Elevation Partners makes it official: Marc Bodnick resigns

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.

Facebook’s Mark Zuckerberg now worth more than Steve Jobs

The annual Forbes 400, which attempts to measure and rank the richest Americans in terms of their net-worth, came out today with a big surprise: Facebook’s Mark Zuckerberg, who has been the world’s youngest billionaire to date, is now worth more than Apple’s Steve Jobs.

Andreessen Horowitz hitting up investors for a cool $650 million: report

It’s unseasonably warm in San Francisco. But is top Valley investor Marc Andreessen planning for winter? PEHub’s Dan Primack reports that Andreessen’s venture-capital firm, Andreessen Horowitz, is raising a $650 million fund, little more than a year after it raised its first $300 million fund.

The credit crunch: A capital bypass for life sciences?

Over at VentureBeat proper, Matt highlights a theory advanced by venture capitalist Keith Benjamin, who argues that the credit crunch now threatening the private-equity boom may have the unexpected effect of boosting returns in technology investments. (Keith puts this all down in his own words on his personal blog and in this contributed piece at VentureBeat.)

Galen Partners closes $250M healthcare fund

Galen Partners, a Stamford, Conn., private-equity firm that concentrates solely on the healthcare industry, closed a $250 million fund, its fifth. The fund will focus on healthcare IT, medical devices and specialty pharmaceuticals.