Red Swan Ventures, a seed stage firm launched by the founder of men’s clothing company Bonobos, is raising its third fund, according to an SEC filing.
When people combine the words “Silicon Valley” with “mafia,” usually the company “PayPal” follows soon after. But there’s another super-connected group whose influence is growing within certain ecosystems of startups: professional recruiters who are working more closely than ever with VCs, including as in-house partners.
How Vice hacked Google Glass to tell crisis stories. Larry Ellison’s new Malibu restaurant Nikita — named after Ellison’s “current” girlfriend –is booking tables weeks in advance. And Wi-Fi camera company DropCam grabs $30 million from a heavy-hitting lineup of investors. And more!
Plenty of hedge fund managers have dipped a toe into the venture business in recent years. A Boston-based group is taking things a massive step further, though. Altimeter Capital – an investment firm that has raised roughly $310 million since 2008 to take long and short positions in mostly public travel companies — is raising a $75 million venture fund, according to a new Form D filed with the SEC.
Revolution Growth, the growth venture fund co-founded by former AOL chief Steve Case, has made three of its six investments to date in the last two months. The biggest of those investments is a $40 million investment in BigCommerce.
Preqin, the private equity data provider, has this morning released a new report featuring details about which funds it deems the most consistent outperformers among private equity, venture capital, and fund of funds managers.
New Accelerator Program Launches with Backing from Austin Ventures, Battery Ventures and The Valley Fund
OpenIncubate, a new accelerator program formed to fund teams using open source IP to transform IT infrastructure, launched today with commitments from Austin Ventures, Battery Ventures and The Valley Fund. The program offers seed funding, work space, and mentorship, with no pre-defined limit on the dollars invested or the number of teams allowed into the program. Qualifying companies or teams of entrepreneurs must be software, software-as-a-service, and/or hardware-oriented. Applications are currently open at OpenIncubate.com.
You may not have heard of Famo.us yet. But every software engineer worth his salt is trying to land a job at the 11-person company, suggests its cofounder, Steve Newcomb.