Here’s the latest action:
Bezos, Dell and Drew Carey (?!) back health care startup: The Amazon.com and Dell founders, along with the comedian, are investing in a Seattle-based Qliance Medical Management, which tries to deliver affordable quality primary care by eliminating insurance companies. The company said it raised $6 million today.
Angel investing heats up: As the traditional venture capital industry still suffers from bloated funds raised a decade ago amid the tech bubble, early-stage investing is becoming rather frothy, reports GigaOm. Googler Aydin Senkut and PayPal mafia members Max Levchin and Keith Rabois say they’ve made several deals this quarter alone compared to the frosty market during the economic crisis.
Speaking of which, a Harvard Business School study shows angel funded companies do better than purely venture-backed ones: Companies with angel funding see between 30 and 50 percent higher growth in web traffic and are more likely to survive for four years, William Kerr and Josh Lerner find.
Cisco’s Smart Grid team grabs Paul De Martini as chief technology officer: De Martini comes from Southern California Edison, where he was vice president of advanced technology.
Time Warner’s big booboo: Ted Turner said the company’s executive team sold a 5 percent stake in Google 10 years ago. Oops. Turner said, “I said to Dick Parsons, ‘Dick, I think we ought to hang onto that Google stock.’ That was 10 years ago. He said that company is a bunch of bullshit.”
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