First Read begins the morning with news that China halts trading after its stock market [...]Continue
First Read starts your abbreviated work week with news of Canada's Fairfax buying Lloyd's insurer [...]Continue
Mark Zuckerberg’s deal-zeal has Facebook spending a fortune as it runs up to its IPO. What’s next?Continue
The publicly traded fund Firsthand Technology Value Fund has, for the second time this month, acquired shares of the common stock of Gilt Groupe Holdings, the flash-sales startup based in New York. According to a release, it just purchased 34,714 shares. Two weeks ago, Firsthand acquired roughly 54,000 shares of Gilt’s common stock. PRESS RELEASE: […]Continue
They Didn’t Get a Harumph Outta That Guy: North Korea dishes out work camp sentences for people who failed to mourn the great leader’s passing sufficiently. Seriously.
So, What’s going on over at Gilt Groupe?
Looks Like another distressed fund is heading to Europe
It Doesn’t suck to be you. The 100 most powerless New Yorkers
So How’s Streaming Music going to make money, anyway?
Saving Face: Is private equity good for America
Why Private Equity? Top ten investors in PE
Massachusetts Back at Number Two: Region regains its ranking in venture capital investments
Google Tempts Fate: Why take the risk?
Low Inflation: What does it really mean?
China’s in the Money: Mega funds for HonyContinue
Everybody knows it. Tom Brady knows it (when he was racking up Lombardi Trophies in Boston, he was getting his mail here). Mark Zuckerberg may have said he’d rather start Facebook in Boston, but the reality of it is, he launched offices in New York City. Clemens, The Babe, and Boggs: they all know, too. […]Continue
(Reuters) – Consumers spent a record $1.25 billion on Cyber Monday, according to comScore, highlighting how much people love shopping online. But another group is in just as much of a frenzy over online retail: venture capitalists, who invested a record $2.39 billion in online shopping this year, according to Thomson Reuters data. That’s more […]Continue
The New York-based e-commerce company Gilt Groupe is announcing its daily “flash sales” service and daily offerings will be available in 90 countries, starting next month, including over users’ mobile phones. The company — which has raised $236 million, including from General Atlantic and Matrix Partners over the last four years — plans to release its […]Continue
BuyWithMe is being sold to Gilt Groupe, according to a report from Beta Beat.
Financial terms weren’t disclosed. The daily deals site will officially become part of Gilt, an online seller of designer fashion, on Nov. 1, the story says.
The sale comes after BuyWithMe reportedly laid off half of its staff earlier this month. BuyWithMe has secured about $30 million in funding, Beta Beat says. This includes $5.5 million in funding from Matrix Partners in January 2010. BuyWithMe, the following July, scored another $16 million in a round led by Bain Capital Ventures.Continue
Internet entrepreneur Kevin Ryan is killing it — particularly when it comes to fundraising. Ryan is the founder and CEO of Gilt Groupe, a popular shopping service that was founded in 2007 and has raised a stunning $236 million, including from Goldman Sachs, General Atlantic, and Matrix Partners since its 2007 founding — at what […]Continue
Some venture capital firms are tweaking term sheets’ language to prevent entrepreneurs from making big secondary market exits before VCs can get their cut, multiple sources tell peHUB. New restrictions turning up in term sheets include requirements that founders do not sell more than 10% of their stake via secondary transaction and, separately, that founders […]Continue
Venture capitalists picked up the pace with their second quarter investments, pouring money into Internet and life sciences startups. The quarter’s largest deals reflect this binary focus, according to the MoneyTree Report from PricewaterhouseCoopers, the National Venture Capital Association and Thomson Reuters, publisher of this blog. Six have to do with the Internet or IT. […]Continue
GSV Capital, a closed-end, publicly traded investment fund that’s been snapping up stakes in venture-backed private companies, announced today that it has recently acquired share in five companies: Bloom Energy, Chegg, Gilt Groupe, Silver Spring Networks, and Serious Energy. Woodside, Calif.-based GSV went public in April of this year. Since then, it has also acquired […]Continue
(Reuters) – Moda Operandi, a fashion e-commerce site, is raising its second round of venture capital funding as investor interest in online luxury retailers grows. The company, founded in February during New York Fashion Week, operates designer “trunk shows” online. It lets members pre-order designer clothes straight off the runway rather than have to wait […]Continue
High net worth individuals are in and VC firms are out. That’s the showing from SecondMarket’s Q1 private stock data, which the auction system released today. After making 40% of investments conducted on SecondMarket’s platform in the fourth quarter of 2010, VC firms accounted for none of its transactions to start 2011. High net worth […]Continue
Group Commerce, the New York-based daily deals site, has raised a second round of “more than $10 million,” a source familiar with the deal told peHUB. A formal announcement is expected this week or next and should include some or all of its prior investors, Spark Capital, Lerer Media Ventures, and Carmel Ventures, multiple sources […]Continue
Having poured over pageviews in Google Analytics, I’m certain of two things about peHUB readers: One, you love lists — top 5, top 10, top 20, you name it. And, two, you love slideshows. So, this week I’m turning our top 10 Hub posts into a slideshow. I’m hoping for a chocolate-and-peanut butter result. Let me know if you this “tastes” better better than the static list that we normally run.
Without further ado, here are the top 10 most popular blog posts written between May 2 and May 6, based on pageviews by our regular readers.Continue