Mark Zuckerberg’s deal-zeal has Facebook spending a fortune as it runs up to its IPO. What’s next?

The publicly traded fund Firsthand Technology Value Fund has, for the second time this month, acquired shares of the common stock of Gilt Groupe Holdings, the flash-sales startup based in New York. According to a release, it just purchased 34,714 shares. Two weeks ago, Firsthand acquired roughly 54,000 shares of Gilt’s common stock. PRESS RELEASE: [...]

They Didn’t Get a Harumph Outta That Guy: North Korea dishes out work camp sentences for people who failed to mourn the great leader’s passing sufficiently. Seriously.

So, What’s going on over at Gilt Groupe?

Looks Like another distressed fund is heading to Europe

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Everybody knows it. Tom Brady knows it (when he was racking up Lombardi Trophies in Boston, he was getting his mail here). Mark Zuckerberg may have said he’d rather start Facebook in Boston, but the reality of it is, he launched offices in New York City. Clemens, The Babe, and Boggs: they all know, too. [...]

(Reuters) – Consumers spent a record $1.25 billion on Cyber Monday, according to comScore, highlighting how much people love shopping online. But another group is in just as much of a frenzy over online retail: venture capitalists, who invested a record $2.39 billion in online shopping this year, according to Thomson Reuters data. That’s more [...]

The New York-based e-commerce company Gilt Groupe is announcing its daily “flash sales” service and daily offerings will be available in 90 countries, starting next month, including over users’ mobile phones. The company — which has raised $236 million, including from General Atlantic and Matrix Partners over the last four years — plans to release its [...]

BuyWithMe is being sold to Gilt Groupe, according to a report from Beta Beat.

Financial terms weren’t disclosed. The daily deals site will officially become part of Gilt, an online seller of designer fashion, on Nov. 1, the story says.

The sale comes after BuyWithMe reportedly laid off half of its staff earlier this month. BuyWithMe has secured about $30 million in funding, Beta Beat says. This includes $5.5 million in funding from Matrix Partners in January 2010. BuyWithMe, the following July, scored another $16 million in a round led by Bain Capital Ventures.

Internet entrepreneur Kevin Ryan is killing it — particularly when it comes to fundraising. Ryan is the founder and CEO of Gilt Groupe, a popular shopping service that was founded in 2007 and has raised a stunning $236 million, including from Goldman Sachs, General Atlantic, and Matrix Partners since its 2007 founding — at what [...]

Some venture capital firms are tweaking term sheets’ language to prevent entrepreneurs from making big secondary market exits before VCs can get their cut, multiple sources tell peHUB. New restrictions turning up in term sheets include requirements that founders do not sell more than 10% of their stake via secondary transaction and, separately, that founders [...]

Venture capitalists picked up the pace with their second quarter investments, pouring money into Internet and life sciences startups. The quarter’s largest deals reflect this binary focus, according to the MoneyTree Report from PricewaterhouseCoopers, the National Venture Capital Association and Thomson Reuters, publisher of this blog. Six have to do with the Internet or IT. [...]