Caught up? Here’s everything from Blekko, Dash’s price, to Android sighting
The holiday break felt especially long this time, so here’s a longer roundup than usual — of everything you may have missed over the last few days:
Ebay’s Kijiji tries to tar Craiglist’s reputation — The NYT has a story about Kijiji, a competitor to online classifieds company Craigslist. The remarkable thing about the story is that it lets Kijiji executives associate Craigslist with offers of “sadomasochistic encounters and prostitutes,” without some sort of response from Craiglist…. Continue Reading
Death by board meeting
[Editor's note: This is an op-ed piece by Nick Sturiale, a partner at the venture capital firm Sevin Rosen Funds. Among his investments was Xensource, the company recently acquired by Citrix.]
Across Silicon Valley, a crucial gathering occurs dozens of times every day: the venture-backed startup board meeting.
Drive past office buildings on highways 101 or 280 on weekdays, and you can almost feel the nervous energy radiating from corner conference rooms.
It’s a solemn convention where investors… Continue Reading
Citrix acquires XenSource for $500M, in virtualization frenzy
Updated below
Citrix Systems is acquiring XenSource, an open-source “virtualization” company that lets multiple operating systems operate on a single server, reducing costs.
The price, at $500 million, is a whopping return for Palo Alto Calif.’s XenSource, which formed less than three years ago, and raised $40 million in financing. The company was spun out of Cambridge University effort. It competes directly with VMware, the hot industry leader that went public yesterday with tremendous interest from investors.
The… Continue Reading
YouSendIt raises $10M for file delivery service for professionals
YouSendIt, a Mountain View, Calif. service that lets professionals deliver large files over the Internet, said it has raised $10 million in a second round of venture capital financing.
The funding comes at a time when dozens of companies are helping speed up the delivery of files in multiple ways. “There are a zillion of them,” said Nick Sturiale, an investor with Seven Rosen Funds, which provided the funding, along with Sigma Partners, which led the… Continue Reading
Departures begin at Sevin Rosen, Nick Sturiale out of the door?
Sevin Rosen Fund General Partner Nick Sturiale is actively looking for a new job and has interviewed with at least one other Silicon Valley venture firm, reports PE Week.
This comes as no surprise. Sevin Rosen announced last year that it would pass on raising a new fund for fresh investments and so younger partners like Sturiale will need to find a home. We’ve contacted Sturiale several times over the past months, but he has always… Continue Reading