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.
While Bodnick hasn’t commented on his plans, he’s widely understood to be joining Quora, a highly valued question-and-answer startup founded by former Facebook employees, in an unspecified role.
Elevation cofounder Roger McNamee made the following statement:
“Marc has made the decision to leave Elevation to pursue new opportunities. … Continue Reading
Superstar Marc Bodnick leaving Yelp, Facebook investor Elevation Partners
One of the most-watched private-equity partnerships in Silicon Valley is coming apart.
Marc Bodnick, a cofounder of Elevation Partners, is planning to leave, according to a source close to the firm.
His departure could threaten Elevation’s plans to raise a second fund, which have been on hold as the firm has struggled to convince investors it can recapture its early magic.
Elevation Partners, formed in 2003, brought together a literal rock star — Bono of … Continue Reading
E-recruiter RealMatch scores $4.7M in funding and a Monster CEO
E-recruiting company RealMatch scored two major coups Monday, swooping up $4.7 million in second round venture capital funding, and a new CEO who was previously a senior vice president at rival Monster.com.
The Israeli recruitment ad network has made a name for itself by only charging employers if they find candidates they like on the site. Otherwise, employers can list jobs for free across a platform that includes close to 2,000 partners reaching over 40 … Continue Reading
Offers.com nabs $7M in first-round funding as online coupon sites battle
Discount deal site Offers.com said today it has closed first-round funding of $7 million as it seeks to add more staff and take on an already-crowded online coupon marketplace.
Unlike the spate of online deal site fundings we’ve seen over the last two weeks, Offers.com focuses less on “deal of the day” social or luxury buying, and more on customer-specific coupons for Main Street-type retailers like JCPenney, Kmart and the Home Depot.
Offers.com does this … Continue Reading
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.
Zuckerberg, 26, who owns and controls approximately one-fourth of Facebook, is valued at $6.9 billion this year — a whopping rise of $4.9 billion from last year — putting him … Continue Reading
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.
Andreessen’s timing is excellent. His firm beat fierce rivals and would-be acquirers to back Foursquare, the fast-growing location-based service, in a $20 million round. Another portfolio company, Skype, just filed … Continue Reading
Venture capital fundraising up 41% in Q1, trumping private equity
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.
Andreessen’s timing is excellent. His firm beat fierce rivals and would-be acquirers to back Foursquare, the fast-growing location-based service, in a $20 million round. Another portfolio company, Skype, just filed … Continue Reading
Cratering VC funding for biotech: Still plenty bad, although not what it originally seemed
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.
Andreessen’s timing is excellent. His firm beat fierce rivals and would-be acquirers to back Foursquare, the fast-growing location-based service, in a $20 million round. Another portfolio company, Skype, just filed … Continue Reading
Biotech's dirty little secret: VCs are heading for the hills — fast
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.
Andreessen’s timing is excellent. His firm beat fierce rivals and would-be acquirers to back Foursquare, the fast-growing location-based service, in a $20 million round. Another portfolio company, Skype, just filed … Continue Reading
The credit crunch: A capital bypass for life sciences?
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.
Andreessen’s timing is excellent. His firm beat fierce rivals and would-be acquirers to back Foursquare, the fast-growing location-based service, in a $20 million round. Another portfolio company, Skype, just filed … Continue Reading
Galen Partners closes $250M healthcare fund
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.
Andreessen’s timing is excellent. His firm beat fierce rivals and would-be acquirers to back Foursquare, the fast-growing location-based service, in a $20 million round. Another portfolio company, Skype, just filed … Continue Reading
The private equity bubble
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.
Andreessen’s timing is excellent. His firm beat fierce rivals and would-be acquirers to back Foursquare, the fast-growing location-based service, in a $20 million round. Another portfolio company, Skype, just filed … Continue Reading
Dan Primack launches PEHub, a private equity blog and forum
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.
Andreessen’s timing is excellent. His firm beat fierce rivals and would-be acquirers to back Foursquare, the fast-growing location-based service, in a $20 million round. Another portfolio company, Skype, just filed … Continue Reading
Unprecedented amount of money searching for home
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.
Andreessen’s timing is excellent. His firm beat fierce rivals and would-be acquirers to back Foursquare, the fast-growing location-based service, in a $20 million round. Another portfolio company, Skype, just filed … Continue Reading
