When VentureBeat first reported on Silicon Valley investor Marc Bodnick’s departure from Elevation Partners, the private-equity firm he cofounded, I noted his enthusiasm for Quora, the online question-and-answer community founded by Charlie Cheever and Adam D’Angelo, two early Facebook employees.
Inbox “un-clutterer” NudgeMail now has tens of thousands of users within the first three months of its launch, with a significant gain this week that CEO Jeremy Toeman told VentureBeat is likely due to the startup’s recently announced integration with Google’s much-used Google Calendar.
Today’s funding announcements include online networks for shopping and task management:
Venture Capitalists are increasingly optimistic about the immediate future of investing in Silicon Valley. Their confidence registered 3.75 on a 5 point scale, with 5 indicating high confidence and 1 indicating low confidence, according to the quarterly Silicon Valley Venture Capitalist Confidence Index released today.
It’s official: Elevation Partners has announced the resignation of Marc Bodnick from the high-profile private-equity firm, just a couple days after VentureBeat first reported his impending departure.
For the past half-decade, a gang of well-connected entrepreneurs who worked together at online-payments startup PayPal have quietly built a string of successful Internet companies. At last, with Linkedin, public-market investors can get a piece of the action.
Shares of Amazon.com were down almost 10 percent in extended trading after the company posted less-than-stellar earnings for its most recent operating quarter.
Microsoft isn’t all about Windows: Some serious growth in its entertainment and business divisions helped spur Microsoft to a strong finish in the second quarter of its 2011 fiscal year, with revenue up 5 percent.
Philadelphia-based startup accelerator DreamIt Ventures recently announced plans to open an office in New York City. Now it’s revealed who’s going to be running it — entrepreneur and investor Mark Wachen.
Today’s funding announcements include two startups geared toward parents:
Who says the IPO market is anemic?
Concerns about the readiness of its CEO and a shaky market have Skype, the iconic Internet voice-chat service, saying it won’t hold its much-awaited initial public offering until the second half of the year, according to a report in the Wall Street Journal today. Skype’s IPO has been hotly anticipated since before it filed to sell $100 million shares to the public last August.
CardMunch, a startup that automatically transcribes business cards, just announced that it has been acquired by professional networking site LinkedIn.
Social media marketing service Crowd Factory announced today that it has raised $6.5 million in its second round of fundraising led by Storm Ventures.
Smaato, a company that helps mobile publishers find the most lucrative ads across multiple networks, just raised $7 million as it prepares to expand its efforts in Southeast Asia.
Perennially successful tech investor Sequoia Capital is once again setting its sights on Silicon Valley, having raised at least $1.3 billion for a new fund that will zero in on up-and-coming startups, according to a filing released today by the U.S. Securities and Exchange Commission.
One of the most-watched private-equity partnerships in Silicon Valley is coming apart.
New career network resu.me launched today, saying it aims to be the “LinkedIn killer” for Generation Z users looking to find their dream job faster and easier, founder Karthik Manimaran told VentureBeat exclusively.
Search behemoth Google is back on the prowl again, today snapping up microblogging Twitter recommendation service Fflick for around $10 million, the companies confirmed this morning, one being an unnamed source at Google.
Travel startup NileGuide just announced that it has acquired a site called 10Best, a move that chief executive Josh Steinitz says makes the San Francisco startup “one of, if not the, largest travel content publishers” online.
Movies based on Green Lantern, Thor, Captain America, and the X-Men are all due out this year, but it looks like Hollywood executives aren’t the only investors taking a close look at comic books. Graphicly, a startup behind an application for buying and reading digital comics, just announced that it has raised $3 million in its first round of institutional funding.
Hewlett-Packard is reshaping its policies on giving away money to nonprofit causes. Now the company will not just give away money. It will also donate the expertise of its employees to build solutions for nonprofits.
Despite the hoopla about how everything on the Web is becoming increasingly social, BlipSnips chief executive John Bliss said that online video remains a remarkably un-social experience — and that’s a problem BlipSnips is trying to solve.
Virtualization software provider VMware posted strong fourth quarter and yearly results, but a trimmed outlook from the company indicates that enterprise spending could be weaker in 2011 now that pent-up demand for software and hardware that grew during the economic recession is mostly sated.
Venture capitalists came raging back in 2010, putting $26.2 billion into 2,799 venture deals, a spike of 11 percent from 2009 and a major sign that formerly wary VCs have begun to come off the sidelines, according to a study by Dow Jones VentureSource released today.
Earlier today PostUp, a service that claims to aggregates the “world’s best tweeters” announced that it has acquired Twitter iPhone and Blackberry client UberTwitter. In that same announcement, the company changed its name to UberMedia, the company’s third name, as it originally called itself TweetUp.
Facebook announced today that its widely-reported deal with Goldman Sachs, which values the company at $50 billion, has closed. The funding included $500 million raised from Goldman and previous investor Digital Sky Technologies in December, as well as another $1 billion raised from Goldman clients outside the United States.
Zynga, creator of the hit games FarmVille and CityVille, has acquired the indie game studio Area/Code for an undisclosed price.
Today’s funding announcements include two companies focused on the customers:
Venture capitalists invested the most money last year since 2007, pumping $21.8 billion into 3,277 deals in 2010, according to a MoneyTree Report released today by PricewaterhouseCoopers and the National Venture Capital Association.
Yahoo7, the Australian subsidiary of search giant Yahoo, has jumped into the group-buying fray and snapped up Aussie deal site Spreets for $40 million, the companies said today.
Enterprise cloud storage provider Box.net is launching a new version of its software that includes a front-facing interface built from scratch and additional mobile features, the company announced today.
Qwiki, a startup that describes itself as delivering a new “information experience,” just announced that it has raised $8 million in its first institutional round of funding.
Expect to hear the somewhat disturbing term “electrowetting” thrown around over the next few years. Samsung announced yesterday that it completed its buyout of Liquavista, a company focused on next-generation electrowetting display technology, last month.
Amazon today announced that it has acquired LoveFilm, Europe’s leading movie subscription service, for an undisclosed sum, but a figure of around $200 million is being bandied around. Amazon already owned 42 percent of Lovefilm. The LoveFilm service and website will remain live, but no other details of Amazon’s plans for the service have been released.
Today’s funding announcements include free services for asking questions, talking to friends and meeting new people:
If you’re running a startup, you probably have to wrestle with plenty of legal questions, but hiring a law firm may be beyond your budget. That’s why a startup called LawPivot offers entrepreneurs a place where they can get their questions answered confidentially and for free (at least for now).
eBay’s chief executive John Donahoe has a plan to turn his company around — and it looks like it’s working.