cash

Startups, focus on your next round now

An analyst at an early stage VC firm gives some advice on how young companies can avoid struggling to raise the next round because they did not have the resources (money) to create enough assets to attract the next investor.

Sonos Playbar 1

Sonos does a $130M secondary equity sale (update)

Update 12/3/2014: Sonos initially declined to comment about the Form D, but later clarified to say that the $130 million was done as a secondary equity sale — not a new funding round as initially reported. “The funding is just a secondary round strictly raised as a part of our ongoing liquidity program for employees not a new round of capital,” a Sonos spokesperson told VentureBeat.

control key

5 founder-friendly financing terms that give power to entrepreneurs

For many startups, the hot venture-capital and exit markets mean an increase in deal leverage when negotiating with venture investors. As a result, founder-favorable terms are increasingly a part of formation and financing documents where they wouldn’t have been just a year or two ago.

money

Social network Snowball Finance raises $40M from Renren and others

Snowball Finance (Xueqiu in Chinese), the Chinese finance-focused social media site, announced that the company has raised $40 million in Series C funding led by Renren Inc. and joined by existing investor MorningSide Ventures. The company raised a Series A funding of US$10 million last year, and $3.2 million in 2011.