Venture Capital

Netscape Founder Marc Andreessen Outlines Plans For $300 Million VC Company

Authored by Jay Baage on July 6, 2009 - 9:22am.

Silicon Valley - Marc Andreessen and long-time business partner Ben Horowitz have raised $300 million in fresh capital to form a new venture capital company called “Andreessen Horowitz.” The focus of all investments will be “new” business model areas, including consumer internet, cloud computing and consumer electronics. The company will also invest in some B2B-plays, such as virtualization and cloud storage.

Bling Nation Lands $8M for Cell Phone Payment System

Authored by Jay Baage on July 2, 2009 - 7:11am.

Palo Alto - Bling Nation, a mobile payments infrastructure service, has raised $8 million in funding from Lightspeed Venture Partners, Meck and Camp Ventures. The money will be used to work with banks in local U.S. communities to set up the infrastructure required for its Redi Pay Bling mobile payments service.

Is Facebook Worth $6 Billion?

Authored by Jay Baage on April 30, 2009 - 9:17am.

Media6Degrees Gets $9 Million Funding From U.S. Venture Partners

Authored by Jay Baage on August 15, 2008 - 8:09am.

New York - Media6°, a provider of data and information and activity to marketers and advertisers from social networks, has raised $9 million in venture funding in a Series A round led by U.S. Venture Partners. The new funding comes in addition to seed funding from Contour Venture Partners, Coriolis Ventures, and a number of angel investors.

GumGum Gets $1.2 Million in Funding

Authored by Jay Baage on August 1, 2008 - 12:02pm.

Santa Monica, CA - Start-up web image analytics technology company GumGum announced on Friday that it has completed a first round of $1.2 million in funding from First Round Capital and Crosscut Ventures.

Mark Cuban on CEO Pay - Eliminate All Free Lottery Tickets

Authored by Mark Cuban on April 15, 2008 - 6:17am.
There is a game played by CEOs with the corporate issuance of lottery tickets. Otherwise known as stock. Stock can be issued in any number of ways, shapes or forms. Warrants, options, restricted or unrestricted stock. No matter what you call it, every CEO hired, is asking for equity knowing that their only goal is to hit the jackpot and create a pool of wealth that puts them in the "fuck you" wealth category. Thats enough money to buy or rent just about anything you can think of and put you in position to never have to work again. You just live off the cash in the bank.

Guy Kawasaki: The Art of Sucking Up

Authored by Guy Kawasaki on March 28, 2008 - 6:25am.

There is an art to sucking up. Done too blatantly it will backfire. Done too weakly, you won't get what you want. The perfect suck up contains the following elements:

  • Credibility. No matter how good your suck up, if you don't meet the requirements for placement, a job, an interview, whatever, it won't matter, so you need to show why you deserve what you're asking for.

VC investments in Internet Companies Goes Down in Second Quarter

Authored by Jay Baage on August 6, 2007 - 9:18am.
New York. Venture Capital investments in internet-specific companies amounted to $897 million (160 deals) in the second quarter, down from $1.4 billion (177 deals) in the first quarter. This is according to a new data from PricewaterhouseCoopers and the National Venture Capital Association, writes GigaOM.

Guy Kawasaki: Ten Questions with Jeffrey Pfeffer

Authored by Guy Kawasaki on July 13, 2007 - 3:19am.

Jeffrey Pfeffer is the Thomas D. Dee II Professor of Organizational Behavior at the Graduate School of Business, Stanford University. He is the author or co-author of twelve books. Dr. Pfeffer received his B.S. and M.S. degrees from Carnegie-Mellon University and his Ph.D. from Stanford.

FROG: Building a Not-For-Profit On the Very Cheap

Authored by Guy Kawasaki on June 18, 2007 - 9:13am.
In the spirit of the $12,107.09 startup, check out this blog on how some folks started FROG, an organization to help Guyana (no relation to me), on the very cheap. It includes a great list of free/cheap apps to use. Lots to admire and learn here.

Guy Kawasaki: How I built a Web 2.0, User-Generated Content, Citizen Journalism, Long-Tail, Social Media Site for $12K

Authored by Guy Kawasaki on June 4, 2007 - 2:36pm.

Because of Truemors, I’ve learned a lot about launching a company in these “Web 2.0” times. Here’s quick overview “by the numbers.”

Wireless CE Chipmaker Artimi Raises $26.5 Million

Authored by Mark Hefflinger on December 11, 2006 - 4:13pm.
Santa Clara, Calif. - Artimi, a developer of wireless semiconductors for portable consumer electronics, said on Monday that it has raised $26.5 million in its second round of funding, co-led by previous investors Accel Partners, Amadeus CapitalPartners and Index Ventures. Previous investor Oak Investment Partners and new investor Bank of Scotland Growth Equity also participated in the round, which increased the company's total backing to $45 million.

