Prosper powers a peer-to-peer marketplace that connects people who need to borrow money with people who can lend it to them. This brings its total capital raised to nearly $120 million.
Sanjit Biswas sold Meraki to Cisco for $1.2 billion last year, and primary investor Sequoia Capital made $400 million off that sale. Partner Doug Leone and Biswas dicussed their relationship at Disrupt.
A sweet and boozy taste of today’s funding stories, with a distinctively Asian flavor.
A marriage between Silicon Valley and Hollywood talent led to the birth last month of a video start-up Funny or Die. What took YouTube to do in six months, Funny or Die did in six days.