Nick_D’Aloisio,_Founder,_Summly_@_LeWeb_London_2012_4x6

Just Do It, Says Yahoo’s Teen App Millionaire

(Reuters) – Got a tech idea and want to make a fortune before you’re out of your teens? Just do it, is the advice of the London schoolboy who’s just sold his smartphone news app to Yahoo for a reported $30 million. The money is there, just waiting for clever new moves, said 17-year-old Nick D’Aloisio, who can point to a roster of early backers for his Summly app that includes Horizons Ventures, a venture capital firm owned by Hong Kong billionaire Li Ka-shing, Yoko Ono and Rupert Murdoch.

YourMechanic Raises $1.8M From Y Combinator, Milner, Kutcher, SV Angel, Others

YourMechanic said it raised $1.8 million in seed funding from investors including Y Combinator, Yuri Milner, Ashton Kutcher, SV Angel, CrunchFund and SoftTechVC. The Mountain View, Calif., company is developing a mobile car repair service. PRESS RELEASE YourMechanic Launches to Bring the Mechanic To You Company Announces $1.8 Million in Seed Funding (San Francisco, CA) […]

Investors Dish Out $5M to Social Dining Startup Grubwithus

Grubwithus has raised $5 million in Series A funding from GRP Partners and Lebanese entrepreneur Michel Daher, known for Daher Foods. The Y Combinator funded company previously raised about $1.6 million in seed stage funding from actor Ashton Kutcher, Andreessen Horowitz, First Round Capital, New Enterprise Associates, Start Fund, SV Angel and individual entrepreneurs Yuri Milner, Matt […]

Simply Fabulous: Andreessen Horowitz Leads $40M Series B for Fab.com

Fab.com — which pivoted from a lifestyle website for gay men to a design-focused flash sales site — announced Wednesday that it raised $40 million in a Series B round led by Andreessen Horowitz. The new round comes just five months after the company raised an $8 million Series A led by Menlo Ventures. Joining […]

VCJ Cover Story: The Rise of the Celeb Investors

Life is imitating art on the TV show “Two and a Half Men,” in which actor Ashton Kutcher plays an Internet billionaire. In real life, Kutcher is an Internet investor, with plenty of actual startups to his credit, including room rental service Airbnb, social magazine app Flipboard, travel search site Hipmunk and mobile marketplace provider […]

‘Headless’ Rounds Ride Into Town, Helped by Kevin Rose

On Tuesday, TechCrunch reported that celebrity entrepreneur Kevin Rose has raised $1.5 million for his startup, Milk, from a “wide syndicate of Valley elites.” “Wide” may be understating things. Fully 24 angels participated in the round at what I’m told was a pre-money valuation of $15 million. Among those on the star-studded list: Twitter cofounder Evan Williams, […]

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