European TV Companies Soar on Game Shows, Digital Media and Eastern Europe

Authored by Jay Baage on July 27, 2006 - 8:48am.
Endemol Game ShowDutch and Swedish Television Companies Endemol and MTG, respectively, had very strong second quarters. Endemol stated that management "remain very confident about the full year results" and MTG stated that the company is "firmly on track to deliver our five year strategic objectives, and have enabled us to generate a 26% return on average capital employed over the past twelve months. "

EGT Raises $8.5 Million in Third Round of Venture Capital

Authored by Mark Hefflinger on February 27, 2006 - 10:36am.
Atlanta - EGT Inc., a provider of digital video equipment, has raised $8.5 million in its third round of venture capital, with participation from Noro-Moseley Partners, H.I.G. Capital, Sevin Rosen Funds and others. Founded in 2000, EGT offers equipment that allows cable, telco and satellite network operators the ability to deliver more television channels over their existing networks. The company said that it has experienced rapid growth through product deployments at some the largest operators in North America and around the world. The new financing will support operational growth and international expansion and will speed new product delivery for Internet protocol television, the company said.

Survey: Venture Capital Investing Increases Slightly in U.S. in 2005

Authored by Mark Hefflinger on January 24, 2006 - 9:55am.
Arlington, Va. - Venture capital investing increased slightly last year, with companies raising a total of $21.7 billion in 2,939 deals, according to the newly released MoneyTree Survey from PricewaterhouseCoopers, Thomson Venture Economics and the National Venture Capital Association. The $21.6 billion invested in 2004 had marked the first increase in venture capital investing after three straight years of declines. Investments in the fourth quarter were down slightly from the prior quarter. Locally, however, investments surged to $225 million in the quarter, up $16 million from the prior quarter, though well below totals from a year ago. For the year, DC-area companies raised $885.2 million, down 9% from 2004.

E Ink Receives Venture Capital from Intel

Authored by Mark Hefflinger on March 23, 2005 - 9:09am.
Cambridge, Mass. -- E Ink, a developer of electronic paper display technology, has raised an undisclosed amount of venture capital from Intel Capital, the microchip maker's investment arm. E Ink's products allow a new type of thin, flexible electronic display with a bright white background, and text and pictures similar to printed documents. Once updated, the display can maintain an image without using power, allowing over 90% power savings compared to traditional displays and greatly extending the battery life of portable devices, the company said. E Ink's products are used in electronic book devices, information kiosks, and advertising signage.

Report: Venture Capital Fundraising Expected to Increase in 2004

Authored by Mark Hefflinger on December 11, 2003 - 5:20am.
San Francisco -- Venture capital fundraising appears to be on the rise with 52% of venture capital firms worldwide planning to raise another fund before the end of 2004, according to the findings of the VentureOne/Ernst & Young Outlook Study. "VC activity in the most recent two quarters is showing signs of optimism after the downturn of the last three years," said Gil Forer, Global Venture Capital Advisory Group leader of Ernst & Young. "The larger U.S. funds we've spoken with are each planning to invest in 10-15 new deals in 2004."

Friendster Online Community Site Raises $13 Million in Venture Capital

Authored by Mark Hefflinger on November 6, 2003 - 8:12am.
Sunnyvale, Calif. -- Friendster, an online community network that links friends and friends of friends for dating and general networking purposes, has raised $13 million in new financing. A spokeswoman for Benchmark Capital confirmed that the venture capital firm co-led the round along with Kleiner, Perkins, Caulfield & Byers; Battery Ventures also participated. Founded in 2002 by Silicon Valley entrepreneur Jonathan Abrams, the site now boasts nearly two million members for its service, which is currently free to use. The San Jose Mercury News recently reported that Friendster had turned down a $30 million acquisition offer from search engine giant Google, which it said was less than the reported $53 million valuation set by Benchmark and Kleiner Perkins.

Venture Capital Investments In 2002 At Lowest Level Since 1981

Authored by Mark Hefflinger on February 12, 2003 - 3:26am.
Arlington, Va. -- With a net fund-raising total of $1.9 billion, the amount of venture capital investments in 2002 dropped 95 percent from 2001 and saw their lowest levels since 1981, according to data compiled by Thomson Venture Economics for the National Venture Capital Association. The report shows 108 venture capital funds raised $6.9 billion during 2002; however, 26 funds refunded a total of $5 billion to investors, making for a net total of $1.9 billion. By contrast, 2001 saw net total investments of $40.7 billion, while during the year 2000, when dot-com investments saw their peak, the net total reached $107 billion.