After closing the beach-access gate near his coastal California property, Vinod Khosla must open it to the public, a state appeals court has ruled. The First District Court of Appeals in San Francisco on Aug, 9 ruled 3-0 that closing the gate at his property near Martin’s Beach south of Half Moon Bay, which the previous […]
The number of venture investment deals closed in July dropped in the healthcare, information technology, security, and cleantech sectors compared to July 2016, according to VCJ’s analysis of preliminary data from Thomson Reuters. Deal value dropped in the healthcare and cleantech sectors, but rose slightly in the security sector and substantially in the information technology […]
Three partners from Boston-based venture firm Black Coral Capital are raising up to $400 million for an inaugural fund as partners of a new firm, Spring Lane Capital, according to a filing with the SEC. Rob Day, Christian Zabbal and Nikhil Garg are listed as partners in Spring Lane Capital, according to the filing from Monday. No investors are mentioned in the filing. Black Coral, which focused on the cleantech sector, is in the process of winding down, Axios reported.
A startup cryptocurrency hedge fund and accelerator that invests in blockchain companies planning ICOs announced the launch of its own token sale today. San Francisco-based Superbloom Capital is raising $37.5 million by offering SEED tokens, which in turn gives purchasers access to an exclusive platform of ICOs of blockchain startups incubated in the company’s accelerator […]
Some blockchain companies planning ICOs or token sales are scrutinizing their regulatory compliance efforts after the Securities and Exchange Commission released an investigative report relating to digital tokens. The SEC’s investigative report, released July 25, examined an ICO from May 2016, when tokens offered on the virtual organization known as the DAO, a decentralized autonomous […]
Confidence among Silicon Valley venture investors plummeted in the second quarter, amid uncertainty about high late-stage valuations, a disappointing exit market, and political uncertainty. That’s according to the Silicon Valley Venture Capitalist Confidence Index, which fell to 3.52 in Q2 from 3.83 in the previous quarter, according to Mark Cannice, department chair and professor of entrepreneurship and […]
Venture investors are welcoming recent government action in the cryptocurrency sector as an injection of clarity that can help to distinguish scams from legitimate companies. On July 25, the Securities and Exchange Commission released an investigation into a May 2016 token sale where about $50 million of the digital currency ether, which is used in […]
Limited partners are often more aligned with a new manager raising a first or second fund than with a highly in-demand manager who can dictate terms. That’s according to Jason Andris, managing director of Venture Investment Associates, speaking on a panel at the Emerging Manager Connect East 2017 conference July 26 in New York City. LPs and […]
Limited partners are often more aligned with a new manager raising a first or second fund than with a highly in-demand manager who can dictate terms. That’s according to Jason Andris, managing director of Venture Investment Associates, speaking on a panel at the Emerging Manager Connect East 2017 conference July 26 in New York City. LPs and GPs converged at the […]
The amount of venture capital going to companies that develop drugs and therapies to treat rare diseases nearly doubled in the first half of 2017, compared with the six months prior. Companies that develop therapies or drugs for orphan diseases—which affect fewer than 200,000 people nationwide, according to the Food and Drug Administration—raised $169.26 million […]
Multiple allegations of sexual harassment have emerged and rocked the venture industry this summer, but at least one prominent investor thinks the issue is overblown. “I did not know that there was any discrimination,” said Khosla Ventures founder Vinod Khosla, adding that harassment in the venture capital world was rarer than in other industries, according […]
Revel Partners has raised $20.64 million of a targeted $50 million second fund, according to a filing with the SEC. The New York-based firm is led by Chris Young, Joseph Apprendi, and John Vincent, and makes early-stage investments in enterprise SaaS companies, according to its website. Thus far, 21 investors have committed to the fund.
Deal count and value dropped sharply in the first half of 2017 for the online payments sector, after peaking in the second half of 2016. Venture investors put just under $180 million toward 18 deals with companies in the internet security and transaction services sector in the first six months of 2017, compared to $519.6 […]
While Snap and MuleSoft celebrated going public by ringing the NYSE bell this year, other venture-backed startups were laid to rest with little fanfare. VCJ looked at some of the more notable passings of U.S.-based startups in the first half of the year, which raised a combined $1.27 billion in venture capital before closing down. […]
The number of venture deals in June in the healthcare, information technology, security and cleantech sectors mostly lagged behind the same month a year ago, according to VCJ’s analysis of preliminary data from Thomson Reuters. Meanwhile, the amount invested in deals largely held steady or increased from June 2016 to June 2017, except for the […]
Fund performance: Column Group, Canaan Partners lead emerging fund portfolio at University of California
Funds from the Column Group, Canaan Partners and GGV Capital lead a portfolio of nascent venture funds in the University of California investment holdings. In June, UC updated its private equity internal rates of return through December 2016. The portfolio largely consists of mid-sized funds that favor early or seed-stage investing. Of the 14 funds, seven […]
Venture firms could be on the hook for failing to prevent sexual harassment, and not enough of them are taking steps to prevent it and to protect themselves from liability when it occurs, employment attorneys and insurers say. Firms should enact clear anti-harassment policies in writing and conduct regular staff trainings, obtain insurance coverage, do […]
Indianapolis-based BioCrossroads has raised $5 million for its targeted $12 million third fund, Indiana Seed Fund III, according to a regulatory filing. As part of the Central Indiana Corporate Partnership, BioCrossroads invests in life sciences companies based in Indiana and is led by David Lawther Johnson. Three investors have committed to the fund, according to the filing.