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San Fran-based Cherry Spreads Suds with $4.5M Round

Posted on: April 17, 2012 by Jonathan MarinoNo Comments »

Shasta Ventures led a $4.5 million Series A round in San Francisco-based on-demand carwash startup Cherry, the company announced today. Founders Fund and a group of angel investors including Bill Lee and Shervin Pishevar joined prior investors David Sacks and Keith Rabois on the deal. The funds will be used to spread Cherry’s service to [...]

Jed Stremel and Other Angels Invest $2M in Practice Fusion

Posted on: January 11, 2012 by Alastair GoldfisherNo Comments »

San Francisco-based Practice Fusion, which provides Web-based electronic medical record management for physicians, has raised $2 million in funding from angel investors Jed Stremel (who formerly oversaw Facebook’s mobile strategy), Ali Partovi and Hadi Partovi. Practice Fusion has now raised more than $38 million in total funding since early 2009 from Founders Fund, Band of [...]

Week’s Top 10 Hub Posts Feature Powerful Women in PE, Zynga’s IPO and Big Biotech Deals

Posted on: December 9, 2011 by Lawrence J. AragonNo Comments »

Here are this week’s top 10 posts based on number of pageviews from peHUB’s regular readers. Hot topics included powerful women in private equity, details of Zynga’s upcoming IPO and the biggest biotech deals of Q4 so far.

1. Slideshow: Five Powerful Women In Private Equityby Bernard Vaughan
2. Zynga’s IPO By The Numbers And A Look At Its Three Classes Of Stock: Slideshowby Mark Boslet
3. Slideshow: Where the Biotech & Device Investors Are–Q4 Editionby Jonathan Marino
4. Founders Fund on Monday Meetings, Patience, and That New $625 Million Fundby Connie Loizos
5. Wanted: Private Equity High-Flyers in Growth Areasby Reuters
6. Slideshow: A Selection of Euro Buyout Fund Terms and Conditionsby Angela Sormani
7. Eight Steps To Mastering Small Company Acquisitionsby Ben Smith
8. The Uniforms of Silicon Valley, a Slideshow (subscribers only) – by Connie Loizos
9. Quien Es Mas Macho? A Slideshow of the Top 5 U.S. PE Funds this Year (subscribers only) – by Luisa Beltran
10. Moody’s: Most Bubble-era LBOs Struggle, while Dollar General, HCA Shineby Luisa Beltran

New! Top 10 Hub Posts Shared by VC and PE Tweeters This Week

Posted on: December 8, 2011 by Lawrence J. AragonNo Comments »

We’ve got a new feature that we think you’ll find compelling. It’s a list of the 10 most-shared peHUB stories for the week, as judged by Tweetminster. We’ve been using Tweetminster since July to bring you interesting links from around the Web. The service uses an algorithm to identify the most influential tweeters in venture capital and private equity, then tracks the links those people are sharing.

1. Question of the Week: Does Zuck Do Enough to Protect Your Privacy?by Luisa Beltran
2. Electric Car Startup Aptera Shuts Down, Idealab Takes Hit of More than $20MReuters
3. Founders Fund on Monday Meetings, Patience, and That New $625 Million Fundby Connie Loizos
4. Slideshow: Maine Reveals Bite Taken By Fees, Expensesby David Toll
5. Zynga Rival Nexon Prices IPOby Reuters
6. Facebook Said to Acquire Gowalla as Internal Hiring Expandsby Reuters
7. VCJ Cover Story: The Rise of the Celeb Investorsby Tom Stein
8. Eight Steps To Mastering Small Company Acquisitionsby Ben Smith
9. Tony Roma’s Still Up For Sale, while Krystal Co. Auction in Second Stageby Luisa Beltran
10. VC Takes Off in Brazil, But First, a Giant Leap of Faithby Connie Loizos

Is Gowalla a Sign of the Times for Investors?

Posted on: December 8, 2011 by Connie Loizos1 Comment »

On Monday, more than 500 outlets reported that Facebook is acquiring the location-based startup Gowalla, which will shutter in January. Gowalla’s team will now work on Facebook’s new Timeline feature. The acquisition was unexpected for several reasons, including that Austin-based Gowalla has been eating Foursquare’s dust for some time. There were also niggling questions over [...]

Founders Fund on Monday Meetings, Patience, and That New $625 Million Fund

Posted on: December 5, 2011 by Connie Loizos4 Comments »

Seven-year-old Founders Fund isn’t a typical venture firm. It thinks Monday meetings are for suckers. It recoils from the idea that it should help startups do their hiring. (That’s a core function of a startup, as far as the firm is concerned.) Meanwhile, its billionaire co-founder, Peter Thiel, whose ambition is funding startups with the [...]

Founders Fund Seals $625M for Fourth Fund

Posted on: December 2, 2011 by Clancy Nolan1 Comment »

Peter Thiel’s Founders Fund has raised $625 million for its fourth fund. The firm, which has been an early backer of companies including Facebook and Spotify, will invest in a mix of early-stage deals and follow-on investments across the aerospace, artificial intelligence, analytical software, emerging biotechnologies, robotics, education and consumer internet sectors.

Founders Fund Backs 100Plus

Posted on: November 2, 2011 by Clancy NolanNo Comments »

Founders Fund has backed newly formed 100Plus, a startup developing interactive health applications that will give personalized predictions of future health. The company’s platform will use game mechanics to encourage people to change bad behaviors and help extend their lifespans. 100Plus is based in San Francisco. Details of the financing were not released.

BillGuard Gets $10M From Khosla Ventures, Founders Fund, Innovation Endeavors, Others

Posted on: October 18, 2011 by Mark BosletNo Comments »

BillGuard said Tuesday it secured $10 million in a second-round financing led by Khosla Ventures. Peter Thiel’s Founders Fund and Eric Schmidt’s Innovation Endeavors also participated in the round, as did existing investors Bessemer Venture Partners and IA Ventures. The company, which is developing online technology for determining erroneous credit card charges, has now raised [...]

Clickable Bags $12M C Round

Posted on: October 17, 2011 by Jonathan MarinoNo Comments »

Clickable, the online advertising solutions provider, completed a $12 million financing round that was provided by American Express, which was joined by existing investors Union Square Ventures, Founders Fund and FirstMark Capital. Other prior backers include Jon Miller, Chief Digital Officer, News Corporation; and Peter Thiel, Managing Partner of Founders Fund.