Zipcar Leads Series A For Wheelz

Publicly traded Zipcar Inc. is leading a $13.7 million Series A round for peer-to-peer car sharing company Wheelz Inc. Palo Alto, Calif.-based Wheelz targets college campus communities. Other investors in the round include Detroit-based Fontinalis Partners. As a result, Zipcar Chief Executive Scott Griffith and Fontinalis’ Mark Schulz join the Wheelz board. Also joining the […]

Steve Case: Washington is No Also-Ran

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 […]

This Week’s Top 10 HUB Posts Focus on Market Turmoil, Fund Performance and Silicon Valley’s ‘Undertaker’

Time to catch up on the peHUB stories your colleagues found most compelling this week. Here are the top 10 posts that garnered the most pageviews from regular readers from Aug. 8 to Aug. 12. It isn’t terribly surprising that most of the posts were related in some way to the turmoil in the public markets this week.

1. Early Stage Funds Dominate CalPERS’ Top 10 Venture Funds, by Mark Boslet
2. Silicon Valley’s Undertaker: ‘We’re Anticipating a Major Fallout’, by Connie Loizos
3. Groupon, Zynga and 9 Other VC-Backed IPOs Threatened by Market Turmoil, by Joanna Glasner
4. LinkedIn, Solazyme, Zipcar, 33 Other VC-Backed IPOs Bloodied in Market Beatdown, by Lawrence Aragon
5. Idaho Public Employee Retirement Top-Performing Funds (subscribers only), by David Toll
6. Menlo Ventures Is Biggest Winner in Carbonite IPO, by Lawrence Aragon
7. Venture & PE Picks for a Double Dip, by Joanna Glasner
8. Colorado PERA Top-10 Performing Funds Since 1982, by David Toll
9. How This Year’s 10 Biggest VC-Backed IPOs Fared in the Market Plunge, by Lawrence Aragon
10. Reuters Exclusive: Khosla Loses 2 Partners; Alex Kinnier to Do Startup, Jim Kim’s Plans Unknown, by Sarah McBride and Peter Lauria, Reuters

Slideshow: How This Year’s 10 Biggest VC-Backed IPOs Fared In The Market Plunge

As you are well aware by now, the stock market plunged today on fears that the U.S. economy is slipping back into a recession and concerns about a debt crisis in Europe.

It was the biggest selloff in two years, with the Dow and the S&P 500 both declining by more than 4% and the Nasdaq falling by 5 percent.

I was curious how this year’s crop of VC-backed companies fared in the correction, so I took a look at the performance of 2011′s 10 largest IPOs of U.S.-based VC-backed companies. Given that I was expecting to find a bloodbath, I

CFO Splits Globespan as Zynga IPO Looms

Globespan Capital Partners CFO Mary Bevelock Pendergast has left the venture capital firm to take the same role at Fidelity Biosciences, peHUB has learned.

Fidelity Biosciences’s site states she has worked there as CFO since April 2011, yet, as of this afternoon, her bio page at Globespan remained operational.

ED NOTE: Nope, now it’s down.

Judging by Globespan’s description of her, Pendergast will leave a void behind in her wake. She managed all finance and administrative functions of the firm…

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