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Zynga and the NewSchools Venture Fund joined forces Wednesday to unveil an ed-tech accelerator aimed at assisting young companies developing games to help students learn. Zynga.org, the game maker’s non-profit arm, said it plans to invest $1 million in the effort in its first year
Zynga Inc has named John Doerr, a general partner at venture capital firm Kleiner Perkins Caufield & Byers, to its board, the online gaming company said Friday.
The social games company disclosed the news in a second SEC document that was filed after its second quarter earnings 8-K.
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.
Across Silicon Valley, people are getting rich through sales and IPOs of startups in the social media and software sectors. But they’re not getting as rich as they thought they would, so they’re being more careful about how they spend their money, wealth advisors say.
The VC with a string of smash-hit investments is about to close its biggest fund ever.