Fundraising

Apple Introduces 8GB Special Edition RED iPod nano

Authored by Mark Hefflinger on November 3, 2006 - 1:12pm.

Cupertino, Calif. - Apple on Friday introduced an 8GB model of its iPod nano (PRODUCT) RED Special Edition. Apple will donate $10 from the sale of both the 8GB and 4GB models -- which feature a red aluminum enclosure -- to the Global Fund to help fight HIV/AIDS in Africa.

MySpace Organizes Rock for Darfur Campaign, Benefit Concerts

Authored by Mark Hefflinger on October 10, 2006 - 4:49pm.

Los Angeles - News Corporation's MySpace online social network announced on Tuesday that it has partnered with international relief organization Oxfam on "Rock for Darfur," its largest philanthropic program to date that will raise awareness and funds for the humanitarian crisis in the Sudan. The online campaign includes a public service announcement featuring actor Samuel L. Jackson, video from actor George Clooney's recent trip to Darfur, and opportunities to buy campaign t-shirts and contribute to Oxfam. MySpace is also organizing more than 20 individual Rock for Darfur benefit concerts, enabling bands to contribute proceeds from already-scheduled shows to the campaign. Artists participating in the Oct. 21 concerts across North America include Alice in Chains, Ziggy Marley, TV on the Radio, Secret Machines, Insane Clown Posse, Gov't Mule and Bob Weir & Ratdog.

U.S. Venture Capital Fundraising Grows 16% in Third Quarter

Authored by Mark Hefflinger on November 2, 2005 - 4:05am.

San Francisco - U.S. venture-capital fund raising grew 16% in the third quarter, compared with the previous year, according to new statistics from Dow Jones's VentureOne. All told, venture capital firms completed 27 funds worth $5.91 billion. Though the number of funds was about the same as a year ago, their average size grew considerably, continuing a recent trend. For instance, more than 30% of the funds that have closed so far this year have been in the $250-$499 million range, up from 20% of funds from last year. Another 5% are between $500-$999 million -- the most funds of that size completed since 2001. "Despite the larger funds, fund raising, of course, has yet to match the levels raised during the 1998 to 2001 timeframe," said John Gabbert, the vice president of worldwide research at VentureOne. "But we are seeing that the venture-capital industry has reached a level of sustainability, with venture investors closing funds at a close pace to the level they are investing."

tags: U.S | Venture | Fundraising | Third Quarter |