Funding Daily: VC helping hands lead to startup happy feet

Good thing we start happy hour late here at VentureBeat, or we would have missed Fab.com’s big news yesterday afternoon. In other $100+ announcements, Penguin took an independent, self-publishing platform under its wing, and Microsoft and Yammer sealed the deal. If its under $100 million, does it still count as news? Yes! So keep on reading for what happened today, above and below the $100 million threshold.

social-software

The enterprise-social market leader no one’s talking about

Pop quiz: Name a company that competes in the enterprise social software market with the likes of Jive and Yammer but is far bigger than either of those two solutions, with over 100 million people using it worldwide, including millions with the United Nations, more millions at the U.S. Department of Education, and hundreds of thousands at Texaco.

buy-now

Microsoft said to be buying Yammer

Microsoft is deep into the process of buying business social network provider Yammer, according to internal sources and conversations “overheard at the Creamery,” a cafe near Yammer’s office.

five deals

5 tech deals that need to happen

Facebook’s $1 billion purchase of Instagram was the topic on everyone’s lips at Mega Startup Weekend last Saturday and Sunday. The world’s most expensive “Like” has clearly gotten tech entrepreneurs buzzing about who will be next. While there’s no way to know which big deal will be next, here are five tech deals that make sense and need to happen:

Yammer CEO says he won’t hire anyone from Yahoo who doesn’t quit in next 60 days

David Sacks, the CEO of Yammer, is pissed. Last month he was hit with his first lawsuit from a patent troll. So when he saw that Yahoo was going after Facebook for patent infringement, he drew a line in the sand (well, on Twitter to be precise): “I’m declaring it: Yammer will never hire another former Yahoo employee who doesn’t leave in the next 60 days. Who will join me? #stopyahoo”

launch

Two new tools make sure your employees’ opinions are heard

People used to give their employers feedback by shoving slips of paper into wooden suggestion boxes. Technology has moved those suggestions boxes online where employees can more effectively have their voices heard. Happiily and 15Five are two new employee-feedback services that were introduced Thursday at the Launch Conference in San Francisco.