Presents for social gifting service Wrapp: $5M more funding, Reid Hoffman joins board

Who says gift cards aren’t cool? After landing $5.5 million in a first round of funding last November, social gifting service Wrapp, which lets you easily send gift cards to friends through Facebook, today announced that it’s received an additional $5 million for the round led by Greylock Partners and international VC firm Atomico.

Edmodo wants to be the cloud leader in EdTech, raises $15M more

Edmodo, a social network for education, stands poised to benefit tremendously from the great shifts taking place in educational delivery. The company announced today that it raised $15 million from  Greylock Partners and Benchmark Capital. Greylock partner and LinkedIn co-founder Reid Hoffman, and Benchmark Capital general partner Matt Cohler also joined Edmodo’s board.

Reid Hoffman’s entrepreneurial rules of thumb

As the co-founder of popular business social network LinkedIn, Reid Hoffman knows a thing or two about successfully launching a startup. In this Entrepreneur Thought Leader Lecture given at Stanford University, he details the rules he has historically used when creating a venture: Look for disruptive change, aim high, build a network around your company, plan for good and bad luck and maintain flexible persistence. Most importantly, he says, remember these rules are just rules of thumb by which you navigate – they’re not carved in stone.