakuten, the largest e-commerce site in Japan, is expected to be the lead investor in the much-contested next round of funding for Silicon Valley’s hottest start-up, Pinterest. The funding is expected to be announced tomorrow morning. The Tokyo-based Internet giant will invest upwards of $50 million in a $120...
How Does Y Combinator Scale Y Combinator?
techcrunch.com
The startups that presented at Y Combinator’s Demo Day last week were remarkable in their own right, but perhaps the most striking thing was the sheer number of them. With 66 companies and 180 founders in this season’s batch, the auditorium at Mountain View’s Computer History Museum was practically bursting...
Google's Creative Destruction
www.fastcompany.com
Venture-capital firms have been the engine of the United States’ innovation economy. At Google Ventures, the search giant’s investing arm, Google thinks it can build a better one.Google Ventures managing partner Bill Maris in the future home of his Startup Lab, one of the keys to his investing strategy. |...
MarkaVIP Secures $10 million As The Middle East Takes Off
techcrunch.com
Online private sales burst onto the scene a few years ago in the shape of Vente Privee in Europe and, later, Gilt in the US. It’s a model we all know and love – and it’s rapidly proving a model with which emerging economies are, well, rather obsessed. I was...
Braemar closes $300M fund for energy tech
gigaom.com
At least one venture firm is still standing strong behind energy technology. Ten-year-old Braemar Energy Ventures announced on Wednesday that it has closed its latest third fund, of $300 million, to invest in energy technologies. Braemar starting raising this fund last year, which I reported on via an SEC filing...
Facebook Billionaire Peter Thiel Raises New Venture Fund To Invest In His "Utopia"
www.businessinsider.com
Peter Thiel raised a $32 million fund to invest in startups in... New Zealand, reports the WSJ. The reports say he "set up" or "opened a fund", but this is not technically true. As we reported more than a year ago, Thiel has been actively investing in New Zealand...
Fred Wilson: Don't Be Silly, Facebook's IPO Was Not A Disaster For Startups (FB)
www.businessinsider.com
Two of tech's most prominent early-stage investors look at the Facebook IPO in two different ways. Paul Graham, who runs Y-Combinator, the most important startup incubator, thinks the Facebook IPO mess will trickle back to the early stage of investment and cause all sorts of problems for startups looking for...
Google Ventures-Backed Location-Sharing Service EchoEcho Raises $750k From Bullpen, PROfounders
techcrunch.com
EchoEcho is one of the more useful location-based applications on the market today. Instead of focusing on check-ins and deals, the application simply makes it easy for you to find out where your friends are and lets you set up a meeting with them. Last September, EchoEcho raised $750,000 from...
DragonPlay secures $14 million to expand mobile gaming portfolio
thenextweb.com
DragonPlay has locked in a massive $14 million series A funding round from Accel Partners, a venture firm that was a very early investor in Facebook. Born in 2010, DragonPlay is a young company, but one that has made its mark on the mobile gaming space. It’s very popular Live Holdem Poker...
Enterprise Software Startups Make a Comeback
www.readwriteweb.com
After funding a boom in sketchy startups targeting heavily hyped consumer categories such as social media and mobile, smart venture capitalists are returning to their senses and investing in companies that emphasize solid fundamentals, like paying customers and profits. That’s why enterprise software companies are finally getting the attention -...
Should (And Will) Kleiner Perkins Settle Its Gender Discrimination Fight?
allthingsd.com
High-profile venture firm Kleiner Perkins Caufield & Byers faces off in San Francisco court later today against its partner Ellen Pao in what will be the first public face-off in one of the most closely watched stories of the past months in Silicon Valley. What to expect in court tomorrow...
Peter Thiel Launches Mithril: A New $402 Million Late-Stage Fund
techcrunch.com
Peter Thiel may be best known for his angel investments, most notably, his legendary call with Facebook. But now he’s got something for companies that sit just on the cusp between public and private markets. He’s launching a $402 million growth fund called Mithril for late-stage, privately-held companies. Yes, it’s...
Tech Companies Rejoice! IVP's New Jumbo Fund Totals $1 Billion.
allthingsd.com
Institutional Venture Partners (IVP) could be considered an old-timer in the world of venture investing, especially by today’s youthful Silicon Valley standards. At 32 years old, the venture firm has backed more than 300 companies and has witnessed 90 companies go public. Some of its better-known deals include comScore, Dropbox, HomeAway, Kayak, LivingSocial, Netflix,...
