happyfriday
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peHUB Second Opinion

In Second Opinion, to succeed as a startup raise as little VC money as possible, Facebook is in talks with Hollywood about designing films specifically for Oculus Rift andTwitter removes Bing’s translation engine. Happy World Cat Day!

morningballoons
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peHUB First Read

To end your week, First Read has advice for interns from a group of tech luminaries, President Obama lashes out against inversions and SecondMarket founder Barry Silbert is stepping down as CEO to focus on bitcoin.

Amazon.com’s Jeff Bezos and Venrock back Juno Therapeutics

Juno Therapeutics, a Seattle-based biotech company focused on developing immunotherapies for cancer, has raised an additional $56 million in Series A funding, closing the round at $176 million. The investors included Bezos Expeditions, the personal investment firm of Amazon.com CEO Jeff Bezos and Venrock. Also, Juno has named Dr. Mark W. Frohlich as executive vice president of R&D and Barney Cassidy as general counsel.

General Fusion Rounds up Nearly $20M in Series B

General Fusion is having a happy Cinco de Mayo. The utility-scale fusion power company reeled in $19.5 million in a Series B round that included investors Cenovus Energy, through its Environmental Opportunity Fund, Bezos Expeditions, the personal investment company of Jeff Bezos, Chrysalix Energy Venture Capital, GrowthWorks, Braemar Energy Ventures, Entrepreneurs Fund, Business Development Bank of Canada (BDC), and SET Venture Partners.

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

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.

Bezos, Others Back Qliance Medical

Qliance Medical Management Inc., an operator of insurance-free direct primary care clinics in Washington State, has raised $6 million in Series B funding. Bezos Expedition led the round, and was joined by MSD Capital, Drew Carey and return backers Second Avenue Partners, New Atlantic Ventures and Clear Fir Partners. The company had previously raised $7.5 million.

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