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5 Things We’d Buy Now if We Were Mark Zuckerberg
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 You want winning? That’s winning. The question now is what he’ll do with the tens of billions of dollars he stands to collect over the coming years. Much of it he’ll give away. Zuckerberg is among dozens of billionai... |
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peHUB Second Opinion 2.3
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 Superbowl: A look at Eli Manning vs. Tom Brady off the field. Reversing Course: Now Susan G. Komen says they will fund Planned Parenthood. Showing the Love: The Carlyle Group, which is preparing to go public, removes an arbitration provision that bans shareholders from filing class action lawsuits. Sharing Minutes: Ting is a bad name but a great idea for the wireless industry, says Light Reading. No Diversity: Women dominate Facebook's 845 mln users but you can't find one on FB's board. And FB was worth $94 billion in auction on the private market yesterday. Also, Slate wonders if Facebook is really a good business. The Day the Music Died: Today, in 1959, Buddy Holly was killed. Rave On! R.I.P.: Steven Appleton, Micron Tech's CEO, dies in a plane crash. No Shushing During Commercials: Here are the 21 rules of surviving a Super Bowl Party. Ugly Ducklings: Silicon Valley's dirty little secret is that the startup boom is really... Read more » |
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A Sobering Look At Facebook
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 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. At Granite Investment Advisors in New Hampshire, Chief Investment Officer Scott Schermerhorn has already been fielding queries from clients eager to g... |
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Poll Results: Readers Startled by How Much Facebook Revenue Comes from Zynga
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 Was it the fact that Facebook claims to have connected more than 100 billion friends as Dec. 31? That Marc Zuckerberg's salary will drop to $1 in 2013? That Facebook's IPO filing caused the SEC web site to crash? It was none of these. The most surprising issue was that Zynga is responsible for 12% of Facebook revenue. Nearly 33% of voters picked this revelation as the most intriguing. But just barely. For most of Thursday, Facebook's $3.9 billion war chest was running as the most surprising fact to emerge from the IPO filing. That didn't last. In the end, Facebook's cash came in a very close second with 32.1%. Read more » |
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Auxogyn, a privately-held company focused on advancing women’s reproductive health, has closed the final tranche of its Series A financing, bringing total funding to $20 million. Investors in the round include Kleiner Perkins Caufield and Byers, TPG Biotech and Merck Serono Ventures. PRESS RELEASE Auxogyn, Inc., a privately-held company focused on advancing women’s reproductive health, today announced the close of the final tranche of its Series A financing, bringing the total funding to $20 million. The initial tranche was placed in May 2010, and investors in the round include Kleiner Perkins Caufield and Byers, TPG Biotech and Merck Serono Ventures. “Over the cou |
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Ron Peele was named chief operating officer of Surefire Social. He is also an investor in Surefire Social, an Internet marketing platform. Peele was a founding investor and CFO of Revolution Health. Prior to that, he helped launch and build the AOL/Time Warner venture capital group. Read more » |
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ORIX Venture Finance has made an equity investment in Kemp Technologies alongside Edison Ventures and Kennet Partners. peHUB reported in January that Kemp had raised $16 million in new funding, which included $7.5 million from Edison Ventures. Kemp makes server load balancer appliances. Read more » |
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peHUB Second Opinion 2.2 (Groundhog Day’s Edition)
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 I'm Always Right: The Reformed Broker complains that "No One is Ever Wrong Anymore." But you are wrong, just not me. Deal: Amazon buys TeachStreet and the company will become part of Amazonlocal. No Disclosure: Several major U.S. companies have been hacked but won't admit it. And, Brazil hackers hit HSBC banking sites. It's a Split: Punxsutawney Phil sees his shadow and predicts six more weeks of winter. But Staten Island Chuck didn't. Thar She Blows: An Alaska volcano forms a lava dome which raises the warning level. American Exceptionalism or Not: Would you buy the United States if it were stock? After the Decision: Susan G. Komen got hacked last night and Mayor Bloomberg offers $250K to Planned Parenthood to make up for the missing funds. Making Friends: Rapper Ja Rule hangs out with Alan Hevesi and Dennis Kozlowski behind bars. Read more » |
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Polaris Venture Partners has invested $4 million in Aria Retirement Solutions. Aria Retirement, a provider of guaranteed retirement income services, will use the funds to expand its tech platform for independent RIAs. Read more » |
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Question of the Week: What Was the Biggest Surprise in Facebook’s IPO Filing?
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 On Wednesday, Facebook finally filed with the SEC for an IPO that could raise as much as $5 billion. Mark Zuckerberg’s company didn’t disclose how many shares it would sell or at what price (that usually comes in future filings), but the company is expected to trade under the ticker “FB.” The exchange Facebook plans to trade on also was not disclosed. As expected, Morgan Stanley is lead bookrunner on the Facebook deal. Morgan Stanley, in case anyone has forgotten, led the IPOs of Lin... |
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TiqIQ, a New York City and Israeli based startup, has raised $1.7 million in equity financing, according to a recent regulatory filing. The company is backed by Contour Venture Partners, and Contour co-founder Matt Gorin sits on the TiqIQ board. TiqIQ aggregates event tickets and helps consumers find deals for sports, music or theater events. Read more » |
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Santa Monica, Calif.-based TigerText Inc., maker of secure mobile messaging technology for healthcare enterprises, has raised $8.2 million in financing, bringing its total raised to $10 million. The Series A investment was co-led by Easton Capital and New Science Ventures. As part of their investment, John Friedman, Managing Partner of Easton Capital; and Somu Subramaniam, Managing Partner of NSV, join the company’s board.
