Sarah's Feed
Mar 28, 2012

Facebook halts secondary market trading, plans for May IPO

SAN FRANCISCO (Reuters) – Social-networking site Facebook is halting the sale of its shares on secondary markets effective next week as the company prepares to hold its initial public offering in May, according to a person familiar with the matter.

Facebook recently asked firms that arrange trading of its privately held shares to stop doing so, a move intended to reduce churn in its valuation that could complicate matters as it sets an IPO price, according to another person familiar with the matter.

Mar 26, 2012

Big venture firm raises the networking stakes

SAN FRANCISCO (Reuters) – Andreessen Horowitz, a three-year-old venture capital firm, has made a big mark in Silicon Valley partly through the sheer scale of its endeavors, with big funds totaling some $2.7 billion and big investments in high-profile companies including Facebook, Twitter, Zynga and Groupon.

Now it is aiming to go big with another aspect of venture investing, one it says has often been more talk than action: providing start-up companies with business connections that can help them succeed.

Mar 23, 2012
via MediaFile

VC Bessemer discovers Internets, mulls duck mascot

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An Onion-style take on the standard press release from Bessemer. Don’t be fooled by their Luddite posturing– these guys have invested in plenty of high-tech companies, including Skype and LinkedIn.

OLD VC FIRM FINALLY UPDATES OLD WEB SITE
Asks People Not to Visit Until They’re Sure It Works

Mar 21, 2012

Zynga buys OMGPOP games company for $200 mln: source

By Sarah McBride and Liana B. Baker

(Reuters) – Zynga Inc is buying OMGPOP, maker of the popular video game “Draw Something” for about $200 million in its biggest acquisition to date as the company moves to expand its lineup of games on mobile devices and Facebook.

A source familiar with the matter told Reuters that Zynga bought the New York-based company for $200 million. The company declined to comment on the deal’s financials or say whether it was accretive on a conference call on Wednesday.

Mar 21, 2012

Zynga acquires OMGPOP games company for $200 mln – source

March 21 (Reuters) – Zynga Inc is buying OMGPOP,
maker of the popular video game “Draw Something” for about $200
million in its biggest acquisition to date as the company moves
to expand its lineup of games on mobile devices and Facebook.

A source familiar with the matter told Reuters that Zynga
bought the New York-based company for $200 million. The company
declined to comment on the deal’s financials or say whether it
was accretive on a conference call on Wednesday.

Mar 12, 2012

Start-ups navigate the clutter at SXSW tech show

SAN FRANCISCO, March 12 (Reuters) – Venture
capitalists have some insights for startup entrepreneurs trying
to break out at Austin’s South By Southwest Interactive trade
show, a mecca for the technorati that runs through Tuesday.

“It has become challenging to break out at SXSW because
there’s so many great startups competing for the attention of
thought leaders here,” said Kleiner Perkins Caufield Byers
partner Chi-Hua Chien.

Mar 12, 2012

Start-ups try to cut through the clutter at SXSW tech show

SAN FRANCISCO (Reuters) – Venture capitalists have some insights for startup entrepreneurs trying to break out at Austin’s South By Southwest Interactive, a mecca for the technorati that runs through Tuesday.

“It has become challenging to break out at SXSW because there’s so many great startups competing for the attention of thought leaders here,” said Kleiner Perkins Caufield Bowers partner Chi-Hua Chien.

Feb 21, 2012

Silicon Valley: The rise of the adolescent CEOs

SAN FRANCISCO, Feb 21 (Reuters) – Josh Buckley, chief
executive of an online gaming start-up, is looking forward to
next month’s Game Developers Conference in San Francisco,
particularly for the parties and the accompanying schmoozing
with industry A-listers.

There’s one problem: Buckley, who will turn 20 this week on
Feb. 22, may be turned away from many of the parties because he
is not old enough to drink. His fake ID was recently
confiscated, and the two new ones he ordered from a company in
China have not yet arrived.

Feb 17, 2012

Venture capital sees big returns in big data

SAN FRANCISCO, Feb 17 (Reuters) – When Jason Goldberg
set out to raise a new round of funding for his flash sales site
Fab.com, he dispensed with the usual PowerPoint presentations
and instead gave potential investors a look at the crown jewels:
the “dashboard” of real-time analytics that can instantly spot
trends and enable the site to tweak its offerings on the fly.

The company soon closed a $40 million round of funding from
blue-chip venture capitalists including Andreessen Horowitz.

Feb 7, 2012
via MediaFile

Fast Cash: Accel invests $ 30 million in Capital Access Network

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Shelling out cash to small businesses that need it fast– or just don’t qualify for bank loans– has become a $600 million annual business for New York-based Capital Access Network. Now, Accel Partners is betting $30 million that the combination of risk-averse banks and cash-starved businesses will help CAN grow even bigger.

CAN offers small and medium businesses cash advances and loans based on its proprietary scoring system, where factors like how fast a business is growing count a lot more than collateral or the business owner’s credit score.