Since Yahoo announced it was acquiring Tumblr, venture capitalists have probably pondered how the deal impacts the value of their stakes in still-private social networks like Pinterest. The early consensus is that it’s good news, indeed.

Venture capitalists began 2013 by pouring money into startups at the slowest pace in two years, suggesting a reset for an industry where dollars coming into new funds has trailed portfolio company investments for six years.

The first quarter won’t close till Sunday, but an early look at the period finds the soft venture-investment environment continued. Venture capitalists in the United States put $6.2 billion to work in the quarter fueling 707 deals, according to a tally by PitchBook

This morning find out more about the rise and rise of the angels; KKR’s interest in Geon and meet 14 new Rock Health start-ups.

Online scrapbook Pinterest is trying to raise a new round of funding that would give it a valuation of between $2 billion to $2.5 billion, the Wall Street Journal reported, writes Reuters. The company declined to comment on any fundraising efforts. Reuters – Online scrapbook Pinterest is trying to raise a new round of funding [...]

SV Angel acknowledged two weeks ago that it raised a $30 million fund called SV Angel III-Growth P. It turns out the new fund is a special purpose vehicle for investing in secondary shares of Pinterest,

Call them the cream of the venture crop, the 472 high flying U.S.-based companies with valuations above $100 million and exciting businesses to justify them.

Catch up on the latest news after the weekend with this morning’s First Read which reveals who will survive the biotech VC downturn, the latest in Asian private equity news and who has raised the largest ever seed round in Y Combinator history.

Tuesday Morning’s Post-Memorial Day Hangover edition of First Read includes the Choom-POTUS party guide, how to hype a tech scene, and Pinterest’s new friends.

This is no ordinary deal site–and OrderWithMe is finding the strategic partners to prove it, too.