Keith Rabois, a serial operating executive who most recently resigned as the chief operating officer of the payments company Square, has joined the venture firm Khosla Ventures as a partner. Before joining Square, Rabois spent numerous years at LinkedIn, first as a vice president, then as an executive VP of strategy and business development. Earlier in his career, Rabois, who has a law degree, was also an executive VP focused on public policy at PayPal. He also spent a year as an entrepreneur-in-residence at Clarium Capital, the hedge fund run by PayPal cofounder Peter Thiel.

This morning First Read brings you the latest on private equity manager bonuses, Spark Capital’s oversubscribed fund close and whether Facebook could possibly acquire LinkedIn?

It’s easy to argue that Linkedin’s valuation has grown too rich. Indeed, to keep the love coming from Wall Street, many insiders think the company needs to sew up a big deal, and fast.

Facebook stock is likely an attractive long-term buy, Y Combinator might be seeing stress signs from its expansion, and Greylock Partner’s Discovery Fund is now three-quarters through its $20 million in capital. So says Reid Hoffman.

The Preqin study, released today, found that the quarterly deal flow varied over the 10-quarter period from about 60 to almost 100, with a spike of dollars allocated in the first quarter of 2011, when Facebook raised $1.5 billion and Zynga brought in $485 million.

True&Co, an online intimates retailer has secured $2 million in first round funding from top investors, including First Round Capital, SoftTech VC, Aileen Lee, Softbank Capital and former LinkedIn executive Ellen Levy. The company has also just unveiled a service to fit women into the perfect bra online with no measuring tape. PRESS RELEASE Two [...]

German venture investor Earlybird Venture Capital has appinted LinkedIn co-founder Konstantin Guericke as a venture partner. He will help grow the firm’s portfolio companies as they expand from Europe into the US market, in addition to identifying and evaluating attractive areas of opportunity for investment. PRESS RELEASE Earlybird Venture Capital today announced that it has [...]

LinkedIn Corp and private equity firm Silver Lake Partners are among a number of parties that have expressed interest in a potential deal for Monster Worldwide Inc.

Venrock will see a return of more than 15x on its investment in SlideShare after just four years, says Brian Ascher, a Venrock partner who sits on the company’s board.

In January of 2011, Sequoia’s Mark Kvamme moved from California to Ohio for a six-month-long economic development project. By last August, Kvamme had acquired an Ohio driver’s license, along with a new farm. Is he ever coming back?