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Soldsie fetches $4 mln Series A

Soldsie, a San Francisco-based social selling service, said Thursday that it has secured $4 million in Series A funding. First Round Capital led the round with participation from SoftTechVC, Lerer Ventures, Correlation Ventures, Great Oaks Ventures, e.Ventures, 500 Startups and various angels.

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Spark Capital leads Series A round for Storefront

Storefront said Monday that it has closed $7.3 million in Series A funding. Spark Capital led the round with participation from investors that included Mohr Davidow Ventures, Great Oaks Venture Capital, 500 Startups, Box Group, SV Angel and Vikram Pandit. In addition to the funding, Mo Koyfman has been added to Storefront’s board. Storefront is an online marketplace that helps designers and artists find retail space to sell their products.

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Bessemer Venture Partners backs cloud platform Nitrous.IO

Nitrous.IO said Tuesday that it has secured $6.65 million in Series A funding. Bessemer Venture Partners led the round with participation from investors that included 500 Startups, Crunchfund, Facebook co-founder Eduardo Saverin and Golden Gate Ventures. In addition to the funding, Sunil Nagaraj of Bessemer Venture Partners has been added to the Nitrous.IO board. Based in Menlo Park, Calif., Nitrous.IO is a cloud-based developer platform.

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Crowdfunding platform Fundable buys VC-backed LaunchRock

Business crowdfunding platform Fundable has acquired LaunchRock. No financial terms were disclosed. Based in Walnut, Calif., LaunchRock helps startups launch their businesses. Its backers include 500 Startups, Venture51, Quotidian Ventures and Trinity Ventures.

McClure raises $2 mil for 500 Luchadores

Dave McClure has raised just over $2 million from 24 investors for 500 Luchadores, a Mexico-focused seed fund, according to an SEC filing. McClure, founder of 500 Startups, began raising 500 Luchadores in November 2012. It has a target of $5 million.

SoftTech VC and 500 Startups seek new funds

A pair of seed investors – SoftTech VC and 500 Startups – have set out to raise new funds. In a filing with the Securities and Exchange Commission, SoftTech VC said it would raise $85 million for a fourth fund. Dave McClure’s 500 Startups filed with the SEC to raise a $100 million third fund.

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.

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