Rejected by Sequoia, HRJ Capital roams abroad to invest
HRJ Capital, a Woodside, Calif.-based firm that invests money into other venture capital firms is trying to finish raising $250 million for its latest fund.
It is called a “fund of funds,” because it is a fund that carries interest in multiple other funds.
Fund of funds have had a more difficult time lately, since top-ranked venture firm Sequoia Capital decided to shut access to such investors, likely because it believes they don’t add much value.
The latest… Continue Reading
Yardbarker raises another “large” seed round, for sports news site
Yardbarker, an Emeryville, Calif. company that runs a site aggregating content from sports bloggers, has raised another seed round of capital.
Yardbarker lets users rank the sports news they like — which pushes the best news to the top. We first covered the company after its August launch (scroll down).
The company wouldn’t disclose the size of the round, saying only that it was a “large” seed round.
It has since compiled feedback and created a new release… Continue Reading