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Menlo Adds More As Venture Partner, Gorelik As EIR

Posted on: May 7, 2013 by Mark BosletNo Comments »

Menlo Ventures has added Avery More as a venture partner and Alex Gorelik as an EIR, according to a blog post. More will source enterprise deals at the firm and Gorelik will incubate a company and offer advice on the cloud and big data investments.

Are Apps Like Snapchat and WhatsApp Sending an Important New Message?

Posted on: May 1, 2013 by Connie LoizosNo Comments »

Despite the popularity of Facebook and Instagram, a growing number of smartphone users are clearly looking for alternative communications platforms. The question is whether such new apps are real businesses, or if they’re just as evanescent as the technology solutions they provide.

Facebook’s Purchase of Parse Is Good News for Ignition Partners

Posted on: April 26, 2013 by Lawrence J. Aragon2 Comments »

Providing what appears to be a sizable exit for Ignition Partners and other venture firms, Facebook today acquired startup Parse Inc., which offers a cloud-based mobile application platform. Ignition was the startup’s largest venture backer.

Menlo Adds Karl Mehta As A Venture Partner

Posted on: April 1, 2013 by Mark BosletNo Comments »

Menlo Ventures says it added Karl Mehta as a venture partner. Mehta will focus on sourcing investments and will advise portfolio companies in financial services, mobile payments, e-commerce and gaming. He was the founder and CEO of Menlo-backed PlaySpan, which sold to Visa. The Obama Administration named him as a White House Presidential Innovation Fellow in 2012.

peHUB First Read

Posted on: February 28, 2013 by asormaniNo Comments »

This morning First Read unveils links to the ten best data stories this week, cities where house prices are doubling and those Boston financial tech start-ups to watch.

An Investor Blends Business with Social Service, and Reaps the Rewards

Posted on: February 21, 2013 by Connie Loizos2 Comments »

Iranian-born entrepreneur-investor Shervin Pishevar has become a well-known brand in Silicon Valley in recent years largely because of his social entrepreneurship, not his startup prowess. His particular cause has been eradicating many of the hurdles that foreign-born entrepreneurs still face in entering and remaining in the U.S. But clearly, Pishevar’s social conscience has been good for business.

Menlo Hires Ganesan as Partner as Pishevar Steps Back

Posted on: February 20, 2013 by Mark Boslet2 Comments »

Menlo Ventures is bringing on veteran VC Venky Ganesan as a partner shortly after Managing Director Shervin Pishevar said he would reduce his role at the firm.

Version One Leads Seed Financing of GroupTalent

Posted on: February 15, 2013 by Kirk FalconerNo Comments »

GroupTalent Inc., a talent-as-a-service platform that focuses on hard-to-fill software design and development roles, has secured US$1 million in a seed-stage financing round from a mix of Canadian and US investors. The Seattle, Washington-based GroupTalent, founded in 2011, was backed in a deal led by Vancouver, British Columbia’s Version One Ventures, an early-stage venture capital firm launched last year, alongside Founders’ Co-op., Menlo Ventures and a number of angel investors.

Video Ad Startup Virool Raises $6.62 Million

Posted on: February 14, 2013 by Connie LoizosNo Comments »

Virool, a year-old San Francisco-based video advertising startup, has closed on $6.62 million in funding from a long list of investors in what the company claims is the biggest seed round raised so far by a graduate of the the Y Combinator incubator program. (Virool came out of the program last summer.) The company’s institutional investors include Draper Fisher Juvetson and Menlo Ventures; individuals who contributed to the funding include Paul BuchheitDave McClure, and Yuri Milner.

Menlo Ventures Appoints Venture Advisor

Posted on: February 13, 2013 by asormaniNo Comments »

Menlo Ventures has announced Shervin Pishevar’s new strategic position at the firm as venture advisor. Since joining in 2011, Pishevar has focused on investments in consumer Internet, social web, mobile and the emerging collaborative consumption space.