Austin, Texas-based RealMassive, a provider of commercial real estate data, has named Lynn Atchison and David Mather to its board. Atchison is the chief financial officer of HomeAway Inc while Mather is a managing partner at Ensys Capital LLC. RealMassive’s backers include RHS Investments, Hurt Family Investments and Capital Factory.Continue
First Read begins the morning with news Expedia plans on acquiring Airbnb rival HomeAway for [...]Continue
HomeAway Inc has acquired Dwellable, an online vacation rental search engine and app. No financial terms were disclosed. Dwellable was backed by Version One Ventures and Maveron.Continue
HomeAway Inc, a Austin, Texas-based online marketplace for vacation rentals, has acquired a minority stake in Flat4Day for $2 million. Based in Turkey, Flat4Day is a vacation rental website. HomeAway is backed by Austin Ventures, Redpoint Ventures, Institutional Venture Partners, Trident Capital, American Capital, Technology Crossover Ventures and Google Ventures.Continue
HomeAway Inc, a Austin, Texas-based online marketplace for vacation rentals, has made an undisclosed investment in CanadaStays, a Canadian vacation rental website. HomeAway is backed by Austin Ventures, Redpoint Ventures, Institutional Venture Partners, Trident Capital, American Capital, Technology Crossover Ventures and Google Ventures.Continue
San Francisco-based Gogobot, a social travel site, has received $20 million in Series C funding. HomeAway led the round with participation from return backers Redpoint Ventures and Battery Ventures. In conjunction with the funding, HomeAway CEO Brian Sharples has been appointed to Gogobot’s board of directors. According to the company, the capital will be used for growth and expansion.Continue
Redpoint Ventures, the venture-capital firm behind digital-video recording company TiVo and vacation-rental company HomeAway, is raising a $400 million fund, according to a person familiar with the matter.Continue
Ten years ago, Austin led Los Angeles on the deal-making front and barely trailed New [...]Continue
The VC with a string of smash-hit investments is about to close its biggest fund ever.Continue
Google’s latest and greatest acquisition is its $12.5 billion buy of Motorola, incorporating into its stable a major handset maker and patent library that transcends the company’s long-held advertising and search business model. But how many other sectors is the search giant planning to enter? Well, just take a look at Google Ventures’ portfolio, and […]Continue
A day after getting beaten down with the rest of the market, three-fourths of this year’s VC-backed IPOs posted gains in today’s market rebound.
Of the 38 VC-backed companies that have gone public on U.S. exchanges this year, 28 saw their share prices increase today, while nine experienced declines and one remained flat, according to data from Thomson Reuters (publisher of peHUB). That stands in stark contrast to yesterday, when 36 of the stocks lost value and two remained flat.
The biggest gainers in terms of dollars were LinkedIn (NYSE: LNKD), which shot upContinue
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, IContinue
Redpoint Ventures’ Menlo Park offices must be an awfully happy place to have been these last 12 months. The VC has racked up billions of dollars’ worth of IPOs, sales to strategic buyers and even launched itself into a handful of new investments as of late. Some of its deals—like eye-popping multiples on Cloud.com, or […]Continue
Vacation rental website operator HomeAway Inc priced its initial public offering at the top of the expected range on Tuesday, an underwriter said. Texas-based company and its shareholders sold 8 million shares for $27 each, the underwriter said, raising $216 million. They had planned to sell shares for $24 to $27 each. HomeAway’s websites, which […]Continue
It’s still a matter of fun conjecture as to when Facebook, Groupon, Twitter or Zynga will launch their IPOs. But for now, it doesn’t matter. This year is already turning out to be a good one for VC-backed IPOs. As Mark Boslet, senior editor of Venture Capital Journal, reported in the upcoming May issue: The […]Continue
With gas prices at multi-year highs, long-distance travel is getting less affordable than it’s been for a while. But that apparently hasn’t lessened venture interest in startups in the space.
There were two travel-related funding announcements so far this week. Oktogo.ru, an online hotel booking service for Russians traveling abroad, raised $5 million from Mangrove Capital Partners, ABRT and French fund Ventech VC. Meanwhile, London-based HouseTrip, which specializes in short-term apartment bookings for travelers, raised $2.7 million in a Series A funding round from Index Ventures. (See a list of half a dozen other recent fundings on the jump.)
Those were smaller deals. But with vacation home rental site HomeAway in the pipeline for an IPO, it’s now possible to get a glimpse of larger numbers in a fast-growing space. (HomeAway, which is seeking to raise $230 million in its public offering, had revenue of $153 million and net income of $17 million last year.) Additionally, the recent viral growth of Airbnb, a site for arranging short-term stays in accommodations, ranging from living room futonsContinue
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Virtually every time VCs talk about how they identify groundbreaking startups, they mention the formative role of a powerful founder-CEO. And looking at the history of famously successful startups of the last several decades — from Apple to Microsoft to Oracle to Facebook — it seems clear they have a point.
Yet looking at the recent spate of IPO filings from high-profile venture-funded companies like Pandora, LinkedIn and Homeaway, the trend actually seems to be one of smaller ownership stakes for founders and, in some cases, reduced leadership roles. Overall, it seems like VC stakes are bigger and founders have already parted with the bulk of their holdings, either through secondary transactions or the dilutive effects of multiple funding rounds.Continue
HomeAway Inc., an Austin, Texas-based operator of an online vacation rentals website, has acquired the publisher of Brazilian vacation rental site AlugueTemporada.com.br. No financial terms were disclosed. HomeAway has raised over $480 million in VC funding, from firms like Technology Crossover Ventures, Institutional Venture Partners, Redpoint Ventures, Trident Capital and Austin Ventures.Continue