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Silicon Valley Exec Shelby Bonnie Joins Allen & Co.

Posted on: September 25, 2012 by Connie LoizosNo Comments »

According to his LinkedIn profile, Bonnie has just joined Allen & Co. as a managing director in the investment firm’s San Francisco office.

Veritas Capital to Buy Healthcare Unit from Thomson Reuters in $1.25 Bln Deal

Posted on: April 23, 2012 by Luisa BeltranNo Comments »

Thomson Reuters said Monday that it has agreed to sell its healthcare busines to Veritas Capital in a deal valued at $1.25 billion. The transaction, subject to regulatory approval, is execpted to close in the next few months. The Healthcare business provides data, analytics and performance benchmarking solutions and services to hospitals, health systems and [...]

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Skyword Inks $6M from Cox Media

Posted on: December 19, 2011 by cnolanNo Comments »

Boston-based content production platform Skyword has raised $6 million from Cox Media Group. The company will use the cash to expand its platform and its sales and marketing efforts. Skyword is also backed by Allen & Company, Progress Ventures and American Public Media Group.

New Relic Raises $15M in Round Led by DAG Ventures and Four Rivers Group

Posted on: November 16, 2011 by Lawrence J. AragonNo Comments »

New Relic, which provides application performance management for the cloud and data centers, on Wednesday announced that it has raised $15 million in new funding. The expansion round was led by new investors DAG Ventures and Four Rivers Group, with participation from existing investors Allen & Co., Benchmark Capital, Tenaya Capital and Trinity Ventures, New Relic [...]

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ConnectEDU Closes $10M

Posted on: October 27, 2011 by cnolanNo Comments »

ConnectEDU Inc., a provider of web-based college and career access tools, has raised $10 million in new equity financing. Existing shareholder Allen & Co. led the round, which will be used for expansion and acquisitions. ConnectEDU has offices in Hoboken, N.J., and Austin, Texas.

With Google’s Buy of Zagat, Kleiner Perkins and GA Cash Out After a Decade–UPDATED

Posted on: September 8, 2011 by Luisa BeltranNo Comments »

What a difference three years make.

Today, Google announced it has acquired Zagat Survey. While financial terms weren’t disclosed, this would be a major win for Tim and Nina Zagat, who started the company in 1979 as a list of New York restaurant reviews compiled by friends.

The sale is the second time the founders have tried to offload the company. In 2008, the “Burgundy Bible” went up for sale and was seeking bids of 20X EBITDA or $200 million. Goldman Sachs was the advisor for the 2008 process.

Zagat, in 2008, was producing around $5 million in cash flow. Several PE firms looked at Zagat but balked at the high price tag, I’m told.

WeatherBill Gets $42M From New Investors Khosla, Google Ventures

Posted on: February 28, 2011 by Jonathan MarinoNo Comments »

WeatherBill, the California-based provider of weather insurance and related products, has wrapped up a $42 million round of Series B funding from new investors Khosla Ventures and Google Ventures, the companies announced late Monday. Google’s investment in WeatherBill marks a reunion of sorts. Google veterans Siraj Khaliq and David Friedberg are, respectively, the CTO and [...]

After Maxing Out A Dozen Credit Cards, Is Pandora Headed For An IPO?

Posted on: February 4, 2011 by Alastair Goldfisher3 Comments »

Tim Westergren, the founder of online radio network Pandora, wouldn’t discuss his company’s plans for a potential $100 million IPO, which Reuters reported last month is imminent, but he offered plenty of lessons for startups that are struggling to make a go of it. “Do what it takes, get people to work for free, and [...]

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O3b Seals $1.2 billion For Satellite Internet

Posted on: November 29, 2010 by cnolanNo Comments »

O3b Networks has raised $1.2 billion in debt and equity financing to create a constellation of satellites to provide internet service to the developing world. Shareholders include Google, North Bridge Venture Partners, Allen & Company, SES, Liberty Global and HSBC Principal Investments. Other shareholders include the Development Bank of Southern Africa, Sofina and Satya Capital. Debt was provided by several lenders, including HSBC, ING and Dexia. O3b Networks, whose name stands for “other three billion” – a reference to the number of people in the world without regular Internet access – is based in the Channel Islands.

John Doerr’s Hoodie as a Metaphor for KP’s New Social Fund

Posted on: October 21, 2010 by Connie Loizos5 Comments »

It was hard not to be taken aback at the sight of John Doerr earlier today, as he announced that Kleiner Perkins has launched a new, $250 million “social fund” for social Web startups called the sFund.

I’m not talking about Doerr’s legendary status in the venture industry. In fact, there were so many other stars at the event, held at Facebook’s Palo Alto, Calif., headquarters, that it bordered on ostentatious. Doerr’s partner Bing Gordon was there. So were Facebook co-founder and CEO Mark Zuckerberg, Zynga founder and CEO Mark Pincus and Amazon founder and CEO Jeff Bezos. All billionaires, or close to it, they were assembled as investors in the sFund, whose backers also include Comcast Interactive, Liberty Media, and Allen & Co.

That Doerr himself was in attendance wasn’t the surprise. It was what he was wearing: black jeans, a gray T-shirt, and, gulp, a black hoodie. The site was made all the worse given that Zuckerberg, also wearing jeans and a gray T-shirt, was sans hoodie.