Exclusive: Code Advisors Takes a $25 Million Investment From J.P. Morgan
allthingsd.com
Code Advisors is getting a $25 million investment from financial services giant JPMorgan Chase for a minority stake in the Silicon Valley-based boutique investment bank and advisory firm. The influx of cash will allow Code to grow quicker, said Quincy Smith, one of the firm’s founders, which also include...
Exclusive: Sequoia Capital raising new funds
finance.fortune.cnn.com
Venture firm seeks at least $1 billion. FORTUNE — Sequoia Capital, the venture capital firm behind such companies as Google (GOOG) and and Yahoo (YHOO), is back in the fund-raising market, with a series of vehicles designed to raise at least $1 billion (in aggregate). My understanding is that one fund will...
VC Victor Hwang: How To Create The Next Silicon Valley
www.readwriteweb.com
As Managing Director of T2 Venture Capital, a Silicon Valley venture firm that helps build “innovation ecosystems” around the globe, Victor Hwang knows quite a lot about what it takes to create an environment where high-tech startups can grow and thrive. In fact, it’s the subject of his new...
Currency Cloud gets $3.1m to disrupt foreign exchange
gigaom.com
Little more than a week after announcing a partnership with foreign exchange service Transferwise, London financial startup The Currency Cloud has landed a £2 million ($3.1 million) round of funding to help it go global. The money comes from Notion, a new venture firm started by MessageLabs founders Jos White...
Ignite’s Brady Forrest to set sail for San Francisco with new job at Khosla Ventures
www.geekwire.com
Brady Forrest, formerly of O'Reilly Media, has taken a job with Khosla Ventures. (Photo by Red Box Pictures) Brady Forrest doesn’t want to lose his connections to the Pacific Northwest even though he just took a job with one of Silicon Valley’s best known venture capitalists. In fact, when I caught...
Open Source Darling GitHub Takes $100m In From VC King
www.wired.com
GitHub founder and CTO Tom Preston-Werner. Photo: Ariel Zambelich/Wired GitHub — the darling of the software development world that for so many years refused to take a dime of venture capital funding — is taking a serious helping of venture funding: $100 million, to be exact. The money is coming...
Vyclone, A Startup 2 Years In The Making, Launches With $2.7 Million From Ashton Kutcher, Live Nation And DreamWorks
www.businessinsider.com
Two years ago, British musician Joe Sumner approached his relative David King Lassman with an idea. He noticed on tour that a lot of fans took mobile videos during concerts. There'd be hundreds of videos on YouTube from a single event, but there was no way to connect them all....
Vyclone, A Startup 2 Years In The Making, Launches With $2.7 Million From Ashton Kutcher, Live Nation And DreamWorks
Valley clean energy innovation can prosper, it just takes awhile
gigaom.com
Two Silicon Valley-backed Bay Area companies appear to be the tech vendors behind Apple’s new sizable and pioneering clean power push at its massive data center in North Carolina. Last week it was revealed that solar panel maker SunPower will provide Apple with panels for a 20 MW solar farm,...
Venture Capitalist Mike Moritz Says He’s Stepping Back From Sequoia Capital Because of Illness
techcrunch.com
In very sad news, Mike Moritz, who has led top-tier venture firm Sequoia Capital through the very beginnings of the web until now, is stepping back because of an incurable disease. His firm has backed many of the homeruns of the last two decades including Google, Paypal and LinkedIn. Attached...
Meet Facebook's former fix-it man
tech.fortune.cnn.com
Jonathan Heiliger helped the social network avoid major meltdowns in its crucial early years. Now, he wants to help startups do the same. FORTUNE -- Late in 2006, Facebook almost melted down. Literally. With new users joining faster than anyone imagined, Facebooks' servers, packed in a couple of small cages...
Tealium lands a $10.5 million Series B to grow its enterprise tagging products
thenextweb.com
Today, enterprise-focused Tealium announced that it has raised a $10.5 million Series B round of funding from Battery Ventures. Battery’s Neeraj Agrawal will be joining its board of directions as part of the deal. Interestingly, Tealium raised its Series A round recently, in January of this year. That funding was a total of $1.1 million,...
Kleiner Perkins sued by female partner for sexual harassment and discrimination
venturebeat.com
Kleiner Perkins Caufield and Byers got hit with a sexual harassment and gender discrimination earlier this month, rocking a firm that has been known for bringing women into the venture capital industry. The complaint (below), filed May 10 in superior court in San Francisco, reads like a melodrama. Ellen...
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