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Atlanta-based RentWiki Inc. has added $3.6 million in fresh capital, according to a regulatory filing. The company, which operates a peer review and recommendation website to help people find housing, previously raised capital from Antares Capital Corp.
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ANDalyze Inc., a maker of products for testing water contamination, has raised $1.57 million of a planned $2.57 million round, according to a regulatory filing. The company, which uses catalytic DNA technologies for water testing, is backed by investors including the Illinois Emerging Technologies Fund II L.P. and Illinois Ventures LLC. The company’s board includes John Regan a senior director for Illinois Ventures. Read more » |
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Auxogyn Inc., a Menlo Park, Calif. company focusing on products for women's reproductive health, has closed a final tranche for its Series A round. The company has now raised $20 million in total funding. The initial tranche was placed in May 2010, and investors in the round include Kleiner Perkins Caufield and Byers, TPG Biotech and Merck Serono Ventures, the company said in a statement.
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Vancouver-based yoga and wellness company YYoga has raised $9 million in fresh capital from by Fiore Capital Corp. and Beedie Capital Partners. The lead investors were joined by undisclosed private investors. The money will be used for expansion, specifically into the Toronto market. Read more » |
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OnShift, a maker of web-based staff scheduling and shift management software for healthcare companies, has closed a $3 million Series B round. The round is led by a client of West Capital Advisors and included participation from OnShift's institutional investors Draper Triangle Ventures, Early Stage Partners and Glengary, the company said in a statement. Read more » |
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Irvine, Calif.-based Numecent has raised $2 million of a planned $10 million Series A round. The company, which says it is developing "cloudpaging" technology, did not disclose the names of investors. The company said that it previously raised $7.5 million from investors.
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Orlando-based PlanSource Holdings Inc. has raised $12 million in new funding led by Lemhi Ventures. The company, which makes a cloud-based HR and healthcare software-as-a-service, will use the money for growth. Read more » |
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Dillard's has led a $5 million round of growth financing for Acumen Brands. Dillard's invested $4 million in Series B preferred stock while existing investors existing investors Noro-Moseley Partners, BLH Venture Partners, the Gravity Fund and the Arkansas Risk Capital Matching Fund also participated. Acument, of Fayetteville, Ark., operates twelve online retailers. Read more » |
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Hercules Technology Growth Capital said Wednesday that it has completed the sale of BÂRRX Medical to Covidien. The deal, announced in November, was valued at about $325 million. Hercules, in connection with the sale, expects to realize a net gain of approximately $2.2-$2.3 million in first quarter 2012 and to fully repay Hercules' loan to BÂRRX Medical. This represents an IRR of about 33% Hercules' investment in BÂRRX, which provides products and technology to Barrett's esophagus syndrome. Read more » |
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peHUB Second Opinion 2.1.2012
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 Wait! Before we drift into a blissed-out state of semiconsciousness, great tidbits from the S-1, including Mark Zuckerberg on the so-called Hacker Way. Also, turns out Zynga accounted for 12 percent of Facebook's revenue last year. You might also be interested to know that Facebook's growth is slowing. Also, Zuckerberg's dad owns stock; he was given 2 million shares in exchange for "working capital" provided to the company in its early days. Super Bowl: the car ads are back! Siri and the Scots: is their relationship doomed? Read more » |
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While NYSE and Nasdaq Await Facebook Decision, a Rivalry Intensifies: CORRECTED
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 (CORRECTION: In the minutes after Facebook filed its S-1, I posted a version of this story incorrectly reporting that Facebook had chosen Nasdaq to list its shares.) When Facebook filed to go public with the SEC earlier today, there were a lot of things it didn’t need to include, such as where the offering will take place. It didn’t. It isn’t terribly surprising. In fact, as Scott Cutler, executive VP and co-head of U.S. listings at NYSE Euronext told me earlier this week, a growing number of te... |
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Facebook Files For $5 Billiion IPO; Co-Founder Zuckerberg Holds 28.4% Of The Stock, Accel, 11.4%: UPDATED
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 The company’s top shareholder is CEO Mark Zuckerberg, who co-founded the company in a Harvard dorm room and holds 28.4% of its class B stock, according to an S-1 filed with the Securities and Exchange Commission. Second on the list is Accel Partners, an early investor. The filing shows that Facebook now has 845 million m... |
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VCJ Cover Story: Lights, Camera, Action, Disrupt!
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 The resulting product could be an easy-to-use Internet television that syncs with other devices and the cloud and perhaps respond to voice commands. Imagine what this will do to the venture industry’s timeline for online TV. Television is an industry already ripe for disruption. Such a breakthrough could trigger an avalanche of investing in TV apps, infrastructure... |
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Venture Capitalist Confidence Index Falls in 4Q for Third Straight Quarter
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 This is according to the Silicon Valley Venture Capitalist Confidence Index prepared each quarter by Mark Cannice, a professor at the University of San Francisco. The index fell in the fourth quarter to 3.27 from 3.41 in the third quarter. (Five represents maximum confidence.) It was the third consecutive decline. Cannice surveyed 30 venture capitalists i... |
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