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We reported last week that Internet investing helped drive second-quarter venture deal volume, but biotech, medical devices and software startups were strong money magnets as well. So were companies in IT services and entertainment, according to data from the MoneyTree Report, which is produced by PricewaterhouseCoopers and the National Venture Capital Association, based on data [...]
Seed and early stage investing jumped to new heights in the second quarter, and Internet fever appears to be the cause. Venture capitalists put money into 464 seed and early stage startups during the period, accounting for 48% of all deals, according to the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association, based [...]
Kleiner Perkins Caufield & Byers was tied for the most active U.S. VC in the first quarter, according to peHUB’s analysis of data from Thomson Reuters (publisher of this blog). Overall, the storied Sand Hill Road firm backed 30 companies, up from 19 in the same period a year earlier, but down slightly from 35 [...]
I ran across Jonathan Tower recently when I posted several 2011 predictions pieces on peHub. This managing director at Citron Capital’s venture arm has since put together some predictions of his own and several are well worth noting here. Tower spends a lot of his time focused on consumer Internet, digital media and mobile applications [...]
Next year is the year when social media becomes a real business. That’s not to say companies such as Facebook and Groupon aren’t making real money now. Estimates suggest Facebook’s revenue is north of $1 billion this year and Groupon could be reeling in $500 million in sales each quarter. But there is more to [...]
The “crazy” pace of investing in Internet companies may continue next year, but cleantech fundings could lag. On the other hand, life sciences could turn in a solid performance. There is no shortage of interesting companies. This was the conclusion of a panel of VCs Thursday night at an investment forecasting event held by the [...]
I normally don’t blog about other blogs, but today I break the rule to weigh in on speculation that Kleiner Perkins Caufield & Byers is turning away from cleantech. This shift in focus is suggested in a Fortune piece claiming that the storied VC firm is refocusing on its so-called sweet spot: the Internet. The [...]
Zynga Game Network Inc. is the new king of social gaming M&A.
Over the past six months, the company has made 6 acquisitions to stretch the boundaries of its realm. Roughly 320 million people have now played one of its 10 games (FarmVille, FrontierVille, Mafia Wars). And it has 1,300 employees.
Founder and Chief Executive Mark Pincus says more acquisitions are likely on the way. “If you have a startup here, please call us,” Pincus (pictured) says during a brief on-stage appearance at the Web 2.0 Summit going on in San Francisco.