Find out the latest after the weekend with news about Silicon Valley; Chinese conglomerate Fosun’s $1bn dream; a look at who’s who in tech and biotech and what Tumblr’s sale means for New York start-ups.
Ten Hot Stories: LPs Talk Tough to VCs, ‘First Close’ Gets More Elusive, Twitter’s Costolo Talks VCs and Burritos
Trending on peHUB this week: disgruntled LPs, Twitter, Dick Costolo, Marc Andreessen, TPG, Quintiles, Northern Tier, Apollo, Blackstone, NYSTRS, Grotech Ventures, LBO returns and CTI Foods
Shares of Tableau Software soared nearly 64% Friday, promising a massive return for venture backers New Enterprise Associates and Meritech Capital Partners.
Just since April, notable firms such as Andreessen Horowitz, Founders Fund, Google Ventures and Union Square Ventures have invested $9 million in three bitcoin-related companies: BitPay, CoinBase and OpenCoin.
To start your Friday, we have news on Yahoo’s talks to buy Tumblr, health care costs tumble and Biz Stone’s new startup.
A first close can be a very happy milestone for those on the fundraising trail. Unfortunately, the first close is also becoming more elusive, according to new findings from the private equity data provider Preqin.
Atlas Venture collected $265 million for its most recent fund, a source tells peHUB. The VC announced Thursday that Amgen Ventures and Novartis are new LPs of fund IX.
A new comedy series about Silicon Valley written by Mike Judge was just picked up by HBO. It’s looking likely that Groupon won’t have a new CEO until next year. And 23andMe gene analysis shows this week’s NVCA conference attendees have a higher-than-average chance of going bald. And so much more!
Vista Equity Partners is out raising its second Foundation Fund, according to an SEC filing and a placement source.
SAP Ventures has more than doubled the size of its HANA fund of fund and expects to shortly close a second venture capital fund larger than its first. The dual moves represent a substantial expansion of its venture activities.
This Thursday morning First Read brings you links to the most popular American brands in China, Blackstone’s bargain bucket of shares and some early stage entrepreneurs jumping at the chance to visit their investor mecca.