500 Startups raises $44.1 mln second fund

500 Startups said it closed a $44.1 million second fund that will focus on backing seed and accelerator companies. The new fund is a 50% boost from the firm’s $29.4 million first fund, but came in short of its initial $50 million target.

Founding Partner Dave McClure said he always considered the target aggressive and stressed the increase from his first fund. The firm will invest about 75% of its money domestically and 25% abroad.

Microsoft execs who could succeed CEO Steve Ballmer

peHUB Second Opinion 8.28

In Second Opinion we have news about how you can bet on who will be Microsoft’s next CEO, chatter that the Fed could put tapering on hold, Putin’s poor sense of humor, Twitter’s latest purchase and lots more.

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Venture Investing Climbs in the Second Quarter

Venture capitalists distributed $8.1 billion to startups in the second quarter, an increase over the previous three quarters, but down from a year ago, according to PitchBook. The deal count also declined from the second quarter of last year.

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Marc Andreessen on the Series A Crunch

The Series A crunch is real and will leave some startups high and dry without the venture capital to continue, says Marc Andreessen. However, from an investor’s perspective, he says the fallout is an interesting Darwinian experiment in big ideas that will give VCs the opportunity to see which companies make it.

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VC Fred Wilson On the Dangers of Valuation Creep

Too much money in the hands of too few firms. When people talk about the challenges facing venture capital, their criticisms often boil down to this reality. Concentration limits competition and risk taking. It also was at the heart of the critique Union Square Ventures Managing Partner Fred Wilson offered on Thursday.

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The LP View of Venture: Be More than a Deal Shop

There’s no question bringing outsized returns to your limited partners will endear you to your investors. But what about emphasizing firm management, or staking out a differentiated advantage that will stand the test of time?

VERSUS IO completes Series A

VERSUS IO has completed its Series A funding round led by Earlybird Venture Capital. The round also includes additional investments from 500 Startups led by Dave McClure who initially invested $100,000 in December 2012, seed investor High-Tech Gründerfonds and angel investors Lars Dittrich and Dario Suter. To date VERSUS IO has raised $1 million in total.

CapLinked Announces New Investors

CapLinked,  a Los Angeles, Calif.-based startup whose cloud-based platform enables investors to manage business transactions like mergers, acquisitions, financings, asset sales and reporting, has closed on a Series A round that the firm has been assembling since last year. The round, which is being closed with $2.1 million, includes new investors Conversion Capital, Inflection Ventures, and The Artesian Group. Previous investors in the company include 500 Startups and venture capitalist Peter Thiel. To date, CapLinked has raised more than $3 million.

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Ben Franklin, 500 Startups, DFJ Rank as Most Active Investors in March

Ben Franklin Technology Partners Southeastern PA, a Philadelphia-based early-stage backer, invested $1.54 million in 11 deals during March, ranking it as the most active investor in the month. Draper Fisher Jurvetson was the most active institutional venture firm in the month, having backed seven companies with nearly $9 million, according to Thomson Reuters data.

500 Startups Opens New York Office, Adds Partner

500 Startups is expanding its investing team and geographic footprint with an office in New York and plans for a San Francisco location. The seed fund and accelerator program run by Dave McClure has hired Parker Thomson as a venture partner and promoted George Kellerman to partner, according to a blog post.

App Security Provider MyPermissions Secures $1M in Funding

App security provider MyPermissions announced today it has raised $1 million in a round by lool Ventures, 500 Startups and 2B Angels, with participation by Plus Ventures and Israeli tech investor Robby Hilkowitz. Dave McClure says this is the first investment by 500 Startups in an Israeli startup.

500 Startups’ McClure To Manage Twilio European Fund

Twilio and 500 Startups said the newly formed Twilio Fund Europe 2013 will be managed by 500 Startups founding partner Dave McClure. The micro fund will provide seed funding to startups in Europe that make use of Twilio’s cloud communications APIs.

CircleCI Secures Seed Funds

CircleCI has secured $1.5 million in seed funding from investors in the cloud and agile development space. Backers include Heroku founder James Lindenbaum, SV Angel, 500 Startups, Hiten Shah from Kissmetrics, Jason Seats, founder of Slicehost, and Eric Ries.

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