My buddy at Redfin, Glenn Kelman, decided he wanted to bare his financial soul so that other entrepreneurs could get greater insight into the witchcraft called financial modeling. In this two-part posting, he reveals his numbers and his lessons. They are eye-opening for most entrepreneurs.

At the Elite Retreat I gave an off-the-cuff answer to a question concerning getting the attention of venture capitalists. My buddy Wendy Piersall blogged about my answer, and it was a very popular. However, to truly help entrepreneurs, I’d like to provide a cogent list of the tips to get the attention of a venture capitalist.

New York - Sportsvite, an online social network for recreational athletes, teams and leagues, announced on Friday that it has raised $2 million in its first round of venture capital financing, from Grace Drive Management.

Cambridge, Mass. - PatientsLikeMe, a provider of online social networking services for patients with serious diseases, has raised $5 million in its first round of venture capital, VentureWire reported on Monday.

San Francisco - Vizu, a developer of online polling technology for publishers, announced that it has raised $2.9 million in a new round of financing, led by Draper Fisher Jurvetson.

New York - Broadband entertainment site Heavy.com announced on Monday that it has raised $20 million in a new round of financing, from Polaris Venture Partners.