Mega-retailer Amazon is enjoying some serious pop in its stock after the company came out with its results. What did not impress–and should concern many VCs–was Amazon’s details on its LivingSocial investment.

Thomson Reuters’ Venture Alpha 2012 event Thursday in San Francisco, we heard from investing and entrepreneurial legends including Benchmark GP Bill Gurley, DCM founder Dixon Doll and AOL founder Steve Case. Visiting the InterContinental Mark Hopkins Hotel on Nob Hill, VCs, entrepreneurs and dealmakers gathered for a day-long series of talks and meetings on the state and future of the venture capital industry.

Recently, Washington Post columnist Steve Pearlstein wrote a wake-up call to the nation’s capital. In it, he argued that while “local economic boosters love to remind anyone who will listen that the Washington region boasts the greatest concentration of technical or knowledge workers in the country,” the claim is “misleading.” The reality, wrote Pearlstein, is that [...]

FedBid, operator of the online marketplace for business-to-government e-commerce, has received an undisclosed amount of initial funding from Revolution Growth Fund. Fedbid is based in Vienna, Va. Revolution Growth Fund, a $450 million vehicle formed formed late last year by Washington entrepreneurs Steve Case, Ted Leonsis, and Donn Davis. PRESS RELEASE: Today, FedBid, Inc., which [...]

RunKeeper said Monday it raised $10 million in a round led by Spark Capital and joined by existing investor OATV, the venture arm of O’Reilly Media, and new investor Revolution Ventures, which is co-founded by Steve Case, the co-founder of AOL. The new money will enable the Boston company to expand its staff and improve [...]

America Online co-founder Steve Case has held a first close on $250 million on a growth fund with a target of $400 million, according to a source familiar with the effort. A regulatory document about the new fund, called Revolution Growth II LP, was filed with the SEC on July 22. (The document lists the [...]

(Reuters) – LivingSocial has picked Bank of America Merrill Lynch, JPMorgan and Deutsche Bank to lead-underwrite an IPO that could value the daily deals site at $10 billion to $15 billion, two sources with knowledge of the matter said.

The three banks declined to comment.

LivingSocial, runner-up to Groupon in the fast-expanding daily deal market, is the latest Internet startup seeking to woo investors keen to pile into social media companies from LinkedIn and Twitter to Zynga and Facebook.

In April, LivingSocial raised $400 million in a round of funding that included LightSpeed Venture Partners and Amazon, giving it a value of about $3 billion.

To date, LivingSocial has raised $648 million in

Vinfolio Inc., a San Francisco-based online wine marketplace, has raised an undisclosed amount of VC funding from Steve Case’s Revolution LLC. It previously raised $4.5 million in Series A funding led by Panorama Capital.

Exclusive Resorts, a Denver-based luxury destination club, has raised $20 million in new funding led by majority owner, and AOL co-founder, Steve Case.

Revolution Money, a St. Petersburg, Fla.-based startup that centers around both a new credit card and a person-to-person payment system a la PayPal, has just raised $42 million from the unlikely TARP triumvirate Goldman Sachs, CitiGroup, and Morgan Stanley, bringing total funding for the company to nearly $100 million. In 2007 — the company, a [...]