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.
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.
SAN FRANCISCO, Feb 3 (Reuters) – It’s the year’s
hottest initial public offering, but some wealth managers find
themselves having a hard time recommending Facebook to their
The world’s biggest social network is expected to seek a $75
billion to $100 billion valuation in its IPO, the most
anticipated stock offering from Silicon Valley since Google Inc
(GOOG.O: Quote, Profile, Research) went public in 2004.
SAN FRANCISCO (Reuters) – It’s the year’s hottest initial public offering, but some wealth managers find themselves having a hard time recommending Facebook to their clients.
The world’s biggest social network is expected to seek a $75 billion to $100 billion valuation in its IPO, the most anticipated stock offering from Silicon Valley since Google Inc went public in 2004.
(Reuters) – Just about everyone in Silicon Valley has dreamed of striking it rich with a well-timed investment.
Here are the people and institutions that will benefit the most from Facebook’s initial public offering, assuming a $100 billion valuation for the world’s largest online social network. Some of the percentages below may change due to factors such as what options are exercised and when.
SAN FRANCISCO (Reuters) – Facebook took the first step toward public markets in the year’s most highly anticipated IPO, which could catapult co-founder Mark Zuckerberg into sixth place among the world’s richest people.
The world’s largest social network, a dorm room project for Harvard dropout Mark Zuckerberg that exploded in popularity and vaulted to Silicon Valley’s top tier within 8 years, is expected to make its market debut in the middle of the year. It could raise much more than the $5 billion initially targeted, and value Facebook at up to $100 billion.
Just a few months after lining up $33 million in funding for his enterprise-software start-up Domo, Omniture founder Josh James has raised another $20 million, this time from Institutional Venture Partners.
“This is a pretty straightforward investment thesis,” said IVP general partner Todd Chaffee. “It’s called Josh James.” Chaffee invested in web-analytics business Omniture, which James sold to Adobe Systems for $1.8 billion in 2009, so he is familiar with James’s drive.
SAN FRANCISCO (Reuters) – Venture capital fund Andreessen Horowitz raised $1.5 billion for a new fund, bringing the firm’s assets under management to $2.7 billion and cementing the firm’s position among the venture-capital elite.
“It’s a very opportunity-rich environment right now,” said Marc Andreessen, the firm’s co-founder, who said the firm planned to stick to its strategy of investing in companies with the potential to upend an industry, often around the software theme, which he sees playing out for some time.
Scheduling a doctor’s appointment online beats dealing with hold times and back-and-forth on the phone, but it also delivers an important social benefit, argues ZocDoc co-founder and CEO Cyrus Massoumi.
Here’s how: in coming years, the U.S. will likely have a significant shortfall of doctors– perhaps 125,000 fewer than needed by 2025, estimates the Association of American Medical Colleges, one of several agencies predicting a shortage. Already, wait times to see doctors can range into the months for some specialties or areas of the country.
SAN FRANCISCO (Reuters) – The crackdown on file-sharing site Megaupload is expected to do little to reduce overall piracy of music, software and Hollywood movies, while potentially stifling emerging means of distributing content online.
In the wake of last week’s surprising indictment of the digital storage company and seven executives, other companies have begun changing their policies even as Megaupload officers maintained their innocence in a first court appearance in New Zealand.